Statistics of Income, Supplemental Report: Foreign tax credit claimed on corporation income tax returns

Front Cover
U.S. Treasury Department, Internal Revenue Service, 1961
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Common terms and phrases

Popular passages

Page 3 - In the case of an alien resident of the United States, the amount of any such taxes paid or accrued during the taxable year to any foreign country, if the foreign country of which such alien resident is a citizen or subject, in imposing such taxes, allows a similar credit to citizens of the United States residing in such country; and (4) PARTNERSHIPS AND ESTATES.
Page 68 - If this section had not been enacted; and (2) A partial tax computed on the income of the life Insurance department determined without regard to any items of gross income or deductions not properly allocable to such department, at the rates and In the manner provided In subchapter L (sec. 801 and following) with respect to life Insurance companies.
Page 62 - In a case where a receiver, trustee in bankruptcy, or assignee, by order of a court of competent jurisdiction, by operation of law or otherwise, has possession of or holds title to all or substantially all the property or business of a corporation, whether or not...
Page 58 - Under penalties of perjury. I declare that I have examIned this return. InClUdIng accompanying schedules and statements. and to the best of my knowledge and belief. it is true, correct, and complete.
Page 64 - The making of a consolidated return shall be upon the condition that all corporations which at any time during the taxable year have been members of the affiliated group consent to all the consolidated return regulations prescribed under section 1502 prior to the last day prescribed by law for the filing of such return.
Page 67 - In the case of mutual savings banks, cooperative banks, and domestic building and loan Associations, there shall be allowed as deductions in computing taxable income amounts paid to, or credited to the accounts of, depositors or holders of accounts as dividends on their deposits or withdrawable accounts, if such amounts paid or credited are withdrawable on demand subject only to customary notice of intention to withdraw.

Bibliographic information