District of Columbia Letter to Stockholders regarding authorization and sale of preferred stock and stock transfer restriction to protect tax benefits

State:
Multi-State
Control #:
US-CC-4-418
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Letter to Stockholders Re: Authorization and Sale of Preferred Stock and Stock Transfer Restriction to Protect Certain Tax Benefits document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

The assessment cap credit generally provides that a real property may not be taxed on more than a 10% increase in the property's taxable assessment each year.

Assessment Cap Credit The Assessment Cap currently provides that a property may not be taxed on more than a 10 percent increase in the property's assessed value each year.

The tax rate is 1% of the total home value and the rate can only increase a max of 2% per year.

The senior assessment cap credit generally provides that a real property may not be taxed more than a 2 percent increase in the property's taxable assessed value of your property on the tax roll or the assessment notice, but it will appear as an automatic credit on your real property tax bill.

You can file Personal Property Tax Form FP-31 online by signing up for a MyTax.DC.gov account. The deadline for filing and paying your return via MyTaxDC.gov is July 31 every year. Even if your personal property's value is $225,000 or less, you must still file the Personal Property Tax return.

The District of Columbia Earned Income Tax Credit (EITC) is a refundable tax credit designed especially for low- and moderate-income workers. Because the EITC is a refundable credit, a person who qualifies for this credit may receive a refund even if he or she does not owe any taxes for the year.

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District of Columbia Letter to Stockholders regarding authorization and sale of preferred stock and stock transfer restriction to protect tax benefits