Reports of the Tax Court of the United States, Volume 30U.S. Government Printing Office, 1959 - Law reports, digests, etc |
From inside the book
Results 6-10 of 100
Page 60
... taxpayer's board of directors adopted a resolution which provided that the taxpayer would enter the envelope manufacturing business on a moderate scale , with an expenditure of approximately $ 13,000 . The resolution provided for the ...
... taxpayer's board of directors adopted a resolution which provided that the taxpayer would enter the envelope manufacturing business on a moderate scale , with an expenditure of approximately $ 13,000 . The resolution provided for the ...
Page 62
... taxpayer claimed relief on the ground of a change in character of its business during the base period consisting of a difference in products furnished . The alleged change was from the manufacture of hosiery from silk yarn to the ...
... taxpayer claimed relief on the ground of a change in character of its business during the base period consisting of a difference in products furnished . The alleged change was from the manufacture of hosiery from silk yarn to the ...
Page 80
... TAXPAYER . - Within such time ( but not less than 30 days ) after the mailing of the notification described in subsection ( b ) as the Secretary or his delegate may prescribe by regulations , the taxpayer may submit a statement of the ...
... TAXPAYER . - Within such time ( but not less than 30 days ) after the mailing of the notification described in subsection ( b ) as the Secretary or his delegate may prescribe by regulations , the taxpayer may submit a statement of the ...
Page 112
... taxpayer's income . After pointing out that the execution of the deed to the purchaser , the mortgage by the purchaser to the association , and the assignment by the taxpayer of the withheld deposit to the as- sociation were ...
... taxpayer's income . After pointing out that the execution of the deed to the purchaser , the mortgage by the purchaser to the association , and the assignment by the taxpayer of the withheld deposit to the as- sociation were ...
Page 113
... taxpayer for the period in which the notes were received by the taxpayer . Evans Motor Co. , 29 T. C. 555 ; Albert M. Brodsky , 27 T. C. 216 ; Blaine Johnson , 25 T. C. 123 , revd . 233 F. 2d 952 ; Texas Trailercoach , Inc. , 27 T. C. ...
... taxpayer for the period in which the notes were received by the taxpayer . Evans Motor Co. , 29 T. C. 555 ; Albert M. Brodsky , 27 T. C. 216 ; Blaine Johnson , 25 T. C. 123 , revd . 233 F. 2d 952 ; Texas Trailercoach , Inc. , 27 T. C. ...
Other editions - View all
Common terms and phrases
acquired additional agreed agreement Allis Corporation allowed amount assets bank base period basis Bausch & Lomb beneficiary bonds capital gain cash cent cigarette paper claimed common stock Company computing contract cost Court debts decedent December 31 deduction deficiency depreciation directors distribution dividends Docket earnings employees entitled excess profits tax expenses Federal filed FINDINGS OF FACT follows franchise gross income held hereinafter Hoguet income tax income tax return installment interest Internal Revenue Code issue J. I. Morgan January lease liability loan ment mill mortgage net income ordinary income paid parties payable payments peti petitioner petitioner's preferred stock prior production pulp purchase purposes pursuant quartzite received rental respect respondent determined respondent's Riggs section 23 sell shareholders shares sold stipulated stockholders supra taxable taxpayer tion tioner trade or business transaction transfer Trianon trust trust instrument United wife
Popular passages
Page 128 - All other property acquired after marriage by either husband or wife, or both, including real property situated in this state, and personal property wherever situated, heretofore or hereafter, acquired while domiciled elsewhere, which would not have been the separate property of either if acquired while domiciled in this state, is community property...
Page 312 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Page 939 - For purposes of this section, the term "collapsible corporation" means a corporation formed or availed of principally for the manufacture, construction, or production of property, for the purchase of property which (In the hands of the corporation) is...
Page 228 - An exemption of $50,000; (b) In the case of a nonresident, by deducting from the value of that part of his gross estate which at the time of his death is situated in the United States...
Page 312 - In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions, on the basis of the trust income allocable to each.
Page 30 - permanent establishment" when used with respect to an enterprise of one of the contracting parties means a branch, management, factory or other fixed place of business, but does not include an agency unless the agent has, and habitually exercises, a general authority to negotiate and conclude contracts on behalf of such enterprise or has a stock of merchandise from which he regularly fills orders on its behalf.
Page 528 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 597 - 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 372 - ... such timber, and the adjusted depletion basis thereof, shall be considered as though it were a gain or loss, as the case may be, on the sale of such timber.
Page 693 - The liability, at law or in equity, of a transferee of property of a taxpayer, in respect of the tax (including interest, additional amounts, and additions to the tax provided by law) imposed upon the taxpayer by this title or by any prior income, excess-profits, or war-profits tax Act.