Issued by a government or political subdivision thereof), but does not Include any such obligation which constitutes stock In trade of the taxpayer or any such obligation of a kind which would properly be Included In the Inventory of the taxpayer if on... Statistics of Income for ... - Page 3761954Full view - About this book
| United States - 1953 - 1744 pages
...TITLE 26.— INTERNAL REVENUE CODE § 126 Issued by a government or political subdivision thereoi), taxable year that proportion of the installment payments...Sales of realty and casual sales of personality.1 to customers in the ordinary course of his trade or business. (e) Dealers in tax-exempt securities.... | |
| United States - 1988 - 1290 pages
...the term "bond" means any bond, debenture, note, or certificate or other evidence of indebtedness, but does not include any such obligation which constitutes...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (e) Treatment as interest Except as provided... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 pages
...corporation and bearing interest (including any liko obligation issued by a government or political subdivision thereof), with interest coupons or in...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. SEC. 126. INCOME IN RESPECT OF DECEDENTS.... | |
| United States, Walter Elbert Barton - 1944 - 1286 pages
...corporation and bearing interest (including any like obligation issued by a government or political subdivision thereof), with interest coupons or in...year, or any such obligation held by the taxpayer primaruy for sale to customers in the ordinary course of his trade or business. Sec. 125, IRC, supra,... | |
| United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 pages
...corporation and bearing interest (including any like obligation issued by a government or political subdivision thereof), with interest coupons or in...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. SEC. 126. INCOME IN RESPECT OF DECEDENTS.... | |
| United States. Internal Revenue Service - 1945 - 2272 pages
...corporation and bearing interest (including any like obligation issued by a government or political subdivision thereof), with interest coupons or in...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. Section 125 provides that amortization... | |
| United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 pages
...corporation and bearing interest (including any like obligation issued by a government or political subdivision thereof), with interest coupons or in...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. SEC. 126. INCOME IN RESPECT OF DECEDENTS.... | |
| 1949 - 776 pages
...corporation and bearing interest (including any like obligation issued by a government or political subdivision thereof) , with interest coupons or in...obligation held by the taxpayer primarily for sale to customers In the ordinary course of his trade or business. Since bonds owned by dealers In securities... | |
| 1968 - 1618 pages
...bearing interest (Including any like obligation Issued by a government or political subdivision thereof), but does not Include any such obligation which constitutes...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (e) Dealers in tax-exempt securities.... | |
| 1970 - 750 pages
...bearing interest (including any like obligation issued by a government or political subdivision thereof), but does not include any such obligation which constitutes...obligation held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business. (e) Dealers in tax-exempt securities.... | |
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