Pamphlets, Volume 35 |
From inside the book
Results 1-5 of 17
Page 13
... fair market price or value , as of March 1 , 1913 . If acquired on or after March 1 , 1913 , the profit is based on ( a ) the cost thereof or ( b ) the inventory value . When property is exchanged for other property , the property ...
... fair market price or value , as of March 1 , 1913 . If acquired on or after March 1 , 1913 , the profit is based on ( a ) the cost thereof or ( b ) the inventory value . When property is exchanged for other property , the property ...
Page 14
... fair market value of the new stock or securities is greater than the cost ( or if acquired prior to March 1 , 1913 , the fair market value as of that date ) of the stock or securities ex- changed . 6. Amounts distributed by a personal ...
... fair market value of the new stock or securities is greater than the cost ( or if acquired prior to March 1 , 1913 , the fair market value as of that date ) of the stock or securities ex- changed . 6. Amounts distributed by a personal ...
Page 54
... fair average value of its capital stock for the preceding year ending June 30th as is in excess of $ 5,000 . Surplus and undivided profits must be included in estimating the value of the capital stock . A proportionate tax is imposed on ...
... fair average value of its capital stock for the preceding year ending June 30th as is in excess of $ 5,000 . Surplus and undivided profits must be included in estimating the value of the capital stock . A proportionate tax is imposed on ...
Page 56
... fair consideration in money or money's worth . Any trans- fer of a material part of his property in the nature of a final disposition or distribution thereof , made by the dece- dent within two years prior to his death without such a ...
... fair consideration in money or money's worth . Any trans- fer of a material part of his property in the nature of a final disposition or distribution thereof , made by the dece- dent within two years prior to his death without such a ...
Page 57
... fair considera- tion in money or money's worth ; and ( f ) To the extent of the amount receivable by the execu- tor as insurance under policies taken out by the decedent upon his own life ; and to the extent of the excess over $ 40,000 ...
... fair considera- tion in money or money's worth ; and ( f ) To the extent of the amount receivable by the execu- tor as insurance under policies taken out by the decedent upon his own life ; and to the extent of the excess over $ 40,000 ...
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Common terms and phrases
1st Liberty Conv 50 per centum actual cash value amount in excess basis benefit bona fide bonds cents Commissioner decedent deductions allowed determined distributed district District of Columbia dividends domestic corporation earnings or profits estate or trust excess-profits taxes fair market value February 28 fiduciary file a return foreign corporation government contract gross income income derived income exceeds income from sources income in excess income tax installment intangible property interest Internal Revenue loss manufacturer net income exceeds non-resident alien individual normal tax November 11 par value paragraph partnership payment personal service corporation Philippine Islands place of business premium prewar period purposes rates redetermination Revenue Act section 252 sold specific exemption stock or securities stock or shares stockholders surtax tax computed tax imposed tax paid taxable year 1918 taxpayer tion trade or business United War Finance Corporation war-profits and excess-profits war-profits credit withheld
Popular passages
Page 92 - Columbia, the compensation received as such), of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; 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 12 - Including those assessed against local benefits of a kind tending to Increase the value of the property assessed...
Page 9 - Interest upon (a) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia...
Page 51 - That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value...
Page 98 - ... for the taxable year, or, if his net income for such taxable year is computed upon the basis of a period different from that upon the basis of which the net income of the partnership...
Page 11 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title...
Page 97 - In the case of a nonresident alien individual the deductions shall be allowed only if and to the extent that they are connected with income from sources within the United States; and the proper apportionment and allocation of the deductions with respect to sources of income within and without the United States shall be determined as provided in section 119, under rules and regulations prescribed by the Commissioner with the approval of the Secretary.
Page 123 - An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes," the Act of October 3, 1913, entitled "An Act to reduce tariff duties and to provide revenue for the Government, and for other purposes...
Page 71 - If the tax is not paid when due, there shall be added as part of the tax interest at the rate of 1 per centum a month from the time when the tax became due until paid.
Page 57 - In a case where the evidence of transfer is shown only by the books of the company the stamp shall be placed upon such books ; and where the change of ownership is by transfer of a certificate the stamp shall be placed upon the certificate; and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank there shall be made and delivered by the seller to the buyer a bill or memorandum of such sale to which the stamp provided for by this article shall...