Is she French, they are always the hardest to tame

 

Code Provisions Only Now...

� 117. Qualified scholarships

How Current is This?
(a) General rule
Gross income does not include any amount received as a qualified scholarship by an individual who is a candidate for a degree at an educational organization described in section 170 (b)(1)(A)(ii).
(b) Qualified scholarship
For purposes of this section�
(1) In general
The term �qualified scholarship� means any amount received by an individual as a scholarship or fellowship grant to the extent the individual establishes that, in accordance with the conditions of the grant, such amount was used for qualified tuition and related expenses.
(2) Qualified tuition and related expenses
For purposes of paragraph (1), the term �qualified tuition and related expenses� means�
(A) tuition and fees required for the enrollment or attendance of a student at an educational organization described in section 170 (b)(1)(A)(ii), and
(B) fees, books, supplies, and equipment required for courses of instruction at such an educational organization.
(c) Limitation
(1) In general
Except as provided in paragraph (2), subsections (a) and (d) shall not apply to that portion of any amount received which represents payment for teaching, research, or other services by the student required as a condition for receiving the qualified scholarship or qualified tuition reduction.
(2) Exceptions
Paragraph (1) shall not apply to any amount received by an individual under�
(A) the National Health Service Corps Scholarship Program under section 338A(g)(1)(A) of the Public Health Service Act, or
(B) the Armed Forces Health Professions Scholarship and Financial Assistance program under subchapter I of chapter 105 of title 10, United States Code.
(d) Qualified tuition reduction
(1) In general
Gross income shall not include any qualified tuition reduction.
(2) Qualified tuition reduction
For purposes of this subsection, the term �qualified tuition reduction� means the amount of any reduction in tuition provided to an employee of an organization described in section 170 (b)(1)(A)(ii) for the education (below the graduate level) at such organization (or another organization described in section 170(b)(1)(A)(ii)) of�
(A) such employee, or
(B) any person treated as an employee (or whose use is treated as an employee use) under the rules of section 132 (h).
(3) Reduction must not discriminate in favor of highly compensated, etc.
Paragraph (1) shall apply with respect to any qualified tuition reduction provided with respect to any highly compensated employee only if such reduction is available on substantially the same terms to each member of a group of employees which is defined under a reasonable classification set up by the employer which does not discriminate in favor of highly compensated employees (within the meaning of section 414 (q)). For purposes of this paragraph, the term �highly compensated employee� has the meaning given such term by section 414 (q).
[(4) Repealed. Pub. L. 101�140, title II, � 203(a)(1), (2), Nov. 8, 1989, 103 Stat. 830]
(5) Special rules for teaching and research assistants
In the case of the education of an individual who is a graduate student at an educational organization described in section 170 (b)(1)(A)(ii) and who is engaged in teaching or research activities for such organization, paragraph (2) shall be applied as if it did not contain the phrase �(below the graduate level)�.

Hypnotoad Will Comment on the Code Later

 

'Ariane'

 

thank you!

 

...could be my lucky one!
I am so glad I found Flyer Talk. I didnt even know about it until I clicked on someone's link and landed here.
Of course, hopeful to win the free flight to AMS!

YAY!

 

N579UA

 

A Hypnotoad Horn-Book on The I.R.C. is sure to be a best-seller...

� 118. Contributions to the capital of a corporation

How Current is This?
(a) General rule
In the case of a corporation, gross income does not include any contribution to the capital of the taxpayer.
(b) Contributions in aid of construction, etc.
For purposes of subsection (a), except as provided in subsection (c), the term �contribution to the capital of the taxpayer� does not include any contribution in aid of construction or any other contribution as a customer or potential customer.
(c) Special rules for water and sewerage disposal utilities
(1) General rule
For purposes of this section, the term �contribution to the capital of the taxpayer� includes any amount of money or other property received from any person (whether or not a shareholder) by a regulated public utility which provides water or sewerage disposal services if�
(A) such amount is a contribution in aid of construction,
(B) in the case of contribution of property other than water or sewerage disposal facilities, such amount meets the requirements of the expenditure rule of paragraph (2), and
(C) such amount (or any property acquired or constructed with such amount) is not included in the taxpayer�s rate base for ratemaking purposes.
(2) Expenditure rule
An amount meets the requirements of this paragraph if�
(A) an amount equal to such amount is expended for the acquisition or construction of tangible property described in section 1231 (b)�
(i) which is the property for which the contribution was made or is of the same type as such property, and
(ii) which is used predominantly in the trade or business of furnishing water or sewerage disposal services,
(B) the expenditure referred to in subparagraph (A) occurs before the end of the second taxable year after the year in which such amount was received, and
(C) accurate records are kept of the amounts contributed and expenditures made, the expenditures to which contributions are allocated, and the year in which the contributions and expenditures are received and made.
(3) Definitions
For purposes of this subsection�
(A) Contribution in aid of construction
The term �contribution in aid of construction� shall be defined by regulations prescribed by the Secretary, except that such term shall not include amounts paid as service charges for starting or stopping services.
(B) Predominantly
The term �predominantly� means 80 percent or more.
(C) Regulated public utility
The term �regulated public utility� has the meaning given such term by section 7701 (a)(33), except that such term shall not include any utility which is not required to provide water or sewerage disposal services to members of the general public in its service area.
(4) Disallowance of deductions and credits; adjusted basis
Notwithstanding any other provision of this subtitle, no deduction or credit shall be allowed for, or by reason of, any expenditure which constitutes a contribution in aid of construction to which this subsection applies. The adjusted basis of any property acquired with contributions in aid of construction to which this subsection applies shall be zero.
(d) Statute of limitations
If the taxpayer for any taxable year treats an amount as a contribution to the capital of the taxpayer described in subsection (c), then�
(1) the statutory period for the assessment of any deficiency attributable to any part of such amount shall not expire before the expiration of 3 years from the date the Secretary is notified by the taxpayer (in such manner as the Secretary may prescribe) of�
(A) the amount of the expenditure referred to in subparagraph (A) of subsection (c)(2),
(B) the taxpayer�s intention not to make the expenditures referred to in such subparagraph, or
(C) a failure to make such expenditure within the period described in subparagraph (B) of subsection (c)(2), and
(2) such deficiency may be assessed before the expiration of such 3-year period notwithstanding the provisions of any other law or rule of law which would otherwise prevent such assessment.
(e) Cross references
(1) For basis of property acquired by a corporation through a contribution to its capital, see section 362.
(2) For special rules in the case of contributions of indebtedness, see section 108 (e)(6).

 

I cannot believe this thread has so many more days to go.

 

'Arie Alkemade's Memory'


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Monitoring Networks

ANSS Map

In support of the USGS mission to predict and monitor hazardous events in near-real time, the USGS installs, operates, and maintains seismic stations in the US and around the world. Data from these stations are critical to the USGS National Earthquake Information Center (NEIC) for the detection, location and characterization of earthquakes around the world. Most stations transmit data in near-real-time, thereby contributing to USGS rapid earthquake information products such as the Earthquake Notification Service (ENS), Web pages, ShakeMaps, and PAGER earthquake impact estimates. Outside of the USGS, these data play a major role in the operations of the National Oceanic and Atmospheric Administration (NOAA) Tsunami Warning Centers and in the operations of the Comprehensive Test Ban Treaty Organization (CTBTO) and the Air Force Technical Applications Center (AFTAC), in their respective nuclear test treaty monitoring missions.
USGS National Seismic Networks

* Advanced National Seismic System (ANSS)
The ANSS is a USGS initiative to upgrade and expand seismic monitoring capabilities in the United States. Major elements of the ANSS include national, regional, urban and structural monitoring systems. The ANSS �backbone� is a critical component of the national system with the goal of a uniformly distributed network of high-quality broadband stations. ANSS will eventually be a nationwide network of at least 7000 shaking measurement systems, both on the ground and in buildings that will make it possible to provide emergency response personnel with real-time earthquake information, provide engineers with information about building and site response, and provide scientists with high-quality data to understand earthquake processes and solid earth structure and dynamics.
* National Strong Motion Program (NSMP)
NSMP has the primary Federal responsibility for recording each damaging earthquake in the United States on the ground and in man-made structures in densely urbanized areas to improve public earthquake safety. The program maintains a national cooperative instrumentation network, a national data center, and a supporting strong-motion data analyses and research center in support of this responsibility.

Global Seismic Networks

* Global Seismographic Network (GSN)
The Global Seismographic Network is a permanent digital network of state-of-the-art seismological and geophysical sensors connected by a telecommunications network, serving as a multi-use scientific facility and societal resource for monitoring, research, and education. Formed in partnership among the USGS, the National Science Foundation (NSF) and the Incorporated Research Institutions for Seismology (IRIS), the GSN provides near-uniform, worldwide monitoring of the Earth, with over 150 modern seismic stations distributed globally. GSN stations are operated by the USGS Albuquerque Seismological Laboratory, the IDA group at UC San Diego, and other affiliate organizations.

U.S. Regional & Cooperating Networks
Central U.S.

* St. Louis University Earthquake Center

* University of Memphis (CERI)

Eastern U.S.

* LCSN - Lamont Cooperative Seismic Network

* MIT Global Seismology Laboratory

* Puerto Rico Seismic Network, University of Puerto Rico

* University of South Carolina

* Virginia Tech Seismological Observatory

* Weston Observatory at Boston College

Western U.S.

* Alaska Earthquake Information Center

* Alaska Volcano Observatory

* Cacades Volcano Observatory

* California Integrated Seismic Network (CISN)

* Hawaii Volcano Observatory

* Montana Bureau of Mines and Geology

* Nevada Seismological Laboratory

* NOAA West Coast and Alaska Tsunami Warning Center

* Northern California Earthquake Data Center (Berkeley)

* Pacific Northwest Seismograph Network

* Southern California Earthquake Data Center (SCEC)

* U.C. San Diego and ANZA networks

* University of Utah Seismograph Stations

Links to Other Seismic Networks

* Consortium of Organizations for Strong-Motion Observation Systems (COSMOS)

* International Registry of Seismograph Stations
Seismograph Station Codes
* Seismosurfing
A comprehensive list of seismology groups with internet servers

 

May I say Welcome to FT

and I hope you lose

 

'Arie Deco Design'

 

 

Air Burkina