Sentences with phrase «subchapter s»

Subchapter S of the Internal Revenue Code, enacted into law in 1958, was a broader effort at making life easier for small businesses.

David Hillman («Taxpayer») was the sole shareholder of Southern Management Corporation («S Corp»), which was a corporation taxed under Subchapter S of the Internal Revenue Service Code («Code»).

Howard's experience in providing tax services to real estate companies includes: Advising on the merger of subchapter C corporations into a Real Estate Investment Trust, prior to a public stock offering Structuring advice to minimize taxes in state and local jurisdictions Preparation and review of the annual and quarterly Real Estate Investment Trust qualification tests Preparation of the Federal, State and Local income tax compliance Review and analysis of operating agreements Structuring dispositions

The statute — Texas Property Code Chapter 5, Subchapter D, beginning with Section 5.061 — prohibits any executory contract for the sale of residential property if the property already has a mortgage on it, and sets out draconian penalties for any violations of the technical statutory requirements.

Chapter 5, Subchapter D of the Code applies to certain «executory contracts for conveyance,» meaning a real estate transaction where title (deed) does not transfer to the buyer immediately.

And a 2006 amendment to this subchapter makes it clear that these provisions apply to lease purchase agreements in Texas:

Relief granted under this section shall not affect any contract, sale, encumbrance, or lease consummated before the granting of such relief and involving a bona fide purchaser, encumbrancer, or tenant, without actual notice of the filing of a complaint with the Secretary or civil action under this subchapter.»

By incorporating your business as a subchapter S corporation instead of operating as a sole proprietorship, you avoid self - employment tax and pay taxes on income at a far lower rate.

Items of interest to the real estate industry included in this legislation were restoration of a capital gains differential, expansion of Individual Retirement Accounts (IRAs) to allow for penalty - free use of IRA funds as a downpayment on a home, an increase in the deduction for self - employed health insurance costs, a change in the tax treatment of tenant improvements, reform of gift and estate tax law, and simplification of Subchapter S rules.

The type of entity they can form varies and is governed by state law, but nearly all states allow incorporated entities like limited liability corporations, partnerships, C corporations, and subchapter S corporations.

an adjudication under a court proceeding to adjudicate parentage (see Subchapter G of the Texas Family Code); or

Most custody orders include a Standard Possession Order (SPO)(Texas Family Code Title 5, Subchapter F [153.3101 — 153.317]-RRB- that sets the schedule for each parent's time with the child.

Most laws for an annulment of marriage in Arkansas are located in Subchapter 2 and Chapter 12 of Title 9 of the state's annotated code.

Texas Legislature: Texas Constitution and Statutes, Family Code, Title 1, Subtitle B, Chapter 3, Subchapter A

Texas Legislature: Texas Constitution and Statutes, Family Code, Title 1, Subtitle C, Chapter 6, Subchapter A

Monthly client base of approximately 45 consisting mostly of sole proprietors and Subchapter S Corporations.

Pennsylvania Letter Regarding Delegable Duties in Pennsylvania Subchapter G. Medical Doctor Delegation of Medical Services

The school must use the standards for assessing penalty points for convictions of traffic law violations and accident involvements established under Texas Transportation Code, Chapter 708, Subchapter B.

(C) Driver education course curriculum content, minimum instruction requirements, and administrative guidelines for classroom instruction, in - car training (behind - the - wheel and observation), simulation, and multicar range shall include the educational objectives established by the department in the Program of Organized Instruction in Driver Education and Traffic Safety (POI) and meet the requirements of this subchapter.

If an enrollee receiving advance payments of the premium tax credit exhausts the 3 - month grace period in paragraph (d) of this section without paying all outstanding premiums, subject to a premium payment threshold implemented under § 155.400 (g) of this subchapter, if applicable, the QHP issuer must terminate the enrollee's enrollment through the Exchange on the effective date described in § 155.430 (d)(4) of this subchapter, provided that the QHP issuer meets the notice requirement specified in paragraph (b) of this section.

Note: As per Texas law Chapter 176, Subchapter BBB, 176.1117, Section 17 The fee for a duplicate uniform certificate of course completion is $ 10.

(b) An authorized DPS employee shall accept a DE-964E certificate when a certified driver education instructor certifies by signing the DE-964E that the driver education program was completed according to this subchapter and that the student has achieved the competencies specified in this subchapter.

If the course meets the minimum requirements set forth in this subchapter, the division may grant an approval.

Adopted New 19 TAC Chapter 176, Driver Training Schools, Subchapter DD, Commissioner's Rules on Hearings Held Under the Texas Driver and Traffic Safety Education Actwww.tea.state.tx.us / sboe / schedule / 2001 / 176 - 1301n.

The Texas Department of Licensing and Regulation proposes new rules to the Driver Education and Safety program rules (16 Texas Administrative Code, Chapter 84, Subchapter C, § 84.48; and proposes amendments at Subchapter D, § 84.51; Subchapter M, § § 84.500, 84.502 and 84.503; and Subchapter N, § 84.600).

Partners is a partnership, members of an LLC that is taxed as a partnership, and shareholders / employees of Subchapter S Corporations who own more than 2 % of the Corporation, are taxed as self - employed individuals.

(1) The QHP issuer notifies HHS of its intent to withdraw the QHP from an FFE when one of the exceptions to guaranteed renewability of coverage related to discontinuing a particular product or discontinuing all coverage under § 147.106 (c) or (d) of this subchapter applies;

(C) With respect to coverage in the small group market, and in the large group market if such coverage is offered through a Small Business Health Options Program (SHOP) in a State, coverage must become effective consistent with the dates described in § 155.725 of this subchapter, except as provided in paragraph (b)(1)(iii) of this section.

A QHP issuer must follow the premium payment process established by the Exchange in accordance with § 155.240 of this subchapter and the payment rules established in § 155.400 (e) of this subchapter.

(i) Subject to § 147.104 of this subchapter, a Federally - facilitated SHOP must use a minimum participation rate of 70 percent, calculated as the number of full - time employees accepting coverage offered by a qualified employer plus the number of full - time employees who, at the time the employer submits the SHOP group enrollment, are enrolled in coverage through another group health plan, governmental coverage (such as Medicare, Medicaid, or TRICARE), coverage sold through the individual market, or in other minimum essential coverage, divided by the number of full - time employees offered coverage.

(5) One of the exceptions to guaranteed availability of coverage related to special rules for network plans or financial capacity limits under § 147.104 (c) or (d) of this subchapter applies.

U.S. Code, Title 26, Subtitle A, Chapter 1, Subchapter L, Part I, Subpart B, § 803 - Life insurance gross income — This section notes that dividends are not taxable — something that's important in permanent cash - value life insurance policies.

(c) This section does not affect the contractual right of a landlord that is a governmental entity created under Subchapter D, Chapter 22, Transportation Code, whose constituent municipalities are populous home - rule municipalities to assess charges under a lease to fully compensate the governmental entity for the governmental entity's operating costs.

Until the Secretary's determination is made, the standard, requirement, or implementation specification under this subchapter remains in effect.

A person who believes a covered entity is not complying with the applicable requirements of this part 160 or the applicable standards, requirements, and implementation specifications of subpart E of part 164 of this subchapter may file a complaint with the Secretary.

The proposed rule stated that the subchapter (Parts 160, 162, and 164) applies to the entities set out at section 1172 (a) of the Act: Health plans, health care clearinghouses, and health care providers who transmit any health information in electronic form in connection with a transaction covered by the subchapter.

A covered entity may not require individuals to waive their rights under § 160.306 of this subchapter or this subpart as a condition of the provision of treatment, payment, enrollment in a health plan, or eligibility for benefits.

If under applicable law an executor, administrator, or other person has authority to act on behalf of a deceased individual or of the individual's estate, a covered entity must treat such person as a personal representative under this subchapter, with respect to protected health information relevant to such personal representation.

Except as otherwise permitted or required by this subchapter, a covered entity may not use or disclose protected health information without an authorization that is valid under this section.

(C) If a use or disclosure for any purpose described in paragraphs (b)(1)(ii)(A) or (B) of this section is prohibited or materially limited by other applicable law, the description of such use or disclosure must reflect the more stringent law as defined in § 160.202 of this subchapter.

(2) A complaint must name the entity that is the subject of the complaint and describe the acts or omissions believed to be in violation of the applicable requirements of this part 160 or the applicable standards, requirements, and implementation specifications of subpart E of part 164 of this subchapter.

If under applicable law a person has authority to act on behalf of an individual who is an adult or an emancipated minor in making decisions related to health care, a covered entity must treat such person as a personal representative under this subchapter, with respect to protected health information relevant to such personal representation.

An authorization is not required for use or disclosure of psychotherapy notes when required for enforcement purposes, in accordance with subpart C of part 160 of this subchapter; when mandated by law, in accordance with § 164.512 (a); when needed for oversight of the health care provider who created the psychotherapy notes, in accordance with § 164.512 (d); when needed by a coroner or medical examiner, in accordance with § 164.512 (g)(1); or when needed to avert a serious and imminent threat to health or safety, in accordance with § 164.512 (j)(1)(i).

(2) Maintained in any medium described in the definition of electronic media at § 162.103 of this subchapter; or

A person who believes that a covered entity is not complying with the applicable requirements of part 160 or the applicable standards, requirements, Start Printed Page 82795and implementation specifications of Subpart E of part 164 of this subchapter may file a complaint with the Secretary.

(iii) Disclosures made to the Secretary in accordance with subpart C of part 160 of this subchapter; Start Printed Page 82806

In complying with the requirements of this part, covered entities are required to comply with the applicable provisions of parts 160 and 162 of this subchapter.

(i) Management activities relating to implementation of and compliance with the requirements of this subchapter;

This language references Subchapter C in this regulation, Administrative Data Standards and Related Requirements; Part 160, General Administrative Requirements; and Part 162, Administrative Requirements.

As specified in this paragraph, a covered entity must, except as provided in paragraphs (g)(3) and (g)(5) of this section, treat a personal representative as the individual for purposes of this subchapter.