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. B . NO . <br /> (c) The following wages paid to an elderly individual are ineligible <br /> 2 to be claimed by the employer for this credit: <br /> 3 (1) No wages shall be taken into account under this section <br /> with respect to an elderly individual who: <br /> 5 a. Bears any of the relationships described in section <br /> 6 152(d)(2)(A) through (G) of the Internal Revenue Code <br /> 7 to the taxpayer, or, if the taxpayer is a corporation, to <br /> 8 an individual who owns, directly or indirectly, more <br /> 9 than fifty per cent in value of the outstanding stock of <br /> 10 the corporation (determined with the application of <br /> 11 section 267(c) of this Internal Revenue Code); <br /> b. If the taxpayer is an estate or trust, is a grantor, <br /> 13 beneficiary, or fiduciary of the estate or trust, or is an <br /> 14 individual who bears any of the relationships <br /> 15 described in section 152(d)(2)(A) through (G) of the <br /> 16 Internal Revenue Code to a grantor, beneficiary or <br /> 17 fiduciary of the estate or trust: or <br /> 18 C. Is a dependent (described in section 152(d)(2)(H) of the <br /> 19 Internal Revenue Code) of the taxpayer. or, if the <br /> 20 taxpayer is an estate or trust, of a grantor, beneficiary, <br /> 21 or fiduciary of the estate or trust; and <br /> 2 <br />