CFR > Title 26 > Chapter I > Subchapter D > Part 53 > Subpart I – Tax On Investment Income of and Denial of Exemption to Certain Foreign Organizations
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| § 53.4948-1 | Application of taxes and denial of exemption with respect to certain foreign organizations |
Terms Used In CFR > Title 26 > Chapter I > Subchapter D > Part 53 > Subpart I - Tax On Investment Income of and Denial of Exemption to Certain Foreign Organizations
- Bequest: Property gifted by will.
- Decedent: A deceased person.
- Devise: To gift property by will.
- 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
- foreign: when applied to a corporation * * * means a corporation * * * which is not domestic. See 26 CFR 36.3121(l)(1)-1
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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.
- Legacy: A gift of property made by will.