In a previous decision, the Tax Court stated that West Covina had not provided sufficient substantiation that any fees were allocable
entirely to inventory (West Covina Motors, Inc.
199-2(e)(1); (12) and then (2) determine the portion of the above amount that is properly allocable
to DPGR using Temp.
The Company reported a quarterly operating loss and a net loss allocable
to common shareholders of $390,000 and $395,000, respectively, in the fourth quarter of 2009 compared to an operating loss and a net loss allocable
to common shareholders of $484,000 and $448,000, respectively, in the comparable year ago period.
199 wage limitation amount includes only amounts that are properly allocable
Recent statutory changes limit the W-2 wages that may be counted in the overall W-2 wage limitation to those properly allocable
to DPGR and expand the wages that may be allocated to owners from passthrough entities.
In concluding it was not so allocable
, the court held that temporary regulations section 1.
We define FFO as net income allocable
to common stockholders adjusted to exclude the gains or losses on the sale of assets and adjusted to add back impairment charges, real estate depreciation and other non-cash charges.
To comply with this requirement, the partnership must determine whether it has any foreign partners, determine the partnership's ECTI allocable
to each foreign partner, compute the Sec.
2) expenses directly allocable
to the receipts, and
Of the total price, $1,525,000 is allocable
to the acquired trademarks, $519,807 is allocable
to the acquired accounts receivable and $115,500 is allocable
to the acquired inventory.
At least one payment, allocable
, for property use during a calendar year, is to be paid after the close of the following calendar year.
The entire common stock distribution with a record date of December 31, 2008 is allocable
to 2009 for federal income tax purposes.