501(c)(3) is a section of the U.S. Internal Revenue Code that defines tax-exempt entities, typically used by qualified charities. This article elaborates on its definition, requirements, examples, and related terms.
An in-depth exploration of Alternative Finance Arrangements (AFAs), a financial term applied in the UK Finance Acts to lending structures complying with Islamic finance principles, their historical context, types, significance, examples, and related terms.
An in-depth look at cafeteria plans, an employee benefits arrangement in the USA, including their history, types, key events, and much more.
Understanding the Emergency Tax Code used by the Inland Revenue in the UK.
A comprehensive guide on the Income Tax Code, its historical context, key functionalities, calculation methods, and its significance in the PAYE scheme.
The Internal Revenue Code (IRC) is the comprehensive set of federal tax laws that dictate tax policy, tax computations, tax collections, and enforcement protocols in the United States. This critical financial framework ensures uniform compliance and integrity in the federal taxation system.
Detailed examination of IRC Section 2503(e), a U.S. tax code provision detailing the laws around qualified transfers.
A comprehensive overview of IRC Section 409A, which regulates the treatment of deferred compensation in the U.S. tax code.
Qualifying Widow(er) Status provides tax benefits and considerations for widowed individuals in the federal income tax system.
Section 1245 Property refers to personal property that is subject to depreciation recapture, specifically in the context of tax regulations.
Tax Relief refers to provisions in the tax code that reduce the tax liability of individuals or firms, granted on the basis of taxpayer characteristics or actions.
Comprehensive guide to Capital Assets including definitions, types, tax implications, historical context, related terms, and examples.
Understanding how the amount claimed as a deduction for personal exemptions is reduced as Adjusted Gross Income (AGI) increases beyond a specified threshold.
Detailed explanation of the Internal Revenue Code of 1986, including its components, purpose, amendments, and interpretations through legislation and court rulings.
A depreciation method in the United States for tax purposes that allows businesses to recover the cost of property over a specified life span.
Detailed explanation of the phaseout of personal exemptions, including its history, the mechanics behind it, examples, and its implications in the context of tax regulations.
Explanation of Revenue Procedure under the U.S. Internal Revenue Code, outlining its definition, implications, types, examples, and related terms.
An in-depth exploration of Section 167 of the Internal Revenue Code, which outlines the rules for depreciation of property. Includes descriptions, formulas, and examples.
Explore the intricacies of Section 1231 property, including its definition, examples, and tax treatment. Understand how this tax code affects gains on the sale of depreciable business property held for over a year.
An in-depth look at Section 1245 of the Internal Revenue Code, which taxes gains on the sale of depreciated or amortized property at ordinary income rates, and includes definitions, types of property, and examples.
