The Code of Federal Regulations of the United States of America: Having General Applicability and Legal Effect in Force June 1, 1938, 2. grāmataU.S. Government Printing Office, 1941 |
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adjusted basis Administrator allowed amended by A.O. amortization amount applicable approval assessment beginning after December bonds capital gains capital loss centum Commissioner computed cost December 31 deduction depletion depreciation determined distribution dividends earnings and profits earnings or profits effective employees erty excess exchange exempt fair market value February 28 filed foreign corporation Form funds gain or loss gross income home owner included income from sources income tax indebtedness interest Internal Revenue Code inventory liquidation loan ment mortgage mortgagor nonresident alien operating loss paragraph payment percent period person poration prescribed prior provided in section purchase purpose quired received reconditioning Regional Manager regulations respect Revenue Act section 112 section 23 share shareholders short-term capital sirup specified Stat stock or securities surtax net incomes tax imposed taxable year beginning taxpayer term thereof tion trade or business trust United
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1996. lappuse - No gain or loss shall be recognized If property Is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation, and immediately after the exchange such person or persons are in control of the corporation...
1958. lappuse - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
2036. lappuse - dividend' when used in this title (except in section 203 (a) (3) and section 207 (c) (1), relating to insurance companies) means any distribution made by a corporation to its shareholders, whether in money or in other property, (1) out of its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to...
2005. lappuse - ... a transfer by a corporation of all or a part of its assets to another corporation if immediately after the transfer the transferor or its...
1898. lappuse - In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions, on the basis of the trust...
2131. lappuse - The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual...
1985. lappuse - Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 percent per annum, whichever is greater, on the value of the consideration for which the stock was issued...
1888. lappuse - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24. 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from the taxes imposed by this chapter.
1955. lappuse - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
1986. lappuse - Corporation or association organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title; or Thirteenth.