United States Income Tax Law Simplified for Businessmen1895 - Income tax - 216 pages |
From inside the book
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Page 42
... entered from day to day in regular order . " The Treasury Regulations provide ( page 148 ) that the books required by this section shall be so kept , arranged , and balanced as to show the gross receipts , operating or business expenses ...
... entered from day to day in regular order . " The Treasury Regulations provide ( page 148 ) that the books required by this section shall be so kept , arranged , and balanced as to show the gross receipts , operating or business expenses ...
Page 45
... entered upon the books as gross profits from sales of merchandise . " This way is based upon the plan of making an estimated valuation of merchandise on hand at each stock - taking period . The amount actually realized from the stock ...
... entered upon the books as gross profits from sales of merchandise . " This way is based upon the plan of making an estimated valuation of merchandise on hand at each stock - taking period . The amount actually realized from the stock ...
Page 54
... entering up your cash to distinguish between goods on hand December 31st , 1893 and goods purchased during the year 1894. If you sold on credit you could have the same system and in enter- ing up the charges to your customers you could ...
... entering up your cash to distinguish between goods on hand December 31st , 1893 and goods purchased during the year 1894. If you sold on credit you could have the same system and in enter- ing up the charges to your customers you could ...
Page 73
... entered from day to day for the full period covered by this return ? Answer . Question 2. Is this return made exclusively from said books ? Answer . Question 3. Have the full amounts set forth in this return as salaries of officers and ...
... entered from day to day for the full period covered by this return ? Answer . Question 2. Is this return made exclusively from said books ? Answer . Question 3. Have the full amounts set forth in this return as salaries of officers and ...
Page 74
... entered in the return opposite the name of the source or object in- cluded in the statement . The exemption and the deductions allowed by law should be given next in order , and the several amounts should be entered opposite the several ...
... entered in the return opposite the name of the source or object in- cluded in the statement . The exemption and the deductions allowed by law should be given next in order , and the several amounts should be entered opposite the several ...
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...