References in periodicals archive ?
If the ownership of their personal residence meets the qualifications of IRC section 121, they should sell their personal residence first and command the benefit of the IRC section 121 exclusion.
The state Tax Court affirmed (51) the Director's statutory and regulatory authority to impute interest on non-interest-bearing notes between legal entities, even though the absence of intercompany control would have prevented an adjustment under IRC Sec.
The IRC section 170 deduction for cash gifts by individuals to public charities in a given tax year cannot exceed 50% of their AGI, with excess contributions being carried forward.
The closing of the transaction is subject to, among other things, receipt of court approval and the affirmative vote of at least 66 2/3 percent of the votes cast by IRC shareholders and option holders at a special meeting of the IRC shareholders.
Second and third IRC placegetters, Wicked, also a Beneteau First 40, and Next, a Sydney 38, did not have ORCi ratings, thus another Sydney 38, Swish, moved up to second and Patrice Six, an X41, to third.
To ensure fairness between the parties, the Joint Venture Agreement was negotiated by a special committee of the Board of Directors of IRC composed entirely of independent board members and was advised by independent counsel.
The contributions are subject to the IRC section 402(g) limit on elective deferrals ($15,000 in 2006, with a $5,000 catch-up for those age 50 and over).
The IRC is a non-profit humanitarian agency that provides relief, rehabilitation, protection, resettlement services and advocacy for refugees, displaced persons and victims of oppression and violent conflict.
Personal injury claims where the proceeds are excluded from gross income under IRC section 104(a)(2).
The Arkansas workshop is the first effort by the IRC to engage state and local officials in this process.