Internal Revenue Bulletin: Cumulative bulletinU.S. Government Printing Office, 1967 A consolidation of all items of a permanent nature published in the weekly Internal revenue bulletin, ISSN 0020-5761, as well as a cumulative list of announcements relating to decisions of the Tax Court. |
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amount annuity apply assets Bankruptcy Act base period basis capital gain carryback carryover charitable contributions Commissioner computed consolidated return contract court creditors December 31 deduction depreciation described in section determined distribution dividends employee estate tax et ux example excess exempt exercise fair market value filed foreign corporation gross income group-term life insurance individual interest Internal Revenue Code Internal Revenue Service liability limitation nonresident alien operating loss option granted option price ordinary income organization paid paragraph payment percent person prior priority purchase purposes of section pursuant qualified stock option read as follows real property received relating respect Revenue Ruling section 422 section 501 section 67c separate return share Stat statutory liens subchapter subdivision subparagraph subsection tax imposed tax lien taxable income taxable years beginning taxpayer term tion trade or business transfer treated trust United Kingdom
Popular passages
Page 272 - ... 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 472 - (1) Under State or Territorial laws. "In the office designated by the law of the State or Territory In which the property subject to the lien is situated, whenever the State or Territory has by law designated an office within the State or Territory for the filing of such notice : or "(2) With clerk of district court.
Page 595 - Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954.
Page 480 - ... formed or fraudulently availed of for the purpose of preventing the imposition of such tax through the medium of permitting such gains and profits to accumulate instead of being divided or distributed...
Page 171 - The amount of any item of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under the method of accounting used in computing taxable income, such amount is to be properly accounted for as of a different period.
Page 434 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 50 - There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.
Page 263 - ... corporation, in that proportion which the value of the stock which such person so owns bears to the value of all the stock in such corporation.
Page 64 - ... derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption under section 501...
Page 199 - ... profit. It is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed to the improvement of business conditions of one or more lines of business as distinguished from the performance of particular services for individual persons.