Reports of the U.S. Board of Tax Appeals, Volume 9U.S. Government Printing Office, 1929 - Taxation |
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Results 1-5 of 100
Page 6
... cost , therefore , was $ 12,325 . The difference between the selling price of $ 8,392.38 and the foregoing cost , less accrued depreciation of $ 466.67 , represents a deductible loss in 1919 when the sale was made . With respect to the ...
... cost , therefore , was $ 12,325 . The difference between the selling price of $ 8,392.38 and the foregoing cost , less accrued depreciation of $ 466.67 , represents a deductible loss in 1919 when the sale was made . With respect to the ...
Page 46
... cost of furniture and fixtures as a deduction in computing gain or loss on sale of business . ( 3 ) Overstating the amount of income tax for 1918 restored to income . ( 4 ) Failure to include the alleged cost of good will in invested ...
... cost of furniture and fixtures as a deduction in computing gain or loss on sale of business . ( 3 ) Overstating the amount of income tax for 1918 restored to income . ( 4 ) Failure to include the alleged cost of good will in invested ...
Page 56
... cost basis to be used for this item in the transaction . This leaves only the remaining four items . As to these , since the cost or March 1 , 1913 , value was taken as zero , clearly there can be no charge of excessive valuation , and ...
... cost basis to be used for this item in the transaction . This leaves only the remaining four items . As to these , since the cost or March 1 , 1913 , value was taken as zero , clearly there can be no charge of excessive valuation , and ...
Page 108
... cost of $ 1,750 . For the year 1919 , respondent allowed petitioner $ 508.33 as depreciation on that Reo truck , leaving an undepreciated cost of $ 1,241.67 on January 1 , 1920. On March 8 , 1920 , the said Reo truck was traded in at ...
... cost of $ 1,750 . For the year 1919 , respondent allowed petitioner $ 508.33 as depreciation on that Reo truck , leaving an undepreciated cost of $ 1,241.67 on January 1 , 1920. On March 8 , 1920 , the said Reo truck was traded in at ...
Page 109
... cost of $ 1,825 had an approximate useful life of 18 months , at the end of which period it would have an approximate salvage or trade - in value of one - eighth of its cost of $ 228.12 , and we are of the opinion that the difference or ...
... cost of $ 1,825 had an approximate useful life of 18 months , at the end of which period it would have an approximate salvage or trade - in value of one - eighth of its cost of $ 228.12 , and we are of the opinion that the difference or ...
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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