Related member definition

Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

Related member means a person that, with respect to the

Related member means a person that, with respect to the Taxpayer during any portion of the Taxable Year, is any one of the following:

Examples of Related member in a sentence

• Related member interest or intangible expense paid to a related member that receives more related member interest or intangible income (expense to the payor) than it pays interest or intangible expense to unrelated third parties will be limited because only a portion of the related member interest or intangible expense/income is considered to have “passed through” to the unrelated third parties.

• Related member has $1,000 of receipts: $225 of royalty receipts from Taxpayer, $225 of interest receipts from Taxpayer, $400 of receipts from the sale of goods to Taxpayer, and $150 of miscellaneous receipts.

• Related member conducts manufacturing operations, licenses intangible property and loans money to Taxpayer.

• Related member has $1,000 of total receipts: $400 of royalty receipts from the licensing of intangibles, $300 of receipts from the sale of widgets and $300 of receipts from widget repair services.

• Do not enter the tax rate of a jurisction in which the related member is filing with the taxpayer on a combined or unitary basis.3a Tax rate from related member’s return 3a3b Tax rate from related member’s return 3b3c Tax rate from related member’s return 3c3d Tax rate from related member’s return 3d3e Tax rate from related member’s return 3e4 Related member apportionment percentage(s) for the jurisdiction(s) referenced in line 3.

More Definitions of Related member

Related member means a person that, with respect to the taxpayer during all or any portion of the

Related member means a partnership or corporation which:

Related member means a person or entity that, with

Related member means a person that, with respect to the entity during all or any portion of the taxable year, is:

Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is a related entity, a component member as defined in Section 1563(b) of the Internal Revenue Code, or is a person to or from whom there is attribution of stock ownership in accordance with Section 1563(e) of the Internal Revenue Code.

Related member means a person that, with respect to the taxpayer during all or any

Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is: (1) a related entity, (2) a component member as defined in subsection (b) of section 1563 of the Code; (3) a person to or from whom there is attribution of stock ownership in accordance with subsection (e) of section 1563 of the Code; or (4) a person that, notwithstanding its form of organization, bears the same relationship to the taxpayer as a person described in (1) to (3), inclusive.