Reports of the Tax Court of the United States, Volume 2U.S. Government Printing Office, 1944 Final issue of each volume includes table of cases reported in the volume. |
Outras edições - Ver todos
Reports of the Tax Court of the United States, Volume 38 United States. Tax Court Visualização completa - 1963 |
Reports of the Tax Court of the United States, Volume 23 United States. Tax Court Visualização completa - 1956 |
Reports of the Tax Court of the United States, Volume 37 United States. Tax Court Visualização completa - 1962 |
Termos e frases comuns
accrued adjustments agreement allowed 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 decision deduction deficiency Delaware corporation determined disallowed distribution dividends Docket employee 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 company interest Internal Revenue Code involved issue January June liability liquidation loss ment net income notes October 11 opinion paid partnership payable payment percent period peti petitioner petitioner's policies preferred stock premiums principal prior proceeding 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
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Página 311 - ... (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.
Página 52 - ... 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...
Página 923 - 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.
Página 957 - The general principle announced in numerous cases is that a right, question or fact distinctly put in issue and directly determined by a court of competent jurisdiction, as a ground of recovery, cannot be disputed in a subsequent suit between the same partes or their privies; and even if the second suit is for a different cause of action, the right, question or fact once so determined must, as between the same parties or their privies, be taken as conclusively established, so long as the judgment...
Página 420 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Página 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...
Página 571 - ... (b) SOURCE OF DISTRIBUTIONS. — For the purposes of this Act every distribution is made out of earnings or profits to the extent thereof, and from the most recently accumulated earnings or profits.
Página 468 - Whereas the right of expatriation is a natural and inherent right of all people, indispensable to the enjoyment of the rights of life, liberty, and the pursuit of happiness...
Página 102 - ... 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...
Página 158 - Secretary or his delegate may distribute, apportion, or allocate gross income, deductions, credits, or allowances between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.