As Target illustrates, however, the same arguments can be used to exclude
the testimony of accountants who offer expert opinions on damages in litigation.
In addition, in presenting the non-GAAP financial measure, Equinix excludes
amortization expense related to certain intangible assets, as it represents a non-cash cost that may not recur and is not a good indicator of the Company's current or future operating performance.
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.
If R and his second wife sell home 2 within two years of the sale of home 1, R will generally not be able to exclude
his portion of the gain on home 2, but his current wife will be able to exclude
her half of the gain, up to $250,000.
Revenues will be revised to exclude
the contribution from the
108(a)(1)(A) and (B) intend to exclude
discharged COD income to the extent the taxpayer is in bankruptcy or is insolvent.
Since pro forma measures exclude
certain items, differences in earnings from GAAP can be significant; Mentor Graphics management evaluates its performance under both measures for a complete understanding of its results.
assets (such as their fishing permit) exempt from creditors' claims under state law.
Since 1939, ministers have been allowed to exclude
from income the value of a home or parsonage provided for them.
Resort Revenue is revenue from resort operations and excludes
revenue from real estate sales.
from gross income any DOI income when the discharge occurs in either a tide 11 case (bankruptcy), the taxpayer is insolvent or the indebtedness is "qualified farm indebtedness" or (if so elected) "qualified real property business indebtedness.
from gross income any DOI income if the discharge occurs in either a Tide 11 case (bankruptcy), when the taxpayer is insolvent or if the debt is "qualified farm indebtedness" or (if so elected) "qualified real property business indebtedness.
Employers should review their employee benefit plans to ensure that the plan's language explicitly excludes
classes of workers the employer intends to exclude
, to the extent consistent with tax-qualified status for the plan.
108(a) generally excludes
COD income from gross income if:
from personal use any period during which the NRX used the home as his principal residence before or after renting it to the RX.