Latest Ordinary income Stories

2010-12-08 10:57:00

NEW YORK, Dec. 8, 2010 /PRNewswire/ -- Recently enacted federal tax laws, credits and new compliance requirements coupled with the announcement of a likely extension of the Bush-era tax cuts creates new tax saving opportunities for individuals and businesses at year-end, according to Marcum LLP's annual Year-End Tax Guide, www.marcumllp.com/taxguide, issued today. Marcum's counsel comes on the heels of President Obama's announced compromise with Congressional Republicans to extend the...

2009-10-20 15:05:00

ATHENS, Greece, Oct. 20 /PRNewswire-FirstCall/ -- TOP Ships Inc. (Nasdaq: TOPS) (the "Company") today announced that it expects to be treated as a passive foreign investment company, or PFIC, for U.S. federal income tax purposes for 2009. Generally, a foreign corporation will be treated as a PFIC for U.S. federal income tax purposes if either (1) at least 75% of its gross income for any taxable year consists of certain types of "passive income" or (2) at least 50% of the average value...

2006-04-06 13:58:35

WASHINGTON (Reuters) - Congressional negotiators are close to a deal on a $70 billion tax cut package that would extend breaks for capital gains and dividends, House Majority Leader John Boehner said on Thursday. "I don't want to measure the chances of this, but there has been a lot of progress made in the last 24 hours," the Ohio Republican said. The House of Representatives and Senate could take the measure up as early as Friday, he said. The bill would extend the maximum...

Word of the Day
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'