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, 1995 Special edition of the Federal Register, containing a codification of documents of general applicability and future effect ... with ancillaries. |
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Common terms and phrases
activity bond limit adjusted gross income aggregate aircraft alimony allocable amounts received Annual Lease Value apply arbitrage automobile beneficiary calendar ceived cluded combat zone compensation computed condition fringe contributions corporation cost December 31 deduction described in section determined election employee's escrow Example excludable from gross exempt expenses fair market value flight fringe benefit fund governmental unit graph gross income group-term life insurance includible in gross indebtedness individual interest Internal Revenue Code issue date issuer itemized deductions January June 30 line of business loan meals ment obligations payments percent period ployee portion present value prior issue private activity bond purposes of section pursuant qualified reasonable refunding issue reimbursement relating REMIC respect retirement special rules spect spouse standard deduction subdivision subparagraph substantial taxable taxpayer term term life insurance tion trade or business transfer treated vehicle vided yield
Popular passages
Page 272 - For purposes of paragraph (1), an individual shall be considered to be disabled if he is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of longcontinued and indefinite duration.
Page 272 - ... visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.
Page 45 - ... a substitute for rental payments. As to amounts received by a lessee for the cancellation of a lease, see section 1241 and the regulations thereunder. (c) Expenditures by lessee. As a general rule, if a lessee pays any of the expenses of his lessor such payments are additional rental Income of the lessor. If a lessee places improvements on real estate which constitute, in whole or in part, a substitute for rent, such improvements constitute rental income to the lessor. Whether or not improvements...
Page 414 - Except as otherwise provided in this section, amounts received by an employee through accident or health insurance for personal injuries or sickness shall be included in gross income to the extent such amounts (1) are attributable to contributions by the employer which were not includible in the gross income of the employee, or (2) are paid by the employer.
Page 330 - ... (1) LIFE INSURANCE. — Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC.
Page 413 - In any prior taxable year, amounts received through accident or health insurance or under workmen's compensation acts, as compensation for personal injuries or sickness, plus the amount of any damages received whether by suit or agreement on account of such injuries or sickness, and amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country; (6) Ministers.
Page 289 - ... trust described in section 401(a) which is exempt from tax under section 501(a) If the proceeds of such contract are payable directly or indirectly to a participant in such trust or to a beneficiary of such participant. The...
Page 464 - The obligations of a State, a Territory, or a possession of the United States, or any political subdivision of any of the foregoing, or of the District of Columbia...
Page 469 - The payments under such circumstances are in the nature of voluntary assessments upon, and represent an additional price paid for, the shares of stock held by the individual shareholders, and will be treated as an addition to and as a part of the operating capital of the company.
Page 563 - The determination of whether an Individual is married shall be made as of the close of his taxable year, unless his spouse dies during his taxable year, In which case such determination shall be made...