1981-82 Miscellaneous Tax Bills: Hearing Before the Subcommittee on Taxation and Debt Management Generally of the Committee on Finance, United States Senate, Ninety-seventh Congress, First Session, on S. 31 ... S. 239 ... S. 452, February 23, 1981 |
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1980 The Honorable 20510 Dear Senator activities amendment carpools Chairman Citizen's Choice City Committee on Finance Commuter Pool Commuter Transportation Energy Congress cost Dave Durenberger United Dear Senator Durenberger Direct Selling Association Director dwelling unit earnings and profits efforts employers enacted energy conservation Energy Efficiency Act fair rental family members February 23 Federal foreign investment company fuel gasoline home office Honorable David Durenberger individuals interest Internal Revenue Code Internal Revenue Service investor Minnesota National Office Building Washington operating ordinary income percent personal purposes place of business principal place promote ridesharing proposed regulations purchase qualified rent ridesharing programs Robert Packwood section 280A Senate Office Building Senate Washington Senator PACKWOOD Sincerely Subcommittee on Taxation tax credit tax incentives Tax Reform Act taxable Taxation and Debt taxpayer teachers Thank tion trade or business Transportation Energy Efficiency U.S. Senate United States Senate vacation home vanpools WBOCL William
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Page 7 - AMENDMENT OF 1954 CODE. — Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1954.
Page 348 - Your personal use of the rented vacation home must not exceed the greater of 14 days or 10 percent of the number of days during the year that the residence is rented.
Page 26 - A BILL To amend the Internal Revenue Code of 1954 with respect to the treatment of certain lending or finance businesses for purposes of the tax on personal holding companies.
Page 193 - Incurred in carrying on any trade or business a reasonable allowance for salaries or other compensation for personal services actually rendered. The test of deductibility in the case of compensation payments is whether they are reasonable and are in fact payments purely for services.
Page 193 - Subsection (a) shall not apply to any item to the extent such item is allocable to a portion of the dwelling unit which is exclusively used on a regular basis...
Page 193 - Code provides, with exceptions not here material, that no deduction shall be allowed for personal, living or family expenses.
Page 32 - For purposes of this section, the taxpayer shall be deemed to have used a dwelling unit for personal purposes for a day if, for any part of such day, the unit is used — (A) for personal purposes by the taxpayer or any other person who has an interest in such unit, or by any member of the family (as defined in...
Page 312 - ... through the ownership, directly or indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled...
Page 193 - ... (B) as a place of business which is used by patients, clients, or customers in meeting or dealing with the taxpayer in the normal course of his trade or business, or "(C) in the case of a separate structure which is not attached to the dwelling unit, in connection with the taxpayer's trade or business.
Page 30 - ... 8. S. 2367— Senator Boren Gain on Sale of Stock of Foreign Investment Company Present law In general, gain on the sale of stock in a foreign corporation which is a foreign investment company is treated as ordinary income to the extent of the selling shareholder's portion of its earnings and profits. A foreign investment company is defined as any foreign corporation controlled by US persons which is registered under the Investment Company Act of 1940 or which engages in certain investment activities...