Proceedings |
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Results 1-3 of 69
Page 288
... deduction in any manner he saw fit , the Tax Court concluded that a trust provision stating depletion and depreciation shall be reserved out of income required the entire deprecia- tion deduction to be allocated to the trust . The ...
... deduction in any manner he saw fit , the Tax Court concluded that a trust provision stating depletion and depreciation shall be reserved out of income required the entire deprecia- tion deduction to be allocated to the trust . The ...
Page 359
... deduction had to be reduced by the amount of depletion claimed in the prior years . The court reasoned that this result would follow , either on the ground that the taxpayer had obtained a basis ( for the purpose of supporting a loss ...
... deduction had to be reduced by the amount of depletion claimed in the prior years . The court reasoned that this result would follow , either on the ground that the taxpayer had obtained a basis ( for the purpose of supporting a loss ...
Page 445
... deduction became a member before October 1 , 1965 , the old built - in deduction rules ( including the old exceptions ) will apply in lieu of the new . Furthermore , the new final Regulations make clear that for new Regu- lation years ...
... deduction became a member before October 1 , 1965 , the old built - in deduction rules ( including the old exceptions ) will apply in lieu of the new . Furthermore , the new final Regulations make clear that for new Regu- lation years ...
Contents
The Thirtieth Year of the Natural Gas Act and Its | 1 |
Title Examination and Division Orders | 29 |
Royalty Problems Incident to the Processing of Natural | 89 |
Copyright | |
13 other sections not shown
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Common terms and phrases
5th Cir agreement allocated amount applied assignment Bankline basis carried interest Comm'r Commission consolidated return contract Corp corporation decision deduction depreciation division order drilling economic interest effect error ref'd excess loss account exemption fact filed Hugoton industry interest owner investment involved land Legal Fdn lessee lessor Magnolia Petroleum Co market value ment mineral Natural Gas net profits interest Oil & Gas oil and gas operator opinion ordinary income overriding royalty ownership partnership party percent Petroleum Phillips Petroleum Co pipeline problem production payment profits interest holder provisions purchase question received recovery Regulations remainderman reserves result Revenue Ruling royalty interest rules Section securities service partner Simplot slant drilling Southwest Exploration Stanolind Subject Properties supra Supreme Court Tax Court taxable taxpayer Texas Texas Co tion tract transaction transfer trust instrument United wellhead