The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1995 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
adjustment affiliated group allocated amended amount apply assets attributable calendar capital gain capital loss carryback certificate Christian Science practitioner common parent component member computed consolidated net operating consolidated return consolidated taxable income controlled group December 31 deduction described in section determined distribution district director dividends dual consolidated loss dual resident corporation duction earnings and profits Example exemption file a consolidated foreign corporation graph gross income income tax income tax return Internal Revenue Internal Revenue Code Internal Revenue Service loss carryover ment nonresident alien operating loss overall foreign loss P's basis paragraph a)(1 partnership payment percent person poration preferred stock purposes pursuant quired related party reporting corporation respect rules S's stock self-employment separate return Service spect spouse statement subparagraph subsidiary taken into account tax liability taxable year ending taxable years beginning taxpayer tion trade or business transfer transferor treated U.S. real property
Popular passages
Page 578 - To constitute receipt in such a case the income must be credited or set apart to the taxpayer without any substantial limitation or restriction as to the time or manner of payment or condition upon which payment is to be made, and must be made available to him so that it may be drawn at any time, and its receipt brought within his own control and disposition.
Page 156 - If before the transfer it has been established to the satisfaction of the Commissioner that the transfer is not in pursuance of a plan having as one of its principal purposes the avoidance of Federal income taxes.
Page 18 - NET EARNINGS FROM SELF-EMPLOYMENT. — The term "net earnings from self-employment" means the gross income derived by an individual from any trade or business carried on by such individual, less the deductions allowed by...
Page 53 - Service performed by a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry or by a member of a religious order in the exercise of duties required by such order...
Page 67 - March 4, 1964, to a nonresident alien individual who is temporarily present in the United States as a nonimmigrant under subparagraph (F) or (J) of section 101(a)(15) of the Immigration and Nationality Act, as amended...
Page 445 - Stock owned, directly or indirectly, by or for any portion of a trust of which a person Is considered the owner under subpart E...
Page 455 - Returns (other than corporation returns) shall be made to the Secretary or his delegate in the internal revenue district in which is located the legal residence or principal place of business of the person making the return...
Page 442 - ... through the ownership, directly or Indirectly, of 50 percent or more of the total combined voting power of all classes of stock entitled to vote or 50 percent or more of the total value of shares of all classes of stock of the corporation.
Page 43 - Service performed by a minister in the control, conduct, and maintenance of a religious organization relates to directing, managing, or promoting the activities of such organization.
Page 433 - ... (B) the common parent corporation owns (within the meaning of subsection (d) (1)) stock possessing at least 80 percent of the total combined voting power of all classes of stock...