Reports of the Tax Court of the United States, Volume 23U.S. Government Printing Office, 1956 - Law reports, digests, etc |
From inside the book
Results 1-5 of 100
Page 4
... held that there were deficiencies in income tax and fraud penalties due from Worth for the years 1943 , 1944 , 1945 , 1947 , and 1948. The decision of the Tax Court was based on a stipulation entered into by Worth and the Commissioner ...
... held that there were deficiencies in income tax and fraud penalties due from Worth for the years 1943 , 1944 , 1945 , 1947 , and 1948. The decision of the Tax Court was based on a stipulation entered into by Worth and the Commissioner ...
Page 5
... held by petitioner and Worth as tenants by the entireties . Undoubtedly petitioner should have reported some share of this income , but she had a choice as to how she could report it . She could have filed a separate or a joint return ...
... held by petitioner and Worth as tenants by the entireties . Undoubtedly petitioner should have reported some share of this income , but she had a choice as to how she could report it . She could have filed a separate or a joint return ...
Page 45
... held not established by the evidence . 3. Petitioner's claim for relief under section 722 ( b ) ( 4 ) on the ground that installation of dehydrating machines increased its ca- pacity to produce during the base period held not properly ...
... held not established by the evidence . 3. Petitioner's claim for relief under section 722 ( b ) ( 4 ) on the ground that installation of dehydrating machines increased its ca- pacity to produce during the base period held not properly ...
Page 46
... held , further , properly included in reconstruction ; but ( c ) relief held , further , unavailable for the year 1940 where claim based on change in capital ratio for that year was not timely filed . 6. Amounts paid during the base ...
... held , further , properly included in reconstruction ; but ( c ) relief held , further , unavailable for the year 1940 where claim based on change in capital ratio for that year was not timely filed . 6. Amounts paid during the base ...
Page 71
... held not to be income to Sutherland until he actually received them , see Helvering v . Bruun , 309 U. S. 461 , there was no corresponding conclu- sion that the title to the machines ever passed to the licensee , or that the payments it ...
... held not to be income to Sutherland until he actually received them , see Helvering v . Bruun , 309 U. S. 461 , there was no corresponding conclu- sion that the title to the machines ever passed to the licensee , or that the payments it ...
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Common terms and phrases
agreement alimony amount assets average base period basis capital gain cash cent certiorari claimed collector of internal COMMISSIONER OF INTERNAL computing contract corporation cost Court Dahar Cury decedent decedent's December decree deduction deficiency distribution dividend Docket earnings estate tax excess profits tax expenses fair market value farm Feagans Federal Housing Administration filed FINDINGS OF FACT fiscal year ended follows Ford Motor Company gross income held included income tax income tax return interest Internal Revenue Code inventory issue January January 31 lease liability loss March 31 McBride ment mortgage October operation option ordinary income paid parties partnership payment period net income peti petitioner petitioner's policies prior purchase purposes pursuant received record rental respondent determined respondent's Rule 50 section 722 shares sold stipulated stockholders supra taxable taxpayer tion tioner tract trade or business transferred trust wife
Popular passages
Page 178 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 8 - Upon the adjudication of bankruptcy of any taxpayer in any bankruptcy proceeding or the appointment of a receiver for any taxpayer in any receivership proceeding before any court of the United States or of any State or Territory or of the District of Columbia, any deficiency (together with all interest, additional amounts, or additions to the tax provided for by law...
Page 178 - Gains and losses from involuntary conversion and from the sale or exchange of certain property used in the trade or business — (1) Definition of property used in the trade or business. For the purposes of this subsection, the term "property used In the trade or business...
Page 584 - Such allowance shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion) from the property, except that in no case shall the depletion allowance be less than it would be if computed without reference to this paragraph.
Page 193 - ... even if such taxpayer is deceased, or is under a legal disability, or. in the case of a corporation, has terminated its existence.
Page 913 - To the extent of the amount receivable by all other beneficiaries as Insurance under policies...
Page 458 - Property Used in the Trade or Business. — "(1) Definition of property used in the trade or business. — For the purposes of this subsection, the term 'property used in the trade or business...
Page 794 - In the case of a taxpayer, other than a corporation, only the following percentages of the gain or loss recognized upon the sale or exchange of a capital asset shall be taken Into account In computing net capital gain, net capital loss, and net Income : "100 per centum If the capital asset has been held for not more than 6 months ; "50 per centum if the capital asset has been held for more than 6 months.
Page 198 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate...
Page 535 - ... 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 derived from any source whatever.