It should be noted that the IRS may revise the safe harbors
, the presumptions and the definitions of key concepts when it finalizes the proposed Sec.
However, if the original principal balance of any mortgage was $50,000 or less, the safe harbor
rate for servicing that mortgage is 0.
This revenue procedure sets forth the industry categories established by the Service for purposes of the safe harbor
Several other state associations are also close to finalizing partnerships with REALTOR Safe Harbor
2005-31, superseding Notice 2003-15, provides a safe harbor
for determining the finality of the adoption of a foreign-born child for purposes of the Sec.
121-3(e)(2) lists specific-event safe harbors
that must occur while the taxpayer owned and used the residence.
2000-37 does not disallow exchange treatment for non-safe harbor
reverse exchanges; it merely places those exchanges outside the safe harbor
For example, the revised safe harbor
would permit a level of indebtedness (the "safe harbor
amount") based on the value of the corporation's assets in each identified class.
To avoid underpayment penalties in 1991, Joe must make the required annual payment that is determined by the safe harbors
that identify situations where limitations are not expected to change the deduction should be an integral part of administering this section of the tax code.
Individuals are also provided with a safe harbor
to calculate the value of their personal belongings immediately before a 2005 hurricane, to determine a loss.
Under a safe harbor
, the primary reason for the sale or exchange is deemed to be a change in place of employment if a qualified individual's new place of employment is at least 50 miles farther from the residence sold or exchanged than was the former place of employment.