The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1968 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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Common terms and phrases
20 percent 301 applies accumulated earnings acquiring corporation adjusted basis common stock complete liquidation controlled corporation date of distribution December 31 described in section determined distribution or transfer distributor or transferor dividend carryover earnings and profits election erty excess fair market value February 28 feror corporation following examples gain or loss graph holders Internal Revenue Code January June 30 liability loss corporation method of accounting operating loss carryovers operating loss deduction outstanding stock ownership paragraph percent in value plan of liquidation plan of reorganization poration postacquisition preceding taxable prop property received provided in section provisions of section purchase pursuant quiring recognized redemption relating respect sale or exchange section 306 stock section 381 shareholder Statutory provisions stock and securities stock of Corporation stock or securities subchapter subparagraph subsection taxable income taxable year ending tion trade or business transaction transferor corporation treated tribution X Corporation
Popular passages
Page 232 - Consumer and Marketing Service (Marketing Agreements and Orders; Miscellaneous Commodities), Department of Agriculture XII Statistical Reporting Service (Agricultural Statistics), Department of Agriculture XIV Commodity Credit Corporation, Department of Agriculture XV Foreign Agricultural Service, Department of Agriculture XVI Consumer and Marketing Service (Food Stamp Program), Department of Agriculture XVII Rural Electrification Administration, Department...
Page 101 - 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 120 - In control of the acquiring corporation) , of substantially all of the properties of another corporation, but In determining whether the exchange is solely for stock the assumption by the acquiring corporation of a liability of the other, or the fact that property acquired Is subject to a liability, shall be disregarded...
Page 119 - 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.
Page 44 - ... (b) SOURCE OF DISTRIBUTIONS. — For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and from the most recently accumulated earnings or profits.
Page 97 - 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...
Page 62 - In the case of a series of transactions, the date of the last such transaction) ; and (B) Stock of the distributing corporation possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except non voting stock which is limited and preferred as to dividends...
Page 100 - 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, then the gain, If any, to the recipient 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.
Page 233 - I Bureau of the Comptroller of the Currency, Department of the Treasury II Federal Reserve System III Federal Deposit Insurance Corporation IV Export-Import Bank of...
Page 100 - 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...