(a) Gifts after December 31, 1920If the property was acquired by gift after December 31, 1920, the basis shall be the same as it would be in the hands of the donor or the last preceding owner by whom it was not acquired by gift, except that if such basis (adjusted for the period before the date of the gift as provided in section 1016

(a) Sale or exchange of certain distributed property (1) Unrealized receivablesGain or loss on the disposition by a distributee partner of unrealized receivables (as defined in section 751(c)) distributed by a partnership, shall be considered as ordinary income or as ordinary loss, as the

(a) Treatment of certain stock purchases (1) Acquisition by related corporation (other than subsidiary)For purposes of sections 302 and 303, if— (A) one or more persons are in control of each of two corporations, and

) (after application of subparagraph (A)) for any calendar quarter shall not exceed $50,000. (2) Credit limited to employment taxesThe credit allowed by subsection (a) with respect to any calendar quarter shall not exceed the applicable employment taxes (reduced by any credits allowed under sections 3131 and 3132) on the wages paid with respect to the

(a) General ruleFor purposes of section 38, in the case of an eligible small employer, the small employer health insurance credit determined under this section for any taxable year in the credit period is the amount determined under subsection (b). (b) Health insurance credit amount

(a) Allowance of creditsThere shall be allowed as a credit— (1) against the tax imposed by section 4081 an amount equal to the sum of the credits described in subsections (b), (c), (e), and (k), and (2) against the tax imposed by

Unless otherwise provided, the definitions of this section govern for purposes of section 401(m) and the regulations thereunder. Actual contribution percentage (ACP). Actual contribution percentage or ACP means the ACP of the group of eligible employees as defined in

(a) In general. Except as provided in this section, §§1.141-0 through 1.141-15 apply to section 145(a). For example, under this section, §1.141-1, and

This section lists the major paragraph headings for §§1.1374-1 through 1.1374-10. §1.1374-1 General rules and definitions. (a) Computation of tax

The amount of taxes imposed by foreign countries and possessions of the United States shall be allowed as a credit against the tax imposed by this chapter to the extent provided in section 901 1

(a) Expenditure limitationsNo candidate shall knowingly incur qualified campaign expenses in excess of the expenditure limitation applicable under section 315(b)(1)(A) of the Federal Election Campaign Act of 1971, and no candidate shall knowingly make expenditures from his personal funds, or the personal funds of his immediate family

Editorial Notes Prior Provisions For provisions of prior sections 4375, 4381 to 4384, see Prior Provisions note preceding section 4371 of

of subsection (a), any taxes imposed on, or amounts to be paid or collected in respect of, distilled spirits, wines, and beer under— (1) section 5001(a)(4), (5), or (6), (2) section 5006(c) or (d), (3

(a) General ruleTaxes computed as provided in section 11 shall be imposed for each taxable year on the taxable income of every insurance company other than a life insurance company. (b) Alternative tax for certain small companies (1) In general

(a) Accrual method on present value basisIn the case of the lessor or lessee under any section 467 rental agreement, there shall be taken into account for purposes of this title for any taxable year the sum of— (1) the amount of the rent which accrues during such taxable year as determined under

decedent— (A) under section 2056 by reason of subsection (b)(7) thereof, or (B) under section 2523 by reason of subsection (f) thereof, and (2)

Pub. L. 90–26, §5, June 13, 1967, 81 Stat. 58, as amended by Pub. L. 99–514, §2, Oct. 22, 1986, 100 Stat. 2095, provided that: "(a) Funds which become available under the Presidential Election Campaign Fund Act of 1966 [

(1) For prohibition of suits to restrain assessment of any tax, see section 7421. (2) For prohibition of assessment of taxes against insolvent banks, see section 7507. (3) For assessment where property

Section 1.1471-2 provides rules for withholding under section 1471(a) on payments to FFIs, including the exception from withholding for payments made with respect to certain grandfathered obligations. Section 1.1471-3 provides rules for determining the payee of a payment and the documentation

(a) Treatment as expensesA taxpayer may elect to treat the cost of any section 179 property as an expense which is not chargeable to capital account. Any cost so treated shall be allowed as a deduction for the taxable year in which the section