Reports of the United States Tax Court, Volume 66United States Tax Court, 1976 Kept up to date by a monthly publication called: United States. Tax Court. Reports. |
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5th Cir addition to tax affd agreement amended amount applicable assets Austin Hoyt bad debt benefit Ceramica claimed contract corporation cost Dallas Ceramic decedent decedent's December December 29 December 31 decision deduction depreciation distribution employee estate tax expenses fact Federal income tax filed gross income held hereinafter home leave Income Tax Regs income tax return incurred interest Internal Revenue Code Internal Revenue Service investment issue June 30 lease liability limited partners limited partnership loan loss marital marital deduction notice of deficiency November 30 operating opinion ordinary income paid parties payments percent petition petitioner petitioner's premiums prior purchase purposes pursuant received regulations reserve respect Respondent determined RESPONDENT Docket respondent's rule Schleppy shareholders shares statute statutory stipulated supra Suttenberg Tascosa Tax Court taxable income taxpayer tile trade or business transfer trust tunnel U.S. dollars United wife
Popular passages
Page 171 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; 1 The statute reads "3763". V/L OF THE INTERNAL REVENUE CODE § 3797 (a) (17) and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 35 - Rule 26(b) set forth in the request that relate to statements or opinions of fact or of the application of law to fact, including the genuineness of any documents described in the request. Copies of...
Page 253 - ... where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend, or revoke, or where the decedent relinquished any such power in contemplation of his death.
Page 839 - SEC. 71. ALIMONY AND SEPARATE MAINTENANCE PAYMENTS, (a) GENERAL RULE.(1) DECREE OF DIVORCE OR SEPARATE MAINTENANCE— If a wife is divorced or legally separated from her husband under a decree of divorce or of separate maintenance...
Page 116 - An assignment, grant or conveyance shall be void as against any subsequent purchaser or mortgagee for a valuable consideration, without notice, unless it is recorded in the Patent Office within three months from the date thereof or prior to such subsequent purchase or mortgage.
Page 233 - Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items: (1) Compensation for services, including fees, commissions, and similar items; (2) Gross income derived from business; (3) Gains derived from dealings in property...
Page 30 - Taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under this Part. "Taxable year...
Page 259 - ... for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 690 - ... if the goods are to be manufactured by the seller especially for the buyer and are not suitable for sale to others in the ordinary course of the seller's business, the provisions of this section shall not apply.
Page 486 - In investing, reinvesting, purchasing, acquiring, exchanging, selling and managing property for the benefit of another, a trustee shall exercise the judgment and care, under the circumstances then prevailing, which men of prudence, discretion and intelligence exercise in the management of their own affairs...