Treasury Decisions Under Internal Revenue Laws of the United States, Volume 16, Issues 1927-2112U.S. Government Printing Office, 1917 - Taxation |
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Common terms and phrases
act of October act of September Acting Commissioner agents alcohol allowed amendment amount apply Approved assessment authorized bank barrels bonds bottled in bond butter capital stock cent centum certificate collection collectors of internal Commissioner of Internal company or association contract court dealers decedent deduction denatured alcohol denaturing distilled spirits distillery district dividends Emergency revenue exceed executor exempt export fermented filed Form gallons gross estate hereby income tax income-tax insurance companies Internal Revenue invested joint-stock company lease liable liqueurs manufacture net estate net income nineteen hundred nonresident alien October 22 OFFICE OF COMMISSIONER organized packages payment person plaintiff premises prescribed profits purpose railroad receipt received regulations Revised Statutes sixteenth amendment soakage special excise tax special tax stamps tank tank cars tax imposed tax paid taxable thereof tion tobacco transaction TREASURY DEPARTMENT W. H. OSBORN warehouse Washington wines withholding
Popular passages
Page 116 - If any clause, sentence, paragraph, or part of this Act shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 200 - Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt from the tax imposed by this title...
Page 139 - ... shall be entitled to include in deductions from gross income amounts repaid to policyholders on account of premiums previously paid by them and interest paid upon such amounts between the ascertainment thereof and the payment thereof...
Page 149 - The former section declares that "the value of the gross estate of the decedent shall be determined by including the value at the time of his death of all property, real or personal, tangible or intangible, wherever situated — (a) To the extent of the interest therein of the decedent at the time of his death.
Page 139 - ... the paid-up capital stock outstanding at the close of the year, or, if no capital stock, the entire amount of the capital employed in the business at the close of the year...
Page 111 - When construing and enforcing the provisions of this Act, the act, omission, or failure of any...
Page 119 - Persons making contracts of sale of cotton for future delivery, and persons who act in the capacity of a clearing house or association for such transactions. (a) All persons who make contracts of sale of cotton for future delivery at, on, or in any exchange, board of trade, or similar institution or place of business...
Page 151 - Commissioner, proceed to collect the tax under the provisions of general law; or appropriate proceedings may be commenced in any court of the United States having jurisdiction, in the name of the United States, to subject the property of the decedent to be sold under the judgment or decree of the court. From the proceeds of such sale the amount of the tax, together with the costs and expenses of every description to be allowed by the court, shall be first paid, and the balance shall be deposited...
Page 175 - executor" means the executor or administrator of the decedent, or if there is no executor or administrator appointed, qualified, and acting within the United States, then any person in actual or constructive possession of any property of the decedent; (b) The term "net estate...
Page 100 - An act defining butter, also imposing a tax upon and regulating the manufacture, sale, importation, and exportation of oleomargarine...