Individual Income Tax Provisions of the Internal Revenue Code: Applicable to Taxable Years Beginning in 1946 Or Later |
From inside the book
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Page xiv
... Commissioner .. Sec . 3706. Records of sale . Sec . 3707. Cross references__ 220 221 221 222 PART III - GENERAL ... Commissioner's decisions . Sec . 3791. Rules and regulations_ . 235 235 Sec . 3792. Expenses of detection and punishment ...
... Commissioner .. Sec . 3706. Records of sale . Sec . 3707. Cross references__ 220 221 221 222 PART III - GENERAL ... Commissioner's decisions . Sec . 3791. Rules and regulations_ . 235 235 Sec . 3792. Expenses of detection and punishment ...
Page xv
... COMMISSIONER OF INTERNAL REVENUE SUBCHAPTER A - THE COMMISSIONER Sec . 3901. Powers and duties__ . Page 253 CHAPTER 41 - COLLECTORS OF INTERNAL REVENUE SUBCHAPTER D - Covering of COLLECTIONS INTO THE TREASURY Sec . 3971. Deposit of ...
... COMMISSIONER OF INTERNAL REVENUE SUBCHAPTER A - THE COMMISSIONER Sec . 3901. Powers and duties__ . Page 253 CHAPTER 41 - COLLECTORS OF INTERNAL REVENUE SUBCHAPTER D - Covering of COLLECTIONS INTO THE TREASURY Sec . 3971. Deposit of ...
Page 9
... Commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer , inventories shall be taken by such taxpayer upon such basis as the Commissioner , with the approval of the Sec- retary , may ...
... Commissioner the use of inventories is necessary in order clearly to determine the income of any taxpayer , inventories shall be taken by such taxpayer upon such basis as the Commissioner , with the approval of the Sec- retary , may ...
Page 10
... Commissioner determines that the taxpayer has used for any such subsequent taxable year some procedure other than ... Commissioner , and if , at the time of such election , it is established to the satisfaction of the Commissioner , in ...
... Commissioner determines that the taxpayer has used for any such subsequent taxable year some procedure other than ... Commissioner , and if , at the time of such election , it is established to the satisfaction of the Commissioner , in ...
Page 16
... Commissioner ) a reasonable addition to a reserve for bad debts ; and when satisfied that a debt is recoverable only in part , the Commissioner may allow such debt , in an amount not in excess of the part charged off within the taxable ...
... Commissioner ) a reasonable addition to a reserve for bad debts ; and when satisfied that a debt is recoverable only in part , the Commissioner may allow such debt , in an amount not in excess of the part charged off within the taxable ...
Common terms and phrases
adjusted basis allowed America amortization application approval Article assessment bond calendar centum certificate chapter claim collection collector Commissioner compensation computed corporation credit or refund decedent December 31 deduction deficiency determined distraint distribution district dividends election employee enterprise entitled estate or trust estimated tax exceed excess excess profits taxes expiration fiduciary filed foreign personal holding gain or loss gross income included income from sources income tax individual interest internal revenue June 29 liability ment months net estate net income nonresident alien operating loss overpayment paid paragraph partnership payment penalties personal holding company present Convention profits provided in section purposes regulations prescribed resident respect Revenue Act sale or exchange Secretary section 23 shareholder standard deduction Stat stock or securities subchapter subparagraph subsection Supplement surtax Tax Court tax imposed taxable year beginning taxation taxpayer term thereof tion trade or business transfer United Kingdom wages withholding exemptions
Popular passages
Page 218 - If two or more persons conspire either to commit any offense against the United States, or to defraud the United States in any manner or for any purpose...
Page 13 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 228 - person" as used in this section includes an officer or employee of a corporation or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.
Page 223 - Sec. 3226. No suit or proceeding shall be maintained in any court for the recovery of any internal- revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 6 - States or any of its possessions, and if no part of their net earnings inures to the benefit of any private shareholder or individual ; or (5) a domestic fraternal society, order, or association, operating under the lodge system, but only if such contributions or gifts are to be used exclusively for religious, .charitable, scientific, literary, or educational purposes...
Page 28 - ... it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 92 - All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt, custody, disposal, or payment of interest (except interest on deposits with persons carrying on the banking business paid to persons not engaged in business in the United States...
Page 54 - ... 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 the amount of the earnings and profits at the time the distribution was made.
Page 5 - DEPLETION. —In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case; such reasonable allowance in all cases to be made under rules and regulations to be prescribed by the Commissioner, with the approval of the Secretary.
Page vii - gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service ... of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income...