Federal taxable income means taxable income as defined in section 63 of the internal revenue code, except that federal taxable income shall be calculated as if section 168(k) and section 199 of the internal revenue code were not in effect.
Federal taxable income means taxable income as defined
Examples of Federal taxable income in a sentence
Each Member whose federal Tax Credits were utilized on the Consolidated Federal Return shall receive the amount by which Members with Federal Taxable Income have had their allocable portion of the Consolidated Federal Tax reduced as a result of such federal Tax Credit or, if applicable, the carryover of such federal Tax Credit.
Each Member that has a federal Net Operating Loss shall receive the amount by which Members with Federal Taxable Income have had their allocable portion of the Consolidated Federal Tax reduced as a result of such federal Net Operating Loss or, if applicable, the carryover of such federal Net Operating Loss.
Line 4 - Federal Taxable Income of Fiduciary Enter the amount of federal taxable income of the fiduciary from federal Form 1041, Line 22.
More Definitions of Federal taxable income
Federal taxable income means the taxable income of Holdings for any taxable year computed pursuant to Section 1363(b) (or any successor provision) of the Code but calculated as if the taxable year of Holdings ended on the date with respect to which such taxable income calculation is made, reduced, but not below zero, by the amount of any Suspended Losses treated as incurred by Holdings in, and allowed as deductions on the tax returns of Holdings’ stockholders for, such taxable year.
Federal taxable income means taxable income as defined in Section
Federal taxable income means, when referring to an individual, "taxable income", as that term is defined and described in section 63 of the Internal Revenue Code (26 U.S.C. 63), and means, when referring to a trust or estate, "taxable income", as that term is defined and described in subtitle A, chapter 1, subchapter J, of the Internal Revenue Code (26 U.S.C., subchapter J).
Federal taxable income means taxable income, before operating loss deduction and special deductions, as required to be reported for the taxpayer's taxable year under the Internal Revenue Code.
Federal taxable income means taxable income as defined in section 63 of the internal revenue code without the deductions described under section 703(a)(2) of the internal revenue code. For the purposes of this part in computing federal taxable income, an S corporation shall be treated as a corporation under section 1361(a)(2) of the internal revenue code and a partnership shall be treated as an association taxable as a corporation pursuant to an election under 26 CFR 301.7701-3(a).
Federal taxable income means the taxable income of Parent for any taxable year computed pursuant to Section 1363(b) (or any successor provision) of the Code but calculated as if the taxable year of Parent ended on the date with respect to which such taxable income calculation is made, reduced, but not below zero, by the amount of any Suspended Losses which are treated as incurred by Parent in, and allowed as deductions on the tax returns of Parent's stockholders for, such taxable year.
Federal taxable income means the taxable income of Ahern Rentals for any taxable year computed pursuant to Section 1363(b) (or any successor provision) of the Code or, if Ahern Rentals becomes a partnership for U.S. federal income tax purposes, Section 703(a) (or any successor provision) of the Code, but calculated as if the taxable year of Ahern Rentals ended on the date with respect to which such taxable income calculation is made, reduced, but not below zero, by the amount of any Suspended Losses which are treated as incurred by Ahern Rentals in, and allowed as deductions on the tax returns of Ahern Rentals’ stockholders (or partners) for, such taxable year.