Federal Income, Estate and Gift Tax Laws, Correlated

Front Cover
Callaghan, 1944 - 1242 pages
 

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Contents

Adjusted basis for determining gain or loss 184 Credits against net income
41
Exclusions from gross income
47
Gross income
59
211a1
86
Stock ownership
101
104b
104
June
107
251e
113
115e
115
Capital gains and losses
117
107
139
147a
147
251f
172
Lien for tax 1010 Examination of return and determination of
182
211a
198
506e
204
SEC
207
506h new
214
721a
221
107
231
251
234
a
242
506j new
248
261a
261
Definition of deficiency
271
Undistributed subchapter A net income
272
116a
288
25b
290
147a re
314
Deduction of dividends paid on certain pre
328
Commodity credit loans
337
711a2L 210b
355
Amortization deduction
357
264repealed 159e
358
Amortizable bond premium
363
Taxes of foreign countries and possessions
374
Consolidated returns
384
Fiduciary returns
395
711a 3 213a
398
Withholding of tax at source
401
Closing by Commissioner of taxable year 218 Payment of
414
148f
420
Collection of foreign items
422
152re
426
291b new
432
25b1
435
106b
443
Imposition of
459
211a3
466
23a
468
SRA
483
Deficiency dividendsCredits and refunds
506
109new
512
1942
516
Dec
520
Definition of deficiency 1012 Assessment and collection of deficiencies
530
Jeopardy assessments
534
Jeopardy assessments
543
Claims in abatement 874 Period of limitation upon assessment and collection
546
711b1
547
SameExceptions
550
Suspension of running of statute
552
Additions to the tax in case of deficiency
556
Interest in case of jeopardy assessments
562
Cross reference
568
Rate of
600
SUPPLEMENT BINTEREST ADDITIONS TO THE TAX AND PENALTIES
608
711b1
612
Subchapter CExcess Profits on Navy Contracts PART IIRULES IN CONNECTION WITH CERTAIN
620
711b2
645
Method of collection
650
Transferred assets
656
Dec
686
Tax on net income from certain sources
700
Closing agreements
728
5a
735
211b
748
Excess profits net income
749
ning after a certain date they are shown in this column
752
126a
772
Excess profits creditAllowance
775
Definition of invested capital
794
202
814
602
837
After 2
882
Interest on extended payments
890
Interest on deficiencies
891
Interest on jeopardy assessments
892
Additions to the tax in case of nonpayment
893
Penalties
894
Cross reference
895
Returns 822 Payment of
994
Duplicate receipts 824 Examination of return and determination of tax 825 Discharge of executor from personal liability
996
Collection of unpaid
998
Lien for
1002
Cross references SUBPART IIIMISCELLANEOUS PROVISIONS 840 Other laws applicable 841 Cross references
1004
SUBPART IVSPECIAL CLASSES OF RESIDENTS 850 Missionaries in foreign service 851 Citizens with estates in China PART III_ESTATES OF N...
1006
Net estate
1008
Claims in abatement
1014
Bankruptcy and receiverships
1015
Period of limitation upon assessment and collection
1016
Suspension of running of statute
1017
Property within the United States 863 Property without the United States 864 Returns
1018
Additions to the tax in case of deficiency
1019
Cross reference PART IVSUPPLEMENTAL PROVISIONS SUPPLEMENT AASSESSMENT AND COLLECTION OF DEFICIENCIES 870 Definitio...
1020
Interest on deficiencies
1021
Procedure in general
1022
Additions to the tax in case of nonpayment
1023
Penalties
1024
Transferred assets
1025
Notice of fiduciary relationship
1026
Refunds and credits
1027
Laws made applicable
1028
Rules and regulations
1029
Publicity of returns CHAPTER 5BOARD OF TAX APPEALS Subchapter AOrganization Jurisdiction and 1118 Provisions of special application to di...
1031
SUPPLEMENT CLAIMS AGAINST TRANSFEREES AND FIDUCIARIES 900 Transferred assets
1044
Period of limitation for filing claims 911 Effect of petition to Board
1048
Overpayment found by Board 913 Cross references
1050
SUPPLEMENT E ESTATES IN CHINA 920 Payment of tax 921 Authority of clerk of United States Court for China to act as collector SUPPLEMEN...
1052
Requirements for extension 927 Credit for state death taxes SUPPLEMENT GDEFINITIONS
1054
Executor net estate month collector 931 Cross references Subchapter BAdditional Estate Tax 935 Rate of
1056
Credits against
1062
Assessment collection and payment of tax 938 Publicity of returns
1064
CHAPTER 4GIFT TAX 1000 Imposition of
1071
Computation of
1072
Transfer for less than adequate and full con sideration
1080
Net gifts 1004 Deductions
1082
Gifts made in property
1087
Returns 1007 Records and special returns
1088
Payment of
1090
Provisions of special application to trans ferees
1119
Part 1ORGANIZATION AND JURISDICTION 1120 Publicity of proceedings
1120
Publication of reports
1121
711a
1124
Status 1101 Jurisdiction PART IIIMISCELLANEOUS PROVISIONS 1102 Membership 1130 Employees 1103 Organization 1131 Expenditures
1131
Offices 1132 Disposition of fees 1105 Times and places of meetings 1133 Fee for transcript of record PART IIPROCEDURE Subchapter BCourt Rev...
1132
Petition for review
1134
Administration of oaths and procurement of 1143 Change of Commissioner testimony 1144 Cross reference 1115 Witness fees 1145 Bond to stay ass...
1135
Refund credit or abatement of amounts 1117 Reports and decisions disallowed SUBTITLE BMISCELLANEOUS TAXES CHAPTER 6CAPITAL ST...
1136
Returns 1204 Publicity of returns 1205 Payment of tax 1206 Addition to the tax in case of delinquency 1207 Other laws applicable CHAPTER 7TA...
1138
Nontaxable transfers 1252 Definition of foreign trust 1253 Payment and collection 1254 Publicity of returns
1139
Other laws applicable
1148
CHAPTER 36COLLECTION Subchapter AGeneral Provisions SEC 3650 Collection districts 3651 Collection authority 3652 Establishment by regula...
1154
General powers and duties relating to collec tion 3655 Notice and demand for tax 3656 Payment by check 3657 Payment by United States notes and ...
1155
Receipts for taxes 3660 Jeopardy assessment 3661 Enforcement of liability for taxes collected 3662 Prohibition of suits to replevy property taken un...
1156
PART IIDISTRAINT ON REAL ESTATE SEO 3700 Authority to distrain 3701 Proceedings on distraint 3702 Redemption of real estate 3703 Certifi...
1160
Distraint by collector outside his district 3714 Period of limitation upon distraint 3715 Successive seizures 3716 Fees and charges in distraint and seiz...
1162
Judicial proceedings to enforce forfeiture 3724 Goods valued at 500 or less
1163
Stamping marking and branding seized goods 3726 Customs laws applicable 3727 Cross references
1164
Overpayment of installment
1166
Interest on overpayments 500
1167
Net income
1172
SUBTITLE EPERSONNEL
1176
CHAPTER 41COLLECTORS OF INTERNAL REVENUE Subchapter AAppointment Compensation and Bond SEC 3940 Number 3941 Appointmen...
1178
Payment of advertising stationery and postage expenses Subchapter BAccounts Records and Reports 3950 Charges and credits 3951 Quarterly reven...
1179
Subchapter CPowers and Duties 3961 Collection 3962 Completion of collections SEO 3964 Information and returns 3965 Administration of oaths an...
1180
Subchapter EDistraint Against Delinquent Collector 3975 Warrant of distress 3976 Sale of personal property 3977 Sale of real property 3978 Disposi...
1181
Retention of deputies pending appointment of successor collector 3997 Administration of oaths CHAPTER 43INTERNAL REVENUE AGENTS 400...
1182
CHAPTER 46MISCELLANEOUS PROVISIONS 4040 Posts of duty of employees in field service or 4045 Special authorizations to make seizures tra...
1183
Authorization 5003 Appointment and compensation of staff
1185
165
1189
Borrowed invested capital
1191
Credits against net income
1192
117c
1195
SUPPLEMENT PFOREIGN PERSONAL HOLDING COMPANIES
1202
Employees trusts
1204
322b
1205
112b
1209
Information returns by officers and directors 467 Withholding agent
1213
Admissible and inadmissible assets
1217
Income of an estate or trust in case of divorce 263 Credits against the
1221
Property subject to lien 3671 Period of lien 3672 Validity against mortgagees pledgees pur chasers and judgment creditors 3673 Release of lien 3674...
1222
Authority to distrain
1228
Property exempt from distraint 3692 Levy 3693 Proceedings on distraint 3694 Priority of specific tax liability on distrained property 3695 Property ...
1229
322b4
1230
SUPPLEMENT REGULATED INVESTMENT COMPANIES
1232
Abnormalities in income in taxable period 780 Postwar refund of excess profits
1236
mony
1238
Definition
1240
Compromises 3762 Penalties
1241
Copyright

Common terms and phrases

Popular passages

Page 299 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include 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 140 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 281 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 80 - In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. In the case of property held in trust the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions, on the basis of the trust income...
Page 314 - If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or imminence thereof) of property used in the trade or business and capital assets held for more than 6 months into other property or money, exceed the recognized losses from...
Page 268 - The allowance for depletion under section 23 (m) shall be, in the case of coal mines, 5 per centum, in the case of metal mines, 15 per centum, and, in the case of sulphur mines or deposits, 23 per centum, of the gross income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect of the property.
Page 424 - There shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for Its taxable year which is to be distributed currently...
Page 225 - If an exchange would be within the provisions of subsection (b) (1), (2), (3), or (5) of this section 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, 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 227 - If the corporation receiving such other property or money does not distribute It in pursuance of the plan of reorganization, the gain, if any, to the corporation 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 so received, which is not so distributed.
Page 502 - The income of a nonresident alien individual which consists exclusively of earnings derived from the operation of a ship or ships documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States shall not be included in gross income and shall be exempt from taxation under this chapter.

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