The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1987 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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1986 investment activity bond limit adjusted basis adjusted gross income alimony allocable allowed amended by T.D. amounts received apply automobile basis beneficiary calendar ceived cluded compensation computed contributions corporation cost December 31 deduction depreciation described in section determined election employee employee's Example excludable from gross exempt expenses facility fair market value fund governmental unit graph gross income group-term life insurance includible in gross income tax individual interest Internal Revenue Code Internal Revenue Service issuer January June 30 lease loss ment payments percent period person ployee portion premiums prior issue private activity bond proceeds purchase purposes of section pursuant qualified quired refunding issue regulations thereunder relating respect retirement Revenue salvage value section 72 sion spect spouse standard deduction subdivision subparagraph substantial taxable years beginning taxpayer term term life insurance tion trade or business treated valuation rule weekly rate
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Página 598 - The allowance is that amount which should be set aside for the taxable year in accordance with a reasonably consistent plan (not necessarily at a uniform rate), so that the aggregate of the amounts set aside, plus the salvage value, will, at the end of the estimated useful life of the depreciable property, equal the cost or other basis of the property as provided in section 167 (g) and § 1.167 (g)-1.
Página 441 - ... (C) service performed by an individual under the age of 22 who is enrolled at a nonprofit or public educational institution which normally maintains a regular faculty and curriculum and normally has a regularly organized body of students in attendance at the place where its educational activities are carried on...
Página 439 - In any taxable year shall be limited to an amount equal to $300 times the number of months for which the recipient...
Página 556 - Income, war profits, and excess profits taxes imposed by the authority of any foreign country or possession of the United States...
Página 254 - If such transfer is to the insured, to a partner of the insured, to a partnership In which the Insured is a partner, or to a corporation in which the insured Is a shareholder or officer. (b) Employees' death, benefits — (1) General rule.
Página 263 - The aggregate amounts excludable under paragraph (1) with respect to the death of any employee shall not exceed $5,000. (B) Nonforfeitable rights. Paragraph (1) shall not apply to amounts with respect to which the employee possessed, immediately before his death, a nonforfeitable right to receive the amounts while living.
Página 442 - ... represents either compensation for past, present. or future employment services or represents payment for services which are subject to the direction or supervision of the grantor.
Página 396 - In any prior taxable year, amounts received through accident or health insurance or under workmen's compensation acts, as compensation for personal injuries or sickness, plus the amount of any damages received whether by suit or agreement on account of such injuries or sickness, and amounts received as a pension, annuity, or similar allowance for personal injuries or sickness resulting from active service in the armed forces of any country; (6) Ministers.
Página 506 - dependent" means any of the following persons over half of whose support, for the calendar year in which the taxable year of the taxpayer begins, was received from the taxpayer...
Página 536 - In direct connection with communication of Information between the taxpayer and an organization of which he is a member with respect to legislation or proposed legislation of direct interest to the taxpayer and to such organization.