Word: withdrawal
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...residents are subject to it, and it causes some talented taxpayers to flee. Take entrepreneur Denis Payre. In 1990, he co-founded a French software company called Business Objects. The company quickly took off, and was listed on the nasdaq in 1994. By 1997, Payre was looking to withdraw from the day-to-day business. "I had to travel around the world constantly, and I had married and wanted to get to know my kids," he says. That's when the troubles started. As long as he was actively managing the firm, he was exempt from the wealth tax. When...
...CONCERNS. You'll forgo some tax benefits associated with investing in real estate, says Islandia, N.Y., financial planner Michael Kresh. You usually can't deduct depreciation, and when you begin withdrawing money from a traditional IRA or SEP-IRA, those funds will be taxed as regular income. Since a Roth IRA lets you withdraw funds tax free after age 59 1/2, that may be your best option...
Also in May, Pring-Wilson’s attorney, Jeffrey A. Denner, filed to withdraw from the case, citing “irreconcilable differences” and “a breakdown in communication” with the defendant...
...principles of economics were too much for Jonathan J. Ledecky ’79 to handle his first year at Harvard: he had to withdraw from Ec10 after failing a first-semester midterm...
...Harvard, Ledecky continued his extensive extracurricular involvement, comping the radio station—WHRB—and The Crimson both in his first semester. And although he made both, he had to withdraw from Ec10 as a result of his focus on extracurriculars...