41. Corporations are subject to a tax on alternative minimum taxable income, which covers more types of income than the ordinary income tax. 42. Corporations currently are able to reduce their taxable income by the amount of interest they pay on all their bonds. 43. Do I have to determine a theoretical value for the stock and report it as taxable income? 44. Do I need to report it as taxable income to the Internal Revenue Service? 45. Deductions help lower taxable income, so the more the merrier. 46. Deductions reduce the amount of your taxable income. 47. Do I need to report it as taxable income? 48. EDUCATIONAL BENEFITS AT WORK The new law retroactively extends a provision that exempts from taxable income certain employer-sponsored educational benefits, like tuition reimbursement. 49. Dreyfus Premier Tax Managed Growth aims for long-term capital appreciation consistent with minimizing realized capital gains and taxable current income by investing in large growth companies. 50. Either that or they must declare the price of the flight as taxable income. |