Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and Index

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Division of the Federal Register, the National Archives, 1972
 

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Page 156 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 162 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 9 - ... prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 297 - I National Park Service, Department of the Interior II Forest Service, Department of Agriculture . III Corps of Engineers, Department of the Army IV American Battle Monuments Commission V Smithsonian Institution Title 37 Patents, Trade-Marks, and Copyrights I Patent Office, Department of Commerce II Copyright Office, Library of Congress Title 38 Pensions, Bonuses, and Veterans' Relief I Veterans Administration Title 39 Postal Service I Post Office Department Title 40 [Reserved!
Page 1 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 306 - Public Roads, Bureau of Secretary, Office of Urban Mass Transportation Transportation and Communications Service Transportation Safety Board, National Travel Service, United States Treasury Department Comptroller of the Currency, Bureau of Customs Bureau Engraving and Printing, Bureau of Federal Procurement Regulations System Fiscal Service Foreign Assets Control, Office of Internal Revenue Service Monetary Offices Secret Service Secretary of the Treasury, Office of...
Page 291 - Budget IV Civil Service Commission (Equal Employment Opportunity) V International Organizations Employees Loyalty Board VI Department of Defense VII Advisory Commission on Intergovernmental Relations VIII National Capital Transportation Agency IX Appalachian Regional Commission X National Capital Housing Authority XI United States Soldiers' Home XII District of Columbia Redevelopment Land Agency Title 6 [Reserved] Chap.
Page 151 - If no method of accounting has been regularly used by the taxpayer, or if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income.
Page 17 - ... in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.

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