Investigation of Bureau of Internal Revenue: Hearings Before the Select Committee on Investigation of the Bureau of Internal Revenue, United States Senate, Sixty-eighth Congress, First[-second] Session, Pursuant to S. Res. 168, Authorizing the Appointment of a Special Committee to Investigate the Bureau of Internal Revenue ...United States. Congress. Senate. Select Committee on Investigation of the Bureau of Internal Revenue U.S. Government Printing Office, 1924 |
From inside the book
Results 1-5 of 64
Page 3
... capital and other things were left , and that work was hardly commenced before the last month of 1920 and the early part of 1921 . While it is true that we collected more money , the very work on those returns is the thing that has ...
... capital and other things were left , and that work was hardly commenced before the last month of 1920 and the early part of 1921 . While it is true that we collected more money , the very work on those returns is the thing that has ...
Page 5
... capital for 1917 ? Commissioner BLAIR . That simplifies it very much , and that is the reason that subsequent years are much easier . The invested capital is fixed , and the March 1 , 1913 , value is fixed . The difficult engi- neering ...
... capital for 1917 ? Commissioner BLAIR . That simplifies it very much , and that is the reason that subsequent years are much easier . The invested capital is fixed , and the March 1 , 1913 , value is fixed . The difficult engi- neering ...
Page 8
... capital - stock tax ? Is that also held in abeyance for an examination of the invested capital and a determination of the other questions ? Mr. BRIGHT . Senator , that does not come directly under our division . Commissioner BLAIR ...
... capital - stock tax ? Is that also held in abeyance for an examination of the invested capital and a determination of the other questions ? Mr. BRIGHT . Senator , that does not come directly under our division . Commissioner BLAIR ...
Page 9
... capital stock and surplus ; the other is market value , if the stock is listed on the exchange ; and the third is earn- ings ; that is , capitalizing the earnings on a basis of from 10 to 15 It is based on a comparison with other ...
... capital stock and surplus ; the other is market value , if the stock is listed on the exchange ; and the third is earn- ings ; that is , capitalizing the earnings on a basis of from 10 to 15 It is based on a comparison with other ...
Page 10
... capital- stock tax return right before him at the same time . Why ? Because the law is different in regard to that , and it contemplates an entirely different type of tax . The CHAIRMAN . Is there any way in which you can change the law ...
... capital- stock tax return right before him at the same time . Why ? Because the law is different in regard to that , and it contemplates an entirely different type of tax . The CHAIRMAN . Is there any way in which you can change the law ...
Common terms and phrases
additional tax agent allowed amortization claim amount assessment attorney audit auditor BARBER barrels basis BATSON BRADLEY BROWN Bureau of Internal cent CHAIRMAN charge chief CLACK Commissioner BLAIR companies conference CONGRESS THE LIBRARY correct cost course court decision deduction deputy collectors disallowed division Doctor ADAMS DRAKE employees engineer examination fact figures filed give Government GREENIDGE Gulf Oil Corporation handled HARTSON Income Tax Unit Internal Revenue Bureau invested capital investigation involved Jennings LA MATER LEARY lessee depletion letter LIBRARY OF CONGRESS MAPES matter Mellon memorandum ment Mexico NASH never opinion paid practice prior question record referred refund regulations revenue act ROSSMOORE rule Secretary Senator COUZENS Senator ERNST Senator JONES Senator KING solicitor solicitor's office Standard Steel Car statement statute TANDROW taxpayer tell thing tion Treasury Department understand valuation Washington
Popular passages
Page 200 - ... any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law...
Page 200 - It shall be unlawful for any collector, deputy collector, agent, clerk, or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law to any person the amount or source of Income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any Income return...
Page 236 - 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, based upon cost, including cost of development not otherwise deducted...
Page 386 - In the case of buildings, machinery, equipment, or other facilities, constructed, erected, Installed, or acquired, on or after April 6, 1917, for the production of articles contributing to the prosecution...
Page 200 - ... the amount or source of income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any income return, or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person...
Page 236 - The depletion allowance based on discovery value provided in this paragraph shall not exceed 50 per centum of the net income of the taxpayer (computed without allowance for depletion) from the property upon which the discovery was made, except that in no case shall the depletion allowance be less than it would be if computed without reference to discovery value.
Page 236 - ... such reasonable allowance in all the above cases to be made under rules and regulations to be prescribed by the Commissioner with the approval of the Secretary. In the case of leases the deductions allowed by this paragraph shall be equitably apportioned between the lessor and lessee...
Page 58 - No unpublished ruling or decision •will be cited or relied upon by any officer or employee of the Internal Revenue Service as a precedent in the disposition of other cases.
Page 57 - Revenue, which, because they announce a ruling or decision upon a novel question or upon a question in regard to which there exists no previously published ruling or decision, or for other reasons, are of such importance as to be of general interest. It is also the policy of the Bureau to publish all rulings or decisions which revoke, modify, amend, or affect in any manner whatever any published ruling or decision. In many instances...
Page 201 - SEC. 3167. It shall be unlawful for any collector, deputy collector, agent, clerk or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law to any person the operations, style of work or apparatus of any manufacturer or producer visited by him in the discharge of his official duties...