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 11
... entitled to a deduction in his return for 1922 on account thereof under the provisions of section 204 of the Revenue Act of 1921 , such loss not resulting from the operation of a business regu- larly carried on by the taxpayer ...
... entitled to a deduction in his return for 1922 on account thereof under the provisions of section 204 of the Revenue Act of 1921 , such loss not resulting from the operation of a business regu- larly carried on by the taxpayer ...
Page 15
... entitled to take as a deduction from gross income , in the nature of a bad debt , the item of $ 4,728.97 here in question . The issue as to whether or not the taxpayer , under these circum- stances , would have been entitled to a ...
... entitled to take as a deduction from gross income , in the nature of a bad debt , the item of $ 4,728.97 here in question . The issue as to whether or not the taxpayer , under these circum- stances , would have been entitled to a ...
Page 29
... entitled to it in the proper conduct of his legitimate business . The assessed valuations for city taxing purposes of the land and building are only remotely related to the actual value of the leasehold . The opinion of Stoeber , even ...
... entitled to it in the proper conduct of his legitimate business . The assessed valuations for city taxing purposes of the land and building are only remotely related to the actual value of the leasehold . The opinion of Stoeber , even ...
Page 39
... entitled to such deduction there is no deficiency in tax and conversely if it is not so entitled there is a deficiency in tax for the year July 1 , 1922 , to June 30 , 1923 , of $ 365.98 , which is the deficiency asserted in the so ...
... entitled to such deduction there is no deficiency in tax and conversely if it is not so entitled there is a deficiency in tax for the year July 1 , 1922 , to June 30 , 1923 , of $ 365.98 , which is the deficiency asserted in the so ...
Page 62
... entitled to no relief under the special relief provisions of the Revenue Act of 1918 . The taxpayer has appealed on both questions , but the only ques- tion before us at this time is the question of personal service classifi- cation ...
... entitled to no relief under the special relief provisions of the Revenue Act of 1918 . The taxpayer has appealed on both questions , but the only ques- tion before us at this time is the question of personal service classifi- cation ...
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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