Word: minimum
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Dates: during 2000-2009
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More than 3,500 small businesses received an unusual injunction from the IRS in June: Stop paying unnecessary taxes! Five years ago, the government repealed the alternative minimum tax (AMT) for small corporations, but thousands of them, confused by the law, have continued to pay. At the insistence of Senators Christopher Bond of Missouri and Olympia Snowe of Maine, the IRS is alerting businesses by mail. Those who have paid the AMT in error will have to file an amended return, Form 1120X, to get a refund. "These businesses will now have to spend even more money on tax accountants...
...will qualify for the lower dividend tax rate only if you own your shares for at least 60 days before the dividend is paid. What's more, says Seidel, the fat yields on preferred stocks can nudge some middle-income investors past the point at which the dreaded alternative minimum tax kicks in. Check with your accountant first. --With reporting by Tara Kalwarski
While its current four-year contract is up on July 1, HUSPMGU wages were renegotiated last May in line with HCECP recommendations, increasing the minimum wage paid to security guards from $8.75 an hour to $12.25 an hour. Entry-level wages rose further last July, to $12.70. Though entry-level salaries were raised dramatically, all of the in-house security guards earned $11.97 before the renegotiation, more than the $10.68 minimum-wage named by the report...
...College had agreed to grant Rigby credit for his military training, but not enough—he fell one half-credit short of the minimum requirement for a degree, and he could never make it back to Cambridge to take that final class...
...Bugbear virus, what I can gather from around campus, affected a minimum number of machines here; it was pretty small,” he said. “What was more disturbing, I would say, is that people were getting e-mails from others that looked like they were sort of private correspondence...