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, 1976 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Common terms and phrases
adjusted basis adjusted gross income amended by T.D. amounts received ance tion annuity apply asset basis beginning after December beneficiary bonds calendar carryback có có có Code computed contributions cost credit earned December 31 depreciation described in section determined dividends erty estate or trust excess excluded from gross exempt facility graph Head Mar head of ried income ard allow income tax individual interest Internal Revenue Code issue joint Low Stand joint return June 30 lease least less lessee lessor Married filing ment paragraph payments percent period person placed in service portion purchase qualified investment regulations thereunder respect retirement return income ard section 103 section 38 property section 72 spect spouse standard deduction Stat Statutory provisions subdivision subparagraph subsection taken into account tax imposed taxable income taxable years beginning taxpayer termination of employment trade or business treated unused credit wages WIN expenses
Popular passages
Page 258 - Interest on — (1) 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 ; 1 Sec.
Page 247 - Except as otherwise provided in this subtitle, gross income means all income from whatever source derived, including (but not limited to) the following items: (1) Compensation for services, including fees, commissions, and similar items; (2) Gross income derived from business; (3) Gains derived from dealings in property...
Page 20 - For purposes of this subtitle, an individual shall be considered a head of a household if. and only if, such individual is not married at the close of his taxable year...
Page 356 - Gross Income does not include amounts received as prizes and awards made primarily in recognition of religious, charitable, scientific, educational, artistic, literary, or civic achievement, but only if— ( 1 ) The recipient was selected without any action on his part to enter the contest or proceeding; and (2) The recipient is not required to render substantial future services as a condition to receiving the prize or award.
Page 504 - ... (B) EFFECT OF ADOPTION. — For purposes of subparagraph (A) (ii), a legally adopted child of an individual shall be treated as a child of such individual by blood.
Page 160 - The construction, reconstruction, or erection of the elevator or escalator is completed by the taxpayer after June 30, 1963, or (II) The elevator or escalator Is acquired after June 30, 1963, and the original use of such elevator or escalator commences with the taxpayer and commences after such date.
Page 510 - ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 248 - Compensation for services, including fees, commissions, and similar items; (2) Gross income derived from business; (3) Gains derived from dealings in property; (4) Interest; (5) Rents; (6) Royalties; (7) Dividends; (8) Alimony and separate maintenance payments; (9) Annuities; (10) Income from life insurance and endowment contracts; (11) Pensions; (12) Income from discharge of indebtedness; (13) Distributive share of partnership gross income; (14) Income in respect of a decedent: and (15) Income from...
Page 497 - Is a full-time student at an educational institution; or (B) Is pursuing a full-time course of institutional on-farm training under the supervision of an accredited agent of an educational institution or of a State or political subdivision of a State. For purposes of this paragraph, the term "educational institution...
Page 265 - VII of this subchapter) which are attributable to a trade or business carried on by the taxpayer, if such trade or business does not consist of the performance of services by the taxpayer as an employee.