SIFLStandard Industry Fare Level (Civil Aeronautics Board)
SIFLShanghai International Football League (China)
SIFLSelf Inflicted Frontal Lobotomy
SIFLSave It for Later
References in periodicals archive ?
In that case, the taxpayer had used the special SIFL valuation rules applicable to flights on noncommercial aircraft under Treas.
The use of SIFL valuation guidelines was announced in some detail in a Senate Finance Committee report (152) accompanying 1985 legislation principally concerned with eliminating a requirement of contemporaneous recordkeeping of business automobile usage.
The SIFL System is a key component in conjunction with the CSRV engines when they are being fueled by natural and landfill gaseous fuels.
The Tax Court further held that the fact that the SIFL amount may be substantially less than the offsetting deduction is irrelevant and that taxpayers may take as a deduction the full cost of allowing their executives to use corporate aircraft for personal purposes.
61-21(g) (known as the Standard Industry Fare Level or SIFL rules) to determine the value of the executives' entertainment trips.
NEW YORK--(ENTERTAINMENT WIRE)--January 6, 1999--Back by popular demand, MTV debuts the second season of "The Sifl and Olly Show" on January 11th in its new time slot at 8:00PM (ET/PT), kicking off MTV's prime-time music lineup.
Thus, the mismatch of income inclusion versus deductible expense previously enjoyed by taxpayers using SIFL to value personal use may be a thing of the past.
In virtually every instance involving the use of corporate jets, this working condition fringe safe harbor for security-related travel reduces the valuation of personal trips on the corporate jet from 400 percent of the SIFL rates to 200 percent.
In general, the value of personal flights taxable to employees using SIFL does not correspond with the employer's actual costs of providing the flights.
14) The SIFL rate is multiplied by an "aircraft multiple" based on an airplane's weight and whether the employee is classified as a control employee, or a non-control employee, and a terminal charge is added.
Tenders are invited for Machining of sifl 796m gear crankshaft Forgings(proof machining) (forgings shall be
Under the new standards for using the special valuation rules, if this reporting error were ever discovered on audit, the amount of the adjustment in imputable but unreported income would be limited to the SIFL rate for a non-control employee (which is far less than the charter value of the flight).