(a) Time for bringing judicial action. An action for judicial review described in 26 U.S.C. 7429(b) may be instituted by the taxpayer during the period beginning on the earlier of: (1) The date of the reviewing officer notifies the taxpayer of the determination described in

(a) General ruleGross income does not include any amount received as a qualified scholarship by an individual who is a candidate for a degree at an educational organization described in section 170(b)(1)(A)(ii). (b) Qualified scholarshipFor purposes of this section—

(a) General rule (1) Gains exceed lossesIf— (A) the section 1231 gains for any taxable year, exceed (B) the section 1231

(a) Computation of gain or lossThe gain from the sale or other disposition of property shall be the excess of the amount realized therefrom over the adjusted basis provided in section 1011 for determining gain, and the loss shall be the excess of the adjusted basis provided in such section for determining loss over the amount realized

The term "qualified empowerment zone asset" means any property which would be a qualified community asset (as defined in section 1400F) 1 if in section 1400F 1— (i

(a) General ruleIn the case of a citizen or resident of the United States, there shall be allowed as a credit against the tax imposed by section 2501 for each calendar year an amount equal to— (1) the applicable credit amount in effect under

(a) Allowance of creditA nonresident alien individual or a foreign corporation engaged in trade or business within the United States during the taxable year shall be allowed a credit under section 901 for the amount of any income, war profits, and excess profits taxes paid or accrued during the taxable year to any foreign country or

(a) Basis adjustment (1) In generalExcept as provided in paragraph (2), if property is transferred in a generation-skipping transfer, the basis of such property shall be increased (but not above the fair market value of such property) by an amount equal to that portion of the tax imposed by

(1) Requirements of model provisions (A) Model regulationThe following requirements of the model regulation must be met: (i) Section 13 (relating to application forms and replacement coverage). (ii)

making demand for such written statements, the trust shall inform each such shareholder of his duty to submit at the time he files his income tax return (or before July 1, 1962, whichever is later) the statements which are required by §1.857-9 if he fails or refuses to comply with such demand. A list of the persons failing or refusing to comply in whole or in part with the trust's demand for statements

(a) General ruleIf a determination (as defined in section 1313) is described in one or more of the paragraphs of section 1312 and, on the date of the determination, correction of the effect of the error referred to in the applicable