seasonal--1 if the employment of the respondent is seasonal, 0 otherwise
If a termination benefit that otherwise
meets the recognition criteria of this standard is not recognized because the expected benefits are not estimable, the employer should disclose that fact.
The basic rationale for excepting certain transactions from current gain recognition is that a continued deferral of tax on the appreciation in transferred property (pursuant to an otherwise
applicable nonrecognition provision) is appropriate in the outbound transfer context where an adequate mechanism exists to ultimately collect that tax.
Although the legislative history suggests otherwise
, the statute does not require that the payment to the consortium be used to fund energy-related research, as long as the payment is made by the taxpayer in carrying on its trade or business and the consortium itself satisfies certain organizational and funding standards (i.
To hold otherwise
would allow the landlord to reap a windfall not envisioned by the parties to the lease agreement.
However, Congress felt that merely accompanying or being related to a traveling employee should not convert otherwise
nondeductible personal expenses into deductible business expenses.
Section 3004(u) of HSWA requires "corrective action" for releases of hazardous wastes or constituents from any solid waste management unit (SWMU) at a storage, treatment or disposal facility that is seeking or is otherwise
subject to a RCRA permit.
Unless the election out is made for all transfers to the trust in the current and/or all future years, the current-year transfers and/or the future transfers to which the election out is to apply must be specifically described or otherwise
identified in the election-out statement.
The Appellate Term in its decision construed Paragraph 27 as applicable principally to notices or statements given pursuant to or under the lease itself, as opposed to statutory notices and declined to hold that this printed provision in the standard from lease manifests the parties' agreement that they adopted a notice requirement different from the otherwise
controlling statutory procedure.
P reimburses only substantiated and otherwise
unreimbursed medical expenses; employees have no right to receive cash or other benefits under P.