War Revenue and Federal Income Tax Laws |
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Page 17
... hundred and thirteen , which is sub- stantially a continuation of a trade or business car- ried on prior to that date , shall , for the purpose of this title , be deemed to have been in existence prior to that date , and the net income ...
... hundred and thirteen , which is sub- stantially a continuation of a trade or business car- ried on prior to that date , shall , for the purpose of this title , be deemed to have been in existence prior to that date , and the net income ...
Page 19
... hundred and nine , except that in- come taxes paid by it within the year imposed by the authority of the United States shall be included ; ( b ) for the calendar year nineteen hundred and thirteen upon the same basis and in the same man ...
... hundred and nine , except that in- come taxes paid by it within the year imposed by the authority of the United States shall be included ; ( b ) for the calendar year nineteen hundred and thirteen upon the same basis and in the same man ...
Page 20
... hundred and thirteen , shall be deducted ; and ( c ) for the taxable year upon the same basis and in the same manner as provided in Title I of the Act entitled " An Act to increase the revenue , and for other purposes , " approved ...
... hundred and thirteen , shall be deducted ; and ( c ) for the taxable year upon the same basis and in the same manner as provided in Title I of the Act entitled " An Act to increase the revenue , and for other purposes , " approved ...
Page 32
... hundred and thirteen , to be used as distilling material , and the residue from such distillation , containing less than one - half of one per centum of alcohol by volume , which is to be used in making beverages , may be manipulated ...
... hundred and thirteen , to be used as distilling material , and the residue from such distillation , containing less than one - half of one per centum of alcohol by volume , which is to be used in making beverages , may be manipulated ...
Page 84
... 13 ( e ) Withholding at source applies to income from bonds accruing to foreign corporations capital employed in the ... thirteen of such Act of September eighth , nine- teen hundred and sixteen , is hereby amended to read as follows ...
... 13 ( e ) Withholding at source applies to income from bonds accruing to foreign corporations capital employed in the ... thirteen of such Act of September eighth , nine- teen hundred and sixteen , is hereby amended to read as follows ...
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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.