Internal Revenue Cumulative BulletinDepartment of the Treasury, Internal Revenue Service, 1973 - Tax administration and procedure |
From inside the book
Results 1-5 of 100
Page 80
... distribution or transfer as does not exceed the basis of the prop- erty in the hands of the distributor or transferor corporation on the date of the distribution or transfer . For this purpose , the basis of the property in the hands of ...
... distribution or transfer as does not exceed the basis of the prop- erty in the hands of the distributor or transferor corporation on the date of the distribution or transfer . For this purpose , the basis of the property in the hands of ...
Page 98
... distributed out of earnings and profits of a taxable year of the distributing corporation on each day of which the ... distribution of the decedent's property ruled that the taxpayer was to receive his father's farm and that the dece ...
... distributed out of earnings and profits of a taxable year of the distributing corporation on each day of which the ... distribution of the decedent's property ruled that the taxpayer was to receive his father's farm and that the dece ...
Page 99
... Distributions by Corporations Subpart A. - Effects on Recipients Section 301. - Distributions of Property 26 CFR 1.301-1 : Rules applicable with re- spect to distributions of money and other property . Distribution of property to a ...
... Distributions by Corporations Subpart A. - Effects on Recipients Section 301. - Distributions of Property 26 CFR 1.301-1 : Rules applicable with re- spect to distributions of money and other property . Distribution of property to a ...
Page 100
... distribution of the Rights their fair market value was attributable solely to the value of the warrants . Also , as anticipated , the fair market value of a $ 100 debenture standing alone did not vary substantially from $ 100 before ...
... distribution of the Rights their fair market value was attributable solely to the value of the warrants . Also , as anticipated , the fair market value of a $ 100 debenture standing alone did not vary substantially from $ 100 before ...
Page 101
... distribution under section 337 of the Code . Rev. Rul . 72-137 Advice has been requested whether , under the circumstances described be- low , all of the assets of a corporation are considered to be distributed in com- plete liquidation ...
... distribution under section 337 of the Code . Rev. Rul . 72-137 Advice has been requested whether , under the circumstances described be- low , all of the assets of a corporation are considered to be distributed in com- plete liquidation ...
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Common terms and phrases
Accordingly allowed amended annuity apply asset basis bond certificate Code provides Commissioner computed contract controlled group corporation December 31 deduction denatured alcohol depreciation described determined dividends election employees erty excess excise tax exempt Federal income tax Federal Register filed foreign fund gain or loss gross income held imposed by section included Income Tax Regulations interest Internal Revenue Code Internal Revenue Service investment July 24 meaning of section ment method obligation ordinary income organization original issue discount par value paragraph payment pension percent period person poration Puerto Rico purchase purposes pursuant qualify read as follows real property received redemption relating rental respect Revenue Ruling section 167 shareholders Stat subparagraph superseded tax imposed tax return taxable income taxable years beginning taxpayer term thereof tion trade or business trust vides
Popular passages
Page 104 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock (or in exchange solely for all or a part of the voting stock of a corporation which is in control of the acquiring corporation...
Page 379 - To examine any books, papers, records or other data which may be relevant or material to such inquiry; (2) To summon the person liable for tax or required to perform the act. or any officer or employee of such person, or any person having possession, custody, or care of books of account containing entries relating to the business of the person liable for tax...
Page 325 - ... an important factor indicating that the person possessing that right is an employer. Other factors characteristic of an employer, but not necessarily present in every case, are the furnishing of tools and the furnishing of a place to work, to the individual who performs the services. In general, if an individual is subject to the control or direction of another merely as to the result to be accomplished by the work and not as to the means and methods for accomplishing the result, he is an independent...
Page 287 - ... corporations (except the common parent corporation) is owned directly by one or more of the other...
Page 151 - Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit ; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which inures to the benefit of any private shareholder or individual...
Page 387 - person" as used in this section includes an officer or employee of a corporation or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.
Page 225 - As used in section 1031 (a), the words "like kind" have reference to the nature or character of the property and not to its grade or quality. One kind or class of property may not, under that section, be exchanged for property of a different kind or class. The fact that any real estate involved is improved or unimproved is not material, for that fact relates only to the grade or quality of the property and not to its kind or class. Unproductive real estate held by one other than a dealer for future...
Page 83 - ... any other consistent method productive of an annual allowance which, when added to all allowances for the period commencing with the taxpayer's use of the property and including the taxable year, does not, during the first two-thirds of the useful life of the property, exceed the total of such allowances which would have been used had such allowances been computed under the method described in paragraph (2).
Page 332 - For purposes of this chapter, the term "agricultural labor" includes all service performed — (1) on a farm, in the employ of any person, in connection with cultivating the soil, or in connection with raising or harvesting any agricultural or horticultural commodity, including the raising, shearing, feeding, caring for, training, and management of livestock, bees, poultry, and fur-bearing animals and wildlife...
Page 225 - In exchange consists not only of property permitted by such paragraph 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.