Reports of the Tax Court of the United States, Volume 31

Front Cover
U.S. Government Printing Office, 1959
Final issue of each volume includes table of cases reported in the volume.

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Page 632 - 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 959 - Property Used in the Trade or Business. (1) Definition of property used in the trade or business. For the purposes of this subsection, the term "property used in the trade or business...
Page 544 - ... periodic payments (whether or not made at regular intervals) received after such decree in discharge of (or attributable to property transferred, in trust or otherwise, in discharge of) a legal obligation which, because of the marital or family relationship, is imposed on or incurred by the husband under the decree or under a written instrument incident to such divorce or separation.
Page 213 - The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as of a different period.
Page 539 - General definition. Except as otherwise provided In this subtitle, gross Income means all Income from whatever source derived, Including (but not limited to) the following Items: (1) Compensation for services. Including fees, commissions, and similar Items; (2) Gross Income derived from business...
Page 632 - ... 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 ; but in the case of an exchange by two or more persons this paragraph shall apply only If the amount of the stock and securities received by each Is substantially In proportion to his Interest In the property prior to the exchange.
Page 458 - If a taxpayer receives earnings under a claim of right and without restriction as to its disposition, he has received income which he is required to return, even though it may still be claimed that he is not entitled to retain the money, and even though he may still be adjudged liable to restore its equivalent.
Page 305 - Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the total profit realized or to be realized when the payment is completed, bears to the total contract price.
Page 322 - In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 % 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 802 - If an interest in such property passes or has passed (for less than an adequate and full consideration in money or money's worth) from the decedent to any person other than such surviving spouse (or the estate of such spouse...

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