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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... clubs 521. Mutual insurance companies and like organizations . 522. Cooperative associations Section 232 . Net income defined Article 531. Net income Section 233. Gross income defined Article 541. Gross income 359 359 360 360 360 361 ...
... clubs . - The exemption applies to practically all social and recreation clubs which are supported by membership fees , dues ... club is not organized and operated exclusively for pleasure , recreation or social purposes , and any profit ...
... Clubs , exemption Collection , foreign items . .259 ; 1111 32 162 520 1038 363 tax 47 517 92 Chautauqua association , exemption , 517 ( 1 ) penditures 1734 to 291 Dependents , credits .304-306 Citizens , credit for taxes . 381 Porto ...
... Clubs 520 Race - meet associations 512 Collision , association insuring Real estate , corporations or- automobiles against 521 ganized to buy and sell . 519 Cooperative associations 522 Recreation clubs 520 Copy of charter or articles ...
... clubs , exemption . 520 41 Social welfare organization , exemp- tion 519 42 Real estate , gross income . 44 , 45 Mineral deposits , excess profits Soldiers and sailors , allotments and allowances under War Risk Insurance Act 72 tax .337 ...