United States Revenue Act, 1918: Annotated and Indexed. Passed, 1919 ... |
From inside the book
Results 1-5 of 24
Page 8
... prior to March 1 , 1913 , may its accumulated be distributed in stock dividends or otherwise , exempt from the tax , prior to 3-1-13 . after the earnings and profits accumulated since February 28 , 1913 , have been distributed ...
... prior to March 1 , 1913 , may its accumulated be distributed in stock dividends or otherwise , exempt from the tax , prior to 3-1-13 . after the earnings and profits accumulated since February 28 , 1913 , have been distributed ...
Page 9
... prior to March 1 , 1913 , the fair market value as of that date ) of the stock or securities exchanged . Excess treated as gain . INVENTORIES . 31. SEC . 203. That whenever in the opinion of the Commissioner the Inventories to be use of ...
... prior to March 1 , 1913 , the fair market value as of that date ) of the stock or securities exchanged . Excess treated as gain . INVENTORIES . 31. SEC . 203. That whenever in the opinion of the Commissioner the Inventories to be use of ...
Page 10
... prior to January 1 , 1920 , it appears upon the production of evidence able year begin- satisfactory to the Commissioner that any taxpayer has sustained a net ning after 10-31-18 loss , the amount of such net loss shall under ...
... prior to January 1 , 1920 , it appears upon the production of evidence able year begin- satisfactory to the Commissioner that any taxpayer has sustained a net ning after 10-31-18 loss , the amount of such net loss shall under ...
Page 14
... prior to 9-8-16 by States , Terri- tories , sub divi- slons , or D. C. ( 7 ) Income derived from any public utility or the exercise of any essential governmental function and accruing to any State , Territory , or the District of ...
... prior to 9-8-16 by States , Terri- tories , sub divi- slons , or D. C. ( 7 ) Income derived from any public utility or the exercise of any essential governmental function and accruing to any State , Territory , or the District of ...
Page 16
... prior to March 1 , 1913 , the fair market value of the property ( or the taxpayer's interest therein ) on that date shall be taken in lieu of cost up to that date : Provided further , That in the case of mines , oil and gas wells ...
... prior to March 1 , 1913 , the fair market value of the property ( or the taxpayer's interest therein ) on that date shall be taken in lieu of cost up to that date : Provided further , That in the case of mines , oil and gas wells ...
Common terms and phrases
20 per centum accrued alcohol by volume amended amount paid approval assessed bonded warehouse calendar cents centum cigars collected Commissioner of Internal computed containing contract dealer decedent deductions deemed distilled spirits distillery district District of Columbia dividends entitled An Act estate or trust ethyl alcohol excess exempt fermented fiduciary filing fiscal gallon gross estate gross income hereby imposed by Section income exceeds interest Internal Revenue internal-revenue invested capital issued leaf tobacco lease levied lieu liquor manner manufacturer ment net income exceeds nonresident alien officer packages par value partnership payable payment penalty personal service corporation producer profits provided in Section purposes rates received rectified spirits refunded regulations prescribed Revenue Act Revised Statutes Secretary Section 216 sold special tax stamps subdivision tax equivalent tax imposed tax paid taxable taxpayer tion tobacco trade or business United war-profits wine spirits
Popular passages
Page 15 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 13 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer...
Page 15 - Including those assessed against local benefits of a kind tending to Increase the value of the property assessed...
Page 14 - Interest upon (a) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia...
Page 14 - ... function and accruing to any State, Territory, or the District of Columbia, or any political subdivision of a State or Territory, or income accruing to the Government of any possession of the United States, or any political subdivision thereof.
Page 56 - Every person liable to any tax imposed by this Act, or for the collection thereof, shall keep such records, render under oath such statements, make such returns, and comply with such rules and regulations, as the Commissioner, with the approval of the Secretary, may from time to time prescribe.
Page 8 - fiscal year" means an accounting period of twelve months ending on the last day of any month other than December. The term "taxable year...
Page 11 - That in lieu of the tax imposed by section 210 of the Revenue Act of 1918, there shall be levied, collected, and paid for each taxable year upon the net income of every individual...
Page 45 - Columbia, for exclusively public purposes, or to or for the use of any domestic corporation organized and operated exclusively for religious, charitable, scientific, literary, or educational purposes, including the encouragement of art and the prevention of cruelty to children or animals...
Page 46 - If any part of the gross estate consists of proceeds of policies of insurance upon the life of the decedent receivable by a beneficiary other than the executor, the executor shall be entitled to recover from such beneficiary such portion of the total tax paid as the proceeds, in excess of ! $40,000, of such policies bear to the net estate.