First, qualified improvement property does not require that the improvement be subject to a lease, so interior improvements made by the owners of an owner-occupied building that meet the other requirements for qualified improvement property may now qualify for
Tournament best: Finalists, 1996 Qualifying record: W7 D1 L2 Qualifying stat: The Czechs have managed to qualify for
the finals of every Euros since the break-up of Czechoslovakia.
Under this approach, a portion of the proceeds from the sale of a vacation home would qualify for
According to the preamble to the proposed regulations, the footnote explains that, even though receipts from a cup of coffee prepared at a retail establishment do not qualify for
the special deduction, receipts from a portion of the cup of coffee representing production activities conducted away from the retail facility (the coffee beans roasted at a facility separate from the retail establishment) do qualify.
Potential trap: If you performed a cost segregation study and allocated a large portion of the building cost to personal property, it appears not to qualify for
the manufacturing deduction.
Certain lighting level and lighting control requirements must also be met in order to qualify for
the partial lighting deductions.
These companies should be considered only when a client cannot qualify for
one of the more rigorously underwritten policies, since the eventual cost of any policy form will be based on the collective experience of the insureds with that policy form.
As a financial risk manager, you need to know which techniques you can use to hedge your difficult existing or anticipated foreign-currency exposures and qualify for
hedge accounting under current generally accepted accounting principles.
The final regulations contain 14 examples covering a variety of different types of restructurings that either qualify or fail to qualify for
type A treatment.
The act also extends to three years the rollover period in which individuals who are able to repay the distributions can do so and qualify for
Senior Treasury officials have stated publicly that this was not the Notice's intention, and that producers of software and of property subject to the long-term contract rules need not apply section 263A to those activities in order to qualify for
the production deduction.
Certain property that otherwise satisfies the requirements but is placed in service after December 31, 2004 and prior to January 1, 2006 will qualify for
If the client simply engages in a standard open-market transaction, such as purchasing a publicly traded security, and there was no criminal intent, it probably does not qualify for
the theft-loss deduction.
(Many currently available hybrid vehicles may qualify for
this credit.) Because taxpayers may claim the full amount of the allowable credit up to the end of only the first calendar quarter that is after the quarter in which the manufacturer records its sale of 60,000 hybrid and/or advanced lean bum technology motor vehicles, taxpayers seeking the credit may want to buy early in the year.
* The latitude regarding the terms manufacturer and manufacturing activities will allow many businesses that never qualified for benefits under the foreign sales corporation/extraterritorial income exclusion provisions to qualify for
the new manufacturer's deduction.