Reports of the U.S. Board of Tax Appeals, Volume 9U.S. Government Printing Office, 1929 - Taxation |
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Page 6
... acquired by the petitioner in 1915 when a customer defaulted on a loan of $ 2,825 which was secured by this property . The property when taken was subject to a mortgage of $ 9,500 which the petitioner assumed . Its cost , therefore ...
... acquired by the petitioner in 1915 when a customer defaulted on a loan of $ 2,825 which was secured by this property . The property when taken was subject to a mortgage of $ 9,500 which the petitioner assumed . Its cost , therefore ...
Page 32
... acquired under the terms of a guaranty agreement . FINDINGS OF FACT . The petitioner is an individual residing at Panhandle , Tex . From 1914 to 1920 he was the active vice president and a director of the Drumright State Bank of ...
... acquired under the terms of a guaranty agreement . FINDINGS OF FACT . The petitioner is an individual residing at Panhandle , Tex . From 1914 to 1920 he was the active vice president and a director of the Drumright State Bank of ...
Page 41
... acquired and included that amount in invested capital , which was equal to 25 per cent of the capital stock outstanding . OPINION . SMITH : 1. The first question presented is whether the petitioner is entitled to deduct from gross ...
... acquired and included that amount in invested capital , which was equal to 25 per cent of the capital stock outstanding . OPINION . SMITH : 1. The first question presented is whether the petitioner is entitled to deduct from gross ...
Page 47
... acquired a small interest in the partnership which he held until about the year 1890 when he withdrew his share . Thereafter he had no connection with the business . Substantial sums were withdrawn annually by the partners from the ...
... acquired a small interest in the partnership which he held until about the year 1890 when he withdrew his share . Thereafter he had no connection with the business . Substantial sums were withdrawn annually by the partners from the ...
Page 122
... acquired for war purposes had a value in the open market of not more than 10 per cent of its cost . Part of such machinery and equipment was sold by petitioner for nominal prices . Part of it was transferred in 1920 to Brooklyn , where ...
... acquired for war purposes had a value in the open market of not more than 10 per cent of its cost . Part of such machinery and equipment was sold by petitioner for nominal prices . Part of it was transferred in 1920 to Brooklyn , where ...
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additional agreement alleged allowed amount Appeal assessment assets Bank basis Board capital stock cash cent Centaur Company charged claim Coal COMMISSIONER OF INTERNAL Company computing contract Corning Glass corporation cost debt decedent December 23 December 31 deduction from gross deficiency in income Delaware Corporation depreciation determined disallowed dividends Docket earnings entered on 15 equipment evidence executors expenses February 28 filed FINDINGS OF FACT follows ganister gross income held included income and profits income tax income-tax return interest INTERNAL REVENUE invested capital issue January January 31 lease Lessee Lessor liability loss lumber manufacture March net income November 25 operation opinion paid par value parties partnership payment period peti petitioner petitioner's plant preferred stock prior profits taxes Promulgated December Promulgated November purchase question Railroad received redetermination respondent Revenue Act Rule 50 salaries shares sold statute stockholders taxable taxpayer thereof tion tioner trust