References in periodicals archive ?
Taxpayers are generally required to allocate additional Sec.
A donor therefore must allocate GST exemption to a gift to a trust even if the gift tax annual exclusion completely covers it.
A substantial-purpose test could effectively act as a threshold: If the activity has a substantial (say, 20 percent) lobbying purpose, the multiple-purposes test could then be used to allocate the costs.
While this is not good news for existing irrevocable trusts, those drafting new trust instruments should Consider adding a provision that gives the trustee "the power to allocate all or part of a capital gain to trust income.
Compensation expense if the company allocates the dividends to participants' accounts or if it pays them to participants out of a suspense account.
263A costs, but will be required to use one of the producer cost-allocation methods to allocate direct and indirect costs to property produced and acquired for resale.
Entities that allocate joint costs are required to disclose
A taxpayer shall allocate a deduction for a charitable contribution solely to United States source gross income if --
In the case of other than direct skips, the donor had to affirmatively allocate the GST exemption to the trust on Form 709 to shelter future trust distributions from GST tax.
affiliated group must allocate interest as a fungible expense on the basis of its worldwide assets.
partnerships is their ability to allocate items of income, gain, loss and deduction among the partners in ratios that differ from those in the partners' capital accounts.
As director of PFG's managed forex programs, Schiff brings large, successful foreign exchange money managers to retail customers and institutional customers by providing the facilities to process and allocate transactions.