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, 1977 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
Other editions - View all
Common terms and phrases
accrual method adjustments allocation amended by T.D. amount annuity contract annuity plan attributable base-year basis behalf beneficiaries benefits billing-month bond calendar cluded compensation computed corporation cost December 31 described in section determined disposition distribution election employee employee's example excess contribution fair market value filed graph gross income includible in gross installment Internal Revenue Code inventory January July 24 June justments liability LIFO meet the requirements ment method of accounting months option granted option price owner-employee paid paragraph payments pension percent ployee prepaid Present value prior profit-sharing purposes of section pursuant qualified stock option regulations requirements of section respect restricted stock option retirement revolving credit sale or exchange self-employed individual series E bond share of stock short period spect subdivision subpara subparagraph taxable income taxable years beginning taxpayer tion total unstated interest trade or business transfer treated trust
Popular passages
Page 6 - If under the trust instrument it is impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter) used for, or diverted to, purposes other than for the exclusive benefit of his employees or their beneficiaries...
Page 234 - If no method of accounting has been regularly used by the taxpayer, or if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income.
Page 102 - ... rights to or derived from such employer's contribution or such compensation are nonforfeitable at the time the contribution or compensation is paid.
Page 125 - Is a beneficiary under more than one trust, or a trust and an annuity plan. If there Is no plan but a method of employer contributions or compensation has the effect of a stock bonus, pension, profit-sharing, or annuity plan, or similar plan deferring the receipt of compensation, this paragraph shall apply as If there were such a plan.
Page 6 - Secretary or his delegate not to be discriminatory in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees; and (4) If the contributions or benefits provided under the plan do not discriminate In favor of employees who are officers, shareholders, persons whose principal duties consist In supervising the work of other employees, or highly compensated employees.
Page 22 - ... fixed number of years, the attainment of a stated age. or upon the prior occurrence of some event such as layoff, illness, disability, retirement, death, or severance of employment.
Page 35 - Commissioner not to be discriminatory in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees; and (4) if the contributions or benefits provided under the plan do not discriminate in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.
Page 13 - ... (2) if under the trust instrument it is Impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter...
Page 125 - Section 404(a) is not confined to formal stock bonus, pension, profitsharing, and annuity plans, or deferred compensation plans, but It Includes any method of contributions or compensation having the effect of a stock bonus, pension, profit-sharing. or annuity plan, or similar plan deferring the receipt of compensatIon.
Page 126 - SEC. 404. DEDUCTION FOR CONTRIBUTIONS OF AN EMPLOYER TO AN EMPLOYEES' TRUST OR ANNUITY PLAN AND COMPENSATION UNDER A DEFERRED-PAYMENT PLAN.