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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Page 27
... allowed by local law . However , the tax - exempt status of the trust will be forfeited if the invest- ments made by the trustees constitute " prohibited transactions " within the meaning of section 503. See section 503 and the ...
... allowed by local law . However , the tax - exempt status of the trust will be forfeited if the invest- ments made by the trustees constitute " prohibited transactions " within the meaning of section 503. See section 503 and the ...
Page 29
... allowed under section 501 on the ground that all the profits of such organization are payable to one or more organizations exempt from tax- ation under section 501. For the pur- pose of this rule , the term " trade or business " does ...
... allowed under section 501 on the ground that all the profits of such organization are payable to one or more organizations exempt from tax- ation under section 501. For the pur- pose of this rule , the term " trade or business " does ...
Page 35
... allowed as a deduc- tion if made to an organization described in section 501 ( c ) ( 3 ) which , in the taxable year of the organization in which the gift or bequest is made , is not exempt under sec- tion 501 ( a ) by reason of this ...
... allowed as a deduc- tion if made to an organization described in section 501 ( c ) ( 3 ) which , in the taxable year of the organization in which the gift or bequest is made , is not exempt under sec- tion 501 ( a ) by reason of this ...
Page 47
... allowed in computing unrelated business taxable income . § 1.511-2 Organizations subject to tax . ( a ) ( 1 ) The taxes imposed by section 511 ( a ) ( 1 ) apply in the case of any or- ganization ( other than a church , a con- vention or ...
... allowed in computing unrelated business taxable income . § 1.511-2 Organizations subject to tax . ( a ) ( 1 ) The taxes imposed by section 511 ( a ) ( 1 ) apply in the case of any or- ganization ( other than a church , a con- vention or ...
Page 49
... allowed by this chapter which are directly connected with the carrying on of such trade or business , both computed with the exceptions , addi- tions , and limitations provided in subsection ( b ) . In the case of an organization de ...
... allowed by this chapter which are directly connected with the carrying on of such trade or business , both computed with the exceptions , addi- tions , and limitations provided in subsection ( b ) . In the case of an organization de ...
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Common terms and phrases
accumulated earnings acquired adjusted basis allocated allowed amended by T.D. amount apply bad debts beginning after December benefits business lease cluded common trust fund computed corporation cost December 31 defined in section dends depletion described in section determined distribution duction earnings and profits election under section eral erty example expenditures fair market value Federal filed foreign personal holding graph gross income holding company income included income tax indebtedness Internal Revenue Code losses on qualifying ment mineral property mining operating mineral interests operating unit paragraph payer payment percent personal holding company portion prior provided in section purposes qualifying real property real property loans relating reserve for losses respect royalties section 501 separate operating mineral separate property shareholder spect Statutory provisions subdivision subparagraph subsequent taxable tax imposed taxable years beginning taxpayer term timber tion tract or parcel trade or business treated trust described unrelated trade
Popular passages
Page 12 - ... 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 100 - Commissioner is authorized to distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Page 56 - UNRELATED TRADE OR BUSINESS. (a) GENERAL RULE. — The term "unrelated trade or business" means, In the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of Its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 19 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 11 - Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title...
Page 67 - Unrelated, trade or business — (a) General rule. The term "unrelated trade or business" means, in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Page 21 - Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued...
Page 104 - An individual shall be considered as owning the stock owned, directly or indirectly, by or for his family or by or for his partner.
Page 289 - 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 188 - In the case of property held in trust, the allowable deduction shall be apportioned between the income beneficiaries and the trustee in accordance with the pertinent provisions of the instrument creating the trust, or, in the absence of such provisions, on the basis of the trust income allocable to each.