Sentences with phrase «federal tax law permits»

«By contrast, federal tax law permits 501 (c)(4) organizations to spend money advocating the election or defeat of candidates, so long as such activity isn't the 501 (c)(4) organization's «primary» activity.

Not exact matches

Notwithstanding any of the provisions of the Constitution, the Association shall not carry on any other activities not permitted to be carried on (a) by a corporation exempt from Federal income tax under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) or (b) by a corporation, contributions to which are deductible under Section 170 (c) 2 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).

Under federal tax law, a marital deduction permits you to leave an unlimited amount of assets to your surviving spouse.

In the year of disposition the adjustment will be a subtraction for gain attributable to installment payments to be made in future taxable years provided that (i) the gain arises from an installment sale for which federal law does not permit the dealer to elect installment reporting of income, and (ii) the dealer elects installment treatment of the income for Virginia purposes on or before the due date prescribed by law for filing the taxpayer's income tax return.

Your contribution is permitted as a charitable contribution (in the year following the contribution) on Federal Schedule A. However, this may change with amendments to federal tFederal Schedule A. However, this may change with amendments to federal tfederal tax law.

For example, federal law permits Goodwill donors to claim tax deductions for donated clothing and household items including electronics.

Disputes over support obligations require both parties to comply with their disclosure obligations, since both the Family Law Act and the Federal Child Support Guidelines both require the court to make determinations about a person's income based on their tax information, but the Income Tax Act does not permit a court to obtain that information directly from Canada Reventax information, but the Income Tax Act does not permit a court to obtain that information directly from Canada RevenTax Act does not permit a court to obtain that information directly from Canada Revenue.

Under federal tax law, there is a marital deduction permitting you to leave an unlimited amount of assets to your surviving spouse.

Federal law permits the interception of federal tax refunds for the payment of past - due child sFederal law permits the interception of federal tax refunds for the payment of past - due child sfederal tax refunds for the payment of past - due child support.