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. |
From inside the book
Results 1-5 of 100
... claim an exemption of $ 1,500 , while the wife could personally claim another exemption of $ 500 . The fair rule to cover cases similar to the above would seem to be : the husband and the wife are each entitled to the exemption of a ...
... claim for abatement on the ground of a loss in inventory ( see page 407 ) is disallowed interest from the due date at the rate of 12 per cent per annum will be added to the tax not abated ( Art . 1003 ) . 14. Page 41. Where mistake is ...
... claim with the withholding agent , but only by claiming them upon filing a return of in- come . " This regulation supersedes the statement in the middle of page 107 of the Tax Book . 59. Page 114. Annuities . - An annuity charged upon ...
... claim may be filed in accordance with the provisions of section 214 ( a ) ( 12 ) of the statute for a recomputation of the net income of the preceding taxable year and an adjustment of the income and war excess profits taxes . ( Art ...
... claim . In determin- ing whether a loss has been realized by the sale of goods taken in the inventory , all sales made subsequent to the date of the inventory will be deemed to have been made from the inven- toried stock until such ...