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Topic: Revenue Act of 1978

	[No title]
		Revenue Act of 1916 The Revenue Act of 1916 was primarily concerned with raising revenue through a general increase in the marginal tax rates applicable to individuals.
		Revenue Act of 1918 The Revenue Act of 1918 was one of the largest tax increases in American history.
		Revenue Act of 1924 The Revenue Act of 1924 corrected the imbalance in the tax treatment of long-term capital losses created by the 1921 Act, by establishing a symmetrical treatment between long-term gains and losses.
	countingcalifornia.cdlib.org /crs/ascii/98-473 (5326 words)

	[No title]
		The IRS Acting District Director, North Florida District, and the Assistant Commissioner (Examination), each responded to members of the Congress concerning these complaints, stating that revenue officers in the RCP group were all working in accordance with IRS policies and procedures, and that the revenue officers received training specific to their involvement in the project.
		Revenue officers in the RCP group did not prepare workpapers documenting the scope of the examinations, the procedures followed, or the conclusions reached.
		The revenue officer told the taxpayer to convert his workers to employees and warned the taxpayer that IRC Section 6020(b) would be used for six years, and that the taxpayer would also be referred to Examination if he did not convert the employees.
	www.ustreas.gov /tigta/auditreports/reports/190303fr.html (6893 words)

	26 CFR PART 5 (Site not responding. Last check: 2007-11-06)
		This section prescribes a regulation for applying sections 301 (a) and (b) (19), and 106, of the Revenue Act of 1978 (the Act) in the case of certain taxable years of component members of a controlled group of corporations (as defined in section 1563 of the Internal Revenue Code).
		Section 106 of the Act amends section 21 of the Code (relating to effect of changes in rate of tax) to provide that the amendments made by section 301 of the Act shall be treated as a change in a rate of tax.
		Since the amendments made by section 301 of the Act are effective for taxable years beginning after December 31, 1978, under the amendment to section 21 the effective date of the change in rate of tax is January 1, 1979.
	www.washingtonwatchdog.org /documents/cfr/title26/part5.html (2620 words)

	revrul80-199
		Accounts payable that were transferred to a corporation in a section 351 exchange prior to the enactment of the Revenue Act of 1978 and that would have deductible by the transferor if paid are not liabilities for purposes of sections 357(c) and 358(d) of the Code; Rev. Rul.
		The Internal Revenue Service treated all of the liability obligations including the accounts payable as liabilities within the meaning of section 357(c), and determined that the taxpayer incurred a gain, by reason of section 357(c), in the amount by which the liabilities assumed by the corporation exceeded the adjusted basis of the assets transferred.
		Further, this revenue ruling is not to be relied upon for an interpretation of the term 'liability' for any provision of the Code or Income Tax Regulations thereunder, other than sections 357 or 358(d), because in Focht the Tax Court properly limited its interpretation of the term to those sections.
	www.taxlinks.com /rulings/1980/revrul80-199.htm (830 words)

	Keku Kamalani (Site not responding. Last check: 2007-11-06)
		The name of this article is Revenue Act of 1971: A Summary.
		The Revenue Act of 1971 (Public Law 92-178) was signed into law by President Nixon on Dec. 10, 1971.
		Basically the Revenue Act of 1971 allowed people who filed income taxes the opportunity to checkmark a box which allocated funds to a presidential candidate of a specificied party or to a non partisan general fund.
	www.unlv.edu /Faculty/facklert/POS411/studentreports/kamalani1.htm (394 words)

	INDEPENDENT CONTRACTOR/EMPLOYEE AUDITS IRS AUDITS OF INDEPENDENT CONTRACTOR EMPLOYEE STATUS Recent protections added
		The Internal Revenue Service reported in 1988 that in the first year 92% of the taxpayers examined on the issued of worker classification were confronted with additional tax assessments.
		Section 530 of the Revenue Act of 1978, as amended, is not part of the Internal Revenue Code (IRC).
		Although the Internal Revenue Service has a policy of not pursuing officers of companies for personal liability in cases where IRC § 3509 rates have been applied, it has pursued officers of companies when the higher assumed rates of liability were imposed.
	www.mckenzielaw.com /INDEPEND.html (6500 words)

	Brookings: Campaign Finance Reform: Sourcebook, Abridged, Chapter 2 (Site not responding. Last check: 2007-11-06)
		The act revised the disclosure rules to account for the financial activity that led to the Teapot Dome scandal by requiring all multistate political committees (as well as House and Senate candidates) to file quarterly reports that included all contributions of $100 or more, even in nonelection years.
		The Pendleton Act sought to restrain the influence of the spoils system in the selection of civil service workers and to reduce the reliance of party organizations on the assessment of federal officeholders as a source of campaign revenue.
		Another important feature of the Revenue Act was the creation of a federal income tax credit or tax deduction for small contributions to political candidates at all levels of government and to some political committees, including those associated with national party organizations.
	www.brook.edu /dybdocroot/gs/CF/sourcebk/CHAP2.HTM (5024 words)

	revrul87-41
		Section 530(d) of the 1978 Act does not affect the determination of whether such workers are employees under the common law rules.
		Rather, it merely eliminates the employment tax relief under section 530(a) of the 1978 Act that would otherwise be available to a taxpayer with respect to those workers who are determined to be employees of the taxpayer under the usual common law rules.
		Because of the application of section 530(b) of the 1978 Act, no inference should be drawn with respect to whether the Individual in Situations 2 and 3 is an employee of the Client for federal employment tax purposes.
	www.taxlinks.com /rulings/1987/revrul87-41.htm (3924 words)

	Projecting Federal Tax Revenues and the Effect of Changes in Tax Law
		For example, it is possible to identify the revenues produced by a new tax, such as the luxury tax on automobiles enacted in 1990, but even then it is difficult to assess the accuracy of the revenue estimates for the legislation because economic conditions change.
		The Revenue Act of 1978 increased the partial exclusion for capital gains from 50 percent to 60 percent, which had the effect of reducing the top tax rate on capital gains from 35 percent to 28 percent.
		Although JCT prepared separate estimates of the revenue effect of the capital gains provisions in the 1978 act, it did not produce separate estimates of the change in capital gains realizations or in the revenues from gains that resulted from the change in the tax rate for the 1981 and 1986 acts.
	www.cbo.gov /showdoc.cfm?index=1049&sequence=0&from=1 (6617 words)

	Tax Executive, The: Taxes and public entity employees: the scope of section 530 of the Revenue Act of 1978 (Site not responding. Last check: 2007-11-06)
		In certain circumstances, section 530 of the Revenue Act of 1978(1) provides relief from worker classification controversies regarding "employment taxes" imposed under subtitle C of the Internal Revenue* Code.
		This article examines the language, legislative history, and policy underlying section 530 of the 1978 Act in the context of the imposition of employment tax liability on state and local government.
		The literal language of section 530 of the 1978 Act, which extends the relief provided to qualifying "taxpayers" of employment taxes imposed by subtitle C of the Code,(28) thus appears to apply to a governmental entity subject to FICA tax.
	www.findarticles.com /p/articles/mi_m6552/is_n5_44/ai_12698444 (756 words)

	WDP -1706 Tax Update- (Site not responding. Last check: 2007-11-06)
		The Internal Revenue Code (the "Code") does not contain any definition or rules dealing with the issue of when a worker should be characterized for tax purposes as an employee, rather than as an independent contractor ("IC").
		In the absence of a statutory definition, the Internal Revenue Service ("IRS") was forced to consider using the "common law" test for determining the tax status of a worker.
		In 1978, Congress responded to these complaints by passing a "safe harbor" provision known as Section 530 of the Revenue Act of 1978 ("Section 530").
	www.wdpinc.com /1706_Tax (1402 words)

	revrul83-16
		However, the corporation asserts that it has shown, in some other manner, a reasonable basis for not treating them as employees because it had signed service contracts with the trusts and was paying for contract services rather than for services of employees.
		The revenue ruling holds that the assignment is ineffective as a means of avoiding the employee's income tax liability with respect to the payments for the services, and the payments are wages for purposes of the Federal Insurance Contributions Act and income tax withholding.
		In the present case, the trust arrangement is ineffective to alter the income and employment tax consequences of the doctor's performance of services for the corporation, even though payment for the services is made to the trust.
	www.taxlinks.com /rulings/1983/revrul83-16.htm (442 words)

	UNITED STATES DISTRICT COURT
		In Revenue Ruling 65-165, the IRS determined, among other things, that blind individuals who were being trained in a charitable organization's sheltered workshop under a program of rehabilitation were not employees of the organization for Federal employment tax purposes.
		The language of Section 530(b) is clear--it applies only to a "regulation" or "revenue ruling." No reason exists to read the statute otherwise, for it is clear that the IRS is not bound to follow, with respect to Hope, the private letter rulings on which Hope relies.
		For the foregoing reasons, the court grants the United States' motion to dismiss Hope's claim alleging violation of Section 530(b) of the Revenue Act of 1978.
	www.michbar.org /opinions/district/2000/021600/6339.html (1571 words)

	[No title]
		The 1982 regulations provided guidance for complying with the changes to the applicable tax law made by the Revenue Act of 1978 relating to deferred compensation plans maintained by state and local governments and rural electric cooperatives.
		Comments were requested on arrangements, such as those maintained by certain state or local governmental educational institutions, under which supplemental compensation is payable as an incentive to terminate employment, or as an incentive to retain retirement-eligible employees, to ensure an appropriate workforce during periods in which a temporary surplus or deficit in workforce is anticipated.
		However, except to the extent set forth by the Commissioner in revenue rulings, notices, and other guidance published in the Internal Revenue Bulletin, this section applies to amounts held in a separate account for eligible rollover distributions maintained by an eligible governmental plan as described in § 1.457-10(e)(2).
	www.ustreas.gov /press/releases/reports/td9075finalregs457.doc (14788 words)

	Shela Crouch (Site not responding. Last check: 2007-11-06)
		The Revenue Act of 1971, signed into law by Nixon, established the individual income tax check-off system, fro presidential campaign contributions ($1.00 single and $2.00 joint).
		The Revenue Act of 1971 also provided tax credits and deductions for political contributions.
		Therefore, in the Revenue Act of 1978, it eliminated the tax deduction for political contributions, and doubled the maximum tax credit from $25.00 (single) and $50.00 (joint) to $50.00 (single) and $100.00 (joint).
	www.unlv.edu /faculty/facklert/POS411/studentreports/crouch1.htm (315 words)

	Revenue Act - Wikipedia, the free encyclopedia (Site not responding. Last check: 2007-11-06)
		A number of tax-related laws enacted by the United States Congress have been called the Revenue Act:
		The Revenue Act of 1764 was a law passed by Great Britain to enforce the provisions of the Sugar Act.
		This is a disambiguation page — a list of pages that otherwise might share the same title.
	en.wikipedia.org /wiki/Revenue_Act (103 words)

	Chancellor & Chancellor, Inc.
		Section 530 of the 1978 Revenue Act, colloquially known as "Safe Haven" was created to provide some protection for businesses employing independent contractors.
		A procedural amendment to Section 530 of the Revenue Act of 1978 was enacted under Section 1122 of the Small Business Job Protection Act of 1996 (H.R. Let's look at the impact of this amendment.
		The Revenue Act of 1978 produced Section 530 to address the controversies that were arising between the IRS and business taxpayers over whether businesses had correctly classified certain workers as self employed, i.e., independent contractors, rather than as employees.
	www.chancellor.com /compliance/section530.html (620 words)

	AICPA Corporate Tax
		Other provisions of the bill shift the burden of proof to the Internal Revenue Service if the service recipient establishes a prima facie case that it was reasonable to treat the worker as an independent contractor and the service recipient has fully cooperated with the IRS.
		The result was the safe-harbor provision (section 530) of the Revenue Act of 1978.
		It did not codify section 530 (section 530 is not part of the Internal Revenue Code) or eliminate the common law category of employee; despite the intentions of section 1122, a number of divergent authorities continue to make determining worker classification very difficult for taxpayers.
	www.aicpa.org /pubs/jofa/jun97/wrkcls.htm (1909 words)

	Employee Benefit Research Institute - EBRI
		The Revenue Act of 1978 added permanent provisions to the IRC, sanctioning the use of salary reductions as a source of plan contributions.
		The Tax Reform Act of 1984 (TRA '84) modified the rules for 401(k) plans by, among other things, requiring nondiscrimination testing to ensure that contributions or benefits under tax-qualified plans do not discriminate in favor of highly compensated employees by more than an allowable amount.
		This was done in response to the Taxpayer Relief Act of 1997, in which Congress specifically instructed both the IRS and the Department of Labor to develop guidance and regulations relating to retirement plan notification, consent, and other employee communications in light of new technologies.
	www.ebri.org /publications/facts/index.cfm?fa=1200fact (852 words)

	NASE - Legislative BriefsAdvocacy Home
		The bill is designed to provide certainty for businesses that enter into independent-contractor relationships and minimize the risk of huge tax bills for back taxes, interest, and penalties if a worker is misclassified after the parties have entered into an independent-contractor relationship in good faith.
		In addition, the bill does not limit any relief to which a taxpayer may be entitled under Section 530 of the Revenue Act of 1978.
		The bill repeals section 530(d) of the Revenue Act of 1978, which was added by section 1706 of the Tax Reform Act of 1986.
	advocacy.nase.org /bill_summaries/independent_contractor.asp (1220 words)

	TIR 79-2; Sale or Exchange of Personal Residence During 1978
		If an individual taxpayer sold or exchanged a personal residence between July 27, 1978 and December 31, 1978, and is claiming the $100,000 exclusion for all or part of the capital gain derived from such sale or exchanged for federal income tax purposes, said exclusion does not apply in computing Massachusetts capital gain.
		This exclusion was enacted as part of the Federal Revenue Act of 1978 and its provisions do not apply for Massachusetts income tax purposes.
		This form, together with a copy of the Federal Form 2119, should be attached to the 1978 Massachusetts Form 1 to substantiate any exclusion that is taken.
	www.dor.state.ma.us /rul_reg/tir/TIR_79_2.htm (178 words)

	UIPL 12-87 Attachment
		The Revenue Act of 1978 designated specific income levels at which unemployment benefits were taxable ($25,000 for joint returns or $20,000 for single returns).
		Section 1705 of the Tax Reform Act of 1986 excludes from the definition of employment for Federal unemployment tax purposes services performed for a qualified Indian tribal government during the period prior to January 1, 1988 if the service was not covered by a State law on June 11, 1986.
		Section 530 of the Revenue Act of 1978 (P.L. 95-600) provides that taxpayers who in the past had a reasonable basis, under specified criteria, for not treating workers as employees may continue such treatment without incurring employment tax liability.
	workforcesecurity.doleta.gov /dmstree/uipl/uipl87/uipl_1287a1.htm (1234 words)

	Section 530 TRA 78
		The following is the complete text of Section 530 of the Revenue Act of 1978, as amended by subsequent legislation.
		The term employment status means the status of an individual, under the usual common law rules applicable in determining the employer-employee relationship, as an employee or as an independent contractor (or other individual who is not an employee).
		An officer or employee of the Internal Revenue Service shall, before or at the commencement of any audit inquiry relating to the employment status of one or more individuals who perform services for the taxpayer, provide the taxpayer with a written notice of the provisions of this section.
	employerbook.hypermart.net /Sec530.html (798 words)

	Find in a Library: Revenue act of 1978 and Energy tax act of 1978.
		Find in a Library: Revenue act of 1978 and Energy tax act of 1978.
		Revenue act of 1978 and Energy tax act of 1978.
		WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries.
	www.worldcatlibraries.org /wcpa/ow/a04166a1b7bef11d.html (61 words)

	TaxProphet Hot Topics - January 1997
		In 1978, Congress mandated that the IRS stop reclassifying workers as employees provided the company had "any reasonable basis" for treating the worker as an independent contractor.
		Section 530 of the Revenue Act of 1978.
		Because it was not part of the Internal Revenue Code, Section 530 does not apply to independent contractor status disputes with California.
	www.taxprophet.com /hot/jan97.html (527 words)

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