Reports of the Tax Court of the United States, Volume 15U.S. Government Printing Office, 1951 Final issue of each volume includes table of cases reported in the volume. |
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Common terms and phrases
adjusted agreed agreement amount annuity assets Athertonville bank basis beneficiary capital gain cent claimed collector of internal COMMISSIONER OF INTERNAL Company computing contends contract corporation cost Court death decedent decedent's December 31 deduction deficiency determined distribution dividends divorce Docket earnings employees entitled estate tax excess profits tax expenses filed FINDINGS OF FACT fiscal year ended follows gift gift tax gross estate gross income Hannaman held included income tax income tax return interest Internal Revenue Code issue January July June lease loss ment Meyer Morris Cohen mortgage net income November operation ordinary income paid parties partner partnership payable payments peti petitioner petitioner's prior proceeding purchase purpose question received respondent respondent's San Leandro Savoy Hotel section 117 section 23 sell shares statute stipulated stockholders supra taxable taxpayer thereof tion tioner trade or business transfer trust trust instrument United Viesko wife
Popular passages
Page 229 - States, who establishes to the satisfaction of the Commissioner that he is a bona fide resident of a foreign country or countries during the entire taxable year...
Page 710 - The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid in the same manner and subject to the same provisions and limitations...
Page 25 - In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27% per centum of the gross income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or incurred by the taxpayer in respect of the property.
Page 573 - If an exchange would be within the provisions of paragraph (3) of sub-division (b) if it were not for the fact that the property received in exchange consists not only of stock or securities permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Page 209 - ... the net income of the estate or trust the amount of the income of the estate or trust for its taxable year which is properly paid or credited during such year to any legatee, heir or beneficiary...
Page 966 - Includes not merely the extraction of the ores or minerals from the ground but also the ordinary treatment processes normally applied by mine owners or operators In order to obtain the commercially marketable mineral product or products...
Page 493 - ... for the amount of distributions previously made which, under the law applicable to the year in which the distribution was made, either were tax-free or were applicable in reduction of basis...
Page 371 - Is divorced or legally separated from her husband under a decree of divorce or of separate maintenance, periodic payments (whether or not made at regular intervals) received subsequent to such decree in discharge of, or attributable to property transferred (In trust or otherwise) in discharge of a legal obligation which, because of the marital or family relationship, is Imposed...
Page 792 - It is the will of Congress which controls, and the expression of its will in legislation, in the absence of language evidencing a different purpose, is to be interpreted so as to give a uniform application to a nationwide scheme of taxation.
Page 715 - Every executor, administrator, or assignee, or other person, who pays, in whole or in part, any debt due by the person or estate from whom or for which he acts...