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Taxable Income News is an EIN News Service for finance industry professionals. Constantly updated news and information about finance.
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Latest Taxable Income News

  • Ireland - Drop in farm incomes 25 Nov 2009 00:41 GMT
    ... budget the Government must reform the Income Levy system by applying it to the taxable income after the deduction of capital allowances, ensuring equitable treatment of all tax-payers. The IFA ...

  • Your primer to house tax 24 Nov 2009 23:50 GMT
    ... value, deductions detailed below are allowed under Section 24, and the balance is the taxable income under the head 'Income from House Property'. Section 24 offers two deductions. The first ...

  • Halliburton Provides Update on Mexico Operations 24 Nov 2009 21:50 GMT
    ... compliance with laws related to income taxes and assumptions regarding the generation of future taxable income; unsettled political conditions, war, and the effects of terrorism, foreign operations, and foreign exchange ...

  • Halliburton Provides Update on Mexico Operations (BIZ) 24 Nov 2009 21:50 GMT
    ... compliance with laws related to income taxes and assumptions regarding the generation of future taxable income; unsettled political conditions, war, and the effects of terrorism, foreign operations, and foreign exchange ...

  • Law : Taxing Situation 24 Nov 2009 19:52 GMT
    ... new forms must be filed electronically. The tax rate will jump from 5.3% on taxable income to 9.5% in 2009, but the rate will drop to 8.75% in 2010, 8.25% ...

  • Oprah Bails Mom Out 24 Nov 2009 19:51 GMT
    ... it was NOT tainted with the lawsuit. Read more: 7. Anything over $11,000 is taxable income to the mother. I hope she remembers to pay taxes on that. 8. Her ...

  • Private Equity Inv Half-yearly Report 24 Nov 2009 18:26 GMT
    ... an Investment Trust. There is expected to be an excess of management expenses over taxable income and therefore there is no liability to Corporation Tax during the half-year to 30 ...

  • Letters to the Editor: Nov. 24 24 Nov 2009 16:55 GMT
    ... cost as an operating expense and it is not counted as part of your taxable income. But if you buy your own insurance, it's a different story. If you have ...

  • The sentencing judge will have some 'discression' 24 Nov 2009 16:30 GMT
    ... of preparing returns that deducted the "value of labor" on tax returns to zero-out taxable income. Once when Mr. Saladino was ordered to put a copy of an injunction against ...

  • Roth Rules for Retirees: Know Your Tax Bracket 24 Nov 2009 15:30 GMT
    ... taxed. If you converted the entire account in 2010, you’d add $23,000 to your taxable income. That could easily lift you into a higher tax bracket. Fortunately, the same law ...

  • Eagle's Eye: Recession is dead, long live capitalism 24 Nov 2009 14:53 GMT
    ... a general rule you can claim a deduction or Rs 1.50 lacs from your taxable income against the interest paid on the housing loan. The repayment of principal amount of ...

  • The R1 stadium bungle 24 Nov 2009 13:51 GMT
    ... some creative account to consistently show zero profit, or even losses, and therefore no taxable income - and therefore no revenue sharing! typical - all politicians think R100,000 is immaterial ...

  • How to end child poverty: Tax the rich 24 Nov 2009 11:17 GMT
    ... increase in income tax on those earning more than $250,000 a year (whose average taxable income is $600,000). While leaving them with very high incomes, this would provide $3.7-billion in ...

  • How to claim exemptions 24 Nov 2009 10:38 GMT
    ... Each exemption you claim on your 2006 return reduces your taxable income by $3,300. According to the IRS, you will lose all or part of the ...

  • While Wall Street Scores Big, Main Street Loses Out (Again) 24 Nov 2009 10:33 GMT
    ... record profits. Because companies may apply losses incurred in earlier years to reduce current taxable income, the New York State comptroller estimates that these firms may pay 20 percent less ...


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