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acquired adjusted basis adjusted gross income allocated allowed amount annuity apply base period income bonds capital loss carryback cash casualty loss ceived child claim clude contract contributions corporation cost dependent determining dividends earned income elect employer erty estimated tax Example exceed excess exclude exemption fair market value file a joint Form Form W-2 gain net income gain or loss gift income tax income tax return incurred installment interest Internal Revenue office Internal Revenue Service itemized deductions joint return less married meals and lodging medical expenses ment month mortgage old residence option ordinary income paid payments penses pension prop purchase qualify realized received refund reimbursement rent rental reported repossession retirement income rules sale or exchange Schedule separate return Series E Bonds share sick pay social security sold spouse standard deduction Tax Table taxable income taxpayer tion trade or business wife
Page 78 - No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation, and immediately after the exchange such person or persons are in control of the corporation...
Page 111 - The fair market value is the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having reasonable knowledge of relevant facts.
Page 78 - No gain or loss shall be recognized if property held for productive use in trade or business or for investment (not including stock in trade or other property held primarily for sale nor stocks, bonds, notes, choses in action, certificates of trust or beneficial interest, or other securities or evidences of indebtedness or interest) is exchanged solely for property of a like kind to be held either for productive use in trade or business or for investment.
Page 79 - Stock owned, directly or indirectly, by or for a corporation, partnership, estate, or trust...
Page 109 - If the property repossessed is bid in by the vendor at a lawful public auction or judicial sale, the fair market value of the property shall be presumed to be the purchase or bid price thereof in the absence of clear and convincing proof to the contrary.
Page 20 - For purposes of this subsection, an individual is blind only if his central visual acuity does not exceed 20/200 in the better eye with correcting lenses, or if his visual acuity is greater than 20/200 but is accompanied by a limitation in the fields of vision such that the widest diameter of the visual field subtends an angle no greater than 20 degrees.
Page 126 - 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 28 - 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...