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14 unusual facts about Internal Revenue Code


Alliantgroup

Domestic Production Deduction (DPD): The Internal Revenue Code Section 199 provides tax incentives for businesses that perform domestic manufacturing and certain other production activities.

Arizona Roller Derby

In 2010, AZRD held a league meeting where league management decided to restructure the league from a limited liability company to a non-profit corporation under section 501(c) of the Internal Revenue Code.

Birds Nest Foundation

In summer 2010, Birds Nest foundation became an official public charity under section 501(c)(3) of the US Internal Revenue Code.

Donald Shoup

His research on employer-paid parking led to the passage of California’s parking cash-out law, and to changes in the Internal Revenue Code to encourage parking cash out.

Kent Dawson

Judge Dawson rejected one of Schiff's common tax protester arguments that no law imposes a liability on an individual for income taxes, instructing the jury that sections 1, 61, 62 and 6012 of the Internal Revenue Code "working together, make an individual liable for income taxes".

MEPSI

MEPSI became a non-profit corporation under Illinois statues on February 6, 1957 and is a tax exempt educational organization under Internal Revenue Code section 501(c)(3).

National Fish and Wildlife Foundation

NFWF is a public charity under the IRS tax code and treated as a private corporation established under Federal law.

Qualified domestic relations order

U.S. tax code; preservation of the tax deferred status of the funds is the responsibility of the movant.

Star Island

The Star Island conference center is owned and operated by the Star Island Corporation, a not-for-profit United States Internal Revenue Code Section 501(c)(3) membership organization incorporated in the state of Massachusetts.

Teacher Retirement System of Texas

TRS administers a defined benefit retirement plan that is a qualified pension trust under Section 401(a) of the Internal Revenue Code.

United States Attorney for the Northern District of California

Because of the complexity of the Internal Revenue Code, the Tax Division was created to specialize in tax-related litigation.

WellMed Medical Management, Inc.

Established in 2006, the WellMed Charitable Foundation is a Non-profit organization in accordance with 501(c)3, a provision of the United States Internal Revenue Code that specifically corresponds with organizations that fit these descriptions: Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.

Wiccan church

Some Wiccan and Neopagan organizations have chosen to achieve formal legal status by becoming non-profit corporations within their states or provinces, and sometimes they additionally obtain tax-exempt status in the United States under § 501(c)(3) of the Internal Revenue Code.

Wigner Medal

Donations are tax deductible as provided pursuant to the provisions of Section 170 of the Internal Revenue Code, a federal code of the USA.


College Savings Plans of Maryland

Both plans are 529 plans, named after the section of the Internal Revenue Code that permits states to establish and administer tax-advantaged college savings plans.

Foundation for Middle East Peace

The Foundation is a non-profit charitable and educational organization qualified under Section 501(c)(3) of the Internal Revenue Code.

National Federation of Independent Business v. Sebelius

On January 31, 2011, Judge Roger Vinson ruled that the mandatory health insurance "individual mandate"—the provision of Internal Revenue Code section 5000A imposing a "shared responsibility penalty" on nearly all Americans who fail to purchase health insurance—was outside the power of Congress.

Nonpartisanism in the United States

Nonpartisanism in the United States is organized under United States Internal Revenue Code (501(c)) that qualifies certain non-profit organizations for tax-exempt status because they refrain from engaging in certain prohibited political activities.

Taxation of cooperative corporations in the United States

The taxation of cooperative corporations in the United States is subject to special rules under subchapter T of the Internal Revenue Code, different from both subchapter C and subchapter S corporations.