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accommodation bill
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accommodation bill A bill of exchange accepted by an accommodation party, i.e. a person who signs without receiving value and for the purpose of...
Related newspaper, magazine, and journal articles from HighBeam Research
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Non-safe-harbor reverse-exchange guidance.
The Tax Adviser
; In Rev. Proc. 2000-37, the IRS issued safe-harbor guidance for certain reverse Sec. 1031 exchanges. In a reverse exchange, a taxpayer acquires replacement property before selling relinquished property. Rev. Proc. 2000-37 provides a safe harbor for certain parking arrangements, in which an
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Rev. Proc. 2004-51
United States. Internal Revenue Bulletin
; SECTION 1. PURPOSE This revenue procedure modifies sections 1 and 4 of Rev. Proc. 2000-37, 2000-2 C.B. 308, to provide that Rev. Proc. 20007 -37 does not apply if the taxpayer owns the property intended to qualify as replacement property before initiating a qualified exchange accommodation
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IRS issues guidance on use of accommodation parties in deferred like-kind exchanges.
The Tax Adviser
; Sec. 1031 (a) (1) provides that a taxpayer does not recognize gain or loss on an exchange of property held for productive use in a trade or business or for investment, if he exchanged the property solely for like-kind property that he intends to hold for the same reasons. Sec. 1031 (a) (3) provides
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 "Sunday Mirror (London, England)")
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pounds 352,000 SUB BILL.(News)
Sunday Mirror (London, England)
; THEcrew of the crippled Royal Navy nuclear sub HMSTireless have run up a pounds 352,000 accommodation bill in Gibraltar waiting for it to be repaired, it was revealed last night.
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 "AAP General News (Australia)")
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Fed: PM's Bali trip cost too much: Opposition
AAP General News (Australia)
; AAP General News (Australia) 05-22-2008 Fed: PM's Bali trip cost too much: Opposition The federal opposition says the 500-thousand dollar cost of ...
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