Reports of the United States Tax Court, Volume 71The Court, 1979 - Taxation |
From inside the book
Results 1-5 of 100
Page 43
... trade or business which derives at * In this respect , sec . 4942 may be viewed as the successor to sec . 504 ( a ) ( 1 ) . Sec . 504 was repealed by sec . 101 ( j ) ( 15 ) , Tax Reform Act of 1969 , 83 Stat . 527 . " The subsequent ...
... trade or business which derives at * In this respect , sec . 4942 may be viewed as the successor to sec . 504 ( a ) ( 1 ) . Sec . 504 was repealed by sec . 101 ( j ) ( 15 ) , Tax Reform Act of 1969 , 83 Stat . 527 . " The subsequent ...
Page 44
... trade or other property of a kind which would properly be includible in inventory if on hand at the close of the taxable year , or ( B ) property held primarily for sale to customers in the ordinary course of the trade or business ...
... trade or other property of a kind which would properly be includible in inventory if on hand at the close of the taxable year , or ( B ) property held primarily for sale to customers in the ordinary course of the trade or business ...
Page 60
... trade or business . Following the exchange , the partners held the property received for productive use in a trade or business or for investment . The partnership's basis in the Glen Oaks Golf Club property was $ 26,018 on the date of ...
... trade or business . Following the exchange , the partners held the property received for productive use in a trade or business or for investment . The partnership's basis in the Glen Oaks Golf Club property was $ 26,018 on the date of ...
Page 62
... trade or business or for investment . The Kochs had a basis in the Chautauqua Subdivision in the amount of $ 3,487 on the date of the exchange . They did not report any gain attributable to the 1974 exchange on their joint Federal ...
... trade or business or for investment . The Kochs had a basis in the Chautauqua Subdivision in the amount of $ 3,487 on the date of the exchange . They did not report any gain attributable to the 1974 exchange on their joint Federal ...
Page 63
... trade or business or for investment is exchanged solely for property of a like * * kind to be held either for productive use in trade or business or for investment . Petitioners contend that the long - term leases on the property which ...
... trade or business or for investment is exchanged solely for property of a like * * kind to be held either for productive use in trade or business or for investment . Petitioners contend that the long - term leases on the property which ...
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5th Cir acquired affd agreement amended amount application argues assets basis benefit capital carryback cash charitable claimed contends corporation decedent decedent's December December 31 decision deduction distribution dividend earnings easements employee entitled estate tax exchange exempt purposes exercise expenses facts fair market value Federal income tax filed fiscal gift tax gross estate gross income guidelines held included Income Tax Regs income tax return interest Internal Revenue Code Internal Revenue Service inventory investment issue lease liabilities LNG facility loss marital deduction Mattel Nashville Gas notice of deficiency operated opinion option organization paid parties partnership payments percent petition petitioner petitioner's prior purchase pursuant qualified reasonable received regulations Rept respect Respondent determined RESPONDENT Docket respondent's rule against perpetuities Scotten shareholders shares Shawnee Shorewood sold statute stipulated supra taxable income taxpayer Tennessee Natural trade or business 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...