Tax basis may be relevant in other tax computations.
If the former were true, he could take advantage of a special tax computation known as 10-year averaging.
Poor liaison with clients means that decisions about elements of the tax computation will be made without the client being advised.
Procedures for preparation of tax computations will have to be reviewed to ensure easy transfer of figures on to the new returns.
In addition, examples of tax computations are shown to demonstrate some of the steps that should be taken before filing a Form 1040.
Many jurisdictions incorporate some sort of alternative tax computation.
Companies sometimes by mistake submit more information than they need, e.g. internal tax computations that do not form part of the statutory accounts.
When an individual is hit by this tax, most deductions become useless because they are not allowed in the alternative tax computation.
State taxes are generally treated as a deductible expense for federal tax computation.
He said it would delay the establishment of the Foundation, but it might well make the tax computations easier for all concerned.