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 |
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Page 4
... income in the year of the discharge ( Code sec . 61 ( a ) ( 12 ) ) . However , if the debt was incurred in ... ordinary income to the extent of the excluded amount , i.e. , the amount of discharged mortgage indebtedness . The bill would ...
... income in the year of the discharge ( Code sec . 61 ( a ) ( 12 ) ) . However , if the debt was incurred in ... ordinary income to the extent of the excluded amount , i.e. , the amount of discharged mortgage indebtedness . The bill would ...
Page 18
... income is realized when indebtedness is for- given or in other ways cancelled ( Code sec . 61 ( a ) ( 12 ) ) . For ... ordinary course of business . If the taxpayer disposes of property.the basis of which has been reduced under these rules , ...
... income is realized when indebtedness is for- given or in other ways cancelled ( Code sec . 61 ( a ) ( 12 ) ) . For ... ordinary course of business . If the taxpayer disposes of property.the basis of which has been reduced under these rules , ...
Page 19
... ordinary income to the extent of the 10 - percent prepayment discount . The facts of the ruling did not involve bankruptcy , insolvency , or a qualified busi- ness indebtedness . Thus , the reduction of the taxpayer's liability produced ...
... ordinary income to the extent of the 10 - percent prepayment discount . The facts of the ruling did not involve bankruptcy , insolvency , or a qualified busi- ness indebtedness . Thus , the reduction of the taxpayer's liability produced ...
Page 21
... ordinary gain which the taxpayer would have realized had the property been sold for its fair market value at the date of the con- tribution ( Code sec . 170 ( e ) ) . Thus , a donor of inventory or other ordinary - income property ...
... ordinary gain which the taxpayer would have realized had the property been sold for its fair market value at the date of the con- tribution ( Code sec . 170 ( e ) ) . Thus , a donor of inventory or other ordinary - income property ...
Page 35
... ordinary course of its business in that taxable year . Also , while transfers of scientific or computer equipment ... income ( computed with certain modifications ) . Any amount of an augmented deduction exceeding this limitation could ...
... ordinary course of its business in that taxable year . Also , while transfers of scientific or computer equipment ... income ( computed with certain modifications ) . Any amount of an augmented deduction exceeding this limitation could ...
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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