1983-84 Miscellaneous Tax Bills, II: Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, on S. 654, S. 738, S. 1147, S. 1194, and S. 1195, May 27, 1983U.S. Government Printing Office, 1983 - 387 pages |
From inside the book
Results 1-5 of 24
Page 4
... discount . The bill would exclude from gross income the amount of dis- charged mortgage indebtedness on an individual's principal resi- dence . The taxpayer's basis in the residence would be reduced by the excluded amount . The bill ...
... discount . The bill would exclude from gross income the amount of dis- charged mortgage indebtedness on an individual's principal resi- dence . The taxpayer's basis in the residence would be reduced by the excluded amount . The bill ...
Page 19
... discount to individuals who would prepay existing low-- interest mortgages on their personal residences . The taxpayer had borrowed from the financial institution in order to purchase a resi- dence from a third - party seller.1 The fair ...
... discount to individuals who would prepay existing low-- interest mortgages on their personal residences . The taxpayer had borrowed from the financial institution in order to purchase a resi- dence from a third - party seller.1 The fair ...
Page 25
... discounts on purchase of sewing machines by schools , where the court had found that the discounts were of- fered for the predominant purpose of enlarging the market for the manufacturer's brand of sewing machines ( Singer Co. v . U.S. ...
... discounts on purchase of sewing machines by schools , where the court had found that the discounts were of- fered for the predominant purpose of enlarging the market for the manufacturer's brand of sewing machines ( Singer Co. v . U.S. ...
Page 117
... discount if adequate safeguards against abuse can be devised . Background Under Code section 61 ( a ) ( 12 ) , a taxpayer - debtor generally realizes gross income when he satisfies his loan obligation at less than its face amount in an ...
... discount if adequate safeguards against abuse can be devised . Background Under Code section 61 ( a ) ( 12 ) , a taxpayer - debtor generally realizes gross income when he satisfies his loan obligation at less than its face amount in an ...
Page 118
... taxpayer can " cash out " the economic benefit of a low interest mortgage without incurring a current tax liability . For example , if the taxpayer prepays at a discount a purchase money mortgage provided by the seller of the property , ...
... taxpayer can " cash out " the economic benefit of a low interest mortgage without incurring a current tax liability . For example , if the taxpayer prepays at a discount a purchase money mortgage provided by the seller of the property , ...
Other editions - View all
Common terms and phrases
activities allocation American Electronics Association amount Apple Computer apply augmented deduction base period basic research bill Bob Packwood Chairman CHAPOTON charitable deduction Committee companies competitive computer software Congress contributions corporate cost Deere & Company discount donated economic effect electronics enacted encourage engineering expand faculty Federal Foreign Tax Credit funds high technology increase industry innovation institutions investment Kids Can't Wait legislation limitation loan M/A-COM manufacturers microcomputers million mortgage National ordinary income percent permanent personal computers problem programs R&D credit R&D expenditures R&D spending R&D tax credit recipient research and development Revenue rule scholarships scientific education scientific equipment secondary schools section 174 section 44F credit semiconductor Senator DANFORTH Subcommittee on Taxation sunset provision Tax Executives Institute taxable Taxation and Debt taxpayer teachers technical Tektronix tion transferred United very-large-scale integrated vocational education