The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1987 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. |
Other editions - View all
Common terms and phrases
accumulation distribution adjusted basis ADJUSTED PAYOUT RATE allocated amount annuity apply attributable beneficiary capital account capital loss carryback carryover charitable remainder Code company taxable income contracts corpus decedent December 31 deemed distributed defined in section depreciation described in section determined distributable net income distributive share dividends duction example excess expenses fair market value foreign trust created gain or loss grantor graph gross income included insurance company taxable Internal Revenue Code justment liability loss from operations ment mutual insurance mutual insurance company nership ordinary income paid paragraph partner partnership agreement partnership property payment percent pooled income fund portion preceding taxable premiums PRESENT WORTH PROPERTY TRANSFERRED provided in section received reinsured REMAINDER INTEREST respect rules SHOWING THE PRESENT Subchapter subparagraph Subpart taken into account tax imposed tax-exempt interest taxable investment income taxable years beginning term tion treated tributed trust instrument U.S. person UNITRUST Yearly rate
Popular passages
Page 371 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation ; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 408 - ... (2) General rule. — 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...
Page 476 - For purposes of this section, 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 a month.
Page 376 - Though its name, charter powers, and subjection to State insurance laws are significant in determining the business which a corporation is authorized and intends to carry on, the character of the business actually done in the taxable year determines whether it is taxable as an insurance company under the Internal Revenue Code.
Page 242 - The person who, by reason of the death of the decedent, acquires the right to receive the amount. if the right to receive the amount is not acquired by the decedent's estate from the decedent; or...
Page 397 - Life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan, continuing for life and not subject to cancellation...
Page 14 - Income which Is to be distributed currently by the fiduciary to the beneficiaries, and Income collected by a guardian of an Infant which Is to be held or distributed as the court may direct...
Page 85 - For this purpose, the amounts shall be treated as consisting of the same proportion of each class of items entering into the computation of distributable net income...
Page 379 - ... non-cancellable health and accident insurance contracts (including life insurance or annuity contracts combined with noncancellable health and accident insurance) involving, at the time with respect to which the reserve is computed, life, health, or accident contingencies.
Page 221 - The grantor's father, mother, issue, brother or sister; an employee of the grantor; a corporation or any employee of a corporation in which the stock holdings of the grantor and the trust are significant from the viewpoint of voting control; a subordinate employee of a corporation in which the grantor is an executive. For purposes of sections 674 and 675, a related or subordinate party...