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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... loan associations . - As section 26 of the Federal Farm Loan Act of July 17 , 1916 , provides that every Federal land bank and every national farm loan association including the capital and reserve or surplus therein and the income de ...
... Loan associations are exempt from income tax . 114. Page 363. Installment sales of real estate . - See ¶ 76-81 . 115. Page 364. Sales of personal property on installment plan . See ¶ 82-83 . 116. Page 382. Bonds purchased at a premium ...
... Loan bonds . See page 497 of the text . T205 . Page 520. Return of income received by estate during the period of administration or settlement . - The " period of ad- ministration or settlement of the estate " is the period required by ...
... loan associations ... 239 Additional matter . Dividends from Federal Reserve banks . 258 Additional matter - Allocation of income from judgments . 154 Bad Debts . Additional matter 261 267 Personal exemptions 96 97 98 99 268 Exemptions ...
... loan associations , and divi- dends paid by , exempt , 94 , 95 Federal Land bank , dividends paid by exempt , 94 , 95 Federal Reserve bank dividends ex- empt , 60 , 95 Fiscal Form year , 43 . 1040A and Regulations 45 differ as to 45 ...