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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... Period in which items of gross income included_ Sec . 43. Period for which deductions and credits taken . Sec . 44. Installment basis_ _ _ Sec . 45. Allocation of income and deductions . Sec . 46. Change of accounting period .. Sec . 47 ...
... Period in which items of gross income included_ Sec . 43. Period for which deductions and credits taken . Sec . 44. Installment basis_ _ _ Sec . 45. Allocation of income and deductions . Sec . 46. Change of accounting period .. Sec . 47 ...
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... Period in which items of gross income included . Sec . 43. Period for which deductions and credits taken .. Sec . 44. Installment basis_ Sec . 45. Allocation of income and deductions___ Sec . 46. Change of accounting period ... Sec . 47 ...
... Period in which items of gross income included . Sec . 43. Period for which deductions and credits taken .. Sec . 44. Installment basis_ Sec . 45. Allocation of income and deductions___ Sec . 46. Change of accounting period ... Sec . 47 ...
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... Period of limitation upon distraint .. Sec . 3715. Successive seizures .. Sec . 3716. Fees and charges in distraint ... Periods of limitation__ 225 225 SUBCHAPTER F - CLOSING AGREEMENTS AND COMPROMISES Sec . 3760. Closing agreements ...
... Period of limitation upon distraint .. Sec . 3715. Successive seizures .. Sec . 3716. Fees and charges in distraint ... Periods of limitation__ 225 225 SUBCHAPTER F - CLOSING AGREEMENTS AND COMPROMISES Sec . 3760. Closing agreements ...
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... period ending more than 10 years from the date of such decree or instrument , but only to the extent that such installment payment for the taxable year of the wife ( or if more than one such installment payment for such taxable year is ...
... period ending more than 10 years from the date of such decree or instrument , but only to the extent that such installment payment for the taxable year of the wife ( or if more than one such installment payment for such taxable year is ...
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... PERIOD . In the case of a taxable year of less than twelve months on account of a change in the accounting period , the standard deduction shall not be allowed . [ For provisions prohibiting the use of the standard deduction , see in ...
... PERIOD . In the case of a taxable year of less than twelve months on account of a change in the accounting period , the standard deduction shall not be allowed . [ For provisions prohibiting the use of the standard deduction , see in ...
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...