Reports of the Tax Court of the United States, Volume 51U.S. Government Printing Office, 1969 - Law reports, digests, etc Final issue of each volume includes table of cases reported in the volume. |
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Results 1-5 of 100
Page 1
... Held , the $ 5,000 credit against the judgment consti- tuted a " payment " as described in the second sentence of sec . 71 ( b ) , I.R.C. 1954 , 1 which reduced the amount of child support remaining unpaid in 1963 ; held , further , the ...
... Held , the $ 5,000 credit against the judgment consti- tuted a " payment " as described in the second sentence of sec . 71 ( b ) , I.R.C. 1954 , 1 which reduced the amount of child support remaining unpaid in 1963 ; held , further , the ...
Page 7
... Held , under the Cohan rule , petitioner incurred business expenses of $ 1,700 ; held , further , petitioner is not an outside salesman and his business expenses must be deducted from adjusted gross income in computing taxable income ...
... Held , under the Cohan rule , petitioner incurred business expenses of $ 1,700 ; held , further , petitioner is not an outside salesman and his business expenses must be deducted from adjusted gross income in computing taxable income ...
Page 20
... Held , that each trust declaration created two separate trusts under sec . 641 , I.R.C. 1954 . 2. Held , further , that grantors created 20 rather than 2 trusts principally for tax - avoidance reasons . 3. Held , further , that each of ...
... Held , that each trust declaration created two separate trusts under sec . 641 , I.R.C. 1954 . 2. Held , further , that grantors created 20 rather than 2 trusts principally for tax - avoidance reasons . 3. Held , further , that each of ...
Page 30
... held interests . Hollypark Crenshaw Co. was a partnership in which B. B. Hayden and S. Charles Lee held interests . Neither B. R. Morris nor E. K. Zuckerman had an interest in Hollypark Crenshaw Co. Hollypark 135th Street Co. was a ...
... held interests . Hollypark Crenshaw Co. was a partnership in which B. B. Hayden and S. Charles Lee held interests . Neither B. R. Morris nor E. K. Zuckerman had an interest in Hollypark Crenshaw Co. Hollypark 135th Street Co. was a ...
Page 35
... held in trust , " nor sec . 641 ( b ) , quoted in fn . 9 , infra , nor any other section of the Code gives any direct guidance as to whether income from " property held in trust " for more than one person under a single instrument is to ...
... held in trust , " nor sec . 641 ( b ) , quoted in fn . 9 , infra , nor any other section of the Code gives any direct guidance as to whether income from " property held in trust " for more than one person under a single instrument is to ...
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Common terms and phrases
agreement allowed amount apply assets bank basis beneficiaries bromine capital certiorari claimed community property computed contends contract corporation cost Court decedent decedent's December December 31 deduction depreciation disallowed distribution district director Dorman Mills earnings employees entitled Estelle Morris expenditures expenses Federal income tax filed gift gift tax gross income held hereinafter Income Tax Regs income tax returns interest Internal Revenue Code Internal Revenue Service issue Itmann lease liability loan loss magnesium hydroxide ment notice of deficiency Nutrilite Oak Park operating paid Panfield parties partnership payment percent period peti petition petitioner petitioner's Pocahontas premiums prior profits purchase purpose received referred regulations renegotiable rental respect Respondent determined RESPONDENT Docket respondent's Settlor shares statutory stipulated supra Suzanne McConnell taxable income taxpayer Temco Throndson tion tioner trade or business transaction transfer trust wife
Popular passages
Page 368 - For purposes of the tax Imposed by section 2001, the value of the taxable estate shall be determined by deducting from the value of the gross estate...
Page 112 - 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...
Page 166 - There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — ( 1 ) Of property used In the trade or business, or (2) Of property held for the production of Income.
Page 570 - An organization operated for the primary purpose of carrying on a trade or business for profit...
Page 630 - Any amount received — (A) As a scholarship at an educational institution...
Page 186 - The tax shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible...
Page 470 - One year after the close of the first taxable year in which any part of the gain upon the conversion Is realized...
Page 752 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 652 - If, however, an intangible asset acquired through capital outlay is known from experience to be of value in the business or in the production of income for only a limited period, the length of which can be estimated from experience with reasonable certainty, such intangible asset may be the subject of a depreciation allowance, provided the facts are fully shown in the return or prior thereto to the satisfaction of the Commissioner.
Page 281 - To constitute a bona fide sale for an adequate and full consideration in money or money's worth, the transfer must have been made in good faith, and the price must have been an adequate and full equivalent reducible to a money value.