Reports of the U.S. Board of Tax Appeals, Volume 24U.S. Government Printing Office, 1932 - Taxation |
From inside the book
Results 1-5 of 100
Page 4
... basis of which the net income is computed under sec- tion 212 . The Armstrong Cork Company and its subsidiaries kept their books and filed their returns for the years 1918 to 1923 , inclusive , on an accrual basis of accounting , and ...
... basis of which the net income is computed under sec- tion 212 . The Armstrong Cork Company and its subsidiaries kept their books and filed their returns for the years 1918 to 1923 , inclusive , on an accrual basis of accounting , and ...
Page 12
... basis of the stock to the trustee is the cost or other basis thereof in the hands of the grantor . This theory requires that the transfer of the stock by Allen to petitioner be held to be an ordinary gift inter vivos . Re- spondent ...
... basis of the stock to the trustee is the cost or other basis thereof in the hands of the grantor . This theory requires that the transfer of the stock by Allen to petitioner be held to be an ordinary gift inter vivos . Re- spondent ...
Page 13
... basis shall be the same as that which it would have in the hands of the donor or the last preceding owner by whom it was not acquired by gift . If the facts necessary to determine such basis are unknown to the donee , the Commissioner ...
... basis shall be the same as that which it would have in the hands of the donor or the last preceding owner by whom it was not acquired by gift . If the facts necessary to determine such basis are unknown to the donee , the Commissioner ...
Page 14
... basis to the trustee for the stock acquired by it as aforesaid . That being so , the cost basis to the trustee is the value of the property at the time acquired . Francis Francis , supra ; Rice v . Eisner , 16 Fed . ( 2d ) 358. That ...
... basis to the trustee for the stock acquired by it as aforesaid . That being so , the cost basis to the trustee is the value of the property at the time acquired . Francis Francis , supra ; Rice v . Eisner , 16 Fed . ( 2d ) 358. That ...
Page 24
... basis for the Barnes lease , instead of the basic value of $ 30,000 claimed by the taxpayers and found by the Commissioner to be the correct value . In computing the profit upon the sale of the above leases and other property the ...
... basis for the Barnes lease , instead of the basic value of $ 30,000 claimed by the taxpayers and found by the Commissioner to be the correct value . In computing the profit upon the sale of the above leases and other property the ...
Other editions - View all
Common terms and phrases
acquired agreed agreement alleged allowed Amalgamated Sugar Company amount assessment assets basis beneficiaries Board bonds capital stock cash cent Centaur Company claimed COMMISSIONER OF INTERNAL common stock computing contract corporation cost Court death debts decedent December 31 deduction depletion depreciation determined disallowed distribution dividends Docket Executors expenses February 28 filed FINDINGS OF FACT follows gifts inter vivos gross income held included income tax income-tax return interest INTERNAL REVENUE inventory invested capital issue January June 30 lease lessee lessor liability Loew's Incorporated loss Lumber March ment net income operating opinion paid par value parties partnership payment period peti petitioner petitioner contends petitioner's preferred stock prior proceeding profits purchase Railroad real estate received respect respondent respondent's Revenue Act Robert Pitman Rule 50 shares sold statute stipulated stockholders supra surplus taxable income taxpayer thereof thereto tion tioner transfer trust wife