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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... amount and serial numbers of the certifi- cates presented in each case , the date of issue of the certificates , and the date the tax is due . Collectors shall in no case pay interest on such certificates nor accept them for an amount ...
... amount that is actually paid on account of such taxes , or a proportionate share thereof , is not the same as the amount of such credit , or in case any tax payment credited is refunded in whole or in part , the tax- payer shall ...
... amount received over the amount actually and reasonably expended to replace or restore the property sub- stantially in kind , exclusive of any expenditures for additions or betterments . The new or restored property effects a replace ...
... amount of such damages as may have been compen- sated for by insurance or otherwise . If subsequently thereto , however , a taxpayer has for the first time ascertained the amount of a loss sustained during a prior taxable year and not ...
... amount of the depreciation and deple- tion deductions claimed and allowed each year , or the amount of the depreciation and depletion shall be credited to depletion and depreciation reserve accounts , to the end that when the sum of the ...