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. |
From inside the book
Results 1-5 of 50
... securities and evidences of debt , of the person delinquent . When goods , chattels or effects sufficient to satisfy the taxes im- posed upon any person are not found by the collector or deputy collector , he is authorized to collect ...
... securities cannot be written off as a loss until an actual sale has taken place . ¶ 69. Page 168. What is a dealer in securities ? See ¶ 120 . 70. Page 171. What is a sale . When exchanges of prop- erty result in income is illustrated ...
... securities purchased for the purpose of determining the portion of the consideration attributable to each class of stock or securities and so representing its cost , but if that should be impracticable in any case , no profit on any ...
... securities . - The rule stated in the text has been modified . The new ruling is as follows : " If stock of a corporation becomes worthless , its cost or its fair market value as of March 1 , 1913 , if acquired prior thereto , may be ...
... securities . - The Treasury Depart- ment defines dealer in securities as follows : 124. For the purpose of this rule a dealer in securities is a merchant of securities , whether an individual , partnership or corporation , with an ...