Pamphlets, Volume 35 |
From inside the book
Results 1-5 of 26
Page 5
... Losses .. 10 Interest , Liberty Bonds , if subject to surtax .. 100 Bad Debts .. 80 Partnership Profits - your share . 1,000 Depreciation .. 130 Other Taxable Income . 100 Gifts to Charities .. 20 $ 5,400 $ 400 Net Income .. 400 $ 5,000 ...
... Losses .. 10 Interest , Liberty Bonds , if subject to surtax .. 100 Bad Debts .. 80 Partnership Profits - your share . 1,000 Depreciation .. 130 Other Taxable Income . 100 Gifts to Charities .. 20 $ 5,400 $ 400 Net Income .. 400 $ 5,000 ...
Page 9
... Losses 6. Bad Debts Deductions ...... Net income .. 5,000 7. Depreciation $ 1,000 300 100 200 $ 5,000 If unmarried you would have to file a return in this case because your net income is $ 1,000 or over , but if you are mar- ried you ...
... Losses 6. Bad Debts Deductions ...... Net income .. 5,000 7. Depreciation $ 1,000 300 100 200 $ 5,000 If unmarried you would have to file a return in this case because your net income is $ 1,000 or over , but if you are mar- ried you ...
Page 13
... loss , be treated as the equivalent of cash to the amount of its fair market value , if any ; but when in connection with the reorganization , merger or consolidation of a corporation a person receives in place of stock or securi- ties ...
... loss , be treated as the equivalent of cash to the amount of its fair market value , if any ; but when in connection with the reorganization , merger or consolidation of a corporation a person receives in place of stock or securi- ties ...
Page 18
... Losses , sustained during the taxable year and not compensated for by insurance or otherwise , if incurred in any ... Losses , sustained during the taxable year of prop- erty not connected with the trade or business ( but in the case of ...
... Losses , sustained during the taxable year and not compensated for by insurance or otherwise , if incurred in any ... Losses , sustained during the taxable year of prop- erty not connected with the trade or business ( but in the case of ...
Page 19
... Loss by falling prices , etc. - If it is shown to the satisfaction of the Commissioner of Internal Revenue that during the taxable year 1919 a taxpayer has sustained a substantial loss ( whether or not actually realized by sale or other ...
... Loss by falling prices , etc. - If it is shown to the satisfaction of the Commissioner of Internal Revenue that during the taxable year 1919 a taxpayer has sustained a substantial loss ( whether or not actually realized by sale or other ...
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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...