Regulations 94 Relating to the Income Tax Under the Revenue Act of 1936 |
From inside the book
Results 1-5 of 72
Page 21
... hand at the end of the year the amount received from the sale of live stock and products , and miscellaneous receipts for hire of teams , machinery , and the like , during the year , and deducting from this sum the inventory value of ...
... hand at the end of the year the amount received from the sale of live stock and products , and miscellaneous receipts for hire of teams , machinery , and the like , during the year , and deducting from this sum the inventory value of ...
Page 23
... hand or a share of stock on the other will be the quotient of the cost or other basis assigned to the rights or the stock , divided , as the case may be , by the number of rights issued or by the number of shares held . Example : A ...
... hand or a share of stock on the other will be the quotient of the cost or other basis assigned to the rights or the stock , divided , as the case may be , by the number of rights issued or by the number of shares held . Example : A ...
Page 36
... hands of the shareholders , so that the dividends received on the stock of Federal reserve banks are not subject to the income tax . Dividends paid by member banks , however , are treated like dividends of ordinary corporations . ART ...
... hands of the shareholders , so that the dividends received on the stock of Federal reserve banks are not subject to the income tax . Dividends paid by member banks , however , are treated like dividends of ordinary corporations . ART ...
Page 37
... hand , income is taxable to the trustee , as in the case of a trust the income of which is accumulated for the benefit of unborn or unascertained persons , the trust , as the owner of the bonds held in trust , is entitled to the ...
... hand , income is taxable to the trustee , as in the case of a trust the income of which is accumulated for the benefit of unborn or unascertained persons , the trust , as the owner of the bonds held in trust , is entitled to the ...
Page 39
... hand goods taken in exchange , should be valued at bona fide selling prices less direct cost of disposition , whether basis ( a ) or ( b ) is used , or if such goods consist of raw materials or partly finished goods held for use or ...
... hand goods taken in exchange , should be valued at bona fide selling prices less direct cost of disposition , whether basis ( a ) or ( b ) is used , or if such goods consist of raw materials or partly finished goods held for use or ...
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Common terms and phrases
adjusted basis adjusted net income allowed amended amount applicable article 23 assessment assets beneficiary Board bonds business therein capital claim collector Commissioner computed cost December 31 deficiency depletion depreciation determined distraint distribution dividends paid credit domestic corporation earnings or profits estate or trust excess-profits taxes exchange exempt expenses fair market value February 28 fiduciary filed foreign corporation gain or loss grantor gross income imposed by section income from sources income tax insurance companies interest inventory liability liquidation ment mineral nonresident alien individual normal tax office or place paragraph partnership payment percent period person place of business preferred stock prescribed prior provided in section provisions of section purchased purpose received refund regulations reorganization resident respect Revenue Act section 113 shareholders specific stock or securities surtax net incomes tax imposed taxpayer thereof tion trade or business transfer trust instrument United
Popular passages
Page 20 - gross income" 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...
Page 195 - Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title...
Page 485 - ... any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law...
Page 256 - ... (3) PERCENTAGE DEPLETION FOR OIL AND GAS WELLS. — In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27% per centum of the gross income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect of the property.
Page 180 - ... (2) In the payment of any contributions, a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to 1 cent.
Page 206 - Amount realized. — The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received.
Page 156 - Secretary or his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses. if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Page 172 - Maryland. (2) CORPORATIONS. — Returns of corporations shall be made to the collector of the district in which is located the principal place of business or principal office or agency of the corporation, or, if it has no principal place of business or principal office or agency in the United States, then to the collector at Baltimore, Maryland.
Page 186 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 462 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of -which any business, financial operation, or venture is carried on, and which is not, within the meaning of this Act, a trust or estate or a corporation ; and the term " partner " includes a member in such a syndicate, group, pool, joint venture, or organization.