Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
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Page 3
This provision would apply to taxable years beginning after December 31 , 1980. Also , S. 1276 would delay the effective date of Rev. Proc . 80–5 and Rev. Rul . 80–60 to taxable years beginning after December 31 , 1980 . b .
This provision would apply to taxable years beginning after December 31 , 1980. Also , S. 1276 would delay the effective date of Rev. Proc . 80–5 and Rev. Rul . 80–60 to taxable years beginning after December 31 , 1980 . b .
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The bill would apply to obligations issued after the date of enactment , and also to capital expenditures made after December 31 , 1980 . S. 1472 Under the provisions of S. 1472 , research or experimental expenditures which the taxpayer ...
The bill would apply to obligations issued after the date of enactment , and also to capital expenditures made after December 31 , 1980 . S. 1472 Under the provisions of S. 1472 , research or experimental expenditures which the taxpayer ...
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80–60 from taxable years endiing after December 24 , 1979 , to taxable years beginning after December 31 , 1980. A taxpayer which changed its method of accounting for a taxable year ending after . 9 December 24 , 1979 and before January ...
80–60 from taxable years endiing after December 24 , 1979 , to taxable years beginning after December 31 , 1980. A taxpayer which changed its method of accounting for a taxable year ending after . 9 December 24 , 1979 and before January ...
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9 December 24 , 1979 and before January 1 , 1981 , in accordance with Rev. ... amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980.
9 December 24 , 1979 and before January 1 , 1981 , in accordance with Rev. ... amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980.
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For taxpayers adopting LIFO for taxable years beginning after December 31 , 1981 , market writedowns will be included in income ratably over a three - year period beginning with the year of change to LIFO . Thus , the taxpayer no longer ...
For taxpayers adopting LIFO for taxable years beginning after December 31 , 1981 , market writedowns will be included in income ratably over a three - year period beginning with the year of change to LIFO . Thus , the taxpayer no longer ...
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Common terms and phrases
$10 million limitation allow taxpayers amortize amount apply to taxable average beginning after December bill capital expenditures Code section conformity conformity requirement continue cost or market December 31 determined disposed disposition Effective date elects to deduct ending inventory exceeding exception excess inventory expenses experimental expenditures future gross income held higher income tax industrial development bonds interest Internal Revenue Service inven inventory accounting less LIFO lower of cost market value market writedowns method of accounting method of inventory months offered paid period Present law Proc provisions qualified small businesses realizable recapture regulations relating replacement requirement research and experimental research expenditures research expenses research or experimental respect Ruling Senators small issue industrial sold statement taken into account tax purposes taxable income taxable years beginning taxable years ending taxpayer elects Thor Power decision tion trade or business write written
Bibliographic information
| Title | Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
| Contributors | United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management, United States. Congress. Joint Committee on Taxation |
| Publisher | U.S. Government Printing Office, 1981 |
| Original from | Purdue University |
| Digitized | 27 Aug 2012 |
| Length | 14 pages |
| Export Citation | BiBTeX EndNote RefMan |