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
Results 1-5 of 7
Page 4
... Business Holdings Provision for the El Pomar Foundation The bill would exempt the El Pomar Foundation of Colorado ... trade or business income of an individual retirement account or annuity ( an IRA ) . Under the bill , certain exempt ...
... Business Holdings Provision for the El Pomar Foundation The bill would exempt the El Pomar Foundation of Colorado ... trade or business income of an individual retirement account or annuity ( an IRA ) . Under the bill , certain exempt ...
Page 5
... trade or business . In addition , gain from the disposition of property used in a trade or business , in excess of depreciation recapture , may be treated as gain from the sale of a capital asset . For a noncorporate taxpayer , only 40 ...
... trade or business . In addition , gain from the disposition of property used in a trade or business , in excess of depreciation recapture , may be treated as gain from the sale of a capital asset . For a noncorporate taxpayer , only 40 ...
Page 7
... company , or , in general , in a foreign corporation.5 An interest in a common trust fund would be treated as stock ... trade or business ( within the meaning of sec . 1231 ) . This includes land , leasehold interests , and buildings ...
... company , or , in general , in a foreign corporation.5 An interest in a common trust fund would be treated as stock ... trade or business ( within the meaning of sec . 1231 ) . This includes land , leasehold interests , and buildings ...
Page 12
... trade or business ( sec . 1231 property ) , the charita- ble deduction must be reduced by the amount of depreciation re- capture which would be recognized on sale of the donated property . Under a special rule , corporations are allowed ...
... trade or business ( sec . 1231 property ) , the charita- ble deduction must be reduced by the amount of depreciation re- capture which would be recognized on sale of the donated property . Under a special rule , corporations are allowed ...
Page 15
... trade or business , is a partner in a partnership , is a beneficiary of an estate or trust , or is a shareholder in an electing small business corporation , the amount of the vocational education credit attributable to such trade , business ...
... trade or business , is a partner in a partnership , is a beneficiary of an estate or trust , or is a shareholder in an electing small business corporation , the amount of the vocational education credit attributable to such trade , business ...
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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