The Federal Income Tax Explained: With the Regulations of the Treasury Department |
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Page 6
... capital invested ; the personal labor and services of the members of the firm ; the skill and ability with which they lay in , or from time to time renew , their stock ; the carefulness and good judg- ment with which they sell and give ...
... capital invested ; the personal labor and services of the members of the firm ; the skill and ability with which they lay in , or from time to time renew , their stock ; the carefulness and good judg- ment with which they sell and give ...
Page 20
... been enforced . Held , that the three tenths was capital , and not liable to assessment as income , under the Act of June 30 , 1864 , and that the seven tenths having been once assessed to the bank , could not be 20 THE INCOME TAX .
... been enforced . Held , that the three tenths was capital , and not liable to assessment as income , under the Act of June 30 , 1864 , and that the seven tenths having been once assessed to the bank , could not be 20 THE INCOME TAX .
Page 21
... to a building by permanent improvements should be charged to capital , not to income . Bout . 275 . See Little v . Little , 161 Mass . 188 . That old debts formerly considered lost , but paid during THE INCOME TAX . 21.
... to a building by permanent improvements should be charged to capital , not to income . Bout . 275 . See Little v . Little , 161 Mass . 188 . That old debts formerly considered lost , but paid during THE INCOME TAX . 21.
Page 24
... capital and then made a new division of stock , the stockholders were to pay a tax on the additional stock ; and if , on the other hand , it divided to all its stockholders its net earnings during the year , and after so doing gave to ...
... capital and then made a new division of stock , the stockholders were to pay a tax on the additional stock ; and if , on the other hand , it divided to all its stockholders its net earnings during the year , and after so doing gave to ...
Page 33
... capital such as by robbery , or as surety , etc. , could not be deducted . 7 Int . Rev. Rec . 60. And losses in business since the end of the income year could not enter into the income assessments for that year . Bout . 275. 1 Int ...
... capital such as by robbery , or as surety , etc. , could not be deducted . 7 Int . Rev. Rec . 60. And losses in business since the end of the income year could not enter into the income assessments for that year . Bout . 275. 1 Int ...
Other editions - View all
The Federal Income Tax Explained: With the Regulations of the Treasury ... John Melville Gould No preview available - 2018 |
The Federal Income Tax Explained: With the Regulations of the Treasury ... John Melville Gould No preview available - 2015 |
Common terms and phrases
1st day accrued aforesaid allowed amount paid annual list annual returns assessed association Blatch bonds Bout business expenses cent centum clause collected collector or deputy Commissioner of Internal debts deducted depositors deputy collector disbursing officers district dividends duty earnings Eastern Kentucky Railway exempt false or fraudulent fiduciary four thousand dollars fraudulent list fraudulent return gains gross profits guardian held Hohnbach included income return income tax interest paid Internal Revenue July 14 levied liable to pay list or return ment municipal mutual plan neglect or refusal non-resident notice oath or affirmation officers or persons payable payment penalty person or corporation policy holders prescribed profits or income Railroad Railroad Co real estate receipts received render a list rent required by law residing Sect shareholders statute stockholders taxation taxpayer thereof tion United verified by oath Wall ward wilfully false withhold
Popular passages
Page 98 - That in case no annual list or return has been rendered by such person to the collector or deputy collector as required by law, and the person shall be absent from his or her residence or place of business at the time the collector or...
Page 4 - ... and a like tax shall be levied, collected, and paid annually upon the gains, profits, and income from all property owned and of every business, trade, or profession carried on in the United States by persons residing without the United States.
Page 87 - Every collector to whom any .payment of any income tax is made shall upon request give to the person making such payment a full written or printed receipt, stating the amount paid and the particular account for which such payment was made...
Page 98 - ... it shall be lawful for the collector to summon such person, or any other person having possession, custody, or care of books of account containing entries relating to the business of such person, or any other person he may deem proper, to appear before him and produce such books at a time and place named in the summons, and to give testimony or answer interrogatories, under oath, respecting any objects or income liable to tax or the returns thereof.
Page 74 - ... 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 115 - ... receipts, or account of officers or persons paying such tax as aforesaid shall be made to exhibit the fact of such payment.
Page 74 - 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 98 - ... deputy collector to leave at such place of residence or business, with some one of suitable age and discretion, if such be present, otherwise to deposit in the nearest...
Page 58 - ... day of June in any year, and for ten days after notice and demand thereof by the collector, there shall be added the sum of five per centum on the amount of tax unpaid, and interest at the rate of one per centum per month upon said tax from the time the same became due, except from the estates of insane, deceased, or insolvent persons.
Page 77 - ... note or memorandum addressed to such person, requiring him or her to render to such collector or deputy collector the list or return required by law within ten days from the date of such note or memorandum, verified by oath. And if any person, on being notified or required as aforesaid, shall refuse or neglect to render such list or return within the time required as aforesaid, or whenever any person who is required to deliver a monthly or other return of objects subject to tax fails to do so...