Examples of Excess Loss Account in a sentence
The computation of such Excess Loss Account Tax Liability shall be made in accordance with the computational procedures of Section 3.05.
Not later than seven (7) days prior to each such Estimated Tax Installment Date, Compuware shall provide Covisint with a written notice setting forth the amount payable by Covisint in respect of any estimated Excess Loss Account Tax Liability (if then reasonably determinable, and if not then reasonably determinable, then as soon as reasonably practicable thereafter) and such estimated Covisint Separate Tax Liability and a calculation of such amounts.
Another conceptual definition of risk was given by (Ritchie & Brindley, 2007) as the multiplication of risk event, and the ability to detect the risk, and was formulated in the notation as Risk= Likelihood X Severity X Detection.
He was away from home for three weeks and felt that it was a complete waste of time.
With or as part of the income tax return for the year in which P takes into account any income attributable to an excess loss account in redeemed stock, P shall provide a statement entitled ‘‘Inclusion of Income Attributable to Excess Loss Account in Redeemed Stock.’’ The statement shall specify the amount of the income that is taken into account on such return pursuant to this paragraph (b)(5) and shall identify the shares to which such amounts relate.* * * * *(g) * * *Example 7.