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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... actual sale has taken place . ¶ 69. Page 168. What is a dealer in securities ? See ¶ 120 . 70. Page 171. What is a sale . When exchanges of prop- erty result in income is illustrated in the following articles : 171. Gain or loss arising ...
... actual net income for this period is $ 120,000 . This does not of necessity prove that the income for the first six months was overestimated , but it does show that the earnings of the first six months were larger than those of the ...
... actual income for the fiscal year was $ 120,000 . It is very probable that corporations will be permitted to follow the procedure suggested on page 318 of the Tax Book and file returns for the period from Jan- uary 1 , 1918 to the close ...
... actual deliv- ery of such money and property to the alien property custodian . ( Art . 444. ) 112. Page 327. Foreign corporations . Income from sources within the United States . - Dividends on stock and interest on notes of ...
... actual addi- tions and betterments . If the taxpayer does not elect to replace or restore the property , the transaction will then be deemed to be completed and the income shall be measured by the excess of the amount of the ...