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
This safe harbor
applies only if the change in place of employment occurs during the period of the taxpayer's ownership and use of the property as his or her principal residence.
The estimated tax penalty should be converted to an interest charge and a safe harbor
should be created for all taxpayers, corporations and individuals.
OIG is also proposing clarifications to space and equipment rental, personal services, and management contracts safe harbors
A third safe harbor
requires taxpayers to allocate costs to lobbying by applying the principles of IRC section 263A's uniform capitalization regulations.
Treasury and the IRS have recently issued proposed guidance that includes safe harbors
intended to limit the potential complexity and burden of complying with the TIPRA amendments.
There are specific-event safe harbors
that must occur during the period the taxpayer owned and used the residence as a principal residence, under Regs.
Under these special rules, if a 401(k) plan complies with one of the two safe harbors
described below for a plan year, the ADP Test will automatically be satisfied for that plan year.