Section 534 of the bill would amend section 162(g) of the Code to disallow
deductions for punitive damages that are paid or incurred as a result of a judgment or in settlement of a claim.
The amount of interest expense to disallow
in accordance with Sec.
The order disallows
recovery of $1,608,150 of rate revenues that would have been recovered from Oct.
274(a) did not disallow
the deductions in Sutherland, the Tax Court concluded that when an employer includes in the employee's income the value of the vacation flight as determined under the fringe benefit rules of Regs.
A referee is supposed to blow the play dead when he can no longer see the puck, but the Kings contend the whistle came far too late to disallow
It also said the language of section 56 did not disallow
deductions for real property taxes provided by a particular section.
Two proposals under consideration by the Subcommittee would affect this long-accepted treatment: the first would disallow
the cost of compensatory damages under certain environmental laws, and the second would reverse the longstanding deduction for environmental remediation costs by requiring either capitalization of certain costs or capitalization and amortization of certain expenses over uniform periods.
The county has three options: It can allow the claim and agree to negotiate an easement with the company; disallow
the claim and maintain its position; or ignore the claim, which has the same effect as disallowing the claim.
The general rule of the revised regulations still is to disallow
a deduction for any loss recognized by a member of a consolidated group on the desposition of stock of a consolidated subsidiary (Prop.
Without the ability to disallow
deductions when failing to file timely, the IRS will lose one of its greatest deterrents to nonfiling.
The modified loss disallowance rule remains an example of regulatory overkill and, if adopted in its current form, will operate to disallow
economic losses in many cases.
In its statutory filing, TIAA indicated that the IRS is considering whether to disallow
certain tax deductions going back to TIAA's returns for 1998 and 1999, the first two years that all the business was subject to federal taxation.
The Board of Tax Appeals ruled that a KEIT that owned real property in the state was allowed dividends-paid deductions (DPD) pursuant to Federal conformity statutes that do not specifically disallow
In the final minute of the second period, with the Kings leading 2-1, video-goal judge Malcolm Ashford - invoking powers granted those officials this season - called down to Walkom to disallow
an apparent goal by Philippe Boucher because Moger was in the crease.
The IRS proposes to disallow
the tax benefits associated with the transactions based on their interpretation of existing tax laws and court precedents.