The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1967 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
adjusted basis affiliated group allowable amended apply base period calendar capital asset carryback Christian Science practitioner common parent component member computed consolidated net operating consolidated return controlled foreign corporation controlled group December 31 defined in section described in section determined distribution dividend duction earnings and profits election under section Example excess fair market value filed foreign corporation gain or loss graph gross income group of corporations income tax individual Internal Revenue Code limitation ment nonresident alien notice of allocation operating loss ordinary income paragraph partnership payment percent person poration portion prior taxable provisions of section pursuant refund regulations relating respect rules sale or exchange separate return shareholder short sale small business corporation spect Statutory provisions subdivision subparagraph subsidiary taken into account tax imposed tax paid taxable income taxable year beginning taxable year ending taxpayer tion trade or business treated unused credit written notice
Popular passages
Page 22 - 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 308 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 105 - ... 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 330 - ... title upon the obligee, or to reimburse the obligee for any portion of the tax, or to pay the interest without deduction for any tax which the obligor may be required or permitted to pay thereon or to retain therefrom under any law of the United States...
Page 23 - ... (3) a copyright, a literary, musical, or artistic composition, or similar property, held by (A) a taxpayer whose personal efforts created such property, or (B) a taxpayer in whose hands the basis of such property is determined, for the purpose of determining gain from a sale or exchange, in whole or in part by reference to the basis of such property in the hands of the person whose personal efforts created such property...
Page 172 - For the purposes of this paragraph a fractional part of a month shall be disregarded unless it amounts to more than half a month, in which case it shall be considered as a month.
Page 453 - ... if the rates for such furnishing or sale, as the case may be, have been established or approved by a State or political subdivision thereof, by an agency or instrumentality of the United States, or by a public service or public utility commission or other similar body of the District of Columbia or of any State or political subdivision thereof.
Page 520 - Corps of Environmental Science Services Administration Equal Employment Opportunity Equal Employment Opportunity Commission Executive Office of the President Export-Import Bank of Washington Family Services, Bureau of Farm Credit Administration Farmers Home Administration Federal Aviation Agency Federal Procurement Regulations System Federal Claims Collection Standards Federal Coal Mine Safety Board of Review Federal Communications Commission Federal Contract Compliance, Office of Federal Credit...
Page 292 - If property (as a result of its 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...
Page 344 - ... (b) Regulations. The Commissioner, with the approval of the Secretary, shall prescribe such regulations as he may deem necessary in order that the tax liability of any affiliated group of corporations making a consolidated return and of each corporation in the group, both during and after the period of affiliation, may be...