Reports of the Tax Court of the United States, Volume 38U.S. Government Printing Office, 1963 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
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Page 24
... principal amount first mortgage note , payable two ( 2 ) years from date , secured by real estate located in Cook County , Illinois , having an appraised value of not less than $ 500,000 , which mortgage note shall be endorsed by Buyer ...
... principal amount first mortgage note , payable two ( 2 ) years from date , secured by real estate located in Cook County , Illinois , having an appraised value of not less than $ 500,000 , which mortgage note shall be endorsed by Buyer ...
Page 37
... principal as trustee may think desirable for the welfare , comfort , and support of settlor , or for his hospitalization or other emergency needs , held not to be a completed gift of the remainder interest in the principal of the trust ...
... principal as trustee may think desirable for the welfare , comfort , and support of settlor , or for his hospitalization or other emergency needs , held not to be a completed gift of the remainder interest in the principal of the trust ...
Page 38
... principal thereof as follows : A. During the lifetime of Settlor : 1. The income shall be paid to him or to his order , or upon his direction , shall be accumulated and added to the principal . 2. As much of the principal as Trustee may ...
... principal thereof as follows : A. During the lifetime of Settlor : 1. The income shall be paid to him or to his order , or upon his direction , shall be accumulated and added to the principal . 2. As much of the principal as Trustee may ...
Page 40
... principal . These were the only amounts paid out of the trust principal to Leon or for his benefit . OPINION . The principal issue for decision is whether taxable gifts resulted from transfers to a trust established by Leon by deed of ...
... principal . These were the only amounts paid out of the trust principal to Leon or for his benefit . OPINION . The principal issue for decision is whether taxable gifts resulted from transfers to a trust established by Leon by deed of ...
Page 42
... principal of the trust as fixed in the trust agreement . However , the trust agreement itself gave the trustee power to pay directly to Leon or for his benefit as much of the principal of the trust as the trustee thought desirable for ...
... principal of the trust as fixed in the trust agreement . However , the trust agreement itself gave the trustee power to pay directly to Leon or for his benefit as much of the principal of the trust as the trustee thought desirable for ...
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Common terms and phrases
acquired addition adjustments agreed agreement allowed amended apply assets basis capital gain cash certiorari City of Gunnison claimed collateral estoppel computed contract corporation cost Court death decedent decedent's December 31 decision deduction depreciation director of internal distribution district director dividend Docket earnings employees entitled equipment escrow expenses fair market value filed fiscal follows gift Grand Bahama gross income held hereinafter included income tax return interest Internal Revenue Code issue January Jerseymaid June June 30 Knights of Columbus lease Lexington Herald-Leader liability liquidation ment mortgage October 31 ordinary income paid parties partner partnership payable payments percent period peti petitioner petitioner's Pomona College principal prior profits purchase purpose pursuant real estate respect Respondent determined respondent's September 30 settlor shareholders shares sold Speedway statute stipulated stockholders Stoll supra taxable income taxpayer Thorson tion tioner transfer Trust Company United wife
Popular passages
Page 9 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.
Page 234 - 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...
Page 472 - Traveling expenses (including the entire amount expended for meals and lodging) while away from home In the pursuit of a trade or business...
Page 88 - If the taxpayer omits from gross Income an amount properly Includible therein -which Is In excess of 26 percent of the amount of gross Income stated In the return, the tax may be assessed, or a proceeding In court for the collection of such tax may be begun without assessment, at any time within 6 years after the return was filed. For purposes of this subparagraph — (I) In the case of a trade or business, the term "gross Income...
Page 699 - In the case of a false or fraudulent return with intent to evade tax or of a failure to file a return the tax may be assessed, or a proceeding in court for the collection of such tax may be begun without assessment, at any time.
Page 9 - If an exchange would be within the provisions of paragraph (3) of sub-division (b) if it were not for the fact that the property received in exchange consists not only of stock or securities permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Page 699 - If any part of any deficiency is due to negligence, or intentional disregard of rules and regulations but without intent to defraud. 5 per centum of the total amount of the deficiency (In addition to such deficiency) shall be assessed, collected, and paid in the same manner as if it were a deficiency, except that the provisions of section 571, relating to interest on deficiencies, shall not be applicable.
Page 327 - Do any other act which would make it impossible to carry on the ordinary business of the partnership, (d) Confess a judgment, (e) Submit a partnership claim or liability to arbitration or reference.
Page 16 - If an intangible asset is known from experience or other factors to be of use in the business or in the production of income for only a limited period, the length of which can be estimated with reasonable accuracy, such an intangible asset may be the subject of a depreciation allowance.
Page 191 - Includes periodic payments (whether or not made at regular intervals) received after such decree in discharge of (or attributable to property transferred, in trust or otherwise, In discharge of) a legal obligation which, because of the marital or family relationship, is Imposed on or Incurred by the husband under the decree or under a written instrument incident to such divorce or separation.