Reports of the United States Tax Court, Volume 89United States Tax Court, 1988 |
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Common terms and phrases
9th Cir activities additions to tax affd allocation amended amount apply assets basis capital gain Carabbias cash Christmas card claimed Commissioner contributions corporation costs Cottle Datasaab decedent decedent's December 31 deductions depreciation disclaimer election estate tax exempt expenses facts fair market value farm Federal income tax filed forward contracts Four-Plexes Freedland funds futures contract gift tax GNMA gross income held included Income Tax Regs interest Internal Revenue Code Internal Revenue Service issue JAMES TRAFICANT Joseph Segel litigation loan loss method mortgage notice of deficiency operating opinion organization paid parties partnership payments percent petition petitioner petitioner's profit provides purchase purposes pursuant received regulations Rept respect respondent's Rule shareholders Stat statute statutory stipulated substantially supra Tax Court Tax Reform Act taxable income taxpayer tion Touraine trade or business transactions ULC Modesto United Universal Life Church Western
Popular passages
Page 606 - ... organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or...
Page 645 - ... at a rate less than the rate at which he pays wages to employees of the opposite sex in such establishment for equal work on jobs the performance of which requires equal skill, effort, and responsibility, and which are performed under similar working conditions...
Page 966 - No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation, and immediately after the exchange such person or persons are in control of the corporation...
Page 645 - Action to recover such liability may be maintained in any court of competent jurisdiction by any one or more employees for and in behalf of himself or themselves and other employees similarly situated.
Page 645 - Any employer who violates the provisions of section 6 or section 7 of this Act shall be liable to the employee or employees affected in the amount of their unpaid minimum wages, or their unpaid overtime compensation, as the case may be, and in an additional equal amount as liquidated damages.
Page 645 - ... pursuant to a bona fide seniority or merit system, or a system which measures earnings by quantity or quality of production or to employees who work In different locations, provided that such differences are not the result of an intention to discriminate because of race, color, religion, sex, or national origin...
Page 37 - Unrelated trade or business— (a) General rule. The term "unrelated trade or business" means. In the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for Income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 231 - ... not only as to the result to be accomplished by the work but also as to the details and means by which that result is accomplished. That is, an employee is subject to the will and control of the employer not only as to what shall be done but how it shall be done.
Page 890 - The signature of an attorney or party constitutes a certificate by him that he has read the pleading, motion, or other paper; that to the best of his knowledge, information, and belief formed after reasonable inquiry it is well grounded in fact and is warranted by existing law or a good faith argument for the extension, modification, or reversal of existing law...
Page 250 - A corporation, trust, or community chest, fund, or foundation — (A) created or organized in the United States or in any possession thereof, or under the law of the United States, any State, the District of Columbia, or any possession of the United States; (B) organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes or for the prevention of cruelty to children or animals; (C) no part of the net earnings of which inures to the benefit of any private...