War Revenue and Federal Income Tax Laws |
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Page 13
... domestic " means created under the law of the United States , or of any State , Territory , " Domestic " or District ... partnership which has fixed its own fiscal year , in which case it means such fiscal year . The first taxable year ...
... domestic " means created under the law of the United States , or of any State , Territory , " Domestic " or District ... partnership which has fixed its own fiscal year , in which case it means such fiscal year . The first taxable year ...
Page 16
... Domestic corporation ( b ) Domestic part- nership or citizen or resident of U. S. ( c ) Foreign corpora- of September eighth , nineteen hundred and sixteen , as amended by this Act , and partnerships and in- dividuals carrying on or ...
... Domestic corporation ( b ) Domestic part- nership or citizen or resident of U. S. ( c ) Foreign corpora- of September eighth , nineteen hundred and sixteen , as amended by this Act , and partnerships and in- dividuals carrying on or ...
Page 17
... domestic partnership or a citizen or resident of the United States $ 6,000 . Where business is a A trade or business carried on by a corpora- reorganization or tion , partnership , or individual , although formally continuation of one ...
... domestic partnership or a citizen or resident of the United States $ 6,000 . Where business is a A trade or business carried on by a corpora- reorganization or tion , partnership , or individual , although formally continuation of one ...
Page 18
... partnerships , or indi- viduals , engaged in a like or similar trade or busi- ness , is of their average invested capital for such year , plus ( 2 ) in the case of a domestic corpora- tion $ 3,000 , and in the case of a domestic partner ...
... partnerships , or indi- viduals , engaged in a like or similar trade or busi- ness , is of their average invested capital for such year , plus ( 2 ) in the case of a domestic corpora- tion $ 3,000 , and in the case of a domestic partner ...
Page 20
... partnership or in- dividual 9. " Capital " defined for corporation How averaged Does not include hundred and ... domestic partner- ship the same deductions as allowed to individuals in subdivision ( a ) of section five of such Act of ...
... partnership or in- dividual 9. " Capital " defined for corporation How averaged Does not include hundred and ... domestic partner- ship the same deductions as allowed to individuals in subdivision ( a ) of section five of such Act of ...
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Common terms and phrases
Act of September actual cash value allowed amended October approval assessed bonds calendar year nineteen capital stock cents centum per annum citizen or resident collected Commissioner of Internal company or association deduction district dividends domestic partnership entitled An Act excess profits taxes exempt existing law fiscal gallon hereby amended hundred and seventeen hundred and sixteen hundred and thirteen income derived income exceeds income received Income Tax Law indebtedness insurance company interest paid Internal Revenue invested capital issued joint-stock company levied liable manufacturer ment net income exceeds nineteen hundred nonresident alien normal tax partnership payment person Philippine Islands Porto Rico Postmaster premium Provided further purposes rectified spirits Revenue Act rules and regulations Secretary section five September eighth sold stamps tax equivalent tax imposed taxable Taxes paid teen hundred tion total net income trade or business Treasury trust United withholding zone
Popular passages
Page 71 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid...
Page 144 - ... in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return ; and any offense against the foregoing provision shall be a misdemeanor and be punished by a fine not exceeding $1,000 or by imprisonment not exceeding one year, or both...
Page 102 - Income received by estates of deceased persons during the period of administration or settlement of the estate...
Page 71 - ... also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived from any source whatever.
Page 133 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate; (3) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made...
Page 50 - July, 1898, there shall be levied, collected and paid, for and in respect of the several bonds, debentures or certificates of stock and of indebtedness, and other documents, Instruments, matters and things mentioned and described in Schedule A of this act...
Page 76 - ... under such regulations as the Secretary of the Treasury may prescribe, shall be a sufficient compliance with the requirements of this paragraph...
Page 109 - ... a reasonable allowance for actual reduction in flow and production to be ascertained not by the flush flow, but by the settled production or regular flow; (b) in the case of mines a reasonable allowance for depletion thereof not to exceed the market value in the mine of the product thereof which has been mined and sold during the year for which the return and computation are made...
Page 75 - ... return and that the same is, to the best of his knowledge and belief, true and correct, and be subject to all the provisions of this title which apply to individuals...
Page 97 - The following Items of gross Income shall be treated as Income from sources within the United States: (1) Interest.