Je veux savoir à propos de…

1

FEDERAL
VOLUME 19

REGISTER
1934
i/A /I T E O

NUMBER 16

Washington, Saturday, January 23, 1954
T

TITLE 26 INTERNAL REVENUE
Chapter I Internal Revenue Service, Department of the Treasury Subchapter A Income and Excess Profits Taxes Reg. 130; T. D. 6061
Part 40E xcess P rofits T a x ; T axable Years E nding A fter J u n e 30, 1950
ASCERTAINMENT OF AMOUNT OF
adju stm en t ; interest
Regulations 130 amended to correct the example in 40.452-4 f, relating
to adjustment in case of position incon sistent with prior income tax liability.

Regulations 130 26 CFR Part 40 are hereby amended as follows:
P aragraph
1. Section 40.452-4

f,
which contains an example illustrating the computation of an adjustment in the case of a position inconsistent with prior income tax liability, is amended as follows:

A By striking out the computation following the colon in the third undes ignated paragraph of paragraph f and inserting in lieu thereof the following:
Tax previously determined for 1946- $28, 500
Normal-tax net income $75,000
and surtax net income $75,000
on which tax previously deter mined was based______ ________
Plus: Ordinary loss previously al lowed under section 117 j ex cess of $25,000 loss on exchange with Y Corporation over $10,000
gain on sale of other depreciable business property______________
Ordinary norm al-tax n e t in com e-------------------------------Ordinary surtax n et incom e_______

15,000
90,000
90, 000

36,700
28,500

Increase in tax_____ .________
Interest on increase in tax_______

8,200
1,968

Total increase for 1946____ -

Net increase am ount of ad justm en t authorized______

9, 579

P ar. 2. Section 40.452-5 b, relating to the deductibility of the portion of the adjustment under section 452 which rep resents interest, is amended by substitut ing $1,854 for $942 and $1,968 for $1,056.
Because this Treasury decision merely corrects an erroneous computation in the regulations, it is found to be unnec essary to issue this Treasury decision with notice and public procedure there on under section 4 a of the Administra tive Procedure Act, approved June 11, 1946, or subject to the effective date limitation of section 4 c of that act.
53 Stat. 32, 467; 26 U. S. C. 62, 3791
seal

T . C oleman A n d r e w s ,
Commissioner of Internal Revenue.
Approved: January 19,1954.
M. B. F olsom , Acting Secretary of the Treasury.
F. R. Doc. 54473; Filed, Jan. 22, 1954;
8:51 a. m .

TITLE 7 AGRICULTURE
75, 000

Tax as recomputed 38 percent of $90,000 plus 25 percent of $10,000 gain from sale of deprecia ble business property_________
Tax previously determ ined______

10,1C

By striking out the computatio ollowing the colon in the last undesig hated paragraph of paragraph f an inserting ip lieu thereof the foUowing:
B

Increase for 1946 X Corporation_$10,168
Less: Decrease for 1946 Y Corpora 589
t io n ____________ _______________

Chapter VII Commodity Stabiliza tion S e r v i c e Farm Marketing Quotas, Department of Agriculture P art 721C orn PROCLAMATION OF ACREAGE ALLOTMENT FOR
1954 IN THE COMMERCIAL CORN-PRODUC
ING AREA
Sec.
721.505 Basis and purpose.
721.506 1954 acreage allotm ent for corn.
A u th o r ity : 721.505 and 721.506 issued under sec. 375, 52 Stat. 66, as amended; 7
U. S. C. 1375. Interpret or apply secs. 301,328, 52 Stat. 38, 52; 7 U. S. C. 1301, 1328.

721.505 Basis and purpose. Section 721.506 is issued under sections 301 and 328 of the Agricultural Adjustment Act of 1938, as amended. Its purpose is to announce the acreage allotment for 1954
for the commercial corn-producing area.
Continued on n ext page
CONTENTS
Agricultural Marketing Service Proposed rule making:
Milk in Cincinnati, Ohio_____ _
Rules and regulations:
Lemons grown ih California and Arizona; limitation of shipments_________________
Oranges, navel, grown in Ari zona and designated part of California; limitation of han dling______________________
Agriculture Department See Agricultural Marketing Serv ice; Commodity Stabilization Service.
Alien Property Office Notices: .
Ronkendorf, Henry Peter;
amended vesting order_____
Army Department Rules and regulations:
Payments on behalf of mentally incompetent personnel; re tired and retirement pay__
Procurement; generalprovi sions, labor; miscellaneous amendments______________ _
Census Bureau Notices:
Determination notices:
Annual survey of sales, credit business, bad debt losses and operating expenses of wholesalers____ _________
Receipts of service establish ments with certain supple mentary data for motion picture theaters, hotels, motels and tourist courts, and laundry and cleaning establishments___________
Civil Aeronautics Board Rules and regulations:
Mechanic and repairman certif icates; mechanical experi ence______________________
Commerce Department See Census Bureau.
Commodity Stabilization Service Rules and regulations:
Corn-producing area, commer cial; proclamation of acreage allotment, 1954____________
409

Page
414

412

411

417

413
413

417

417

413

409