But others counter that it's not just legitimate, but essential, to exclude
smokers and chronically ill people to figure out what weight is healthiest.
for any taxable year beginning before January 1, 2002." This provision would likely have dictated the Ninth Circuit's conclusion as to how much Warren could exclude
for his parsonage allowance.
As Target illustrates, however, the same arguments can be used to exclude
the testimony of accountants who offer expert opinions on damages in litigation.
The latter may exclude
from gross income recoveries from loss wages resulting from the accident, but the former, assuming they meet the first hurdle (i.e., the statute has tort-like remedies), have the additional requirement of proving the damages were for physical or mental injuries caused by the illegal discrimination.
A plan cannot exclude
part-time employees as a class even if actual plan coverage, after excluding part-time employees, would meet the minimum coverage test of IRC section 410(b).
TEI recommends that paragraph 20.2(2)(c) not exclude
from adjusted equity any taxable profits or gains on a disposition to a non-arm's length party.
If one of the spouses continues to reside in the house, it remains his or her principal residence; this spouse still can roll over or exclude
If R and his second wife sell home 2 within two years of the sale of home 1, R will generally not be able to exclude
his portion of the gain on home 2, but his current wife will be able to exclude
her half of the gain, up to $250,000.
Generally, such trusts are designed to take full advantage of the unified credit in the grantor's estate and exclude
the corpus from the surviving spouse's estate.
(These limitations relate to the award's cost, not its FMV.) If the awards are under these limits, employees may exclude
their entire FMVs from gross income.
Both the ownership and use numbers must be 730 days or more to exclude
the gain, but do not have to be concurrent.
The extent of these modifications will likely determine the defensibility of the taxpayer's position to exclude
a vehicle from the luxury automobile limits.