Section 167

Section 167 (26 U.S.C. §167)

The Internal Revenue Code section that addresses depreciation deductions.To find the law's text,see the instructions at Section (federal code).

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The Policy requires, among other things, advance notice to the Company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company other than pursuant to: (i) a proposal made in accordance with Division 7 of the Business Corporations Act (British Columbia) (the Act ); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act.
The Policy requires, among other things, advance notice to the Company in circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company other than pursuant to: (i) a "proposal" made in accordance with Division 7 of the Business Corporations Act (British Columbia) (the " Act "); or (ii) a requisition of the shareholders made in accordance with section 167 of the Act.
1239(a) provides that "in the case of a sale or exchange of property, directly or indirectly, between related persons, any gain recognized to the transferor shall be treated as ordinary income if such property is, in the hands of the transferee, of a character that is subject to the allowance for depreciation provided in section 167.
Daud Ali, of Wakehurst Place, Cardiff, and Sharif Ali, of Pioneer House, Adelaide Street, Coventry, both deny conspiracy to commit offences under Section 167 of the Customs and Excise Management 1979.
They both denyn conspiracyc to commit offences under Section 167 of the Customs and Excise Management Act 1979.
but section 167 allowed the amortization of both patents and copyrights.
He cited Section 167 (2) of the Criminal Procedure Code (CrPC), which states that a person cannot be kept in custody for more than 90 days without filing a chargesheet.
The petitioner said this constituted a case under Section 167 of the Indian Penal Code ( IPC) against the collector.
Under IRC [section] 132(a)(3), employees may exclude the fair market value of cell phone use from income as a "working condition" fringe benefit, but only to the extent that, if the employee had paid for the cell phone use, the payment would be deductible under section 162 (trade or business expenses) or section 167 (depreciable property).
Capitalization of an expenditure results in an increase in the taxpayer's adjusted basis in the property under section 1011 and affects the amount of the taxpayer's gain or loss upon disposition of the property (and, in the case of depreciable property under section 167, may increase the taxpayer's allowance for depreciation).
The 30 percent additional allowance applies only to property that is depreciated under IRC Section 168 (MACRS property) with limited exception of software, Section 167.
Policy Statements P-179, P181, and P-188 provide some guidance concerning CCRA's interpretation of the use of section 167, which has provided significant administrative benefits where the two parties involved are fully commercial entities.