Tag: CO
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Combat Pay
Description and Definition of Combat Pay Pay received by members of the U.S. Armed Forces and support personnel in combat zones, including designated peace keeping areas. Military pay received by enlisted personnel serving in combat or designated peace-keeping areas is tax-free. Officer pay is […]
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College Savings Plan
College Savings Plans, I.R.C. § 529 Issue You may find information about College Savings Plans, I.R.C. § 529 in this Tax Platform of the American Encyclopedia of Law.
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Court Decisions
Court Decisions For information about court decisions in the United States, click in the American Encyclopedia of Law. For a list of the decisions, visit the Cases platform of the Encyclopedia. Access Revenue Procedures Court Decisions reported in the Internal Revenue Bulletin: Ct. D. 2078 – RAYMOND B. YATES, M.D., P.C. PROFIT SHARING PLAN ET…
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Court of Federal Claims
About Court of Federal Claims: A Washington, D.C.-based appellate-level court in which a taxpayer may sue the government for a refund of overpaid taxes; formerly called the Claims Court….
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Controlled
About Controlled: denoting any kind of control, direct or indirect, whether or not legally enforceable, and however exercisable or exercised. It is the reality of control that is decisive, not its form or the mode of its exercise. Former Temporary Regulation (check <a href="http://lawi.us/temporary-…
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Controlled Foreign Corporation
About Controlled Foreign Corporation: Controlled Foreign Corporation (CFC) is a foreign corporation more than 50% of whose value or interest is owned by U.S. shareholders. A U.S. shareholder is a U.S. citizen who owns 10% or more of the voting stock. The 10% shareholders of a CFC are required to inc…
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Consolidated Return Change of Ownership
About Consolidated Return Change of Ownership: Consolidated Return Change Of Ownership (CRCO) is a situation in which there has been a 50 percentage point change in the ownership of the parent corporation (measured for the 10 major shareholders after the change), and the change in ownership is due t…
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Consolidation
About Consolidation: A-type reorganization, in which two or more corporations are combined into a new corporation If no boot is received, the reorganization is tax-free. Former IRC (check if this IRC provision is current here) §368(a)(1…
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Cost of Securities Sold
About Cost of Securities Sold: for dealers in tax-exempt securities, the beginning inventory valuation plus the cost of securities purchased, less the closing inventory. Former IRC (check if this IRC provision is current here) § 75(b)….
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Commercially Domiciled
Commercially Domiciled is a legal term that is. referring to the principal place from which a corporation's trade or business is managed or directed. UDITPA §l(b)….