The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1966 - Administrative law The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
15th day 1956 adjustment date Administration amount application April 15 basis calendar carryback computed contract or subcontract contracting party contracts and subcontracts cost of performing date prescribed December 15 December 31 declaration of estimated deduction delegate deposit determined district director dividends election under section employer identification estimated tax Example excess profit exempt extension Federal file a return foreign corporation furnished graph gross income identifying number income tax return increase in tax installment date Internal Revenue Code Internal Revenue Service January joint return June 15 laration ment month nonresident alien paid partnership payer payment percent poration prior purposes quartzite quired refund regulations respect return on Form Secretary sections 452 September 15 shareholder short taxable spect spouse Stat statement Statutory provisions subparagraph subsection subtitle tax liability tax shown taxable income taxable year ending taxable years beginning taxpayer tion trust underpayment United States person vessel
Popular passages
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.