Unrelated Person

Unrelated Person

A person to whom one is not related by blood or marriage. In most business transactions, one is generally not required to disclose the nature of one's relationship with an unrelated person because it is less likely that an unrelated person will create a conflict of interest.
References in periodicals archive ?
The weird thing is, YOU might look like an unrelated person on the other side of the world/city/mountain, you just don't know it because they're not famous and neither are you.
The explanation of how an unrelated person could be a wonderful father for Pandora is a strong conclusion to an otherwise complex story.
For purposes of this provision, "services which are performed for, or on behalf of, a related person" include services performed by a CFC for an unrelated person in a situation in which "substantial assistance" contributing to the performance of such services has been furnished by a related person or persons.
In general, in a sale or exchange transaction, "old" T is treated as selling all of its assets to an unrelated person while owned by S, and "new" T is treated as acquiring all of the assets from an unrelated person in exchange for the aggregate deemed asset disposition price (ADADP) on the close of the disposition date.
Petersen said those admitted were a family of four where the father had been to Saudi Arabia, and an unrelated person who had been to Qatar.
Having a trained, trusted and yet unrelated person at the end of the line, text message or online is a really accessible way of allowing young people to reach out.
The latter requirement would seem to rule out a taxpayer's claiming a dependency exemption for the child of an unrelated person, even if the taxpayer provides a home for all three (taxpayer, unrelated person and child) and supports the child.
Deal with your business on an arm's-length basis, that is, as if you were dealing with an independent, unrelated person.
They are completely independent, self-contained units that happen to have one more unrelated person living in them than they're supposed to," Mr.
The federal tax code allows developers of qualifying renewable energy facilities to take a renewable energy production tax credit based on the amount of electricity sold by the taxpayer to an unrelated person during each taxable year over a 10-year period from the date the facility was originally placed in service.
For purposes of this exception, the "substantial contribution" test is not applied, so a CFC may satisfy the exception as long as the property is manufactured in that country under the physical manufacturing test and irrespective of whether the manufacturer is a related or an unrelated person, or whether it uses its own employees of employees of another corporation to operate the manufacturing plant in the "same" country.
Mr Goose said: "At its best, the probability of one DNA profile, matching that of another from a separate unrelated person is less than one in a billion.