He presumably would have done so by relying on a special IRS "safe harbor" rule relating to the taxation of a service partner's receipt of such interests, but that rule emphatically does not apply to an interest when sold to a retirement plan, which is supposed to be measured by its true fair market value.
This rule can apply where there is a relatively greater amount of indebtedness in the U.S. than offshore, and net interest expense exceeds a specified percentage of adjusted taxable income.
FORBES: Territorial Tax Proposal Provides a Look into the Future of Corporate Taxation
He said the two-strikes rule would apply to serious sexual offences or violent offences that would command a sentence of 10 years or more.
The usual tax rule that forgiveness of a loan is a form of income does not apply to education loans.
As a general rule I feel pretty good about the process and the discipline we apply to our brands so it goes back to testing versus topicality again.
And any cuts now are a gift that keeps on giving, with helpful compounding effects in outyears unless they are erased or undone by future legislation (always a good bet, but the bird-in-the-hand rule should apply here).
FORBES: On Government Spending, It's Time For Short-Term Thinking
One planning rule, which dates back to 1979, states that landowners must apply for permission to use a field for caravans or tents.
BBC: NEWS | UK | Wales | South West Wales | 'Ease planning law' call on Gower
Perhaps the most troubling aspect of the rule is that it will, in practice, apply almost exclusively to schools that operate on a for-profit basis.
Lastly, the rule does not apply to rollovers into or out of Qualified Retirement Plans (QRPs) such as a 401(k).
FORBES: What You Need To Know About Your IRA Rollovers And Transfers
Now, under a Fair Credit Reporting Act rule that took effect Jan. 1, lenders must either tell those who apply for credit exactly what score was used, or explain how credit reports were used if the applicant doesn't receive the best terms available.
WSJ: Getting Going: Why the Latest Credit-Score Fixes Fall Short
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