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His concern is that if researchers exclude everyone who smokes or is sick, so few deaths are left that the results don't apply to all Americans.
The weight debate: is that spare tire a lifesaver?
121 is applied first to exclude part or all of the realized gain; the remaining gain realized may be deferred in whole or in part if the taxpayer purchases another residence within the required time period and makes a Sec.
Sale of a residence and like-kind exchanges (Part I: this two-part article examines how recent developments in the principal residence exclusion and like-kind exchanges affect mixed personal- and business-use property. Part I describes the basic interaction between Secs. 121 and 1031.)
However, the Tax Court held that the Warrens could exclude the full amount.
The constitutionality of the parsonage allowance
Those defending accounting malpractice, cases may welcome the ability to use Daubert to exclude testimony offered by plaintiff's experts that is implausible and below professional standards.
Court rules on accountant's expert testimony
93-88 provides that victims of disparate treatment discrimination may exclude all compensating damages, including backpay, from gross income because the Civil Rights Act of 1991 provides such victims a broad range of remedies not previously available to plaintiffs.
Schleier requires Congress to clarify when damages received for discrimination are not taxable
Thus, an employee may exclude from gross income employer reimbursements for qualified parking expenses, but only if he or she actually incurred them.
Reimbursement of parking expenses
May an employer exclude part-time employees from participating in an Internal Revenue Code section 401(k) savings plan or from other qualified plans the employer maintains?
Small business tax solutions
The sub- section 20.2(2) definition does not use tax cost nor does it exclude from the computation some of the significant business assets which are excluded from "equity" in section 20.1.
Draft Canadian legislation on the tax treatment of interest expense
This new rule is harsh, not only because it makes it harder to exclude recovered amounts from income but also because it increases the adjusted gross income in the recovery year, making it more difficult to deduct medical expenses, miscellaneous itemized deductions and other amounts subject to the - 3% rule.
Tax benefit rule: a harsh IRS interpretation
Each can then decide whether to roll over or exclude gain (if applicable).
Home is where the heart is
On their joint return for the year of sale, T and M should report a taxable gain of $84,000 ($334,000-$250,000), because they are entitled to exclude the sum of each spouse's dollar limit amount, determined on a separate basis, as if they had not been married (zero for T, $250,000 for M).
Tax planning for the sale of a principal residence
The use of a revocable trust allows Roberts to control the building's ultimate disposition and to exclude it from his probate estate; however, the building will be included in his taxable estate.
A primer on trusts
However, since 1987, employees have been able to exclude certain achievement awards if they follow some specific requirements.
Rewarding employee achievement
A taxpayer may exclude $250,000 of gain ($500,000 on certain joint returns) from the sale if he or she owned and used the residence as his or her principal residence for two of the five years preceding the sale date.
Tax planning for the sale of a principal residence: final regulations on the principal residence exclusion clarify some issues under sec. 121 and create new tax planning opportunities
Temporary and proposed regulations (TD 9069, 8/6/03) were recently issued to exclude certain vans and light trucks from the depreciation limits imposed on luxury automobiles.
Luxury automobile exclusion regs
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