IRS PROVIDES GUIDANCE ON AVOIDING COD INCOME ON LOANS ROOTED IN FRAUD OR MISREPRESENTATIONS.The article focuses on the Information Letter 2010-0141 from the Internal Revenue Service (IRS), wherein it notes on the bases for relief from discharge of indebtedness income under Section 61(a)(12) ...
The PPP provides qualifying taxpayers with access to loans, the proceeds of which must be used for certain specific purposes. PPP loans are eligible for forgiveness to the extent certain conditions are satisfied and the proceeds are used to pay certain “c...
来自 国家科技图书文献中心 喜欢 0 阅读量: 5 摘要: Low-income housing tax credit industry members are seeking Internal Revenue Service guidance that would protect the allocation of noncompetitive tax credits in cases where tax-exempt bonds have been technically refunded. 年份: 2006 ...
a gift or as an IRC section 83 transfer. The fate of existing split-dollar plans is less certain, pending IRS guidance expected later this year. Proper documentation for all split-dollar
also applies to private foundations, so past rulings in this area should provide guidance on the definition of reasonable cause. Unfortunately, written advice in the form of private letter rulings is unlikely because the IRS will not issue rulings on reasonable compensation cases and valuation ...