Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
From inside the book
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Page 2
... donated property must be reduced by the amount of any ordi- nary gain which the taxpayer would have realized had the proper- ty been sold at its fair market value on the date of the donation ( sec . 170 ( e ) ) . For example , a ...
... donated property must be reduced by the amount of any ordi- nary gain which the taxpayer would have realized had the proper- ty been sold at its fair market value on the date of the donation ( sec . 170 ( e ) ) . For example , a ...
Page 3
... donated property and ( 2 ) one - half of the property's unrealized appreciation . In no event may the amount of the deduction under the special rule exceed twice the basis of the property . Explanation of provision Section 1 of the bill ...
... donated property and ( 2 ) one - half of the property's unrealized appreciation . In no event may the amount of the deduction under the special rule exceed twice the basis of the property . Explanation of provision Section 1 of the bill ...
Page 12
... property must be reduced by the amount of any ordinary gain which the taxpayer would have realized had the property ... donated property . Under a special rule , corporations are allowed an augmented charitable deduction for donations of ...
... property must be reduced by the amount of any ordinary gain which the taxpayer would have realized had the property ... donated property . Under a special rule , corporations are allowed an augmented charitable deduction for donations of ...
Page 13
... donated property is used for training students en- rolled in a postsecondary vocational education program . Requirements for favorable treatment To qualify , a donation of equipment would be required , under the bill , to satisfy the ...
... donated property is used for training students en- rolled in a postsecondary vocational education program . Requirements for favorable treatment To qualify , a donation of equipment would be required , under the bill , to satisfy the ...
Page 14
... donated property and ( 2 ) one - half of the unrealized appreciation . However , in no event would a deduction be allowed for any amount which exceeded twice the basis of the property . Effective Date The provisions of section 1 of the ...
... donated property and ( 2 ) one - half of the unrealized appreciation . However , in no event would a deduction be allowed for any amount which exceeded twice the basis of the property . Effective Date The provisions of section 1 of the ...
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Common terms and phrases
accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment ISIP justment limited partner limited partnership oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs