Codification of Internal Revenue Laws Submitted to ... by Its Staff: Published Pursuant to Section 1203(c), Revenue Act of 1926 |
From inside the book
Results 1-5 of 77
Page 389
... filing returns . 54. Records and special returns . 55. Publicity of returns . 56. Payment of tax . 57. Examination of return and determination of tax . 58. Additions to tax and penalties . 59. Administrative proceedings . 60. Cross ...
... filing returns . 54. Records and special returns . 55. Publicity of returns . 56. Payment of tax . 57. Examination of return and determination of tax . 58. Additions to tax and penalties . 59. Administrative proceedings . 60. Cross ...
Page 393
... filing of the return such loss has been claimed as a deduc- tion for estate tax purposes in the estate tax return . pertinent provisions of the instrument creating the trust , or , in the absence of such provisions , on the basis of the ...
... filing of the return such loss has been claimed as a deduc- tion for estate tax purposes in the estate tax return . pertinent provisions of the instrument creating the trust , or , in the absence of such provisions , on the basis of the ...
Page 396
... filed with the commissioner , at such time as he may by regu- lation prescribe , a bond in such amount and with such sureties as he may deem necessary , conditioned upon the return as income , by the person receiving any payment on such ...
... filed with the commissioner , at such time as he may by regu- lation prescribe , a bond in such amount and with such sureties as he may deem necessary , conditioned upon the return as income , by the person receiving any payment on such ...
Page 397
... filing returns- ( a ) Time for filing.- ( 1 ) General rule . - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year . Re- turns made on the basis of a ...
... filing returns- ( a ) Time for filing.- ( 1 ) General rule . - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year . Re- turns made on the basis of a ...
Page 398
... filed the Commis- sioner shall examine it and shall determine the correct amount of the tax . ( June 6 , 1932 , c . 209 , § 57 , 47 Stat . 190. ) Sec . 58. Additions to tax and penalties .- ( a ) For additions to the tax in case of ...
... filed the Commis- sioner shall examine it and shall determine the correct amount of the tax . ( June 6 , 1932 , c . 209 , § 57 , 47 Stat . 190. ) Sec . 58. Additions to tax and penalties .- ( a ) For additions to the tax in case of ...
Common terms and phrases
20 Stat 39 Stat 44 Stat affixed agents allowed amended by Feb amended by Mar amount applicable approval assessment Board bonded warehouse centum in addition chapter cigars or cigarettes collected corporation court dealer decedent deduction deficiency deputy collector distilled spirits distraint district duties of Commissioner excess exempt export fermented fiduciary filed fined not less forfeiture gallons gift tax gifts gross income internal revenue laws July 13 July 20 June 13 June 30 liability liquor malt liquors manufacturer ment months net estates net income notice and demand officer oleomargarine paid payment penalty person powers and duties provided in section purpose refund removed required by law respect Revenue Act Secretary sold special tax stamps storekeeper-gauger subchapter subsection Superseded by U. S. C. tax imposed taxable taxpayer thereof tion Title 26 transfer of powers United United States Code white phosphorus wines
Popular passages
Page 389 - ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity.
Page 388 - Gross Income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property ; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income...
Page 398 - If an exchange would be within the provisions of subsection (b) (1), (2), (3), or (5) of this section if it were not for the fact that the property received in exchange consists not only of property permitted by such paragraph to be received without the recognition of gain, but also of other property or money...
Page 433 - The tax shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible; but, in the case of a nonresident not a citizen of the United States, shall apply to a transfer only if the property is situated within the United States.
Page 398 - ... a transfer by a corporation of all or a part of Its assets to another corporation If immediately after the transfer the transferor or Its stockholders or both are in control of the corporation to which the assets are transferred, or (C) a recapitalization, or (D) a mere change In Identity, for. or place of organization, however effected. (2) The term "a party to a reorganization...
Page 426 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death...
Page 394 - ... it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 485 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 389 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Page 404 - States as provided in subsection (a) (2) of this section; (3) Compensation for labor or personal services performed without the United States; (4) Rentals or royalties from property located without the United States or from any interest in such property including rentals or royalties for the use of or for the privilege of using without the United States...