Examlex
After completing an overseas assignment in Oslo (Norway), Daniel retires from Pelican Corporation and moves to a retirement community in Key West (Florida). Daniel's moving expenses from Oslo to Key West are deductible as they are exempt from the time test.
Profit Shares
Refers to the portion of a company's profits distributed to its shareholders or used as an incentive mechanism for employees.
Technological Breakthrough
A significant innovation or discovery that dramatically advances a field or industry.
Nuclear Energy
A form of energy produced through nuclear reactions, such as in nuclear fission or fusion, often used for generating electricity.
Government Laboratory
A research facility owned and operated by the government to conduct scientific research and development.
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