Reports of the United States Tax Court, Volume 62United States Tax Court, 1974 Kept up to date by a monthly publication called: United States. Tax Court. Reports. |
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Common terms and phrases
accrual adjusted basis agreement allocated allowed amended amount applicable assets AT&T Bank benefit capital gain certiorari claim collateral estoppel COMMISSIONER OF INTERNAL community property computing contract corporation decedent decedent's December December 31 decision deduction depreciation distribution dividends earnings employees entitled estate tax expenses fair market value Federal income tax filed gross estate gross income held Hillsborough County husband included Income Tax Regs income tax returns Internal Revenue Code Internal Revenue Service issue liability loan loss Lynn Crosby ment mortgage notice of deficiency operating ordinary income paid parties partnership payment percent period peti petition petitioner petitioner's premiums prepaid interest prior purchase purposes pursuant qualify Ray Bryant received respect Respondent determined RESPONDENT Docket respondent's Rule shareholders shares spouse stipulated supra Tax Court tax return taxable income taxpayer tion tioner trade or business transaction transfer trust United wife
Popular passages
Page 228 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include 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 802 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including amounts paid for accident or health insurance) , or (B) For transportation primarily for and essential to medical care referred to in subparagraph (A).
Page 377 - ... such decree in discharge of, or attributable to property transferred (in trust or otherwise) in discharge of, a legal obligation which, because of the marital or family relationship, is imposed upon or incurred by such husband under such decree or under a written instrument incident to such divorce or separation...
Page 859 - ... for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 236 - The proceedings of the Board and its divisions shall be conducted in accordance with such rules of practice and procedure (other than rules of evidence) as the Board may prescribe and in accordance with the rules of evidence applicable in courts of equity of the District of Columbia.
Page 486 - Income derived from any public utility or the exercise of any essential governmental function and accruing to any State, Territory, or the District of Columbia, or any political subdivision of a State or Territory, or income accruing to the government of any possession of the United States, or any political subdivision thereof.
Page 535 - An elementary and fundamental requirement of due process in any proceeding which is to be accorded finality is notice reasonably calculated, under all the circumstances, to apprise interested parties of the pendency of the action and afford them an opportunity to present their objections.
Page 468 - The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued" or "paid or incurred", dependent upon the method of accounting upon the basis of which the net income is computed, unless in order to clearly reflect the income the deductions or credits should be taken as of a different period.
Page 145 - ... (2) if under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees...
Page 478 - For purposes of the tax Imposed by section 2001, the value of the taxable estate shall be determined by deducting from the value of the gross estate...