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. |
From inside the book
Results 1-5 of 99
... Revenue , consists of four parts as follows : Part I. Part II . Income Tax on individuals ( covering sections 210 to 228 of the Revenue Act ) . Income Tax and War Excess Profits Tax on corpora- tions- A. Income Tax ( covering sections ...
... Revenue Act of 1918 , also provides ( see Tax Book , Part II , page 377 ) . 36. An internal revenue officer discovering in the course of his duty information leading him to suspect a possible viola- tion of any law with the enforcement ...
... Revenue Act of 1916 as amended and Title I of the Revenue Act of 1917 shall be credited with the excess profits tax computed for the entire period under Title II of the Revenue Act of 1917. In computing the tax attributable to the ...
... Revenue Act of 1918 , where a withholding agent pursuant to the Reve- nue Acts of 1916 and 1917 withheld only 2 per cent from the income of nonresident alien individuals , he need return only 67 WEEKLY SUPPLEMENT NO . 2.
... Revenue Acts of 1916 and 1917 from the income of foreign corporations not engaged in trade or business within the ... Act of 1918 from the income paid over by the withholding agent . ( Art . 368. ) 212. Any sum withheld for tax since December ...