The final regulations provide that, for purposes of IRC section 67(e), ownership costs constitute costs that are commonly or customarily
incurred by a hypothetical individual owner of such property and, accordingly, are subject to the 2% floor.
b) Medical Equipment - Medical equipment is equipment primarily and customarily
used for medical purposes and is not generally useful in the absence of illness or injury.
The final regulations also provide a non-exhaustive list of certain expenses commonly or customarily
incurred by individuals and determine the extent of their deductibility.
67(e)(1)'s second requirement was to limit its applicability to "trust-related administrative expenses that are unique to the administration of a trust and not customarily
incurred outside of trusts:' The court cited trustee, fiduciary return preparation and judicial accounting preparation fees as examples of unique expenses that would meet the Sec.
Adults were customarily
punished by fines, public humiliation, short prison terms, and/or exile.
1 The Consultant will provide all necessary labor, equipment, and materials, as customarily
rendered when providing professional environmental testing, inspection, and monitoring services for the construction, repair, and demolition work associated with County capital projects.
What made this financing unique was Grossman's ability to put together a loan program with Independence that allowed the borrower to fix the rate at application--nine months before the loan closed--without a rate lock fee or the standard increased spread customarily
charged on forwards.
The services T provides to the tenants are not customarily
provided to tenants of rental apartment properties in the metropolitan areas of R's properties.
In the Valley, gas-powered weed-eaters are customarily
used to cut down brush and grass that pose a fire hazard around many homes.
According to the 29 USC section 203(t), a "tipped employee" works "in an occupation in which he customarily
and regularly receives more than $30 a month in tips.
And that, for better or worse, usually worse, is what is customarily
This method also enables a performer to play notes of much lower pitch than those customarily
played on a violin.
There are numerous factors that could cause results to differ and the Company's current expectations are subject to all of the uncertainties and risks customarily
associated with developing business ventures.
Riley stated, Magnolia customarily
sells policies through independent funeral homes while Security Plan customarily
sells through a debit route-based system.
Defense attorneys have already tried to tighten the somewhat loose definition of "occurrence" that is so essential to the outcome of the case, arguing in the suit's opening statements that the ambiguous terminology in the policy documents which define an occurrence have been customarily
interpreted by the insurance industry to have an aggregate meaning.