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
accumulation distribution adjusted basis allocable annuity apply attorney-in-fact attributable beneficiary capital assets capital gains capital loss carryback company taxable income computed contracts corpus decedent December 31 defined in section depreciation described in section distributable net income distributive share dividends to policyholders duction estate or trust estate tax estates and trusts exceeds excess expenses gain or loss grantor graph gross income imposed by section included income in respect insurance company taxable insurance reserves Internal Revenue Code investment yield loss deduction loss from operations ment mutual insurance mutual insurance company nership operations loss ordinary income paid pany paragraph partner partnership property payment percent portion preceding taxable premiums provided in section provisions of section reinsured sale or exchange section 642 section 751 section 809 Statutory provisions subchapter subparagraph subpart taken into account tax imposed taxable investment income taxable year 1959 taxable years beginning term tion treated tributed trust instrument unused loss
Popular passages
Page 368 - Budget IV Civil Service Commission (Equal Employment Opportunity;)] V International Organizations Employees Loyalty Board VI Department of Defense VII Advisory Commission on Intergovernmental Relations VIII National Capital Transportation Agency IX Appalachian Regional Commission X National Capital Housing Authority XI United States Soldiers' Home XII District of Columbia Redevelopment Land Agency XIII National Commission on Product Safety Title 6 — [Reserved!
Page 15 - Income, without limitation, which pursuant to the terms of the governing Instrument is, during the taxable year, paid or permanently set aside for a purpose specified In section 170 (c), or Is to be used exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals, or for the establishment, acquisition, maintenance or operation of a public cemetery not operated for profit.
Page 359 - gross income" means the sum of — (A) the combined gross amount earned during the taxable year, from investment income and from underwriting income as provided in this subsection, computed on the basis of the underwriting and investment exhibit of the annual statement approved by the National Convention of Insurance Commissioners...
Page 381 - Wage and Hour Division Labor-Management and Welfare-Pension Reports, Office of Labor Standards, Bureau of Land Management, Bureau of Library of Congress Copyright Office Maritime Administration Maritime Administrator, Office of National Shipping Authority Mines, Bureau of Monetary...
Page 93 - ... such creator or person 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 116 - The character of any item of income, gain, loss, deduction, or credit included in a partner's distributive share under paragraphs (1) through (8) of subsection (a) shall be determined as if such item were realized directly from the source from which realized by the partnership, or incurred in the same manner as incurred by the partnership.
Page 100 - The estate of the decedent, if the right to receive the amount is acquired by the decedent's estate from the decedent; (B) The person who, by reason of the death of the decedent, acquires the right to receive the amount, if the right to receive the amount is not acquired by the decedent's estate from the decedent; or (C) The person who acquires from the decedent the right to receive the amount by bequest, devise, or inheritance, if the amount is received after a distribution by the decedent's estate...
Page 125 - In the case of any partnership interest created by gift, the distributive share of the donee under the partnership agreement shall be includible in his gross income, except to the extent that such share is determined without allowance of reasonable compensation for services rendered to the partnership by the donor, and except to the extent that the portion of such share attributable to donated capital is proportionately greater than the share of the donor attributable to the donor's capital.
Page 207 - Life insurance companies issuing policies covering life, health, and accident insurance combined in one policy issued on the weekly premium payment plan, continuing for life and not subject to cancellation...
Page 189 - For purposes of this part, the term "life insurance reserves" means amounts — (A) which are computed or estimated on the basis of recognized mortality or morbidity tables and assumed rates of interest, and (B) which are set aside to mature or liquidate, either by payment or reinsurance, future unaccrued claims arising from life insurance, annuity, and noncancellable health and accident insurance contracts (including life insurance or annuity contracts combined with noncancellable health and accident...