Federal Income and Estate Tax Laws: Correlated and Annotated, Being a Compilation and Annotation of All Federal Income and Estate Tax Laws Since the Organization of the Federal Government and a Correlation of Such Laws Since the Sixteenth AmendmentJ. Byrne, 1925 - 549 páginas |
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Página vii
... Individual Returns 158 Period of Limitation upon Assessment and Col- 162 lection of Tax 292 Partnership Returns 164 Claims in Abatement 298 Fiduciary Returns 164 Taxes Under Prior Acts 300 Returns for Fractional Year 168 Credits and ...
... Individual Returns 158 Period of Limitation upon Assessment and Col- 162 lection of Tax 292 Partnership Returns 164 Claims in Abatement 298 Fiduciary Returns 164 Taxes Under Prior Acts 300 Returns for Fractional Year 168 Credits and ...
Página 2
... individual , a trust or estate , a partnership , or a cor- poration . ( 2 ) The term " corporation " includes ... individuals ; ( 2 ) The term " corporation " includes associations , joint - stock companies , and insurance com- panies ...
... individual , a trust or estate , a partnership , or a cor- poration . ( 2 ) The term " corporation " includes ... individuals ; ( 2 ) The term " corporation " includes associations , joint - stock companies , and insurance com- panies ...
Página 39
... individual who owned Prudential stock on March 1 , 1913 , derived no taxable gain from the disposition thereof through mutualiza- tion in 1915 , the value of the stock being the same on both dates . Walter et al . v . Duffy ( Col ...
... individual who owned Prudential stock on March 1 , 1913 , derived no taxable gain from the disposition thereof through mutualiza- tion in 1915 , the value of the stock being the same on both dates . Walter et al . v . Duffy ( Col ...
Página 58
... INDIVIDUALS . NORMAL TAX . SEC . 210. That , in lieu of the tax imposed by section 210 of the Revenue Act of 1918 ... individual the tax shall , in addition to the credits provided in section 222,70 be credited with 25 per centum of ...
... INDIVIDUALS . NORMAL TAX . SEC . 210. That , in lieu of the tax imposed by section 210 of the Revenue Act of 1918 ... individual the tax shall , in addition to the credits provided in section 222,70 be credited with 25 per centum of ...
Página 60
... individual ,. Act of 1924 . the net income of every individ- ual ( except as provided in sub- division ( b ) of this section ) a normal tax of Act of 1918 . be levied , collected , and paid for each taxable year upon the net income of ...
... individual ,. Act of 1924 . the net income of every individ- ual ( except as provided in sub- division ( b ) of this section ) a normal tax of Act of 1918 . be levied , collected , and paid for each taxable year upon the net income of ...
Términos y frases comunes
accrued affirming Id amended approval ascer assessed basis benefit bonds calendar capital stock ceed centum cluding collected collector Commis Commissioner of Internal company or association computed decedent deduction dends distraint district dividends duction earnings entitled estate exceeds estate or trust estate tax exempt fair market value filed fiscal gains gross estate gross income imposed by section income exceeds income tax insurance company interest Internal Revenue invested capital joint-stock company levied loss March ment net income exceeds nineteen hundred nonresident alien normal tax pany par value paragraph partnership payable payment period person Philippine Islands poration Porto Rico premiums prescribed prior profits provided in section purpose quired received refund Revenue Act Second Cir Secretary shares sion sioner sources stockholders subdivision tax imposed tax paid taxable taxpayer thereof tion total net income trade or business United vided war-profits withholding
Pasajes populares
Página 74 - 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...
Página 190 - 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...
Página 20 - No gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock or securities in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368 (c) ) of the corporation. For purposes of this section, stock or securities issued for services shall not be considered as issued in return for property.
Página 94 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Página 82 - ... use of or interest in such property; also from interest, rent, dividends, securities or the transaction of any business carried on for gain or profit, or gains or profits, and income derived from any source whatever.
Página 138 - ... or is to be used exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals or for the establishment, acquisition, maintenance or operation of a public cemetery not operated for profit...
Página 98 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Página 497 - ... 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...
Página 262 - ... in the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest upon the bonds of and dividends from foreign corporations by...
Página 42 - Whenever in the opinion of the Commissioner the use of inventories is necessary In order clearly to determine the Income of any taxpayer, inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the income.