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, 1997 - 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
activity bond limit aggregate aircraft alimony allocable amounts received Annual Lease Value apply automobile basis beneficiary cafeteria plan calendar ceived cluded combat zone computed condition fringe contributions corporation cost December 31 deduction described in section determined election employee's eral Example excludable from gross exempt expenses facility fair market value flight fringe benefit governmental unit graph gross income gross profit group-term life insurance holder includible in gross income tax individual interest Internal Revenue Code issue itemized deductions January line of business meals ment obligations payments percent period person ployee portion present value prior private activity bond private business proceeds purchase purposes of section pursuant qualified quired refund regulations thereunder reimbursement REMIC respect special rules spect spouse subdivision subparagraph substantial taxable taxpayer term term life insurance tion trade or business treated vehicle vided weekly rate
Popular passages
Page 117 - Installment payments discharging a part of an obligation the principal sum of which is, in terms of money or property, specified in the decree or instrument...
Page 424 - ... (C) service performed by an individual under the age of 22 who is enrolled at a nonprofit or public educational institution which normally maintains a regular faculty and curriculum and normally has a regularly organized body of students in attendance at the place where its educational activities are carried on...
Page 261 - For purposes of paragraph (1), an individual shall be considered to be disabled if he is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of longcontinued and indefinite duration.
Page 325 - 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 410 - As used in section 108(b) and this section, the term "indebtedness" means an obligation, absolute and not contingent, to pay on demand or within a given time, in cash or another medium, a fixed amount. (d) If. as of the first day of the taxable year in which a discharge of indebtedness occurs, there is unamortized premium, the amount of the income attributable to such premium shall be excluded from gross income. If, as of the first day of the taxable year in which a discharge of indebtedness occurs,...
Page 424 - ... represents either compensation for past, present, or future employment services or represents payment for services which are subject to the direction or supervision of the grantor.
Page 314 - If the final transfer is to the insured, to a partner of the insured, to a partnership in which the insured is a partner, or to a corporation in which the insured is a shareholder or officer...
Page 334 - Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from taxation, except taxes upon real estate.
Page 351 - Section 103(b)(4)(B) provides that section 103(b)(l) shall not apply to obligations issued by a State or local governmental unit which are part of an issue substantially all of the proceeds of which are to be used to provide sports facilities.
Page 421 - Conditions for exclusion. In the case of an individual who is not a candidate for a degree at an educational institution, the exclusion from gross income of an amount received as a scholarship or a fellowship grant shall apply (to the extent provided in subparagraph (2) of this paragraph) only if the grantor of the scholarship or fellowship grant is — (i) An organization described in section...