3. a person who is exempt from an obligation. [1325–75; Middle English < Old French < Latin exemptus, past participle of eximere to take out, free =ex- ex-1 + -imere, comb. form of emere to buy, orig., to take] ex•empt′i•ble, adj. Random House Kernerman Webster'...
Form 8038-R Form 8038-T Form 8160-T References in periodicals archive ? UBTI from operations is thus isolated in OpCo, which is generally a corporation, and gain from the sale (generally not subject to UBIT) flows through PropCo to the tax exempt investors. Is the New York hotel industry...
Carmody, Cris
condominium, mobile home, boat or similar structure for your business on a regular basis. This also includes structures on your property, such as an unattached studio, barn, greenhouse or garage. It doesn't include any part of a taxpayer's property used exclusively as a hotel, motel, inn, ...
Unfortunately, nationwide, non-profit hospitals are abusing their tax-exempt status and offering very minimal care. Take, for example, NewYork-Presbyterian; it labels itself as a non-profit, even though they enjoy a hefty double-digit profit margin and are the most expensive hospital in our sta...
The bottom line is that thereshould not be any capital gains tax. It’s avery destructive formofdouble taxation. As such, the Harris plan toexpand this destructive levyis a “nutty idea.” P.S. A lot of my lefty friends are upset that theWashington Postis not endorsing Harris. My perso...
The fact that the first $5.43 million of an estate’s value is exempt from this tax makes it much less egregious than it appears at first glance. Because the vast majority of persons do not have an estate valued at more than $5.43 million, only about one percent are affected by this ...
The validity of the deduction would depend on the exempt status of the recipient organization, which would then become an issue ripe for adjudication. But that route was usually unattractive. The IRS might not audit the donor's return. If it did audit the return, every issue that might be ...
tobacco, and fuels. Sales tax is typically applied to all individual transactions, regardless of the goods sold, meaning it applies to many different types of goods. (There are some exceptions to this depending on the state. In New York, for example, grocery items are exempt from sales tax...
The SELLER, as a municipal corporation, is exempt from the New Hampshire Real Estate Transfer Tax (RSA 78-B:2, I). In this area the recorder will provide the following information: Date of Recording, Book and Page Number or Instrument Number, County, or Real Estate Transfer Tax. In 1989...