Reports of the U.S. Board of Tax Appeals, Volume 24U.S. Government Printing Office, 1932 - Taxation |
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Results 1-5 of 100
Page 5
... hold that respondent committed no error in re- fusing to allow petitioners to deduct , from consolidated gross income in 1923 , taxes paid to the French Government in 1922 for the years 1918 , 1919 , and 1920. Accordingly , decision ...
... hold that respondent committed no error in re- fusing to allow petitioners to deduct , from consolidated gross income in 1923 , taxes paid to the French Government in 1922 for the years 1918 , 1919 , and 1920. Accordingly , decision ...
Page 21
... hold that it was thereby left insolvent . It never paid the tax and it did dissolve , but these facts do not prove insolvency immediately after the alleged distribution . Cf. Samuel Keller et al . , 21 B. T. A. 84 ; Kinnett - Odom Co ...
... hold that it was thereby left insolvent . It never paid the tax and it did dissolve , but these facts do not prove insolvency immediately after the alleged distribution . Cf. Samuel Keller et al . , 21 B. T. A. 84 ; Kinnett - Odom Co ...
Page 29
... hold accordingly . In October , 1920 , Mrs. Hoffer sold 3,000 shares of the Fensland Oil Company stock , upon which the respondent has determined a profit of $ 11,880 . This stock had been acquired by Mr. Hoffer as community property ...
... hold accordingly . In October , 1920 , Mrs. Hoffer sold 3,000 shares of the Fensland Oil Company stock , upon which the respondent has determined a profit of $ 11,880 . This stock had been acquired by Mr. Hoffer as community property ...
Page 32
... hold said described property unto said purchaser , his heirs and assigns forever . This sale is made for the consideration of the sum of One Hundred Thousand Dollars ( 100,000.00 ) , cash in hand paid , the receipt of which is hereby ac ...
... hold said described property unto said purchaser , his heirs and assigns forever . This sale is made for the consideration of the sum of One Hundred Thousand Dollars ( 100,000.00 ) , cash in hand paid , the receipt of which is hereby ac ...
Page 35
... hold that the respondent did not err in refusing to allow deple- tion deductions from the $ 55,526.32 received by Mrs. Lena Brown in 1921 from the sale of mineral rights , and from the $ 56,491.23 received by Mrs. Hazel McDonald in 1921 ...
... hold that the respondent did not err in refusing to allow deple- tion deductions from the $ 55,526.32 received by Mrs. Lena Brown in 1921 from the sale of mineral rights , and from the $ 56,491.23 received by Mrs. Hazel McDonald in 1921 ...
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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