Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" 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,... "
Federal Income and Estate Tax Laws: Correlated and Annotated, Being a ... - Page 42
by Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 549 pages
Full view - About this book

Annual Report of the Corporation of the Chamber of Commerce, of ..., Volume 61

New York Chamber of Commerce - Commerce - 1919 - 784 pages
...any tax payer, inventories shall be taken by such tax payer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming...trade or business and as most clearly reflecting the net income": therefore, be it Resolved, That the Chamber of Commerce of the State of New York recommends...
Full view - About this book

The Federal Reporter

Law reports, digests, etc - 1926 - 1142 pages
...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...business and as most clearly reflecting the income." From time to time the Treasury Department has adopted rules relative to inventories, all of them of...
Full view - About this book

United States Reports: Cases Adjudged in the Supreme Court at ..., Volume 439

United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1980 - 1224 pages
...income of any taxpayer, inventory shall be taken by such taxpayer on such basis as the [Commissioner] may prescribe as conforming as nearly as may be to...the trade or business and as most clearly reflecting income." The implementing Regulations require a taxpayer to value inventory for tax purposes at cost...
Full view - About this book

Official Report of the ... Annual Meeting ..., Volume 4

Lumber - 1919 - 246 pages
...of any taxpayer, inventory shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming...best accounting practice in the trade or business as most clearly reflecting the income." Now, gentlemen, that feature of the Revenue Act should certainly...
Full view - About this book

Canada; Economic Position and Plans for Development

Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...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...most clearly reflecting the income. NET LOSSES SEC. 204.(a) That as used in this section the term "net loss" refers only to net losses resulting from either...
Full view - About this book

Notes on Revenue Act of 1918 Submitted by Secretary of Treasury Without ...

United States. Congress. House. Committee on Ways and Means - 1919 - 190 pages
...form: Strike out subdivisions (a) and (b) of section 204 and substitute in lieu thereof the following: SEC. 204. (a) That as used in this section the term...business regularly carried on by the taxpayer, or (2)Jthe bona fide sale by the taxpayer of plant, buildings, machinery, equipment, or other facilities,...
Full view - About this book

Federal Income Tax, War-profits and Excess-profits Taxes: Including Stamp ...

George Edwin Holmes - Excess profits tax - 1919 - 1052 pages
...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...trade or business and as most clearly reflecting the income,36 and gain or loss is determined in the case of property acquired on or after March 1, 1913,...
Full view - About this book

United States Revenue Act, 1918: Annotated and Indexed. Passed, 1919 ...

National City Company, United States - Internal revenue law - 1919 - 104 pages
...upon such sary t0 determine basis as the Commissioner, with the approval of the Secretary, may income, prescribe as conforming as nearly as may be to the...as most clearly reflecting the income. NET LOSSES. 32. SEC. 204. (a) That as used in this section the term "net loss" "Net lost" defined, refers only...
Full view - About this book

Fairchild's Daily News Record and Women's Wear National Directory ..., Volume 17

Clothing trade - 1920 - 622 pages
...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 most clearly reflecting the Income. NET LOSSES Scop* of net losses. — As used In the atattue the term "net loss" means either a business operating...
Full view - About this book

Federal Income Tax and Its Relation to Real Property: Prepared on Behalf of ...

Real Estate Board of New York - Income tax - 1920 - 104 pages
...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...business and as most clearly reflecting the income. Net Income Defined — Individuals 3 'Law Sec. 212. (a) That in the case of an individual the term "net...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF