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, 2000 - Administrative law 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 aggregation allocated allowed amount apply assets bad debts bank benefits business taxable income capital chargeback cluded computing corporation costs December 31 deduction deposit described in section determined distribution dividends duction election under section employees eral erty Example exempt function exploration expenditures fair market value Federal Federal Acquisition Regulation filed fund ganization graph gross income holding company income included income tax indebtedness Internal Revenue Internal Revenue Code Internal Revenue Service January lease ment mining natural gas operating mineral interests orga organiza organization described paid paragraph partnership percent percentage depletion period personal holding company porting organization prior private foundation production payment prop pursuant real property loans relating reserve for losses respect scribed in section shareholder spect subdivision subparagraph taxable years beginning taxpayer term timber tion trade or business transfer transferor treated trust United unrelated trade VEBA zation
Popular passages
Page 48 - ... or (3) Which is the selling of merchandise, substantially all of which has been received by the organization as gifts or contributions. (b) Special rule for trusts. The term "unrelated trade or business...
Page 497 - ... is determined by reference to the basis in the hands of the transferor...
Page 417 - As used in this paragraph the term "gross income from the property" means the gross income from mining. The term "mining" as used herein shall be considered to include not merely the extraction of the ores or minerals from the ground but also the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product or products...
Page 235 - ... within the meaning of section 533(b). (d) Small business investment companies. A corporation which is licensed to operate as a small business investment company under the Small Business Investment Act of 1958 (15 USC ch. 14B) and the regulations thereunder (13 CFR Part 107) will generally be considered to be a "mere holding or investment company" within the meaning of section 533(b).
Page 296 - In the consent such person must agree to include in his gross income for his taxable year in which or with which the taxable year of the corporation ends a specific amount as a taxable dividend.
Page 3 - Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Page 354 - Its earnings and 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 236 - In any proceeding before the Tax Court involving a notice of deficiency based in whole or in part on the allegation that all or any part of the earnings and profits have been permitted to accumulate beyond the reasonable needs of the business...
Page 121 - ... (3) an organization which — " (A) is organized, and at all times thereafter is operated, exclusively for the benefit of, to perform the functions of, or to carry out the purposes of...
Page 11 - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation (except as otherwise provided in subsection (h)), and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office" from section 501(c)(3) of the Internal Revenue Code of 1986.