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" INCOME. The net income of the estate or trust shall be computed in the same manner and on the same basis as in the case of an individual... "
Reports of the U.S. Board of Tax Appeals - Page 357
by United States. Board of Tax Appeals - 1939
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Regulations 86 Relating to the Income Tax Under the Revenue Act of 1934

United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 466 pages
...businesses, see section 45. SEC. 183. COMPUTATION OF PARTNERSHIP INCOME. The net income of the partnership shall be computed in the same manner and on the same basis as in the case of an individual. ART. 183-1. Computation of partnership income. — The net income of the partnership shall be computed...
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Federal Income, Estate and Gift Tax Laws, Correlated: Being a Correlation of ...

United States, Walter Elbert Barton - 1950 - 893 pages
...Beginning in 1949 Beginning in 1948 Sec. 183. (a) General rule. — The net income of the partnership shall be computed in the same manner and on the same basis as in the case of an individual, except as provided in subsections (b), (c), and (d). Seo. 183. (b) Segregation of items.— Sec. 183. (b)...
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Statistics of Income

United States. Internal Revenue Service - 1952
...individuals apply also to the income of estates and trusts. The net income of an estate or trust is computed in the same manner and on the same basis as in the case of Preliminary report 1947 109, 997 973, 583 5Э9, 244 173, 071 1946 121, 725 1,065,765 594, 924 205,...
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Reports of the Tax Court of the United States, Volume 16

United States. Tax Court - 1951
...under the terms of the will, to pay the trust income to the beneficiary in the interim 1 Sec. 162. The net Income of the estate or trust shall be computed In the sam« manner and on the same basis as In the case of an Individual, except tbat — • *•••••...
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Reports of the Tax Court of the United States, Volume 17

United States. Tax Court - 1952
...distribution of corpus. Relying on that case we hold that petitioner is not taxable on any amounts of 1 SEC. 162. NET INCOME. The net Income of the estate or trust...same basis as In the case of an Individual, except thnt — (a) There shall be allowed as a deduction (In lieu of tbe deduction for charitable, etc.,...
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Reports of the Tax Court of the United States, Volume 17

United States. Tax Court - 1952
...distribution of corpus. Relying on that case we hold that petitioner is not taxable on any amounts of 1 SEC. 162. NET INCOME. The net Income of the estate or trust shall he computed In the same manner and on the same basis as In the case of an Individual, except thnt —...
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Treasury and Post Office Departments Appropriations, 1954, Hearings Before ...

United States. Congress. Senate. Appropriations Committee - 1953 - 363 pages
...parenthetical phrase relating to the tax on self.employment income.] SUPPLEMENT E — ESTATES AND TBUSTS SEC. 162. NET INCOME. The net income of the estate or trust...basis as in the case of an individual, except that — (a) Subject to the provisions of subsection (g), there shall be allowed as a deduction (in lieu...
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Tax Cases Decided with Opinions by the Supreme Court of the United States

Congress. Internal Revenue Taxation Joint Committee - 1953
...account in computing net income.2 For the reasons hereafter stated, our answer is in the negative. "'SBC. 162. NET INCOME. "The net income of the estate or...basis as in the case of an individual, except that — "(a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions...
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Federal Income, Estate, and Gift Tax Laws, Correlated: Being a Correlation ...

United States, Walter Elbert Barton - 1953 - 640 pages
...(c) Cross referencc. — For return made by beneficiary, see section 142. Sec. 162. Net incomc. The net income of the estate or trust shall be computed...basis as in the case of an individual, except that — Sec. 162. (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc.,...
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Internal Revenue Bulletin

United States. Internal Revenue Service - 1954
...deductions allowed an estate or trust. Section 162 of the Code provides, in part, as follows : The net income of the estate or trust shall be computed...basis as in the case of an individual, except that — (b) There shall be allowed as an additional deduction in computing the net Income of the estate...
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