Using the "with-and-without" method of calculating deferred
taxes, the tax provision is shown below.
taxes associated with the amortization for tax purposes of the goodwill associated with the acquisition of the operations of Vertical Networks and Comdial Corporation for the fourth quarter of fiscal 2006 was $0.
409A's scope beyond what was traditionally considered to be deferred
compensation, to include traditional bonus and salary deferral programs and supplemental executive retirement plans, as well as certain stock-based compensation, taxable fringe benefits and severance-pay arrangements.
All amounts deferred
must be reported to the IRS on form W-2 or form 1099.
A provision allowing the employee to accelerate payment did not cause the deferred
amount to be taxable ab initio if there was a meaningful "cost" to the employee to elect accelerated payment, such as a reduction in the amount payable ("haircut"), or a period of suspended participation.
Second, the distribution restrictions in the law provide that deferred
compensation cannot be distributed any earlier than one of six specified events:
Now, under EGTRRA, an organization can provide more than double the pre-tax deferred
benefits than could be provided prior to its passage.
taxes are reversed if and when the goodwill is disposed of or if it becomes impaired, says Giannini.
The problem is that the state treats deferred
maintenance - something that might better be described as neglect - as an ongoing program.
The company also announced that it had obtained the requisite consents to the modification of certain terms of the indenture under which the Deferred
Debentures were issued and was, therefore, not extending its solicitation of consents from the holders of the Deferred
DOI Income will also be deferred
to the extent that a debtor is insolvent.
Probably the most important change is that of adopting the liability approach to income tax allocation as compared to the deferred
method approach that was adopted by APB Opinion No.
If 4 percent of the voting power of the stock is owned by the president and the remaining stock is so diversely held by the public that the president, in effect, controls the corporation," says Hesch, "then the possibility of the corporation enforcing a restriction on the right to deferred
compensation of the president is not substantial.
prosecution will always entail cooperation with any continuing investigation, an acknowledgement of wrongdoing, the payment of tax, interest, and civil penalties, and enhanced compliance and ethics programs and training.
maintenance backlog is the quantification of accumulated maintenance projects left unaddressed.