Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1975 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Common terms and phrases
accumulated earnings acquiring cor acquiring corporation adjusted basis assets classes of stock common stock complete liquidation controlled corporation date of distribution December 31 depreciation described in section determined distributing corporation distribution or transfer distributor or trans distributor or transferor dividend carryover earnings and profits election erty excess fair market value feror corporation following examples gain or loss graph holders Internal Revenue Code January June 30 liability loss corporation method of accounting method of taking operating loss carryovers outstanding stock ownership paragraph percent in value plan of liquidation poration postacquisition preferred stock provisions of section purchase purposes of section pursuant quiring recognized referred respect rules sale or exchange section 301 applies section 306 stock section 381 shareholder Statutory provisions stock of Corporation stock or securities subparagraph subsection taxable income taxable year beginning taxable year ending tion trade or business transaction transferor corporation treated X Corporation
Popular passages
Page 161 - ... 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 93 - ... (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 nonvoting stock which is limited and preferred as to dividends...
Page 53 - control" means the ownership of stock 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 of the corporation.
Page 133 - 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 129 - 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 155 - If the corporation receiving such other property or money distributes it in pursuance of the plan of reorganization...
Page 161 - 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, then the gain.
Page 74 - ... (1) Members of Family — (A) In General — An individual shall be considered as owning the stock owned, directly or indirectly, by or for — (i) his spouse (other than a spouse who is legally separated from the individual under a decree of divorce or separate maintenance), and (ii) his children, grandchildren, and parents.
Page 67 - For purposes of this subtitle, the term "dividend" means any distribution of property made by a corporation to its shareholders — (1) out of its earnings and profits accumulated after February 28, 1913, or (2) out of Its earnings and profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 150 - ... 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.