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In the House of Representatives
Mr Mills introduced the following bill on March 12 1962 on the same day it
Distributions by Foreign Trusts 38
32 other sections not shown
adjusted basis allowed amended assets attorney-in-fact attributable beginning after December beneficiary bill amends bill provides Bill Sec capital gains carryback committee computing controlled foreign corporation cooperative December 31 delegate depreciation described in section determined distribution domestic corporation earnings and profits effect election exceed exempt expenses extent filed foreign base company foreign investment company foreign tax credit foreign trust gross income income tax interest Internal Revenue Code investment credit less developed country loss account mutual insurance company notice of allocation ordinary income paragraph partnership patronage dividends payment period premiums present law Proposed Code Sec protection against loss purposes qualified investment qualifying real property real property loans refund regulations prescribed relating reserve for losses sale or exchange Secretary section 38 property special rules subchapter subparagraph subsection taken into account tax imposed taxable years beginning taxpayer tion trade or business treated U.S. tax United States person unused loss withholding