qualify

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qualify as something

to fulfill the requirements to be something. Tom qualified as a mechanic. I have been qualified as a mechanic since I was twenty.
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qualify for something

to meet the requirements for something. I'm sorry, you do not qualify for this job. I don't qualify for it.
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qualify someone as something

to cause someone to fulfill the requirements for something. Does this course qualify me as a stockbroker? She qualified herself as a realtor.
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qualify someone for something

to enable someone to meet the requirements for something. His years with the company qualified him for pension. Does this ticket qualify me for the drawing?
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qualify for

v.
1. To be competent or eligible for something, such as an office, job, or benefit: After one year on the job, you will qualify for a raise.
2. To cause someone to be competent or eligible for something: That certificate qualifies you for a promotion.
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References in periodicals archive ?
MORTGAGE INTEREST THAT qualifies as home acquisition debt--to buy, build or substantially improve up to two residences--is fully deductible in the year paid.
Jeff's attendance at the local computer programming seminar qualifies as educational assistance, even though it is not directly related to his current job and may help qualify him for a new trade or business.
Although Stan's reimbursement is for graduate-level courses, it qualifies for the Sec.
The $100X incurred to develop documentation that supports the research function qualifies as research or experimental expenditures within the meaning of section 174.
338 dictate otherwise, the integrated asset acquisition in Situation 1 is properly treated as a statutory merger of T into X that qualifies as a Sec.
Generally, any business qualifies, except one in the development or holding of intangibles for sale or license, and specific businesses (such as golf courses, country clubs, race tracks and certain farming trades).
If a donor qualifies to contribute to both an Education IRA and a qualified state tuition program, he should first fund the $2,000 necessary for the Education IRA, and contribute, any amounts above that to a QTP.
Since M is in her first year of college, she qualifies for the Hope Credit, which is larger than the Lifetime Learning Credit.
Accordingly, of the $1 million construction allowance provided by Y to X, $800,000 qualifies as a qualified lessee construction allowance that may be excluded from income under Sec.
2) The exchange of a remainder interest for a fee simple qualifies under Sec.
As a result, no portion of the award qualifies as an employee achievement award, and the FMV of the award is compensation subject to withholding.
Decrease marital deduction: In certain situations, it may be appropriate for a surviving spouse to disclaim bequeathed property in order to reduce the amount of property that qualifies for the marital deduction.
Question #6: What if the taxpayer previously reported gain that now qualifies for installment method reporting under these regulations?
The key for individuals who interact with qualified plans is to know what qualifies as a prohibited transaction.