The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1973 - 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 16
... example : Example . ( 1 ) A taxpayer who makes his returns on the calendar year basis sells a vessel in 1963 for $ 1,000,000 , realizing a gain of $ 400,000 . Payment of $ 100,000 is received in March 1963 when the contract is signed ...
... example : Example . ( 1 ) A taxpayer who makes his returns on the calendar year basis sells a vessel in 1963 for $ 1,000,000 , realizing a gain of $ 400,000 . Payment of $ 100,000 is received in March 1963 when the contract is signed ...
Page 24
( d ) Examples . The principles of this section may be illustrated by the follow- ing examples : Example ( 1 ) . Taxpayer A filed an election under § 1.167 ( a ) -11 before February 1 , 1972 . A elected to use the modified half - year ...
( d ) Examples . The principles of this section may be illustrated by the follow- ing examples : Example ( 1 ) . Taxpayer A filed an election under § 1.167 ( a ) -11 before February 1 , 1972 . A elected to use the modified half - year ...
Page 34
... example , if the governmental unit acquires two blocks of Federal obligations , with dif- ferent interest rates and ... example illustrates the provisions of this subparagraph : Example . Assume an issue of $ 200,000 ( $ 1,000 per bond ) ...
... example , if the governmental unit acquires two blocks of Federal obligations , with dif- ferent interest rates and ... example illustrates the provisions of this subparagraph : Example . Assume an issue of $ 200,000 ( $ 1,000 per bond ) ...
Page 35
... examples : Example ( 1 ) . State Z issues $ 15 million of obligations all of which will mature in 10 years . The obligations are sold at $ 1,000 each ( par ) to yield 6 percent interest . The ad- justed yield produced by such issue of ...
... examples : Example ( 1 ) . State Z issues $ 15 million of obligations all of which will mature in 10 years . The obligations are sold at $ 1,000 each ( par ) to yield 6 percent interest . The ad- justed yield produced by such issue of ...
Page 37
... Examples . The following examples illustrate governmental programs de- scribed in subparagraph ( 2 ) of this paragraph : Example ( 1 ) . State A issues obligations the proceeds of which are to be used to purchase certain home mortgage ...
... Examples . The following examples illustrate governmental programs de- scribed in subparagraph ( 2 ) of this paragraph : Example ( 1 ) . State A issues obligations the proceeds of which are to be used to purchase certain home mortgage ...
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Common terms and phrases
Administration amended by T.D. amount annuity application assets beneficiary bequest bonds calendar quarter cedent charitable citizen closely held business Code community property computed consent considered contract corporation corpus decedent decedent's death decedent's gross estate December 31 deposit determined district director donee spouse donor entire interest erty executor exercise extension fair market value Federal estate tax filed foreign death taxes fund graph included inheritance tax installments interest in property Internal Revenue Internal Revenue Code June 24 liability lien limited marital deduction ment nonresident October 21 paragraph payable payment percent period person portion power of appointment prescribed proceeds prop property interest provisions of section purposes regulations remainder interest reversionary Secretary September 12 shares Stat Statutory provisions subparagraph surviving spouse tax imposed taxable estate taxable gifts taxpayer tenancy terest term termination thereof tion transfer trust trust instrument United valuation vessel
Popular passages
Page 116 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend, or revoke...
Page 111 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 116 - ... where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend, or revoke, or where the decedent relinquished any such power in contemplation of his death.
Page 156 - SEC. 2056. Bequests, etc., to surviving spouse — (a) Allowance of marital deduction. For purposes of the tax imposed by section 2001, the value of the taxable estate shall, except as limited by subsections (b), (c), and (d), be determined by deducting from the value of the gross estate...
Page 151 - ... organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation, and which does not participate in, or intervene in (including the publishing or...
Page 139 - ... as are allowed by the laws of the jurisdiction, whether within or without the United States, under which the estate is being administered...
Page 124 - ... provided, that where such property or any part thereof, or part of the consideration with which such property was acquired, is shown to have been at any time acquired by such other person...
Page 307 - If any person liable to pay any tax neglects or refuses to pay the same after demand, the amount (including any interest, penalty, additional amount, or addition to such tax, together with any costs that may accrue in addition thereto) shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belonging to such person.
Page 116 - ... even though the exercise of the power is subject to a precedent giving of notice or even though the exercise of the power...
Page 282 - Columbia, for exclusively public purposes, or to or for the use of any corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private stockholder or individual...