Internal Revenue Cumulative Bulletin, Parte2Department of the Treasury, Internal Revenue Service, 1977 |
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Página 31
... treated as industrial development bonds . Therefore , the interest on the proposed bonds will be excludable from the gross income of the bondholders un- der the provisions of section 103 ( a ) ( 1 ) . For a situation involving a drydock ...
... treated as industrial development bonds . Therefore , the interest on the proposed bonds will be excludable from the gross income of the bondholders un- der the provisions of section 103 ( a ) ( 1 ) . For a situation involving a drydock ...
Página 41
... treated as current expenses . Section 174 ( a ) of the Code pro- vides , in part , that a taxpayer may treat research or experimental ex- penditures that are paid or incurred during the taxable year in connection . with a trade or ...
... treated as current expenses . Section 174 ( a ) of the Code pro- vides , in part , that a taxpayer may treat research or experimental ex- penditures that are paid or incurred during the taxable year in connection . with a trade or ...
Página 42
... treated as obligations of a state . Therefore , the general rule in regard to industrial development bonds is that ... treated as current ex- penses . With respect to obligations issued on or after August 8 , 1972 , determinations shall ...
... treated as obligations of a state . Therefore , the general rule in regard to industrial development bonds is that ... treated as current ex- penses . With respect to obligations issued on or after August 8 , 1972 , determinations shall ...
Página 44
... treated as obligations of a state . Therefore , the general rule in regard to industrial development bonds is that gross income does include the inter- est on industrial development bonds . However , section 103 ( b ) provides certain ...
... treated as obligations of a state . Therefore , the general rule in regard to industrial development bonds is that gross income does include the inter- est on industrial development bonds . However , section 103 ( b ) provides certain ...
Página 62
... treated as a general sales tax and defines the term " compensating use tax " as mean- ing , in respect of any item , a tax that ( 1 ) is imposed on the use , storage , or consumption of such item , and ( 2 ) is complementary to a ...
... treated as a general sales tax and defines the term " compensating use tax " as mean- ing , in respect of any item , a tax that ( 1 ) is imposed on the use , storage , or consumption of such item , and ( 2 ) is complementary to a ...
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Términos y frases comunes
Accordingly accrued benefit adjusted basis allowed amended amount annuity apply assets basis bonds capital charitable Code provides computing contract contributions decedent December 31 deduction described in section determined DISC disqualified person distribution dividends election employee erty estate tax example exchange excise tax exemption expenses fair market value Federal income tax fiduciary filed foreign corporation funds gift gift tax gross income held Income Tax Regulations interest Internal Revenue Code Internal Revenue Service investment issue lease loan marital deduction meaning of section ment method paid paragraph participation partnership payment percent period poration preferred stock prior private foundation purchase purposes of section pursuant put option receipts received relating requested respect rules section 302 securities shareholder shares subdivision subparagraph subsidiary tax imposed taxpayer term tion trade or business transaction transfer treated trust United vides voting level voting stock
Pasajes populares
Página 293 - Congress declares that it is the policy of the United States to use export controls to the extent necessary (a) to protect the domestic economy from the excessive drain of scarce materials and to reduce the inflationary impact of abnormal foreign demand...
Página 303 - If It were not for the fact that the property received In exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Página 112 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Página 210 - In the case of the disposal of timber held for more than 6 months before such disposal, by the owner thereof under any form or type of contract by virtue of which such owner retains an economic interest In such timber, the difference between the amount realized from the disposal of 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.
Página 74 - Future interests" is a legal term, and includes reversions, remainders, and other interests or estates, whether vested or contingent, and whether or not supported by a particular interest or estate, which are limited to commence in use, possession, or enjoyment at some future date or time.
Página 32 - The obligations of a State, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia...
Página 370 - Under present law (Code sec. 4161 (a)), there is imposed upon the sale of fishing rods, creels, reels, and artificial lures, baits, and flies (including parts or accessories of such articles sold on or in connection therewith, or with the sale thereof) by the manufacturer, producer, or importer a tax equivalent to 10 percent of the price for which so sold.
Página 245 - States shall not exceed the same proportion of the tax against which such credit is taken which the taxpayer's taxable income from sources within such country or possession (but not in excess of the taxpayer's entire taxable income) bears to his entire taxable income for the same taxable year.
Página 110 - No gain or loss shall be recognized If property is transferred to a corporation by one or more persons solely In exchange for stock or securities in such corporation, and Immediately after the exchange such person or persons are in control of the corporation...
Página 55 - Though its name, charter powers, and subjection to State insurance laws are significant in determining the business which a corporation is authorized and intends to carry on, the character of the business actually done in the taxable year determines whether it is taxable as an insurance company under the Code.