The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1997 - Administrative law The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
activity bond limit adjusted gross income aggregate alimony allocable amounts received Annual Lease Value apply arbitrage automobile beneficiary calendar ceeds cluded combat zone compensation computed condition fringe contributions corporation cost December 31 deduction described in section determined election employee's eral escrow Example excludable from gross exempt expenses facility fair market value financed fringe benefit fund governmental unit graph gross income group-term life insurance includible in gross indebtedness interest issue date issuer itemized deductions January June 30 line of business loan meals ment obligations paid payments percent period person ployee portion present value prior issue private activity bond private business purposes of section pursuant qualified refunding issue reimbursement relating REMIC respect retirement special rules spect spouse standard deduction subdivision subparagraph substantial taxable taxpayer term term life insurance tion trade or business transfer treated vate vehicle vided weekly rate yield
Popular passages
Page 321 - The tax shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible...
Page 677 - ... visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.
Page 417 - Amounts received as a pension, annuity or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country...
Page 337 - ... (1) LIFE INSURANCE. — Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC.
Page 458 - Forces is hospitalized for a part of a month as a result of wounds, disease, or injury incurred while serving in such...
Page 332 - The aggregate amounts excludable under paragraph (1) with respect to the death of any employee shall not exceed $5,000. (B) NONFORFEITABLE RIGHTS— Paragraph (1) shall not apply to amounts with respect to which the employee possessed, immediately before his death, a nonforfeitable right to receive the amounts while living.
Page 463 - ... that portion of any amount received which represents payment for teaching, research, or other services in the nature of part-time employment required as a condition to receiving the scholarship or the fellowship grant.
Page 136 - Except as provided in subparagraph (2) of this paragraph, the annuity starting date is the first day of the first period for which an amount is received as an annuity, except that if such date was before January 1, 1954, then the annuity starting date is January 1, 1954.
Page 462 - General rule. In the case of an individual, gross income does not include — (1) Any amount received — (A) As a scholarship at an educational institution...
Page 379 - For purposes of this subsection, the term "industrial development bond" means any obligation — (A) which is issued as part of an issue all or a major portion of the proceeds of which are to be used directly or indirectly in any trade or business carried on by any person who is not an exempt person...