The Tax Court denied a taxpayer's claim that the interest expense deduction for IRC [section] 265 qualified tax-exempt obligations (QTEOs) held by a qualified subchapter 5 subsidiary (QSub) bank is exempt from IRC [section] 291(a)(3) financial institution preference item limitations.
What does QTEO stand for?
QTEO stands for Qualified Tax-Exempt Obligation
This definition appears very rarely and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
- Quantité (French; also qté)
- Quick Tag Editor (software tool; Microsoft)
- Quick Time Event (gaming)
- Quick Timer Event (gaming)
- True Bearing
- Queensland Tertiary Education Alliance (formed 2003)
- QinetiQ Technology Extension Corporation (Corona, CA)
- Quick Time Electric Cutout
- Qatar Telecommunications Company (also seen as Q-TEL)
- Quasi-Transverse Electromagnetic
- Quadratic Transfer Function (mathematics)
- Quadrature Transmit Filter
- Quake Team Fortress (online gaming)
- Quality Task Force
- Quality Thin Films, Inc. (est. 1991; Oldsmar, FL)
- Quality Timber Frame (UK)
- Quantitative Temperature Forecast (meteorology)
- Quoted for Truth
- Triangulated Location (radiotelegraphy)
- Qualified Transportation Fringe Benefit (employee benefit)
Samples in periodicals archive:
291(e)(1)(B), deems any qualified tax-exempt obligation acquired after Aug.
If qualified tax-exempt obligations are acquired by a financial institution, only 20% of the interest expense attributable to the obligations is disallowed.