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acquired activity addition adjusted allocated allowed amount annual apply arrangement assets attributable basis beginning believed benefits capital cash Code compensation computing Congress considered contract contributions corporation costs coverage debt December 31 deduction deferrals defined described determined distribution dividends earnings effective election eligible employee ending example exceed exception excess excludable expenses extent Finance foreign gain gross held House income increase incurred individual intended interest investment January less liability limit loan loss meaning ment method million minimum tax obligations operating ownership paid participant partnership passive payments percent percentage period permitted portion present prior law purchase qualified Reasons received reduced reflects regard regular regulations relating reported respect result rules satisfy securities separate shareholders substantial tax credit taxable taxable income taxpayer tion Treasury treated treatment unit
Page xi - Extensive hearings followed before the House Committee on Ways and Means, and the Senate Committee on Finance.
Page 126 - The term includes generally all such costs incident to the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned.
Page 242 - Generally, services are considered rendered to the occupant if they are primarily for his convenience and are other than those usually or customarily rendered in connection with the rental of rooms or other space for occupancy only.
Page 486 - The basis of such section 38 property in the hands of the transferee is determined In whole or in part by reference to the basis of such section 38 property in the hands of the transferor.
Page 33 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 43 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including...
Page 252 - The factors so set forth in the regulations may include among other factors: (1) Whether there is a written unconditional promise to pay on demand or on a specified date a sum certain in money in return for an adequate consideration in money or money's worth, and to pay a fixed rate of interest, (2) Whether there is subordination to or preference over any indebtedness of the corporation, (3) The...
Page 397 - 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 287 - ... the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Federal Home Loan Bank Board, the Federal Savings and Loan Insurance Corporation, or the National Credit Union Administration. (8) The term "National Institute of Building Sciences" means the institute established by section 809 of the Housing and Community Development Act of 1974.