safe harbor

(redirected from Safe Harbors)
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ThesaurusAntonymsRelated WordsSynonymsLegend: harbor - the target company defends itself by acquiring a company so onerously regulated that it makes the target less attractive; "the acquisition gave the company a safe harbor"
porcupine provision, shark repellent - a measure undertaken by a corporation to discourage unwanted takeover attempts
References in periodicals archive ?
2005-31 provides separate safe harbors for the finality of the adoption and the tax year of finality.
For taxpayers not meeting these strict requirements, a reduced exclusion may be available if safe harbors are met; CPAs should become familiar with these rules.
A forward exchange occurs when a taxpayer sells the relinquished property, then later buys a replacement property within delayed exchange safe harbors, such as qualified intermediary and qualified escrow account [Treas.
Williams also stated that the IRS is examining whether there should be safe harbors with regard to services.
The rule also requires that the exchanger use a safe harbor to hold the proceeds while the exchange is in progress, spelling out what those safe harbors are.
This article reviews the conventional safe harbors and explains how they have been modified and concludes with tax planning suggestions.
2006-32 provides safe harbors for individuals who want to use this provision to determine the (1) decrease in the FMV of their personal-use residential real property and (2) pre-hurricane FMV of personal belongings.
A taxpayer's primary reason for the sale or exchange is deemed to be unforeseen circumstances if one of the following safe harbors occurs during the taxpayer's ownership and use of the property:
Ashby remarked that in the past Treasury has viewed safe harbors as a one-way street.
The purpose of the safe harbors was to provide protection from both civil and criminal liability for certain payment practices.
The IRS proposed several safe harbors, discussed below, to help taxpayers determine such expenses.