The university has authorized voluntary payroll deductions for payments to certain organizations (such as the Stanford Faculty Club).
Many are rich in mineral wealth.William BC Crandall Founder and president AbundantPlanet.org Redwood City, CaliforniaThe other side of the coinSIR – I imagine that most governments that allow tax deductions for payments into personal pension plans also require the beneficiaries to start withdrawing at a certain age.
Scientology took another, ultimately more effective, tack against the IRS, when it organized a number of its parishioners to sue the IRS for disallowing deductions for payments they made for Scientology auditing under Section 170 of the tax code, which allows individuals to claim deductions for charitable contributions.
A recurring question is whether the IRS permits couples contemplating divorce to take tax deductions for payments to divorce mediators or matrimonial attorneys.
Michael Durst has proposed limiting U.S. deductions for payments made to related foreign affiliates if those payments are to a low-tax country and they generate profits above a designated level.
Professor Bret Well has proposed a rule, similar to Mexico's, that would not allow deductions for payments to related foreign companies if those payments exceeded U.S. manufacturing income (computed under section 199).
Historically, the IRS allowed a deduction for payments as being "compensatory" (and not fines or penalties) only if they were paid to a victim and served to restore the victim to their prior state.
This is likely to be a reference to the ruling made late last year against a tax avoidance scheme used by another regional publisher, Iliffe News & Media, which owns 38 titles and is now part of David Montgomery's Local World, which enabled it to make a tax deduction for payments amounting to £51.4m.
(1) For taxable years beginning after December 31 , 1966 there shall be no maximum limitation on the amount of the deduction allowable for payment of medical expenses.
