Regulations 86 Relating to the Income Tax Under the Revenue Act of 1934 |
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Page xvii
... derived from sources partly within and partly without the United States___ 230 119-13 . Transportation service ---- 235 119-14 . Computation of income ... _ 237 CHAPTER XX UNLIMITED DEDUCTION FOR CHARITABLE AND OTHER CONTRIBUTIONS ...
... derived from sources partly within and partly without the United States___ 230 119-13 . Transportation service ---- 235 119-14 . Computation of income ... _ 237 CHAPTER XX UNLIMITED DEDUCTION FOR CHARITABLE AND OTHER CONTRIBUTIONS ...
Page 9
... derived from the sale or other disposition of capital assets . Cash receipts alone do not always accurately reflect income , for the Act recognizes as income - determining factors other items , among which are inventories , accounts ...
... derived from the sale or other disposition of capital assets . Cash receipts alone do not always accurately reflect income , for the Act recognizes as income - determining factors other items , among which are inventories , accounts ...
Page 10
... derived from salaries , wages , or compensation for personal service , of whatever kind and in whatever form paid , or from pro- fessions , vocations , trades , businesses , commerce , or sales , or dealings in property , whether real ...
... derived from salaries , wages , or compensation for personal service , of whatever kind and in whatever form paid , or from pro- fessions , vocations , trades , businesses , commerce , or sales , or dealings in property , whether real ...
Page 14
... the rights does not constitute taxable income to the shareholder , although gain may be derived or loss sustained by the shareholder from the sale of such rights . 14 22(a)-8 Sale of stock and rights__ RELATING TO INCOME.
... the rights does not constitute taxable income to the shareholder , although gain may be derived or loss sustained by the shareholder from the sale of such rights . 14 22(a)-8 Sale of stock and rights__ RELATING TO INCOME.
Page 17
... derived from the sale of any such lots or parcels which constitutes taxable income may be returned as income for the year in which the sale is made . This rule contemplates that there will be gain or loss on every lot or parcel sold ...
... derived from the sale of any such lots or parcels which constitutes taxable income may be returned as income for the year in which the sale is made . This rule contemplates that there will be gain or loss on every lot or parcel sold ...
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Common terms and phrases
adjusted basis allocated allowed amended applicable article 23 assessment beneficiary Board bonds cent certificates claim collected collector Commissioner cost December 31 deductible from gross deficiency depletion deposit depreciation determined distraint distribution dividends domestic corporation employees entitled estate or trust excess-profits taxes exempt from tax expenses expiration fair market value February 28 fiduciary filed foreign corporation foreign country gain or loss grantor gross income imposed by section included in gross income from sources income tax installment insurance companies interest Internal Revenue inventory liability ment mineral nonresident alien individual notice and demand obligations operating organized paragraph partnership payment personal exemption preferred stock prescribed prior provided in section purchase purpose receipt regulations reorganization resident respect return of income Revenue Act section 113 shareholders stock or securities surtax net incomes tax imposed taxpayer thereof timber tion trade or business transfer trust instrument withholding
Popular passages
Page 10 - 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...
Page 162 - 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 396 - States shall be first satisfied ; and the priority hereby established shall extend as well to cases in which a debtor, not having sufficient property to pay all his debts, makes a voluntary assignment thereof, or in which the estate and effects of an absconding, concealed, or absent debtor are attached by process of law, as to cases in which an act of bankruptcy is committed.
Page 365 - ... after the allowance of such a claim, the ascertainment of the amount due, and the issuing of a warrant for the payment thereof.
Page 391 - Claims, of : (1) Any civil action against the United States for the recovery of any internal-revenue tax alleged to have been erroneously or illegally assessed or collected, or any penalty claimed to have been collected without authority or any sum alleged to have been excessive or in any manner wrongfully collected under the internal-revenue laws...
Page 399 - Commissioner shall add to the tax 25 per centum of its amount, except that when a return is filed after such time and it is shown that the failure to file it was due to a reasonable cause and not to willful neglect, no such addition shall be made to the tax.
Page 201 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 120 - Secretary or his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Page 370 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of -which any business, financial operation, or venture is carried on, and which is not, within the meaning of this Act, a trust or estate or a corporation ; and the term " partner " includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 174 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.