Internal Revenue Bulletin: Cumulative bulletin, Part 1U.S. Government Printing Office, 1968 A consolidation of all items of a permanent nature published in the weekly Internal revenue bulletin, ISSN 0020-5761, as well as a cumulative list of announcements relating to decisions of the Tax Court. |
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Common terms and phrases
adjusted allocation amended amount applicable April 14 assets bank holding company basis benefits bonds calendar carryback closing agreement Code provides Commissioner computing contract contributions December 31 deduction deposit determined distribution district director dividends earnings and profits election employees exchange excise tax exempt from Federal Federal income tax filed foreign corporation funds gross income group exemption letter imposed by section Income Tax Regulations interest Internal Revenue Code Internal Revenue Service liquidation liquor bottles loss manufacturer meaning of section ment operating organization paid paragraph partnership payment percent period personal holding company purchased pursuant received Regulations provides relating respect Revenue Procedure Revenue Ruling section 38 property section 501 shareholders SUBCHAPTER subparagraph Subpart tax imposed tax purposes tax under section taxable income taxable years beginning taxpayer thereof tion trade or business transactions transfer Trinidad and Tobago United whisky
Popular passages
Page 296 - In the case of oil and gas wells the allowance for depletion under section 23 (m) shall be 27 y2 per centum of the gross Income from the property during the taxable year, excluding from such gross income an amount equal to any rents or royalties paid or Incurred by the taxpayer In respect of the property.
Page 570 - partnership" Includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture Is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; and the term "partner" includes a member In such a syndicate, group, pool, joint venture, or organization.
Page 19 - Except as provided in this subsection, the term "section 38 property" means — (A) tangible personal property, or (B) other tangible property (not including a building and Its structural components) but only if such property— (i) is used as an integral part of manufacturing, production, or extraction or of furnishing transportation, communications, electrical energy, gas, water, or sewage disposal services, or...
Page 93 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including amounts paid for accident or health insurance) , or (B) For transportation primarily for and essential to medical care referred to in subparagraph (A).
Page 153 - ... 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 531 - In the internal revenue district in which is located the legal residence or principal place of business of the person making the return, or (ii) At a service center serving the internal revenue district referred to in clause (1).
Page 259 - Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations of employees, the membership of which is limited to the employees of a designated person or persons in a particular municipality, and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes...
Page 438 - 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...
Page 467 - Automobile truck chassis, automobile truck bodies, automobile bus chassis, automobile bus bodies, truck and bus trailer and semitrailer chassis, truck and bus trailer and semitrailer bodies, tractors of the kind chiefly used for highway transportation in combination with a trailer or semitrailer...
Page 148 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock...