Important Notice: Income Tax Adjustments For Code Section 179 Expenses
|
|
|
- Duane Simmons
- 7 years ago
- Views:
Transcription
1 Important Notice: Income Tax Adjustments For Code Section 179 Expenses Note: The Department of Revenue originally issued this Important Notice on April 16, The Department stated that it had been advised by the staff of the General Assembly that there was a drafting error in the law with respect to the North Carolina investment limitation for taxable year Session Law amended G.S B, G.S A, and G.S to increase the North Carolina investment limitation for taxable year 2013 from $125,000 to $200,000. This Important Notice amends and supersedes the original Important Notice by correcting the North Carolina investment limitation for taxable year 2013 in the chart and in the eight examples. Other dollar amounts were revised in Examples 3 and 4 to produce results similar to the results in the original Important Notice. There are no other changes to the original Important Notice. For tax years 2010 through 2013, North Carolina did not conform to the provisions of federal law in its entirety with respect to Code section 179 expensing. North Carolina law provided different dollar and investment limitations as reflected in the table below: Taxable Year North Carolina Dollar North Carolina Investment Limitations Limitations 2010 $250,000 $800, $250,000 $800, $250,000 $800, $25,000 $200,000 A corporate or individual income taxpayer that places Code section 179 property in service during a taxable year must add to federal taxable income (federal adjusted gross income for individual income tax purposes for taxable years 2012 and 2013) an amount equal to 85% of the difference between the amount deducted on the federal return for Code section 179 expenses, using the federal dollar and federal investment limitations, and the amount that would be deductible for Code section 179 expenses using the North Carolina dollar and North Carolina investment limitations. If the cost of all qualifying Code section 179 property placed in service during the taxable year exceeds the North Carolina investment limitation for a given year, a taxpayer must reduce the North Income Tax Division June 20, 2014
2 Carolina dollar limitation, but not below zero, by the amount the cost of all qualifying Code section 179 property placed in service during the taxable year exceeds the North Carolina investment limitation. The add-back is calculated as follows: Add-back = (Deduction on Federal Return Deduction Using North Carolina Dollar and Investment Limitations) X 85%. A taxpayer may deduct 20% of the total amount of Code section 179 expense added to federal taxable income (federal adjusted gross income for individual income tax purposes for taxable years 2012 and 2013) in each of the first five taxable years following the taxable year in which the add-back is reported. For purposes of the examples in this Notice, presume the business income limitation in Code section 179(b)(3) does not apply. Example 1 John Doe invests $20,000 in qualifying Code section 179 property during tax year On his federal return, Mr. Doe deducts $20,000 in Code section 179 expense. Using North Carolina s dollar and investment limitations, Mr. Doe calculates his State add-back for Code section 179 expense as follows: Step 1: Compare the total cost of qualifying section 179 property placed in service during 2013 ($20,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, John is not required to reduce the North Carolina dollar limitation for Step 2: Compare the amount of federal section 179 expense taken in 2013 ($20,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense taken in 2013 is less than or equal to the North Carolina dollar limitation for 2013, John s Code section 179 expense deduction using North Carolina dollar and investment limitations equals his federal Code section 179 expense deduction. Step 3: Calculate the North Carolina add-back by first subtracting the amount of Code section 179 expense deduction using North Carolina dollar and investment limitations ($20,000) from the amount of federal section 179 expense ($20,000), then multiplying the difference ($0) by eighty-five percent (85%). ($20,000-$20,000) = $0 X 85% = $0 For tax year 2013, John Doe does not have an add-back for Code section 179 expense. Income Tax Division 2 June 20, 2014
3 Example 2 ABC Corporation, a C Corporation, invests $100,000 in qualifying Code section 179 property during tax year On its federal return, ABC deducts $100,000 in Code section 179 expense. Using North Carolina s dollar and investment limitations, ABC calculates its State add-back for Code section 179 expense as follows: service during 2013 ($100,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, ABC is not required to reduce the North Carolina dollar limitation for Step 2. Compare the amount of federal section 179 expense taken in 2013 ($100,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense taken in 2013 is greater than the North Carolina dollar limitation for 2013, ABC s Code section 179 expense deduction using North Carolina dollar and investment limitations ($25,000) is less than its federal Code section 179 expense deduction. Step 3. Calculate the North Carolina add-back by first subtracting the amount of Code section 179 expense deduction using North Carolina dollar and investment limitations ($25,000) from the amount of federal section 179 expense ($100,000), then multiplying the difference ($75,000) by eighty-five percent (85%). ($100,000-$25,000) = $75,000 X 85% = $63,750 For tax year 2013, ABC Corporation s add-back for Code section 179 expense equals $63,750. Example 3 XYZ Corporation, a C Corporation, invests $205,000 in qualifying Code section 179 property during tax year On its federal return, XYZ deducts $205,000 in Code section 179 expense. Using North Carolina s dollar and investment limitations, XYZ calculates its State add-back for Code section 179 expense as follows: service during 2013 ($205,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed Income Tax Division 3 June 20, 2014
4 in service during 2013 is $5,000 greater than the North Carolina investment limitation for 2013, XYZ is required to reduce the North Carolina dollar limitation of $25,000 by $5,000. ($205,000-$200,000 = $5,000 reduction to North Carolina $25,000 dollar limitation) Step 2. Compare the amount of federal section 179 expense taken in 2013 ($205,000) with the North Carolina dollar limitation for 2013 of $20,000 ($25,000- $5,000). Since the amount of federal section 179 expense taken in 2013 is greater than the North Carolina dollar limitation for 2013, XYZ s Code section 179 expense deduction using North Carolina dollar and investment limitations ($20,000) is less than its federal Code section 179 expense deduction Step 3. Calculate the North Carolina add-back by first subtracting the amount of Code section 179 expense deduction using North Carolina dollar and investment limitations ($20,000) from the amount of federal section 179 expense ($205,000), then multiplying the difference ($185,000) by eighty-five percent (85%). ($205,000-$20,000) = $185,000 X 85% = $157,250 For tax year 2013, XYZ Corporation s add-back for Code section 179 expense equals $157,250. Example 4 Jane Doe invests $225,000 in qualifying Code section 179 property during tax year On her federal return, Jane deducts $225,000 in Code section 179 expense. Using North Carolina s dollar and investment limitations, Jane calculates her State add-back for Code section 179 expense as follows: service during 2013 ($225,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is $25,000 greater than the North Carolina investment limitation for 2013, Jane is required to reduce the North Carolina $25,000 dollar limitation by $25,000. ($225,000-$200,000 = $25,000 reduction to North Carolina $25,000 dollar limitation) Step 2. Compare the amount of federal section 179 expense taken in 2013 ($225,000) with the North Carolina dollar limitation for 2013 of $0 ($25,000- $25,000). Since the amount of federal section 179 expense taken in 2013 is Income Tax Division 4 June 20, 2014
5 greater than the North Carolina dollar limitation for 2013, Jane s Code section 179 expense deduction using North Carolina dollar and investment limitations ($0) is less than her federal Code section 179 expense deduction Step 3. Calculate the North Carolina add-back by first subtracting the amount of Code section 179 expense deduction using North Carolina dollar and investment limitations ($0) from the amount of federal section 179 expense ($225,000), then multiplying the difference ($225,000) by eighty-five percent (85%). ($225,000-$0) = $225,000 X 85% = $191,250 For tax year 2013, Jane Doe s add-back for Code section 179 expense equals $191,250. Code section 179 Investments and Pass-through Entities A corporation or individual, in addition to its own investments in qualifying Code section 179 property, may be an owner of a pass-through entity that also invests in qualifying Code section 179 property. For both federal and North Carolina income tax purposes, the Code section 179 deduction limitations apply both to the pass-through entity and to each of its owners. The pass-through entity determines its Code section 179 deduction subject to the applicable limitations but does not deduct the allowable expense on the pass-through entity tax return. Instead, it allocates the Code section 179 expense deduction among its owners. For federal income tax purposes, the pass-through entity reports the owner s allocated share of the federal Code section 179 deduction on the owner s federal K-1. For North Carolina income tax purposes, if a pass-through entity has allocated a Code section 179 expense to its owners for federal income tax purposes, the pass-through entity must provide a statement on each North Carolina K-1 that notifies the owner that North Carolina s dollar and investment limitations are different than the federal limitations and an addition may be required on the owner s North Carolina income tax return. The statement must also provide the amount of Code section 179 expense allocated to the owner using the North Carolina limitations. A sample statement follows: You have been allocated Code section 179 expenses on your federal K-1 based on federal dollar and investment limitations. North Carolina has different dollar and investment limitations and requires an add-back on the North Carolina income tax return for 85% of the difference between the amount deducted on the federal return for Code section 179 expenses and the amount of Code section 179 expenses that would be deductible using the North Carolina dollar and investment limitations. The amount of Code section 179 expenses that would be allocated to you using North Income Tax Division 5 June 20, 2014
6 Carolina s dollar and investment limitations is $. Use this amount in calculating the add-back for Code section 179 expense on your North Carolina return. You are allowed to take a deduction in each of the first five taxable years following the taxable year in which the add-back is reported. The deduction in each of those years is 20% of the add-back. The pass-through entity does not report the add-back or the subsequent deductions on the pass-through entity income tax return. The total investment in Code section 179 property by the pass-through entity is not added to the owner s own investments when applying the investment limitation. However, the owner of the pass-through entity must add the amount of Code section 179 expense allocated to it by a pass-through entity to its own Code section 179 investments before applying the dollar limitation. Example 5 Steve Doe is a 25% owner of DEF Corporation, an S Corporation. DEF invests $125,000 in qualifying Code section 179 property during tax year DEF allocates $31,250 of Code section 179 expense to Steve on his federal K-1. Steve has no other investments in qualifying Code section 179 property and deducts $31,250 on his federal income tax return. Using North Carolina s dollar and investment limitations, DEF calculates Steve s allocated share of Code section 179 expense for North Carolina tax purposes as follows: service by DEF during 2013 ($125,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, DEF is not required to reduce the North Carolina dollar limitation for Step 2. Compare the deductible amount of federal section 179 expense at the DEF (pass-through) level for 2013 ($125,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense for 2013 is greater than the North Carolina dollar limitation for 2013, DEF s Code section 179 property expense allocated to its owners using North Carolina dollar and investment limitations is $25,000. DEF informs Steve Doe that his pro rata share of DEF s Code section 179 expense using North Carolina dollar and investment limitations is $6,250. Using North Carolina s dollar and investment limitations, Steve calculates his State add-back for Code section 179 expense as follows: Income Tax Division 6 June 20, 2014
7 Step 1. Compare the total cost of qualifying section 179 property Steve placed in service during 2013 ($0) with the North Carolina investment limitation for tax year 2013 ($200,000). Since Steve s cost of qualifying section 179 property placed in service during 2013 is less than or equal to the amount of North Carolina investment limitation allowed in 2013, Steve is not required to reduce the North Carolina dollar limitation for Step 2. Compare the amount of Code section 179 expense allocated to Steve from DEF using North Carolina dollar and investment limitations ($6,250) plus any Code section 179 expense attributed to Steve s own qualifying Code section 179 investments ($0) with the North Carolina dollar limitation for 2013 ($25,000). Since the total amount of Steve s allocated share of pass-through Code section 179 expense using North Carolina dollar and investment limitations and his own Code section 179 expense ($6,250) is less than or equal to the North Carolina dollar limitation for 2013, Steve s Code section 179 property expense using North Carolina dollar and investment limitations is $6,250. Step 3: Calculate the North Carolina add-back by first subtracting the amount of section 179 expense using North Carolina dollar and investment limitations ($6,250) from the amount of federal section 179 expense taken in 2013 ($31,250), then multiplying the difference ($25,000) by eighty-five percent (85%). ($31,250-$6,250) = $25,000 X 85% = $21,250 For tax year 2013, Steve Doe s add-back for Code section 179 expense equals $21,250. Example 6 UVW Corporation is a 20% owner of 123 Partnership. 123 Partnership invests $100,000 in Code section 179 property during tax year allocates $20,000 of Code section 179 expense to UVW on its federal K-1. UVW also invests $18,000 in qualifying Code section 179 property and deducts $38,000 on its federal income tax return. Using North Carolina s dollar and investment limitations, 123 calculates UVW s allocated share of Code section 179 expense for North Carolina tax purposes as follows: service by 123 during 2013 ($100,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, 123 is not required to reduce the North Carolina dollar limitation for Income Tax Division 7 June 20, 2014
8 Step 2. Compare the deductible amount of federal section 179 expense at the 123 (pass-through) level for 2013 ($100,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense for 2013 is greater than the North Carolina dollar limitation for 2013, 123 s Code section 179 property expense allocated to its owners using North Carolina dollar and investment limitations is $25, informs UVW Corporation that its pro rata share of 123 s section 179 expense using North Carolina dollar and investment limitations is $5,000. Using North Carolina s dollar and investment limitations, UVW Corporation calculates its State add-back for Code section 179 expense as follows: Step 1. Compare the total cost of qualifying section 179 property UVW placed in service during 2013 ($18,000) with the North Carolina investment limitation for tax year 2013 ($200,000). Since UVW s cost of qualifying section 179 property placed into service during 2013 is less than or equal to the amount of North Carolina investment limitation allowed in 2013, UVW is not required to reduce the North Carolina dollar limitation for Step 2. Compare the amount of Code section 179 expense allocated to UVW from 123 using North Carolina dollar and investment limitations ($5,000) plus any Code section 179 expense attributed to UVW s own qualifying Code section 179 investments ($18,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the total amount of UVW s allocated share of pass-through Code section 179 expense using North Carolina dollar and investment limitations and its own Code section 179 expense ($23,000) is less than or equal to the North Carolina dollar limitation allowed for 2013, UVW s Code section 179 property expense using North Carolina dollar and investment limitations is $23,000. Step 3: Calculate the North Carolina add-back by first subtracting the amount of section 179 expense using North Carolina dollar and investment limitations ($23,000) from the amount of federal section 179 expense taken in 2013 ($38,000), then multiplying the difference ($15,000) by eighty-five percent (85%). ($38,000-$23,000) = $15,000 X 85% = $12,750 For tax year 2013, UVW Corporation s add-back for Code section 179 expense equals $12,750. Example 7 RST Corporation is a 40% owner of 909 Partnership. 909 Partnership invests $80,000 in qualifying Code section 179 property during tax year allocates $32,000 of Code section 179 expense to RST on its federal K-1. RST Income Tax Division 8 June 20, 2014
9 also invests $110,000 in qualifying Code section 179 property and deducts $142,000 on its federal income tax return. Using North Carolina s dollar and investment limitations, 909 calculates RST s allocated share of Code section 179 expense for North Carolina tax purposes as follows service by 909 during 2013 ($80,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, 909 is not required to reduce the North Carolina dollar limitation for Step 2. Compare the deductible amount of federal section 179 expense at the 909 (pass-through) level for 2013 ($80,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense for 2013 is greater than the North Carolina dollar limitation for 2013, 909 s Code section 179 property expense allocated to its owners using North Carolina dollar and investment limitations is $25, informs RST Corporation that its pro rata share of 909 s section 179 expense using North Carolina dollar and investment limitations is $10,000. Using North Carolina s dollar and investment limitations, RST Corporation calculates its State add-back for Code section 179 expense as follows: Step 1. Compare the total cost of qualifying section 179 property RST placed in service during 2013 ($110,000) with the North Carolina investment limitation for tax year 2013 ($200,000). Since RST s cost of qualifying section 179 property placed into service during 2013 is less than or equal to the amount of North Carolina investment limitation allowed in 2013, RST is not required to reduce the North Carolina dollar limitation for Step 2. Compare the amount of Code section 179 expense allocated to RST from 909 using North Carolina dollar and investment limitations ($10,000) plus any Code section 179 expense attributed to RST s own qualifying Code section 179 investments ($110,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the total amount of RST s allocated share of pass-through Code section 179 expense using North Carolina dollar and investment limitations and its own Code section 179 expense ($120,000) is greater than the North Carolina dollar limitation allowed for 2013, RST s Code section 179 property expense using North Carolina dollar and investment limitations is limited to $25,000. Step 3: Calculate the North Carolina add-back by first subtracting the amount of section 179 expense using North Carolina dollar and investment limitations ($25,000) from the amount of federal section 179 expense taken in 2013 Income Tax Division 9 June 20, 2014
10 ($142,000), then multiplying the difference ($117,000) by eighty-five percent (85%). ($142,000-$25,000) = $117,000 X 85% = $99,450 For tax year 2013, RST Corporation s add-back for Code section 179 expense equals $99,450. Example 8 Sandra Doe is a 10% owner of 777 Partnership. 777 Partnership invests $60,000 in qualifying Code section 179 property during tax year allocates $6,000 of Code section 179 expense to Sandra on her federal K-1. Sandra also invests $250,000 in qualifying Code section 179 property and deducts $256,000 on her federal income tax return. Using North Carolina s dollar and investment limitations, 777 Partnership calculates Sandra s allocated share of Code section 179 expense for North Carolina tax purposes as follows service by 777 during 2013 ($60,000) with the North Carolina investment limitation for 2013 ($200,000). Since the total cost of qualifying section 179 property placed in service during 2013 is less than or equal to the North Carolina investment limitation for 2013, 777 is not required to reduce the North Carolina dollar limitation for Step 2. Compare the deductible amount of federal section 179 expense at the 777 (pass-through) level for 2013 ($60,000) with the North Carolina dollar limitation for 2013 ($25,000). Since the amount of federal section 179 expense for 2013 is greater than the North Carolina dollar limitation for 2013, 777 s Code section 179 property expense allocated to its owners using North Carolina dollar and investment limitations is $25, Partnership informs Sandra that her pro rata share of 777 s section 179 expense using North Carolina dollar and investment limitations is $2,500. Using North Carolina s dollar and investment limitations, Sandra calculates her State add-back for Code section 179 expense as follows: Step 1. Compare the total cost of qualifying section 179 property Sandra placed in service during 2013 ($250,000) with the North Carolina investment limitation for tax year 2013 ($200,000). Since Sandra s cost of qualifying section 179 property placed into service during 2013 is greater than the amount of North Carolina investment limitation allowed in 2013, Sandra must reduce the North Carolina dollar limitation for 2013 on a dollar for dollar basis, but not below zero. For Sandra, the investment in qualifying Code section 179 property during tax year 2013 ($250,000) exceeds the North Carolina investment limitation for 2013 Income Tax Division 10 June 20, 2014
11 ($200,000) by $50,000. Therefore, Sandra s North Carolina dollar limitation for 2013 is reduced to $0. Step 2. Compare the amount of North Carolina Code section 179 expense allocated to Sandra from 777 using North Carolina dollar and investment limitations ($2,500) plus any Code section 179 expense attributed to Sandra s own qualifying Code section 179 investments ($250,000) with the North Carolina dollar limitation for 2013 ($0). Since the total amount of Sandra s allocated share of pass-through Code section 179 expense using North Carolina dollar and investment limitations and her own Code section 179 expense ($252,500) is greater than the North Carolina dollar limitation allowed for 2013, Sandra s Code section 179 property expense using North Carolina dollar and investment limitations is $0. Step 3: Calculate the North Carolina add-back by first subtracting the amount of section 179 expense using North Carolina dollar and investment limitations ($0) from the amount of federal section 179 expense taken in 2013 ($256,000), then multiplying the difference ($256,000) by eighty-five percent (85%). ($256,000-$0) = $256,000 X 85% = $217,600 For tax year 2013, Sandra Doe s add-back for Code section 179 expense equals $217,600. Note that even though 777 Partnership allocated $2,500 in Code section 179 expense to Sandra for North Carolina income tax purposes, her own investments exceed the North Carolina investment limitation to the extent that the North Carolina dollar limitation for Code section 179 property is $0. Income Tax Division 11 June 20, 2014
ATTENTION: NEW NC-4 WITHHOLDING FORMS ENCLOSED
North Carolina Department of Revenue ATTENTION: NEW NC-4 WITHHOLDING FORMS ENCLOSED IMMEDIATE ACTION REQUIRED North Carolina Department of Revenue TO: IMPORTANT NOTICE: NEW NC-4 REQUIRED FOR PAYMENTS BEGINNING
SC REVENUE RULING #06-12. All previous advisory opinions and any oral directives in conflict herewith.
State of South Carolina Department of Revenue 301 Gervais Street, P. O. Box 125, Columbia, South Carolina 29214 Website Address: http://www.sctax.org SC REVENUE RULING #06-12 SUBJECT: Tax Rate Reduction
Withholding Certificate for Pension or Annuity Payments
Web 12-14 NC-4P Withholding Certificate for Pension or Annuity Payments PURPOSE. Form NC-4P is for North Carolina residents who are recipients of income from pensions, annuities, and certain other deferred
How Do I Claim Federal and North Carolina Tax Credits for My Renewable Energy System?
How Do I Claim Federal and North Carolina Tax Credits for My Renewable Energy System? If you have recently purchased a renewable energy system, such as a solar photovoltaic (PV), a solar thermal heating
Withholding Certificate for Pension or Annuity Payments
NC-4P Web 11-13! Withholding Certificate for Pension or Annuity Payments North Carolina Department of Revenue Important: You must complete a new Form NC-4P for tax year 2014. As a result of recent law
Cut here and give this certificate to your employer. Keep the top portion for your records. North Carolina Department of Revenue
Web 2-15 NC-4 Employee s Withholding Allowance Certificate PURPOSE - Complete Form NC-4, Employee s Withholding Allowance Certificate, so that your employer can withhold the correct amount of State income
NCACPA TAXATION COMMITTEE Subcommittee 2012 Questionnaire
NCACPA TAXATION COMMITTEE Subcommittee 2012 Questionnaire A. Business Tax Could you please address the issue of the NC Add-back with regard to bonus depreciation? Is there any way to avoid the rule of
North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns
June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6
ADMINISTRATIVE RELEASE. Maryland Income Tax. Administrative Release No. 6. Subject: Taxation of Pass-through Entities Having Nonresident Members.
Maryland Income Tax ADMINISTRATIVE RELEASE Administrative Release No. 6 Subject: Taxation of Pass-through Entities Having Nonresident Members. I. General Under 10-401 of the Tax-General Article, Annotated
Arizona Form 2007 Exempt Organization Business Income Tax Return 99T
Arizona Form 2007 Exempt Organization Business Income Tax Return 99T Obtain additional information or assistance, tax forms and instructions, and copies of tax rulings and tax procedures by contacting
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2005 SESSION LAW 2006-40 HOUSE BILL 474
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2005 SESSION LAW 2006-40 HOUSE BILL 474 AN ACT TO PROVIDE A TAX CREDIT FOR REVITALIZATION OF HISTORIC MILL FACILITIES AND TO PROVIDE AN ENHANCED HISTORIC REHABILITATION
OFFICE OF THE ATTORNEY GENERAL 2013 TAX CHARTS
OFFICE OF THE ATTORNEY GENERAL 2013 TAX CHARTS Pursuant to 154.061 of the Texas Family Code, the Office of the Attorney General of Texas, as the Title IV-D agency, has promulgated the following tax charts
City or town State ZIP code +4 ME YE
$ OR FISCAL YEAR BEGINNING, ENDING Federal Employer Identification Number (9 digits) Applied for Date (MMDDYY) Print Using Blue or Black Ink Only Date of Organization or Incorporation (MMDDYY) Name Business
2014 North Carolina Self-Insured Workers Compensation Corporation Gross Premium Tax Return Instructions
2014 North Carolina Self-Insured Workers Compensation Corporation Gross Premium Tax Return Instructions Part 1 Computation of Gross Premium Tax Line 1 Adjusted Taxable Premiums Complete Part 4 and enter
OFFICE OF THE ATTORNEY GENERAL 2014 TAX CHARTS
OFFICE OF THE ATTORNEY GENERAL 2014 TAX CHARTS Pursuant to 154.061 of the Texas Family Code, the Office of the Attorney General of Texas, as the Title IV-D agency, has promulgated the following tax charts
OFFICE OF THE ATTORNEY GENERAL 2015 TAX CHARTS
OFFICE OF THE ATTORNEY GENERAL 2015 TAX CHARTS Pursuant to 154.061 of the Texas Family Code, the Office of the Attorney General of Texas, as the Title IV-D agency, has promulgated the following tax charts
2014 NC Individual Income Tax Instructions for Non-Resident Aliens (NRA) NC STATE TAX FORM INSTRUCTIONS FOR NON-RESIDENT ALIENS (NRAs)
NC STATE TAX FORM INSTRUCTIONS FOR NON-RESIDENT ALIENS (NRAs) First of all, do you have to file Taxes with the State of North Carolina?? If you earned less than $7,500 either as a Single or Married Filing
North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns
June 3, 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6
Federal Percentage Method of Withholding For Payroll Paid January 23 December 31, 2015 Source: IRS Notice 1036 (January 2015)
Federal Percentage Method of Withholding For Payroll Paid January 23 December 31, 2015 Procedures used to calculate federal taxes withheld*: 1. Obtain the employee s gross wage for the payroll period.
141.0401 Limited liability entity tax -- Exemptions -- Rate. (1) As used in this section: (a) "Kentucky gross receipts" means an amount equal to the
141.0401 Limited liability entity tax -- Exemptions -- Rate. (1) As used in this section: (a) "Kentucky gross receipts" means an amount equal to the computation of the numerator of the sales factor under
Chapter 19 (4) Cost Behavior and Cost-Volume-Profit Analysis Study Guide Solutions Fill-in-the-Blank Equations
Chapter 19 (4) Cost Behavior and Cost-Volume-Profit Analysis Study Guide Solutions Fill-in-the-Blank Equations 1. Variable cost per unit 2. Fixed cost 3. Variable costs 4. Contribution margin 5. Change
Federal Income Tax Information January 29, 2016 Page 2. 2016 Federal Income Tax Withholding Information - PERCENTAGE METHOD
Federal Income Tax Information January 29, 2016 Page 2 - PERCENTAGE METHOD ALLOWANCE TABLE Dollar Amount of Withholding Allowances Number of Biweekly Monthly Withholding Pay Period Pay Period Allowances
First-Time Home Buyer Savings Account Guidelines
Introduction During the 2014 Session, the Virginia General Assembly enacted House Bill 331 (2014 Acts of Assembly, Chapter 729), which allows an individual to designate an account at a financial institution
SC PRIVATE LETTER RULING #07-7. Sales of Photograph Prints via an Internet Website (Sales and Use Tax)
State of South Carolina Department of Revenue 301 Gervais Street, P.O. Box 125, Columbia, South Carolina 29214 Website Address: http://www.sctax.org SC PRIVATE LETTER RULING #07-7 SUBJECT: Sales of Photograph
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2015 H 2 HOUSE BILL 152 Committee Substitute Favorable 3/24/15
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 0 H HOUSE BILL Committee Substitute Favorable // Short Title: New Historic Preservation Tax Credit. (Public) Sponsors: Referred to: March, 0 1 1 1 1 0 1 0 1 A
2. Adjustments to Federal Taxable Income The following additions to Federal taxable income must be made in determining State net income:
C. Computation of Net Income (G.S. 105-130.3, G.S. 105-130.5) 1. Preliminary Statement To compute State net income or net loss, a corporation uses its Federal taxable income as defined in the Internal
560-7-4-.04 Procedures Governing the Georgia Higher Education Savings Plan.
560-7-4-.04 Procedures Governing the Georgia Higher Education Savings Plan. (1) Definitions. (a) Federal Adjusted Gross Income. The term federal adjusted gross income means federal adjusted gross income,
FEIN. Qualified Funeral Trust SSN:
STATE OF WEST VIRGINIA State Tax Department, Tax Account Administration Division P.O. Box 1071 Charleston, WV 534-1071 Estate or Trust Name FEIN Address City State Zip WEST VIRGINIA FIDUCIARY INCOME TAX
PART 1: CALCULATION OF SINGLE BUSINESS TAX (SBT) INVESTMENT TAX CREDIT (ITC) RECAPTURE BASES
Michigan Department of Treasury 4585 (Rev. 03-15), Page 1 Attachment 05 2015 MICHIGAN Business Tax Investment Tax Credit Recapture From Sale of Assets Acquired Under Single Business Tax Issued under authority
New York Tax Treatment of Distributions and Rollovers Relating to Government IRC Section 457 Deferred Compensation Plans
New York State Department of Taxation and Finance Office of Tax Policy Analysis Technical Services Division New York Tax Treatment of Distributions and Rollovers Relating to Government IRC Section 457
Bill Draft 2015-SVxz-2D: IRC Update.
2015-2016 General Assembly Bill Draft 2015-SVxz-2D: IRC Update. Committee: Revenue Laws Study Committee Date: January 13, 2015 Introduced by: Prepared by: Trina Griffin Analysis of: 2015-SVxz-2D Committee
FRANCHISE TAX CORPORATE INCOME TAX PRIVILEGE TAX INSURANCE PREMIUM TAX EXCISE TAX 2006 SUPPLEMENT RULES AND BULLETINS TAXABLE YEARS 2005 & 2006
State of North Carolina FRANCHISE TAX CORPORATE INCOME TAX PRIVILEGE TAX INSURANCE PREMIUM TAX EXCISE TAX 2006 SUPPLEMENT RULES AND BULLETINS TAXABLE YEARS 2005 & 2006 Issues By Corporate, Excise and Insurance
Guidelines for Filing a Group Form 540NR
State of California Franchise Tax Board FTB Publication 1067 Guidelines for Filing a Group Form 540NR Contents Purpose... 1 Terms Used in this Publication... 1 General Information... 1 Introduction....
2012 IT 1041 2012 IT 1041 IT 1041 ,,. 0 0. Fiduciary Income Tax Return. Mail to: Ohio Dept. of Taxation P.O. Box 2619 Columbus, OH 43216-2619
Do not use staples Use only black ink Federal employer ID number (FEIN) Use UPPERCASE letters Name of trust or estate 12180102 Social Security no of decedent (estates only) Rev 12/12 For taxable year beginning
Sales and Use Tax Division North Carolina Department of Revenue Post Office Box 25000 Raleigh, North Carolina 27640-0001 www.dornc.
Sales and Use Tax Division North Carolina Department of Revenue Post Office Box 25000 Raleigh, North Carolina 27640-0001 www.dornc.com FREQUENTLY ASKED QUESTIONS: 911 SERVICE CHARGE FOR PREPAID WIRELESS
Differential Earnings Rate for Mutual Life Insurance Companies. This notice publishes a tentative determination under 809
Part III Differential Earnings Rate for Mutual Life Insurance Companies Notice 2001-24 This notice publishes a tentative determination under 809 of the Internal Revenue Code of the "differential earnings
M e m o r a n d u m. Introduction. Section 170
State of California Board of Equalization Property and Special Taxes Department M e m o r a n d u m To: Honorable John Chiang, Chair Honorable Claude Parrish, Vice-Chairman Ms. Betty T. Yee, Acting Board
Frequently Asked Questions (FAQ s) Why is the change being made and why does the employee care?
Frequently Asked Questions (FAQ s) Why is the change being made and why does the employee care? The change will improve departmental efficiency and be more productive to the departmental core businesses.
INCOME TAX REFORM. What Does It Mean for Taxpayers?
BRIEFING PAPER INCOME TAX REFORM What Does It Mean for Taxpayers? Office of Legislative Research and General Counsel DECEMBER 2006 UTAH LEGISLATURE HIGHLIGHTS SB 4001, passed in the 2006 4th Special Session,
Date Filed with the Secretary of the State: September 29, 2004
State of California Franchise Tax Board-Legislative Services Bureau Telephone: (916) 845-4326 PO Box 1468 ATSS: 468-4326 Sacramento, CA 95812-1468 FAX: (916) 845-5472 Legislative Change No. 04-37 Bill
Economic Stimulus Act of 2008
Economic Stimulus Act of 2008 H.R. 5140. Passed by both the House and Senate on February 7, 2008, the Economic Stimulus Act of 2008 provides rebates for individuals and incentives for business investment.
STATE OF NORTH CAROLINA
STATE OF NORTH CAROLINA COUNTY OF WAKE BEFORE THE SECRETARY OF REVENUE IN THE MATTER OF: The Denial of Individual Income Tax ) Refund for the Taxable Year 1999 by the ) Secretary of Revenue of North Carolina
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2013 S 1 SENATE BILL 677. Short Title: Corporate Income Tax Reduction & Reform. (Public) April 4, 2013
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION S 1 SENATE BILL Short Title: Corporate Income Tax Reduction & Reform. (Public) Sponsors: Referred to: Senators Rucho, Rabon (Primary Sponsors); Brock, Cook, Daniel,
2013 Ohio Small Business Investor Income Deduction
2013 Ohio Small Business Investor Income Deduction Instructions for Apportioning Business Income Solely for Purposes of Computing the Small Business Investor Income Deduction hio Department of Taxation
North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns
June 3 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6
IMPORTANT CALENDAR YEAR 2015 TAX RETURN GUIDE
IMPORTANT CALENDAR YEAR 2015 TAX RETURN GUIDE MESABI TRUST Deutsche Bank Trust Company Americas, Corporate Trustee c/o DB Services America, Inc. Attn: Tax Operations 5022 Gate Parkway, Suite 200 Jacksonville,
Colorado Online Tax Returns - How to Avoid Perjury
Taxpayer Service Division Colorado Department of Revenue September 25, 2014 (Draft) Software Developers Handbook Business Income Tax (Calendar Year 2015) I COLORADO DEPARTMENT OF REVENUE TABLE OF CONTENTS
Individual Income Tax Return 2013. North Carolina Department of Revenue. You must enter your social security number(s) M.I. Spouse s Last Name
Staple All Pages of Your Return Here D-4 Web Print in Black or Blue Ink Only No Pencil or Red Ink For calendar year or fiscal year beginning (MM-DD) Your First Name(USE CAPITAL LETTERS FOR YOUR NAME AND
Limited Liability Company Filing Information. LLCs are not subject to the annual tax and fee if. both of the following are true:
STATE OF CALIFORNIA SACRAMENTO CA 95827-0540 General LLC Information Limited liability companies (LLCs) combine traditional corporate and partnership characteristics. The California Revised Uniform Limited
Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees
Part III Administrative, Procedural, and Miscellaneous Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees Notice 2008-1 PURPOSE This notice provides rules under which a 2-percent
REVENUE REQUIREMENT WORK FORM
Page 1 of 9 (1) Version: 1.0 Table of Content Sheet A Name Data Input Sheet 1 Rate Base 2 Utility Income 3 Taxes/PILS 4 Capitalization/Cost of Capital 5 Revenue Sufficiency/Deficiency 6 Revenue Requirement
NORTH CAROLINA S REFERENCE TO THE INTERNAL REVENUE CODE UPDATED - IMPACT ON 2014 NORTH CAROLINA CORPORATE AND INDIVIDUAL INCOME TAX RETURNS
April 1, 2015 NORTH CAROLINA S REFERENCE TO THE INTERNAL REVENUE CODE UPDATED - IMPACT ON 2014 NORTH CAROLINA CORPORATE AND INDIVIDUAL INCOME TAX RETURNS Governor McCrory signed into law Session Law 2015-2
DESCRIPTION OF H.R. 636, THE AMERICA S SMALL BUSINESS TAX RELIEF ACT OF 2015
DESCRIPTION OF H.R. 636, THE AMERICA S SMALL BUSINESS TAX RELIEF ACT OF 2015 Scheduled for Markup by the HOUSE COMMITTEE ON WAYS AND MEANS on February 4, 2015 Prepared by the Staff of the JOINT COMMITTEE
S Corporation Questions & Answers
S Corporation Questions & Answers Provisions in Chapter 173, P.L. 1993 provide that a corporation may elect to be treated as a New Jersey S corporation. The following is designed to address the most commonly
Accounting Periods and Methods
Department of the Treasury Internal Revenue Service Publication 538 (Rev. December 2012) Cat. No. 15068G Accounting Periods and Methods Contents Introduction... 1 Reminders... 2 Accounting Periods... 2
Appendix J: Tax Department Credit Forms and Instructions
Appendix J: Tax Department Credit Forms and Instructions Appendix J: Tax Department Credit Forms and Instructions Page J-1 CT-248 Staple forms here New York State Department of Taxation and Finance Claim
North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns
June 3, 2016 North Carolina s Reference to the Internal Revenue Code Updated - Impact on 2015 North Carolina Corporate and Individual income Tax Returns Governor McCrory signed into law Session Law 2016-6
Transfer of Partnership Interests/ Assets
Transfer of Partnership Interests/ Assets Part I: Disguised Sales Section 707 (a)(2)b Global Change The regulations under Section 707(a)(1)(B) set forth rules as to when a contribution to the partnership
Partnership Form M3 Instructions 2014
Partnership Form M3 Instructions 2014 What s New for 2014 Factor Percentages have Changed The property, payroll, and sales factors on Schedule M3A have changed. Beginning in tax year 2014 and beyond, Minnesota
DRAFT GUIDE ON THE TAXATION OF LUMP SUM BENEFITS
GUIDE ON THE TAXATION OF LUMP SUM BENEFITS GUIDE ON THE TAXATION OF LUMP SUM BENEFITS Another helpful guide brought to you by the South African Revenue Service. Foreword This document is a general guide
PERSONAL 502CR INCOME TAX CREDITS FOR INDIVIDUALS. Read Instructions for Form 502CR
PERSONAL FORM 0CR INCOME TAX CREDITS 00 Please Print Blue or Black Ink Only FOR INDIVIDUALS ATTACH TO YOUR TAX RETURN Your first name Initial Last name Spouse s first name Initial Last name YOUR SOCIAL
FYI For Your Information
TAXPAYER SERVICE DIVISION FYI For Your Information Combined and Consolidated Corporation Returns There are four possible filing alternatives for an affiliated group of corporations in Colorado. The alternatives
New Jersey s Inheritance and Estate Taxes: A Technical Summary
New Jersey s Inheritance and Estate Taxes: A Technical Summary Frederick K. Schoenbrodt, II Neff Aguilar, LLC New Jersey imposes two taxes- a transfer inheritance tax and an estate tax- that apply upon
THE DEPARTMENT OF REVENUE OF THE STATE OF ILLINOIS, No. 98-IT-0000 SSN #000-00-0000 v. Tax Years 1997, 1998, 1999. Administrative Law Judge
IT 00-11 Tax Type: Issue: Income Tax Allowable Deductions Qualified Medical Plan STATE OF ILLINOIS DEPARTMENT OF REVENUE OFFICE OF ADMINISTRATIVE HEARINGS CHICAGO, ILLINOIS THE DEPARTMENT OF REVENUE OF
M4X 2013 Amended Franchise Tax Return/Claim for Refund
M4X 2013 Amended Franchise Tax Return/Claim for Refund Print or Type For tax year beginning (mm/dd/2013) Tax year ending (mm/dd/yyyy) FEIN Name of corporation Minnesota tax ID Street address or post office
Multistate Impact of the American Taxpayer Relief Act of 2012 March 5, 2013
Multistate Tax EXTERNAL ALERT Multistate Impact of the American Taxpayer Relief Act of 2012 March 5, 2013 Overview On January 2, 2013, President Barack Obama signed into law the American Taxpayer Relief
First-Time Home Buyer Savings Account Guidelines
Introduction During the 2014 Session, the Virginia General Assembly enacted House Bill 331 (2014 Acts of Assembly, Chapter 729), which allows an individual to designate an account at a financial institution
Tax Equity and Fiscal Responsibility (TEFRA) and Tip Reporting Alternative Commitment (TRAC)
Tax Equity and Fiscal Responsibility (TEFRA) and Tip Reporting Alternative Commitment (TRAC) Introduction Part I: TEFRA Questions and Answers The IRS Formula Delinquent Filing Part II: TRAC Background
Columbia Threadneedle Investments SEP Simplified Employee Pension Plan
Columbia Threadneedle Investments SEP Simplified Employee Pension Plan This kit contains: Part I. Instructions and Basic Plan Document Part II. Eligibility form and Adoption Agreement Part III. Employee
PURSUANT TO INTERNAL REVENUE CODE SECTION 7463(b),THIS OPINION MAY NOT BE TREATED AS PRECEDENT FOR ANY OTHER CASE.
PURSUANT TO INTERNAL REVENUE CODE SECTION 7463(b),THIS OPINION MAY NOT BE TREATED AS PRECEDENT FOR ANY OTHER CASE. T.C. Summary Opinion 2005-57 UNITED STATES TAX COURT ANTHONY M. FLORES AND SANDRA L. FLORES,
This notice provides guidance to taxpayers regarding the election to
Part III - Administrative, Procedural, and Miscellaneous State and Local General Sales Tax Deduction Notice 2005-31 This notice provides guidance to taxpayers regarding the election to deduct state and
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)
Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability. (Also Part I, 172, 6411)
IC 6-3.1-30 Chapter 30. Headquarters Relocation Tax Credit IC 6-3.1-30-1 "Corporate headquarters" IC 6-3.1-30-1.5 "Corporation"
IC 6-3.1-30 Chapter 30. Headquarters Relocation Tax Credit Revisor's Note: The effective date of IC 6-3.1-30 was changed to 1-1-2006 by P.L.137-2006, SEC.17. IC 6-3.1-30-1 "Corporate headquarters" Sec.
2016 FR-400M. Motor Fuel Tax Forms and Instructions
Government of the District of Columbia Office of the Chief Financial Officer Office of Tax and Revenue 2016 FR-400M Motor Fuel Tax Forms and Instructions Effective October 1, 2013, the District shall levy
Florida Corporate Short Form Income Tax Return. For tax year beginning on or after January 1, (Continued on Page 2)
FEIN: Taxable Year End: Florida Corporate Short Form Income Tax Return For tax year beginning on or after January 1 F-1120A Rule 12C-1.051 Florida Administrative Code Effective 01/15 Where to Send Payments
Adjusted Options. To view the latest schedule of adjusted options from the Options Clearing Corporation (OCC), click here. Adjusted Option FAQs
Adjusted Options Adjusted options are created as a result of a significant corporate event on the option s underlying stock such as a stock split, merger, acquisition, special dividend, spin-off, or reverse
UNDERSTANDING YOUR FORM W-2 AND 1042-S INFORMATION REGARDING YOUR FORM W-2 WAGE AND TAX STATEMENT
UNDERSTANDING YOUR FORM W-2 AND 1042-S INFORMATION REGARDING YOUR FORM W-2 WAGE AND TAX STATEMENT The Form W-2 is your wage and tax statement provided by your employer to provide information on your taxable
C. Business & Energy Tax Credits (Article 3B) 1. General Information a. Franchise, Income, or Gross Premium Tax Election (G.S. 105-129.
C. Business & Energy Tax Credits (Article 3B) 1. General Information (Applies to all credits under this article unless otherwise noted.) a. Franchise, Income, or Gross Premium Tax Election (G.S. 105-129.17(a))
Taxation of Nonresidents and Individuals Who Change Residency
State of California Franchise Tax Board Taxation of Nonresidents and Individuals Who Change Residency FTB Publication 1100 (REV 04-2014) For forms and information, go to ftb.ca.gov and search for forms
Tera Klutz, CPA Allen County Auditor. November 10, 2011
Tera Klutz, CPA Allen County Auditor November 10, 2011 Exemption = property is not taxable Churches, Charitable Organizations, etc. IC 6-1.1-10; IC 6-1.1-11 Deduction = reduces the taxable assessed value
CHAPTER VIII CONSUMPTION TAX. General
CHAPTER VIII CONSUMPTION TAX General Taxable Items General Transactions subject to Consumption Tax Criteria for Classification of Domestic and Overseas Transactions a. b. c. Non-taxable Transactions
2016 Texas Franchise Tax Report Information and Instructions Form 05-903 (11-15)
2016 Texas Franchise Tax Report Information and Instructions Form 05-903 (11-15) Topics covered in this booklet: Amended Reports... 10 Annual Reports... 4 Annualized Total Revenue... 3 Change in Accounting
Model S Corporation Income Tax Act
American Bar Association Section of Taxation Committee on S Corporations Subcommittee on the State Taxation of S Corporations June 1989 (Revised) Model S Corporation Income Tax Act Recommended (with Six
MAINE INSURANCE PREMIUMS TAX RETURN
FORM INS-4 MAINE INSURANCE PREMIUMS TAX RETURN WHO MUST FILE With the exception of captive insurance companies and risk retention groups, every insurance company, association, producer or attorney-in-fact
IMPORTANT INFORMATION FOR PREPARING YOUR 2013 INDIVIDUAL INCOME TAX RETURN
CMP 2011 RESOURCE LIMITED PARTNERSHIP ( CMP 2011 ) CMP 2011 II RESOURCE LIMITED PARTNERSHIP ( CMP 2011 II ) CANADA DOMINION RESOURCES 2011 LIMITED PARTNERSHIP ( CDR 2011 ) IMPORTANT INFORMATION FOR PREPARING
Advanced Generation-Skipping Transfer Tax Issues (With Forms) (Part 1)
Advanced Generation-Skipping Transfer Tax Issues (With Forms) (Part 1) Julie K. Kwon Julie K. Kwon is a partner in the Chicago office of McDermott, Will & Emery. Ms. Kwon chairs the Estate and Gift Tax
Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012
Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012 Public Schools Established by Minnesota Constitution ARTICLE XIII MISCELLANEOUS SUBJECTS Section 1. UNIFORM SYSTEM OF PUBLIC
Instructions for Form 3800
2014 Instructions for Form 3800 General Business Credit Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. Future Developments
State & Local Tax Alert Breaking state and local tax developments from Grant Thornton LLP
State & Local Tax Alert Breaking state and local tax developments from Grant Thornton LLP North Carolina Enacts Significant Income, Franchise and Sales Tax Legislation, Contingent Upon Further Legislative
Quiz Chapter 7 - Solution
Quiz Chapter 7 - Solution 1. In an income statement prepared as an internal report using the variable costing method, variable selling and administrative expenses would: A) not be used. B) be treated the
Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873
Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 (608) 266-3847 Fax: (608) 267-6873 June 5, 2001 Joint Committee on Finance Paper #104 Corporate Income and Franchise Tax -- Tax Treatment
Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide
Freedom Global IUL II SM Freedom Index Universal Life II SM Index Universal Life Insurance Offered by WRL Agent Guide AG05113-01/12 Western Reserve Life Assurance Co. of Ohio Thank you for your interest
STATE TAX INCENTIVES FOR LONG-TERM CARE INSURANCE Credit/Deduction
STATE TAX INCENTIVES FOR LONG-TERM CARE INSURANCE State / Alabama A deduction is allowed for the amount of premiums paid pursuant to a qualifying insurance contract for qualified longterm care coverage.
Arizona Form 2014 Credit for Taxes Paid to Another State or Country 309
Arizona Form 2014 Credit for Taxes Paid to Another State or Country 309 Phone Numbers For information or help, call one of the numbers listed: Phoenix (602) 255-3381 From area codes 520 and 928, toll-free
AN OVERVIEW OF STATE INCOME TAXES ARKANSAS AND SURROUNDING STATES
AN OVERVIEW OF STATE INCOME TAXES ARKANSAS AND SURROUNDING STATES A current topic of conversation among many who are concerned about economic development in Arkansas is how the State s taxation laws, particularly
SARSEP Salary Reduction Simplified Employee Pension
Internal Revenue Service Tax Exempt and Government Entities Employee Plans SARSEP Salary Reduction Simplified Employee Pension for Small Businesses Table of Contents What is a SARSEP?...1 Choosing a SARSEP....1
Who Must Make Estimated Tax Payments
2014 Form Estimated Income Tax for Estates and Trusts Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related
How To Know If You Can Pay Taxes In New Jersey
New Jersey Division of Taxation TAX OPICS Pensions and Annuities Bulletin GIT-1 Introduction This bulletin explains how to report pension and annuity income on your New Jersey gross income tax return.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1995 S 1 SENATE BILL 1303*
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION S SENATE BILL 0* Short Title: Authorize Medical Savings Accounts. (Public) Sponsors: Senators Forrester; Perdue, Parnell, and Carpenter. Referred to: Finance.