(a) General. Except in the case of fraudulent noncompliance, no claim for drawback shall be denied for a failure to comply with either 26 U.S.C. 5111-5114 or the requirements of this part, if the claimant establishes that spirits on which the tax has been paid or determined were in fact used in the manufacture of medicines

political division of a State, or the District of Columbia for nonbeverage purposes as provided in 26 U.S.C. 5214(a)(2) issued on form TTB F 5150.33 under part 22 of this chapter; (c) Upon receipt of a valid permit issued under this part to procure spirits by and for the use of the United States under the provisions of

(a) General ruleNo gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368(c)) of the corporation. (b

in section 2112 of title 28 of the United States Code. (b) Findings of factThe findings of fact by the Secretary of Labor, if supported by substantial evidence, shall be conclusive; but the court, for good cause shown, may remand the case to the Secretary of Labor to take further evidence, and the Secretary of Labor may thereupon make new or modified

There is hereby imposed on all imported distilled spirits withdrawn from customs custody under section 5232 without payment of the internal revenue tax, and thereafter withdrawn from bonded premises for beverage purposes, an additional tax equal to the duty which would have been paid had such spirits been imported for beverage purposes, less the duty previously paid thereon.

credit allowed by paragraphs (a) (1)(i) and (2)(i) of this section shall be computed based upon the amount of the taxable income annualized under the rules of section 443(b)(1) and §1.443-1(b)(1), or (2) (i) The credit allowed by paragraph (a)(1)(ii) of this section shall be computed based upon the total number of deductions for

§1.1368-2 Accumulated adjustments account (AAA). (a) Accumulated adjustments account. (1) In general. (2) Increases to the AAA. (3) Decreases to the AAA. (i) In general. (ii) Extent of allowable reduction. (iii) Decrease to the AAA for distributions. (4) Ordering rules for the AAA for taxable years beginning before January 1, 1997. (5) Ordering rules for the AAA for taxable years

(a) General ruleExcept as otherwise provided by regulations, for purposes of this title— (1) if a domestic corporation and a foreign corporation are stapled entities, the foreign corporation shall be treated as a domestic corporation. (2) in applying section 1563

(a) Overview. This section provides rules for the amortization of certain intangibles that are excluded from section 197 (relating to the amortization of goodwill and certain other intangibles). These excluded intangibles are specifically described in §1.197-2(c) (4), (6), (7), (11), and (13) and include certain computer software

preceding sentence shall be furnished on or before January 31 of the year following the calendar year for which the return under subsection (a) was required to be made. (e) DefinitionsFor purposes of this section, the terms "eligible educational institution" and "qualified tuition and related expenses" have the meanings given such terms by section 25A (without

Pub. L. 90–618, title II, §203(a), Oct. 22, 1968, 82 Stat. 1235. Amendments 2007—Pub. L. 110–28, §8246(a)(2)(C)(i)(I), substituted "Tax return preparer" for "Income tax return preparer" in section

The following rules apply in determining the number and size of employers, as required by the MSP provisions for the aged and disabled: (a) All employers that are treated as a single employer under subsection (a) or (b) of section 52 of the Internal Revenue Code (IRC) of 1986 (26 U.S.C. 52 (a) and (b)) are treated as a single employer.

(a) Payments for failure to maintain minimum essential health coverage. Any payments or assessments imposed on an individual or individuals pursuant to 26 U.S.C. 5000A(b) as a result of any failure to maintain minimum essential coverage as required by

Every manufacturer of tobacco products, processed tobacco, or cigarette papers and tubes, every importer, and every export warehouse proprietor shall keep such records in such manner as the Secretary shall by regulation prescribe. The records required under this section shall be available for inspection by any internal revenue officer during business hours.