Code of Federal Regulations: Containing a Codification of Documents of General Applicability and Future Effect as of December 31, 1948, with Ancillaries and Index

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Division of the Federal Register, the National Archives, 2002 - Administrative law

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Page 12 - Income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust...
Page 307 - ... (B) The person who, by reason of the death of the decedent, acquires the right to receive the amount, if the right to receive the amount is not acquired by the decedent's estate from the decedent; or...
Page 523 - For the Joint production, extraction, or use of property, but not for the purpose of selling services or property produced or extracted, if the income of the members of the organization may be adequately determined without the computation of partnership taxable income. (b) Partner. For purposes of this subtitle, the term "partner" means a member of a partnership.
Page 88 - B applies), the sum of— (1) any amount of income for such taxable year required to be distributed currently (including any amount required to be distributed which may be paid out of income or corpus to the extent such amount is paid out of income for such taxable year...
Page 327 - The character of any item of income, gain, loss, deduction, or credit included in a partner's distributive share under paragraphs (1) through (8) of subsection (a) shall be determined as if such item were realized directly from the source from which realized by the partnership, or incurred in the same manner as incurred by the partnership.
Page 94 - The amounts specified in subsection (a) shall have the same character in the hands of the beneficiary as in the hands of the trust. For this purpose, the amounts shall be treated as consisting of the same proportion of each class of items entering into the computation of distributable net income of the...
Page 523 - Liquidation of a partner's interest. For purposes of this subchapter, the term "liquidation of a partner's interest" means the termination of a partner's entire interest In a partnership by means of a distribution, or a series of distributions, to the partner by the partnership.
Page 539 - Which provides for the allocation of all or part of the amounts received under the contract to an account which, pursuant to State law or regulation, is segregated from the general asset accounts of the company...
Page 282 - ... security except where a trustee (other than the grantor) is authorized under a general lending power to make loans to any person without regard to interest or security.
Page 283 - ... in the discretion of the grantor or a nonadverse party, or both, without the approval or consent of any adverse party.

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