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 96
... shares dealt in by the public generally ; ( b ) all corporations whose stock is advertised in the press or offered to the public by the corporation itself for sale . In case of doubt as to whether any company falls within the classifica ...
... shares , and in other respects complying with the requirements of paragraph 4 of article 1091 . A stockholder who has acquired his shares for the purpose of inspection of the income returns of the corporation is not a bona fide ...
... shares of listed stock exchanges his stock certificate for a voting trust certificate , no income is realized , because the conversion is merely in form ; or if he exchanges his stock for stock in a small , closely held corporation , no ...
... share thereof , and the amount that is actually paid on account of such taxes , or a proportionate share thereof , is not the same as the amount of such credit , or in case any tax payment credited is refunded in whole or in part , the ...
... shares , royalties and rentals , value fixed by the owner for purposes of the capital stock tax , valuation for local or State taxation , partnership accountings , records of litigation in which the value of the property was in question ...