Federal Income and Estate Tax Laws: Correlated and Annotated, Being a Compilation and Annotation of All Federal Income and Estate Tax Laws Since the Organization of the Federal Government and a Correlation of Such Laws Since the Sixteenth Amendment |
From inside the book
Results 1-5 of 57
Page 11
... issuance of new certificates , does not constitute gain separated from the original capital interest . Weiss ( Col. ) v . Stearn , and Weiss ( Col. ) v . White , ( 1924 ) 265 U. S. 242 , affirming Id . , ( C. C. A. , Sixth Cir . 1923 ) ...
... issuance of new certificates , does not constitute gain separated from the original capital interest . Weiss ( Col. ) v . Stearn , and Weiss ( Col. ) v . White , ( 1924 ) 265 U. S. 242 , affirming Id . , ( C. C. A. , Sixth Cir . 1923 ) ...
Page 28
... issued to a stockholder who owns stock purchased at different prices , the cost of such stock di- vidend certificate for the purpose of determining loss or gain when sold is ascertained as follows : ( 1 ) Pro- rate the correct number of ...
... issued to a stockholder who owns stock purchased at different prices , the cost of such stock di- vidend certificate for the purpose of determining loss or gain when sold is ascertained as follows : ( 1 ) Pro- rate the correct number of ...
Page 32
... issuance of its stock or securities as the consideration in whole or in part for the transfer of the property to it ; ( 7 ) If the property ( other than stock or securities in a cor- poration a party to the reor- ganization ) was ...
... issuance of its stock or securities as the consideration in whole or in part for the transfer of the property to it ; ( 7 ) If the property ( other than stock or securities in a cor- poration a party to the reor- ganization ) was ...
Page 34
... issuance of its stock or securities in connection with a transaction described in paragraph ( 4 ) of subdivision ( b ) of section 203 ( including , also , cases where part of the con- sideration for the transfer of such property to the ...
... issuance of its stock or securities in connection with a transaction described in paragraph ( 4 ) of subdivision ( b ) of section 203 ( including , also , cases where part of the con- sideration for the transfer of such property to the ...
Page 37
... issued to each , respectively , is evidence , as against the parties themselves , at least equally as convincing as other dec- larations of opinion made or procured subsequently , when the interests of the parties have shifted . Castner ...
... issued to each , respectively , is evidence , as against the parties themselves , at least equally as convincing as other dec- larations of opinion made or procured subsequently , when the interests of the parties have shifted . Castner ...
Common terms and phrases
accrued affirming Id amended approval ascer assessed basis benefit bonds calendar capital stock centum cluding collected collector Commis Commissioner of Internal company or association computed decedent deduction dends distraint distribution district dividends duction estate or trust estate tax exempt fair market value filed fiscal gain gross estate gross income imposed by section income exceeds income tax insurance company interest Internal Revenue joint-stock company Lederer levied loss March McCoach ment net estate net income exceeds nineteen hundred nonresident alien normal tax pany paragraph partnership payable payment penalty period person Phellis Philippine Islands poration Porto Rico premiums prescribed prior provided in section purpose quired received refund Revenue Act Second Cir Secretary shares sion sioner sources stockholders subdivision tax imposed tax paid taxable taxpayer term thereof tion total net income trade or business United vided war-profits withholding
Popular passages
Page 74 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 190 - Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title...
Page 20 - 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 (as defined in section 368 (c) ) of the corporation. For purposes of this section, stock or securities issued for services shall not be considered as issued in return for property.
Page 94 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 82 - ... 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 derived from any source whatever.
Page 138 - ... or is to be used exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals or for the establishment, acquisition, maintenance or operation of a public cemetery not operated for profit...
Page 98 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the 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 year, as a deduction.
Page 497 - ... 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 262 - ... in the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest upon the bonds of and dividends from foreign corporations by...
Page 42 - Whenever in the opinion of the 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 Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the income.