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In the News - 21 Nov: Barry Bonds Mitt Romney Rupert Murdoch Santa Claus Pearl Harbor

Topic: Internal Revenue Code

Vital Stats

The Brain has inferred the following facts from reading text collected on the topic:

Favorite website(s):

Hunger Site

Politics:

Animal rights

Dream job(s):

Tax Collector, Social worker

Favorite actor(s):

Bruce Willis

Favorite animal(s):

Greyhound

Interest(s):

Community Theatre, Law

Likes to wear:

Low cut hipster jeans

Favorite movie(s):

Superman

Listens to:

Folk, Jimi Hendrix

Medical note(s):

Mentally retarded

Ultimate fantasy(s):

Getting off welfare, Bankruptcy

Membership(s):

World Vision, National Rifle Association

Favorite quote(s):

"Distrust any enterprise that requires new clothes." - Henry David Thoreau (1817-1862)
"Any man who is under 30 , and is not a liberal, has not heart; and any man who is over 30, and is not a conservative, has no brains." - Sir Winston Churchill (1874-1965)

Expert Talk

The Brain has selected interesting relevant sentences from the web. It automatically assigned them to some of our fictitious experts based on their personalities.

John Fielding,
CEO

Internal Revenue Code Section 1031 provides that capital gains taxes are deferred when business or investment real estate is exchanged rather than sold.
SABO is a federally recognized tax-exempt charitable organization as defined under 501(c)(3) of the Internal Revenue Code; contributions are tax-deductible.
FLOW is registered with the IRS as a tax-exempt, nonprofit charitable organization under Section 501(c)3 of the Internal Revenue Code.

Brian Mengel,
Civil Servant

Keston USA is recognized by the Internal Revenue Service as a tax-exempt organization under section 501(c)(3) of the US tax code, thus donations by US taxpayers are tax deductible.
The Corporation shall conduct its activities in accordance with Section 501 (c) (3) of the Internal Revenue Code or the corresponding section of any future federal tax code.
Adequate funding requires tax exempt status under Section 501(c) of the Internal Revenue Code, and the Society had not previously pursued such exemption.

Mike Enlow,
Internet Marketer

Internal Revenue Code Section 179 allows you to write off purchases of business assets up to $24,000 in 2002, subject to limitations.

User Talk

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