Examlex
In an operating distribution,when a partnership distributes property other than money with a basis that exceeds the partner's outside basis,the partner assigns a carryover basis to the distributed assets and recognizes a gain.
Zoning Commission's Ruling
A decision provided by a local governmental body that determines how land within its jurisdiction can be used, based on established zoning laws and regulations.
Customary Accessory Use
The use of a property or building that is considered acceptable and incidental to the main use in accordance with local customs or laws.
Small Business Administration
A U.S. government agency that provides support to entrepreneurs and small businesses, including loans, loan guarantees, and other resources.
Executive Agency
An agency that is typically located within the executive branch, under one of the cabinet-level departments. The agency head is appointed by the president with the advice and consent of the Senate and may be discharged by the president at any time, for any reason. Also called a cabinet-level agency.
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Q102: Suppose Clampett,Inc.terminated its S election on August