70) As to reportable transactions, the penalty can be rescinded by the FTB Chief Counsel, but only if (1) the taxpayer on whom the penalty is imposed has a history of complying with the California income and franchise tax laws; (2) it is shown that the violation is due to an unintentional mistake of fact; (3) imposing the penalty would be against equity and good conscience; and (4) rescinding
the penalty would promote compliance with the tax laws and effective tax administration.
The Affordable Care Act will specifically prohibit insurance companies from rescinding
policies, except in cases of fraud or intentional misrepresentation of material fact.
9, 1993, the FCC issued an order rescinding
both GTE's operating authority and waiver.
Board member Lynne Plambeck said she found the idea of rescinding
the initial resolution discouraging.
The AJCA provides that, notwithstanding any other provision, any IRS determination on rescinding
the penalty may not be reviewed in any judicial proceeding.
of retroactively rescinding
insurance policy coverage for numerous patients after the health care services have been provided by the hospitals.
JUDGE DENIES JP'S REQUEST FOR STAY OF ORDER RESCINDING
Teachers resent the suggestion that by rescinding
furloughs and having their health benefits fully funded meant taking away from students.
ALLIANCE TO SAVE JOBS BY RESCINDING
UNFAIR SALES TAX, INC.
A notice rescinding
the award was received thereafter without explanation regarding the calculation error.
Zine thinks rescinding
the age limit will be bad for the department.
Alamo is extending refunds on a "no-questions-asked basis," meaning that the customer does not have to express any reason for cancelling or rescinding
the product, but may simply have changed his or her mind about its purchase.
Sigma will file an amended 15c-211 filing to reflect the rescinding
of that acquisition.
Although Burbank Teachers Association officials have said the rescinding
of layoff notices raised teachers' morale, they also contend the damage is already done.
We will vigorously defend against the lawsuit as we believe we were justified in rescinding
the contracts once we learned of Enron's misrepresentations at the formation stage of the contract and Timothy Belden's admitted energy market manipulation while working at Enron," said Mark Fuchs, LP's General Counsel.