United States Income Tax Law Simplified for Businessmen1895 - Income tax - 216 pages |
From inside the book
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Page 42
... business expenses , and net profits of the corporations , associations , or companies for each calendar year , beginning on the 1st day of January , and ending on the 31st day of December of said year . The Regulations also provide ...
... business expenses , and net profits of the corporations , associations , or companies for each calendar year , beginning on the 1st day of January , and ending on the 31st day of December of said year . The Regulations also provide ...
Page 43
... business expenses , net profits or income for the year ending at the close of business hours on the 31st day of December . " Sec . 36 and the Regulations ( page 149 ) , above quoted , states that corporations shall keep books and keep ...
... business expenses , net profits or income for the year ending at the close of business hours on the 31st day of December . " Sec . 36 and the Regulations ( page 149 ) , above quoted , states that corporations shall keep books and keep ...
Page 47
... business expenses of the year . D. By deducting the amount of B and C , added together , from A , you will have the true profit from the business These are the items of your business re- quired in your return . You are at liberty to ...
... business expenses of the year . D. By deducting the amount of B and C , added together , from A , you will have the true profit from the business These are the items of your business re- quired in your return . You are at liberty to ...
Page 49
... business man " materials purchased for manufacture or resale " would not be called an EXPENSE of the business but it is expressly provided by the statute ( Sec . 32 ) that such purchases shall be so considered with reference to ...
... business man " materials purchased for manufacture or resale " would not be called an EXPENSE of the business but it is expressly provided by the statute ( Sec . 32 ) that such purchases shall be so considered with reference to ...
Page 58
... expense of keeping a horse as was referable to the business . 7 Int . Rev. Rec . , 59 ; by per- son , so much of season ticket from home to business and returning as was fairly charge- able to business expenses . 11 Int . Rev. Rec ...
... expense of keeping a horse as was referable to the business . 7 Int . Rev. Rec . , 59 ; by per- son , so much of season ticket from home to business and returning as was fairly charge- able to business expenses . 11 Int . Rev. Rec ...
Other editions - View all
United States Income Tax Law Simplified for Businessmen (Classic Reprint) Ferdinand Adolphus Wyman No preview available - 2018 |
United States Income Tax Law Simplified for Business Men Ferdinand Adolphus Wyman No preview available - 2016 |
Common terms and phrases
affidavit aforesaid amount paid annual profits annual returns April 15 ascer assessed association blanks for persons bonds business expenses cent centum cestui que trust collected collector or deputy Commissioner of Internal compensation cost of material day of December day of January December 31 depositors deposits deputy collector district dividends exempt false or fraudulent fiduciary capacity four thousand dollars fraudulent return gains gross profits gross receipts guardian hand Dec included income tax interest Internal Revenue John Doe lector liable list or return material purchased mutual plan neglect or refusal net profits nonresident oath or affirmation operating and business payable payment penalty person or corporation profits or income real estate purchased resident returns of income salary sales of real Section 31 sold stock on hand taxation thereof tion trustee undivided profits United verified by oath ward or beneficiary
Popular passages
Page 164 - ... it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 139 - That in case no annual list or return has been rendered by such person to the collector or deputy collector as required by law, and the person shall be absent from his or her residence or place of business at the time the collector or...
Page 147 - State, county, school, and municipal taxes paid within the year, not including those assessed against local benefits; fourth, losses actually sustained during the year, incurred in trade or arising from fires, storms, or shipwreck, and not compensated for by insurance or otherwise...
Page 129 - No suit or proceeding shall be maintained in any court for the recovery of any internal-revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 132 - And the tax herein provided for shall be assessed, by the Commissioner of Internal Revenue and collected, and paid upon the gains, profits, and income for the year ending the thirty-first day of December next preceding the time for levying, collecting, and paying said tax.
Page 164 - ... any income return, or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law...
Page 140 - ... it shall be lawful for the collector to summon such person, or any other person having possession, custody, or care of books of account containing entries relating to the business of such person, or any other person he may deem proper, to appear before him and produce such books at a time and place named in the summons, • and to give testimony or answer interrogatories, under oath, respecting any objects or income liable to tax or the returns thereof.
Page 166 - ... full written or printed receipt, expressing the amount paid and the particular account for which such payment was made ; and whenever such payment is made such collector shall, if required, give a separate receipt for each tax paid by any debtor, on account of payments made to or to be made by him to separate creditors in such form that such debtor can conveniently produce the same separately to his several creditors in satisfaction of their respective demands to the amounts specified in such...