Search Results for 'Income tax in the United States'

Q. I am a property developer with significant unrealized losses on my residential property land bank. I understand that the use of these losses has been severely restricted and I cannot use them against future income. Is that correct?

Q. I am a property developer with significant unrealized losses on my residential property land bank. I understand that the use of these losses has been severely restricted and I cannot use them against future income. Is that correct?

Even in the current market climate Revenue officials are continuing to focus on certain business sectors for potential tax issues. At present, we understand that a number of cash businesses in the County Galway area have been visited by Revenue officials and these visits are expected to continue.

More local students will be awarded the maintenance grant for the coming year thanks to the increase in the qualifying income limit, according to local Fianna Fáil TD Noel Treacy.

The Commission on Taxation report was published on September 7. This detailed document includes nearly 250 recommendations and is likely to have a considerable impact on Irish tax policy in the future. The report aims to broaden the tax base and to stabilise exchequer returns.

Galwegians could be taking to the streets in protest before the end of the year if the combined affects of NAMA, taxes on child benefit and water services, and the expected savage Budget punish ordinary people for the recklessness of the banks, property developers, and the Government.

The shock of Ireland’s economic collapse has abated. The anger is now starting to gain heat. It is disingenuous of the Government to repeat the mantra that now is not the time to look back and apportion blame, but to look forward to ways in which we can arise again. As we are all taught through the history books, it is only by looking back that we can learn and move forward. Half-hearted apologies by the Taoiseach Brian Cowen, prompted only by the prodding of RTE’s Ryan Tubridy on the Late Late Show, do no appear to wash with the electorate. Who will hold their hands up, be accountable, and take the rap?

The Commission on Taxation report was published on September 7. This detailed document includes nearly 250 recommendations and is likely to have a considerable impact on Irish tax policy in the future. The report aims to broaden the tax base and to stabilise exchequer returns.

Two Galway solicitors made the highest Revenue settlements during the second quarter of this year, according to figures released this week by the Revenue Commissioners.

Three Galway people made tax settlements totalling close to a quarter of a million euro during the third quarter of the year, according to figures released by the Revenue Commissioners this week.