tax costs

tax costs

n. a motion to contest a claim for court costs submitted by a prevailing party in a lawsuit. It is called a "Motion to Tax Costs" and asks the judge to deny or reduce claimed costs. Example: a winning party claims a right to have his/her attorneys fees and telephone bills paid by the loser, even though they are not allowable as costs under state law or the contract which was the subject of the suit. So the loser makes a "Motion to Tax Costs" to avoid paying these charges. (See: cost bill)

Mentioned in ?
References in periodicals archive ?
FERC, held that FERC failed to demonstrate there was no double recovery of income tax costs when permitting SFPP, L.
Fidelity said in a statement that it believes investors should generally avoid using proceeds from a Roth IRA conversion to pay the tax costs because that reduces the amount that can potentially grow federally tax free and could offset any tax savings gained by converting.
This includes estimates of the current and projected group premiums for the executive's coverage under the group plan, together with the after-tax costs of bonuses, if any, given the executive to cover his tax cost of amounts of coverage in excess of $50,000.
broader objective to reduce tax costs on financial flows in the internal
In six months, tax costs will rocket from pounds 500 to pounds 3000 - equivalent to the cost of driving a pounds 20,000 car.
Put simply, tax costs matter (as do labor and other costs), and the choice between a domestic and foreign location for a new plant can be significantly affected by the tax costs associated with each venue.
Regardless of the type of transaction involved, the book's emphasis is to show tax advisers how to pare the tax costs of transactions to the absolute minimum.
said the current tax costs California smokers more than $1 billion a year.
And, of course, two or three decades' worth of experience with state and local pension funds for teachers, firemen, and other public employee groups revealed the inevitable pressures to increase benefits, defer tax costs, and shift burdens to future generations.
Testimony also has been given supporting the restoration and expansion of the self-employed medical insurance deduction and reduction of the estate tax costs of family-owned businesses.
However, it can improve a company's worldwide bottom line by reducing overseas tax costs and reducing its global tax burden.
Tax Planning: Creative assignment planning and compensation structuring to minimize tax costs to the company and individual associated with an international assignment or transfer