Codification of Internal Revenue Laws, ... Published Pursuant to Section 1203(c) Revenue Act of 1926. 75-2 |
From inside the book
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Page vi
... Means on the Revenue Revision of 1938 that the Treasury is vitally interested in this work and ex- pressed the hope that the staff would be able to complete the work in time for the codification to be approved at this session of Con ...
... Means on the Revenue Revision of 1938 that the Treasury is vitally interested in this work and ex- pressed the hope that the staff would be able to complete the work in time for the codification to be approved at this session of Con ...
Page vi
... Means on the Revenue Revision of 1938 that the Treasury is vitally interested in this work and expressed the hope that the staff would be able to complete the work in time for the codification to be approved at this session of Congress ...
... Means on the Revenue Revision of 1938 that the Treasury is vitally interested in this work and expressed the hope that the staff would be able to complete the work in time for the codification to be approved at this session of Congress ...
Page ix
... Means of January 14 , 1938 , dealing with this proposal . The Tax Division of the Department of Justice , in the perform- ance of its function of handling revenue litigation , has been im- pressed with the need of a codification of the ...
... Means of January 14 , 1938 , dealing with this proposal . The Tax Division of the Department of Justice , in the perform- ance of its function of handling revenue litigation , has been im- pressed with the need of a codification of the ...
Page 5
... means the amount of the net income in excess of the credits against net income provided in section 25 ( b ) . ( b ) RATES OF SURTAX . - There shall be levied , collected , and paid for each taxable year upon the surtax net income of ...
... means the amount of the net income in excess of the credits against net income provided in section 25 ( b ) . ( b ) RATES OF SURTAX . - There shall be levied , collected , and paid for each taxable year upon the surtax net income of ...
Page 7
... means the net income minus the sum of— ( 1 ) INTEREST ON OBLIGATIONS OF THE UNITED STATES AND ITS INSTRUMENTALITIES . - The credit provided in section 26 ( a ) . ( 2 ) DIVIDENDS RECEIVED . - The credit provided in section 26 ( b ) ...
... means the net income minus the sum of— ( 1 ) INTEREST ON OBLIGATIONS OF THE UNITED STATES AND ITS INSTRUMENTALITIES . - The credit provided in section 26 ( a ) . ( 2 ) DIVIDENDS RECEIVED . - The credit provided in section 26 ( b ) ...
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Common terms and phrases
Administrator affixed agents alcohol allowed amended amount applicable approval assessment authorized Board bonded warehouse brandy centum in addition chapter claim collected collector corporation court CROSS REFERENCE dealer deduction deemed deficiency distilled spirits distillery distraint District of Columbia duties of Commissioner employee excess exempt export filed foreign forfeiture gift taxes gross income imposed by section imprisoned interest internal revenue Internal Revenue Code internal-revenue July 13 July 20 June 26 June 30 liability liquor malt malt liquors manufacturer net estates officer oleomargarine package paid paragraph penalty period powers and duties produced provided in section purpose refund regulations prescribed respect Revenue Act rules and regulations Secretary sell snuff sold special tax stamps Stat Statutes subchapter subsection tax imposed taxable taxpayer therein thereof tion Title tobacco TRANSFER OF DUTIES transfer of powers Treasury trust United white phosphorus wine
Popular passages
Page 40 - ... (B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the year in which the transfer was made.
Page 12 - 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 49 - 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 60 - ... any person who willfully attempts in any manner to evade or defeat any tax imposed by this chapter or the payment thereof, shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than five years, or both, together with the costs of prosecution.
Page 222 - person" as used in this section includes an officer or employee of a corporation or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.
Page 186 - ... tax, make such return, keep such records, or supply such information, at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than one year, or both, together with the costs of prosecution.
Page 281 - Any person who willfully fails to pay, collect, or truthfully account for and pay over, any tax imposed by Titles IV, V, VI, VII, VIII, and IX, or willfully attempts in any manner to evade or defeat any such tax or the payment thereof, shall, in addition to other penalties provided by law, be liable to a penalty of the amount of the tax evaded, or not paid, collected or accounted for and paid over, to be assessed and collected in the same manner as taxes are assessed and collected.
Page 117 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 38 - ... (2) If the corporation receiving such other property or money does not distribute it in pursuance of the plan of reorganization, the gain, if any, to the corporation shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property so received, which is not so distributed.
Page 419 - ... whether made upon or shown by the books of the association, company, or corporation, or by any assignment in blank, or by any delivery, or by any paper or agreement or memorandum or other evidence of transfer or sale...