1. Current Internal Revenue Code:SEC. 112: Combat Zone Exclusion.
  (a) Excludes from gross income compensation paid to noncommissioned U.S. Armed Forces personnel serving in a combat zone or hospitalized as a result of wounds, disease, or injury incurred while serving in a combat zone.
  (b) Excludes a portion of the compensation paid to commissioned officers of the U.S. Armed Forces.  
  2. Only the following taxes under Reg. 1.164-1 shall be allowed as a deduction for the taxable year within which paid or accrued, according to the method of accounting used in computing taxable income:
(1) State and local, and foreign, real property taxes.
(2) State and local personal property taxes.
(3) State and local, and foreign, income, war profits, and excess profits taxes.
  (4) State and local general sales taxes.
  (5) State and local taxes on the sale of gasoline, diesel fuel, and other motor fuels.
  3. United States Tax Cases (1913-1999), [86-1 USTC ¶9446], Vukasovich, Inc., Petitioner-Appellee v. Commissioner of Internal Revenue, Respondent-Appellant , (June 02, 1986), U.S. Court of Appeals, Ninth Circuit, (Jun. 2, 1986)
  4. Repairs, Number of hits: 101071
Auto repairs: Numbers of hits: 39985
  5. A. Laws 0 hits
B. Regulations 0 hits
C. Cases 0 hits
6. Tax Research Consultant, ESTGIFT: 3050, What Is a Gift
Gift is transfer of property for less than full consideration. Competent donor must deliver property to donee and surrender control over it. Property does not include services. Enforceable promise to make gift is subject to tax. Gift cannot be rescinded. Revaluation clauses that change nature of transfer are disregarded. Bargain sales in ordinary course of business are not gifts. If donee pays gift tax, smaller gift is made.
The gift tax applies to a transfer of property by gift whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property transferred is real, personal, tangible or...