The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1985 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
accumulated earnings acquiring corporation acquisition adjusted basis amount assets bution calendar capital loss cash class of stock Code common stock complete liquidation considered Corporation's taxable date of distribution December 31 described in section determined distri distribution or transfer distributor or trans distributor or transferor dividend carryover earnings and profits excess fair market value Federal ferred filed gain or loss graph holders January June 30 liability loss corporation ment method of accounting method of taking operating loss carryovers outstanding stock ownership paragraph poration postacquisition preceding taxable preferred stock provisions of section purchase pursuant qualified quiring ration received recognized redemption regulations reorganization respect rule ryovers sale or exchange shareholder shares of stock stock of Corporation stock or securities subpara subparagraph subsection taking inventories taxable income taxable year beginning taxable year ending tion trade or business transaction transferor corporation treated tribution unused credit X Corporation
Popular passages
Page 129 - ... more than 50 percent in value of the outstanding stock of which is owned by the same person. (2) Control. For purposes of this paragraph, control means the ownership of stock possessing at least 50 percent of the total combined voting power of all classes of stock entitled to vote or at least 50 percent of the total value of shares of all classes of stock of the corporation.
Page 63 - February 28, 1913, or (2) out of its earnings and profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 60 - No gain or loss shall be recognized if stock or securities in a corporation a party to a reorganization are, in pursuance of the plan of reorganization, exchanged solely for stock or securities in such corporation or in another corporation a party to the reorganization.
Page 279 - ... such corporation has not continued to carry on a trade or business substantially the same as that conducted before...
Page 48 - ... at least 80 percent of the total combined voting power of all classes of stock entitled to vote, and at least 80 percent of the total number of shares of all other classes of stock (except nonvoting stock which is limited and preferred as to dividends...
Page 178 - Permanent records in substantial form shall be kept by every taxpayer who participates in a tax-free exchange in connection with a corporate reorganization showing the cost or other basis of the transferred property and the amount of stock or securities and other property or money received (including any liabilities assumed...
Page 138 - ... trade or business was not acquired by the corporation within such period in a transaction in which gain or loss was recognized in whole or in part.
Page 61 - ... party to the reorganization, stock or securities in such corporation or in another corporation a party to the reorganization, without the surrender by such shareholder of stock or securities in such a corporation, no gain to the distributee from the receipt of such stock or securities shall be recognized.
Page 58 - ... the amount of such loss so to be applied shall be reduced by the amount, if any, by which the adjusted basis of the property used in determining the loss exceeds the adjusted basis computed without regard to the value of the property on March 1, 1913...
Page 20 - ... under section 355 (or so much of section 356 as relates to section 355) provided the effect of the transaction is substantially the same as the receipt of a stock dividend, or the stock is received in exchange for section 306 stock.