Corporate tax in the United States

New Incentive in Georgia Creates Solution for State Tax Deduction Limitation

Retrieved on: 
Tuesday, July 13, 2021
Tax, Income taxes, Income tax in the United States, Economy, Tax deduction, State income tax, Taxation in Germany, Corporate tax in the United States

There is not expected to be a reduction in state income tax revenue resulting from entities making this election.

Key Points: 
  • There is not expected to be a reduction in state income tax revenue resulting from entities making this election.
  • If the entity-level tax election is made, ABC is allowed to deduct the entire $115,000.00 of state tax income tax on the partnership return as a business expense.
  • This will lessen the effect of losing the state income tax deduction and maximize tax savings.
  • In this case, it is possible that the additional state tax burden for the non-residents could outweigh the federal tax savings.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Friday, July 9, 2021
Professional services, Finance, Tax, Money, Finance, Income tax in the United States, Income tax, Alternative minimum tax, Legal entities, State taxation in the United States, International taxation, Taxation in the United States, Corporate tax in the United States

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Tuesday, June 8, 2021
Banking, Professional services, Finance, Tax, Money, Finance, Income tax in the United States, Income tax, Alternative minimum tax, Legal entities, State taxation in the United States, International taxation, Taxation in the United States, Corporate tax in the United States

Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Key Points: 
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the funds distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.
  • The price of a funds shares is determined by a number of factors, several of which are beyond the control of the fund.

CareTrust REIT, Inc. Announces Tax Treatment of 2020 Dividends

Retrieved on: 
Tuesday, January 26, 2021
Financial markets, Corporate finance, Shareholders, Finance, Form, Income tax in the United States, Income tax, Share, Taxation in the United States, Dividends, Dividend tax, Corporate tax in the United States

If you were a stockholder of record as of December 31, 2020, $0.00 is reported on your 2020 Form 1099and $0.25 will be reported on your 2021 Form 1099.

Key Points: 
  • If you were a stockholder of record as of December 31, 2020, $0.00 is reported on your 2020 Form 1099and $0.25 will be reported on your 2021 Form 1099.
  • The tax treatment of these dividends by state and local authorities varies and may not be the same as the IRSs treatment.
  • Because federal and state tax laws affect individuals differently, the Company cannot advise shareholders on how dividends should be reported on their tax returns.
  • The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these dividends.

Camden Property Trust Announces Tax Characteristics of 2020 Distributions

Retrieved on: 
Monday, January 25, 2021
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Economy, Shareholders, Taxation in Australia, Income tax in the United States, Dividends, Income tax, Taxation in the United States, Tax, International taxation, Taxation in New Zealand, Dividend tax, Corporate tax in the United States

The tax treatment of these dividends by state and local authorities may vary from the federal treatment.

Key Points: 
  • The tax treatment of these dividends by state and local authorities may vary from the federal treatment.
  • Because federal and state tax laws affect taxpayers differently, the Company cannot advise shareholders how dividends should be reported on their tax returns.
  • The Company encourages shareholders to consult their own tax advisors for the income tax consequences of the dividend payments outlined above.
  • Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

Invitation Homes Announces 2020 Dividend Tax Allocation

Retrieved on: 
Monday, January 25, 2021
Construction & Property, Residential Building & Real Estate, Economies, Taxation in Australia, Income tax in the United States, Dividend, Taxation in the United States, Income tax, Tax, Taxation in Canada, Taxation in New Zealand, Taxation in the United Kingdom, Dividend tax, Corporate tax in the United States

Invitation Homes Inc. (NYSE: INVH) (Invitation Homes or the Company) today announced the 2020 dividend allocation for federal income tax purposes for its Common Stock.

Key Points: 
  • Invitation Homes Inc. (NYSE: INVH) (Invitation Homes or the Company) today announced the 2020 dividend allocation for federal income tax purposes for its Common Stock.
  • Invitation Homes tax return for 2020 has not yet been filed.
  • Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders as to how dividends should be reported on their tax returns.
  • Invitation Homes encourages shareholders to consult with their own tax advisors with respect to federal, state, and local income tax effects on these dividends.

ELS Announces Tax Treatment of 2020 Distributions

Retrieved on: 
Friday, January 22, 2021
Other Construction & Property, Residential Building & Real Estate, Construction & Property, REIT, Taxation in Australia, Income tax in the United States, Ex-dividend date, Income tax, Tax, International taxation, Taxation in Canada, Corporate taxation in the United States, Economy, Corporate tax in the United States, Foreign tax credit

The common stock distribution with a record date of December 27, 2019, paid on January 10, 2020, is a split-year distribution with $0.015462 considered a distribution made in 2020 for federal income tax purposes.

Key Points: 
  • The common stock distribution with a record date of December 27, 2019, paid on January 10, 2020, is a split-year distribution with $0.015462 considered a distribution made in 2020 for federal income tax purposes.
  • The common stock distribution with a record date of December 24, 2020, paid on January 8, 2021, is a split-year distribution with $0.254699 considered a distribution made in 2020 and $0.087801 allocable to 2021 for federal income tax purposes.
  • Stockholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from us.
  • As of October 19, 2020, we owned or had an interest in 415 quality properties in 33 states and British Columbia consisting of 157,690 sites.

Gaming and Leisure Properties Inc. Announces 2020 Distribution Tax Treatment

Retrieved on: 
Friday, January 22, 2021
Taxation in the United States, Tax forms, Income tax in the United States, Income tax, Tax return, Tax, Taxation in Canada, Alternative minimum tax, Corporate tax in the United States

Gaming and Leisure Properties tax return for the year ended December 31, 2020, has not been filed.

Key Points: 
  • Gaming and Leisure Properties tax return for the year ended December 31, 2020, has not been filed.
  • As a result, the income tax allocation for the distributions discussed above has been calculated using the best available information as of the date of this press release.
  • Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders on how distributions should be reported on their tax returns.
  • Shareholders are encouraged to consult with their own tax advisors as to their specific federal, state, and local income tax treatment of the Companys distributions.

PS Business Parks, Inc. Announces Tax Treatment of 2020 Dividends

Retrieved on: 
Wednesday, January 20, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Finance, Tax, Shareholders, Ordinary income, Dividends, Qualified dividend, Real estate investment trust, Corporate finance, Dividend tax, Corporate tax in the United States

PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Companys 2020 dividends.

Key Points: 
  • PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Companys 2020 dividends.
  • The Company did not declare a capital gain distribution, nor did it have any undistributed long-term capital gain for 2020.
  • The ordinary income dividends are not qualified dividend income for purposes of determining dividends that are taxed as net capital gain.
  • For shareholders other than corporations, the ordinary dividends are qualified REIT dividends under the qualified business income provisions enacted as part of the Tax Cuts and Jobs Act of 2017.

Public Storage Announces Tax Treatment of 2020 Dividends

Retrieved on: 
Wednesday, January 20, 2021
Commercial Building & Real Estate, Construction & Property, Real estate investment trust, Dividend, Public Storage, Tax Cuts and Jobs Act, Service companies, Dividend tax, Companies, Finance, Corporate tax in the United States

Public Storage (NYSE:PSA) announced today the tax treatment of the Companys 2020 dividends.

Key Points: 
  • Public Storage (NYSE:PSA) announced today the tax treatment of the Companys 2020 dividends.
  • The Company did not declare a capital gain distribution, nor did it have any unrecaptured section 1250 gain for 2020.
  • For shareholders other than corporations the ordinary dividends are qualified REIT dividends under the qualified business income provisions enacted as part of the Tax Cuts and Jobs Act of 2017.
  • Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities.