Internal Revenue Bulletin: Cumulative bulletinU.S. Government Printing Office, 1963 A consolidation of all items of a permanent nature published in the weekly Internal revenue bulletin, ISSN 0020-5761, as well as a cumulative list of announcements relating to decisions of the Tax Court. |
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Page 20
... period during which the bond was held which would be disallowed as a deduction under section 171 ( a ) ( 2 ) i the taxpayer were an ordinary investor . ( 2 ) Subparagraph ( 1 ) of this paragraph may be illustrated by the following ...
... period during which the bond was held which would be disallowed as a deduction under section 171 ( a ) ( 2 ) i the taxpayer were an ordinary investor . ( 2 ) Subparagraph ( 1 ) of this paragraph may be illustrated by the following ...
Page 21
... period to earlier call date , with reference to the amount payable on earlier call date ) , in the case of any bond described in subsection ( c ) ( 1 ) ( B ) which is acquired after December 31 , 1957 , or ( iii ) With reference to the ...
... period to earlier call date , with reference to the amount payable on earlier call date ) , in the case of any bond described in subsection ( c ) ( 1 ) ( B ) which is acquired after December 31 , 1957 , or ( iii ) With reference to the ...
Page 22
... period before January 1 , 1963 , will be $ 7 ( $ 35 divided by 5 years ) . If the bond is not called , the deduction for each taxable year in the period from 1963 through 1977 will be $ 11 ( $ 165 divided by 15 years ) . If the earliest ...
... period before January 1 , 1963 , will be $ 7 ( $ 35 divided by 5 years ) . If the bond is not called , the deduction for each taxable year in the period from 1963 through 1977 will be $ 11 ( $ 165 divided by 15 years ) . If the earliest ...
Page 31
... period , and cases in- volving an employment or stay of such duration will normally be subjected to close scrutiny . Public Law 87-117 , supra , empowered the President to order mem- bers of the Ready Reserve to active duty for a period ...
... period , and cases in- volving an employment or stay of such duration will normally be subjected to close scrutiny . Public Law 87-117 , supra , empowered the President to order mem- bers of the Ready Reserve to active duty for a period ...
Page 41
... period described in paragraph ( 1 ) . For purposes of the preceding sentence , if 15 or more days of a calendar month fall within such period such month shall be considered as a full calendar month . ( B ) COMPENSATION OR REIMBURSEMENT ...
... period described in paragraph ( 1 ) . For purposes of the preceding sentence , if 15 or more days of a calendar month fall within such period such month shall be considered as a full calendar month . ( B ) COMPENSATION OR REIMBURSEMENT ...
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Popular passages
Page 484 - Secretary or his delegate may 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 189 - ... Corporations, and any community chest, fund, or foundation, 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...
Page 101 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) In accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but If no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 190 - ... an educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Page 42 - In the case of an employees' trust described in section 401 (a), which is exempt from tax under section 501 (a), if the total distributions payable with respect to any employee are paid to the distributee within 1 taxable year of the distributee on account of the employee's death or other separation from the service, or on account of the death of the employee after his separation from the service, the amount of such distribution, to the extent exceeding the amounts contributed by the employee...
Page 92 - For the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body (including amounts paid for accident or health insurance) , or (B) For transportation primarily for and essential to medical care referred to in subparagraph (A).
Page 40 - Columbia, but only if the contribution or gift is made for exclusively public purposes. (2) A corporation, trust, or community chest, fund, or foundation — (A) created or organized in the United States or in any possession thereof, or under the law of the United States, any State...
Page 139 - ... (2) if under the trust instrument it is Impossible, at any time prior to the satisfaction of all liabilities with respect to employees and their beneficiaries under the trust, for any part of the corpus or income to be (within the taxable year or thereafter...
Page 286 - A of chapter 53 ( relating to machine guns and certain other firearms), on the date prescribed therefor (determined with regard to any extension of time for filing) , unless it is shown that such failure is due to reasonable cause and not due...
Page 152 - ... (4) if the contributions or benefits provided under the plan do not discriminate in favor of employees who are officers, shareholders, persons whose principal duties consist in supervising the work of other employees, or highly compensated employees.