| United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...brothers and sisters (whether by the whole or half blood), spouse, ancestors, and lineal descendants. (2) The term " undistributed adjusted net income " means the adjusted net income minus the sum of: (A) 20 per centum of the excess of the adjusted net income over the amount of dividends received from... | |
| United States. Congress. Senate. Committee on Finance - 1935 - 422 pages
...operating company must stay sound or collapse entirely. 2. Even the provision permitting the deduction of amounts "used or set aside" to retire indebtedness incurred prior to January 1, 1934, is almost nugatory in its application to personal finance companies. Most of these companies are compelled... | |
| United States U.S. Congress. Senate. Committee on finance - 1935 - 420 pages
...undistributed adjusted net income 20 percent of the adjusted net income may be deducted together with amounts used or set aside to retire indebtedness incurred prior to January 1, 1934, and also dividends paid during the year. Briefly, a personal holding company is defined as any corporation... | |
| United States. Internal Revenue Service - 1936 - 604 pages
...brothers and sisters (whether by the whole or half blood), spouse, ancestors, and lineal descendants. (2) The term "undistributed adjusted net income" means the adjusted net income minus the sum of : (451) (A) 20 per centum of the excess of the adjusted net income over the amount of dividends received... | |
| United States, United States. Congress. House. Committee on Ways and Means - 1936 - 308 pages
...and sisters (whether by the whole or half blood) , spouse, ancestors, arid lineal descendants. (2) The term "undistributed adjusted net income" means the adjusted net income minus the sum of: (A) 20 per centum of the excess of the adjusted net income over the amount of dividends received from... | |
| United States. Congress. Joint Committee on Tax Evasion and Avoidance - 1937 - 520 pages
...brothers and sisters (whether by the whole or half blood), spouse, ancestors, and lineal descendants. (2) The term "undistributed adjusted net income" means the adjusted net income minus the sum of — (A) 20 per centum of the excess of the adjusted net income over the amount of dividends received... | |
| United States. Congress. House. Committee on Ways and Means - 1937 - 138 pages
...since no sound reason appears for its continuance. 5. Section 351 (b) (2) (B) allows a deduction for amounts used or set aside to retire indebtedness incurred prior to January 1, 1934. No similar relief is granted to individuals who do not incorporate their investments. It is recommended... | |
| United States. Congress. House. Committee on Ways and Means - 1937 - 144 pages
...since no sound reason appears for its continuance. 5. Section 351 (b) (2) (B) allows a deduction for amounts used or set aside to retire indebtedness incurred prior to January 1, 1934. No similar relief is granted to individuals who do not incorporatetheir investments. It is recommended... | |
| 1939 - 1030 pages
...carry-over) and (b) amounts used or irrevocably set aside to pay or to retire indebtedness of any kind incurred prior to January 1, 1934, if such amounts are reasonable with reference to the size and the terms of such indebtedness (see § 3.355-2). *t [As added by TD 4791, Jan. 14, 1938, 3 FR 113]... | |
| 1940 - 1806 pages
...corporations), (b) amounts used or irrevocably set aside to pay or to retire indebtedness of any kind Act. Such books or records shall be kept at all times available for inspection by internal-reven the terms of such Indebtedness (see § 9.405-2) and (c) dividends paid after the close of the taxable... | |
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