Internal Revenue Bulletin: Cumulative bulletin, Part 1, Volume 1U.S. Government Printing Office, 1964 A consolidation of all items of a permanent nature published in the weekly Internal revenue bulletin, ISSN 0020-5761, as well as a cumulative list of announcements relating to decisions of the Tax Court. |
Other editions - View all
Common terms and phrases
76 Stat affiliated group alcohol allowed amended amount application assets basis bonds carryback computing controlled foreign corporation cost dealer December 31 deduction denatured alcohol depreciation described in section determined distribution district director dividends election employee employer identification exemption Federal Register filed foreign base company Form gross income imposed by section Income Tax Regulations interest Internal Revenue Code Internal Revenue Service lessee liability losses on qualifying marihuana marital deduction organization paragraph payment percent placed in service power of attorney provisions of section purchase purposes qualified investment qualifying real property read as follows real property loans received reserve for losses respect Revenue Procedure Revenue Ruling section 38 property section 501 Series E bonds shareholder specially denatured SUBCHAPTER subdivision subparagraph Subpart tax imposed taxable income taxable year beginning taxpayer tion tobacco products trade or business Treasury Decision trust unused credit
Popular passages
Page 192 - ... Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not...
Page 529 - No suit or proceeding shall be maintained in any court for the recovery of any internal revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 192 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 518 - To summon the person liable for tax or required to perform the act, or any officer or employee of such person, or any person having possession, custody, or care of books of account containing entries relating to the business of the person liable for tax...
Page 170 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 133 - No gain or loss shall be recognized If property is transferred to a corporation by one or more persons solely In exchange for stock or securities in such corporation, and Immediately after the exchange such person or persons are in control of the corporation...
Page 603 - Register, that the national interest would be served by such action or appearance by the former officer or employee. (c) Whoever, being a partner of an officer or employee of the executive branch of the United States Government, of any independent agency of the United States, or of the District of Columbia...
Page 216 - X's taxable income for 1963 is $30,000 (computed prior to the Inclusion of any amount in gross income for such year under section 593(f)) and during such year X received tax-exempt Interest of $500. X's earnings and profits for 1963 (computed at the close of the taxable year without diminution by reason of any distributions made during the taxable year) is $20,400.
Page 214 - Its earnings and profits of the taxable year (computed as of the close of the taxable year without diminution by reason of any distributions made during the taxable year), without regard to the amount of the earnings and profits at the time the distribution was made.
Page 324 - The labor or services are performed by a nonresident alien individual temporarily present in the United States for a period or periods not exceeding a total of 90 days during the taxable year...