Medical Research [Internal Revenue] Law and Legal Definition
Pursuant to 26 CFR 1.170A-9 (d) (iii) [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; Computation of Taxable Income; Itemized Deductions for Individuals and Corporations], the term Medical Research means “the conduct of investigations, experiments, and studies to discover, develop, or verify knowledge relating to the causes, diagnosis, treatment, prevention, or control of physical or mental diseases and impairments of man. To qualify as a medical research organization, the organization must have or must have continuously available for its regular use the appropriate equipment and professional personnel necessary to carry out its principal function. Medical research encompasses the associated disciplines spanning the biological, social and behavioral sciences. Such disciplines include chemistry (biochemistry, physical chemistry, bioorganic chemistry, etc.), behavioral sciences (psychiatry, physiological psychology, neurophysiology, neurology, neurobiology, and social psychology, etc.), biomedical engineering (applied biophysics, medical physics, and medical electronics, for example, developing pacemakers and other medically related electrical equipment), virology, immunology, biophysics, cell biology, molecular biology, pharmacology, toxicology, genetics, pathology, physiology, microbiology, parasitology, endocrinology, bacteriology, and epidemiology.”
Legal Definition list
- Medical Research [Internal Revenue]
- Medical Records
- Medical Practice Facility [Banks & Banking]
- Medical Practice
- Medical Peer Review
- Medical Review Officer (MRO)
- Medical Savings Account (MSA)
- Medical Savings Account Plan (MSA Plan)
- Medical Services [Employee Compensation]
- Medical Standard Mileage Rate
- Medical Supplies
Related Legal Terms
- 21st Century Nanotechnology Research and Development Act of 2003
- Acceptable Medical Source
- Accounting Research Bulletin (ARB)
- Accumulation plan [Internal Revenue]
- Actuarial Present Value [Internal Revenue]
- Aeromedical Evacuation
- Agency for Healthcare Research and Quality
- Aging Research
- Agricultural Research Advisory Board
- Agricultural Research Service
