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, 1972 - 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
accrual method adjustments allocated amended by T.D. annuity contract annuity plan attributable base-year basis behalf beneficiary billing-month bond compensation computed cost December 31 described in section determined disposition distribution election employee's example exceed excess contribution exempt fair market value filed graph gross income includible in gross installment Internal Revenue Code inventory January June justments liability LIFO limitation meet the requirements ment method of accounting months option granted option price owner-employee paid paragraph payments pension percent ployee pool Present value prior profit-sharing purposes of section pursuant qualified stock option requirements of section respect restricted stock option retirement revolving credit rules relating sale or exchange section 404 self-employed individual series E bond share of stock spect Statutory provisions subdivision subpara subparagraph taxable income taxable years beginning taxpayer tion total unstated interest trade or business transfer treated tributions trust
Popular passages
Page 160 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 166 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 9 - ... prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 303 - I National Park Service, Department of the Interior II Forest Service, Department of Agriculture . III Corps of Engineers, Department of the Army IV American Battle Monuments Commission V Smithsonian Institution Title 37 — Patents, Trade-Marks, and Copyrights I Patent Office, Department of Commerce II Copyright Office, Library of Congress Title 38 — Pensions, Bonuses, and Veterans' Relief I Veterans Administration Title 39 — Postal Service I Post Office Department Title 40— [Reserved!
Page 9 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 312 - Public Roads, Bureau of Secretary, Office of Urban Mass Transportation Transportation and Communications Service Transportation Safety Board, National Travel Service, United States Treasury Department Comptroller of the Currency, Bureau of Customs Bureau Engraving and Printing, Bureau of Federal Procurement Regulations System Fiscal Service Foreign Assets Control, Office of Internal Revenue Service Monetary Offices Secret Service Secretary of the Treasury, Office of...
Page 297 - Budget IV Civil Service Commission (Equal Employment Opportunity) V International Organizations Employees Loyalty Board VI Department of Defense VII Advisory Commission on Intergovernmental Relations VIII National Capital Transportation Agency IX Appalachian Regional Commission X National Capital Housing Authority XI United States Soldiers' Home XII District of Columbia Redevelopment Land Agency Title 6 — [Reserved] Chap.
Page 155 - If no method of accounting has been regularly used by the taxpayer, or if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income.
Page 21 - ... in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 8 - ... provisions of the plan which are necessary to satisfy such requirements are in effect by the end of such period and have been made effective for all purposes with respect to the whole of such period.