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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... net comes of not more than $ 5,000 . It is not to be used by any 1 son whose net income , including dividends and interest fr a principal of Liberty Bonds in excess of the amount exer by law , is greater than $ 5,000 . It should not be ...
... net income . ( Art . 25. ) as 144. If a taxpayer changes his accounting period , he shall soon as possible give written notice to the collector for transmission to the Commissioner of such change and his reasons therefore . The ...
... net income or it may escape taxation upon part of its net income . To take a very ordinary case : a corporation is organized on July 1 , 1917. It did not ask for permission to establish a fiscal year and there- fore filed a return for ...
... net loss in the fiscal year ending in 1919 which it is permitted to deduct ... income of the fiscal year under the provisions of Section 204 of the Statute ... net income computed for the entire period under Title I of the Revenue Act of ...
... income tax imposed for such fiscal year by the present Statute . Any excess shall be credited or refunded in ... net income of the partnership if distributed ; ( f ) the amount of the distributive share of such net income of each such ...