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, 1965 |
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Common terms and phrases
adjusted adjusted basis aggregation allocated allowed amended by T.D. annuity contract apply bad debts basis beginning after December benefits billing-month carryback carryover compensation computed corporation December 31 deduction under section defined in section described in section distribution election under section employee employee's example exceed exempt fair market value graph gross income installment Internal Revenue Code investment income liability LIFO loss from operations losses on qualifying ment method of accounting mutual insurance mutual insurance company operating mineral interests operations loss option owner-employee paid paragraph payment percent ployee pool premiums provisions of section qualifying real property real property loans reinsured reserve for losses respect restricted stock retirement bond rules section 404 self-employed individual shareholders Statutory provisions stock option subdivision subparagraph subsection subsequent taxable taken into account tax imposed taxable income taxable years beginning taxpayer term tion tract trade or business transfer treated trust
Popular passages
Page 13 - ... in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 161 - Farmers Home Administration Federal Crop Insurance Corporation Federal Procurement Regulations System Foreign Agricultural Service Forest Service Rural Electrification Administration Secretary of Agriculture, Office of Soil Conservation Service Statistical Reporting Service Air Force Department Alaska Railroad...
Page 71 - This paragraph shall apply with respect to amounts received for services under a particular contract only if at some time during the taxable year 25 percent or more in value of the outstanding stock of the corporation is owned, directly or indirectly, by or for the individual who has performed. is to perform, or may be designated (by name or by description) as the one to perform, such services.
Page 85 - 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 162 - Copyright Office, Library of Congress Customs Bureau Defense Department Air Force Department Army Department Navy Department Secretary of Defense, Office of Defense Materials Service Defense Supply Agency Delaware River Basin Commission District of Columbia Redevelopment Land Agency Economic Development Administration Economic Opportunity, Office of Education, Office of Emergency Planning, Office of Employees' Compensation, Bureau of Employees...
Page 9 - ... (2) if under the trust instrument it is Impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter...
Page 9 - Secretary or his delegate, with respect to that portion of his earned income which bears the same ratio to his earned income as the basic or regular compensation of the employees under the plan bears to the total compensation of such employees.
Page 100 - Except in the case of amounts of premiums or other consideration returned to another life insurance company in respect of reinsurance ceded, amounts returned where the amount is not fixed in the contract but depends on the experience of the company or the discretion of the management shall not be included in return premiums.
Page 43 - ... for the period beginning with the date on which it was put into effect and ending with the 15th day of the third month following the close of the taxable year of the employer in which the plan was put...
Page 76 - ... (1) exclusively for the collective investment and reinvestment of moneys contributed thereto by the bank in its capacity as a trustee, executor, administrator, or guardian ; and (2) in conformity with the rules and regulations, prevailing from time to time, of the Board of Governors of the Federal Reserve System pertaining to the collective investment of trust funds by national banks.