References in periodicals archive ?
Employees who choose to contribute their forgone time will not have to include the donated leave in income if the payments are made before Jan.
The IRS said that under IRC section 7872, the corporation should have reported the forgone interest as taxable income on its federal return and the same amount should have been reported as dividend income by the shareholder-partners.
And, to simplify gift-buying, the family swapped names this year while Coleman has forgone some traditions altogether.