Plan D allows employees to elect, at any time, to take a distribution of accrued
benefits attributable to any amount rolled over to Plan D.
However, the deductibility of accrued
wages or bonuses requires the consideration of another provision - Sec.
Treasury Note due February 15, 2007 and (y) a fixed spread of 50 basis points, minus accrued
and unpaid interest up to, but not including, the payment date, minus (ii) an amount equal to the early consent premium.
77 principal amount and accrued
interest relating to its February 2003 secured convertible debentures to an aggregate 4,410,594 common shares of the Company, at conversion prices equal to the previously fixed conversion price of $0.
B) eliminating an optional form of benefit, with respect to benefits attributable to service before the amendment shall be treated as reducing accrued
In recently proposed rules the Service has clarified how future defined benefit accruals will be affected by the "grandfathered" accrued
benefit at the end of 1993 that may be based on compensation of more than $150,000.
In response to a request for a change in accounting method, the IRS initially permitted Albertson's to deduct the additional amount in the year accrued
Post-death distributions from nonqualified deferred compensation plans are generally treated as taxable wages but, like post-death payments of accrued
current compensation, are not subject to income tax withholding.
106, the present value fo postretirement benefits must be fully accrued
by the date the employee is fully eligible to receive benefits.
16 percent cumulative preferred stock at a price of $25 per share, and pay all accrued
and unpaid dividends for each series up to the May 1 redemption date.
On his 1993 and 1994 returns, G claimed a deduction for accrued
interest relating to the note and a net operating loss carryover.
405 million as of September 30, 2005, and significantly reducing accrued
liabilities of $2.
1999) allowed a cash-method taxpayer to deduct accrued
interest paid before its payment date.
25% of the reconciled outstanding amount of those claims (including principal and accrued
interest calculated pursuant to the Reconciliation Methodology posted on Iraq's debt reconciliation website) on the date of repurchase by Iraq.
A taxpayer who chooses to defer the accrued
interest does not recognize the entire interest amount until the bonds mature, are redeemed or otherwise transferred in a taxable transaction.