Under Article 17 only the VAT incurred in taxable
transactions is deductible.
Blaylock specializes in taxable
, fixed-income securities.
Of course, realization is dependent upon taxable
income within the carryback and carryforward periods available under the tax law.
(38) An EAG partnership exists if all of the interests in the capital and profits of a partnership are owned by members of a single EAG at all times during the taxable
year of the partnership.
By meeting the definition of qualified lessee construction allowances, the tenant will avoid taxable
income on such allowance.
His tax basis is equal to the $3 of taxable
income, plus $1 purchase price, or $4 per share.
965 inclusion, would have a current-year loss, or an NOL carryforward that eliminates or reduces taxable
income for the year or limits current taxable
(31) Eligible taxpayers are those who file amended returns for taxable
years for which the taxpayer used a tax avoidance transaction, and those who make full payment of the additional tax and interest due for the taxable
years that is attributable to the use of the tax avoidance transaction.
Under the proposed regulations, the election was made by attaching a statement to Form 1041 for the first taxable
year of the related estate.
The required annual payment for smaller taxpayers is generally equal to the lesser of the required quarterly percentage of 100% of the prior-year tax or 100% of the current-year tax based on an annualization of taxable
income for the period (annualization method).
Subsections 112(2.1) through (2.6) and 258(3) through (5) of the Act are the principal charging provisions for the TPS rules and convert what would otherwise be tax-exempt dividends into taxable
The AMT computation begins with taxable
income and then makes the adjustments IRC sections 56, 57 and 58 require.