Sentence examples for irc section from inspiring English sources

"To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must be primarily engaged in the promotion of social welfare," I.R.S. officials said in a statement e-mailed in response to inquiries about the I.R.S.'s activities.

As the Tea Party questionnaires surfaced, the agency released a statement saying, "To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must be primarily engaged in the promotion of social welfare.

This is known as the partner's "distributive share" under IRC Section 702.

With the TCJA, IRC Section 1031 imposed a strict limitation on like-kind exchanges to qualified real property.

Accountants do have a tax preparation privilege (IRC Section 7525(a)(1)) but it doesn't apply to criminal tax cases.

However, it's significant that the IRS can suspend collection efforts if you request innocent spouse relief (under IRC Section 6015).

IRC Sections 408 & 4975 prohibits Disqualified Persons from engaging in certain type of transactions.

Knowing the relevant IRC sections is the best method for using specialized tax services, citators and other resources.

Regardless, even if there was a ruling, the JCT Staff Report predated the excludable fringe benefit section, IRC 132.

An exception is made to enable a taxing authority to cause recognition of gain or loss to the extent provided in IRC [title 26] section 371 (as amended by section 109 of this bill).

The two primary sections of the IRC (the "Anti-Inversion Rules") that were designed to discourage inversions are Sections 367(a) and 7874.