26 U. S. Code § 1374 - Tax imposed on certain built-in gains For purposes of determining the amount of any such loss which may be carried to subsequent taxable years, the amount of the net recognized built-in gain shall be treated as taxable income
1374 - Wikipedia Year 1374 (MCCCLXXIV) was a common year starting on Sunday of the Julian calendar April 23 – In recognition of his services, Edward III of England grants the English writer Geoffrey Chaucer a gallon of wine a day, for the rest of his life June 24 – The illness dancing mania begins in Aix-la-Chapelle (Aachen), possibly due to ergotism
Today in History: June 24th, 1374 - The Vintage News On June 24, 1374, the city of Aachen in Germany witnessed a strange and massive outbreak of what we now call "dancing mania " This bizarre event saw large groups of people dancing uncontrollably in the streets The dancers moved wildly and continuously, often until they collapsed from exhaustion
IRC Section 1374 Internal Revenue Code Section 1374 Tax imposed on certain built-in gains (a) General rule If for any taxable year beginning in the recognition period an S corporation has a net recognized built-in gain, there is hereby imposed a tax (computed under subsection (b) ) on the income of such corporation for such taxable year (b) Amount of tax
1374 - Simple English Wikipedia, the free encyclopedia 1374 (MCCCLXXIV) was a common year starting on Sunday of the Julian calendar, the 1374th year of the Common Era (CE) and Anno Domini (AD) designations, the 374th year of the 2nd millennium, the 74th year of the 14th century, and the 5th year of the 1370s decade
Part I Section 1374. –Tax Imposed on Certain Built-In Gains 26 CFR 1. . . . Section 1374 imposes a corporate-level tax on an S corporation’s net recognized built-in gain during the recognition period in the case of a C corporation’s conversion to S corporation status (§ 1374(a)) or an S corporation’s acquisition of assets in a transaction in which the S corporation’s basis in the acquired assets is determined by
SECTION 1374. Tax imposed on certain built-in gains - Bloomberg Law If for any taxable year beginning in the recognition period an S corporation has a net recognized built-in gain, there is hereby imposed a tax (computed under subsection (b)) on the income of such corporation for such taxable year