Reports of the Tax Court of the United States, Volume 13U.S. Government Printing Office, 1950 Final issue of each volume includes table of cases reported in the volume. |
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Common terms and phrases
A. G. Wilson agreement Alaska Junk amount assets basis bonds cash cent claimed coal collector of internal COMMISSIONER OF INTERNAL commissions computing contends contract contributions corporation cost Court decedent December 31 deduction deficiency Delchamps depreciation Depue determined disallowed Docket Dubosclard Edna employees entitled excess profits tax expenses filed FINDINGS OF FACT follows Frederick fund gross income held Helvering income tax return interest Internal Revenue Code issue January Jennie Wolf June 30 leases liability loan loss Maxton net income nonresident alien Oklahoma Standard Old Gage operation paid parties partners partnership payments period peti petitioner petitioner's prior provisions purchase received reported resident respondent Rule 50 salaries Schnitzer section 23 September September 20 shares statute stockholders supra Switlik tax purposes tax return taxable taxpayer tion tioner Tomorrow's Masterpieces trade or business transactions transfer trust United wife York
Popular passages
Page 276 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 343 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 485 - 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 111 - ... intended to take effect in possession or enjoyment at or after his death, or of which he has at any time made a transfer, by trust or otherwise, under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 499 - No assessment of a deficiency in respect of the tax imposed by this title and no distraint or proceeding in court for its collection shall be made, begun, or prosecuted until such notice has been mailed to the taxpayer, nor until the expiration of such ninety-day period, nor, if a petition has been filed with the Board, until the decision of the Board has become final.
Page 72 - Within ninety days after such notice is mailed (not counting Sunday or a legal holiday in the District of Columbia as the ninetieth day...
Page 523 - ... of such a nature that an extended stay may be necessary for its accomplishment, and to that end the alien makes his home temporarily in the United States, he becomes a resident, though it may be his intention at all times to return to his domicile abroad when the purpose for which he came has been consummated or abandoned.
Page 111 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death— (1) the possession or enjoyment of, or the right to the income from, the property...
Page 83 - Secretary or his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses. if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Page 146 - To constitute receipt in such a case the Income mast be credited or set apart to the taxpayer without any substantial limitation or restriction as to the time or manner of payment or condition upon which payment Is to be made, and must be made available to him so that It may be drawn at any time, and Its receipt brought within ins own control and disposition.