Section 482 places a controlled taxpayer on a tax parity with an uncontrolled taxpayer by determining the true taxable income of the controlled taxpayer. This ...

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(a) General rule. (1) Section 1 of the Code imposes an income tax on the income of every individual who is a citizen or resident of the United States and, ...

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26 CFR § 1.132-5 - Working condition fringes. · (a) In general—(1) Definition. · (i) A service or property offered by an employer in connection with a flexible ...

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(a) General rule. Except as otherwise provided in subtitle A of the Code, the gain or loss realized from the conversion of property into cash, or from the ...

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(a) In general. (1) Research or experimental expenditures defined. The term research or experimental expenditures, as used in section 174, ...

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Editorial Note: IRS redesignated the following sections to appear below the undesignated center heading “Regulations Applicable to Certain Bonds Sold Prior ...

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Retailers, wholesalers, and other taxpayers that acquire property described in section 1221(1) for resale (resellers) must capitalize the direct costs of ...

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Paragraph (e)(1) of this section shall not apply to an individual\'s share of income, gain, loss, deduction, and credit for a taxable year from any activity in ...

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26 CFR § 1.132-6 - De minimis fringes. · (a) In general. · (b) Frequency—(1) Employee-measured frequency. · (2) Employer-measured frequency. · (c) Administrability.

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§ 1.121-1 Exclusion of gain from sale or exchange of a principal residence. (a) In general. Section 121 provides that, under certain circumstances, gross income ...

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