The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1970 - 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 4
... INDIVIDUALS 1.871 Statutory provisions ; tax on nonresident alien individuals . 1.871-1 1.871-2 Taxation of aliens . Determining residence of alien individuals . 1.871-3 Residence of alien seamen . Sec . 1.871-4 Proof of residence of ...
... INDIVIDUALS 1.871 Statutory provisions ; tax on nonresident alien individuals . 1.871-1 1.871-2 Taxation of aliens . Determining residence of alien individuals . 1.871-3 Residence of alien seamen . Sec . 1.871-4 Proof of residence of ...
Page 5
... individuals . 1.872-2 Exclusions from gross income of nonresident alien individuals . 1.873 Statutory provisions ; deductions . 1.873-1 Deductions allowed nonresident alien individuals . 1.874 Statutory provisions ; allowance of ...
... individuals . 1.872-2 Exclusions from gross income of nonresident alien individuals . 1.873 Statutory provisions ; deductions . 1.873-1 Deductions allowed nonresident alien individuals . 1.874 Statutory provisions ; allowance of ...
Page 7
... individuals to be subject to tax at corporate rates . 1.962-1 Limitation of tax for individuals on amounts included in gross income under section 951 ( a ) . 1.962-2 Election of limitation of tax for individuals . 1.962-3 Treatment of ...
... individuals to be subject to tax at corporate rates . 1.962-1 Limitation of tax for individuals on amounts included in gross income under section 951 ( a ) . 1.962-2 Election of limitation of tax for individuals . 1.962-3 Treatment of ...
Page 22
... individuals . the shareholder required to include an amount of undistributed capital gains in gross income under section 852 ( b ) ( 3 ) ( D ) and subparagraph ( 2 ) of this para- graph is a nonresident alien individual , such ...
... individuals . the shareholder required to include an amount of undistributed capital gains in gross income under section 852 ( b ) ( 3 ) ( D ) and subparagraph ( 2 ) of this para- graph is a nonresident alien individual , such ...
Page 25
... individual at any time during the last half of the cor- poration's taxable year , as provided in section 544 and the regulations there- under ; and ( g ) The amount and date of receipt of each dividend received during such period from ...
... individual at any time during the last half of the cor- poration's taxable year , as provided in section 544 and the regulations there- under ; and ( g ) The amount and date of receipt of each dividend received during such period from ...
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Common terms and phrases
adjusted basis allocated amount apply capital gain chain or group class of stock computed controlled foreign corporation Corporation's December 31 deductions deemed paid derived from sources described in section determined dividends domestic corporation earnings and profits election erty estate investment trust export trade assets fair market value foreign base company foreign country foreign income tax foreign tax credit gain or loss graph gross income holding company income derived income from sources investments in less less developed country liability ment minimum distribution nonresident alien paid or accrued paragraph percent period poration Puerto Rico purchased qualified investments rata share reacquisition real estate investment real property received respect sale or exchange section 959 Statutory provisions stock or securities subdivision subparagraph subpart F income subsection taxable income taxes paid taxpayer tion trade or business trolled foreign corporation United States dollars United States shareholder unused foreign tax
Popular passages
Page 59 - 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.
Page 428 - Secretary, expended in the acquisition of other property similar or related in service or use to the property so converted, or in the acquisition of control of a corporation owning such other property, or in the establishment of a replacement fund, no gain shall be recognized, but loss shall be recognized. If any part of the money is not so expended...
Page 59 - ... definitely be allocated to some item or class of gross income. The remainder, if any, shall be included in full as net income from sources within the United States. In the case of gross income derived from sources partly within and partly without the United States...
Page 147 - 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 threeyear 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 93 - 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 54 - 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 54 - ... (B) From a foreign corporation unless less than 50 percent of the gross income of such foreign corporation for the 3-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...
Page 128 - If accrued taxes when paid differ from the amounts claimed as credits by the taxpayer, or if any tax paid is refunded in whole or in part, the taxpayer shall notify the Commissioner, who shall redetermine the amount of the tax for the year or years affected, and the amount of tax due upon such redetermination, if any, shall be paid by the taxpayer upon notice and demand by the collector...
Page 74 - A mere floating intention, indefinite as to time, to return to another country is not sufficient to constitute him a transient. If he lives in the United States and has no definite intention as to his stay, he is a resident. One who comes to the United States for a definite purpose which in its nature may be promptly accomplished is a transient; but, if his purpose is of such a nature that an extended stay may be necessary for its accomplishment, and to that end the alien makes his home temporarily...
Page 397 - If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift...