The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1968 - 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 12
... considered to have met such requirements at the close of such quarter for purposes of applying the precea- ing sentence . ( e ) Investment companies furnishing cap- ital to development corporations— ( 1 ) Gen- eral rule . If the ...
... considered to have met such requirements at the close of such quarter for purposes of applying the precea- ing sentence . ( e ) Investment companies furnishing cap- ital to development corporations— ( 1 ) Gen- eral rule . If the ...
Page 13
... considered at any date to be fur- nishing capital to any company whose secu- rities it holds if within 10 years prior to such date it has acquired any of such securities , or any securities surrendered in exchange therefor , from such ...
... considered at any date to be fur- nishing capital to any company whose secu- rities it holds if within 10 years prior to such date it has acquired any of such securities , or any securities surrendered in exchange therefor , from such ...
Page 16
... considered to be principally engaged in the development or exploita- tion of inventions , technological im- provements , new processes , or products not previously generally available , for at least 10 years after the date of the first ...
... considered to be principally engaged in the development or exploita- tion of inventions , technological im- provements , new processes , or products not previously generally available , for at least 10 years after the date of the first ...
Page 22
... considered income to the pur- chaser , then the purchaser is also con- sidered to be the shareholder of such company at the close of its taxable year for purposes of including an amount of undistributed capital gains in gross in- come ...
... considered income to the pur- chaser , then the purchaser is also con- sidered to be the shareholder of such company at the close of its taxable year for purposes of including an amount of undistributed capital gains in gross in- come ...
Page 27
... considered as a dividend unless such 86-052-68- -3 distribution is pro - rata , with no prefer- ence to any share of stock as compared with other shares of the same class ex- cept to the extent that the former is entitled to such ...
... considered as a dividend unless such 86-052-68- -3 distribution is pro - rata , with no prefer- ence to any share of stock as compared with other shares of the same class ex- cept to the extent that the former is entitled to such ...
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Common terms and phrases
adjusted basis allocated allowed 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 387 - 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...
Page 143 - 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 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 367 - 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 90 - States, the amount of any such taxes paid or accrued during the taxable year to any foreign country, if the foreign country of which such alien resident is a citizen or subject, in imposing such taxes, allows a similar credit to citizens of the United States residing in such country; and (4) PARTNERSHIPS AND ESTATES.
Page 137 - Indies, and which satisfies the following conditions : (1) if 95 percent or more of the gross income of such domestic corporation for the 3-year period immediately preceding the close of the taxable year (or for such part of such period during which the corporation was in existence...
Page 63 - ... engaged in trade or business within the United States and not having an office or place of business therein, from sources within the United States as interest (except interest on deposits with persons carrying on the banking business), dividends, rents, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable annual or periodical gains, profits, and income...
Page 89 - ... (1) Citizens and domestic corporations. In the case of a citizen of the United States and of a domestic corporation, the amount of any income, war profits, and excess profIts taxes paid or accrued during the taxable year to any foreign country or to any possession of the United States; and (2) Resident of the United States or Puerto Rico.
Page 122 - Secretary or his delegate that he has been a bona flde resident of a foreign country or countries for an uninterrupted period which includes an entire taxable year, amounts received from sources without the United States...
Page 52 - 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 52 - States as provided in subsection (a) (2) of this section; (3) Compensation for labor or personal services performed without the United States; (4) Rentals or royalties from property located without the United States or from any interest in such property including rentals or royalties for the use of or for the privilege of using without the United States...