Federal Income and Estate Tax Laws: Correlated and Annotated, Being a Compilation and Annotation of All Federal Income and Estate Tax Laws Since the Organization of the Federal Government and a Correlation of Such Laws Since the Sixteenth Amendment |
From inside the book
Results 1-5 of 100
Page vii
... Penalties . 276 Nonresident Aliens - Deductions and Credits ... 128 Partnerships and Personal Service Corporations 128 Date on Which Tax Shall be Paid 276 Examination of Return 278 Estates and Trusts 134 Overpayments .... .. 280 Evasion ...
... Penalties . 276 Nonresident Aliens - Deductions and Credits ... 128 Partnerships and Personal Service Corporations 128 Date on Which Tax Shall be Paid 276 Examination of Return 278 Estates and Trusts 134 Overpayments .... .. 280 Evasion ...
Page viii
... Penalties 416 Reorganizations 338 Interest on Refunds and Credits 420 Miscellaneous 341 Interest on Judgments 420 ... Penalty for Nonpayment of Special Taxes 394 GENERAL PROVISIONS 436 Tax on Narcotics 394 Repeals 436 STAMP TAXES 396 ...
... Penalties 416 Reorganizations 338 Interest on Refunds and Credits 420 Miscellaneous 341 Interest on Judgments 420 ... Penalty for Nonpayment of Special Taxes 394 GENERAL PROVISIONS 436 Tax on Narcotics 394 Repeals 436 STAMP TAXES 396 ...
Page 54
... penalties , as other taxes un- der this title . Act of 1921 . not include property held for the personal use or consumption of the taxpayer or his family , or stock in trade of the taxpayer or other property of a kind which would ...
... penalties , as other taxes un- der this title . Act of 1921 . not include property held for the personal use or consumption of the taxpayer or his family , or stock in trade of the taxpayer or other property of a kind which would ...
Page 133
... penalties , as the taxes imposed by sections 230 and 301 of the Revenue Act of 1918 ( or by sections 230 and 301 of this Act , in the case of income received during the calendar year 1921 ) , but no interest or penalties shall be due or ...
... penalties , as the taxes imposed by sections 230 and 301 of the Revenue Act of 1918 ( or by sections 230 and 301 of this Act , in the case of income received during the calendar year 1921 ) , but no interest or penalties shall be due or ...
Page 144
... penalties , as that tax . Act of 1921 . EVASION OF SURTAXES BY IN- CORPORATION . Act of 1918 . PROFITS OF CORPORATIONS TAX- ABLE TO STOCKHOLDERS . SEC . 220. That if any corpora- SEC . 220. That if any corpora- tion , however created or ...
... penalties , as that tax . Act of 1921 . EVASION OF SURTAXES BY IN- CORPORATION . Act of 1918 . PROFITS OF CORPORATIONS TAX- ABLE TO STOCKHOLDERS . SEC . 220. That if any corpora- SEC . 220. That if any corpora- tion , however created or ...
Common terms and phrases
accrued affirming Id amended approval ascer assessed basis benefit bonds calendar capital stock ceed centum cluding collected collector Commis Commissioner of Internal company or association computed decedent deduction dends distraint district dividends duction earnings entitled estate exceeds estate or trust estate tax exempt fair market value filed fiscal gains gross estate gross income imposed by section income exceeds income tax insurance company interest Internal Revenue invested capital joint-stock company levied loss March ment net income exceeds nineteen hundred nonresident alien normal tax pany par value paragraph partnership payable payment period person Philippine Islands poration Porto Rico premiums prescribed prior profits provided in section purpose quired received refund Revenue Act Second Cir Secretary shares sion sioner sources stockholders subdivision tax imposed tax paid taxable taxpayer thereof tion total net income trade or business United vided war-profits withholding
Popular passages
Page 74 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...
Page 190 - 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 20 - No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368 (c) ) of the corporation. For purposes of this section, stock or securities issued for services shall not be considered as issued in return for property.
Page 94 - ... 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 82 - ... use of or interest in such property; also from interest, rent, dividends, securities or the transaction of any business carried on for gain or profit, or gains or profits, and income derived from any source whatever.
Page 138 - ... or is to be used exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals or for the establishment, acquisition, maintenance or operation of a public cemetery not operated for profit...
Page 98 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Page 497 - ... 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 262 - ... in the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest upon the bonds of and dividends from foreign corporations by...
Page 42 - Whenever in the opinion of the Commissioner the use of inventories is necessary In order clearly to determine the Income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the income.