§ 1.970-1 Export trade corporations
§ 1.970-2 Elections as to date of determining investments in export trade assets
§ 1.970-3 Effective date of subpart G
§ 1.971-1 Definitions with respect to export trade corporations
§ 1.972-1 Consolidation of group of export trade corporations
§ 1.981-0 Repeal of section 981; effective dates
§ 1.981-1 Foreign law community income for taxable years beginning after December 31, 1966, and before January 1, 1977
§ 1.981-2 Foreign law community income for taxable years beginning before January 1, 1967
§ 1.981-3 Definitions and other special rules
§ 1.985-0 Outline of regulation
§ 1.985-1 Functional currency
§ 1.985-2 Election to use the United States dollar as the functional currency of a QBU
§ 1.985-3 United States dollar approximate separate transactions method
§ 1.985-4 Method of accounting
§ 1.985-5 Adjustments required upon change in functional currency
§ 1.985-6 Transition rules for a QBU that uses the dollar approximate separate transactions method for its first taxable year beginning in 1987
§ 1.985-7 Adjustments required in connection with a change to DASTM
§ 1.985-8 Special rules applicable to the European Monetary Union (conversion to euro)
§ 1.986(a)-1 Translation of foreign income taxes for purposes of the foreign tax credit
§ 1.986(c)-1 Coordination with section 965
§ 1.987-0 Section 987; table of contents
§ 1.987-1 Scope, definitions, and special rules
§ 1.987-1T Scope, definitions, and special rules (temporary)
§ 1.987-2 Attribution of items to eligible QBUs; definition of a transfer and related rules
§ 1.987-3 Determination of section 987 taxable income or loss of an owner of a section 987 QBU
§ 1.987-3T Determination of section 987 taxable income or loss of an owner of a section 987 QBU (temporary)
§ 1.987-4 Determination of net unrecognized section 987 gain or loss of a section 987 QBU
§ 1.987-5 Recognition of section 987 gain or loss
§ 1.987-6 Character and source of section 987 gain or loss
§ 1.987-6T Character and source of section 987 gain or loss (temporary)
§ 1.987-7 Section 987 aggregate partnerships
§ 1.987-8 Termination of a section 987 QBU
§ 1.987-8T Termination of a section 987 QBU (temporary)
§ 1.987-9 Recordkeeping requirements
§ 1.987-10 Transition rules
§ 1.987-11 Effective/applicability date
§ 1.987-12 Deferral of section 987 gain or loss
§ 1.988-0 Taxation of gain or loss from a section 988 transaction; Table of Contents
§ 1.988-1 Certain definitions and special rules
§ 1.988-1T Certain definitions and special rules (temporary)
§ 1.988-2 Recognition and computation of exchange gain or loss
§ 1.988-2T Recognition and computation of exchange gain or loss (temporary)
§ 1.988-3 Character of exchange gain or loss
§ 1.988-4 Source of gain or loss realized on a section 988 transaction
§ 1.988-5 Section 988(d) hedging transactions
§ 1.988-6 Nonfunctional currency contingent payment debt instruments
§ 1.989(a)-1 Definition of a qualified business unit
§ 1.989(b)-1 Definition of weighted average exchange rate

Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > export trade corporations

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Amortization: Paying off a loan by regular installments.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appraisal: A determination of property value.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corporation: includes associations, joint-stock companies, and insurance companies. See 26 CFR 36.3121(l)(1)-1
  • Decedent: A deceased person.
  • Dependent: A person dependent for support upon another.
  • domestic: when applied to a corporation * * * means created or organized in the United States or under the law of the United States or of any State or Territory. See 26 CFR 36.3121(l)(1)-1
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
  • Freedom of Information Act: A federal law that mandates that all the records created and kept by federal agencies in the executive branch of government must be open for public inspection and copying. The only exceptions are those records that fall into one of nine exempted categories listed in the statute. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Legacy: A gift of property made by will.
  • Legal tender: coins, dollar bills, or other currency issued by a government as official money. Source: U.S. Mint
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Trustee: A person or institution holding and administering property in trust.