OBRA89

(redirected from Omnibus Budget Reconciliation Act of 1989)
AcronymDefinition
OBRA89Omnibus Budget Reconciliation Act of 1989
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But the Omnibus Budget Reconciliation Act of 1989 brought with it the so-called "earnings stripping provisions" of Sec.
The Improved Penalty Administration and Compliance Act was enacted as part of the Omnibus Budget Reconciliation Act of 1989.
1503(e) was added by the Revenue Act of 1987 and modified by the Technical and Miscellaneous Revenue Act of 1988 ITAMRA), the Omnibus Budget Reconciliation Act of 1989 and the Revenue Reconciliation Act of 1990.
As part of the Omnibus Budget Reconciliation Act of 1989, Congress enacted the Improved Penalty and Compliance Tax Act.
Unfortunately, some may find NOL carryback claims jeopardized by the corporate equity reduction transaction (CERT) provisions enacted in the Omnibus Budget Reconciliation Act of 1989 (OBRA) and included in Sec.
The Omnibus Budget Reconciliation Act of 1989 amended section 6038A of the Internal Revenue Code by expanding the class of corporations subject to that information reporting provision to include corporations with at least 25-percent foreign ownership and by imposing additional recordkeeping requirements on those corporations.
The Omnibus Budget Reconciliation Act of 1989 (OBRA) substantially modified the statutory scheme for the civil fraud penalty, providing a somewhat less complex structure that is better integrated with the other civil penalties.
Under the most recent revision set forth in the Omnibus Budget Reconciliation Act of 1989, 64 percent of R&E expenses that are attributable to activities conducted in the United States are allocated to U.
Editor's Note: The foregoing statutory references are to the Internal Revenue Code prior to the enactment of the Omnibus Budget Reconciliation Act of 1989, Pub.
54) Section 6621(c) of the Code was repealed by section 7721(b) of the Omnibus Budget Reconciliation Act of 1989, Pub.
By one count, there have been more than 139 public laws enacted since 1976 that, one way or the other, have changed the Internal Revenue Code--including the Omnibus Budget Reconciliation Act of 1989.
Lessons from Federal Penalty Reform: TEI has been extremely active in the reform of the civil penalty provisions of the Internal Revenue Code and is pleased that the recently enacted Omnibus Budget Reconciliation Act of 1989 (H.