Safe Harbor Rule


Also found in: Medical.

Safe Harbor Rule

An IRS rule protecting taxpayers from losing favorable tax treatment as long as their actions are taken in good faith.
References in periodicals archive ?
In the new pharmacy benefits safe harbor rule, for example, they say that pharmacies can reduce the effects of federal health program cost-sharing requirements only for customers who are poor enough to qualify for the Medicare Part D prescription drug program premium subsidy program.
Congress created the safe harbor rule because it has also implemented rules to encourage people to save for their retirements.
In the absence of a new Safe Harbor rule, the GDPR does recognize standard contractual clauses and binding corporate rules as legitimate frameworks for transferring EU citizen data out of the EU.
The amount of the monthly annuity payments that could be excluded was determined under the safe harbor rule contained in Notice 88-118 by dividing the investment in the contract by a figure found in tables provided in the IRC.
While the BON does not have authority over workplace issues, such as determining nurse to patient ratios, there are protections in both the NPA and the Safe Harbor Rule 217.
The status under the Securities Act of any annuity, other than an annuity that is determined under rule 151A to be not an "annuity contract" or "optional annuity contract," continues to be determined by reference to the investment risk and marketing tests articulated in existing case law under Section 3(a)(8) and, to the extent applicable, the Commission's safe harbor rule 151.
The temporary regulations establish a safe harbor rule under which allocations of foreign tax expenditures will be deemed in accordance with each partner's interests in the partnership.
Some employers believe the 15 business-day provision is a safe harbor rule on such transmittals, and that they have until the 15th business day after the month in which the amounts were withheld from the paychecks.
In Part I, I introduce and define the terms "constitutional prophylactic rule," "constitutional safe harbor rule," and "constitutional incidental right,"(2) and attempt to legitimate their use.
In Field Assistance Bulletin (FAB) 2015-02, the Department of Labor (DOL) responds to a recurring comment about the safe harbor rule regulation it issued in 2008 regarding the selection of annuity providers under defined contribution (DC) plans and the scope of fiduciary obligations with respect to annuity selection under these plans.
The safe harbor rule is based on Section 3(a)(8) of the federal Securities Act, which provides exemption from regulation under the federal Securities Act "any insurance or endowment policy or annuity Contract or optional contract issued by a corporation subject to supervision of the appropriate insurance regulatory of any state.
The government agreed and modified the safe harbor rule to provide that the holding period for purposes of the land safe harbor generally begins on the date the taxpayer acquires title to the land, unless the purchase price under the option agreement does not approximate the fair market value of the land.