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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... assessed with the tax . If the explanation is furnished with the return or upon the collector's demand , the collector , unless otherwise directed by the Commissioner , will forward the affidavit with the return , and if the ...
... assess- ment is levied , do not constitute an allowable deduction from gross income . A tax is considered assessed against local bene- fits when the property subject to the tax is limited to property benefited . Special assessments are ...
... assessed to the different purposes . If the allocation can not be made , none of the amounts so paid is deductible . ( Art . 133. ) 167. Page 154. Bad debts . Additional matter . - A purchaser of accounts receivable which can not be ...
... Assessments under Illinois laws relating to drainage districts are not limited to the property benefited , and assess- ments so paid are deductible . Assessments under the statutes of California relating to irrigation and of Iowa ...
... assessments are made for the purpose of both construction and maintenance or repairs , the burden is on the taxpayer to show the allocation of the amounts assessed to the different purposes . If the allocation can not be made , none of ...