tax consequences definition

tax consequences to a person means the amount of income, taxable income, or taxable income earned in Canada of, tax or other amount payable by or refundable to the person under this Act, or any other amount that is relevant for the purposes of computing that amount;
tax consequences to a corporation means the amount of

More Definitions of tax consequences

tax consequences to a person means
tax consequences to a person means the amount of tax, net tax, input tax credit, rebate or other amount payable by, or refundable to, the person under Part IX, or any other amount that is relevant to the purposes of computing that amount;
tax consequences. Client understands that savings realized from the use of a debt- relief service may be taxable income. Client may be liable for federal and state taxes in the amount of the debt forgiven by Client's creditors. Therefore, the use of the debt-relief service is likely to affect Client's creditworthiness adversely, may result in being sued by Client's creditors, and may increase the amount owed to creditors as a result of the accrued interest and additional fees. CREDIT RATING: Client has not hired OVLG to provide any "Credit Repair" services. Client acknowledges that a debt settlement may result in derogatory credit information being transmitted to the credit reporting agencies by Client's creditors. Once the debt is settled, Client's credit report will show "settled for less than full amount," "paid as agreed," or "paid settled". Client has hired OVLG solely to settle Client's debts, not to improve his/her credit rating. FEES IN CASE OF DROPOUT: Client can stop working with OVLG without any penalty. The Trust Account balance will be refunded within 7 business days (minus any fees OVLG has earned).
tax consequences. Xxxxx has made no representations regarding the tax consequences of this contract.
tax consequences. The following discussion assumes that Executive will not make a Section 83(b) election under Section 83(b) of the Internal Revenue Code with respect to the Restricted IDS Units. Neither the funding of the Restricted IDS Units into the IDS Escrow Account nor the payment of distributions by Newco on unvested Restricted IDS Units is expected to create any federal income tax liability for the Executive. Upon vesting, the Executive will recognize compensation income equal to the fair market value of the vested Restricted IDS Units at such time (and the vested Restricted IDS Units will be distributed to the Executive). The Executive's tax basis in the vested Restricted IDS Units will be equal to such fair market value, and will be allocated between the common stock and the subordinated note comprising the Restricted IDS Unit based on their relative fair market values; this may result in original issue discount on the subordinated note.
tax consequences. , in relation to a person, means any amount of tax or another amount that is payable or refundable to the person under this Act or that is relevant for the purposes of calculating that amount;