Your Federal Income Tax for IndividualsTreasury Department, Bureau of Internal Revenue, 1973 |
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Common terms and phrases
acquired adjusted basis adjusted gross income allowed amount on line annuity apply benefits bonds capital loss cash casualty loss casualty or theft Chapter claim cluded computed contributions corporation cost depreciation determining dividends earned income elect employer Enter estimated tax Example exceed excess exclude exemption fair market value Family size persons file a joint Form W-2 gain or loss gains and losses gift household income tax incurred installment interest Internal Revenue Service itemize deductions joint return less long-term capital gain meals and lodging medical expenses ment method months mortgage old residence ordinary income paid payments penses perty portion property held purchase qualify real property realized received reimbursement rent rental reported repossession sale or exchange sales price Schedule A Form separate return Series E Bonds share sick pay sidence sold spouse standard deduction Tax Tables taxable income taxpayer tion trade or business wife withheld
Popular passages
Page 110 - 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 85 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body...
Page 64 - An interest as a proprietor in a trade or business carried on as a proprietorship.
Page 92 - The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Page 78 - ... employment or other trade or business. The minimum education necessary to qualify for a position or other trade or business must be determined from a consideration of such factors as the requirements of the employer, the applicable law and regulations, and the standards of the profession, trade, or business involved.
Page 79 - Whether a particular trip is primarily personal or primarily to obtain education the expenses of which are deductible under this section depends upon all the facts and circumstances of each case. An important factor to be taken...
Page 29 - Corporations, and any community chest, fund, or foundation, 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...
Page 111 - Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust shall be considered as being owned proportionately by or for its shareholders, partners, or beneficiaries...
Page 110 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.
Page 15 - For purposes of this subsection, an individual is blind only if his central visual acuity does not exceed 20/200 in the better eye with correcting lenses, or if his visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.