Regulations 101 Relating to the Income Tax Under the Revenue Act of 1938 |
From inside the book
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Page 17
... thereof : ( 1 ) Banks , as defined in section 104 . ( 2 ) Corporations organized under the China Trade Act , 1922 . ( 3 ) Corporations which , by reason of deriving a large portion of their gross income from sources within a possession ...
... thereof : ( 1 ) Banks , as defined in section 104 . ( 2 ) Corporations organized under the China Trade Act , 1922 . ( 3 ) Corporations which , by reason of deriving a large portion of their gross income from sources within a possession ...
Page 19
... thereof . Subsection ( e ) of section 14 provides for a tax on foreign corpora- tions engaged in trade or business within the United States or having an office or place of business therein , equal to 19 percent of the special class net ...
... thereof . Subsection ( e ) of section 14 provides for a tax on foreign corpora- tions engaged in trade or business within the United States or having an office or place of business therein , equal to 19 percent of the special class net ...
Page 24
... thereof as represents recovery for the discount originally deducted . ART . 22 ( a ) -5 . Gross income from business . - In the case of a manu- facturing , merchandising , or mining business " gross income " means the total sales , less ...
... thereof as represents recovery for the discount originally deducted . ART . 22 ( a ) -5 . Gross income from business . - In the case of a manu- facturing , merchandising , or mining business " gross income " means the total sales , less ...
Page 39
... thereof , or the Dis- trict of Columbia ; or ( B ) obligations of a corporation organized under Act of Congress , if such corporation is an instrumentality of the United States ; or ( C ) the obligations of the United States or its ...
... thereof , or the Dis- trict of Columbia ; or ( B ) obligations of a corporation organized under Act of Congress , if such corporation is an instrumentality of the United States ; or ( C ) the obligations of the United States or its ...
Page 41
... thereof , as amended and supplemented . Every person owning any of the obligations enumerated in clause ( A ) , ( B ) , or ( C ) of paragraph ( 4 ) of subsection 22 ( b ) shall submit in his income tax return a statement showing the ...
... thereof , as amended and supplemented . Every person owning any of the obligations enumerated in clause ( A ) , ( B ) , or ( C ) of paragraph ( 4 ) of subsection 22 ( b ) shall submit in his income tax return a statement showing the ...
Common terms and phrases
adjusted basis adjusted net income allocated allowed amended applicable article 23 assessment assets bank basic surtax credit basis beneficiary bonds capital gain centum claim collector Commissioner common trust fund consent dividends credit cost December 31 deductible from gross deficiency depletion depreciation determined distribution domestic corporation earnings or profits employees entitled excess exempt fair market value February 28 fiduciary filed foreign corporation foreign personal holding gain or loss gross income included in gross income from sources income tax insurance companies interest Internal Revenue inventory liability liquidation mineral nonresident alien individual obligations ownership paragraph partnership payment percent period personal holding company prescribed prior provided in section provisions of section purchase purpose refund regulations resident respect Revenue Act section 23 shareholder shares stock or securities surtax net incomes tax imposed taxable year beginning taxpayer term thereof tion trade or business transfer trust instrument United
Popular passages
Page 251 - ... owned by him at the time of the adoption of the plan of liquidation shall be recognized only to the extent provided In subsections (e) and (f ). (b) Excluded Corporation. — For purposes of this section, the term "excluded corporation...