Federal Income, Estate and Gift Tax Laws, Correlated: Being a Correlation of the Income, Estate and Gift Tax Provisions of the Internal Revenue Code Currently in Effect During Each of the Years 1944 to 1949, Inclusive, with Amendments |
From inside the book
Results 1-5 of 100
Page 68
... subsection . This para- graph shall not apply in the case of a taxpayer , other than a corpora- tion , with respect to a non - business debt , as defined in paragraph ( 4 ) of this subsection . Taxable Years Beginning in 1948 Sec . 23 ...
... subsection . This para- graph shall not apply in the case of a taxpayer , other than a corpora- tion , with respect to a non - business debt , as defined in paragraph ( 4 ) of this subsection . Taxable Years Beginning in 1948 Sec . 23 ...
Page 78
... subsection ( a ) with- out regard to this subsection , under this subsection but only to the fol- lowing extent : ( A ) In the taxable year when paid , if the contributions are paid into a pension trust , and if such taxable year ends ...
... subsection ( a ) with- out regard to this subsection , under this subsection but only to the fol- lowing extent : ( A ) In the taxable year when paid , if the contributions are paid into a pension trust , and if such taxable year ends ...
Page 170
... subsection , from show- ing on the return the tax imposed by this chapter . In such case the tax shall be computed ... subsection , and such regula- tions may provide for the applica- tion of the rules of this subsection to cases where ...
... subsection , from show- ing on the return the tax imposed by this chapter . In such case the tax shall be computed ... subsection , and such regula- tions may provide for the applica- tion of the rules of this subsection to cases where ...
Page 171
... subsection , and such regula- tions may provide for the applica- tion of the rules of this subsection to cases where the gross income includes items other than those enumerated in paragraph ( 1 ) , to cases where the gross income from ...
... subsection , and such regula- tions may provide for the applica- tion of the rules of this subsection to cases where the gross income includes items other than those enumerated in paragraph ( 1 ) , to cases where the gross income from ...
Page 265
... subsection ( b ) ( 1 ) to ( 5 ) , inclusive , or 10 , or within the provisions of subsection ( 1 ) , of this section if it were not for the fact that the property received in ex- change consists not only of prop- erty permitted by such ...
... subsection ( b ) ( 1 ) to ( 5 ) , inclusive , or 10 , or within the provisions of subsection ( 1 ) , of this section if it were not for the fact that the property received in ex- change consists not only of prop- erty permitted by such ...
Contents
| 2 | |
| 7 | |
| 13 | |
| 21 | |
| 67 | |
| 98 | |
| 102 | |
| 104 | |
| 714 | |
| 715 | |
| 716 | |
| 717 | |
| 718 | |
| 721 | |
| 722 | |
| 723 | |
| 110 | |
| 111 | |
| 112 | |
| 117 | |
| 119 | |
| 126 | |
| 139 | |
| 141 | |
| 142 | |
| 145 | |
| 170 | |
| 204 | |
| 207 | |
| 212 | |
| 226 | |
| 244 | |
| 281 | |
| 330 | |
| 354 | |
| 358 | |
| 362 | |
| 374 | |
| 382 | |
| 411 | |
| 425 | |
| 432 | |
| 438 | |
| 450 | |
| 461 | |
| 470 | |
| 475 | |
| 477 | |
| 483 | |
| 495 | |
| 496 | |
| 505 | |
| 586 | |
| 594 | |
| 617 | |
| 626 | |
| 632 | |
| 642 | |
| 648 | |
| 650 | |
| 651 | |
| 658 | |
| 670 | |
| 682 | |
| 688 | |
| 694 | |
| 700 | |
| 701 | |
| 702 | |
| 703 | |
| 704 | |
| 705 | |
| 706 | |
| 710 | |
| 711 | |
| 712 | |
| 713 | |
| 724 | |
| 725 | |
| 727 | |
| 728 | |
| 729 | |
| 739 | |
| 745 | |
| 747 | |
| 760 | |
| 763 | |
| 765 | |
| 767 | |
| 775 | |
| 782 | |
| 783 | |
| 784 | |
| 785 | |
| 786 | |
| 787 | |
| 791 | |
| 793 | |
| 794 | |
| 795 | |
| 796 | |
| 797 | |
| 798 | |
| 800 | |
| 801 | |
| 802 | |
| 804 | |
| 815 | |
| 821 | |
| 832 | |
| 834 | |
| 838 | |
| 839 | |
| 844 | |
| 847 | |
| 865 | |
| 867 | |
| 879 | |
| 1 | |
| 3 | |
| 9 | |
| 10 | |
| 11 | |
| 14 | |
| 18 | |
| 22 | |
| 26 | |
| 28 | |
| 36 | |
| 46 | |
| 61 | |
| 78 | |
| 84 | |
| 95 | |
| 5 | |
| 8 | |
| 81 | |
Common terms and phrases
Act makes amendment adjusted basis allowed amended by Sec amendment applicable amendments prior applicable to taxable assessment base period beginning after Dec Beginning before 1944 Beginning in 1944 Board bond carry-back centum chapter collector Commis Commissioner computed credit or refund decedent December 31 deduction deficiency determined distraint distribution dividends Eighth Edition election exceed excess profits credit excess profits tax exemption fiduciary filed gain or loss gift GIFT TAX gross income included income from sources interest liability ment months Ninth Edition nonresident alien normal tax operating loss overpayment paid paragraph payer payment personal holding company poration provided in section purposes received regulations prescribed respect Revenue Act sale or exchange Second Edition Secretary section 23 Section originated 1942 shareholder sioner spect spouse stock or securities subchapter subparagraph subsection Supplement supra tax imposed Taxable Years Beginning taxpayer term thereof tion trade or business transfer United
Popular passages
Page 827 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; and the term "partner" includes a member in such a syndicate, group, pool, Joint venture, or organization.
Page 347 - 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 153 - 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 262 - ... if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph or by subsection (1) to be received without the recognition of gain, but also of other property or money, then the gain, if any, to the recipient shall be recognized, but in an amount not in excess of the sum of such money and the fair market value of such other property.
Page 823 - Sec. 3226. No suit or proceeding shall be maintained in any court for the recovery of any internal- revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected until a claim for refund or credit has been duly filed with the Commissioner of Internal Revenue, according to the provisions of law in that regard, and the regulations...
Page 156 - Secretary or his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Page 475 - ... any person who willfully attempts in any manner to evade or defeat any tax imposed by this chapter or the payment thereof, shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than five years, or both, together with the costs of prosecution.
Page 318 - dividend" when used in this title (except in section 203 (a) (3^ and section 207 (c) ( 1) , relating to insurance companies) means any distribution made by a corporation to its shareholders, whether in money or in other property, (1) out of its earnings or profits accumulated after February 28, 1913, or (2) out of the earnings or profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year) , without regard...
Page 286 - ... (B) as paid-in surplus or as a contribution to capital, then the basis shall be the same as it would be in the hands of the transferor, increased in the amount of gain or decreased in the amount of loss recognized to the transferor upon such transfer under the law applicable to the year in which the transfer was made.
Page 148 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed or if the method employed does not clearly reflect the income...