Reports of the Tax Court of the United States, Volume 52U.S. Government Printing Office, 1969 Final issue of each volume includes table of cases reported in the volume. |
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Common terms and phrases
agreed agreement amount application assets basis capital gain carryback cash Charlottetown Chief Pontiac claim common stock community property computing contract Corp corporation Court decedent decedent's December 31 decision deduction director of internal distribution district director dividends earnings and profits Elk Grove employee entitled estate tax exchange expenses Federal income tax filed follows funds gift tax held hereinafter Income Tax Regs income tax return interest Internal Revenue Code Internal Revenue Service issue joint June 30 liquidation loan ment notice of deficiency operating loss ordinary income paid parties partnership patent payments percent period peti petition petitioner petitioner's Preferred Stock prior purchase purposes pursuant received referred respect Respondent determined RESPONDENT Docket respondent's shareholders shares stipulated stockholders SUB plan supra Swiss Controls tax liability taxable income taxable year ended taxpayer Thalhimer tion tioner Tollefsen transaction transfer trust United wife
Popular passages
Page 341 - ... that the United States does and will hold the land thus allotted for the period of twenty-five years, in trust for the sole use and benefit of the Indian to whom such allotment shall have been made, or, in case of his decease, of his heirs according to the laws of the State or Territory where such land is located...
Page 5 - ... (1) out of its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or 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 341 - That upon the approval of the allotments provided for in this act by the secretary of the interior, he shall cause patents to issue therefor in the name of the allottees, which patents shall be of the legal effect, and declare that the United States does and will hold the land thus allotted, for the period of twenty-five years, in trust...
Page 79 - ... transaction entered into for profit, real property is purchased with the intention of demolishing either immediately or subsequently the buildings situated thereon...
Page 191 - 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 235 - Is divorced or legally separated from her husband under a decree of divorce or of separate maintenance...
Page 464 - ... substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly or indirectly, in the profits of the association, upon dissolution or otherwise, beyond the fixed dividends) is owned by producers who market their products or purchase their supplies and equipment through the association...
Page 644 - ... (b) Sales of realty and casual sales of personalty. — In the case (1) of a casual sale or other casual disposition of personal property (other than 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), for a. price exceeding $1,000...
Page 724 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 203 - Payments for the use or occupancy of rooms or other space where services are also rendered to the occupant, such as for the use or occupancy of rooms or other quarters in hotels, boarding houses, or apartment houses furnishing hotel services, or in tourist camps or tourist homes, or payments for the use or occupancy of space in parking lots, warehouses, or storage garages, do not constitute rentals from real estate; consequently, such payments are included in determining net earnings from self-employment.