The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1956 The Code of federal regulations is the codification of the general and permanent rules published in the Federal register by the executive departments and agencies of the federal government. |
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Common terms and phrases
68A Stat accordance adjusted basis affiliated group alco Alcohol and Tobacco amount application approved assistant regional commis assistant regional commissioner authorized basic permit bonded warehouse cohol computed consignee consolidated return containers copy of Form deduction denaturing plant determined distilled spirits distribution district director dividend domestic corporation earnings and profits election ethyl alcohol exchange export fair market value filed firearm fusel oil gain or loss gional commissioner gross income industrial alcohol plant Internal Revenue Code liquidation liquor bottles located locks manufacturing ment operations packages paragraph payment percent period permittee person pipeline plant or bonded poration premises prescribed proprietor purpose pursuant quantity receipt receiving tanks records regulations respect serial number shareholder shipment specially denatured alcohol Statutory provisions stock or securities storage tanks subparagraph Subpart tank cars tank trucks taxable income taxpayer thereof tion Tobacco Tax Division transaction transfer wine gallons withdrawal permit
Popular passages
Page 113 - If an exchange would be within the provisions of subsection (b) (1), (2), (3), or (5) of this section if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Page 377 - If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, penalty, additional amount, or addition to such tax, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belonging to such person.
Page 101 - No gain or loss shall be recognized If property is transferred to a corporation by one or more persons solely In exchange for stock or securities in such corporation, and Immediately after the exchange such person or persons are in control of the corporation...
Page 247 - partnership" Includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture Is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; and the term "partner" includes a member In such a syndicate, group, pool, joint venture, or organization.
Page 121 - No gain or loss shall be recognized If a corporation a party to a reorganization exchanges property, in pursuance of the plan of reorganization, solely for stock or securities in another corporation a party to the reorganization.
Page 156 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 128 - ... shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property to received, which is not so distributed.
Page 66 - ... (b) Source of distributions. For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and from the most recently accumulated earnings or profits.
Page 48 - A distribution made by a corporation to its shareholders in its stock or in rights to acquire its stock shall not be treated as a dividend to the extent that it does not constitute income to the shareholder within the meaning of the Sixteenth Amendment to the Constitution.
Page 128 - If the corporation receiving such other property or money distributes it In pursuance of the plan of reorganization, no gain to the corporation shall...