The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1973 - Administrative law The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Page 7
Sec . CONTROLLED FOREIGN CORPORATIONS 1.951 Statutory provisions ; amounts included in gross income of United States shareholders . 1.951-1 Amounts included in gross income of United States shareholders . 1.951-2 Coordination of subpart ...
Sec . CONTROLLED FOREIGN CORPORATIONS 1.951 Statutory provisions ; amounts included in gross income of United States shareholders . 1.951-1 Amounts included in gross income of United States shareholders . 1.951-2 Coordination of subpart ...
Page 8
... included in gross income under section 951 ( a ) . 1.962-2 Election of limitation of tax for individuals . 1.962-3 ... included in inventory . 1.1013-1 Property included in inventory . 1.1014 Statutory provisions ; basis of property ...
... included in gross income under section 951 ( a ) . 1.962-2 Election of limitation of tax for individuals . 1.962-3 ... included in inventory . 1.1013-1 Property included in inventory . 1.1014 Statutory provisions ; basis of property ...
Page 12
... included in the definition of " common trust fund " by section 584 ( s ) . ( b ) Limitations . A corporation shall not be considered a regulated investment com- pany for any taxable year unless- ( 1 ) It files with its return for the ...
... included in the definition of " common trust fund " by section 584 ( s ) . ( b ) Limitations . A corporation shall not be considered a regulated investment com- pany for any taxable year unless- ( 1 ) It files with its return for the ...
Page 22
... included in respect of such shares in computing his long - term capital gains for that year ; and such shareholder shall be allowed credit or refund , as the case may be , for the tax so deemed to have been paid by him . ( 111 ) The ...
... included in respect of such shares in computing his long - term capital gains for that year ; and such shareholder shall be allowed credit or refund , as the case may be , for the tax so deemed to have been paid by him . ( 111 ) The ...
Page 62
... included in the gross income shall be determined by an apportionment on the time basis ; that is , there shall be included in the gross income an amount which bears the same relation to the total compensation as the number of days of ...
... included in the gross income shall be determined by an apportionment on the time basis ; that is , there shall be included in the gross income an amount which bears the same relation to the total compensation as the number of days of ...
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Common terms and phrases
adjusted basis allocated allowed amount apply attributable capital gain chain or group class of stock computed controlled foreign corporation Corporation's December 31 deductions derived from sources described in section determined dividends domestic corporation earnings and profits election erty estate investment trust excluded fair market value first-tier corporation foreign base company foreign country foreign income tax foreign tax credit gain or loss graph gross income income derived income from sources income under section interest less developed country liability ment minimum distribution paid or accrued paragraph percent period poration Puerto Rico purchased rata share reacquisition real estate investment real property received respect sale or exchange section 951 Statutory provisions stock or securities subdivision subparagraph subpart F income subsection taxable income taxes paid taxpayer tion trade or business treated trolled foreign corporation unit investment trust United States dollars United States shareholder unused foreign tax
Popular passages
Page 423 - Amount realized. — The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received.
Page 428 - The adjusted basis for determining the gain or loss from the sale or other disposition of property, whenever acquired, shall be the basis (determined under section...
Page 179 - 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 120 - 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 123 - Executive order as being entitled to enJoy the privileges, exemptions, and immunities herein provided. The President shall be authorized, in the light of the functions performed by any such international organization, by appropriate Executive order to withhold or withdraw from any such organization or its officers or employees any of the privileges, exemptions, and immunities provided for in this title (including the amendments made by this title) or to condition or limit the enJoyment by any such...
Page 64 - ... a ratable part of any expenses, losses or other deductions which cannot definitely be allocated to some items or class of gross income...
Page 59 - States by such corporation. (4) Rentals and royalties. Rentals or royalties from property located in the United States or from any interest in such property. including rentals or royalties for the use of or for the privilege of using in the United States patents, copyrights, secret processes and formulas, good will, trademarks, trade brands, franchises, and other like property.
Page 262 - February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 177 - States shall be subject to taxation under this subtitle only as to Income derived from sources within the United States, and In such case the tax shall be computed and paid In the same manner and subject to the same conditions as in the case of other persons who are taxable only as to Income derived from such sources.
Page 480 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.