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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... taxpayer . The taxpayer should first read page 1 of the general instruc- ons . He should then fill out the working sheet , reading the irections on page 2 of the instruction sheet as applicable to ach schedule . The instructions are ...
... taxpayer is entitled . The latter will occur only in the c of married persons where the taxpayer's personal exemption been claimed in whole or in part by the husband or wife . Income to be included . - The return should show the income ...
... taxpayer had an income of only $ 1,500 and his wife an income of $ 500 , no tax apparently would be due , provided they filed separate returns . In such a case , the husband could claim an exemption of $ 1,500 , while the wife could ...
... taxpayers both corporation and individual were to - day granted by the Internal Revenue Department further relief with respect to the filing of their completed returns for 1918. The statement that the taxpayer is unable by March 15 , to ...
... taxpayer directly interested therein may request the Commissioner to submit such matter to the Board . In the case of matters arising in connection with the audit of a taxpayer's return , the taxpayer will ordi- narily be notified of ...