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, 1970 |
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Common terms and phrases
accumulation distribution adjusted basis allocable annuity apply attorney-in-fact attributable beneficiary capital assets capital gains capital loss carryback carryover company taxable income contracts corpus credited decedent December 31 defined in section depreciation described in section distributable net income distributive share dividends to policyholders duction estate or trust estate tax estates and trusts exceeds excess expenses foreign trust created gain or loss grantor graph gross income imposed by section included insurance company taxable insurance reserves Internal Revenue Code investment yield loss deduction loss from operations ment mutual insurance mutual insurance company nership operations loss ordinary income paid paragraph partner partnership property payment percent portion preceding taxable premiums provided in section provisions of section reinsured sale or exchange section 642 section 666 section 809 Statutory provisions subchapter subparagraph subpart taken into account tax imposed taxable investment income taxable years beginning term tion treated tributed trust instrument U.S. person undistributed unused loss
Popular passages
Page 225 - ... (2) General rule. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of 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 327 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness Incurred or continued to purchase or carry obligations (other than obligations of the United States Issued after September 24, 1917, and originally subscribed for by the taxpayer) the Interest upon which is wholly exempt from the taxes Imposed by this title.
Page 6 - ... is during the taxable year paid or permanently set aside for the purposes and in the manner specified in section 23 (o), or is to be used exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals, or for the establishment, acquisition, maintenance or operation of a public cemetery not operated for profit...
Page 214 - ... life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan, continuing for life and not subject to cancellation...
Page 107 - Income In respect of a decedent which are not properly includible in respect of the taxable period in which falls the date of his death or a prior period shall be included in the gross income, for the taxable year when received, of: (A) the estate of the decedent, if the right to receive the amount is acquired by the decedent's estate from the decedent; (B) the person who, by reason of the death of the decedent, acquires the right to receive the amount, if the right to receive the amount is not acquired...
Page 186 - 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; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 386 - Engineers, Corps of Engraving and Printing, Bureau of Environmental Science Services Administration Equal Employment Opportunity Equal Employment Opportunity Commission Executive Office of the President Export-Import Bank of the United States Farm Credit Administration Farmers Home Administration Federal Aviation Administration Federal Procurement Regulations System Federal Claims Collection Standards Federal Coal Mine Safety Board of Review...
Page 375 - Title 5 — Administrative Personnel I Civil Service Commission III Bureau of the Budget IV Civil Service Commission (Equal Employment Opportunity) V International Organizations Employees Loyalty Board VI Department of Defense VII Advisory Commission on Intergovernmental Relations VIII National Capital Transportation Agency IX Appalachian Regional Commission X National Capital Housing Authority XI United States Soldiers' Home XII District of Columbia Redevelopment Land Agency Title 6— [Reserved]...
Page 100 - ... such creator or person through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 383 - Title 46— Shipping I Coast Guard, Department of Transportation II Maritime Administration, Department of Commerce III Coast Guard (Great Lakes Pilotage), Department of Transportation IV Federal Maritime Commission Title 47 — Telecommunication I Federal Communications Commission II...