Internal Revenue Bulletin: Cumulative bulletin, Part 2
U.S. Government Printing Office, 1965
A consolidation of all items of a permanent nature published in the weekly Internal revenue bulletin, ISSN 0020-5761, as well as a cumulative list of announcements relating to decisions of the Tax Court.
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accordance acquired acquisition allowed amended amount apply assets attributable bank basis beginning bonded bottling calendar certificate close Commissioner computed considered constitute containers controlled foreign corporation debt obligation December 31 deduction defined described determined distribution earnings and profits effect election employee ending example excise tax exclusion exemption expenses export trade extent Federal filed follows foreign income tax Form gross income held included individual installment interest Internal Revenue Code investment issued July less limitation loans loss manufacturers meaning method month officer operation organization paid paragraph payment percent performed period person prior production Public purchase reason received regulations relating Report respect rules securities share shareholder sold spirits Stat subdivision subparagraph subsection tax imposed taxable taxpayer term thereof tion transfer Treasury treated trust United wages
Page 61 - 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 459 - Whenever any person indebted to the United States is insolvent, or whenever the estate of any deceased debtor, in the hands of the executors or administrators, is insufficient to pay all the debts due from the deceased, the debts due to the United States shall be first satisfied...
Page 324 - Wages. For purposes of this chapter, the term "wages" means all remuneration for employment, including the cash value of all remuneration paid in any medium other than cash; except that such term shall not include...
Page 312 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation ; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 337 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order In the exercise of duties required by such order...
Page 433 - ... credited or set apart, although not then actually reduced to possession. To constitute receipt in such a case the income must be credited or set apart to the taxpayer without any substantial limitation or restriction as to the time or manner of payment or condition upon which payment is to be made, and must be made available to him so that it may be drawn at any time, and its receipt brought within his own control and disposition.
Page 263 - February 28, 1913, or (2) out of the earnings or 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 386 - Stat. 237), it is found that it is unnecessary to issue this Treasury decision with notice and public procedure thereon under section 4 (a) of the Administrative Procedure Act, approved June 11, 1946, or subject to the effective date limitation of section 4(c) of said Act.