Legal Opinions and Accountant Certifications, Volume 1Practising Law Institute, 1975 - Accountants |
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Page 142
... result in recapture of invest- ment credit as described under Tax Treatment of Sale of Units . A gift of less than all of such Units may result in recapture of a proportionate part of the credit . Treas . Reg . $ 1.47-6 ( c ) ( 2 ) ...
... result in recapture of invest- ment credit as described under Tax Treatment of Sale of Units . A gift of less than all of such Units may result in recapture of a proportionate part of the credit . Treas . Reg . $ 1.47-6 ( c ) ( 2 ) ...
Page 149
... result in ordinary income and deductions . ( 11 ) Deductible costs paid from borrowings and charged to a Participant under the Functional Allocation provisions will be currently deductible by the Participant if the adjusted tax basis of ...
... result in ordinary income and deductions . ( 11 ) Deductible costs paid from borrowings and charged to a Participant under the Functional Allocation provisions will be currently deductible by the Participant if the adjusted tax basis of ...
Page 417
... result in an excess over the total basis of a given Partner's interest in the Partnership this may result in a disallowance by the IRS of said excess . The undersigned makes you aware that the Con- gress and Internal Revenue Service are ...
... result in an excess over the total basis of a given Partner's interest in the Partnership this may result in a disallowance by the IRS of said excess . The undersigned makes you aware that the Con- gress and Internal Revenue Service are ...
Contents
LEGAL OPINIONS AND ACCOUNTANT CERTIFICATIONS | 8 |
The Formal Opinion Letter | 17 |
4 | 65 |
Copyright | |
17 other sections not shown
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accounting action additional adviser Agent Agreement alleges amended amount applicable assets Association attorney audit authority basis believe certificate client Code Commission common stock Company complaint conduct connection considered corporation counsel Court damages defendants determination directors disclosure distribution documents duty effect evidence examination Exchange exemption existing facts Federal filed further give given Glen Alden income interest Internal Revenue Internal Revenue Code investment involved issued issuer lawyer letter liability Limited Partners limited partnership loss material matter McCrory meaning merger Note offering officer operations opinion person position practice preparation present prior proceedings professional proposed purchase pursuant question Rapid reasonable receivable referred registration regulations represent respect responsibility result Rule Schenley securities Securities Act Service shares standards statements stockholders subsidiaries tion transaction United Valley violation York