Reports of the Tax Court of the United States, Volume 3U.S. Government Printing Office, 1945 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
From inside the book
Results 1-5 of 100
Page 12
... existence of an obligation on the part of the payor and the amount to be paid , such income is properly to be allocated only to that year in which it was in fact received or in which the right to receipt became fixed and liquidated ...
... existence of an obligation on the part of the payor and the amount to be paid , such income is properly to be allocated only to that year in which it was in fact received or in which the right to receipt became fixed and liquidated ...
Page 58
... existence of the petitioner was continued for three years after its dissolution for the purpose of enabling those charged with the duty to settle its affairs . On November 21 , 1935 , pursuant to court authorization , the peti- tioner ...
... existence of the petitioner was continued for three years after its dissolution for the purpose of enabling those charged with the duty to settle its affairs . On November 21 , 1935 , pursuant to court authorization , the peti- tioner ...
Page 135
... existence . " and that : The immunity which it implied was sustained only because it was one deemed necessary to protect the states from destruction by the federal taxa- tion of those governmental functions which they were exercising ...
... existence . " and that : The immunity which it implied was sustained only because it was one deemed necessary to protect the states from destruction by the federal taxa- tion of those governmental functions which they were exercising ...
Page 136
... existence as states .串串 We are not called upon in discussing this branch of the present proceeding to consider whether such a subdivision would partake of the state's constitutional immunity from taxation ; nor in fact whether there ...
... existence as states .串串 We are not called upon in discussing this branch of the present proceeding to consider whether such a subdivision would partake of the state's constitutional immunity from taxation ; nor in fact whether there ...
Page 137
... subdivision thereof except when such compensation is paid by the United States Government . " 625278 4510 that the existence of the provision under discussion eliminated the ( 131 ) 137 ESTATE OF ALEXANDER J. SHAMBERG .
... subdivision thereof except when such compensation is paid by the United States Government . " 625278 4510 that the existence of the provision under discussion eliminated the ( 131 ) 137 ESTATE OF ALEXANDER J. SHAMBERG .
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Common terms and phrases
agency seems public agree agreement amended amount assets assignment bank basis beneficiary capital capital surplus class as nontaxable Commissioner common stock Company consideration contended corporation Court debentures decedent decedent's December 31 deduction deed deficiency dividends division drilling eliminated as evidencing eminent domain enumerated and relied estate tax excess profits tax fact filed governmental power gross income Helvering holders income tax indebtedness instrumentality interest Internal Revenue Code interpretation that legislatures issue subpoenas June 25 lease liability minerals paid parties payable payment Pepsi-Cola petitioner petitioner's police officers police powers relied political sub power of eminent power of taxation power to issue preferred stock profits provisions purchase received respondent seems altogether helpful shares of common sovereign state pow statute as regular statutory interpretation stipulated stockholders subpoenas supra tax return taxable taxation specifically denied throughout later revenue transfer treasury stock trust Wichita Falls York Authority appears
Popular passages
Page 170 - Includes gains, profits, 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...
Page 434 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend? or revoke...
Page 449 - ... a fraternal society, order, or association operating under the lodge system, but only if such contributions or gifts are to be used by such trustee or trustees, or by such fraternal society, order, or association, exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 170 - The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual...
Page 309 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period...
Page 27 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o)) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust, is during the taxable year paid or permanently set aside...
Page 464 - ... if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 53 - The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid In the same manner and subject to the same provisions and limitations...
Page 359 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business) , but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 285 - The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized. (b) Amount realized,. The amount realized from the sale or other disposition of property...