Regulations 65 Relating to the Income Tax Under the Revenue Act of 1924 |
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Page v
... individuals___ 2. Normal tax 3. Persons liable to tax ... . 4. Who is a citizen_ . Section 211. Surtax_ Article 11. Surtax_ 12. Computation of surtax_ 13. Surtax on sale of mineral deposits__ . Section 212. Net income of individuals ...
... individuals___ 2. Normal tax 3. Persons liable to tax ... . 4. Who is a citizen_ . Section 211. Surtax_ Article 11. Surtax_ 12. Computation of surtax_ 13. Surtax on sale of mineral deposits__ . Section 212. Net income of individuals ...
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... individual__ Article 92. Gross income of nonresident alien individuals__ 93. When the wages of a nonresident alien seaman are de- rived from sources within the United States_____ Section 214 ( a ) ( 1 ) . Deductions allowed individuals ...
... individual__ Article 92. Gross income of nonresident alien individuals__ 93. When the wages of a nonresident alien seaman are de- rived from sources within the United States_____ Section 214 ( a ) ( 1 ) . Deductions allowed individuals ...
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... individuals : taxes_ Article 131. Taxes 133. Taxes for local benefits . 132. Federal duties and excise taxes .. 134. Federal estate and State inheritance taxes_ . 135. Tax on stock____ Section 214 ( a ) ( 4 ) , ( 5 ) , and ( 6 ) ...
... individuals : taxes_ Article 131. Taxes 133. Taxes for local benefits . 132. Federal duties and excise taxes .. 134. Federal estate and State inheritance taxes_ . 135. Tax on stock____ Section 214 ( a ) ( 4 ) , ( 5 ) , and ( 6 ) ...
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... individuals : contributions or gifts___ . Article 251. Contributions or gifts Section 214 ( b ) . Deductions allowed : nonresident alien individual____ Article 271. Deductions allowed nonresident alien individuals . Section 215. Items ...
... individuals : contributions or gifts___ . Article 251. Contributions or gifts Section 214 ( b ) . Deductions allowed : nonresident alien individual____ Article 271. Deductions allowed nonresident alien individuals . Section 215. Items ...
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... individual___ Section 217. Net income of nonresident alien individuals ... . Article 311. Definition 312. Alien seamen , when to be regarded as residents__ 313. Proof of residence of alien _ - _- 314. Loss of residence by alien__ . 94 ...
... individual___ Section 217. Net income of nonresident alien individuals ... . Article 311. Definition 312. Alien seamen , when to be regarded as residents__ 313. Proof of residence of alien _ - _- 314. Loss of residence by alien__ . 94 ...
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Common terms and phrases
article 301 assessed assets basic date basis beneficiary benefits of section calendar cent certificates certificates of indebtedness citizen claim collected collector Commissioner compensation computing net income cost debt December 31 deductible from gross deductions allowed deficiency deposit derived from sources determined distraint distributed dividends domestic corporation duction earnings employees entitled estate or trust excess-profits taxes expenses fair market value February 28 fiduciary filed foreign corporation gain or loss gross income included income from sources income tax insurance companies interest inventory lease Liberty Bond Liberty loan mineral nonresident alien individual office or place operating paragraph partnership payment period place of business prescribed prior profits provided in section purchase purpose refund reserve resident Revenue Act section 262 September 24 share shareholders statute and articles surtax tax imposed tax-free covenant taxable taxpayer thereof timber tion trade or business Treasury war-profits withholding agent
Popular passages
Page 11 - Columbia, the compensation received as such), 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.
Page 44 - SEC. 214 (a) (3) Taxes paid or accrued within the taxable year except (A) income, war-profits, and excessprofits taxes imposed by the authority of the United States, (B) so much of the income, warprofits, and excess-profits taxes, imposed by the authority of any foreign country or possession of the United allowed as a credit against the tax under section 131; and (3) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 137 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 161 - ... (B) from a foreign corporation unless less than 50 per centum of the gross income of such foreign corporation for the three-year period ending with the close of its taxable year preceding the declaration of such dividends (or for such part of such period as the corporation has been in existence) was derived from sources within the United States as determined under the provisions of this section...
Page 263 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 44 - States) ; (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 201 - States — • (1) If 80 per centum or more of the gross income of such citizen or domestic corporation (computed without the heneflt 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 278 - If the property was acquired after December 31, 1920, by a transfer in trust (other than by a transfer in trust by a gift, bequest, or devise) the basis shall be the same as it would be in the hands of the grantor, increased in the amount of gain or decreased in the amount of loss recognized to the grantor upon such transfer under the law applicable to the year in which the transfer was made.
Page 301 - 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 95 - For gains, profits, and income from the sale of personal property, see subsection (e). "(b) NET INCOME FROM SOURCES IN UNITED STATES. — From the items of gross income specified in subsection (a) of this section there shall be deducted the expenses, losses, and other deductions properly apportioned or allocated thereto and a ratable part of any expenses, losses, or other deductions which can not definitely be allocated to some item or class of gross income.