Miscellaneous Tax Bills V: Hearings Before the Subcommittee on Taxation and Debt Management Generally of the Committee on Finance, United States Senate, Ninety-sixth Congress, Second Session ... February 29 and March 4, 1980U.S. Government Printing Office, 1980 - 502 pages |
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96TH CONGRESS acres adjusted basis Alabama allow amended amount annual apply audit Baldwin County benefit bill carryback carryforward carryover cash rental casualty loss Chairman condominium Congress corporation cost credit or refund damage Debt Management debt-financed displaced homemakers employee enactment estate tax excise tax fair market value farmers Federal tax filed GSOC GUTMAN HALPERIN homeowners association Hurricane Frederic income tax individual industry Internal Revenue Code Internal Revenue Service investment tax credit issue Knights of Columbus land legislation loss deduction ment million Mobile County operating loss orchard payment pecan growers pecan trees pension percent period present law private foundation production proposed purposes qualified real estate investments real property recapping or retreading regulations REIT residence rules Senator BYRD Senator Heflin sick pay special use valuation statement Subcommittee on Taxation taxable income Taxation and Debt taxpayer tion tire tread rubber Treasury Department unemployment United wagers
Popular passages
Page 126 - Except as otherwise provided in this section, amounts received by an employee through accident or health insurance for personal injuries or sickness shall be included in gross income to the extent such amounts (1) are attributable to contributions by the employer which were not includible in the gross income of the employee, or (2) are paid by the employer.
Page 144 - Fraternal beneficiary societies, orders, or associations, (a) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 128 - ... who willfully furnishes a false or fraudulent statement, or who willfully fails to furnish a statement in the manner, at the time, and showing the information required under section 6051 or 6053 (b).
Page 98 - Has not worked in the labor force for a substantial number of years but has, during those years, worked in the home providing unpaid services for family members...
Page 255 - ... property used in the trade or business and capital assets held for more than 6 months into other property or money, exceed the recognized losses from such sales. exchanges, and conversions, such gains and losses shall be considered as gains and losses from sales or exchanges of capital assets held for more than 6 months.
Page 470 - Under this provision, an organization exempt from tax under section 501 (a), other than an employee's trust described in section 401 (a), must file its income tax return on or before the 15th day of the fifth month following the close of the taxable year.
Page 144 - ... policy statement, contains a provision which provides for discrimination against any person on the basis of race, color, or religion. Exempt status is granted under section 501 (c) (8) to fraternal beneficiary societies, orders, or associations which operate under the lodge system or for the exclusive benefit of the members of a fraternity operating under the lodge system...
Page 130 - The deduction allowed by section 165 for the repayment to a trust described in paragraph (9) or (17) of section 501(c) of supplemental unemployment compensation benefits received from such trust if such repayment is required because of the receipt of trade readjustment allowances under section 231 or 232 of the Trade Act of 1974 (19 USC 2291 and 2292).
Page 126 - For example, no tax shall be withheld with respect to wage continuation payments made on behalf of an employer by an insurance company under an accident or health policy, by a separate trust under an accident or health plan, or by a State agency from a sickness and disability fund maintained under State law.
Page 142 - For example, if the taxpayer is on extended active duty with the Army from January 1...