Reports of the U.S. Board of Tax Appeals, Volume 1U.S. Government Printing Office, 1926 - Taxation |
From inside the book
Results 1-5 of 100
Page 51
... capital stock , although the actual capital stock outstanding was only $ 8,200 . This entry nominally gave the corporation a paid - in surplus of $ 41,800 , though all of the cash remained in the bank in the name of Gabe Lippman . All ...
... capital stock , although the actual capital stock outstanding was only $ 8,200 . This entry nominally gave the corporation a paid - in surplus of $ 41,800 , though all of the cash remained in the bank in the name of Gabe Lippman . All ...
Page 87
... stock is subject to the lim- itation of 25 per cent of capital stock outstanding provided in section 326 of the Revenue Act of 1918. In conformity with this provision of the statute the disallowance of good will in the com- putation of ...
... stock is subject to the lim- itation of 25 per cent of capital stock outstanding provided in section 326 of the Revenue Act of 1918. In conformity with this provision of the statute the disallowance of good will in the com- putation of ...
Page 89
... stock over and above 25 per cent of the total capital stock of the taxpayer . With respect to the last of the above alleged errors it appears that the examining revenue agent found upon the taxpayer's books an account headed " Good Will ...
... stock over and above 25 per cent of the total capital stock of the taxpayer . With respect to the last of the above alleged errors it appears that the examining revenue agent found upon the taxpayer's books an account headed " Good Will ...
Page 96
... stock should , for invested capital pur- poses under the provisions of the Revenue Act of 1918 , be deter- mined in ... capital of a corporation can not be increased by the issuance of stock to stockholders in proportion to their stock ...
... stock should , for invested capital pur- poses under the provisions of the Revenue Act of 1918 , be deter- mined in ... capital of a corporation can not be increased by the issuance of stock to stockholders in proportion to their stock ...
Page 192
... capital stock . Not regarding the transaction as one yielding a then realized profit , he caused this stock to be issued in par value exactly equal to the cost to him of the prop- erties , less the outstanding mortgages thereon . The ...
... capital stock . Not regarding the transaction as one yielding a then realized profit , he caused this stock to be issued in par value exactly equal to the cost to him of the prop- erties , less the outstanding mortgages thereon . The ...
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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