Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 1994 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
Other editions - View all
Common terms and phrases
951 with respect 988 transaction allocated apply attributable base company income base company shipping class of stock cluded combined taxable income company shipping operations computed contract controlled foreign cor controlled foreign corporation December 31 deduction determined dividend dollar domestic corporation earnings and profits eign corporation election exchange gain excluded export property foreign base company foreign country foreign income tax foreign personal holding foreign tax credit FSC's functional currency gain or loss graph Guam income under section lease less developed countries ment payment percent period poration possession product possessions corporation purposes of section qualified investments rata share received related person related supplier rules section 951 small FSC spect spot rate subdivision subparagraph subpart F income taxable years beginning taxes paid tion trade income trade or business transaction transfer price treated trolled foreign corporation U.S. dollar United States dollars United States shareholder X Taxes
Popular passages
Page 115 - It is the policy of the United States to use export controls (A) to the extent necessary to protect the domestic economy from the excessive drain of scarce materials and to reduce the serious inflationary impact of abnormal foreign demand...
Page 321 - In other property, (1) out of Its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 472 - Suspension of statute of limitations and stay of collection — (1) Suspension of running of statute. If the corporation files a claim, as provided in subsection (e), the running of the statute of limitations provided in section 6501 on the making of assessments, and the bringing of distraint or a proceeding in court for collection, in respect of the deficiency and all interest, additional amounts, or assessable penalties, shall be suspended for a period of 2 years after the date of the determination.
Page 191 - ... which the par value of the shares of stock of the corporation owned on the last day of the taxable year by...
Page 626 - States, there shall be deducted (for the purpose of computing the net income therefrom) the expenses, losses, and other deductions properly apportioned or allocated thereto and a ratable part of other expenses, losses, or other deductions which cannot definitely be allocated to some item or class of gross income.
Page 624 - An election by a corporation to be treated as a DISC may be revoked by the corporation for any taxable year of the corporation after the first taxable year for which the election is effective.
Page 191 - For the purposes of this section shares of stock of a corporation shall be considered to be owned by the person in whom the equitable right to the income from such shares is in good faith vested. (d) Definition of China. As used in this section the term "China" shall have the same meaning as when used in the China Trade Act, 1922.
Page 129 - Rico during the entire taxable year, income derived from sources within Puerto Rico (except amounts received for services performed as an employee of the United States...
Page 9 - Definition of export property. 1.993-4 Definition of producer's loans. 1.993-5 Definition of related foreign export corporation. 1.993-6 Definition of gross receipts. 1.993-7 Definition of United States.
Page 445 - ... undistributed foreign personal holding company income or under section 951 as undistributed amounts of a controlled foreign corporation shall not count toward a minimum distribution under section 963. An amount received by a United States shareholder as a distribution which under section 302 or section 331 is treated as a distribution in part or full payment in exchange for stock...