Regulations 89 Relating to Consolidated Returns of Affiliated Railroad Corporations Prescribed Under Section 141 (b) of the Revenue Act of 1934 Applicable to Taxable Years Beginning After December 31, 1933).

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U.S. Government Printing Office, 1935 - Corporations - 33 pages

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Page 39 - The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax unless the tax has been paid before the discovery of the neglect, falsity, or fraud, in which case the amount so added shall be collected in the same manner as the tax.
Page 11 - The liability, at law or in equity, of a transferee of property of a taxpayer, in respect of the tax (including interest, additional amounts, and additions to the tax provided by law) imposed upon the taxpayer by this title. (2) The liability of a fiduciary under section 3467 of the Revised Statutes in respect of the payment of any such tax from the estate of the taxpayer.
Page 44 - No suit or proceeding shall be maintained in any court for the recovery of any internal-revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 24 - ... income for such succeeding taxable year shall be the proper value of its closing inventory used in computing consolidated...
Page 2 - ... the basis of an accounting period of less than one year, the word "year" as used in this subsection shall be construed to mean such accounting period.
Page 10 - ... a member of another affiliated group which makes a consolidated return for such period, then in such consolidated return). If a corporation ceases to be a member of the affiliated group during the taxable year of the group, its income for the period after the time when it ceased to be a member of the group...
Page 15 - In the case of an affiliated group which makes, or is required to make, a consolidated return, see paragraph (a) of 1.1502-30.
Page 30 - Whenever In the Judgment of the Commissioner necessary he may require any person, by notice served upon him, to make a return, render under oath such statements, or keep such records, as the Commissioner deems sufficient to show whether or not such person Is liable to tax under this chapter.
Page 8 - One of such forms, as prepared by each subsidiary shall be attached to the consolidated return, as a part thereof; and the other shall be filed, at or before the time the consolidated return...
Page 9 - ... for its entire taxable year (excluding any portion of such year during which its income is included in the consolidated return of another affiliated group) and the income of each subsidiary from the time it became a member of the affiliated group.

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