Sentences with phrase «revenue code provides»

The Internal Revenue Code provides that all spousal support payments are tax deductible by the paying spouse and taxable to the recipient spouse as «ordinary income.»

Section 79 of the Internal Revenue Code provides that an employer can provide up to $ 50,000 of group term life insurance coverage to each employee as a tax free fringe benefit.

Section 1031 of the Internal Revenue Code provides tax deferral for certain exchanges of property held for investment or used in a trade or business.

Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans, and requires that the IRS annually adjust these limits for inflation and increases in cost - of - living.

Section 1035 of the Internal Revenue Code provides that no gain or loss is recognized on the exchange of:

Section 2503 (e) of the Internal Revenue Code provides a gift tax exclusion for money paid directly to an education institution to pay for tuition on behalf of a student.

To compensate for the threat of double taxation, the Internal Revenue Code provides an income tax deduction to the beneficiary for any transfer taxes paid by the estate on certain assets (i.e., annuities) deemed to be Income in Respect of a Decedent (IRD).

Not exact matches

The S corporation derives its name from Subchapter S of the Internal Revenue Code which provides corporations a «tax election» option — a choice on how they want to be taxed.

The payments and benefits provided under his executive agreement in connection with a change in control may not be eligible for a federal income tax deduction for the company pursuant to Section 280G of the Internal Revenue Code.

Morgan Stanley Wealth Management is not acting as a fiduciary under either the Employee Retirement Income Security Act of 1974, as amended or under section 4975 of the Internal Revenue Code of 1986 as amended in providing this material except as otherwise provided in writing by Morgan Stanley and / or as described at www.morganstanley.com/disclosures/dol.

Qualified Performance - Based Award is an award consisting of an option, restricted stock, restricted stock unit, stock appreciation right, performance unit or Shares that is intended to provide «qualified performance - based compensation» within the meaning of Section 162 (m) of the Internal Revenue Code.

Not - for - profit organizations that are not tax - exempt under Section 501 (c)(3) of the Internal Revenue Code and that do not provide a qualifying public service as their primary function

All organizations that are tax - exempt under section 501 (c)(3) of the Internal Revenue Code qualify, regardless of the services that they provide.

We are an analytical driven, technology enabled Data Entry, Coding and Revenue Cycle Management company providing medical billing services to Medical Billing Companies across the U.S..

Morgan Stanley Smith Barney LLC («Morgan Stanley»), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not «fiduciaries» (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley.

Congress enacted the Employee Retirement Income Securities Act of 1974, which, in conjunction with a specific section of the Internal Revenue Code, provides American workers with another vehicle for building retirement assets through ROBS.

The nonqualified supplemental plan provides all affected employees with the 7 - percent Company credit to which they would otherwise be entitled as a matching contribution under the qualified plan but for limitations under the Internal Revenue Code.

The Internal Revenue Service has determined that the Empire Center is exempt from federal income tax under section 501c3 of the Internal Revenue Code, meaning contributions to the Empire Center are deductible to the full extent provided by law.

On May 22, 2014, Reed introduced the Fighting Hunger Incentive Act of 2014 (H.R. 4719; 113th Congress), a bill that would amend the Internal Revenue Code to permanently extend and expand certain expired provisions that provided an enhanced tax deduction for businesses that donated their food inventory to charitable organizations.

It would also require the House Ways and Means Committee to report out legislation under the budget reconciliation process that would provide for a revenue - neutral, comprehensive overhaul of the U.S. tax code and would include instructions to 11 House committees to trigger the budget reconciliation process to cut mandatory spending.

Section 74 («Prizes and Awards») of the Internal Revenue Code now specifies: «General Rule: Except as otherwise provided in this section or section 117 (relating to qualified scholarships), gross income includes amounts received as prizes and awards.»

In the event of dissolution of the Division, any assets of the Division remaining thereafter shall be transferred by the Finance Officer to the American Association for the Advancement of Science, or failing its existence, to such organization as may be dedicated to objectives similar to those of the Arctic Division of the Association, as determined by the Executive Committee of the Arctic Division, and provided that such organization is exempt under Section 501 (c)(3) of the Internal Revenue Code of 1954, as amended, or under such successor provision of the Code as may be in effect at the time of the Division's dissolution.

The benefits to be provided to program participants must be provided through contracts, including individual contracts or individual certificates issued for group annuity or other contracts, which may be fixed, variable, or both, in accordance with s. 403 (b) of the Internal Revenue Code.

Benefits, including employee contributions, are not payable for employee hardships, unforeseeable emergencies, loans, medical expenses, educational expenses, purchase of a principal residence, payments necessary to prevent eviction or foreclosure on an employee's principal residence, or any other reason except a requested distribution for retirement, a mandatory de minimis distribution authorized by the administrator, or a required minimum distribution provided pursuant to the Internal Revenue Code.

Each Florida College System institution may implement an optional retirement program, if such program is established therefor pursuant to s. 1001.64 (20), under which annuity or other contracts providing retirement and death benefits may be purchased by, and on behalf of, eligible employees who participate in the program, in accordance with s. 403 (b) of the Internal Revenue Code.

They occasionally provide a small amount of shared revenue for me when someone registers using my code.

In order to avoid this result, the Internal Revenue Code (the «Code») provides that the holder's basis will increase over time based on a «constant yield to maturity» (CYM) method.

The exclusion from debt discharged in bankruptcy from your income tax bill is codified in the Internal Revenue Code section 108 (a)(1)(A) which provides:

401k contribution limits are established each year by the IRS as provided in the Internal Revenue Code.

Amends the Internal Revenue Code to increase to $ 7,500 the amount of employer - provided dependent care assistance that an employee may exclude from gross income.

The Internal Revenue Code (the «Code») provides several complex rules relating to the taxation of retirement plan distributions.

If you are purchasing an annuity contract to fund an Individual Retirement Annuity (IRA) or employer - sponsored retirement plan, you should be aware that such annuities do not provide tax - deferral benefits beyond those already provided by the Internal Revenue Code.

but nothing in this paragraph may be construed to provide that any loan made under a governmental plan under section 414 (d), or a contract or account under section 403 (b), of the Internal Revenue Code of 1986 constitutes a claim or a debt under this title;

When calculating your Series of Substantially Equal Periodic Payments (SOSEPP), provided for under § 72 (t)(2)(A)(iv) of the Internal Revenue Code, one of your choices is the Fixed Amortization method.

When calculating your Series of Substantially Equal Periodic Payments (SOSEPP), provided for under § 72 (t)(2)(A)(iv) of the Internal Revenue Code, one of your choices is the Fixed Annuitization method.

«Credit Services Organization» does not include any of the following: (i) a person authorized to make loans or extensions of credit under the laws of this State or the United States who is subject to regulation and supervision by this State or the United States, or a lender approved by the United States Secretary of Housing and Urban Development for participation in a mortgage insurance program under the National Housing Act (12 U.S.C. Section 1701 et seq.); (ii) a bank or savings and loan association whose deposits or accounts are eligible for insurance by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, or a subsidiary of such a bank or savings and loan association; (iii) a credit union doing business in this State; (iv) a nonprofit organization exempt from taxation under Section 501 (c)(3) of the Internal Revenue Code of 1986, [FN1] provided that such organization does not charge or receive any money or other valuable consideration prior to or upon the execution of a contract or other agreement between the buyer and the nonprofit organization; (v) a person licensed as a real estate broker by this state if the person is acting within the course and scope of that license; (vi) a person licensed to practice law in this State acting within the course and scope of the person's practice as an attorney; (vii) a broker - dealer registered with the Securities and Exchange Commission or the Commodity Futures Trading Commission acting within the course and scope of that regulation; (viii) a consumer reporting agency; and (ix) a residential mortgage loan broker or banker who is duly licensed under the Illinois Residential Mortgage License Act of 1987.

The capital gain tax formula provided is to help you determine an approximate gain and amounts that may be deferred under Internal Revenue Code § 1031.

Many investors are becoming aware that the Internal Revenue Code (IRC) provides a vehicle for deferring capital gain taxes while disposing of investment property.

The Columbia Bank Foundation provides grants and contributions only to organizations within our marketing area that are recognized as tax - exempt under Section 501 (c)(3) of the Internal Revenue Code.

The definition for «qualified parking» is in the Internal Revenue Code Section 132 («Certain Fringe Benefits»)(f)(5)(c): (C) Qualified parking The term «qualified parking» means parking provided to an employee on or near the business premises of the...

Named after the section of the Internal Revenue Code that authorizes them, 529 plans promised to do for college saving what 401 (k) plans did for retirement saving: provide a simple way to set aside money for college using a variety of easy - to - understand investment options.

h. Any nonprofit corporation qualifying under section 501 (c)(3) of the Internal Revenue Code which makes mortgage loans to promote home ownership or home improvements for the disadvantaged, provided that such corporation is not primarily in the business of soliciting or brokering mortgage loans.

(A) «Adjusted gross income» or «Ohio adjusted gross income» means federal adjusted gross income, as defined and used in the Internal Revenue Code, adjusted as provided in this section:

However, not all expenses you incur will provide tax savings; the Internal Revenue Code is very specific about the types of expenses you can deduct and the taxpayers who may claim them.

The Society for Human Resource Management (SHRM) supports bipartisan proposals to expand nontaxable employer - provided educational assistance under Section 127 of the Internal Revenue Code.

If you are purchasing an annuity contract as an individual Retirement Annuity (RA), you should be aware that such annuities do not provide tax - deferral benefits beyond those already provided by the Internal Revenue Code.

All organizations that are tax - exempt under section 501 (c)(3) of the Internal Revenue Code qualify, regardless of the services that they provide.

Internal Revenue Code S. 871 also provides strong incentives for «aliens» to bring their capital to the USA.

(b) Except as provided in Section 17006, any stray dog that is impounded pursuant to this division shall, prior to the euthanasia of that animal, be released to a nonprofit, as defined in Section 501 (c)(3) of the Internal Revenue Code, [FN1] animal rescue or adoption organization if requested by the organization prior to the scheduled euthanasia of that animal.

The blog provides guidance and latest developments on compliance with U.S. Internal Revenue Code and Bank Secrecy Act concerning foreign financial accounts and income.