Comparison of the Revenue Acts of 1926 and 1928: With Index |
From inside the book
Results 1-5 of 46
Page 22
... divisions ( d ) and ( e ) of this section shall be determined by the status of the taxpayer on the last day of his tax- able year . ( 2 ) The credit allowed by subdivi- sion ( c ) of this section shall , in case the status of the ...
... divisions ( d ) and ( e ) of this section shall be determined by the status of the taxpayer on the last day of his tax- able year . ( 2 ) The credit allowed by subdivi- sion ( c ) of this section shall , in case the status of the ...
Page 28
... division ( a ) and it appears that for the period for which the return is so made he has derived a capital net gain , or sustained a capital net loss , or received earned income . ( e ) In the case of a return made for a fractional part ...
... division ( a ) and it appears that for the period for which the return is so made he has derived a capital net gain , or sustained a capital net loss , or received earned income . ( e ) In the case of a return made for a fractional part ...
Page 34
... shall be paid on the date prescribed in sub- division ( a ) for the payment of the tax by the taxpayer , the second installment Act of 1928 . ment shall be paid on the 34 COMPARISON OF THE REVENUE ACTS OF 1926 AND 1928.
... shall be paid on the date prescribed in sub- division ( a ) for the payment of the tax by the taxpayer , the second installment Act of 1928 . ment shall be paid on the 34 COMPARISON OF THE REVENUE ACTS OF 1926 AND 1928.
Page 44
... division ( d ) of this section ) be com- puted , collected , and paid upon the same basis and in the same manner and subject to the same provisions of law , including penalties , as that tax . ( b ) The fact that any corporation is a ...
... division ( d ) of this section ) be com- puted , collected , and paid upon the same basis and in the same manner and subject to the same provisions of law , including penalties , as that tax . ( b ) The fact that any corporation is a ...
Page 45
... division called " first calendar year " ) and ending in the following calendar year ( hereinafter in this subdivision called " second calendar year " ) and the law applicable to the second calen- dar year is different from the law ap ...
... division called " first calendar year " ) and ending in the following calendar year ( hereinafter in this subdivision called " second calendar year " ) and the law applicable to the second calen- dar year is different from the law ap ...
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Common terms and phrases
accrued addition apply approval basis become final benefit Board bond calendar capital net gain claim collected collector Commissioner computed credit or refund decedent decision deficiency determined distraint distributed District of Columbia dividends division duction earnings enactment erty estate or trust estate tax excess-profits taxes executor exempt expiration fair market value February 28 fiduciary fiscal foreign corporation gain or loss gift gift tax gross estate gross income imposed by section income from sources insurance company interest Internal Revenue internal-revenue liability lieu manner manufacturer ment net income nonresident alien notice and demand paragraph payment period of limitation person poration prior proceeding in court profits provided in section provided in subdivision purposes regulations prescribed respect Revenue Act Revised Statutes Secretary shareholder stamp statute of limitations stock or securities tax imposed taxable taxpayer term thereof tion trade or business transfer United war-profits
Popular passages
Page 14 - ... traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business; and rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 49 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 56 - Distributions in liquidation. — Amounts distributed in complete liquidation of a corporation shall be treated as in full payment in exchange for the stock, and amounts distributed in partial liquidation of a corporation shall be treated as in part or full payment in exchange for the stock.
Page 179 - To the extent of any interest therein of which the decedent has at any time made a transfer, by trust or otherwise, where the enjoyment thereof was subject at the date of his death to any change through the exercise of a power, either by the decedent alone or in conjunction with any person, to alter, amend, or revoke...
Page 225 - Members of Congress who are members of the Commission shall serve without compensation in addition to that received for their services as Members of Congress; but they shall be reimbursed for travel, subsistence, and other necessary expenses incurred by them in the performance of the duties vested in the Commission.
Page 34 - ... it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 43 - Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title...
Page 42 - Benevolent life insurance associations of a purely local character, mutual ditch or irrigation' companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses; (11) Farmers...
Page 39 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 17 - In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of improvements, according to the peculiar conditions in each case...