Examples of IRC Regulations in a sentence
It should be noted, however, that the IRC, Regulations, judicial decisions, and administrative interpretations are subject to change at any time and, in some circumstances, with retroactive effect.
This percentage may be less than the applicable percentage published by the IRS.If an election is made under former section 42(b)(2)(A)(ii) to use the applicable percentage for a month other than the month in which a building is placed in service, the requirements of IRC Regulations section 1.42‑8 must be met.
One of the first tasks was to engage with the landowners, key stakeholders and local community in all threekey strategic locations.
A Member’s Capital Account in all events shall be adjusted in accordance with the additional rules set forth in IRC Regulations Section 1.704-1(b)(2)(iv).
The Company shall establish and maintain a capital account for each Member in accordance with IRC Regulations Section 1.704- 1(b)(2)(iv) (each, a “Capital Account”).
The provisions of this Section and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with IRC Regulations sections 1.704-1(b) and 1.704- 2, as same may be amended from time to time, or under any successor regulations thereof, and shall be interpreted and applied in a manner consistent with such Regulations.
The allocations set forth in Section 5.02(b), (d) and( e) (the “Regulatory Allocations”) are intended to comply with certain requirements of the IRC Regulations.
IRC Regulations 1.274-5(c) and 1.275-5T have not been updated for The Tax Cuts and Jobs Act (TCJA) of 2017, P.L. 115-97, section 13304 which significantly amended IRC Section 274.
See the section above entitled “Substantiation Requirements of IRC Section 274(d) and IRC Regulation 1.274- 5T” and IRC Regulations 1.274-5A and 1.274-5T.
The requirements are described in the instructions to IRS Form 8283 and are set forth in greater detail in IRC Regulations section 1.170A-13(c) and in Notice 2006-96, which prescribes certain penalties for the appraiser if the value of the property is overstated by more than 50%.