Section 705(a)(2)(B) Expenditure definition

Section 705(a)(2)(B) Expenditure means any expenditure of the Company described in Section 705(a)(2)(B) of the Code and any expenditure considered to be an expenditure described in Section 705(a)(2)(B) of the Code pursuant to Section 704(b) of the Code and the Treasury Regulations thereunder.
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Examples of Section 705(a)(2)(B) Expenditure in a sentence

  • Notwithstanding the provisions of Section 5.1, in no event shall Losses (or items of loss, deduction or Section 705(a)(2)(B) Expenditure) of the Company be allocated to a Member if such allocation would result in such Member having a Qualified Income Offset Amount.

  • Notwithstanding the provisions of Sections 5.1 or 5.3, in no event shall Losses (or items of loss, deduction or Section 705(a)(2)(B) Expenditure) of the Company be allocated to a Member to the extent such allocation would result in such Member having a Qualified Income Offset Amount.

  • Allocations pursuant to Section 7.4 ------------------- of items of Gross Income, gain, loss, deduction, and Section 705(a)(2)(B) Expenditure of the Partnership shall, except as otherwise required by Treasury Regulations under section 704(b) of the Code, consist of a pro rata portion of each item of Gross Income, gain, loss, deduction, and Section 705(a)(2)(B) Expenditure of the Partnership, as appropriate, for such fiscal year.

  • Section 705(a)(2)(B) Expenditure - Any expenditure of the Company described in Section 705(a)(2)(B) of the Code and any expenditure considered to be an expenditure described in Section 705(a)(2)(B) of the Code pursuant to Section 704(b) of the Code and the Regulations thereunder.

  • Allocations pursuant to Section 7.4 of items of Gross Income, gain, loss, deduction, and Section 705(a)(2)(B) Expenditure of the Partnership shall, except as otherwise required by Treasury Regulations under section 704(b) of the Code, consist of a pro rata portion of each item of Gross Income, gain, loss, deduction, and Section 705(a)(2)(B) Expenditure of the Partnership, as appropriate, for such fiscal year.

  • Allocations pursuant to Section 6.4 of ------------------- items of gross income, gain, loss, deduction and Section 705(a)(2)(B) Expenditure of the Venture shall, except as otherwise required by Treasury Regulations under Section 704(b) of the Code, consist of a pro rata portion of each item of gross income, gain, loss, deduction, and Section 705(a)(2)(B) Expenditure of the Venture, as appropriate, for such fiscal year.

  • Notwithstanding the provisions of Section 5.1, in no event shall Losses (or items of loss, deduction or Section 705(a)(2)(B) Expenditure) of the Company be allocated to a Member to the extent such allocation would result in such Member having a Qualified Income Offset Amount.