Proceedings |
From inside the book
Results 1-3 of 55
Page 447
... loss year itself ( 1966 ) to take advantage of the immediate current offset of losses against profits of other affiliates . The Treasury has amended the old Regulations to al- low unlimited carryover , but not carryback , of losses from ...
... loss year itself ( 1966 ) to take advantage of the immediate current offset of losses against profits of other affiliates . The Treasury has amended the old Regulations to al- low unlimited carryover , but not carryback , of losses from ...
Page 455
... loss account , and also to the extent that the taxpayer establishes that the excess loss account was attributable to capital losses of the subsidiary . On disposition , cancellation , or redemption of part of a subsidiary's stock , the ...
... loss account , and also to the extent that the taxpayer establishes that the excess loss account was attributable to capital losses of the subsidiary . On disposition , cancellation , or redemption of part of a subsidiary's stock , the ...
Page 459
... loss of $ 60 which would be absorbed against P's profits . This results in an excess loss account of $ 50 ( $ 60— $ 10 ) . But , because the common stock would be considered worthless , P would immediately report offsetting income of ...
... loss of $ 60 which would be absorbed against P's profits . This results in an excess loss account of $ 50 ( $ 60— $ 10 ) . But , because the common stock would be considered worthless , P would immediately report offsetting income of ...
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
Other editions - View all
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