Overview of Tax Policy Issues Related to the Air Transportation Industry And Description of H.R. 2354 : Scheduled for a Hearing Before the Subcommittee On Oversight of the House Committee On Ways And Means On October 24, 1989 Jcx-67-89

Cover Overview of Tax Policy Issues Related to the Air Transportation Industry And Description of H.R. 2354 : Scheduled for a Hearing Before the Subcommittee On Oversight of the House Committee On Ways And Means On October 24, 1989 Jcx-67-89
Overview of Tax Policy Issues Related to the Air Transportation Industry And Description of H.R. 2354 : Scheduled for a Hearing Before the Subcommittee On Oversight of the House Committee On Ways And Means On October 24, 1989 Jcx-67-89
United States. Congress. Joint Committee On Taxation
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Furthermore, if the nominal lessor may force the nominal lessee to purchase the property at the end of the lease term, the nominal lessor also may not have retained sufficient benefits and burdens of ownership because the risk that there would be no market for the property at the end of the lease term would be eliminated.
-11- D. Treatment of Transactions Involving Qualified Pension Plans and Employee Stock Ownership Plans (ESOPs) Background If a pension, profit-sharing, or stock bonus plan qua
...lifies under the Internal Revenue Code ("qualified pension plan"), then (1) a trust under the plan generally is exempt from income tax, and (2) employers generally are allowed deductions (within limits) for contributions to the trust for the year for which the contributions are made. The participants in the plan, however, are not taxed on plan benefits until the benefits are actually distributed.
A defined benefit pension plan is a type of qualified pension plan under which an employee accrues a specified retirement benefit set forth in the plan that is not related to the amount of assets held by the plan or any account balance maintained for the employee.


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