CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Involuntary Liquidation and Replacement of Lifo Inventories
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§ 1.1321-1 | Involuntary liquidation of lifo inventories |
§ 1.1321-2 | Liquidation and replacement of lifo inventories by acquiring corporations |
Terms Used In CFR > Title 26 > Chapter I > Subchapter A > Part 1 > Involuntary Liquidation and Replacement of Lifo Inventories
- 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.
- 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.
- Dependent: A person dependent for support upon another.
- 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.
- foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
- stock: includes shares in an association, joint-stock company, or insurance company. See 26 CFR 36.3121(l)(8)-1