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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... bank . Any accrued interest to the date the tax is due , not covered by coupons detached as above provided , will be remitted to the taxpayer by the federal reserve bank by check , for which pur- pose the collector will furnish to the bank ...
... bank and be treated in the same manner as a bad check . All expenses incident to the attempt to collect such a check and the return of it through the depositary bank must be paid by the drawer of the check to the bank on which it is ...
... banks in the hands of the stockholders , so that the dividends received on the stock of Federal Reserve banks are not subject to the income tax . Dividends paid by member banks , however , are treated like dividends of ordinary ...
... banks and national farm loan associations . - As section 26 of the Federal Farm Loan Act of July 17 , 1916 , provides that every Federal land bank and every national farm loan association including the capital and reserve or surplus ...
... banks , however , are treated like dividends of ordinary corporations . ( Art . 75. ) 196. Page 258. Additional matter . - Allocation of income from judgments . - In general , a judgment for the plaintiff may produce income ; a judgment ...