The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1972 - 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 attributable beneficiary capital assets capital gains capital loss carryback carryover charitable company taxable income contracts corpus credited decedent December 31 defined in section depreciation described in section distributable net income distributive share duction estate or trust estate tax estates and trusts exceeds excess expenses fair market value foreign trust created gain or loss grantor graph gross income imposed by section included 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 paragraph partner partnership property payment percent portion preceding taxable premiums provided in section provisions of section reinsured sale or exchange section 642 section 809 Statutory provisions subchapter subparagraph subpart taken into account tax imposed tax-exempt interest taxable investment income taxable years beginning term tion treated tributed trust instrument U.S. person undistributed unused loss
Popular passages
Page 421 - Army Department Civil Defense, Office of Engineers, Corps of Arts and the Humanities, National Foundation on the Atomic Energy Commission Federal Procurement Regulations System Federal Property Management Regulations System Automotive Agreement Adjustment Assistance Board Blind-Made Products, Committee on Purchases of Budget, Office of Management and...
Page 259 - ... (2) General rule. — If, during the taxable year, the recognized gains upon sales or exchanges of property used in the trade or business, plus the recognized gains from the compulsory or involuntary conversion (as a result of destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation or the threat or imminence thereof...
Page 411 - 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 420 - III International Regulatory Agencies (Fishing and Whaling) IV Fish and Wildlife Service, Department of the Interior Alphabetical List of CFR Subtitles and Chapters Administrative Committee of the Federal Register Advisory Commission on Intergovernmental Relations Agency for International Development Federal Procurement Regulations System Aging, Administration on Agricultural Research Service Agricultural Stabilization and Conservation Service Agriculture Department Agricultural Research Service...
Page 134 - ... 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 166 - 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 330 - ... as the number of months in the taxable year during which the security was owned by the life insurance company bears to the number of months between the date of acquisition of the security and its maturity or earlier call date, determined in accordance with this section. For purposes of this section, a fractional part of a month shall be disregarded unless it amounts to more than half a month, in which case it shall be considered a month.
Page 129 - ... whom the grantor is legally obligated to support or maintaIn, except to the extent that such income is so applied or distributed. in cases where the amounts so applied or distributed are paid out of corpus or out of other than income for the taxable year, such amounts shall be considered to be an amount paid or credited withIn the meanIng of paragraph (2) of section 661 (a) and shall be taxed to the grantor under section 662.
Page 14 - ... (3) Income received by estates of deceased persons during the period of administration or settlement of the estate; and (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated.
Page 296 - ... loss year") shall be carried to the earliest of the taxable years to which (by reason of paragraph (1)) such loss may be carried. The portion of such loss which shall be carried to each of the other taxable years shall be the excess, if any, of the amount of such loss over the sum of the taxable income for each of the prior taxable years to which such loss may be carried.