The Internal Revenue Code of 1954: Hearings Before the Committee on Finance, United States Senate, Eighty-third Congress, Second Session, on H.R. 8300, an Act to Revise the Internal Revenue Laws of the United States, Parte3U.S. Government Printing Office, 1954 - 2443 páginas |
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Página 1152
... operating in the shoe business . The CHAIRMAN . Is it a true association , or do you have stock ? Mr. HERRMANN . It is a true trade association . The CHAIRMAN . Very well , go ahead . Mr. HERRMANN . It is incorporated and tax - exempt ...
... operating in the shoe business . The CHAIRMAN . Is it a true association , or do you have stock ? Mr. HERRMANN . It is a true trade association . The CHAIRMAN . Very well , go ahead . Mr. HERRMANN . It is incorporated and tax - exempt ...
Página 1153
... operations , resulting in increased net profits . 5. The elimination of losses usually incurred in launching a new enterprise . All of these considerations are vital to the business involved , and generally result in higher taxable ...
... operations , resulting in increased net profits . 5. The elimination of losses usually incurred in launching a new enterprise . All of these considerations are vital to the business involved , and generally result in higher taxable ...
Página 1158
... operating approximately 6,000 retail shoe stores and departments in 48 States . Their annual volume of business is in excess of $ 600 million . The association headquarters are at 51 East 42d Street , New York , N. Y. A list of the ...
... operating approximately 6,000 retail shoe stores and departments in 48 States . Their annual volume of business is in excess of $ 600 million . The association headquarters are at 51 East 42d Street , New York , N. Y. A list of the ...
Página 1164
... operating on the basis of limited capital and limited credit , at times require rapid changes in corporate structure , which are not predictable at the time earlier transactions are made . Our reaction to section 309 is threefold ...
... operating on the basis of limited capital and limited credit , at times require rapid changes in corporate structure , which are not predictable at the time earlier transactions are made . Our reaction to section 309 is threefold ...
Página 1169
... operating costs at any time prior to the realization of any income . Equitable tax treat- ment to the forest owner is therefore essential to continued good forest manage- ment . Under the present income - tax law , expenses incurred ...
... operating costs at any time prior to the realization of any income . Equitable tax treat- ment to the forest owner is therefore essential to continued good forest manage- ment . Under the present income - tax law , expenses incurred ...
Términos y frases comunes
allowed amendment amount apply April 14 arbitrage assets Association basis beneficiaries benefits bill bonds capital gain CHAIRMAN computed Congress consolidated returns cost December 31 deduction depreciation distribution dividends effect election eliminated employees enactment estate investment trust exchange exempt expenses Federal filed foreign gross income held corporation income tax income-tax industry interest Internal Revenue Code Internal Revenue Service inventory lease lessee lessor LIFO limitation liquidation loss Means Committee ment method mineral operating ordinary income paid partner partnership payments pension plan percent percentage depletion period permitted preferred stock present law profits proposed provisions publicly held purchase purposes quartzite real estate real estate investment real estate trusts real property real-estate received recommended respect result retail rule section 110 section 309 Senate Finance Committee shareholders shares short sale statement stockholders subchapter substantial taxable income taxation taxpayer tion transaction treatment United United States Senate
Pasajes populares
Página 1222 - States, organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals...
Página 1675 - The economic philosophy behind the clause empowering Congress to grant patents and copyrights is the conviction that encouragement of individual effort by personal gain is the best way to advance public welfare through the talents of authors and inventors in 'science and useful arts.
Página 1214 - As used in this paragraph the term "gross income from the property" means the gross income from mining. The term "mining" as used herein shall be considered to include not merely the extraction of the ores or minerals from the ground but also the ordinary treatment processes normally applied by mine owners or operators in order to obtain the commercially marketable mineral product or products...
Página 1691 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Página 1618 - States, upon or with respect to the accumulated profits of such foreign corporation from which such dividends were paid, which the amount of...
Página 1248 - Indies, and which satisfies the following conditions: (1) if 95 percent or more of the gross income of such domestic corporation for the 3-year period immediately preceding the close of the taxable year (or for such part of such period...
Página 1223 - The exemption from taxation of money or property devoted to charitable and other purposes is based upon the theory that the Government is compensated for the loss of revenue by its relief from financial burden which would otherwise have to be met by appropriations from public funds, and by the benefits resulting from the promotion of the general welfare.
Página 1228 - In the case of a corporation, there shall be allowed as a deduction an amount equal to the following percentages of the amount received as dividends from a domestic corporation which is subject to taxation under this chapter...
Página 1638 - ... if a petition for redetermination of a deficiency in such estate tax has been filed with the Tax Court within the time prescribed in...
Página 1701 - Reversionary interests — (a) General rule. The grantor shall be treated as the owner of any portion of a trust in which he has a reversionary interest in either the corpus or the income therefrom if, as of the inception of that portion of the trust, the interest will or may reasonably be expected to take effect in possession or enjoyment within...