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exclude
(redirected from excludability)

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Taxpayers are unable to get advance rulings from the IRS on the excludability and allocations of damage awards (revenue procedure 2005-3).
5 Treating health and accident plans as retroactive--in terms of employee excludability from income
132-9, Q/A-9 ("Q/A-__"), which explains how to calculate the monthly limitation on the excludability of qualified transportation fringes, has been expanded to permit the distribution of transit passes up to 12 months in advance, subject to the applicable monthly limitation and the following rules (which include an astounding exemption from employment taxes in certain situations).
 
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