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. |
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Common terms and phrases
agreement amended by T.D. amount annuity apply assets basis beneficiary bonds calendar capital gain cluded computed consent considered contract dece decedent's death decedent's gross estate December 31 deposit described in paragraph described in section determined distribution dividend earnings and profits elec election under section erty Example executor exercise extent fair market value Federal estate tax filed fund gift tax graph gross income included income tax income tax return installment Internal Revenue Code Internal Revenue Service investment issue January June 24 lease lessor limitation marital deduction ment mortgage obligation October 21 option ordinary income paid payable payment percent period person placed in service portion power of appointment purposes pursuant qualified real property received regulations respect rules share shareholder Stat statement subparagraph surviving spouse taxable year beginning taxable year ending taxpayer terest term termination tion transfer treated trust United vessel
Popular passages
Page 409 - ... 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 564 - The value of the property is the price at which such property would change hands between a willIng buyer and a willing seller, neither being under any compulsion to buy or to sell, and both having reasonable knowledge of relevant facts.
Page 215 - ... 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 530 - If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, additional amount, addition to tax. or assessable penalty, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property whether real or personal, belonging to such person.
Page 9 - The words citizen of the United States Include a corporation, partnership, or association only if it Is a citizen of the United States within the meaning of section 2 of the Shipping Act.
Page 367 - 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 9 - District, or possession thereof, but In the case of a corporation, association, or partnership operating any vessel in the coastwise trade the amount of interest required to be owned by citizens of the United States shall be 75 per centum.
Page 491 - In the case of a nonresident, by deducting from the value of that part of his gross estate which at the time of his death is situated in the United States...
Page 448 - ... 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 460 - 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, including the encouragement of art and the prevention of cruelty to children or animals...