Internal Revenue Cumulative Bulletin |
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acquired addition allowed amended amount apply assets attributable authority basis benefits bonds capital computing considered construction contained Contracting contributions corporation costs death deduction defined described determined distribution dividends dollars earnings effect election employee establishment example excess exchange exempt expenses facilities FACTS federal filed foreign France French fund gain gift gross income HOLDING imposed income tax individual interest Internal Revenue Internal Revenue Code investment issue January liability limitation loss meaning ment method obligations Office operation organization paid paragraph payment percent period person portion prior proceeds production profits proposed provides purchase pursuant qualify reason received refunding regulations relating resident respect result Revenue Code rules taxable taxpayer term termination tion trade transfer Treasury treated trust United vides
Popular passages
Page 116 - Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed in partial liquidation of a corporation shall be treated as in part or full payment in exchange for the stock.
Page 196 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the 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 gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 99 - The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Page 158 - ... to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of longcontinued and indefinite duration.
Page 293 - 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 202 - Under an accrual method of accounting, an expense is deductible for the taxable year in which all the events have occurred which determine the fact of the liability and the amount thereof can be determined with reasonable accuracy.
Page 251 - ... if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income.
Page 353 - An educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 429 - Enterprises of a Contracting State, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting State, shall...
Page 428 - Where, however, the person paying the interest, whether he is a resident of a Contracting State or not, has in a Contracting State a permanent establishment...
Bibliographic information
| Title | Internal Revenue Cumulative Bulletin |
| Author | United States. Internal Revenue Service |
| Publisher | Department of the Treasury, Internal Revenue Service, 1979 |
| Original from | the University of Michigan |
| Digitized | 9 May 2007 |
| Export Citation | BiBTeX EndNote RefMan |