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Thor Power Tool Company v. Commissioner, 439 U.S. 522 (1979), was a United States Supreme Court case in which the Court upheld IRS regulations limiting how taxpayers could write down inventory.
For example, Revenue Ruling 79-24 was the twenty-fourth revenue ruling issued in 1979. Public administrative rulings are part of second-tier authorities and are subordinate to the Internal Revenue Code and other statutes, Treasury regulations, treaties, and court decisions. They hold higher weight than third-tier authorities, such as ...
Vortec is a trademarked name for a line of gasoline engines for General Motors trucks. The name first appeared in an advertisement for the 1985 model year 4.3 L V6 that used "vortex technology" to create a vortex inside the combustion chamber , creating a better air / fuel atomization. [ 1 ]
The Ramjet is a continuous-flow port-injection system. Unlike later fuel injection systems that used electronics, this one is based on purely mechanical principles. The two main sub-assemblies of the system are the air meter and the fuel meter. The air meter measures airflow into the engine and manages thermostatic warmup enrichment, fuel ...
The LLV (also called Vortec 2900) is a 2.9 L; 178.3 cu in (2,921 cc) straight-4 DOHC engine produced between 2007 and 2012, with a 95.5 mm × 102 mm (3.76 in × 4.02 in) bore and a stroke. It replaced the LK5 and produced 185 hp (138 kW) at 5,600 rpm and 190 lb⋅ft (258 N⋅m) of torque at 2,800 rpm.
Known as IRS Free File, the program allows those with an adjusted gross income of $73,000 or less to file their federal tax returns for free just by answering a few simple questions and using a ...
For the final six months of 2022, the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022.
The interpretation that the Internal Revenue Service (IRS, the agency that handles federal taxation) has for this is described in Revenue Ruling 99-40 of the Internal Revenue Manual, that uses the term "use of money". [2] The corresponding statutory guidance is in Section 6601(a) of the Internal Revenue Code. [3] [4] [5]