Tag: IN
-
Internal Revenue Ruling 2004-38
Internal Revenue Ruling 2004-38 — Health Savings Accounts Section 223. – Health Savings Accounts ISSUE May an individual contribute to a Health Savings Account (HSA) under section 223 of the Internal Revenue Code if the individual is covered by both a high deductible health plan (HDHP) that does not cover prescription drug benefits and by…
-
International Students
International Students International Students: Understanding U.S. Taxes International students, researchers and faculty members at Schools and Universities should be aware of their U.S. income tax obligations. United States tax laws distinguish between residents and non-residents for U.S. tax purposes. Non-residents only pay taxes on U.S. source income, while residents follow the same tax rules as…
-
Internal Revenue Bulletin
About Internal Revenue Bulletin: The Internal Revenue Bulletin (IRB) is a weekly publication summarizing various U.S. Internal Revenue Service (IRS) administrative rulings….
-
Income Tax Treaties
Income Tax Treaties Signed Treaties The most up-to-date information is on the IRS website. See the following IRS list for tax treaties, alphabetical by country: A Armenia Australia Austria Azerbaijan B Bangladesh Barbados Belarus Belgium Bulgaria C Canada China Cyprus Czech Republic D Denmark E Egypt Estonia F Finland France…
-
Internal Revenue Code
About Internal Revenue Code: The Internal Revenue Code Of 1986 (IRC) is an enactment or legislation passed by Congress that specifies what income is to be taxed, how it is to be taxed, and what may be deducted from taxable income. Court cases, regulations, revenue rules, and revenue procedures attem…
-
Intercompany Transactions
About Intercompany Transactions: Intercompany Transactions or Intercorporate Transactions are transactions between members of an affiliated group filing a consolidated return; gain or loss is deferred until a property is disposed of outside the group. For INTERCOMPANY PRICING, see: “Transfer pricing…
-
Industrial Revenue Bond
About Industrial Revenue Bond: Industrial Revenue Bond (irb): see industrial development bond….
-
Individual Retirement Account
About Individual Retirement Account: Individual Retirement Account (IRA) is a trust fund to which any individual employee can contribute up to $2,000 per year. However, income level and eligibility for an employee pension plan determine whether or not the employee's contribution is tax- deductible. …
-
Intangible Drilling and Development Cost
About Intangible Drilling and Development Cost: The Intangible Drilling And Development Cost (IDC) is the cost incurred in drilling, testing, completing, and reworking oil and gas wells, such as labor, core analysis, fracturing, drill stem testing, engineering, fuel, and geologists' expenses; also a…
-
Inventory Cycle
About Inventory Cycle: as used in the Bardahl formula, average inventory divided by cost of goods sold….