The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1985 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
additional depreciation adjusted basis allowed amended by T.D. amount of gain apply April 15 attributable beginning after December calendar capital gain carryback certificate computed consolidated return contract or subcontract December 31 determined disposition distribution dividend earnings and profits electing small business election under section Example exemption fair market value filed foreign corporation gain or loss gain recognized graph gross income holding period included income tax income under section Internal Revenue Code Internal Revenue Service January justment long-term capital loss ment nonresident alien obligation operating loss option ordinary income paid paragraph partnership payment percent person poration portion pursuant refund relating respect rules sale or exchange section 1250 property self-employment shareholder small business corporation spect subdivision subpara subparagraph taken into account taxable income taxable year ending taxable years beginning taxpayer tier corporation tion trade or business transaction transfer transferor treated U.S. real property
Popular passages
Page 424 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 439 - ... (B) service performed by an individual in, and at the time of, the sale of newspapers or magazines to ultimate consumers, under an arrangement under which the newspapers or magazines are to be sold by him at a fixed price, his compensation being based on the retention of the excess of such price over the amount at which the newspapers or magazines are charged to him, whether or not he is guaranteed a minimum amount of compensation for such service, or is entitled to be credited with the unsold...
Page 451 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 153 - It has been established to the satisfaction of the Secretary or his delegate that such exchange Is not In pursuance of a plan having as one of Its principal purposes the avoidance of Federal Income taxes.
Page 105 - In value of the outstanding stock of each of which Is owned, directly or Indirectly, by or for the same Individual...
Page 417 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 423 - Payments for the use or occupancy of rooms or other space where services are also rendered to the occupant, such as for the use or occupancy of rooms or other quarters in hotels, boarding houses, or apartment houses furnishing hotel services, or in tourist camps or tourist homes...
Page 254 - The transfers referred to in subparagraphs (1) of this paragraph are transfers of farm recapture property in which the basis of such property in the hands of the transferee is determined by reference to its basis in the hands of the transferor by reason of the application of any of the following provisions: (i) Section 332 (relating to distributions in complete liquidation of an 80percent-or-more controlled subsidiary corporation).
Page 449 - Any individual who is (Da duly ordained, commissioned, or licensed minister of a church or a member of a religious order (other than a member of a religious order who has taken a vow of poverty as a member of such order) or (2) a Christian Science practitioner...
Page 424 - A dealer in stocks or securities is a merchant of stocks or securities with an established place of business, regularly engaged in the business of purchasing stocks or securities and reselling them to customers; that is, he Is one who as a merchant buys stocks or securities and sells them to customers with a view to the gains and profits that may be derived therefrom.