self-employment. However, amounts excepted in determining net earnings from self-employment under section 1402(a)(1)-(17), and thus excluded from self-employment income under section 1402(b), are not taken into account in determining self-employment income and thus may be included in net investment income if such amounts are described in §1.1411-4. Except as provided in paragraph (b) of this section

(a) General ruleFor purposes of section 38, the marginal well production credit for any taxable year is an amount equal to the product of— (1) the credit amount, and (2) the qualified crude oil production and the qualified natural gas production which is attributable

(a) Computation of reservesIn the case of a modified guaranteed contract, clause (ii) of section 807(e)(1)(A) shall not apply. (b) Segregated assets under modified guaranteed contracts marked to market (1) In generalIn the case of any

(a) Tax imposedThere is hereby imposed a tax equal to the product of the rate of tax under section 11 and the sum of— (1) so much of the remuneration paid (other than any excess parachute payment) by an applicable tax-exempt organization for the taxable year with respect to employment of any covered

as provided in chapter 1 but without regard to the carryback of any net operating loss or net capital loss and without regard to this section) which is attributable to the operation of the agreement vessels in the foreign or domestic commerce of the United States or in the fisheries of the United States, (B) the amount allowable as a deduction under section 167 for

(a) Year in which partnership income is includibleIn computing the taxable income of a partner for a taxable year, the inclusions required by section 702 and section 707(c) with respect to a partnership shall be based on the income, gain

the United States. (b) Cross references (1) For definition of manufacturer of stills, see section 5102. (2) For definition of dealer, see section 5121(c)(3). (3) For

(a) Information statement required. A loss corporation must include a statement entitled, “STATEMENT PURSUANT TO §1.382-11(a) BY [INSERT NAME AND EMPLOYER IDENTIFICATION NUMBER OF TAXPAYER], A LOSS CORPORATION,” on or with its income tax return for each taxable year that it is a loss corporation in which an owner shift, equity structure shift or other transaction described in

excess profits taxes. (4) The GST tax imposed on income distributions. In addition, there shall be allowed as a deduction State and local, and foreign, taxes not described in the preceding sentence which are paid or accrued within the taxable year in carrying on a trade or business or an activity described in section 212 (relating to

(a) In general. If a domestic or foreign partnership has effectively connected taxable income (ECTI) as computed under §1.1446-2 for any partnership tax year, and any portion of such taxable income is allocable under section 704 to a foreign partner, then the partnership must pay a withholding tax under section 1446 (1446 tax) at

(a) General ruleIn the case of a domestic corporation subject to the tax imposed by section 11 or 801, if the value of any security (as defined in section 165(g)(2))— (1) which became worthless by reason of

It shall be unlawful for any person— (a) to engage in business as a manufacturer or importer of, or dealer in, firearms without having paid the special (occupational) tax required by section 5801 for his business or having registered as required by

The manufacturer who removes tobacco products, or cigarette papers or tubes under this part shall be liable for the taxes imposed thereon by 26 U.S.C. 5701, until such tobacco products, or cigarette papers or tubes are received by the Federal agency. Any person who possesses tobacco products, or cigarette papers or tubes in violation of

. (2) Limitation based on earnings and profits. The election provided in section 858(a) may be made only to the extent that the earnings and profits of the taxable year (computed with the application of sections 857(d) and §1.857-7) exceed the total amount of distributions out of such earnings and profits actually made during

(a) Requirement of furnishing statement to recipient. Every person filing a Form 1099 under section 6049(a) and §1.6049-4(e) shall furnish to the person whose identifying number is required to be shown on the form a written statement showing the information required by paragraph (b) of this section. With respect to interest other

(i) except as provided in clause (ii) or (iii), $10,000, (ii) in the case of a separate return by a married individual (as defined in section 7703), $5,000, and (iii) in the case of a trust, zero. (2) Allocation of dollar limit

expenditures for depreciable propertySuch term shall not include any expenditure for the acquisition of property of a character subject to the allowance for depreciation which is used in connection with the abatement or control of hazardous substances at a qualified contaminated site; except that the portion of the allowance under section 167 for such property which is otherwise allocated to such site

exchange or training programsCompensation paid by a foreign employer to a nonresident alien individual for the period he is temporarily present in the United States as a nonimmigrant under subparagraph (F), (J), or (Q) of section 101(a)(15) of the Immigration and Nationality Act, as amended. For purposes of this paragraph, the term "foreign employer" means— (A

following noise certification reference atmospheric conditions which shall be assumed to exist from the surface to the aircraft altitude: (1) Sea level pressure of 2,116 psf (1,013.25 hPa). (2) Ambient temperature of 77 degrees F (25 degrees C). (3) Relative humidity of 70 percent. (4) Zero wind. (b)

(a) Income includible in computing unrelated business taxable income. In the case of a foreign organization that is described in section 501(c), amounts paid or effectively connected taxable income allocable to the organization that are includible under section 512 and section 513 in computing the organization's unrelated business taxable income are subject to withholding under