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 75
Page v
... Securities Corporation ... . American Stone Co ... American Trust & Banking Co .. Ames , Harris , Neville Co. Ames State Bank . Anchor Stores Co .. Anchor Stores Realty Co .. Anderson , John W Andrews , William M .. Angell , Frederick R ...
... Securities Corporation ... . American Stone Co ... American Trust & Banking Co .. Ames , Harris , Neville Co. Ames State Bank . Anchor Stores Co .. Anchor Stores Realty Co .. Anderson , John W Andrews , William M .. Angell , Frederick R ...
Page 20
... copartnership known as the Iowa Securities Co. which was engaged in real estate operations at Spencer , Iowa , and 1 owned interests therein in the respective proportions of 50/510 20 ( 19 ) 12 U. S. BOARD OF TAX APPEALS REPORTS .
... copartnership known as the Iowa Securities Co. which was engaged in real estate operations at Spencer , Iowa , and 1 owned interests therein in the respective proportions of 50/510 20 ( 19 ) 12 U. S. BOARD OF TAX APPEALS REPORTS .
Page 49
... securities of the said corporation . Petitioner and Hamel received as commissions from the sales of the securities 85 per cent of the amount for which the securities sold above par . The remaining 15 per cent of that amount was paid to ...
... securities of the said corporation . Petitioner and Hamel received as commissions from the sales of the securities 85 per cent of the amount for which the securities sold above par . The remaining 15 per cent of that amount was paid to ...
Page 158
... securities which were paid directly to A , were transferred to a new corpora- tion , the petitioner , which issued all of its capital stock in exchange therefor , the capital stock so issued being divided 48 per cent to A , and 52 per ...
... securities which were paid directly to A , were transferred to a new corpora- tion , the petitioner , which issued all of its capital stock in exchange therefor , the capital stock so issued being divided 48 per cent to A , and 52 per ...
Page 184
... securities . In that case , a loss may be sustained in the year of the embezzlement , although there has been no ascertainment that the debt itself is worthless . It becomes necessary , therefore , in every case to distinguish between a ...
... securities . In that case , a loss may be sustained in the year of the embezzlement , although there has been no ascertainment that the debt itself is worthless . It becomes necessary , therefore , in every case to distinguish between a ...
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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...