Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and Index
Division of the Federal Register, the National Archives, 1966 - Administrative law
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able accordance addition adjustment Administration alien allowed amended amount annual application basis beginning calendar chapter completed computed considered construction contract contract or subcontract cost December 31 deduction deficiency delegate Department deposit described determined district director dividends effective election ending estimated tax Example excess profit exempt extension Federal filed foreign corporation Form fund furnished graph gross income income tax return increase individual installment interest Internal Revenue Internal Revenue Code January joint June liability loss means ment month Office operating organization paid paragraph partnership payment percent performing period person portion preceding prescribed prior provisions reason received referred regulations relating reserve respect Revenue Code rule Secretary separate Service short showing shown Stat statement subparagraph subsection taxable taxpayer term terminated thereof tion trust United vessel
Page 70 - To constitute receipt in such a case the income must be credited or set apart to the taxpayer without any substantial limitation or restriction as to the time or manner of payment or condition upon which payment is to be made, and must be made available to him so that it may be drawn at any time, and its receipt brought within his own control and disposition.
Page 88 - Except as otherwise provided by the Secretary or his delegate, any return, declaration, statement, or other document required to be made under any provision of the intenal revenue laws or regulations shall contain or be verified by a written declaration that it is made under the penalties of perjury.
Page 37 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 184 - citizen of the United States" include a corporation, partnership, or association only if it is a citizen of the United States within the meaning of section 2 of the Shipping Act, 1916, as amended (USC, title 46, sec.
Page 25 - If a Joint return is made, the tax shall be computed on the aggregate income and the liability with respect to the tax shall be Joint and several.
Page 142 - ... tax as is unpaid, whether or not the time otherwise allowed by law for filing return and paying the tax has expired; and such taxes shall thereupon become immediately due and payable. In any...
Page 184 - ... and the corporation itself is organized under the laws of the United States or of a State, Territory, District, or possession thereof, but in the case of a corporation, association, or partnership operating any vessel in the coastwise trade the amount of interest required to be owned by citizens of the United States shall be 75 per centum.
Page 108 - Except as otherwise provided in this section, when a return of tax is required under this title or regulations, the person required to make such return shall, without assessment or notice and demand from the Secretary or his delegate, pay such tax to the principal internal revenue officer for the internal revenue district in which the return is required to be filed, and shall pay such tax at the time and place fixed for filing the return (determined without regard to any extension of time for filing...
Page 234 - At the option of the contracting party, the amount of the excess profit liability may be paid in four equal installments instead of in a single payment, in which case the first installment is to be paid on or before the date prescribed for the payment of the excess profit as a single payment, the second installment on or before the 15th day of the third month, the third installment on or before the 15th day of the sixth month, and the fourth installment on or before the 15th day of the ninth month,...
Page 182 - If an election is made under subdivision (2) and if computation or recomputation in accordance with this subsection is otherwise allowable but is prevented, on the date of making such election or within six months thereafter, by any statute of limitation, such computation or recomputation nevertheless shall be made notwithstanding such statute if a claim therefor is filed within six months after the date of making such election.