Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1971 - Administrative law Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Page 13
... filed with returns . 1.1102 Statutory provisions ; distributions pursuant to Bank Holding Company Act of 1956 ; special rules . 1.1102-1 Basis of property acquired in distributions by qualified bank holding corporations . 1.1102-2 Filing ...
... filed with returns . 1.1102 Statutory provisions ; distributions pursuant to Bank Holding Company Act of 1956 ; special rules . 1.1102-1 Basis of property acquired in distributions by qualified bank holding corporations . 1.1102-2 Filing ...
Page 25
... filed on or before the 30th day after the close of the company's taxable year with the internal revenue officer desig- nated in instructions applicable to Form 2438. The duplicate copy of Form 2438 for the taxable year shall be attached ...
... filed on or before the 30th day after the close of the company's taxable year with the internal revenue officer desig- nated in instructions applicable to Form 2438. The duplicate copy of Form 2438 for the taxable year shall be attached ...
Page 29
... filed on or before the 30th day after the close of the company's taxable year with the internal revenue officer desig- nated in instructions applicable to Form 2438. The duplicate copy of Form 2438 for the taxable year shall be attached ...
... filed on or before the 30th day after the close of the company's taxable year with the internal revenue officer desig- nated in instructions applicable to Form 2438. The duplicate copy of Form 2438 for the taxable year shall be attached ...
Page 29
... filed . ( b ) Shareholder of record not actual owner- ( 1 ) Notice to actual owner . In any case in which a notice on Form 2439 is mailed pursuant to paragraph ( a ) ( 1 ) of this section by a regulated investment company to a ...
... filed . ( b ) Shareholder of record not actual owner- ( 1 ) Notice to actual owner . In any case in which a notice on Form 2439 is mailed pursuant to paragraph ( a ) ( 1 ) of this section by a regulated investment company to a ...
Page 33
... filing of its return for a taxable year ( including the period of any extension of time granted for filling such ... filed by the company for the taxable year . The election shall be made by the taxpayer ( the regulated invest- ment ...
... filing of its return for a taxable year ( including the period of any extension of time granted for filling such ... filed by the company for the taxable year . The election shall be made by the taxpayer ( the regulated invest- ment ...
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Common terms and phrases
accumulated profits allocated amended by T.D. apply bona fide resident capital gains dividends citizen Code computed controlled foreign corporation December 31 deductions dends derived from sources determined developed country corporation distribution dividends paid dividends received domestic corporation earned income earnings and profits election engaged in trade estate investment trust Example excess limitation excess profits taxes exemption filed first-tier corporation foreign country foreign income taxes graph gross income income derived income from sources income taxes paid less developed country nonresident alien individual paid or accrued paragraph partnership percent poration provided by section provisions of section Puerto Rico real estate investment real property regulated investment company regulations thereunder respect sale or exchange second-tier corporation section 902 spect Statutory provisions stocks or securities subchapter subparagraph subsection tax imposed taxable income taxable years beginning taxpayer tion trade or business transactions unit investment trust United unused foreign tax Virgin Islands war profits
Popular passages
Page 25 - States, the net income may first be computed by deducting the expenses, losses or other deductions apportioned or allocated thereto and a ratable part of any expenses, losses or other deductions which cannot definitely be allocated to some items or class of gross income...
Page 138 - If an exchange would be within the provisions of subsection (b) (1), (2), (3), or (5) of this section if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Page 109 - Gifts after December 31, 1920. If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift...
Page 111 - For the purposes of section 1033, the term "control" means the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock of the corporation.
Page 25 - For gains, profits, and income from the sale of personal property, see subsection (e). "(b) NET INCOME FROM SOURCES IN UNITED STATES. — From the items of gross income specified in subsection (a) of this section there shall be deducted the expenses, losses, and other deductions properly apportioned or allocated thereto and a ratable part of any expenses, losses, or other deductions which cannot definitely be allocated to some item or class of gross income.
Page 31 - The income of a nonresident alien individual which consists exclusively of earnings derived from the operation of a ship or ships documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States shall not be included in gross income and shall be exempt from taxation under this chapter.
Page 53 - States— (1) If 80 per centum or more of the gross income of such citizen or domestic corporation (computed without the benefit of this section) for the three-year period immediately preceding the close of the taxable year (or for such part of such period immediately preceding the close of such taxable year as may be applicable) was derived from sources within a possession of the United States...
Page 111 - If property (as a result of its destruction in whole or in part, theft, seizure, or requisition or condemnation or threat or imminence thereof) is compulsorily or Involuntarily converted...
Page 138 - ... as is not in excess of his ratable share of the undistributed earnings and profits of the corporation accumulated after February 28, 1913. The 'remainder, if any, of the gain recognized under paragraph (1) shall be taxed as a gain from the exchange of property.
Page 111 - Secretary, expended in the acquisition of other property similar or related in service or use to the property so converted, or in the acquisition of control of a corporation owning such other property, or in the establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended...