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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... entire year which started during 1917 and ended during 1918 on the basis of the 1918 law . The tax to be imposed will be such a portion of the tax for a full year computed at the 1918 rates as the portion of such year falling within the ...
... entire year , although it may be held that his income for such part of the year as he was a minor and un- emancipated should be reported by his parent . 50. Page 93. Citizens resident abroad . - The question of who is a citizen is ...
... entire proceeds of the stock will be taxable . ( b ) If property is exchanged for two different kinds of property , such as bonds and stock , neither having a market value , the cost or fair market value as of March 1 , 1913 , of the ...
... entire consideration made up in part of agreements to pay in the future . ( Art . 41. ) Transactions in Class 2 should be handled as follows : ¶ 81. Deferred payment sales of real estate not on the install- ment plan . In class ( 2 ) ...
... entire year ending in 1918 and pay such a proportion of the tax for a full year at the 1918 rates as the number of months falling within the calendar year 1918 is of the full fiscal year . Thus , if a cor- poration has kept its books on ...