Description of Tax Bills (S. 1600, S. 1579, S. 108, S. 1464, and S. 1549: Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on August 1, 1983U.S. Government Printing Office, 1983 - 21 pages |
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Results 6-10 of 12
Page 9
... present law would con- tinue to be so treated . Effective Date The bill would apply to dispositions of indexed assets after De- cember 31 , 1983 . Prior Congressional Action In 1978 , the House passed a provision similar to the bill as ...
... present law would con- tinue to be so treated . Effective Date The bill would apply to dispositions of indexed assets after De- cember 31 , 1983 . Prior Congressional Action In 1978 , the House passed a provision similar to the bill as ...
Page 10
... Present Law Individual taxpayers who itemize their deductions may deduct charitable contributions made to qualified organizations , subject to certain limitations ( Code sec . 170 ( a ) ) . Individuals who do not itemize deductions may ...
... Present Law Individual taxpayers who itemize their deductions may deduct charitable contributions made to qualified organizations , subject to certain limitations ( Code sec . 170 ( a ) ) . Individuals who do not itemize deductions may ...
Page 12
... Present Law In general , the amount of charitable deduction otherwise allow- able for donated property must be reduced by the amount of any ordinary gain which the taxpayer would have realized had the property been sold for its fair ...
... Present Law In general , the amount of charitable deduction otherwise allow- able for donated property must be reduced by the amount of any ordinary gain which the taxpayer would have realized had the property been sold for its fair ...
Page 14
... Present Law In general , employers may deduct as an ordinary and necessary business expense a reasonable allowance for salaries or other com- pensation for personal services actually rendered ( sec . 162 ) . Thus , a manufacturer ...
... Present Law In general , employers may deduct as an ordinary and necessary business expense a reasonable allowance for salaries or other com- pensation for personal services actually rendered ( sec . 162 ) . Thus , a manufacturer ...
Page 17
... Present Law The Tax Reform Act of 1969 imposed an excise tax on the excess business holdings of a private foundation ( Code sec . 4943 ) . General- ly , under the excess business holdings provision , the combined own- ership of a ...
... Present Law The Tax Reform Act of 1969 imposed an excise tax on the excess business holdings of a private foundation ( Code sec . 4943 ) . General- ly , under the excess business holdings provision , the combined own- ership of a ...
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Common terms and phrases
accredited acquisition adjusted basis allocation amount Armstrong assets held augmented charitable deduction beginning after 1982 bill would apply bill would provide business expense Business Holdings Provision capital asset capital gain cents a mile charitable organization Code sec Colorado Springs consumer price index corporations Date The provisions Debt-financed property December 31 deduct reasonable disposition divestiture requirements donated property education course taught Effective Date excess business holdings exempt trust Explanation of Provision fair market value gain or loss gas properties gross national product indexed assets individual retirement account inflation adjustment inflation occurring institution of higher instructor temporarily employed interest investment ISIP justment limited partner limited partnership oil and gas ordinary income passenger automobile physical or biological Pomar Foundation postsecondary vocational education present law private foundation real property special rule tax-qualified pension taxpayer may deduct tion trade or business unrelated business income unrelated trade vocational education courses vocational education instruction vocational education programs