Internal Revenue Cumulative Bulletin, Issue 3, Volume 1Department of the Treasury, Internal Revenue Service, 1978 |
From inside the book
Results 1-5 of 91
Page xiii
... shareholders Sec . 342. Permitted shareholders of subchapter S corporations Sec . 343. Extension of period for making subchapter S elections Sec . 344. Effective date PART II - OTHER PROVISIONS Sec . 345. Small business corporation ...
... shareholders Sec . 342. Permitted shareholders of subchapter S corporations Sec . 343. Extension of period for making subchapter S elections Sec . 344. Effective date PART II - OTHER PROVISIONS Sec . 345. Small business corporation ...
Page xvi
... shareholders TITLE VII - TECHNICAL CORRECTIONS OF THE TAX REFORM ACT OF 1976 Sec . 701. Technical amendments to income tax provisions and administra- tive provisions 126 131 Sec . 702. Technical , clerical , and conforming amendment to ...
... shareholders TITLE VII - TECHNICAL CORRECTIONS OF THE TAX REFORM ACT OF 1976 Sec . 701. Technical amendments to income tax provisions and administra- tive provisions 126 131 Sec . 702. Technical , clerical , and conforming amendment to ...
Page 18
... shareholder owning more than 5 percent of the voting power or value of all classes of stock of the employer , " ( C ) highly compensated , or " ( D ) a spouse or dependent ( within the meaning of section 152 ) of an individual described ...
... shareholder owning more than 5 percent of the voting power or value of all classes of stock of the employer , " ( C ) highly compensated , or " ( D ) a spouse or dependent ( within the meaning of section 152 ) of an individual described ...
Page 31
... shareholder , " ( iii ) a self - employed individual , or " ( iv ) highly compensated . " ( B ) SPECIAL RULES . - For purposes of subparagraph ( A ) — " ( i ) there shall be excluded from consideration employees described in ...
... shareholder , " ( iii ) a self - employed individual , or " ( iv ) highly compensated . " ( B ) SPECIAL RULES . - For purposes of subparagraph ( A ) — " ( i ) there shall be excluded from consideration employees described in ...
Page 33
... shareholder , or owner - employee described in section 408 ( k ) ( 3 ) , the amount referred to in subparagraph ( B ) shall be reduced by the amount of tax taken into account with respect to such individual under subparagraph ( D ) of ...
... shareholder , or owner - employee described in section 408 ( k ) ( 3 ) , the amount referred to in subparagraph ( B ) shall be reduced by the amount of tax taken into account with respect to such individual under subparagraph ( D ) of ...
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Common terms and phrases
adjusted gross income alternative minimum tax amended by adding amended by striking amended to read apply to taxable assets basis beginning after December benefits cafeteria plan capital gains carryback committee believes contributions corporation decedent December 31 determined distribution earned income earned income credit Effective date EFFECTIVE DATE.-The amendments election eligible employee employment end thereof excess filing GSOC included income tax increase individual individual retirement account inserting in lieu Internal Revenue Code Internal Revenue Service investment credit itemized deductions lieu thereof limitation loss married couples method of accounting paid partnership payments period present law principal residence purposes qualified read as follows reduced refund relating Revenue effect Secretary Senate amendment shareholders subchapter subparagraph subsection tax credit tax imposed tax liability tax rate Tax Reform Act taxable income taxable years beginning taxable years ending taxpayer thereof the following tion trade or business TRASOP treated trust zero bracket amount
Popular passages
Page 413 - ... is used in a trade or business or for the production of Income.
Page 631 - Generally such relationship exists when the person for whom services are performed has the right to control and direct the individual who performs the services, not only as to the result to be accomplished by the work but also as to the details and means by which that result is accomplished.
Page 493 - ... new residence") is purchased and used by the taxpayer as his principal residence, gain (if any) from such sale shall be recognized only to the extent that the taxpayer's adjusted sales price (as defined in subsection (b) ) of the old residence exceeds the taxpayer's cost of purchasing the new residence.
Page 400 - In any calendar year, or (B) such employees as qualify under a classification set up by the employer and found by the Secretary...
Page 151 - INCOME. (a) GENERAL RULE. — In the case of an individual who has received earned income before the beginning of the taxable year, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the...
Page 138 - If — (1) a corporation adopts a plan of complete liquidation on or after June 22, 1954, and (2) within the 12-month period beginning on the date of the adoption of such plan, all of the assets of the corporation are distributed in complete liquidation, less assets retained to meet claims, then no gain or loss shall be recognized to such corporation from the sale or exchange by it of property within such 12-month period.
Page 25 - The common parent corporation owns directly stock possessing at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock of at least one of the other Includlble corporations. As used in this subsection, the term "stock" does not include nonvoting stock which is limited and preferred as to dividends. (3) The term "affiliated group...
Page 74 - ... if the rates for such furnishing or sale, as the case may be, have been established or approved by a State or political subdivision thereof, by an agency or instrumentality of the United States, or by a public service or public utility commission or other similar body of the District of Columbia or of any State or political subdivision thereof.
Page 80 - ... by such registered holding company, or partly by such registered holding company and partly by one or more majority-owned subsidiary companies...
Page iii - Rulings and procedures reported in the Bulletin do not have the force and effect of Treasury Department Regulations, but they may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court decisions, rulings, and procedures...