Examples of IRS Code in a sentence
Borrower is not a “foreign person” within the meaning of § 1445(f)(3) of the IRS Code.
OR is organized exclusively for charitable and educational purposes and for the purpose of fostering national or international amateur sports competition within the meaning of section 501(c)(3) of the IRS Code.
It is intended that OR shall have and continue to have the status of an organization which is exempt from federal income taxation under section 501(c)(3) of the IRS Code and to which contributions, bequests and gifts are deductible for federal income, estate and gift tax purposes under sections 170(c)(2), 2055(a)(2) and 2522(a)(2) of the IRS Code, respectively.
The law also mandates that boards of education establish a Section 125, Cafeteria Plan (IRS Code, 26 U.S.C. § 125), so that employees can pay for medical and dental expenses with pre-tax dollars.premium contribution required under the new law, 1.5% of their base salary or the contribution required under the applicable collective negotiations agreement.10The health care premium sharing component of the law expires on June 28, 2015.
If USA Swimming, is not then in existence, or is not then a corporation which is exempt under section 501(c)(3) of the IRS Code and to which contributions, bequests and gifts are deductible under sections 170(c)(2), 2055(a)(2) and 2522(a)(2) of the IRS Code, the net assets of MVS shall be distributed to a corporation or other organization meeting those criteria and designated by the House of Delegates at the time of dissolution, to be used exclusively for educational or charitable purposes.