Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1972 - Administrative law Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Page 192
... aggregation of two or more separate mineral properties is made dur- ing a taxable year under section 614 , cost ... aggregation during a taxable year . See section 614 and the regulations thereunder for rules relating to the ef- fective ...
... aggregation of two or more separate mineral properties is made dur- ing a taxable year under section 614 , cost ... aggregation during a taxable year . See section 614 and the regulations thereunder for rules relating to the ef- fective ...
Page 224
... aggregation shall include the portion of any gain which would be properly allocable to the mineral properties which existed sepa- rately prior to the aggregation and of which the aggregation is or was com- posed , if the prior mineral ...
... aggregation shall include the portion of any gain which would be properly allocable to the mineral properties which existed sepa- rately prior to the aggregation and of which the aggregation is or was com- posed , if the prior mineral ...
Page 228
... aggregation of , and to treat as one property , all such interests owned by him which comprise any one mine or any two or more mines ; and ( B ) To treat as a separate property each such interest which is not included within an aggregation ...
... aggregation of , and to treat as one property , all such interests owned by him which comprise any one mine or any two or more mines ; and ( B ) To treat as a separate property each such interest which is not included within an aggregation ...
Page 229
... aggregation— ( A ) In general . If an aggregation of operating min- eral interests formed under paragraph ( 1 ) includes any interest or interests in respect of which exploration expenditures , paid or incurred after the acquisition of ...
... aggregation— ( A ) In general . If an aggregation of operating min- eral interests formed under paragraph ( 1 ) includes any interest or interests in respect of which exploration expenditures , paid or incurred after the acquisition of ...
Page 230
... aggregation formed under paragraph ( 1 ) in respect of which any ex- penditure for exploration , development , or operation had been made by the taxpayer before or during the taxable year to which such election would apply . A ...
... aggregation formed under paragraph ( 1 ) in respect of which any ex- penditure for exploration , development , or operation had been made by the taxpayer before or during the taxable year to which such election would apply . A ...
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Common terms and phrases
acquired adjusted basis aggregated property allocated allowed amended by T.D. amount application bad debts bank beginning after December business lease common trust fund computed constructed aggregated corporation December 31 dend depletion described in section determined distribution duction earnings and profits election under section erty expenditures Federal Register filed foreign personal holding graph gregation gross income holding company income included income tax Internal Revenue Code January losses on qualifying ment operating mineral interests operating unit organization ownership paragraph parcel of land payer payment percent personal holding company prior provided in section purposes qualifying real property real property loans recomputation refund regulations relating reserve for losses respect section 501 section 614 separate operating mineral separate property shareholder spect Statutory provisions subdivision subparagraph subsequent taxable tax imposed taxable income taxable years beginning taxpayer terest term tion tract or parcel trade or business treated undistributed unrelated business
Popular passages
Page 84 - In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant...
Page 7 - UNRELATED TRADE OR BUSINESS. (a) GENERAL RULE.— The term "unrelated trade or business" means, in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived ) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page i - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 31 - control" means the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and at least 80 percent of the total number of shares of all other classes of stock of the corporation.
Page 31 - Is personal holding company Income as defined In section 543, and (2) Stock ownership requirement. At any time during the last half of the taxable year more than 50 percent In value of Its outstanding stock Is owned, directly or Indirectly, by or for not more than 5 Individuals.
Page ii - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office.
Page 135 - Zones Board VI Bureau of Domestic Commerce, Department of Commerce VIII Office of Business Economics, Department of Commerce IX National Oceanic and Atmospheric Administration, Department of Commerce X Office of Foreign Direct Investments, Department of Commerce XII United States Travel Service, Department of Commerce Chap.
Page 19 - Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 percent per annum, whichever is greater, on the value of the consideration for which the stock was issued...
Page 23 - The fact that the earnings or profits of a corporation are permitted to accumulate beyond the reasonable needs of the business shall be determinative of the purpose to avoid surtax upon shareholders unless the corporation by the clear preponderance of the evidence shall prove to the contrary.
Page 17 - Such an association may market the products of nonmembers in an amount the value of which does not exceed the value of the products marketed for members, and may purchase supplies and equipment for nonmembers in an amount the value of which does not exceed the value of the supplies and equipment purchased for members, provided the value of the purchases made for persons who are neither members nor producers does not exceed 15 per centum of the value of all its purchases.