Reports of the Tax Court of the United States, Volume 76U.S. Government Printing Office, 1981 - Taxation |
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Results 1-5 of 100
Page 85
... Federal income tax of $ 30,720 . The sole issue for decision is whether petitioner is entitled to an $ 80,003 intangible drilling expense deduction in 1973 . This case was submitted fully stipulated . Petitioner is a corporation ...
... Federal income tax of $ 30,720 . The sole issue for decision is whether petitioner is entitled to an $ 80,003 intangible drilling expense deduction in 1973 . This case was submitted fully stipulated . Petitioner is a corporation ...
Page 91
... Federal income tax for 1976. After a concession by the petitioners , the only issue to be decided is whether the investment credits which the petitioners received in prior years were subject to recapture in 1976 under section 47 of the ...
... Federal income tax for 1976. After a concession by the petitioners , the only issue to be decided is whether the investment credits which the petitioners received in prior years were subject to recapture in 1976 under section 47 of the ...
Page 101
... Federal income taxes . John Ranquet , for the petitioners . Thomas N. Tomashek , for the respondent . OPINION FEATHERSTON , Judge : Respondent determined deficiencies in the amounts of $ 126,912.94 and $ 79,609.48 in petitioners ' Federal ...
... Federal income taxes . John Ranquet , for the petitioners . Thomas N. Tomashek , for the respondent . OPINION FEATHERSTON , Judge : Respondent determined deficiencies in the amounts of $ 126,912.94 and $ 79,609.48 in petitioners ' Federal ...
Page 102
... Federal income taxation . This case was submitted fully stipulated . Petitioners Thomas E. Wynecoop ( hereinafter referred to as petitioner ) and Shirley Wynecoop , husband and wife , filed joint Federal income tax returns for 1975 and ...
... Federal income taxation . This case was submitted fully stipulated . Petitioners Thomas E. Wynecoop ( hereinafter referred to as petitioner ) and Shirley Wynecoop , husband and wife , filed joint Federal income tax returns for 1975 and ...
Page 103
... Federal Govern- ment and was held by the legal heirs of those original allottees.1 From the date of its formation through 1975 and 1976 , except for small amounts of interest income , Dawn's income was derived entirely from the sale of ...
... Federal Govern- ment and was held by the legal heirs of those original allottees.1 From the date of its formation through 1975 and 1976 , except for small amounts of interest income , Dawn's income was derived entirely from the sale of ...
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Common terms and phrases
5th Cir affd agreed agreement allocation allowed alumina amended amount apply assets beneficiaries Big Beef claim Club collateral estoppel Comalco compensation contract corporation cost decedent decedent's December 31 decision deduction depreciation distribution Dutch elm disease employees entitled expenses facts Federal income tax fees filed gross income held hockey Income Tax Regs income tax return incurred interest Internal Revenue Code Internal Revenue Service inventory investment issue lease LIFO limited partnership loss mailed McDonald's notice of deficiency operating opinion paid parties partners payment percent percentage depletion petition petitioner petitioner's Player prior production purchase purposes pursuant qualify reasonable received regulations Rept respect RESPONDENT Docket respondent's Seattle Totems shares South Devon cattle statute statutory notice stipulated supra T.C. Memo tax avoidance taxable taxpayer tion trade or business transaction transfer trust United USSD vehicle Western Hockey League
Popular passages
Page 282 - ... there shall be included in the gross income an amount which bears the same relation to the total compensation as the number of days of performance of the labor or services within the United States bears to the total number of days of performance of labor or services for which the payment is made.
Page 206 - ... (b) Regulations. The Commissioner, with the approval of the Secretary, shall prescribe such regulations as he may deem necessary in order that the tax liability of any affiliated group of corporations making a consolidated return and of each corporation in the group, both during and after the period of affiliation, may be...
Page 410 - Deductions for expenditures for medical care allowable under section 213 will be confined strictly to expenses incurred primarily for the prevention or alleviation of a physical or mental defect or illness.
Page 952 - ... means each separate Interest owned by the taxpayer In each mineral deposit in each separate tract or parcel of land.
Page 135 - ... in any trial, hearing, or other proceeding in or before any court, grand jury, department, officer, agency, regulatory body, legislative committee, or other authority of the United States, a State, or a political subdivision thereof if the disclosure of that information would be in violation of this chapter.
Page 78 - ... the stock owned, directly or indirectly, by or for his partner; (d) The family of an individual shall include only his brothers and sisters (whether by the whole or half blood), spouse, ancestors, and lineal descendants...
Page 436 - (a) REQUIREMENTS FOR QUALIFICATION. — A trust created or organized in the United States and forming part of a stock bonus, pension, or profit-sharing plan of an employer for the exclusive benefit of his employees or their beneficiaries...
Page 109 - Loss. —The gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized. (b) AMOUNT REALIZED. —The amount realized from the sale or other disposition of property shall be the sum of any money received plus the fair market value of the property (other than...
Page 78 - Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust shall be considered as being owned proportionately by its shareholders, partners, or beneficiaries.
Page 77 - Between members of a family, as defined in paragraph (2) (D); (B) Except in the case of distributions in liquidation, between an individual and a corporation more than 50 per centum in value of the outstanding stock of which is owned, directly or Indirectly, by or for such Individual...