When researchers exclude
the sick and smokers, he adds, "almost all the relationship between leanness and lung cancer goes away.
By skipping a generation, the grantor excludes
the property from the probate and taxable estate of first-generation beneficiaries (usually children).
A may exclude
only $105,000 ($250,000 $145,000) from the 2005 sale and has taxable gain of $28,000 ($133,000 - $105,000 = $28,000).
6) Thus, H and S would not be qualified to use the majority-of-the-year test to exclude
the gain from the sale of the Hilton Head property until the objective factors are more beneficial.
Efforts by an avowed monopolist to artificially set market shares to exclude
competition clearly violates antitrust standards globally.
COD income to the extent of an insolvency (if applicable), or entirely when the discharge occurs in a Title 11 case (i.
132(a)(3) allows an employee to exclude
working-condition fringe benefits from gross income, defined by Sec.
106 allows an employee to exclude
employer reimbursements for health insurance premiums, but only if the employee actually pays those premiums.
Therefore, the court concluded that if Congress had intended to exclude
exempt assets from a taxpayer's assets in determining whether the taxpayer is insolvent for Sec.
Operating Income will be revised to exclude
In the calculation of earnings, gross margin and operating expenses before amortization of acquired intangibles and special charges, Mentor Graphics excludes
amortization of acquired intangibles and write-offs of in-process R&D from acquisitions.
Since 1939, ministers have been allowed to exclude
from income the value of a home or parsonage provided for them.