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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... penalties , no more than ten days may elapse after the mailing of the notice before the payment is in the collector's ... penalty and interest will not be collected . ( Art . 1007. ) ¶9 . Page 39.` Additional matter . Medium of payment ...
... penalty must make an affirmative showing of the facts alleged as a reasonable cause for failure to make return on ... penalty will be asserted . If the explanation is not then furnished , the 25 per cent penalty will be assessed with the ...
... penalty or forfeiture shall be commenced until the collector shall have submitted to the Commissioner a full report of all material facts and circumstances in the case and shall have received from him express authority to proceed ...
... Penalties for disclosure of returns . - A stockholder who examines the return of a corporation and reveals without ex- press authority of law any particulars of its income statement is guilty of a misdemeanor and liable to fine and ...
... penalty will attach . If before the end of thirty days an accurate return can not be made , an appeal for a further extension must be made to the Commissioner with a full recital of the causes for the delay , and the Commissioner will ...