The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1992 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. |
Other editions - View all
Common terms and phrases
adjusted basis aggregation allocated allowable amount apply assets bad debts beginning after December benefits business taxable income cluded computed corporation costs December 31 deposit described in section determined distribution dividends duction election under section employees Example exempt function exploration expenditures fair market value filed foreign personal holding fund ganization graph gross income holding company income income tax indebtedness Internal Revenue Internal Revenue Code Internal Revenue Service lease losses on qualifying ment mineral property natural gas nonmining operating mineral interests orga organiza organization described percent period personal holding company ported organizations prior private foundation production payment pursuant qualifying real property real property loans relating reserve for losses respect rules scribed in section shareholder spect subdivision subpara subparagraph taxable years beginning taxpayer term timber tion trade or business transfer transferor treated trust trust instrument United unrelated business taxable unrelated trade VEBA zation
Popular passages
Page 14 - ... 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 31 - ... (5) Cemetery companies owned and operated exclusively for the benefit of their members or which are not operated for profit ; and any corporation chartered solely for burial purposes as a cemetery corporation and not permitted by its charter to engage in any business not necessarily incident to that purpose, no part of the net earnings of which inures to the benefit of any private shareholder or individual...
Page 53 - ... or (3) Which is the selling of merchandise, substantially all of which has been received by the organization as gifts or contributions. (b) Special rule for trusts. The term "unrelated trade or business...
Page 125 - Unrelated Trade or Business, (a) General Rule. — The term "unrelated trade or business" means in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 320 - In the case of a mutual savings bank not having capital stock represented by shares, a domestic building and loan association, and a cooperative bank without capital stock organized and operated for mutual purposes and without profit...
Page 303 - Common Trust Fund shall be computed in the same manner and on the same basis as in the case of an individual...
Page 351 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...
Page 209 - II, shall be considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes.
Page 381 - As used in this paragraph the term "gross income from the property" means the gross income from mining. The term "mining" as used herein shall be considered to include not merely the extraction of the ores or minerals from the ground but also the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product or products...
Page 173 - Unrelated Trade or Business. — The term "unrelated trade or business" means, in the case of any organization subject to the tax imposed by section 421 (a), any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption under section...