Reports of the U.S. Board of Tax Appeals, Volume 1U.S. Government Printing Office, 1926 - Taxation |
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Page 77
... computed as if this act had not been enacted , but the amount so computed shall be assessed , collected , and paid in the same manner and subject to the same provisions and limitations ( including the provisions in case of delinquency ...
... computed as if this act had not been enacted , but the amount so computed shall be assessed , collected , and paid in the same manner and subject to the same provisions and limitations ( including the provisions in case of delinquency ...
Page 88
... computed as follows : Cash paid for Beltz Brewing Co. property and business . Stock paid for Beltz Brewing Co. property and business-- Total paid____ . Tangible assets acquired ... Less liabilities assumed . $ 166 , 397.00 178 , 800.00 ...
... computed as follows : Cash paid for Beltz Brewing Co. property and business . Stock paid for Beltz Brewing Co. property and business-- Total paid____ . Tangible assets acquired ... Less liabilities assumed . $ 166 , 397.00 178 , 800.00 ...
Page 92
... computed upon the net income as determined by the Commis- sioner and upon the invested capital as determined by him , adjusted by the substitution in the disallowance for good will of the sum of $ 8,919.55 for the sum of $ 85,073.27 ...
... computed upon the net income as determined by the Commis- sioner and upon the invested capital as determined by him , adjusted by the substitution in the disallowance for good will of the sum of $ 8,919.55 for the sum of $ 85,073.27 ...
Page 115
... computed by the Commissioner does not include normal tax upon the above sum of $ 1,750 ; otherwise the sum so computed , if any , as normal tax is disallowed and the balance of such deficiency is affirmed . Final decision of the Board ...
... computed by the Commissioner does not include normal tax upon the above sum of $ 1,750 ; otherwise the sum so computed , if any , as normal tax is disallowed and the balance of such deficiency is affirmed . Final decision of the Board ...
Page 124
... computed both at the beginning and end of each year on substan- tially the same basis . Discounts , held here to be trade discounts , if deducted in one such inventory , must be deducted in both . Submitted November 10 , 1924 ; decided ...
... computed both at the beginning and end of each year on substan- tially the same basis . Discounts , held here to be trade discounts , if deducted in one such inventory , must be deducted in both . Submitted November 10 , 1924 ; decided ...
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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 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 439 - 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 469 - ... (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 426 - If in the case of any taxpayer, the Commissioner determines that there is a deficiency...
Page 505 - 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 470 - ... 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 505 - 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 336 - 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 456 - 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