Posts Tagged ‘definitions’
“Withholding Agent”
26 U.S.C. §7701(a)(16) TITLE 26 > Subtitle F > CHAPTER 79 > Sec. 7701.Sec. 7701. – Definitions (a)(16) Withholding agent The term ”withholding agent” means any person required to deduct and withhold any tax under the provisions of section 1441, 1442, 1443, or 1461. [See Title 26, Subtitle A, Chapter 3, Subchapter A: Nonresident Aliens and Foreign Corporations] IRS Form 2678 IRS Form 2678 is the only way…
Read MorePROOF OF FACTS: “IncludIBLE” or “includABLE”?
The main word used for equivocation about whether an earning is statutory “income” is the word “includible” v. “includable”. Here is the trickery involved: Legal Documents In legal documents, the use of “includable” or “includible” can have a significant impact on the interpretation of the document. For example, if a contract states that certain items…
Read MoreFranchise
“Franchise: A special privilege conferred by government on individual or corporation, and which does not belong to citizens of country generally of common right.” [Artesian Water Co. v. State Dept. of Highways and Transp., Del.Super., 330 A 2d 432, 439.] “As was said in Wisconsin v. J. C. Penney Co., 311 U.S. 435, 444 (1940),…
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