So should we assume that if we meet the 162 requirements as interpreted under applicable case law rulings, the safe harbor is not relevant?

We only have a blanket reference to a "trade or business," which without further clarity, I would think HAS to be interpreted to mean a Section 162 trade or business.

Hi Account Closed  - that is exactly what we want to do....have a PO Box or PMB (same as PO Box but from the UPS Store)......But we were interpreting this as our business address even though it is a box.  

We've read through the IRS resources, but are not sure whether our interpretation of the grey areas will align with what the IRS actually wants.Regarding our tax plan, we think the itemized deduction approach will be more beneficial than the standard deduction approach.

It seems your interpretation is a bit off, not that it's your fault as this is an extremely complex part of the code.

Aloha,@Jovan Kitchen it is critical to review and properly interpret the Governing Documents and Financial reports, including current Operating Budget, most recent Reserve Study, and the Reserve Funding Plan.

Correct me if I'm wrong.I don't have the cites, but I'm fairly sure that the way the IRS interprets this is that if you have "earned" the bonus or salary payment and essentially have the unlimited right to receive it with no further action or risk on your part, then you have constructively received it even though you told them to withhold the payment for some future tax year.

I guess we will have to agree to disagree unless an attorney wants to chime in.John, Respectfully, you are interpreting this all wrong. 

@Nick Shuber  Interpreting your statement leads me to several observations:1.

@Wei Jie Yang Yes, there are turnkey providers (even though that term is interpreted differently by different people).