The court felt that rules that exclude
items from income should be construed narrowly The court reasoned that, historically, insolvent taxpayers could exclude
DOI income to preserve a debtor's "fresh start," so as not to burden him with an immediate tax liability when a debt is forgiven.
Therefore, in accordance with its stated criteria, Standard & Poor's would still exclude
such loans from its structured finance transactions.
The new CDC study, says Willett, "took only half-hearted measures to exclude
people with chronic disease.
The Supreme Court recently breathed new life into this somewhat limp right when it decided that the Boy Scouts had a First Amendment right to exclude
an openly gay scoutmaster.
This election is made by filing a return for the tax year of the sale or exchange of the taxpayer's principal residence that excludes
the gain from gross income.
The limited warranty must be extended to the first owner of the home and survive the passing of title but may exclude
any, or all, subsequent owners.
The taxpayer could then sell the replacement property two years after the conversion and exclude
up to $250,000 ($500,000 if married filing jointly) of the previously deferred gain.
Those defending accounting malpractice, cases may welcome the ability to use Daubert to exclude
testimony offered by plaintiff's experts that is implausible and below professional standards.
As such, we, and our investors and analysts, exclude
this stock-based compensation expense when assessing the cash generating performance of our operations.
Smith must include the punitive portion of the award in his gross income but would exclude
the $250,000 payment for actual physical injuries.
Crescent's FFO, as adjusted, follows the NAREIT definition, but is adjusted to (i) exclude
the impact of impairment charges and debt extinguishment charges related to the sale of real estate assets and (ii) include the impact of gains on sale of developed operating properties and promoted interests.
For purposes of FICA, FUTA and Federal income tax withholding, "wages" do not include any benefit provided to, or on behalf of, an employee if it is reasonable to believe that the employee will be able to exclude
such benefit from income under Sec.
Schleier(1)(*) that section 104(a)(2) of the Internal Revenue Code(2) does not authorize a former United Airlines pilot to exclude
from his gross income the amount received in settlement of a claim for back pay and liquidated damages under the Age Discrimination in Employment Act of 1967.
May an employer exclude
part-time employees from participating in an Internal Revenue Code section 401(k) savings plan or from other qualified plans the employer maintains?
The use of a revocable trust allows Roberts to control the building's ultimate disposition and to exclude
it from his probate estate; however, the building will be included in his taxable estate.