Reports of the United States Tax Court, Volume 71 |
From inside the book
Results 1-5 of 100
Page 7
Only the note dated December 2 , 1959 , upon which the claim for $ 215 , 788 .
92 was based , does not reflect the partnership as a borrower . It was signed by
the decedent in his individual capacity , not as a general partner of the
partnership .
Only the note dated December 2 , 1959 , upon which the claim for $ 215 , 788 .
92 was based , does not reflect the partnership as a borrower . It was signed by
the decedent in his individual capacity , not as a general partner of the
partnership .
Page 41
334 2 , 708 9 , 929 30 , 979 Both Ralph and Ruth had acquired the contributed
shares before December 31 , 1969 . The 334 shares of Kerr McGee Corp .
acquired from Ralph and Ruth were sold by petitioner in part on December 4 ,
1973 ...
334 2 , 708 9 , 929 30 , 979 Both Ralph and Ruth had acquired the contributed
shares before December 31 , 1969 . The 334 shares of Kerr McGee Corp .
acquired from Ralph and Ruth were sold by petitioner in part on December 4 ,
1973 ...
Page 42
... from the sale or other disposition of such property is taken into account for
purposes of such tax ) . ( B ) The basis for determining gain in the case of
property held by the private foundation on December 31 , 1969 , and
continuously thereafter ...
... from the sale or other disposition of such property is taken into account for
purposes of such tax ) . ( B ) The basis for determining gain in the case of
property held by the private foundation on December 31 , 1969 , and
continuously thereafter ...
Page 46
Paragraph ( 4 ) of section 506 ( b ) provides under subparagraph ( A ) that in
determining net capital gain or loss the basis of property held by the private
foundation on December 31 , 1969 , and continuously thereafter to date of
disposition is ...
Paragraph ( 4 ) of section 506 ( b ) provides under subparagraph ( A ) that in
determining net capital gain or loss the basis of property held by the private
foundation on December 31 , 1969 , and continuously thereafter to date of
disposition is ...
Page 48
In computing capital gains and losses , the basis for determining gain of property
held by the foundation on December 31 , 1969 ( and continuously thereafter to
the date of its disposition ) is not less than the fair market value on that date .
In computing capital gains and losses , the basis for determining gain of property
held by the foundation on December 31 , 1969 ( and continuously thereafter to
the date of its disposition ) is not less than the fair market value on that date .
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Common terms and phrases
acquired activities addition agree agreement allowed amount application argues assets basis benefit capital charitable claimed Code Commissioner considered contract contributions corporation cost Court decedent decedent's December decision deduction deficiency determined distribution dividend earnings easements educational effect employee ending entitled exchange exempt exercise expenses facts Federal filed funds further gain gift gross held holding hospital included Income Tax Income Tax Regs individual interest Internal Revenue Internal Revenue Code inventory investment issue lease liabilities limited loss meaning Natural operated opinion organization paid parties partnership payments percent period petitioner petitioner's prior purchase qualified reasonable received record reference regulations respect respondent respondent's result rule securities shareholders shares sold statute substantial supra taxable taxpayer term trade transaction transfer trust United
Popular passages
Page 121 - ... organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation, and which does not participate in, or intervene in (including the publishing or...
Page 429 - ... a transfer by a corporation of all or a part of its assets to another corporation if immediately after the transfer the transferor or its stockholders or both are in control of the corporation to which the assets are transferred, or (C) a recapitalization, or (D) a mere change in identity, form, or place of organization, however effected. (2) The term "a party to a reorganization...
Page 308 - BASIS. (a) DEALERS IN PERSONAL PROPERTY. — Under regulations prescribed by the Commissioner with the approval of the Secretary, a person who regularly sells or otherwise disposes of personal property on the installment plan may return as income therefrom in any taxable year that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 112 - If, on a motion asserting the defense numbered (6) to dismiss for failure of the pleading to state a claim upon which relief can be granted, matters outside the pleading are presented to and not excluded by the court, the motion shall be treated as one for summary judgment and disposed of as provided in Rule 56, and all parties shall be given reasonable opportunity to present all material made pertinent to such a motion by Rule 56.
Page 262 - It is a familiar rule that a thing may be within the letter of the statute and yet not within the statute, because not within its spirit, nor within the intention of its makers.
Page 734 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock...
Page 557 - A husband and wife cannot, by any contract with each other, alter their legal relations, except as to property, and except that they may agree, in writing, to an immediate separation, and may make provision for the support of either of them and of their children during such separation.
Page 144 - The value of the gross estate shall include the value of all property to the extent of the interest therein of the decedent at the time of his death.
Page 462 - (a) GENERAL RULE. — In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of — "(1) the qualified energy conservation expenditures, plus " (2) the qualified renewable energy source expenditures, "(b) QUALIFIED EXPENDITURES.
Page 63 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale, nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind...
Bibliographic information
| Title | Reports of the United States Tax Court, Volume 71 |
| Author | United States. Tax Court |
| Publisher | The Court, 1979 |
| Original from | the University of Michigan |
| Digitized | 9 May 2007 |
| Export Citation | BiBTeX EndNote RefMan |