The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1979 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
adjusted basis adjusted gross income amounts received apply asset attributable Beginning After December beneficiary bonds capital gains carryback carryover ceived cluded Code computed contributions cost credit allowed credit earned December 31 deduction depreciation described in section determined dividends electing small business estate or trust Example excess excluded from gross exempt facility fair market value filing graph included in gross income tax individual interest Internal Revenue Code issue items of tax lease lessee lessor ment operating loss paid paragraph partnership payments percent period person placed in service portion purchase qualified investment regulations thereunder relating respect retirement income section 38 property shareholder spect spouse standard deduction Statutory provisions subdivision subparagraph taken into account tax imposed tax preference taxable income taxable year ending taxable years beginning taxpayer termination of employment trade or business transfer TRASOP treated United unused credit wages WIN expenses
Popular passages
Page 536 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC.
Page 366 - 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 19 - Maintains a household which constitutes for such taxable year the principal place of abode of the father or mother of the taxpayer, if the taxpayer is entitled to a deduction for the taxable year for such father or mother under section 151.
Page 583 - Amounts received as a pension, annuity or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country...
Page 396 - If, by the terms of the decree, instrument, or agreement, the principal sum referred to in paragraph (1) is to be paid or may be paid over a period ending more than 10 years from the date of such decree, instrument, or agreement, then (notwithstanding...
Page 525 - If such transfer is to the insured, to a partner of the Insured, to a partnership in which the Insured is a partner, or to a corporation in which the Insured Is a shareholder or officer.
Page 20 - An individual who is legally separated from his spouse under a decree of divorce or of separate maintenance shall not be considered as married...
Page 369 - In a manufacturing, merchandising, or mining business, "gross income" means the total sales, less the cost of goods sold, plus any income from investments and from incidental or outside operations or sources.
Page 107 - ... (B) who is a child of the taxpayer and who (i) has not attained the age of 19 at the close of the calendar year in which the taxable year of the taxpayer begins, or (ii) is a student.
Page 204 - Any property is disposed of, or otherwise ceases to be section 38 property with respect to the taxpayer...