Reports of the U.S. Board of Tax Appeals, Volume 1U.S. Government Printing Office, 1926 - Taxation |
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Page 43
... allowed by sec- tion 214 . ( b ) 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 ...
... allowed by sec- tion 214 . ( b ) 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 ...
Page 84
... allowed the excess net loss of 1919 deductible from the gross income of 1920 would be $ 10,769.70 ( less the depreciation on $ 7,198.06 alleged improvements allowed as deductions for 1918 and 1919 ) instead of $ 3,571.64 ( $ 19,098.24 ...
... allowed the excess net loss of 1919 deductible from the gross income of 1920 would be $ 10,769.70 ( less the depreciation on $ 7,198.06 alleged improvements allowed as deductions for 1918 and 1919 ) instead of $ 3,571.64 ( $ 19,098.24 ...
Page 90
... allowed by the ex- amining agent was $ 19,791.20 , and the net income reported by him was $ 58,450.85 . The taxpayer claims , and the Board has found as a fact , that the depreciation taken by it for the period prior to January 1 , 1918 ...
... allowed by the ex- amining agent was $ 19,791.20 , and the net income reported by him was $ 58,450.85 . The taxpayer claims , and the Board has found as a fact , that the depreciation taken by it for the period prior to January 1 , 1918 ...
Page 131
... allowed with no payments on ac- count until on March 7 , 1919 , Mr. Logan executed a 90 - day promis- sory note of $ 1.997.48 , secured by a second mortgage on certain property owned by him in El Paso , Tex . 2. Mr. Logan has never paid ...
... allowed with no payments on ac- count until on March 7 , 1919 , Mr. Logan executed a 90 - day promis- sory note of $ 1.997.48 , secured by a second mortgage on certain property owned by him in El Paso , Tex . 2. Mr. Logan has never paid ...
Page 141
... allowed in respect of any of the items specified in section 215 . Section 215 provides in part : That in computing net income no deduction shall in any case be allowed in respect of * * ( b ) Any amount paid out for new buildings or for ...
... allowed in respect of any of the items specified in section 215 . Section 215 provides in part : That in computing net income no deduction shall in any case be allowed in respect of * * ( b ) Any amount paid out for new buildings or for ...
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Common terms and phrases
accrued agreement alleged allowed amount appeal assessment assets Bank Board books of account building calendar capital stock cash cent Central Trust Co charged claimed Coal Commissioner is approved Company computed contract corporation cost debt December 31 decided January DECISION deduction from gross deficiency in tax deficiency letter depreciation determination disallowed discount dividends Docket entitled evidence expenses February 28 filed FINDINGS OF FACT fiscal year ended following FINDINGS GRAUPNER gross income Hartson income and profits income tax income-tax return interest Internal Revenue inventory invested capital issued January 22 January 31 lease liability LITTLETON loss March Nelson net income October 31 opinion paid par value parties partnership patents payer payment period petition preferred stock prior profits taxes purchase question received Revenue Act salary Solicitor of Internal statute STERNHAGEN stockholders tax return taxable taxpayer thereof tion TRUSSELL trust Winthrop Ames
Popular passages
Page 161 - 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...
Page 441 - Income may be defined as the gain derived from capital, from labor, or from both combined," provided it be understood to include profit gained through a sale or conversion of capital assets, to which it was applied in the Doyle Case (pp.
Page 471 - ... (1) income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust...
Page 428 - If in the case of any taxpayer, the Commissioner determines that there is a deficiency...
Page 507 - 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 472 - ... there shall be allowed as an additional deduction in computing the net income of the estate or trust the amount of the income of the estate or trust for its taxable year, which is properly paid or credited during such year to any legatee, heir, or beneficiary...
Page 507 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under subdivision (b) of section 212, any such amounts are to be properly accounted for as of a different period.
Page 338 - A word is not a crystal, transparent and unchanged; it is the skin of a living thought and may vary greatly in color and content according to the circumstances and the time in which it is used.
Page 458 - An amount equal to the value of any property (A) forming a part of the gross estate situated in the United States of any person who died within five years prior to the death of the decedent...
Page 134 - It is essential to just construction that many words which import something excessive should be understood in a more mitigated sense — in that sense which common usage justifies. The word ' necessary