IRC definition

Examples of IRC in a sentence

  • The Litigation Trustee may not be a Beneficiary or Other Distributee or related or subordinate (within the meaning of section 672(c) of the IRC) to any Beneficiary or Other Distributee.

  • For these purposes, the tax book value of the Litigation Trust Assets shall equal the fair market value of the Litigation Trust Assets on the Effective Date, adjusted in accordance with tax accounting principles prescribed by the IRC, the Treasury Regulations, and other applicable administrative and judicial authorities and pronouncements.

  • Except with respect to the Disputed Claims Reserve, in accordance with IRC section 6012 and Treasury Regulation section 1.671-4(a), the Litigation Trust shall file with the IRS annual tax returns on Form 1041.


More Definitions of IRC

IRC the Internal Revenue Code of 1986 or any successor law, and regulations issued by the IRS pursuant to the Internal Revenue Code or any successor law. "IRS"--the United States Internal Revenue Service or any successor agency, and, to the extent relevant, the United States Department of the Treasury.
IRC means the Internal Revenue Code of 1986, as amended, and any successor thereto.
IRC means the Internal Revenue Code of 1986, as amended, and all regulations promulgated thereunder.
IRC means the Indian Roads Congress;
IRC means the Internal Revenue Code of 1986 and all regulations promulgated thereunder.
IRC the Internal Revenue Code of 1986, as amended, or any successor law.