Cumulative Digest of United States Practice in International Law, Volume 2Office of the Legal Adviser, Department of State, 1946 |
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allowed amount Appeals applied assets base basis capital carriers cash CCH Dec cent claim Code Commissioner computation consideration considered corporation cost death decision deduction determined distribution dividend earnings effect excess exchange expenses fact federal filed fuel gain gasoline tax report gift grantor gross held holding important included income tax increase interest Internal Internal Revenue Code investment involved issue July June less liability limited loss March means ment method mortgage Motor operating paid partnership payment due period present prior problem production profits purchase question reason received regulations report and payment reports due result Revenue rule Section share statute Tax Court tax due tax report taxable taxation taxpayer tion transfer trust United USTC York
Popular passages
Page 74 - Section, Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. Transaction category, or sector 1973 1974 1975 1976 1977 1978 19 76 19 77 19 7В 1 Total funds advanced in credit markets to HI H2 HI H2 HI...
Page 115 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and...
Page 268 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Page 383 - Congress with reference to the regulation of the business of insurance, passed March 9, 1945.1 "Section 1. That the Congress hereby declares that the continued regulation and taxation by the several States of the business of insurance is in the public interest, and that silence on the part of the Congress shall not be construed to impose any barrier to the regulation or taxation of such business by the several States.
Page 561 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o) ) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust, is during the taxable year paid or permanently set aside...
Page 59 - The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received.
Page 374 - 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 578 - Department of the Wharton School of Finance and Commerce of the University of Pennsylvania.
Page 360 - ... of the wife, owned by her before marriage, and that acquired afterwards by gift, bequest, devise, or descent, with the rents, Issues, and profits thereof, Is her separate property.
Page 268 - Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed In partial liquidation of a corporation shall be treated as in part or full payment in exchange for the stock. The gain or loss to the distributee resulting from such exchange shall be determined under section 111, but shall be recognized only to the extent provided in section 112.