Taxable income in the next five years is expected to be sufficient to absorb any net deferred
Gross margin associated with the deferred
revenue for the fourth quarter of fiscal 2006 was $1.
The restrictions on deferral elections and distributions apply to deferred
compensation that becomes vested, or is granted, on or after Jan.
Among the arrangements that must comply are IRC section 401(k) mirror, shadow and tandem plans; IRC section 457(f) plans; certain stock option and stock appreciation rights; and phantom restricted and deferred
Qualified" versions of deferred
compensation, such as pension and profit sharing plans, are covered by extensive statutory and regulatory provisions which provide special tax benefits.
Under the new law, if a deferred
compensation plan does not comply, deferred
amounts will be includable in income and will be subject to a penalty of interest at the underpayment rate plus 1 percent, and an additional 20 percent tax penalty.
compensation is compensation that, while earned now, is paid to you or made available at a later date.
The new accounting standards do not change the rules set forth in FAS 109 about deferred
The current system of funding K-12 ongoing maintenance and deferred
maintenance creates counterproductive fiscal incentives that encourage K-12 districts to defer maintenance,'' Hill said.
June 17 /PRNewswire/ -- Levitz Furniture Incorporated, formerly LFC Holding Corporation, announced today that it had extended its cash tender offer to purchase all of its outstanding Senior Deferred
Coupon Debentures due 2002 to 6 p.
DOI Income can be deferred
under the following circumstances: * When a debtor is partially discharged from a purchase money mortgage (i.
96 related to recognition, measurement and recording of deferred
tax liabilities and assets by presenting a flow-chart and a set of examples that portray the logic and concepts underlying the new standard.
income must remain in the plan for at least five years.
16) KPMG Deferred
Prosecution Agreement, supra note 14, at [paragraph] 3.
But as the infrastructures of the nation's institutions age, planning and budgeting for deferred
maintenance are increasingly crucial to the cost-effective operation of a campus.