The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1969 - 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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Page 259
... pool or pools as described in paragraphs ( b ) and ( c ) of this section . The term " base- year cost " is the ... pool . The taxable year for which the LIFO method is first adopted with respect to any item in the pool is the " base year ...
... pool or pools as described in paragraphs ( b ) and ( c ) of this section . The term " base- year cost " is the ... pool . The taxable year for which the LIFO method is first adopted with respect to any item in the pool is the " base year ...
Page 260
... pools would be appropriate , one consisting of all of the LIFO inventories entering into the manufacture of clothes ... pool shall ordi- narily consist of a group of inventory items which are substantially similar . The In determining ...
... pools would be appropriate , one consisting of all of the LIFO inventories entering into the manufacture of clothes ... pool shall ordi- narily consist of a group of inventory items which are substantially similar . The In determining ...
Page 261
... pool . Where the material content of a class of finished goods and goods - in- process included in a pool has been changed , for example , to conform with current trends in an industry , a separate pool of finished goods and goods - in ...
... pool . Where the material content of a class of finished goods and goods - in- process included in a pool has been changed , for example , to conform with current trends in an industry , a separate pool of finished goods and goods - in ...
Page 262
... pool . The pool or pools selected must be used for the year of adoption and for all sub- sequent taxable years unless a change is required by the Commissioner in order to clearly reflect income , or unless per- mission to change is ...
... pool . The pool or pools selected must be used for the year of adoption and for all sub- sequent taxable years unless a change is required by the Commissioner in order to clearly reflect income , or unless per- mission to change is ...
Page 263
... pool for the first time subsequent to the be- ginning of the base year . In such a case , the base - year unit cost ... pool for a particular taxable year , the end of the year inventory of the pool expressed in terms of base - year cost ...
... pool for the first time subsequent to the be- ginning of the base year . In such a case , the base - year unit cost ... pool for a particular taxable year , the end of the year inventory of the pool expressed in terms of base - year cost ...
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Common terms and phrases
adjustments aggregate allocation annuity contract annuity plan arm's length Assume attributable basis behalf beneficiary benefits billing-month bond calendar compensation computed December 31 described in section determined disposition distribution election employee's example exceed excess contribution exer fair market value graph gross income gross profit includible in gross Internal Revenue Code January June justments liability meet the requirements ment method of accounting months option granted option is exercised option price owner-employee paid paragraph payments pension percent ployee pool poration present value prior profit-sharing purposes of section pursuant qualified stock option requirements of section respect restricted stock option retirement revolving credit sale or exchange section 404 self-employed individual series E bond share of stock short period stock purchase plan subdivision subpara subparagraph taxable income taxable years beginning taxpayer tion total unstated interest trade or business transfer treated tributions trust
Popular passages
Page 342 - Railroad Retirement Board Reclamation, Bureau of Renegotiation Board Rural Electrification Administration St. Elizabeths Hospital Saint Lawrence Seaway Development Corporation Secret Service...
Page 199 - 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 199 - ... (b) Sales of realty and casual sales of personalty — (1) General rule. Income from — (A) A sale or other disposition of real property, or (B) A casual sale or other casual disposition of personal property (other than property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year) for a price exceeding $1,000, may (under regulations prescribed by the Secretary or his delegate) be returned on the basis and in the manner prescribed...
Page 196 - 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 80 - States, shall be deductible under the preceding paragraphs. (5) Other plans. In the taxable year when paid, if the plan is not one included in paragraph (1), (2), or (3), if the employees' rights to or derived from such employer's contribution or such compensation are nonforfeitable at the time the contribution or compensation is paid.
Page 341 - Wage and Hour Division Labor-Management and Welfare-Pension Reports, Office of Labor Standards, Bureau of Land Management, Bureau of Library of Congress Copyright Office Maritime Administration Maritime Administrator, Office of National Shipping Authority Mines, Bureau of Monetary...
Page 247 - Any goods in an inventory which are unsalable at normal prices or unusable in the normal way because of damage, Imperfections, shop wear, changes of style, odd or broken lots, or other similar causes...
Page 193 - Taxable income shall be computed under the method of accounting on the basis of which the taxpayer regularly computes his income in keeping his books.
Page 6 - In favor of employees who are officers, shareholders, persons whose principal duties consist In supervising the work of other employees, or highly compensated employees; and (4) If the contributions or benefits provided under the plan do not discriminate 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 3 - SEC. 404. DEDUCTION FOR CONTRIBUTIONS OF AN EMPLOYER TO AN EMPLOYEES' TRUST OR ANNUITY PLAN AND COMPENSATION UNDER A DEFERRED-PAYMENT PLAN.