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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... effect th if a person was entitled to some of the exemptions during on part of the year , the exemption claimed may be only as ma twelfths of such exemptions as there were months in such pa of the year . There has been some doubt as to ...
... effects , including stocks , securities and evidences of debt , of the person delinquent . When goods , chattels or effects sufficient to satisfy the taxes im- posed upon any person are not found by the collector or deputy collector ...
... effect of distinction between " non- resident aliens " and citizens and residents of the United States.— " Nonresident alien individual " means an indivdual ( a ) whose resdence is not within the United States , and ( b ) who is not a ...
... effect , the corporation will pay a tax upon an income of $ 60,000 . But the corporation has already paid a tax on an income of $ 100,000 . Therefore the corpora- tion will be taxed upon a total income for the fiscal year of $ 160,000 ...
... effects a replace- ment in kind only to the extent that it serves the same purpose as the property which it replaces without added capacity or other element of additional value . Such new or restored prop- erty shall not be valued in ...