Prentice-Hall Tax Service for 1919 (Classic Reprint)Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. |
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... Commissioner on his own initiative or at the request of any taxpayer directly interested for the purpose of obtaining the recommendation of the Board thereon . When a final conclusion has been reached by the income tax unit of the ...
... Commissioner , will forward the affidavit with the return , and if the Commissioner determines that the delinquency was not due to a reasonable cause the 25 per cent penalty will be assessed . " Reasonable cause " is such a condition of ...
... Commissioner . No suit for the recovery of unpaid taxes or of any fine , penalty or forfeiture shall be commenced until the collector shall have submitted to the Commissioner a full report of all material facts and circumstances in the ...
... Commissioner , although public rec- ords , are open to inspection only to the extent authorized by the President , except as otherwise exprssly provided . Pursuant to a similar provision of the Act of October 3 , 1913 , the President by ...
... Commissioner of Internal Revenue designated by him for that purpose , and after such original return has been placed in evidence it shall be returned to the files in the office of the Commissioner of Internal Revenue at Washington ...