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, 1969 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
20 percent accumulated earnings acquiring corporation adjusted basis classes of stock 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 erty excess fair market value February 28 feror corporation following examples gain or loss graph gross income holders Internal Revenue Code January June 30 liability loss corporation method of accounting operating loss carryovers operating loss deduction outstanding stock paragraph percent in value personal holding company plan of liquidation poration postacquisition preceding taxable preferred stock provided in section provisions of section purchase purposes of section pursuant recognized redemption of stock respect sale or exchange section 306 stock section 381 shareholder Statutory provisions stock of Corporation stock or securities subchapter subparagraph subsection taxable income taxable year beginning taxable year ending tion trade or business transaction transferor corporation treated tribution X Corporation
Popular passages
Page 225 - ... Committee of the Federal Register Advisory Commission on Intergovernmental Relations Agency for International Development Federal Procurement Regulations System Aging, Administration on Agricultural Research Service Agricultural Stabilization and Conservation Service Agriculture Department Agricultural Research Service Agricultural Stabilization and Conservation Service Commodity Credit Corporation Commodity Exchange Authority Commodity Exchange Commission Consumer and Marketing Service...
Page 103 - ... 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 30 - ... (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 84 - 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 226 - Employment Security, Bureau of Engineers, Corps of Engraving and Printing, Bureau of Environmental Science Services Administration Equal Employment Opportunity Equal Employment Opportunity Commission Executive Office of the President Export-Import Bank of the United States Farm Credit Administration Farmers Home Administration Federal Aviation Administration Federal Procurement Regulations System Federal Claims Collection Standards Federal Coal Mine Safety Board of Review Federal Communications Commission...
Page 14 - For purposes of this section, control means the ownership of stock possessing at least 50 percent of the total combined voting power of all classes of stock entitled to vote, or at least 50 percent of the total value of shares of all classes of stock.
Page 81 - 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 32 - ... possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote and the owner of 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 79 - ... was not acquired by the corporation within such period in a transaction in which gain or loss was recognized in whole or in part.
Page 99 - Where as part of the consideration to the taxpayer another party to the exchange assumed a liability of the taxpayer or acquired from the taxpayer property subject to a liability, such assumption or acquisition (in the amount of the liability) shall, for the purposes of this paragraph, be considered as money received by the taxpayer upon the exchange.