Sentence examples for tax code number from inspiring English sources

BUYING BASICS Foreigners need two things to buy real estate in Sicily: an Italian bank account and a codice fiscale, or tax code number, which takes just minutes to get, Mr. Smith said.

A common technique used, often with the aid of knowledgeable Italian tax consultants and lawyers, is to open a business, close it before the tax police can catch up, then reopen the same workspace with a new tax code number.

They referred to the plan by its federal tax code number, 457, which has some similarities to a 401(k).

"One of the benefits of being a 501(c)3 is that we have no skin in the game, we are focused entirely on the individual," Fowler explained, using the tax code's number for a non-profit organization.

John James used the club's tax-exempt code number to buy jewelry and then sold the pieces, like Victorian necklaces, without charging sales tax.

The three promoters who were sued yesterday all market versions of what is known as "the 861 position," which contends that the section of the tax code with that number restricts the income tax laws to a small number of Americans, primarily those employed by foreign-owned businesses.

It sounds great when a presidential candidate promises to simplify the tax code, cutting the number of tax brackets from seven to three and reducing the tax owed by those in the top tier to 33% from 39.6%.

Mr. Simkanin favors the 861 position, which holds that regulations for the section of the tax code with that number require only a few Americans, primarily those employed by foreign-owned companies, to pay income taxes.

Now Congress is close to passing a corporate tax law that does pretty much the opposite: it will confuse and distort the tax code, increase the number of loopholes and dole out pork in obscene quantities.

Professor Burman added: "Our tax code has a number of flaws, one of which is that it doesn't do a very good job of discriminating based on income.

The requests for injunctions are part of a stepped-up campaign in recent months against advocates of the so-called 861 position, who contend that the regulations for the section of the tax code with that number require only a few Americans, primarily those working for foreign-owned businesses, to pay taxes on their wages.