The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1969 - Administrative law 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
adjusted basis adjusted gross income allowed under section amended by T.D. amortization deduction amounts received annuity apply asset attributable beneficiary bond premium calendar carryback carryover charitable contribution có có có contract corporation cost credit earned December 31 deduction under section depreciation described in section determined dividends duction election employee erty excess excluded from gross exemptions expenditures expenses filed graph includible in gross income tax individual Internal Revenue Code January joint return June 30 lease lessee lessor ment method net operating loss operating loss paragraph payer payments percent period placed in service portion prop purchase purposes of section qualified investment regulations thereunder respect section 38 property section 72 spect spouse standard deduction Stat Statutory provisions subdivision subparagraph subsection taken into account tax imposed taxable income taxable year ending taxable years beginning taxpayer tion trade or business treated trust
Popular passages
Page 462 - ... 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 343 - ... visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.
Page 341 - ... (C) service performed by an individual under the age of 22 who is enrolled at a nonprofit or public educational institution which normally maintains a regular faculty and curriculum and normally has a regularly organized body of students in attendance at the place where its educational activities are carried on...
Page 140 - SEC. 61. Gross income defined — (a) General definition. Except as otherwise provided In this subtitle, gross Income means all Income from whatever source derived. Including (but not limited to) the following items: (1) Compensation for services, Including fees, commissions, and similar items...
Page 352 - ... Repairs. The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life, but keep it in an ordinarily efficient operating condition, may be deducted as...
Page 261 - If such transfer is to the insured, to a partner of the Insured, to a partnership in which the Insured is a partner, or to a corporation in which the Insured Is a shareholder or officer.
Page 349 - Rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity.
Page 330 - An Individual legally separated from his spouse under a decree of divorce or of separate maintenance shall not be considered as married.
Page 144 - farm " embraces the farm in the ordinarily accepted sense, and includes stock, dairy, poultry, fruit, and truck farms; also plantations, ranches, and all land used for farming operations. All individuals, partnerships, or corporations that cultivate, operate, or manage farms for gain or profit, either as. owners or tenants, are designated as farmers.
Page 561 - medical care" means amounts paid — (A) For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including amounts paid for accident or health insurance) , or (B) For transportation primarily for and essential to medical care referred to in subparagraph (A).