(B) is held primarily for sale to customers in the ordinary course of the taxpayer's trade or business, (C) is held by a bank (as defined in section 581), (D) is held by a regulated investment company or a common trust fund, (E) is identified by the taxpayer under

(a) In generalIf a person who is required to file a return under section 6111(a) with respect to any reportable transaction— (1) fails to file such return on or before the date prescribed therefor, or (2) files false or incomplete information with the Secretary

Seaway Development Corporation pursuant to section 13(a) of the Act of May 13, 1954, or (3) credited to the Harbor Maintenance Trust Fund as provided in section 9602(b). (b) Transfer to Harbor Maintenance Trust Fund of amounts equivalent

association giving the bond may appeal from such disapproval to the Secretary of the Treasury or an officer designated by him to hear such appeals, and the disapproval of the bond by the Secretary of the Treasury or officer designated to hear such appeals shall be final. (d) Removal of bond requirements (1) In generalDuring any period to which subparagraph (A) of

time for filing the return). (b) Exceptions (1) Income tax not computed by taxpayerIf the taxpayer elects under section 6014 not to show the tax on the return, the amount determined by the Secretary as payable shall be paid within 30 days after the mailing by the Secretary to the taxpayer of a notice

sections 5711 and 5712. A new permit may be required at such other time as the Secretary shall by regulation prescribe. (b) Suspension or revocation (1) Show cause hearingIf the Secretary has reason to believe that any person holding a permit— (A) has not in good

occurring within 2 years after the first day of the first period with respect to which contributions are required; (3) all money received in the unemployment fund shall (except for refunds of sums erroneously paid into such fund and except for refunds paid in accordance with the provisions of section 3305(b)) immediately upon such receipt be paid over to the Secretary of

(a) General rule. Under section 995 (b)(2), a shareholder of a corporation which is disqualified from being a DISC, either because pursuant to §1.992-2(e)(2) it revoked its election to be treated as a DISC or because it has failed to satisfy the requirements as set forth in

(a) In generalWithin 90 days after the date on which a notice of a final partnership adjustment is mailed under section 6231 with respect to any partnership taxable year, the partnership may file a petition for a readjustment for such taxable year with— (1) the Tax Court,

(a) General ruleIf— (1) an election by a personal service corporation under section 444 is in effect for a taxable year, and (2) such corporation does not meet the minimum distribution requirements of subsection (c) for such taxable year,

(a) In generalEach United States person who— (1) transfers property to— (A) a foreign corporation in an exchange described in section 332, 351, 354, 355, 356, or 361, or (B) a foreign partnership in a contribution described in

(a) In general. An eligible taxpayer that elects the application of section 468A pursuant to the rules contained in §1.468A-7 (an electing taxpayer) is allowed a deduction for the taxable year in which the taxpayer makes a cash payment (or is deemed to make a cash payment as provided in paragraph (c) of this section) to a nuclear

(a) Payments made outside the United States for prepaid ordersIf the payment upon which tax is imposed by section 4261 is made outside the United States for a prepaid order, exchange order, or similar order, the person furnishing the initial transportation pursuant to such order shall collect the amount of the tax.

which persons described in subparagraph (A), (B), (C), or (D) hold more than 35 percent of the beneficial interest, (H) only for purposes of section 4943, a private foundation— (i) which is effectively controlled (directly or indirectly) by the same person or persons who control the private foundation in question, or

§70.162(a) of this part. The appropriate TTB officer may levy upon any property, or rights to property, whether real or personal, tangible or intangible, belonging to the taxpayer. The appropriate TTB officer may also levy upon property with respect to which there is a lien provided by 26 U.S.C. 6321 for the payment of the tax. For exemption of

(a) Amount of creditFor purposes of section 38, the amount of the empowerment zone employment credit determined under this section with respect to any employer for any taxable year is the applicable percentage of the qualified zone wages paid or incurred during the calendar year which ends with or within such taxable year.

(a) Adjustments of overwithheld tax—(1) In general. Except for partnerships or nominees required to withhold under section 1446, a withholding agent that has overwithheld under chapter 3 of the Internal Revenue Code, and made a deposit of the tax as provided in §1.6302-2(a) may adjust the

the competitive service. Such employees shall be subject to removal by the Tax Court. (4) PayThe Tax Court may fix and adjust the compensation for the clerk and other employees of the Tax Court without regard to the provisions of chapter 51, subchapter III of chapter 53, or section 5373 of title 5, United States Code. To the maximum extent feasible

amount in effect for such calendar year under section 6041(a), then the service-recipient shall make a return, according to the forms or regulations prescribed by the Secretary, setting forth the aggregate amount of such payments (including a separate accounting of any such amounts reasonably designated as cash tips and the occupation described in

an option described in section 423(c) (relating to special rule where option price is between 85 percent and 100 percent of value of stock), shall, for such calendar year, make a return at such time and in such manner, and setting forth such information, as the Secretary may by regulations prescribe. (b) Statements to be

This section lists the paragraphs contained in §§1.367(b)-1 through 1.367(b)-13. §1.367(b)-1   Other transfers. (a) Scope. (b

owned (with the application of section 318), or had the right (either alone or in conjunction with any person) to vote, stock possessing at least 20 percent of the total combined voting power of all classes of stock. (3) Coordination with section 2035For

upon which a report giving the name of the person to whom the refund or credit is to be made, the amount of such refund or credit, and a summary of the facts and the decision of the Secretary, is submitted to the Joint Committee on Taxation. (b) Tentative adjustmentsAny credit or refund allowed or made under section 6411 shall be made without regard to