The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 2002 - 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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Common terms and phrases
adjusted basis adjusted current earnings amended amount apply assets attributable book income building calendar capital gains carryback carryover Code component computing cost credit allowed credit earned December 31 deduction defined in paragraph depreciation described in paragraph determined electing small business enhanced oil recovery equipment ergy erty estate or trust Federal filed foreign tax credits graph gross income income tax Internal Revenue Service items of tax January justment lease lessee LIFO ment minimum tax mortgage credit certificate net book income operating loss paid or incurred partnership payer percent period placed in service poration portion prop purposes qualified investment qualified rehabilitation qualified research recapture renewable energy requirements research expenses respect section 38 property shareholder Special rule spect subparagraph taken into account tax imposed tax liability tax preference taxable year ending taxable years beginning taxpayer tion trade or business TRASOP treated United unused wages WIN expenses
Popular passages
Page 540 - Overseas Private Investment Corporation (Part 4301) XXXV Office of Personnel Management (Part 4501) XL Interstate Commerce Commission (Part 5001) XLI Commodity Futures Trading Commission (Part 5101...
Page 419 - ... 50 percent of the total value of the shares of all classes of stock of another corporation, then such person (or persons) shall be treated as in control of such other corporation.
Page 549 - XIX Central Intelligence Agency (Parts 1900—1999) XX Information Security Oversight Office. National Archives and Records Administration (Parts 2000—2099) XXI National Security Council (Parts 2100—2199...
Page 28 - Then multiply the amount determined under paragraph (1) by the fraction — (A) The numerator of which is 14 percent, and (B) The denominator of which is that percentage which equals the sum of the normal tax rate and the surtax rate for the taxable year prescribed by section 11.
Page 10 - Citizens or residents of the United States liable to tax. In general, all citizens of the United States, wherever resident, and all resident alien individuals are liable to the income taxes imposed by the Code whether the income is received from sources within or without the United States.
Page 321 - Such term includes only property with respect to which depreciation (or amortization in lieu of depreciation) is allowable and having a useful life (determined as of the time such property is placed in service) of 4 years or more. (2) Property used outside the United States — (A) In general. Except as provided in subparagraph (B) , the term "section 38 property...
Page 506 - ... person those items of income, deductions, and credits against tax of the trust which are attributable to that portion of the trust to the extent that such items would be taken into account under this chapter in computing taxable income or credits against the tax of an individual.
Page 320 - For purposes of this section, the terms "controlled group of corporations" and "component member" of a controlled group of corporations shall have the same meaning assigned to those terms in section 1563 (a) and (b), except that the phrase "more than 50 percent" shall be substituted for the phrase "at least 80 percent" each place it appears in section 1563(a)(l).
Page 317 - Married individuals. In the case of a husband or wife who files a separate return, the amount specified under subparagraphs (A) and (B) of paragraph (2) shall be $12,500 in lieu of $25,000.
Page 389 - The basis of the assets described in (c) of this subdivision in the hands of the transferee is determined in whole or in part by reference to the basis of such assets in the hands of the transferor. This subparagraph shall not apply if paragraph (e) of this section (relating to transactions to which section 381(a) applies) is applicable with respect to such transfer. (2) Substantial interest. For purposes of this paragraph, the taxpayer shall be considered as having retained a substantial ownership...