Hearings, Reports and Prints of the Senate Committee on Finance, Deli 1–2U.S. Government Printing Office, 1954 |
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Stran 21
... trusts after March 9 , 1954 , where the income or principal of the trust may revert to the grantor if the chance of his receiving back the property is more than I in 20 . It is estimated that the changes made in the charitable ...
... trusts after March 9 , 1954 , where the income or principal of the trust may revert to the grantor if the chance of his receiving back the property is more than I in 20 . It is estimated that the changes made in the charitable ...
Stran 38
... trust will be considered as qualified if it already has qualified under existing law . D. Tax treatment of an employee's exempt trust ( secs . 501 ( a ) , 503–505 , 511-515 ) Under the bill , qualified pension trusts are treated in the ...
... trust will be considered as qualified if it already has qualified under existing law . D. Tax treatment of an employee's exempt trust ( secs . 501 ( a ) , 503–505 , 511-515 ) Under the bill , qualified pension trusts are treated in the ...
Stran 49
... trusts and estates with the general dividends received provision . The bill adopts the general principle that to the extent of the trust's current income all distributions are deductible by the estate or trust and taxable to the ...
... trusts and estates with the general dividends received provision . The bill adopts the general principle that to the extent of the trust's current income all distributions are deductible by the estate or trust and taxable to the ...
Stran 50
... trust is defined as its taxable income for the current year , excluding capital gains and losses not distributed by the estate or trust , the portion of extraordinary cash dividends and taxable stock dividends allocated to principal ...
... trust is defined as its taxable income for the current year , excluding capital gains and losses not distributed by the estate or trust , the portion of extraordinary cash dividends and taxable stock dividends allocated to principal ...
Stran 51
... trust . Upon termination of the trust ( or estate ) any of its net operating loss or capital loss carryovers which have not been used are to be made available to the distributees . Under existing law these loss carryovers are wasted . D ...
... trust . Upon termination of the trust ( or estate ) any of its net operating loss or capital loss carryovers which have not been used are to be made available to the distributees . Under existing law these loss carryovers are wasted . D ...
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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.