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, 1990 |
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Common terms and phrases
1978 capital gain adjusted adjusted basis agreement amended return amount annuity apply assets attributable basis beginning after December calendar cluded computed consent contract decedent decedent's death December 31 deduction deposit described in section determined distribution earnings and profits effective elec election under section estate tax Example exchange fair market value filed fund futures contracts gift tax graph gross estate gross income incentive stock option income tax income tax return interest Internal Revenue Code Internal Revenue Service investment ISO treatment issue January June 23 lease lessee lessor limitation ment obligations ordinary income payable payment percent period person placed in service prior purchase purposes pursuant qualified real property received relating respect revocation revoke section 126 section 422A share shareholder spect Stat statement subparagraph taxable year beginning taxable year ending taxpayer term termination tion transfer treated trust United valuation date vessel
Popular passages
Page 301 - ... 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 distributing of statements), any political campaign on behalf of any candidate for public office.
Page 387 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including...
Page 169 - ... it has been established to the satisfaction of the Secretary or his delegate that such exchange is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 287 - ... 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 210 - The obligations of a State, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia...
Page 301 - Columbia, for exclusively public purposes, or to or for the use of any corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes...
Page 387 - The tax shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible...
Page 293 - October 21, 1942, is exercised by the decedent — (A) By will, or (B) By a disposition which is of such nature that if it were a transfer of property owned by the decedent, such property would be includible in the decedent's gross estate...
Page 255 - The value of the gross estate includes the value of all property to the extent of the interest therein of the decedent at the time of his death.
Page 255 - Every executor, administrator, or assignee, or other person, who pays, in whole or in part, any debt due by the person or estate for whom or for which he acts before he satisfies and pays the debts due to the United States from such person or estate, shall become answerable in his own person and estate to the extent of such payments for the debts so due to the United States, or for so much thereof as may remain due and unpaid.