Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1971 |
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Common terms and phrases
accumulated earnings adequate security adjusted adjusted basis affiliated group allocated amended by T.D. amount applicable basis beginning after December business lease business taxable income charitable considered contributions corporation debentures debtedness December 31 defined in section described in section determined distribution dividends paid duction earnings and profits earnings tax employees excess profits taxes exempt from tax exempt organization exempt purposes family and partnership filed foreign personal holding graph gross income holding company income holding company tax income tax Internal Revenue Code irrevocably set issuer lien loan ment ness obligation organization described paragraph patrons payment personal holding company poration prohibited transaction provided in section purchase qualified indebtedness real property reason relating rents respect section 503 shareholders sonal holding company Statutory provisions subparagraph tax imposed taxable years beginning taxpayer term tion trade or business trust described undistributed personal holding unrelated business taxable unrelated trade
Popular passages
Page 75 - ... Commodities), Department of Agriculture XII Statistical Reporting Service (Agricultural Statistics), Department of Agriculture XIV Commodity Credit Corporation, Department of Agriculture XV Foreign Agricultural Service, Department of Agriculture XVI Consumer and Marketing Service (Food Stamp Program), Department of Agriculture XVII...
Page 21 - 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 43 - Common Trust Fund shall be computed in the same manner and on the same basis as in the case of an individual...
Page 1 - ... 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 5 - Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 percent per annum, whichever is greater, on the value of the consideration for which the stock was issued...
Page 12 - ... through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 34 - ... personal holding company income ; and (2) STOCK OWNERSHIP REQUIREMENT. — At any time during the last half of the taxable year more than 50 per centum in value of its outstanding stock is owned, directly or indirectly, by or for not more than five individuals. (b) EXCEPTIONS. — The term "personal holding company" does not include — (1) A corporation exempt from taxation under section 101.
Page vii - Neither shall a plan be considered discriminatory within the meaning of such provisions merely because the contributions or benefits of or on behalf of the employees under the plan bear a uniform relationship to the total compensation, or the basic or regular rate of compensation, of such employees, or merely because the contributions or benefits based on that part of an employee's remuneration which is excluded from "wages...
Page v - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 78 - Management and Budget, Office of Manpower Administration Maritime Administration Maritime Administrator, Office of National Shipping Authority Mine Operations Appeals, Board of Mines, Bureau of Monetary Offices, Treasury Department Narcotics and Dangerous Drugs, Bureau of National Aeronautics and Space Administration Federal Procurement Regulations System...