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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... earnings , such earnings are income of the par- ent and not of the minor for the purpose of the normal tax and surtax . In the absence of proof to the contrary a parent will be assumed not to have emancipated his minor child and must ...
... earnings of the minor . ( Art . 402. ) 148. What constitutes emancipation ? Emancipation of a minor occurs by the ... earnings ( Jacob vs. Jacobs , 130 Iowa 10 ) . Where the child contracts for his services and collects and uses his own ...
... earnings of the first six months were larger than those of the second six months . The corporation will pay one - half of the tax upon an income of $ 120,000 . In effect , the corporation will pay a tax upon an income of $ 60,000 . But ...
... earnings must be derived prin- cipally from compensation for personal services rendered by the corporation to the persons with whom it does business . Mer- chandising or trading either directly or indirectly in commo- dities or the ...
... earnings for the purpose of creating a sinking fund with which to retire its bonded or other indebtedness , the annual additions to such funds are not allowable deductions from gross income . ( Art . 567. ) 271. Page 423. Gifts . - The ...