Miscellaneous Tax Bills: Hearing Before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means, House of Representatives, Ninety-eighth Congress, Second Session, October 3, 1984United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures U.S. Government Printing Office, 1985 - 329 pages |
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Page 14
... employee by or on behalf of his employer is excludable from the em- ployee's gross income if the meals are furnished ... meal period . The determination of whether a meal is furnished for the convenience of the employer is made by ...
... employee by or on behalf of his employer is excludable from the em- ployee's gross income if the meals are furnished ... meal period . The determination of whether a meal is furnished for the convenience of the employer is made by ...
Page 15
... meals are pro- vided primarily to enable the employee to preform his job . The ... employee take his meals on the business premises . Moreover , Congress has ... meal . Because Congress has just reviewed the taxation of fringe ben- efits ...
... meals are pro- vided primarily to enable the employee to preform his job . The ... employee take his meals on the business premises . Moreover , Congress has ... meal . Because Congress has just reviewed the taxation of fringe ben- efits ...
Page 129
... Employee meals per day ( 0.4 percent of work force ) 401,588 438,800 Average value of meal . $ 2.63 1 $ 3.36 Number of meals per employee year . 230 230 Value of meals per year ( thousands ) . $ 242,920 339,105 Total new business ...
... Employee meals per day ( 0.4 percent of work force ) 401,588 438,800 Average value of meal . $ 2.63 1 $ 3.36 Number of meals per employee year . 230 230 Value of meals per year ( thousands ) . $ 242,920 339,105 Total new business ...
Page 130
... employee meal . As a conservative approach 20 percent has been estimated in the assumptions for the United States . Average value of the employee meal is $ 2.63 . One - half paid by the employer and one - half by the employee . ( Source ...
... employee meal . As a conservative approach 20 percent has been estimated in the assumptions for the United States . Average value of the employee meal is $ 2.63 . One - half paid by the employer and one - half by the employee . ( Source ...
Page 131
... employee meal system will increase profits and create additional Federal income taxes paid by eating establishments ... employee meals per year Thousands $ 339,105 Total additional business produced in eating establishments ( 85 ...
... employee meal system will increase profits and create additional Federal income taxes paid by eating establishments ... employee meals per year Thousands $ 339,105 Total additional business produced in eating establishments ( 85 ...
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Common terms and phrases
activities additional agricultural allocated allowed amend Apache Corp apply assets bad debt benefits bill business development company business income tax capital Chairman STARK commercial Committee Congress construction workers corporation costs crops deduction deregulation donor list DUNCAN eating establishments effect employee meal system employment enactment exempt organizations farming syndicates Federal foodservice freight forwarders fruit funds income tax institutions interest Internal Revenue Code Internal Revenue Service investors jojoba oil lease bonus legislation limited partners limited partnership loan mailing list ment million Motor Carrier Act motor carriers mutual savings banks nonprofit oil and gas operating authorities operating rights percent plant production profit programs Recovery Tax Act regulations restaurant result royalty rules section 252 seed Senate Service stock savings banks Subcommittee tax shelter tax treatment tax-exempt taxpayers Thank tion travel expenses Treasury unrelated business income windfall profit tax
Popular passages
Page 253 - Unrelated Trade or Business, (a) General Rule. — The term "unrelated trade or business" means in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 71 - For purposes of this chapter, the term "agricultural labor" includes all service performed— (1) on a farm, in the employ of any person, in connection with cultivating the soil, or in connection with raising or harvesting any agricultural or horticultural commodity, including the raising, shearing, feeding, caring for, training, and management of livestock, bees, poultry, and fur-bearing animals and wildlife...
Page 24 - ... (1) Being a contractor for or an agent or employee of the limited partnership or of a general partner...
Page 300 - In determining the existence or nonexistence of such primary purpose, all the circumstances must be considered, including the size and extent of the trade or business and the size and extent of the activities which are in furtherance of one or more exempt purposes. An organization which is organized and operated for the primary purpose of carrying on an unrelated trade or business...
Page 300 - ... engage in business for the common benefit of the members, but only if the members thereof include (at the time of filing their returns) in their gross income their entire pro rata shares, whether distributed or not, of the net income of the association or corporation for such year.
Page 173 - States, and for other purposes, having considered the same, report favorably thereon with amendments and recommend that the bill as amended do pass. The amendments are as follows : Page 2.
Page 174 - ... or at any time within one year after such date, by the operation of any law or rule of law, refund or credit of such overpayment may, nevertheless, be made or allowed if claim therefor is filed within one year after such date.
Page 253 - unrelated business taxable income" is defined in section 512 (a) of the Code, with certain modifications, as the gross income derived by any organization from any unrelated trade or business regularly carried on by it, less allowable deductions directly connected with the carrying on of such trade or business.
Page 150 - To uphold and maintain the Constitution and the laws of the United States, to realize the true American ideals and aims for which those eligible to membership fought; to advance the interests and work for the betterment of all wounded, injured, and disabled American veterans; to cooperate with the United States Veterans...
Page 17 - ... that such amounts represent the tenant-stockholder's proportionate share of— (1) The real estate taxes allowable as a deduction to the corporation under section 164 which are paid or incurred by the corporation on the houses or apartment buildIng and on the land on which such houses (or building) are situated...