Managerial Services [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.924(a)-1T (f) (2) [Title 26 Internal Revenue; Chapter I Internal Revenue Service, Department of the Treasury; Subchapter A Income Tax; Part 1 Income Taxes; Normal Taxes and Surtaxes; Tax Based on Income from Sources within or without the United States; Earned Income of Citizens or Residents of United States; Earned Income of Citizens of United States], the term Managerial Services means “activities relating to the operation of an unrelated FSC or an unrelated interest charge DISC which derives foreign trading gross receipts or qualified export receipts as the case may be from the sale or lease of export property and from the furnishing of services related and subsidiary to those sales or leases. The term includes staffing and operational services necessary to operate the unrelated FSC or unrelated interest charge DISC, but does not include legal, accounting, scientific, or technical services. Examples of managerial services are: conducting export market studies, making shipping arrangements, and contacting potential foreign purchasers.”
Legal Definition list
Related Legal Terms
- Absent Uniformed Services Voter
- Acceptable Identification of Goods and Services Manual
- Accumulation plan [Internal Revenue]
- Action for the Loss of Services
- Actuarial Present Value [Internal Revenue]
- Actuarial Services [Employee Retirement]
- Additional Health Services
- Administrative Support Services [Education]
- Adult Day Services (ADS) (Health Care)
- Adult Protective Services
