Reports of the Tax Court of the United States, Volume 21

Front Cover
U.S. Government Printing Office, 1954 - Law reports, digests, etc

From inside the book

Selected pages

Other editions - View all

Common terms and phrases

Popular passages

Page 462 - ... reasonably required and actually expended for the support during the settlement of the estate of those dependent upon the decedent, as are allowed by the laws of the jurisdiction, whether within or without the. United States, under which the estate is being administered...
Page 83 - Deductions otherwise allowed by law not attributable to the operation of a trade or business regularly carried on by the taxpayer...
Page 168 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other 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, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 301 - The amounts of the following liabilities shall, except as hereinafter In this section provided, be assessed, collected, and paid in the same manner and subject to the same provisions and limitations...
Page 453 - General rule. — (1) Decree of divorce or separate maintenance. — If a wife is divorced or legally separated from her husband under a decree of divorce or of separate maintenance...
Page 216 - Is divorced or legally separated from her husband under a decree of divorce or of separate maintenance, periodic payments (whether or not made at regular Intervals) received subsequent to such decree...
Page 304 - Within ninety days after such notice is mailed (not counting Sunday or a legal holiday in the District of Columbia as the ninetieth day), the taxpayer may file a petition with the Tax Court of the United States for a redetermination of the deficiency.
Page 844 - In the case of an Individual, losses sustained during the taxable year and not compensated for by Insurance or otherwise — (1) if Incurred in trade or business ; or (2) if incurred in any transaction entered into for profit, though not connected with the trade or business...
Page 190 - The amount so added to any tax shall be collected at the same time and in the same manner and as a part of the tax unless the tax has been paid before the discovery of the neglect, falsity, or fraud, in which case the amount so added shall be collected In the same manner as the tax.
Page 278 - ... in discharge of, a legal obligation which, because of the marital or family relationship, is imposed upon or incurred by such husband under such decree or under a written instrument incident to such divorce...

Bibliographic information