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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... owner in the taxable year in which the stock was ascertained to be worthless and charged off , provided a satisfactory showing of its worthlessness be made as in the case of bad debts . ( Art . 144. ) This is apparently an exception to ...
... owner for a vessel operated between the United States and foreign ports , if the making of the charter contract grows out of no solicitation or similar commercial activity by the owner or his representative in person within the United ...
... owner of property has lost or transferred title by reason of the exercise of the power of requisition or eminent domain , including cases where a voluntary transfer or conveyance is induced by reason of the fact that a technical ...
... owner in the taxable year in which the stock was ascertained to be worthless and charged off , provided a satisfactory showing of its worthlessness be made as in the case of bad debt . " ( Art . 144. ) ¶ 121. Page 406. Additional matter ...
... , depreciated in value between the date of purchase and that date , and were in a later year ascertained to be worthless and charged off , the • owner is entitled to a deduction in that year equal 37 WEEKLY SUPPLEMENT NO . 2.