Section 101(a)(1) states the general rule that the proceeds of life insurance policies, if paid by reason of the death of the insured, are excluded from the gross income of the recipient. Questions and answers relating to interest on certain loans used to acquire employer securities (temporary). Outline of regulations under section 132.Įxclusion from gross income for certain fringe benefits. Qualified educational assistance program. Suspension of 5-year period for certain members of the uniformed services and Foreign Service.Īpplicable rules relating to certain reduced uniformed services retirement pay.Įxclusion of insurance proceeds for reimbursement of certain living expenses.Įffect of the Family and Medical Leave Act (FMLA) on the operation of cafeteria plans.Īmounts received under a qualified educational assistance program. Reduced maximum exclusion for taxpayers failing to meet certain requirements. Notice of application for recognition of status of qualified group legal services plan.Įxclusion of gain from sale or exchange of a principal residence. Statutory subsistence allowance received by police. Meals and lodging furnished for the convenience of the employer. Items not considered as scholarships or fellowship grants.įederal grants requiring future service as a Federal employee.Ĭontributions to the capital of a corporation. Mustering-out payments for members of the Armed Forces.Įxclusion of amounts received as a scholarship or fellowship grant. Recovery of certain items previously deducted or credited.Ĭombat zone compensation of members of the Armed Forces. Qualified lessee construction allowances. Indebtedness satisfied by partnership interest.Īpplication of the bankruptcy and the insolvency provisions of section 108 to grantor trusts and disregarded entities.ĭefinitions and effective/applicability dates.ĭeferred discharge of indebtedness income and deferred original issue discount deductions of C corporations.Īpplication of section 108(i) to partnerships and S corporations.Įxclusion from gross income of lessor of real property of value of improvements erected by lessee. Limitations on the exclusion of income from the discharge of qualified real property business indebtedness. Time and manner for making election under the Omnibus Budget Reconciliation Act of 1993. Obligations of certain volunteer fire departments.Īmounts attributable to employer contributions.Ĭontributions by employer to accident and health plans.Īcquisition of indebtedness by a person related to the debtor.Įlection to reduce basis of depreciable property under section 108(b)(5) of the Internal Revenue Code. Interest on bonds to finance industrial parks.Įxemption for certain small issues of industrial development bonds. Interest on bonds to finance certain exempt facilities. Interest upon obligations of a State, territory, etc. Mortality table used to determine exclusion for deferred payments of life insurance proceeds. Payment of life insurance proceeds at a date later than death. Items Specifically Excluded From Gross IncomeĮxclusion from gross income of proceeds of life insurance contracts payable by reason of death.
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