Accountants are looking at ways of ensuring employees don't become liable to extra tax.
Families who do not give up at least one son are liable to pay a tax.
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He will also freeze the threshold at which taxpayers become liable to pay income tax at 40% in 2012-13.
As buyers would have to live in their new homes for at least 180 days a year, they would also (very handily) be liable to pay American tax on any foreign earnings.
Anyone who spends more than 90 days in Britain in any one fiscal year (between the arcane dates of April 6th one year and April 5th the next) can become liable to British income tax.
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Shares held by individuals for more than one year will be liable to capital-gains tax.
Internal Revenue Code Section 6015(f) provides that where a requesting spouse does not qualify for relief under Section 6015(b), the IRS may nonetheless relieve her of liability for the tax deficiency on the joint tax return where it is inequitable to hold her liable for the tax.
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It is important to remember that any American or Frenchman, who decided to exercise their free will and legally sever their tax liability would be liable to pay all applicable taxes (income, capital gains, gift, wealth) right up until the moment that they left.
The employee will remain liable for the additional tax to the extent the employer does not withhold it.
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Ministers have also proposed that only the proportion of the price above the threshold would be liable to the higher rate of tax.
There seems to be a prevailing view that it is little short of scandalous that Goldman Sachs in the UK may defer the handing over of shares to its executives, so that they would be liable to next year's income tax rate of 45% on the payments rather than this year's 50% (see this morning's FT for more on this).
The Tax Court held she was liable for gift tax when she transferred the winning ticket to a family S corporation (she owned 49 percent).
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Under local law, after S1 distributed the note to A, S2 was relieved of its liability to S1 and was directly liable to A. Whether S2 is indebted to A rather than S1 is determined under general Federal tax principles and depends upon all of the facts and circumstances.
He also knocked a further percentage point off the top rate of income tax, to which all non-incorporated companies are liable.
Wood himself urges traditional married couples to consider filing separately because the law makes joint filers liable for the tax sins of their partners.
The FTT, before three judges, concluded in November, by a majority of two to one, that the EBT payments were loans, not earnings, and so were not liable for income tax.
Barbara Mikulski, a Maryland Democrat, has called on the IRS to suspend any penalties or interest owed by AccuPay's clients, who under the tax code are liable for any unpaid taxes.
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