The proposed amendment drew opposition from board member Bill Davis, who said criminal defense lawyers sometimes put nonrefundable
fees in their trust accounts to protect the equitable interest of the client should the client or lawyer die before the representation is concluded.
US Airways Shuttle customers with nonrefundable
tickets can continue to stand by for Shuttle travel free of charge until 31 December 2002.
Commissioner, 106 TC 117, under the cardholder agreement the bank's annual fees were nonrefundable
The offering circulars and bond indentures of nonrefundable
debt issues usually specified that the bonds could not be called for early redemption if the source of call funds was the proceeds of borrowing at a similar or lower interest cost.
972) for this calculation, as well as discussions with IRS personnel and examples in explanatory material, the IRS applies the nonrefundable
CTC in the ordinary stacking order of NPCs, as shown below.
Instead, it specifically outlawed fees that are a nonrefundable
condition of being hired by a client, even if the lawyer is dismissed before performing any work.
Note: Unused nonrefundable
personal credits cannot be carried to another tax year.
The commitment fee included both refundable and nonrefundable
Delta Air Lines and Northwest Airlines have reportedly adopted a "use it or lose it" policy for nonrefundable