The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1988 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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adjusted basis aggregation allocated allowed amount apply assets bad debts beginning after December benefits business taxable income computing corporation costs December 31 depletion deposit described in section determined distribution dividends duction election under section employees eral Example exempt function exploration expenditures fair market value filed foreign personal holding ganization graph gross income holding company income income tax indebtedness Internal Revenue Internal Revenue Code Internal Revenue Service lease losses on qualifying ment mineral property nization nonmining operating mineral interest orga organiza organization described paragraph percent period personal holding company porting organization prior private foundation production payment pursuant qualifying real property quired real property loans relating reserve for losses respect rules scribed in section shareholder spect subdivision subpara subparagraph taxable years beginning taxpayer term timber tion trade or business transfer treated trust instrument United unrelated business taxable unrelated trade VEBA zation
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Страница 13 - ... no substantial part of the activities of which is carrying on propaganda, or otherwise attempting to influence legislation, and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of any candidate for public office.
Страница 195 - Farmers', fruit growers', or like associations organized and operated on a cooperative basis (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or...
Страница 374 - ... ores or minerals which are not customarily sold in the form of the crude mineral product — crushing, grinding, and beneficiation by concentration (gravity, flotation, amalgamation, electrostatic, or magnetic), cyanidation, leaching, crystallization, precipitation (but not including electrolytic deposition, roasting, thermal or electric smelting, or refining), or by substantially equivalent processes or combination of processes used in the separation or extraction of the product or products...
Страница 198 - Patronage dividends, refunds, and rebates to patrons with respect to their patronage in the same or preceding years (whether paid in cash, merchandise, capital stock, revolving fund certificates, retain certificates, certificates of indebtedness, letters of advice, or in some other manner that discloses to each patron the dollar amount of such dividend, refund, or rebate) shall be taken into account in computing taxable Income In the same manner as in the case of a cooperative organization not exempt...
Страница 45 - ... or (3) Which is the selling of merchandise, substantially all of which has been received by the organization as gifts or contributions. (b) Special rule for trusts. The term "unrelated trade or business...
Страница 118 - Unrelated Trade or Business, (a) General Rule. — The term "unrelated trade or business" means in the case of any organization subject to the tax imposed by section 511, any trade or business the conduct of which is not substantially related (aside from the need of such organization for income or funds or the use it makes of the profits derived) to the exercise or performance by such organization of its charitable, educational, or other purpose or function constituting the basis for its exemption...
Страница 310 - In the case of a mutual savings bank not having capital stock represented by shares, a domestic building and loan association, and a cooperative bank without capital stock organized and operated for mutual purposes and without profit...
Страница 239 - ... if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses.
Страница 46 - An educational organization which normally maintains a regular faculty and curriculum and normally has a regularly enrolled body of pupils or students in attendance at the place where its educational activities are regularly carried on...
Страница 203 - II, shall be considered an organization exempt from income taxes for the purpose of any law which refers to organizations exempt from income taxes.