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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... calendar year 1918 ( January 1 to December 31 ) should be reported , unless the taxpayer keeps books of account which are regularly closed each year at the end of some month other than Decem- ber . In the latter case , the form ...
... calendar year 1918 , or any fiscal year ending during the calendar year 1918. See sec- tion 200 of the statute and article 1533. A taxpayer shall make his return for the taxable year 1918 on the basis of his annual accounting period ...
... calendar year ) upon which he made his return for the taxable year immediately preceding unless , with the approval of the Commissioner , he has changed the basis of computing his net income . ( Art . 25. ) as 144. If a taxpayer changes ...
... his books on the basis of a fiscal year , the regulations require that he file a return for the fiscal year ending in 1918. Since 1 under the law applicable to the calendar year 1917 individuals 29 WEEKLY SUPPLEMENT NO . 2.
... calendar year 1917 has already been included in the tax for such calendar year and need not again be computed . The tax for that part of the year attributable to the calendar year 1918 is found by computing the tax for the fiscal year ...