Examples of Regular tax in a sentence
The additional liability allocated to each Member will be equal to 100% of the excess, if any, of (1) the Separate Return Regular Tax Liability of such Member for the taxable year, over (2) the allocated tax liability determined under Section 3.1(a) above.
If IRA: [ ] Regular Tax Year Amount $ ------ ---------- Tax Year Amount $ ------ ---------- [ ] Rollover Amount $ ---------- [ ] Trustee to Trustee Transfer Amount $ ---------- 5c.
Consolidated AMT shall be allocated to each such subsidiary by multiplying Consolidated AMT by a fraction the numerator of which is the amount by which the subsidiary's Separate Return Tentative Minimum Tax exceeds such subsidiary's Separate Return Regular Tax and the denominator of which is the sum of the amounts by which the Separate Return Tentative Minimum Tax of the subsidiaries to which an allocation of Consolidated AMT is made exceeds the Separate Return Regular Tax allocated to such subsidiaries.
Interest will be allocated in the following manner: Members entitled to refunds will be allocated interest at the IRS Overpayment Rate; then, as to the remaining Members, the amount of such allocated interest plus the amount of any interest to be paid to the IRS will be allocated to such remaining Members in proportion to each Member's increase in Separate Return Regular Tax Liability.
The additional liability amount allocated to each Member will be equal to 100% of the excess, if any, of (l) the Separate Return Regular Tax Liability of such Member for the taxable year, over (2) the allocated tax liability determined under Section 3.1(a) above.
An additional liability amount will be allocated to each Member which, as a result of net operating losses, excess charitable contributions, foreign tax credits, investment tax credits or similar items arising from or generated by the activities of another Member or Members in either a separate return year or a consolidated return year, has an allocated tax liability determined under Section 3.1(a) above that is smaller than its Separate Return Regular Tax Liability.
For each taxable year or part thereof ending after the Effective Date that a Subgroup is included in the TCI Affiliated Group, TCI shall compute (i) the Regular Tax Benefit of the Subgroup for such taxable year or part thereof and (ii) if the TCI Affiliated Group is liable for Alternative Minimum Tax, the Alternative Minimum Tax Benefit of the Subgroup for such taxable year or part thereof.
For each taxable year or part thereof ending after the Effective Date that a Subgroup is included in the TCI Affiliated Group, TCI shall compute (i) the Regular Tax Liability of the Subgroup for such taxable year or part thereof and (ii) if the TCI Affiliated Group is liable for Alternative Minimum Tax, the Alternative Minimum Tax Liability of the Subgroup for such taxable year or part thereof.
The consolidated alternative minimum tax liability will be allocated for any Consolidated Group Return year to each Member whose Separate Return Tentative Minimum Tax Liability exceeds its Separate Return Regular Tax Liability.
If IRA: [ ] Regular Tax Year ______ Amount $ __________ [ ] Rollover Amount $ __________ [ ] Trustee to Trustee Transfer Amount $ __________ 4c.