What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
actuarial additional agree agreement amendment amount apply argues assessment assets assumptions Attorney bank benefit claim Commissioner concluded considered contributions corporation costs Court deduction deficiency determined distribution effect election employees ERISA established evidence expenditures expenses experience fact farm Federal fees filed follows foundation franchisee funding Government grand jury grants held hold imposed income tax individual interest Internal Revenue Internal Revenue Code investment involved issue license limitations loss matter McDonald's meaning ment method motion notice obligation operation opinion organization paid participant parties partnership payments pension percent period person petitioner's petitioners proceeding production purchase qualified question reasonable received record references regard Regs regulations relating respect respondent respondent's restaurant result retirement Rule statute supra taxable taxpayer term tion transaction trust United
Page 377 - Although relevant, evidence may be excluded if its probative value is substantially outweighed by the danger of unfair prejudice, confusion of the issues, or misleading the jury, or by considerations of undue delay, waste of time, or needless presentation of cumulative evidence.
Page 198 - The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided1 in such section for determining loss over the amount realized. (b) Amount realized,. The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than money) received.
Page 264 - 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 400 - In support of this argument, taxpayers made reference to the reports of the Senate Finance Committee and the House Ways and Means Committee...
Page 321 - ... taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 4 - Such fair market value shall be the fair market value as of the first day of the taxable year in which such timber is cut, and shall thereafter be considered as the cost of such timber to the taxpayer for all purposes for which such cost is a necessary factor.
Page 373 - If scientific, technical, or other specialized knowledge will assist the trier of fact to understand the evidence or to determine a fact in issue...
Page 479 - ... or 2 years from the time the tax was paid, whichever of such periods expires the later, or if no return was filed by the taxpayer, within 2 years from the time the tax was paid.
Page 198 - Determination of amount of and recognition of gain or loss — (a) Computation of gain or loss. The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized.