Internal Revenue BulletinDepartment of the Treasury, Internal Revenue Service, 1964 - Tax administration and procedure |
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Common terms and phrases
adjusted affiliated group alcohol allowed amended amount Announcement apply assets basis beginning after December carryback company income computed controlled foreign corporation cost Cumulative Bulletin December 31 deduction denatured alcohol depreciation described in section determined distribution district director dividends election employee excise tax exempt Federal Register filed foreign base company gross income income tax individual interest Internal Revenue Bulletin Internal Revenue Code Internal Revenue Service laws lessee manufacturer marihuana operating loss option organization paragraph payment percent period placed in service power of attorney Proc published purchase purposes qualified investment read as follows real property loans received reserve for losses respect Revenue Act Revenue Procedures Revenue Ruling section 38 property Series E bonds shareholder specially denatured Stat subparagraph Subpart subsection Superseded tax imposed taxable income taxable year ending taxable years beginning taxpayer thereof tion trade or business Treasury Decision trust United
Popular passages
Page 16 - ... Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not...
Page 68 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 26 - Register, that the national interest would be served by such action or appearance by the former officer or employee. (c) Whoever, being a partner of an officer or employee of the executive branch of the United States Government, of any independent agency of the United States, or of the District of Columbia...
Page 17 - In the ordinary course of his trade or business .... "(2) General rule. "If, during the taxable year, the recognized gains upon sales or exchanges of property used In the trade or business, plus the recognized gains from the compulsory or Involuntary conversion (as a result of 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) of property used In the trade or business...
Page 16 - Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit ; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which inures to the benefit of any private shareholder or individual...
Page 30 - Except as provided in this subsection, the term "section 38 property" means — (A) Tangible personal property, or (B) Other tangible property (not including a building and its structural components) but only if such property — (i) Is used as an integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, or sewage disposal services, or...
Page 31 - For purposes of subparagraph (B) (iii), the term "affiliated group" has the meaning assigned to such term by section 1504 (a) ; except that (i) the phrase "more than 50 percent" shall be substituted for the phrase "at least 80 percent...
Page 57 - In addition to other taxes, there is hereby imposed on every employer an excise tax, with respect to having individuals in his employ, equal to the following percentages of the wages (as defined in section 3121 (a) ) paid by him with respect to employment (as...
Page 22 - ... such creator or person through the ownership, directly or Indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 69 - ... possession, custody, or care of books of account containing entries relating to the business of the person liable for tax or required to perform the act, or any other person the Secretary or his delegate may deem proper, to appear before the Secretary...