Reports of the Tax Court of the United States, Volume 22U.S. Government Printing Office, 1955 - Law reports, digests, etc |
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Results 1-5 of 100
Page 46
... lease for its Shreveport store at 606 Texas Street was to expire June 1940 , and by the terms thereof petitioner was required to notify the lessor before June 1939 of any intention to renew such lease . The renewal rent was higher than ...
... lease for its Shreveport store at 606 Texas Street was to expire June 1940 , and by the terms thereof petitioner was required to notify the lessor before June 1939 of any intention to renew such lease . The renewal rent was higher than ...
Page 71
... lease sales __- Lease rentals received_ . Lease bonuses received ---- Less - 272 % depletion thereon__ Royalty sales non - producing- Less cost of royalties sold_ Gross income ...... . ( $ 26 , 191.66 ) 296. 63 59 , 126. 06 ( 18 , 281 ...
... lease sales __- Lease rentals received_ . Lease bonuses received ---- Less - 272 % depletion thereon__ Royalty sales non - producing- Less cost of royalties sold_ Gross income ...... . ( $ 26 , 191.66 ) 296. 63 59 , 126. 06 ( 18 , 281 ...
Page 72
... Lease rentals paid --- . Commissions and participation of profits in lease sales --- Abstract expense ---- General leasing expense-- Traveling- Ad valorem taxes , business property --- Federal documentary stamp assessment Oklahoma leases ...
... Lease rentals paid --- . Commissions and participation of profits in lease sales --- Abstract expense ---- General leasing expense-- Traveling- Ad valorem taxes , business property --- Federal documentary stamp assessment Oklahoma leases ...
Page 74
... leases canceled or surrendered by petitioner in 1946 , leases costing $ 6,563.39 were leases on properties outside of the State of Oklahoma and in noncommunity property States . The net operating loss of the business , computed without ...
... leases canceled or surrendered by petitioner in 1946 , leases costing $ 6,563.39 were leases on properties outside of the State of Oklahoma and in noncommunity property States . The net operating loss of the business , computed without ...
Page 76
... leases acquired by petitioner prior to July 26 , 1945. These leases were his separate property prior to the effective date of the Oklahoma Com- munity Property Act of 1945 , and continued to be his separate prop- erty until canceled ...
... leases acquired by petitioner prior to July 26 , 1945. These leases were his separate property prior to the effective date of the Oklahoma Com- munity Property Act of 1945 , and continued to be his separate prop- erty until canceled ...
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Common terms and phrases
acquired adjustment agreed agreement alimony amended amount assessment assets average base period bank Camp Wolters capital cash cent claims COMMISSIONER OF INTERNAL community property Company computed contract corporation cost Court decedent December 31 decree deduction deficiency depreciation determined distribution Docket earnings employees entitled excess profits tax expenses filed FINDINGS OF FACT follows funds gross income held hereinafter husband income tax income tax returns interest Internal Revenue Code inventory issue January June Lasky lease liability loans loss ment operation option ordinary income paid parties partnership payable payments period net income peti petitioner petitioner's policies prior purchase pursuant received refund rental reported respect respondent respondent's Royal Crown Cola section 722 Sergeant York shares sold SoRelle SoRelle's stipulated stockholders supra taxable taxpayer Texas thereof timber tion tioner Tommy Armour transfer trust United Warner Bros wife Willys
Popular passages
Page 650 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered; traveling expenses (including the entire amount expended for meals and lodging) while away from home in the pursuit of a trade or business...
Page 6 - 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...
Page 196 - Is divorced or legally separated from her husband under a decree of divorce or of separate maintenance, periodic payments (whether or not made at regular Intervals) received subsequent to such decree...
Page 457 - If property (as a result of its destruction in whole or in part, theft or seizure, or an exercise of the power of requisition or condemnation, or the threat or imminence thereof...
Page 394 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income) ; ART.
Page 832 - The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 113 (b) for the purpose of determining the gain upon the sale or other disposition of such property.
Page 896 - No gain or loss shall be recognized if stock or securities in a corporation a party to a reorganization are, in pursuance of the plan of reorganization, exchanged solely for stock or securities in such corporation or in another corporation a party to the reorganization.
Page 251 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 538 - ... in discharge of, a legal obligation which, because of the marital or family relationship, is imposed upon or incurred by such husband under such decree or under a written instrument incident to such divorce...
Page 453 - 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.