Hearings, Reports and Prints of the Joint Committee on TaxationU.S. Government Printing Office, 1979 |
From inside the book
Results 1-5 of 100
Page 17
... taxpayer's cost or other basis is adjusted for capitalized expenditures which become part of the basis , and for deductions for such items as depreciation , amortization , and depletion , which reduce the taxpayer's basis in the ...
... taxpayer's cost or other basis is adjusted for capitalized expenditures which become part of the basis , and for deductions for such items as depreciation , amortization , and depletion , which reduce the taxpayer's basis in the ...
Page 18
... taxpayer may elect to treat the loss as having occurred in the immediately preceding taxable year and the loss may be deducted for this earlier year ( Code sec . 165 ( h ) ) . Issues H.R.5760 The issues with respect to H.R. 5760 are ( 1 ) ...
... taxpayer may elect to treat the loss as having occurred in the immediately preceding taxable year and the loss may be deducted for this earlier year ( Code sec . 165 ( h ) ) . Issues H.R.5760 The issues with respect to H.R. 5760 are ( 1 ) ...
Page 25
... taxpayer's writedown did not conform to those requirements . The regulations under section 471 allow a taxpayer to writedown sinventory to the lower value of cost or market . In general , the defi- nation of the market price of a ...
... taxpayer's writedown did not conform to those requirements . The regulations under section 471 allow a taxpayer to writedown sinventory to the lower value of cost or market . In general , the defi- nation of the market price of a ...
Page 26
... taxpayer entirely the recognition of the $ 100 of income on the sal In order to prevent taxpayers from avoiding tax as changing accounting methods , Code section 446 provides payer may not change his method of accounting , even if neous ...
... taxpayer entirely the recognition of the $ 100 of income on the sal In order to prevent taxpayers from avoiding tax as changing accounting methods , Code section 446 provides payer may not change his method of accounting , even if neous ...
Page 28
... taxpayer ( Code sec . 38 ) . În order to re credit , the property placed in service by the taxpayer useful life of at least 7 years . If the property has a use least 5 years ( but less than 7 years ) , the taxpayer is ent thirds of the ...
... taxpayer ( Code sec . 38 ) . În order to re credit , the property placed in service by the taxpayer useful life of at least 7 years . If the property has a use least 5 years ( but less than 7 years ) , the taxpayer is ent thirds of the ...
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Common terms and phrases
accrued addition adjusted allowed alternative minimum tax amendment amount assets bankruptcy bill and sec bill The bill bill would provide bonds budget receipts cafeteria plan capital gains carryover basis Code sec Committee contributions corporation debt debtor decedent December 31 deduction depreciation determined dividends earned income Effective date election eligible Energy Tax Act ERISA estate tax excise tax exclusion exempt February 28 Federal Finance fiscal foreign funding standard account gross income IDBs income tax individual installment interest Internal Revenue Service investment credit investment tax credit Issue The issue itemized deductions lease limitation loss ment million multiemployer plan Owner-occupied paid participants payments PBGC pension percent permitted plan sponsor plan's present law prior qualified real property received reduce refund regulations reorganization reporting respect Revenue Act Revenue effect shareholders tax liability tax-exempt taxpayer termination tion trade or business transfer Treasury treated trust U.S. tax withdrawal liability withholding
Popular passages
Page 10 - ... 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 distributing of statements), any political campaign on behalf of any candidate for public office.
Page 17 - ... 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 23 - The income of a nonresident alien individual which consists exclusively of earnings derived from the operation of a ship or ships documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States shall not be included in gross income and shall be exempt from taxation under this chapter.
Page 39 - A business league is an association of persons having some common business interest, the purpose of which is to promote such common interest and not to engage in a regular business of a kind ordinarily carried on for profit.
Page 14 - State or local government for the exclusive use of a State or local government...
Page 2 - Subsection is consistent with the obligations of the United States under the General Agreement on Tariffs and Trade.
Page 11 - Fraternal beneficiary societies, orders, or associations, (a) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 9 - ... the catching, taking, harvesting, cultivating, or farming of any kind of fish, shellfish, crustacea, sponges, seaweeds, or other aquatic forms of animal and vegetable life...
Page 16 - ... who willfully furnishes a false or fraudulent statement, or who willfully fails to furnish a statement in the manner, at the time, and showing the information required under section 6051 or 6053 (b).