What people are saying - Write a review
We haven't found any reviews in the usual places.
Այլ խմբագրություններ - View all
Reports of the U.S. Board of Tax Appeals, Հատոր 24
United States. Board of Tax Appeals
Ամբողջությամբ դիտվող - 1932
Reports of the U.S. Board of Tax Appeals, Հատոր 39
United States. Board of Tax Appeals
Ամբողջությամբ դիտվող - 1939
acquired additional affiliated agreed agreement allowed amount applied assessment assets authorized Bank basis Board bonds building capital cash cent City claimed Commissioner common stock Company computed consideration consolidated contends contract corporation cost court death debts decedent December decision deduction deficiency determined distribution dividend effect entered evidence exchange Executors expenses facts filed FINDINGS follows fund gain gross held hold included income tax interest INTERNAL REVENUE issue January John land lease liability loss lots March meaning operation opinion paid parties partnership payment period persons peti petitioner petitioner's Power preferred stock present prior proceeding profits purchase question Realty received record represented resident respect respondent Revenue Act rule securities shares sold statute stockholders supra taxable taxpayer Telegraph term thereof tion transferred trust Union United York
Էջ 401 - reorganization' means (A) a merger or consolidation (including the acquisition by one- corporation of at least a majority of the voting stock and at least a majority of the total number of shares of all other classes of stock of another corporation, or substantially all the properties of another corporation...
Էջ 376 - President of , the corporation described in and which executed the foregoing instrument; that he knows the seal of said corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said Corporation and that he signed his name thereto by like order.
Էջ 75 - If a corporation cancels or redeems its stock (whether or not such stock was issued as a stock dividend) at such time and in such manner as to make the distribution and cancellation or redemption in whole or in part essentially equivalent to the distribution of a taxable dividend...
Էջ 70 - capital assets' means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close .of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Էջ 821 - Future estates are either vested or contingent. They are vested, when there is a person in being, who would have an immediate right to the possession of the lands, upon the ceasing of the intermediate or precedent estate.
Էջ 19 - Farmers', fruit growers', or like associations organized and operated on a cooperative basis (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses...
Էջ 327 - That the value of the gross estate of the decedent shall be determined by including the value at the time of his death...
Էջ 234 - ... (b) Nonresident aliens. — All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt, custody, disposal, or payment...
Էջ 169 - As used In this section the term " amounts distributed In partial liquidation " means a distribution by a corporation in complete cancellation or redemption of a part of its stock, or one of a series of distributions in complete cancellation or redemption of all or a portion of its stock.
Էջ 475 - If an exchange is described in paragraph (1) but has the effect of the distribution of a dividend, then there shall be treated as a dividend to each distributee such an amount of the gain recognized under paragraph (1) as Is not In excess of his ratable share of the undistributed earnings and profits of the corporation accumulated after February 28, 1913. The remainder, if any, of the gain recognized under paragraph (1) shall be treated as gain from the exchange of property.