Sentences with phrase «revenue code requires»

When a taxpayer has claimed a federal itemized deduction for state or local income tax payments and subsequently receives a refund related to those payments, the Internal Revenue Code requires the taxpayer to report the refund as income on Form 1040 for the year in which the refund was received.

In certain circumstances, the U.S. Internal Revenue Code requires that individual income taxpayers report the refund of excess state or local income tax payments received by the taxpayer as income for federal income tax purposes.

Not exact matches

Its staff posed the following question: If the U.S. created a tax code that eliminated virtually all personal and corporate tax breaks, and also required that the plan be revenue neutral ---- meaning that receipts in 20 years had to match the numbers forecast today ---- how low could rates go?

The revenue range and zip code data points reduce the friction and time typically required for finding new companies that fit within that selected territory.

As required by Internal Revenue Code rules, the bullion coins or bars you buy are safely stored on behalf of your IRA in a fully insured, secured vault with a nationally recognized vaulting provider.

In consultation with senior management, oversee regulatory compliance with respect to compensation matters, including overseeing the Company's policies on structuring compensation programs to preserve tax deductibility, and, as and when required, establishing performance goals and certifying that performance goals have been attained for purposes of Section 162 (m) of the Internal Revenue Code.

In addition to potential jail time, taxpayers convicted under the Internal Revenue Code will most likely be required pay back taxes, fines, and penalties.

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.

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.

All ETFs are required by the Internal Revenue Code to distribute substantially all of their income and capital gains to shareholders at least annually.

However, Third Avenue Value Fund (TAVF, «The Fund») is required by its fundamental investment policy, and the Internal Revenue Code, to meet certain standards of diversification.

Moreover, in this line of cases, there already had been a decision that adopts a two - part test for bona fide tax - exempt nonprofit credit counseling agencies, requiring such agencies to: (1) be recognized by the IRS as being exempt from federal income taxation under section 501 (c)(3) of the Internal Revenue Code; and (2) actually operate as a bona fide nonprofit organization.

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.

The Predecessor Account was not subject to certain investment restrictions, div ersification requirements or other restrictions imposed by the 1940 Act or regulated under the Internal Revenue Code of 1986 (Account was not required to make annual income distributions to investors).

It looks like this would not work, as documented in the IRS» Offset instructions (bold mine): Internal Revenue Code IRC (§) 6402 (a), (c), (d), (e) and (f) require a taxpayer's overpayment to be applied to any outstanding Federal tax debt, child support, Treasury Offset Program (TOP) debt, State income tax obligation or Unemployment Compensation prior to...

Under the Code, each Fund will be required to report to the Internal Revenue Service all distributions of taxable income and capital gains as well as gross proceeds from the redemption or exchange of Fund shares, except in the case of certain exempt shareholders.

Each Fund intends to qualify as regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the «Code»), which requires compliance with certain requirements concerning the sources of its income, diversification of its assets, and the amount and timing of its distributions to shareholders.

The new proposed constitution includes additions required for tax exempt status described in Section 501 (c)(3) of the United States Internal Revenue Service Code.

• Develop and implement policies for the parking lot • Issue parking permits and devise appropriate procedures for distribution of the same • Organize parking registration activities • Collect, count and record the parking fee • Supervise, train and evaluate subordinate employees • Guide and educate the campus community regarding parking procedures and SOPs • Identify and report any suspicious vehicle • Issue and submit periodic parking lot reports to the higher management • Devise and recommend ways to enhance the effectiveness of parking procedures to ensure maximum customer facilitation • Carryout paper work for long term parking requests and issue relevant permit if applicable • Inspect the parking lot physically and ensure proper physical conditions are available for parking • Ensure consumer and vehicle security in the parking lot • Operate parking lot equipment, drive through gates and car lifters appropriately as and when required • Respond to public inquiries and provide relevant information regarding parking protocols • Monitor CCTV footage and report any suspicious activity • Regularly update the members» vehicle data and stamp their permits • Oversee parking lot operations, revenue collection and ticketing procedures • Ensure proper book keeping procedures are being carried out • Conduct minor maintenance of parking lot equipment • Promote and demonstrate high standards of customer service • Issue permits to vendors and other visitors after complete validation of their personal data • Oversee flagging and validation code issuance • Organize training sessions for development and grooming of the team • Assign duties to the parking lot employees and evaluate their performance • Serve as point of contact for parking lot procedures, maintenance and permissions • Allocate separate space for visitors, special guests and handicapped individuals • Manage parking lot budget and meet the maintenance requirements within allocated amount • Devise a proper one way route within the parking area and display informative direction boards to implement the same • Oversee the cleanliness of the parking lot and keep it snow free during winters to facilitate smooth drive in and drive out • Procure and install parking signs and meters etc. • Maintain vehicle owner's data on whose IDs the permits have been issued • Record all drive ins and drive outs with timings in the computerized log system

MEDICAL CODER DEPARTMENT: Coding REPORTS TO: Revenue Cycle Director FLSA STATUS: Hourly JOB... Option for partial remote coding (2 days per week in office required) after successful trainCoding REPORTS TO: Revenue Cycle Director FLSA STATUS: Hourly JOB... Option for partial remote coding (2 days per week in office required) after successful traincoding (2 days per week in office required) after successful training...

• At least four years of experience in medical billing and revenue cycle is required • Understanding the claim submission process • Knowledge of CPT coding, ICD - 9 and ICD - 10 • Understanding of medical and insurance terminology • Compliance, Law & Ethics (HIPAA) • Good communication and interpersonal skills • Bi-lingual (English & Spanish) is a plus • Education Required: Certificate from an accredited Medical Billingrequired • Understanding the claim submission process • Knowledge of CPT coding, ICD - 9 and ICD - 10 • Understanding of medical and insurance terminology • Compliance, Law & Ethics (HIPAA) • Good communication and interpersonal skills • Bi-lingual (English & Spanish) is a plus • Education Required: Certificate from an accredited Medical BillingRequired: Certificate from an accredited Medical Billing Program

The successful completion of a tax - deferred like - kind exchange transaction requires Investors to comply with certain deadlines pursuant to Section 1031 of the Internal Revenue Code, which have been further clarified within Section 1.1031 of the Department of the Treasury Regulations.

1031 Exchange Clients are responsible for monitoring and complying with their own required tax - deferred like - kind exchange deadlines as outlined in Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations as outlined below:

The Internal Revenue Code Section 1031 requires meticulous attention to the rules.

The successful completion of a 1031 Exchange transaction requires Investors to comply with certain deadlines pursuant to Section 1031 of the Internal Revenue Code, which have been further clarified within Section 1.1031 of the Department of the Treasury Regulations.