Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and IndexDivision of the Federal Register, the National Archives, 2002 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Page 13
... basis of $ 4,000 and a fair market value of $ 4,000 . ( The total adjusted basis and fair market value of the partnership's cap- ital assets are the same as in Example 1. ) If PRS were to sell all of its collectibles in a fully taxable ...
... basis of $ 4,000 and a fair market value of $ 4,000 . ( The total adjusted basis and fair market value of the partnership's cap- ital assets are the same as in Example 1. ) If PRS were to sell all of its collectibles in a fully taxable ...
Page 14
... basis of $ 2,000 ; B contributes $ 7,000 in cash and a collectible with a fair market value of $ 3,000 and a basis of $ 3,000 ; and C contributes $ 10,000 in cash . At the time of the contribution , A had held the contrib- uted property ...
... basis of $ 2,000 ; B contributes $ 7,000 in cash and a collectible with a fair market value of $ 3,000 and a basis of $ 3,000 ; and C contributes $ 10,000 in cash . At the time of the contribution , A had held the contrib- uted property ...
Page 85
... Basis adjustment . As of the first day of the taxable year in which the re- capture event occurs , the basis of the qualified electric vehicle is increased by the recapture amount and the car- ryover reductions taken into account under ...
... Basis adjustment . As of the first day of the taxable year in which the re- capture event occurs , the basis of the qualified electric vehicle is increased by the recapture amount and the car- ryover reductions taken into account under ...
Page 86
... basis of the vehicle is reduced to $ 18,000 ( $ 20,000- $ 2,000 ) . On March 8 , 1996 , B sells the vehicle to a tax - exempt entity . Because B knowingly sold the vehicle to a tax - exempt entity described in section 50 ( b ) in the ...
... basis of the vehicle is reduced to $ 18,000 ( $ 20,000- $ 2,000 ) . On March 8 , 1996 , B sells the vehicle to a tax - exempt entity . Because B knowingly sold the vehicle to a tax - exempt entity described in section 50 ( b ) in the ...
Page 103
... basis of the joint ven- ture . The joint venture agreement provides that A's , B's and C's distributive shares will ... basis , and C is allocated 80 percent of each item of in- come , gain , loss , deduction , credit and basis ...
... basis of the joint ven- ture . The joint venture agreement provides that A's , B's and C's distributive shares will ... basis , and C is allocated 80 percent of each item of in- come , gain , loss , deduction , credit and basis ...
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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 Federal Acquisition Regulation 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 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 561 - Advisory Council on Historic Preservation African Development Foundation Federal Acquisition Regulation Agency for International Development, United States Federal Acquisition Regulation Agricultural Marketing Service Agricultural Research Service Agriculture Department Agricultural Marketing Service Agricultural Research Service Animal and Plant Health Inspection Service Chief Financial Officer, Office of Commodity Credit Corporation Cooperative State Research, Education, and Extension Service Economic...
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. Pursuant to section 876, a nonresident alien individual who is a bona fide resident of Puerto Rico during the entire taxable year is, except as provided in section 933 with respect to Puerto Rican source income,...
Page 20 - For purposes of subsection (a), the term 'surviving spouse' means a taxpayer — "(A) whose spouse died during either of his two taxable years immediately preceding the taxable year, and "(B) who maintains as his home a household which constitutes for the taxable year the principal place of abode (as a member of such household) of a dependent...
Page 557 - X Office of Community Services, Administration for Children and Families, Department of Health and Human Services (Parts 1000—1099) XI National Foundation on the Arts and the Humanities (Parts...
Page 553 - Defense SUBTITLE A— DEPARTMENT OF DEFENSE I Office of the Secretary of Defense (Parts 1—399) V Department of the Army (Parts 400—699...
Page 313 - States during the taxable year by such a corporation or such a citizen, or by a corporation created or organized in, or under the law of, a possession of the United States. Thus, property placed in service after December 31, 1965, which is owned by a domestic corporation not entitled to the benefits of section 931 or 934(b...
Page 545 - Department of Agriculture (Parts 2900—2999) XXX Office of the Chief Financial Officer, Department of Agriculture (Parts 3000—3099) XXXI Office of Environmental Quality, Department of Agriculture (Parts 3100—3199) XXXII Office of Procurement and Property Management, Department of Agriculture (Parts 3200—3299...
Page 404 - Investment for each taxable year shall be apportioned pro rata among the persons who are shareholders of such corporation on the last day of such taxable year; and (2) Any person to whom any...
Page 562 - Corporation for National and Community Service Cost Accounting Standards Board Council on Environmental Quality Court Services and Offender Supervision Agency for the District of Columbia Customs and Border Protection Bureau Defense Contract Audit Agency Defense Department...
Page 423 - For purposes of this section, control means the ownership of stock possessing at least 80 percent of the total combined voting power of all classes of stock entitled to vote or at least 80 percent of the total value of shares of all classes of stock of the corporation.