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Extraction Summary
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Quotes
Document Information
Type:
Legal document (footnotes/citations page)
File Size:
851 KB
Summary
This document is a page of footnotes (numbered 7 through 23) from a larger legal memorandum or tax opinion included in the House Oversight Committee's release. It contains technical legal citations regarding U.S. tax code, specifically concerning the classification of business entities, trusts, 'Kintner Regulations,' QSub elections (Qualified Subchapter S Subsidiaries), and insurance companies. The latest date cited in the text is 1999, suggesting the document was created in or after that year.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| House Oversight Committee |
Source of the document release (Footer: HOUSE_OVERSIGHT_026593)
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| Internal Revenue Service (IRS) |
Implied by citations of Revenue Rulings (Rev. Rul.) and Treasury Decisions (TD)
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| U.S. Congress |
Cited in note 20: 106th Cong., 1st Sess.
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| Court of Appeals for the Second Circuit |
Cited as (CA-2, 1984)
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| Court of Appeals for the Ninth Circuit |
Cited as (CA-9, 1954)
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Key Quotes (2)
Full Extracted Text
Complete text extracted from the document (1,039 characters)
See Rothstein, 54 AFTR 2d 84-5072, 735 F2d 704, 84-1 USTC ¶9505 (CA-2, 1984) (discussed below). But see Rev. Rul. 85-13, 1985-1 CB 184.
7
The Kintner Regulations, promulgated in 1960, were derived from the case of Kintner, 46 AFTR 995, 216 F2d 418, 54-2 USTC ¶9626 (CA-9, 1954).
The Kintner Regulations, promulgated in 1960, were derived from the case of Kintner, 46 AFTR 995, 216 F2d 418, 54-2 USTC ¶9626 (CA-9, 1954).
8
TD 8697, 12/17/96.
TD 8697, 12/17/96.
9
Reg. 301.7701-3(a). A business entity is any entity that is not a trust. See Reg. 301.7701-2(a).
Reg. 301.7701-3(a). A business entity is any entity that is not a trust. See Reg. 301.7701-2(a).
10
Reg. 301-7701-3(b)(1).
Reg. 301-7701-3(b)(1).
11
Reg. 301-7701-3(b)(2)(i).
Reg. 301-7701-3(b)(2)(i).
12
Reg. 301-7701-3(b)(2)(ii).
Reg. 301-7701-3(b)(2)(ii).
13
Reg. 301.7701-3(a).
Reg. 301.7701-3(a).
14
Reg. 301-7701-2(a).
Reg. 301-7701-2(a).
15
Section 1361(b)(3)(B). Certain types of corporations are not eligible to make a QSub election (e.g., insurance companies subject to tax under Subchapter L of the Code). See Section 1361(b)(2).
Section 1361(b)(3)(B). Certain types of corporations are not eligible to make a QSub election (e.g., insurance companies subject to tax under Subchapter L of the Code). See Section 1361(b)(2).
16
Reg. 1.1361-4(a)(2).
Reg. 1.1361-4(a)(2).
17
Reg. 1.1361-4(a)(1)(i).
Reg. 1.1361-4(a)(1)(i).
18
Reg. 1.1361-4(a)(1)(ii).
Reg. 1.1361-4(a)(1)(ii).
19
Sections 856(a) and (c), and 857(a)(1).
Sections 856(a) and (c), and 857(a)(1).
20
See Section 857(c)(2); see also S. Rep't. No. 106-201, 106th Cong., 1st Sess. 55 (1999).
See Section 857(c)(2); see also S. Rep't. No. 106-201, 106th Cong., 1st Sess. 55 (1999).
21
Sections 856(i)(2) and (l)(1).
Sections 856(i)(2) and (l)(1).
22
Section 856(i)(1).
Section 856(i)(1).
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HOUSE_OVERSIGHT_026593
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