Reports of the Tax Court of the United States, Volume 22U.S. Government Printing Office, 1955 - Law reports, digests, etc |
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Results 1-5 of 100
Page 60
... parties are incorporated herein by this reference . OPINION . MURDOCK , Judge : Section 23 of the Internal Revenue Code allows a deduction for depletion in the case of mines but refers to section 114 ( b ) ( 3 ) and ( 4 ) for percentage ...
... parties are incorporated herein by this reference . OPINION . MURDOCK , Judge : Section 23 of the Internal Revenue Code allows a deduction for depletion in the case of mines but refers to section 114 ( b ) ( 3 ) and ( 4 ) for percentage ...
Page 67
... Parties are possessed of certain community property , and the said Parties desire to partition between themselves the community property ; ** Because he believed the Ouida Youngblood note was worthless , Gordon gave it to Jessie and it ...
... Parties are possessed of certain community property , and the said Parties desire to partition between themselves the community property ; ** Because he believed the Ouida Youngblood note was worthless , Gordon gave it to Jessie and it ...
Page 94
... parties agree that the full value of the assets in question is includible in the gross estate of decedent . At any rate , the respondent so determined in the deficiency notice and petitioner does not contest that determination . The parties ...
... parties agree that the full value of the assets in question is includible in the gross estate of decedent . At any rate , the respondent so determined in the deficiency notice and petitioner does not contest that determination . The parties ...
Page 95
... parties to dispose of all their property in a particular manner , each in consideration of the other . The surviving spouse elected to take under the will and its terms are binding upon her . In re Farley's Estate , 237 Iowa 1069 , 24 ...
... parties to dispose of all their property in a particular manner , each in consideration of the other . The surviving spouse elected to take under the will and its terms are binding upon her . In re Farley's Estate , 237 Iowa 1069 , 24 ...
Page 96
... parties , the rights of such third parties are equally thereby fixed and determined according to the terms of the mutual will . " The provisions of the will are plain and unambiguous . We have set them out heretofore and under the ...
... parties , the rights of such third parties are equally thereby fixed and determined according to the terms of the mutual will . " The provisions of the will are plain and unambiguous . We have set them out heretofore and under the ...
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Common terms and phrases
acquired adjustment agreed agreement alimony amended amount assessment assets average base period bank Camp Wolters capital cash cent claims COMMISSIONER OF INTERNAL community property Company computed contract corporation cost Court decedent December 31 decree deduction deficiency depreciation determined distribution Docket earnings employees entitled excess profits tax expenses filed FINDINGS OF FACT follows funds gross income held hereinafter husband income tax income tax returns interest Internal Revenue Code inventory issue January June Lasky lease liability loans loss ment operation option ordinary income paid parties partnership payable payments period net income peti petitioner petitioner's policies prior purchase pursuant received refund rental reported respect respondent respondent's Royal Crown Cola section 722 Sergeant York shares sold SoRelle SoRelle's stipulated stockholders supra taxable taxpayer Texas thereof timber tion tioner Tommy Armour transfer trust United Warner Bros wife Willys
Popular passages
Page 650 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 6 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 196 - Is divorced or legally separated from her husband under a decree of divorce or of separate maintenance, periodic payments (whether or not made at regular Intervals) received subsequent to such decree...
Page 457 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 394 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income) ; ART.
Page 832 - The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 113 (b) for the purpose of determining the gain upon the sale or other disposition of such property.
Page 896 - No gain or loss shall be recognized if stock or securities in a corporation a party to a reorganization are, in pursuance of the plan of reorganization, exchanged solely for stock or securities in such corporation or in another corporation a party to the reorganization.
Page 251 - 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 538 - ... in discharge of, a legal obligation which, because of the marital or family relationship, is imposed upon or incurred by such husband under such decree or under a written instrument incident to such divorce...
Page 453 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.