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include
(redirected from includable)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.01 sec.
include someone or something among something
to count someone or something as a member of a group or collection. I am happy to include you among my friends. Do you include chocolate among your favorite flavors?
See also: among

include someone in (something)

to invite someone to participate in something. Let's include Terri in the planning session. Without asking, Henry included himself in the group going on a picnic.

include someone out (of something)

Fig. to exclude someone from something. (Jocular.) I am not interested in your games. Include me out of them. Include me out too.
See also: out

throw something into the bargain and include something in the bargain; throw something in

to include something extra in a deal. To encourage me to buy a new car, the car dealer threw a free radio into the bargain. If you purchase three pounds of chocolates, I'll throw one pound of salted nuts into the bargain. She threw in a free calendar.
See also: bargain, throw


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Therefore, the court found that the $10,032 was a deemed distribution includable in income and that the distribution did not meet any of the exceptions of section 72(0 and thus was subject to the 10% penalty.
The recently passed 2007 Mortgage Forgiveness Debt Relief Act provides non-recognition of the income, which would otherwise be includable.
3 REV 1 Change 2, Chapter 5, Exhibit 5-1, which identifies includable and excludable income sources, and Exhibit 5-2, which identifies Assets.
 
 
 
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