|
Estate Of Rockefeller V. Commissioner
Estate of Rockefeller v. Commissioner, 762 F.2d 264 (2d Cir. 1985), was a case in which the United States Court of Appeals for the Second Circuit held that section 162(a) of the Internal Revenue Code only allows deductions against income for expenses that occur while carrying on a trade or business. Facts of the case Nelson Rockefeller had incurred $550,159.78 worth of legal fees and services with regard to his 1974 vice presidential confirmation hearings. Mr. Rockefeller then claimed a $63,275 deduction on his 1974 income tax return, which was the amount of his salary as vice-president. Determination of the court The 2nd Circuit affirmed the Tax Courts ruling that the deductions were not allowed under IRC section 162. The Court essentially compared Rockefeller's past job as Governor of New York with his position as Vice President A vice president, also director in British English, is an officer in government or business who is below the president (chief executive offi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Court Of Appeals For The Second Circuit
The United States Court of Appeals for the Second Circuit (in case citations, 2d Cir.) is one of the thirteen United States Courts of Appeals. Its territory comprises the states of Connecticut, New York and Vermont. The court has appellate jurisdiction over the district courts in the following districts: * District of Connecticut * Eastern District of New York * Northern District of New York * Southern District of New York * Western District of New York * District of Vermont The Second Circuit has its clerk's office and hears oral arguments at the Thurgood Marshall United States Courthouse at 40 Foley Square in Lower Manhattan. Due to renovations at that building, from 2006 until early 2013, the court temporarily relocated to the Daniel Patrick Moynihan United States Courthouse across Pearl Street from Foley Square; certain court offices temporarily relocated to the Woolworth Building at 233 Broadway. Because the Second Circuit includes New York City, it has long b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Expense
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or "remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake is dim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Court Of Appeals For The Second Circuit Cases
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Taxation And Revenue Case Law
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vice President Of The United States
The vice president of the United States (VPOTUS) is the second-highest officer in the executive branch of the U.S. federal government, after the president of the United States, and ranks first in the presidential line of succession. The vice president is also an officer in the legislative branch, as the president of the Senate. In this capacity, the vice president is empowered to preside over Senate deliberations at any time, but may not vote except to cast a tie-breaking vote. The vice president is indirectly elected together with the president to a four-year term of office by the people of the United States through the Electoral College. The modern vice presidency is a position of significant power and is widely seen as an integral part of a president's administration. While the exact nature of the role varies in each administration, most modern vice presidents serve as a key presidential advisor, governing partner, and representative of the president. The vice president ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Governors Of New York
The governor of New York is the head of government of the U.S. state of New York and the head of the executive branch of New York's state government and the commander-in-chief of the state's military forces.New York Constitution article IV, § 3. The officeholder has a duty to enforce state laws, to convene the New York State Legislature, the power to either approve or veto bills passed by the legislature, as well as to grant pardons, except in cases of treason and impeachment. Fifty-seven people have served as state governor, four of whom served non-consecutive terms ( George Clinton, DeWitt Clinton, Horatio Seymour, and Al Smith); the official numbering lists each governor only once. There has only been one female governor so far: Kathy Hochul. This numbering includes one acting governor: the lieutenant governor who filled the vacancy after the resignation of the governor, under the 1777 Constitution. The list does not include the prior colonial governors nor those who have a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Return (United States)
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency ( California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority. Federal returns Under the Internal Revenue Code returns can be classified as either ''tax returns'' or ''information returns'', although the term "tax return" is sometimes used to describe both kinds of returns in a broad sense. Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040. A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if the taxpayer is not required to calculate that amount ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nelson Rockefeller
Nelson Aldrich Rockefeller (July 8, 1908 – January 26, 1979), sometimes referred to by his nickname Rocky, was an American businessman and politician who served as the 41st vice president of the United States from 1974 to 1977. A member of the Republican Party and wealthy Rockefeller family, he previously served as the 49th governor of New York from 1959 to 1973. He also served as assistant secretary of State for American Republic Affairs for Presidents Franklin D. Roosevelt and Harry S. Truman (1944–1945) as well as under secretary of Health, Education and Welfare (HEW) under Dwight D. Eisenhower from 1953 to 1954. In 1980, HEW split into 2 cabinet level agencies: Health & Human Services (HHS) & Department of Education. A grandson of Standard Oil founder John D. Rockefeller, he was a noted art collector and served as administrator of Rockefeller Center in Manhattan, New York City. Rockefeller was often considered to be liberal, progressive, or moderate. In an agr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code Section 162(a)
Section 162(a) of the Internal Revenue Code ((a)), is part of United States taxation law. It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. If an expense is not deductible, then Congress considers the cost to be a consumption expense. Section 162(a) requires six different elements in order to claim a deduction. It must be an ::1) ordinary ::2) and necessary ::3) expense ::4) that was paid or incurred during the taxable year ::5) in carrying on ::6) a trade or business activity.(a). These elements have been interpreted by the courts and administrative agencies to determine if an expenditure is deductible as a business expense. Ordinary and Necessary In general, the expense should be routine and directly related to the business activity. Ordinary does not require be habitual or made often; the court only requires that the expense is one that is ordinary and necessa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laurance S
Laurance is a surname or given name. Notable people with the name include: Surname * John Laurance (1750–1810), American lawyer and politician from New York * William F. Laurance William F. Laurance (born 12 October 1957), also known as Bill Laurance, is Distinguished Research Professor at James Cook University, Australia and has been elected as a Fellow of the Australian Academy of Science. He has received an Australian ... (born 1957), American-Australian biology professor * Bill Laurance (born 1981), English composer, producer, and multi-instrumental musician Given name * Laurance Doyle (born 1953), American scientist with the SETI Institute * Laurance Rockefeller (1910–2004), American philanthropist, businessman, financier, and conservationist * Laurance Rudic (born 1952), British theatre artist * Laurance Safford (1893–1973), U.S. Navy cryptologist * Laurance Browning VanMeter (1958 - ), Kentucky Supreme Court Justice 2017 - present See also * Laurence (disa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code
The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC). It is organized topically, into subtitles and sections, covering income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service. Origins of tax codes in the United States Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not separately organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the Revised Statutes of the United States, approved June 22, 1874, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jon O
Jon is a shortened form of the common given name Jonathan, derived from "YHWH has given", and an alternate spelling of John, derived from "YHWH has pardoned". Behind the Name. Retrieved on 2013-09-06. The name is spelled in and on the . In the Nordic countries, it is derived from |
