Individual Income Tax Provisions of the Internal Revenue Code (second Edition), Applicable to Taxable Years Beginning in 1944 Or Later: Compile for the Use of ... by Members of Its Staff |
From inside the book
Results 1-5 of 100
Page 5
... determining gain or loss in the hands of a transferee determined in whole or in part by reference to such basis of such contract or interest therein in the hands of the transferor . This subparagraph and paragraph ( 1 ) shall not apply ...
... determining gain or loss in the hands of a transferee determined in whole or in part by reference to such basis of such contract or interest therein in the hands of the transferor . This subparagraph and paragraph ( 1 ) shall not apply ...
Page 8
... determined in accord- ance with regulations prescribed by the Commissioner with the approval of the Secretary , of ... determine the income of any taxpayer , inventories shall be taken by such taxpayer upon such basis as the Commissioner ...
... determined in accord- ance with regulations prescribed by the Commissioner with the approval of the Secretary , of ... determine the income of any taxpayer , inventories shall be taken by such taxpayer upon such basis as the Commissioner ...
Page 10
... determined for the year of such involuntary liquidation shall be adjusted as follows : ( i ) Increased by an amount equal to the excess , if any , of the aggregate cost of such goods reflected in the opening inventory of the year of ...
... determined for the year of such involuntary liquidation shall be adjusted as follows : ( i ) Increased by an amount equal to the excess , if any , of the aggregate cost of such goods reflected in the opening inventory of the year of ...
Page 11
... determined for such taxable year which results solely from the effect of subparagraph ( A ) , and such amount shall be assessed and collected , or credited or refunded , in the same manner as if it were a deficiency or an overpayment ...
... determined for such taxable year which results solely from the effect of subparagraph ( A ) , and such amount shall be assessed and collected , or credited or refunded , in the same manner as if it were a deficiency or an overpayment ...
Page 16
... DETERMINING Loss . - The basis for determining the amount of deduction for losses sustained , to be allowed under sub- section ( e ) * , and for bad debts , to be allowed under subsec- tion ( k ) , shall be the adjusted basis provided ...
... DETERMINING Loss . - The basis for determining the amount of deduction for losses sustained , to be allowed under sub- section ( e ) * , and for bad debts , to be allowed under subsec- tion ( k ) , shall be the adjusted basis provided ...
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Common terms and phrases
adjusted basis adjusted gross income amended amortization applicable approval assessment beneficiary bond capital assets centum certificate chapter claim collected collector Commissioner computed consent considered corporation credit or refund decedent December 31 deficiency defined in section determined distraint distribution district dividend election emergency facility employee estate or trust estimated tax exceed excess expiration extent February 28 fiduciary filed foreign personal holding gain or loss income tax installment interest internal revenue June 29 liability ment months net estate net income nonresident alien normal tax obligations operating loss overpayment paragraph partnership payment payroll period penalties personal holding company profits provided in section purposes regulations prescribed respect Revenue Act sale or exchange Secretary section 23 shareholder specified standard deduction Stat stock or securities subchapter subparagraph Supplement Tax Court tax imposed taxable year beginning taxpayer term thereof tion trade or business United wages withholding exemptions
Popular passages
Page 23 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 45 - ... shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the year in which the transfer was made.
Page 31 - ... 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 35 - 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 106 - ... engaged in trade or business within the United States and not having an office or place of business therein, from sources within the United States as interest (except interest on deposits with persons carrying on the banking business), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable annual or periodical gains, profits, and income...
Page 38 - Is subject to a liability, shall be disregarded, or (D) a transfer by a corporation of all or a part of its assets to another corporation if immediately after the transfer the transferor or its...
Page 111 - Notwithstanding the provisions of section 3653 (a) the making of such assessment or the beginning of such proceeding or distraint during the time such prohibition is in force may be enjoined by a proceeding in the proper court.
Page 44 - If the property was acquired, after February 28. 1913, upon an exchange described In section 112 (b) to (e). Inclusive, the basis shall be the same as In the case of the property exchanged, decreased In the amount of any money received by the taxpayer and Increased In the amount of gain or decreased In the amount of loss to the taxpayer that was recognized upon such exchange under the law applicable to the year In which the exchange was made.
Page 35 - No gain or loss shall be recognized if stock or securities in a corporation a party to a reorganization are, in pursuance of the plan of reorganization, exchanged solely for stock or securities in such corporation or in another corporation a party to the reorganization...
Page 37 - ... to be received without the recognition of gain, but also of other property or money, then the gain, if any, to the recipient shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property.