Hearings, Reports and Prints of the Senate Committee on Finance, Deli 1–2U.S. Government Printing Office, 1954 |
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Zadetki 1–5 od 100
Stran 27
... gain when such property is subse- quently sold to outsiders . The bill recognizes gain to the original transferee only to the extent that it exceeds the amount of loss not previously allowable to the transferor . This new rule does not ...
... gain when such property is subse- quently sold to outsiders . The bill recognizes gain to the original transferee only to the extent that it exceeds the amount of loss not previously allowable to the transferor . This new rule does not ...
Stran 29
... gain or ordinary income . Some courts have held that a distribution disproportionate to the shareholder's ownership of common stock in the corporation results in capital - gains treatment . Other courts have required , in addition , a ...
... gain or ordinary income . Some courts have held that a distribution disproportionate to the shareholder's ownership of common stock in the corporation results in capital - gains treatment . Other courts have required , in addition , a ...
Stran 31
... gain ) has not been preserved . Where securities are exchanged for securities , the bill adopts the rule of Commissioner v . Neustadts ' Trust ( 131 F. 2d 528 ) , that no gain or loss is recognized where the securities received are in ...
... gain ) has not been preserved . Where securities are exchanged for securities , the bill adopts the rule of Commissioner v . Neustadts ' Trust ( 131 F. 2d 528 ) , that no gain or loss is recognized where the securities received are in ...
Stran 32
... gain is a capital gain to an individual shareholder . The bill also preserves existing law in allowing the tax - free liquidation of a subsidiary corporation into its parent . ( 2 ) Collapsible corporations ( secs . 332 , 334 , and 336 ) ...
... gain is a capital gain to an individual shareholder . The bill also preserves existing law in allowing the tax - free liquidation of a subsidiary corporation into its parent . ( 2 ) Collapsible corporations ( secs . 332 , 334 , and 336 ) ...
Stran 33
... gain realized will be taxed to the distributee - shareholder , as ordinary income or capital gain depending on the character of the asset sold . C. Corporate organization , acquisition , separation , and insolvency reorganizations ...
... gain realized will be taxed to the distributee - shareholder , as ordinary income or capital gain depending on the character of the asset sold . C. Corporate organization , acquisition , separation , and insolvency reorganizations ...
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Pogosti izrazi in povedi
adjusted alcohol allowed amended amount annuity apply assets basis beneficiary benefits bill provides capital gains CHAIRMAN coal contract corporation cost death decedent deduction denatured denatured alcohol depreciation distribution dividends received double taxation earnings effect election employees estate tax excess exchange exclusion exemption existing law expenses filing FOLSOM foreign tax gain or loss gift tax gross income H.R. Sec House bill imposed income tax individual insurance companies interest Internal Revenue Code Internal Revenue Service kyanite limited liquidation Married couple ment million option ordinary income paid partner partnership payments pension period permit preferred stock present law profits proposed provisions purchase purposes regulated investment companies respect restricted stock retirement rule Secretary HUMPHREY section 501 Senator LONG shareholders stockholders subchapter tax avoidance tax credit tax liability tax-free taxable income taxpayer timber tion transactions treatment trust United United States dollars
Priljubljeni odlomki
Stran 160 - ... (3) if the trust, or two or more trusts, or the trust or trusts and annuity plan or plans are designated by the employer as constituting parts of a plan intended to qualify under this subsection...
Stran 204 - If no method of accounting has been regularly used by the taxpayer, or if the method used does not clearly reflect income, the computation of taxable income shall be made under such method as, in the opinion of the Secretary or his delegate, does clearly reflect income.
Stran 603 - Income, war profits, and excess profits taxes shall Include a tax paid In lieu of a tax on Income, war profits, or excess profits otherwise generally Imposed by any foreign country or by any possession of the United States.
Stran 538 - ... the acquisition by one corporation, in exchange solely for all or a part of its voting stock...
Stran 754 - Retirement income — (a) General rule. In the case of an individual who has received earned income before the beginning of the taxable year, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the...
Stran 293 - A power to consume, invade, or appropriate property for the benefit of the decedent which is limited by an ascertainable standard relating to the health, education, support, or maintenance of the decedent shall not be deemed a general power of appointment.
Stran 239 - This subsection shall not apply to that part of any such periodic payment which the terms of the decree or written instrument fix, in terms of an amount of money or a portion of the payment, as a sum which is payable for the support of minor children of such husband.
Stran 746 - ... upon the net income of every insurance company (other than a life or mutual insurance company) a tax as follows: (1) In the case of such a domestic insurance company the same percentage of its net income as is imposed upon other corporations by section 230...
Stran 196 - This subparagraph shall not apply to total distributions payable (as defined in section 402 (a) (3)) which are paid to a distributee within one taxable year of the distributee by reason of the employee's death...
Stran 265 - To or for any current income beneficiary, provided that the distribution of corpus must be chargeable against the proportionate share of corpus held in trust for the payment of income to the beneficiary as if the corpus constituted a separate trust.