Reports of the U.S. Board of Tax Appeals, Volume 1U.S. Government Printing Office, 1926 - Taxation |
From inside the book
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Page 7
... buildings within the village are owned by the company . The company maintains and contributes toward certain welfare ... building , as well as title to the land itself , for the sole purposes of a church , as reserved in the deed . The ...
... buildings within the village are owned by the company . The company maintains and contributes toward certain welfare ... building , as well as title to the land itself , for the sole purposes of a church , as reserved in the deed . The ...
Page 9
... building or part of a building demolished during the year 1921 as an incident to the carrying on of a business is a legal deduction from the gross income of a cor- porate taxpayer in an income tax return made for the year 1921 ...
... building or part of a building demolished during the year 1921 as an incident to the carrying on of a business is a legal deduction from the gross income of a cor- porate taxpayer in an income tax return made for the year 1921 ...
Page 10
... building appear to have been $ 5,811.25 . After the alterations were made , the taxpayer had a building which had a book value , not of the depreciated cost of the building before the alterations were made plus the cost of the ...
... building appear to have been $ 5,811.25 . After the alterations were made , the taxpayer had a building which had a book value , not of the depreciated cost of the building before the alterations were made plus the cost of the ...
Page 97
... building in Shreveport , La . The corporation after acquiring the lease converted the build- ing into a theater . Subsequently the owner of the building con- verted it back into business property from which he could get more rental than ...
... building in Shreveport , La . The corporation after acquiring the lease converted the build- ing into a theater . Subsequently the owner of the building con- verted it back into business property from which he could get more rental than ...
Page 108
... building at 20 years and of office equipment at 5 years . A private roadway , leading from a public highway to a tax ... building was constructed in the year 1920 , occupied a ground space of 75 by 250 feet , a one story high , walls ...
... building at 20 years and of office equipment at 5 years . A private roadway , leading from a public highway to a tax ... building was constructed in the year 1920 , occupied a ground space of 75 by 250 feet , a one story high , walls ...
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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