when the partner has liabilities that exceed
the fair market value (FMV) of his or her assets, excluding the interest in the terminated partnership).
A section 467 rental agreement is a long-term agreement if the lease term exceeds
75 percent of the property's statutory recovery period.
Should the bonus for a given year exceed
the targeted incentive, any amount over 125 percent of the targeted figure is "banked.
Borrower's total interest expense exceeds
50% of its earnings before interest, taxes, depreciation and amortization.
When AGI exceeds
the threshold, this new limitation increases the effective marginal tax rate by nearly 1 percent (31 percent of 3 percent, or 0.
If the carrying amount exceeds
the implied fair value, an impairment loss must be recognized in the amount of that excess.
This exclusion is phased out, however, once modified AGI exceeds
a certain amount, beginning at $42,300 in 1995.
As a result, the tuner meets and exceeds
the requirements of ATSC, OpenCable, DVBT/C/H, DMB-TH and ISDB-T standards and can be used worldwide.
Thus, D's allocable share of the loss on the X stock sale is recognized only to the extent that it exceeds
the loss C previously claimed on transferring ownership to D.
The amount paid does not exceed
the amount of points generally charged in the area.
However, because it is available to all taxpayers, it may benefit those whose sales tax bill for the year exceeds
their state income tax (e.
TAX CONSEQUENCES FOR THE MORTGAGOR WHEN OUTSTANDING DEBT EXCEEDS
Net interest expense exceeds
50% of its adjusted taxable income (excess interest expense); and
The credit will equal 7% of the amount by which the qualified investment exceeds
a fixed base (a taxpayer's average historic investment from 1987 to 1991 or from 1989 to 1991, indexed for growth in gross domestic product and multiplied by 70%, for 1993, and 80%, for 1994).
Best would be uncomfortable with a statutory entity or group if the sum of ISB product liabilities, retail notes outstanding, liability for securities lending and FHLB loans exceeds
50% of general account "reserves" (defined here as lines 1 through 6.