Reports of the U.S. Board of Tax Appeals, Volume 12U.S. Government Printing Office, 1929 - Taxation |
From inside the book
Results 1-5 of 100
Page 17
... cost which is far less than the actual cost of bring- ing its orchard to the productive stage . It is alleged that the major part of the costs of planting , cultivation , and of bringing the orchard to the productive stage has been ...
... cost which is far less than the actual cost of bring- ing its orchard to the productive stage . It is alleged that the major part of the costs of planting , cultivation , and of bringing the orchard to the productive stage has been ...
Page 18
... cost of bringing the orchard to the productive stage . Admitting , without deciding , that this cost amounted to $ 24,000 , there is no evidence as to the proportions incurred , respectively , prior to and after March 1 , 1913 ...
... cost of bringing the orchard to the productive stage . Admitting , without deciding , that this cost amounted to $ 24,000 , there is no evidence as to the proportions incurred , respectively , prior to and after March 1 , 1913 ...
Page 27
... cost on the books . In the manufacture of both beer and near beer the petitioner used the same machinery , with the exception that in making beer a rest tank was used , in which the beer ceased fermenting and the product was clarified ...
... cost on the books . In the manufacture of both beer and near beer the petitioner used the same machinery , with the exception that in making beer a rest tank was used , in which the beer ceased fermenting and the product was clarified ...
Page 28
... cost depreciated ... $ 28 , 414.71 27 , 571.57 21 , 296. 36 6 , 347. 60 28,342.32 MACHINERY AND TOOLS Cost as of January 1 , 1913 , less depreciation to that date__ Additions January 1 , 1913 , to December 31 , 1919_ . Depreciation ...
... cost depreciated ... $ 28 , 414.71 27 , 571.57 21 , 296. 36 6 , 347. 60 28,342.32 MACHINERY AND TOOLS Cost as of January 1 , 1913 , less depreciation to that date__ Additions January 1 , 1913 , to December 31 , 1919_ . Depreciation ...
Page 34
... cost or March 1 , 1913 , value , since such depreciation was not a legal deduction from gross income . Deposit Trust & Savings Bank , Executor , v . Commissioner , 11 B. T. A. 706. We are of the opinion that the same principle would be ...
... cost or March 1 , 1913 , value , since such depreciation was not a legal deduction from gross income . Deposit Trust & Savings Bank , Executor , v . Commissioner , 11 B. T. A. 706. We are of the opinion that the same principle would be ...
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Common terms and phrases
acquired agreement alleged amount assessment assets Bank basis Board bonds Boston Elevated Railway calendar capital stock cash cent claim COMMISSIONER OF INTERNAL Company computing consolidated contract corporation cost court December 31 deduction deficiency in income depletion depreciation determined dividends Docket Donaldson Co earnings entered under Rule evidence fair market value February filed FINDINGS OF FACT follows gross income included income and profits income tax interest INTERNAL REVENUE inventory invested capital issued James Couzens January January 31 Julius Rosenwald June 15 lease loans loss March March 11 mortgage net income operation opinion paid par value parties partnership payable payment peti petitioner petitioner's preferred stock prior proceeding profits taxes Promulgated June purchase Realty received redetermination respect Revenue Act Robert Whittaker Rosenwald Fund Rule 50 sold statute stockholders taxable taxpayer thereof tion tioner transferred Trust Western Maryland Railway
Popular passages
Page 563 - A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs...
Page 571 - The value of the gross estate of the decedent shall be determined by including the value at the time of his death...
Page 131 - ... shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belonging to such person.
Page 668 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 977 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of Section 11, any such amounts are to be properly accounted for as of a different period.
Page 128 - ... (a) Method of collection. The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid in the same manner and subject to the same provisions and limitations as in the case of a deficiency in a tax imposed by this...
Page 532 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 783 - Where before the expiration of the time prescribed in section 275 for the assessment of the tax, both the Commissioner and the taxpayer have consented in writing to its assessment after such time, the tax may be assessed at any time prior to the expiration of the period agreed upon.
Page 391 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Page 727 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...