The final regulations
changed the definition of a QRT.
The taxpayer's second argument was that the IRS should not have applied the regulations
to his transaction.
The federal government's ability to regulate within an area is significant because federal regulation
means that a single, nationwide scheme may be in effect, rather than potentially dozens of conflicting or overlapping state schemes.
Based on my research of state regulations
over the past year, there are several key issues regulators will be facing when they either revise existing regulations
or adopt new ones.
The new regulations
require that all housing developments within two square miles of a light-rail station contain at least 12 units per acre - roughly double what was allowed under previous zoning laws.
In the case of a lease, the attachment must be signed by the lessor, the lessee and any agents, and must include a lead warning statement mandated by the regulations
; the same information on known lead-based paint and lead-based paint hazards which is required in the case of sales; a statement by the lessee acknowledging receipt of the above information and the required pamphlet; and a statement by any involved agent that the agent has informed the lessor of the lessor's obligations and that the agent is aware of the agent's duty to ensure compliance with the regulations
implementing Stark I were published on March 11, 1992.
Disabling the full body of federal regulations
was a big job.
As EPA regulations
develop, changes often occur involving individual wastes that influence disposal decisions, hence, the importance of reviewing regulation
preambles that can contain important background.
The final regulations
provide that, for an exchange subject to Sec.
In addition, the proposed regulations
adopt a direct benefit test that will require taxpayers to determine at the inception of any service-offering component the precise identity of the affiliates that will consume that component.
In 1985, the private sector took a big step toward better self-regulation through the formation of the National Commission on Fraudulent Financial Reporting, the "Treadway Commission." The commission's organizer, the Committee of Sponsoring Organizations (COSO), made up of five major professional organizations--Financial Executives International, The Institute of Internal Auditors, AICPA, National Association of Accountants (now the Institute of Management Accountants) and American Accounting Association--set benchmarks for internal controls, de facto standards used to comply with SEC regulations
and, later, the Sarbanes-Oxley Act of 2002.