by using the property's fair market value on that date. Nevertheless, the amount of the deficiency dividend the entity may deduct is limited, under §1.562-1(a), to the adjusted basis of the property and the amount taxable to the individual as a dividend is determined by reference to the current and accumulated earnings and profits for the year to which the determination applies.

are not affected by the actual sequence of steps taken by the sponsor. (2) Tiered arrangements—(i) Two or more REMICs formed pursuant to a single set of organizational documents. Two or more REMICs can be created pursuant to a single set of organizational documents even if for state law purposes or for Federal securities law purposes those documents create only one organization. The

the surety. Additional provisions applicable to bonds for alcohol fuel plants are found in subpart F of this part in §§19.155 through 19.157 and §§19.167 through 19.173. (b) Corporate surety. A company that issues bonds is called a

(b) The period for depreciation of an asset shall begin when the asset is placed in service and shall end when the asset is retired from service. A proportionate part of one year's depreciation is allowable for that part of the first and last year during which the asset was in service. However, in the case of a multiple asset account, the amount of depreciation may be determined by using what is commonly described as an “averaging convention”, that is, by using an assumed timing of

operations for the taxable year by reason of section 809(a)(1)), the amount of such excess shall be taken into account as a net decrease referred to in section 809(c)(2) and paragraph (a)(2) of §1.809-4 in determining gain or loss from operations. (2) Adjustment for increase. Section 810(b) provides that if the sum of the items

seizure, other than on premises qualified under this chapter or in transit thereto or therefrom, of any distilled spirits on which the tax has not been paid or determined, for any offense involving forfeiture of the same, the seizing officer is authorized to destroy the distilled spirits forthwith. Any destruction under this subsection shall be in the presence of at least one credible witness. The seizing officer shall make such report of said seizure and destruction and take such samples as the

(a) Tax-free alcohol. Tax-free alcohol on hand at the time of discontinuance of use, may be disposed of by (1) Returning the spirits to a distilled spirits plant, as provided in §22.151, (2) Destruction, as provided in

(a) You must control emissions from each curing oven or combined collection/curing operations as specified in Table 2 to this subpart. (b) You must meet the following operating limits for each curing oven or combined collection/curing operation: (1) Maintain the free-formaldehyde content of each resin lot and the formaldehyde content of each binder formulation at or below the specification ranges of

Any organization whose membership consists primarily of milk producers may apply for certification. Applicant organizations should supply information for certification using as a guide “Application for Certification of Organizations,” Form DA-26. Form DA-26 may be obtained from the Dairy Division, Agricultural Marketing Service, United States Department of Agriculture, Washington, DC 20250.

(a) General. Tolerances are established for residues of the herbicide, plant regulator, and fungicide 2,4-D, including its metabolites and degradates, in or on the commodities in the table below. Compliance with the tolerance levels is to be determined by measuring residues of 2,4-D (2,4-dichlorophenoxyacetic acid), both free and conjugated, determined as the acid, in or on the following commodities:

section 170 of title 26. (g) Grants to States for projects and productions; applications; terms and conditions of State plans; minimum allotments; excess appropriations; cost limitations; grants to regional groups; non-Federal funding; definitions (1) The Chairperson, with the advice of the National Council on the Arts, is authorized to

section 4041". 1988—Pub. L. 100–647 inserted reference to section 4051 of this title. 1978—Pub. L. 95–618 substituted "taxes imposed by sections 4064 and 4121" for "tax

(a) In generalA funding agreement for a grant under section 300x–21 of this title is that the State involved will— (1) annually conduct random, unannounced inspections to ensure that retailers do not sell tobacco products to individuals under the age of 21; and (2

(a) In generalA funding agreement for a grant under section 300x–21 of this title is that the State involved will— (1) annually conduct random, unannounced inspections to ensure that retailers do not sell tobacco products to individuals under the age of 21; and

) Content of notice. (d) Failure to submit certification. (e) Effective date. §1.43-4   Qualified enhanced oil recovery costs. (a) Qualifying costs. (1) In general. (2) Costs paid or incurred for an asset which is used to implement more than one qualified enhanced oil recovery project or for other

the principles of paragraph (a)(2) of §1.1245-3. (iv) If property described in subdivision (ii) of this subparagraph is stock or securities received in certain corporate transactions described in section 1251(d)(6), see paragraph (f) of §1.1251-4 for determination

(a) Name. The name of the viticultural area described in this section is “Hames Valley.” (b) Approved maps. The appropriate map for determining the boundary of the Hames Valley viticultural area is one U.S.G.S. 15 minute series topographical map, titled Bradley Quadrangle, California, edition of 1961, with a scale of 1:62,500.

§ 4170.1-1 Penalty for violations. (a) The authorized officer may withhold issuance of a grazing permit or lease, or suspend the grazing use authorized under a grazing permit or lease, in whole or in part, or cancel a grazing permit or lease and grazing preference, or a free use grazing permit or other grazing

extent of $50. The $10 gain (excess of $50 collection over $40 cost) is not a recovery of a section 111 item. Such gain is in no case excluded from gross income under section 111, regardless of whether the $40 recovery is or is not excluded. (3) Treatment of debt deducted in more than one year by reason of partial worthlessness. In the case of a bad debt deducted in part for two or more prior years, each such deduction of a part

For regulations concerning the lien for taxes, see §301.6321-1 of this chapter (Regulations on Procedure and Administration). [T.D. 7710, 45 FR 50747, July 31, 1980]

The Secretary— (1) shall issue a proposed rule implementing this part not later than 6 months after December 26, 2007; and (2) issue a final rule implementing this part not later than 1 year after December 26, 2007.

mandatory under state law to provide such services to handicapped persons; or (iii) To whom a state is required to provide a free appropriate public education under sec. 612 of the Education for All Handicapped Children Act of 1975, Pub. L. 94-142. (3) With respect to postsecondary and vocational education services, a handicapped person who meets the academic and technical standards requisite to admission or participation in the