Reports of the Tax Court of the United States, Volume 2U.S. Government Printing Office, 1943 |
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Halaman 11
... entitled to deduct . We do not think petitioners are en- titled to deduct any more after - death interest than the receiver is claiming . To a taxpayer on the cash basis the interest which he is entitled to deduct under 23 ( b ) of the ...
... entitled to deduct . We do not think petitioners are en- titled to deduct any more after - death interest than the receiver is claiming . To a taxpayer on the cash basis the interest which he is entitled to deduct under 23 ( b ) of the ...
Halaman 34
... entitled to recover the contract price , less what will be a fair allowance to the owner to make good the defects in the performance of the contract . " The facts in the present case clearly show that during the year 1938 the petitioner ...
... entitled to recover the contract price , less what will be a fair allowance to the owner to make good the defects in the performance of the contract . " The facts in the present case clearly show that during the year 1938 the petitioner ...
Halaman 62
... entitled to receive a large remuneration . Such payment was received shortly thereafter by trustees for the stockholders and distributed to them . Held , that the income re- ceived under the contract was income to the transferor in 1938 ...
... entitled to receive a large remuneration . Such payment was received shortly thereafter by trustees for the stockholders and distributed to them . Held , that the income re- ceived under the contract was income to the transferor in 1938 ...
Halaman 90
... entitled to take a deduction in that year of certain expenditures incurred in connection with its organization . Our holding there is applicable here , and we therefore sustain the petitioner on this issue . Decision will be entered ...
... entitled to take a deduction in that year of certain expenditures incurred in connection with its organization . Our holding there is applicable here , and we therefore sustain the petitioner on this issue . Decision will be entered ...
Halaman 96
... entitled to credits by reason of a contract restricting the payment of dividends , we are brought to petitioner's alternative contention under section 501 of the Revenue Act of 1942. Section 501 ( a ) ( 2 ) of the Revenue Act of 1942 ...
... entitled to credits by reason of a contract restricting the payment of dividends , we are brought to petitioner's alternative contention under section 501 of the Revenue Act of 1942. Section 501 ( a ) ( 2 ) of the Revenue Act of 1942 ...
Edisi yang lain - Lihat semua
Istilah dan frasa umum
accrued adjustment agreement amended amount annuity applied assets bad debt Bank basis beneficiary bonds capital stock cash certificates claimed COMMISSIONER OF INTERNAL common stock computed contract corporation corpus cost Court decedent December 15 December 31 deduction deficiency Delaware corporation determined disallowed distribution dividends Docket earnings or profits employees entitled estate tax excess profits tax expenses filed follows fund gift tax gross estate gross income held Helvering included income tax income tax return indebtedness insurance companies interest Internal Revenue Code issue January June June 15 liability liquidation loss ment Murphey net income notes October 11 opinion paid partnership payable payment percent period peti petitioner petitioner's policies preferred stock premiums principal prior purchase purpose question received respect respondent respondent's Revenue Act section 23 securities shares statute stipulated stockholders supra taxpayer thereof tion tioner transaction transfer trust trust instrument wife
Bagian yang populer
Halaman 356 - 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...
Halaman 50 - ... forthwith in good faith, under regulations prescribed by the Commissioner with the approval of the Secretary, expended in the acquisition of other property similar or related in service or use to the property so converted...
Halaman 633 - ... under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death (1) the possession or enjoyment of, or the right to the income from, the property, or (2) the right, either alone or in conjunction with any person, to designate the persons who shall possess or enjoy the property or the income therefrom; except in case of a bona fide sale for an adequate and full consideration in money or money's...
Halaman 360 - The trustee of the estate of a bankrupt, upon his appointment and qualification, and his successor or successors, if he shall have one or more, upon his or their appointment and qualification, shall in turn be vested by operation of law with the title of the bankrupt as of the date he was adjudged a bankrupt...
Halaman 919 - Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed in partial liquidation of a corporation shall be treated as in part or full payment in exchange for the stock. The gain or loss to the distributee resulting from such exchange shall be determined under section 111, but shall be recognized only to the extent provided in section 112.
Halaman 100 - ... organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals...
Halaman 271 - July 1, 1926, there shall be deducted and withheld from the basic salary, pay, or compensation of each employee...
Halaman 413 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * « ***** "(2) Non-trade or non-business expenses. In the case of an individual, all the ordinary and necessary expenses paid or incurred during the taxable year for the production or collection of income, or for the management, conservation, or maintenance of property held for the production of income.
Halaman 229 - ... under a life insurance or endowment contract, but if such amounts (when added to amounts received before the taxable year under such contract) exceed the aggregate premiums or consideration paid (whether or not paid during thft taxable year) then the excess shall be included in gross income.
Halaman 209 - ... or of which he has at any time made a transfer, by trust or otherwise, under which he has retained for his life or for any period not ascertainable without reference to his death or for any period which does not in fact and before his death (1) the possession or enjoyment of, or the right to the Income from, the property...