HOSPITALITY PROP FUND B- HPB
The following rates were determined for plan years beginning in the month shown below. This Memorandum of Understanding may be terminated by either Contracting Party giving written notice of termination through diplomatic channels. Secure stable income strategy, with a 22 year unexpired lease. Appreciate the story line and the effort to present it. The Conventional Partition System can be removed only by demolition, and, once removed, neither the Conventional Partition System nor its components can be reused.
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Stamp Duty Basics for Property. Buying or Acquiring Property-Holding Entities. Selling or Disposing Property-Holding Entities. To cater for more diverse fund structures, tax exemption under the Enhanced-Tier Fund Scheme will be extended to all fund vehicles constituted in all forms. Besides companies, trusts and limited partnerships, all fund vehicles will be able to qualify for the Enhanced-Tier Fund Scheme if they meet all qualifying conditions.
The scope of trading in loans and their related collaterals is expanded to include collaterals that are prescribed infrastructure assets or projects. The change will apply to income derived on or after 1 January in respect of new and renewal awards approved on or after 1 June Extend the tax deduction for banks including merchant banks and qualifying finance companies for impairment and loss allowances made in respect of non-credit-impaired financial instruments.
Payments made under cross currency swap transactions made by Singapore swap counterparties to issuers of Singapore dollar debt securities;. Payments made under interest rate or currency swap transactions by financial institutions;. Specified payments made under securities lending or repurchase agreements by specified institutions; and.
Interest on margin deposits paid by members of approved exchanges for transactions in futures; and. Interest on margin deposits paid by members of approved exchanges for spot foreign exchange transactions other than those involving Singapore dollar.
The change in b will take effect for payments under agreements entered into on or after 20 February Payments made under over-the-counter financial derivative transactions by companies with FSI-Derivatives Market awards that were approved on or before 19 May The change in c will take effect for payments under agreements entered into on or after 1 January ;.
Unless the WHT exemptions under a and b are extended, the WHT exemptions will cease to apply to payments that are liable to be made under agreements entered into on or after 1 January WHT exemptions will continue to apply to payments that are liable to be made on or after 1 January , under agreements entered into on or before 31 December To strengthen our primary dealer network and encourage trading in SGS, the tax exemption on income derived by primary dealers from trading in SGS will be extended till 31 December This change will take effect for capital expenditure incurred between 20 February and 31 December , inclusive of both dates.
Introduce a review date for the Withholding Tax "WHT" exemption on container lease payments made to non-resident lessors. A review date of 31 December will be introduced to ensure that the relevance of the scheme is periodically reviewed.
This means that unless the scheme is extended, such payments accruing to a non-resident lessor under any lease or agreement entered into on or after 1 January in respect of the use of a qualifying container for the carriage of goods by sea will be subject to WHT.
Cheryl has over 25 years of hospitality experience comprising consulting, asset management, valuation, finance, and operations. Jim has over 25 years of experience in the service industry, driving financial success as a Chief Financial Officer and Principal. Jim has brokered, negotiated, and spearheaded the sale of multiple corporations, overseeing the transactions through completion. Jim works directly with Boards of Directors, leading the process with accounting firms, attorneys, insurance companies and financial institutions and has assisted organizations with structuring and creating entities to realize their optimum performance.
He received his undergraduate degree from Purdue University, Bachelor of Science from the Krannert School of Management with a concentration in Accounting. Larry joined Fulcrum following a twenty-three year career in the hospitality industry covering hotel operations, casino operations, financial leadership, development and senior-level asset management.
Larry received his degree from Emory University, School of Business. Ellen is an expert in matters related to hotel investments and asset management including acquisitions, joint ventures, equity and debt financings, management contracts and value enhancement.
Most recently, Ellen was EVP of Acquisitions and Development at Denihan, an owner and operator of boutique hotels in major urban markets. Ellen is a graduate of the Cornell School of Hotel Administration. Do not attach Form to your Form EZ. See below for more information. You are using an extension based on the extended due date of your federal income tax return. See the Note below. You must file Form with the IRS. Approved copies of the Form will not be returned to the filer.
A copy of the completed extension request must be retained with the plan's records. Line A of the Form asks for "Name of filer, plan administrator, or plan sponsor. Filers are automatically granted an extension of time to file Form EZ until the extended due date of the federal income tax return of the employer and are not required to file Form if all of the following conditions are met.
The employer has been granted an extension of time to file its federal income tax return to a date later than the normal due date for filing the Form EZ; and. A copy of the application for extension of time to file the federal income tax return is retained with the plan's records. Be sure to check box B at the top of the form. An extension granted by using this exception cannot be extended further by filing a Form after the normal due date without extension of Form EZ.
Check box C if the return is filed by a foreign plan. The IRS Late Filer Penalty Relief Program for late annual reporting for non-Title I retirement plans provides administrative relief to plan administrators and plan sponsors from the penalties otherwise applicable under sections e and for failing to timely comply with the annual reporting requirements imposed under sections e , , and The return must still be marked as described in Rev.
Please be aware that each submission under the program must include a completed paper copy of Form attached to the front of the oldest delinquent return in the submission. Form can be found at www. Enter the three-digit plan number PN that the employer assigned to the plan. Plans should be numbered consecutively starting with Once a plan number is used for a plan, it must be used as the plan number for all future filings of returns for the plan, and this number may not be used for any other plan even after the plan is terminated.
Each row is designed to contain specific information regarding the employer. Please limit your response to the information required in each row as specified below.
Enter in the second row the trade name if different from the name entered in the first row. Enter in the fourth row the street address. A post office box number may be entered if the Post Office does not deliver mail to the employer's street address.
Enter in the fifth row the name of the city, the two-character abbreviation of the U. You can use Form B, Change of Address or Responsible Party — Business, to notify the IRS if you changed your business mailing address, your business location, or the identity of your responsible party. For foreign addresses, enter the information in the order of the city or town, state or province, country, and ZIP or foreign postal code.
Follow the country's practice in placing the postal code in the address. Do not abbreviate the country name. Enter the employer's nine-digit employer identification number EIN. Do not enter a social security number SSN. Employers without an EIN must apply for one as soon as possible. You can apply for an EIN: The online application process is not yet available for plans with addresses in foreign countries.
Foreign plans may not apply for an EIN online but must use one of the other methods to apply. However, foreign plans may call not a toll-free number to apply for an EIN or fax the form to Enter the six-digit applicable code that best describes the nature of the plan sponsor's business from the list of principal business activity codes later in these instructions. Each row is designed to contain specific information regarding the plan administrator.
Please limit your response to the information required in each row of boxes as specified below. Enter in the first row the name of the plan administrator unless the administrator is the employer identified in line 2a. If this is the case, enter the word "Same" on line 3a and leave the remainder of line 3a, and all of lines 3b and 3c blank. Enter in the third row the street address.
A post office box number may be entered if the Post Office does not deliver mail to the administrator's street address. Enter in the fourth row the name of the city, the two-character abbreviation of the U. Enter the plan administrator's nine-digit EIN.
If the plan administrator does not have an EIN, apply for one as explained in the instructions for line 2b. Enter the plan administrator's telephone number including the area code. Enter the total number of participants at the beginning of the plan year. Enter the total number of active participants at the beginning of the plan year. Enter the total number of active participants at the end of the plan year. Active participants for example, any individuals who are currently in employment covered by the plan and who are earning or retaining credited service under the plan including: Any individuals who are eligible to elect to have the employer make payments under a section k qualified cash or deferred arrangement, and.
Any nonvested individuals who are earning or retaining credited service under the plan. Retired or separated participants receiving benefits for example, individuals who are retired or separated from employment covered by the plan and who are receiving benefits under the plan.
This category does not include any individual to whom an insurance company has made an irrevocable commitment to pay all the benefits to which the individual is entitled under the plan. Other retired or separated participants entitled to future benefits for example, any individuals who are retired or separated from employment covered by the plan and who are entitled to begin receiving benefits under the plan in the future.
Deceased individuals who had one or more beneficiaries who are receiving or are entitled to receive benefits under the plan.
This category does not include any individual to whom an insurance company has made an irrevocable commitment to pay all the benefits to which the beneficiaries of that individual are entitled under the plan. The cash, modified cash, or accrual basis accounting methods may be used for recognition of transactions in Part III, as long as you use one method consistently.
Amounts reported on lines 6a, 6b, and 6c for the beginning of the plan year must be the same as reported for the end of the plan year on the return for the preceding plan year. Use whole dollars only. Enter the total amount of plan assets at the beginning of the plan year in column 1.
Do not include contributions designated for the plan year in column 1. Enter the total amount of plan assets at the end of the plan year in column 2.
Liabilities include but are not limited to benefit claims payable, operating payables, acquisition indebtedness, and other liabilities. Do not include the value of future distributions that will be made to participants. Enter the amount of all other contributions including transfers or rollovers received from other plans valued on the date of contribution.
Enter all applicable plan characteristics codes that applied during the reporting year from the List of Plan Characteristics Codes shown later that describe the characteristics of the plan being reported.
In the case of an eligible combined plan under section x and ERISA section e , the codes entered in the boxes on line 9 must include any codes applicable for either the defined benefit pension features or the defined contribution pension features of the plan.
You must check "Yes," if the plan had any participant loans outstanding at any time during the plan year and enter the amount outstanding as of the end of the plan year.
Enter on this line all loans to participants, including residential mortgage loans that are subject to section 72 p. Include the sum of the value of the unpaid principal balances, plus accrued but unpaid interest, if any, for participant loans made under an individual account plan with investment experience segregated for each account made in accordance with 29 CFR When applicable, combine this amount with the current value of any other participant loans.
Do not include a participant loan that has been deemed distributed. Check "Yes," if this plan is a defined benefit plan subject to the minimum funding standard requirements of section Enter the unpaid minimum required contribution for all years from line 40 of Schedule SB Form If the plan is a defined benefit plan, the enrolled actuary must complete and sign the Schedule SB Form and forward it no later than the filing due date to the person responsible for filing Form EZ.
The completed Schedule SB is subject to the records retention provisions of the Code. If a money purchase defined contribution plan including a target benefit plan has received a waiver of the minimum funding standard, and the waiver is currently being amortized, complete lines 3, 9, and 10 of Schedule MB Form Instead, keep the completed Schedule MB in accordance with the applicable records retention requirements.
We ask for the information on this form to carry out the Internal Revenue laws of the United States. This form is required to be filed under section a. Section requires you to provide your identification number. If you fail to provide this information in a timely manner or if you provide false or fraudulent information, you may be subject to penalties. Section b makes the information contained in this form publicly available.
We may also disclose this information to other countries under a treaty, to federal and state agencies to enforce federal non-tax criminal laws, and to federal law enforcement and intelligence agencies to combat terrorism. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of the Internal Revenue Code.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time is:. If you have suggestions for making this form simpler, we would be happy to hear from you. You can send us comments from IRS.