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, 1977 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Common terms and phrases
acquired additional depreciation adjusted basis adjusted gross income amount of gain amount realized applicable percentage application of section apply base period income capital asset capital loss carryover carryback computed controlled foreign corporation December 31 determined disposition earnings and profits election exceeds excess deductions account fair market value farm recapture property filing foreign corporation gain or loss gain realized gain recognized graph gross income held holding period income tax income under section Internal Revenue Code January joint return justment long-term capital gain long-term capital loss ment operating loss ordinary income original issue discount paragraph payment percent portion prior taxable purposes of section pursuant recognized under section relating respect sale or exchange section 1250 property shareholder short sale short-term capital gain short-term capital loss small business spect Statutory provisions subdivision subpara subparagraph subsection taken into account taxable income taxable years beginning taxpayer tion trade or business transaction transfer treated
Popular passages
Page 297 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 17 - Stock In trade of the taxpayer or other property of a kind which would properly be Included in the Inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 279 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 329 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 285 - The performance of service by an individual as an employee or employee representative as defined in section 3231; (4) The performance of service by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry...
Page 17 - Accounts or notes receivable acquired in the ordinary course of trade or business for services rendered...
Page 17 - ... property used in the trade or business and capital assets held for more than 6 months into other property or money, exceed the recognized losses from such sales, exchanges, and conversions, such gains an'd losses shall be considered as gains and losses from sales or exchanges of capital assets held for more than 6 months.
Page 274 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 331 - ... prior to the last day prescribed by law for the filing of such return. The making of a consolidated return shall be considered as such consent. In the case of a corporation which is a member of the affiliated group...
Page 289 - However. for taxable years ending after 1954 and before 1968. any individual who is a duly ordained, commissioned, or licensed minister of a church or a member of a religious order (other than a member of a religious order who has taken a vow of poverty as a member of such order) may elect, as provided in { 1.1402(e)(l)-l.