Inure

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Inure

To cause or to result in. The word is most commonly used in legal documents, such as wills.

References in periodicals archive ?

First, the transactions caused the hospitals' earnings to inure to the benefit of private individuals because they constituted a sale or gift to physician-investors of an ownership interest in the net profits of the hospitals.

IRS determinations present challenges to physician compensation mechanisms

The sine qua non of the unitary business principle is the elimination of artificial line-drawing between entities engaged in the same general enterprise, which inures to the benefit of taxpayers and tax administrators alike.

Amicus curiae letter in General Motors Corp. v. Franchise Tax Board: August 31, 2004

Even though the broker was not party to the contacts of sale, the Court ruled that the contact clauses made specific reference the broker's representations, and thus, these barring provisions of the contract inure to the broker's benefit.

Real estate broker not liable if representations are not accurate

One type of benefit sought to be obtained from grantor trust treatment - exemplified by the "defective-trust" - is the payment of income tax by the donor on income that will inure to the benefit of other family members (such as children), who are remaindermen of the trust.

IRS ruling positions on grantor trust treatment result in uncertainty

The IRS also determined that arrangement did not cause any earnings or benefits to inure to private parties.

Joint venture to construct and operate an elder-care facility

In the first case, the Service reasoned that the dividend restriction on the issuer's stock was not a real penalty within the meaning of the regulations because it did not inure directly to the holder's benefit.

IRS limits "qualified stated interest" on debt instruments

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