What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
acquired adding addition adjusted allowed amended amount apply assets basis beginning benefit bill bond capital carry chapter charitable Code computed contract contribution controlled corporation debt December 31 deduction defined delegate depreciation described determined distribution effect election employee equal exceed excess exempt expenses extent filing foreign gain gift graph held holdings imposed income income tax increase individual inserting in lieu interest investment issue January less lieu thereof limitation loans loss means ment method month obligations operating organization P.L. Sec paid paragraph payment percent percentage period person placed portion preceding preference prescribed present private foundation qualified reason received reduced regard regulations relating respect result rules Secretary securities SPECIAL striking subparagraph subsection substantial taxable taxpayer term tion trade transfer treated treatment trust United wages withheld
Page 213 - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office.
Page 35 - ... unrelated trade or business' means, in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption under section 501...
Page 23 - person" as used in this section includes an officer or employee of a corporation or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.
Page 111 - ... months. Such amortization deduction shall be an amount, with respect to each month of such period within the taxable year, equal to the adjusted basis of the...
Page 64 - ... the amount actually distributed or made available to any distributee shall be taxable to him in the year in which so distributed or made available to the extent that it exceeds the amounts paid in by him.
Page 87 - Sulfur and uranium; and (B) If from deposits in the United States— anorthosite (to the extent that alumina and aluminum compounds are extracted therefrom), asbestos, bauxite, celestite, chromite, corundum, fluorspar, graphite, ilmenite, kyanite, mica, olivine, quartz crystals (radio grade), rutile, block steatite talc, and zircon, and ores of the following metals: antimony, beryllium, bismuth, cadmium, cobalt, columbium, lead, lithium, manganese, mercury, nickel, platinum and platinum group metals,...
Page xxi - employer" does not include any person unless on each of some twenty days during the taxable year, each day being in a different calendar week, the total number of individuals who were in his employ for some portion of the day (whether or not at the same moment of time) was eight or more. (b) The term "wages" means all remuneration for employment, including the cash value of all remuneration paid in any medium other than cash.
Page 211 - Unrelated, trade or business — (a) General rule. The term "unrelated trade or business" means, in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 335 - Is devoted directly to, and substantially all of the Income of which is expended directly for, the active conduct of the activities constituting the purpose or function for which It Is organized and operated...