Pamphlets, Volumes 45-46 |
From inside the book
Results 1-5 of 16
Page 3
... Invested Capital Re - organizations Foreign corporations enenen A 46 50 Payment of tax 51 MISCELLANEOUS TAXES Capital Stock Tax 64 65 70 Estate Tax ... Stamp Tax - Stocks , bonds , deeds , etc. Occupational Taxes - Brokers , theatres ...
... Invested Capital Re - organizations Foreign corporations enenen A 46 50 Payment of tax 51 MISCELLANEOUS TAXES Capital Stock Tax 64 65 70 Estate Tax ... Stamp Tax - Stocks , bonds , deeds , etc. Occupational Taxes - Brokers , theatres ...
Page 17
... capital ( whether invested or borrowed ) is not a material income - producing factor ; but does not include any foreign corporation , nor any corporation 50 per centum or more of whose Gross Income consists either ( 17 FEDERAL INCOME ...
... capital ( whether invested or borrowed ) is not a material income - producing factor ; but does not include any foreign corporation , nor any corporation 50 per centum or more of whose Gross Income consists either ( 17 FEDERAL INCOME ...
Page 19
... invested capital , the net income and invested capital of any such affiliated corporation organized after August 1 , 1914 , and not successor to a then existing business , 50 per centum or more of whose gross income consists of gains ...
... invested capital , the net income and invested capital of any such affiliated corporation organized after August 1 , 1914 , and not successor to a then existing business , 50 per centum or more of whose gross income consists of gains ...
Page 20
... invested capital and net income , and the remainder of such affiliated group shall be assessed on the basis of the remaining consoli- dated invested capital and net income . Q. What is meant by the words " affiliated corporations " ? A ...
... invested capital and net income , and the remainder of such affiliated group shall be assessed on the basis of the remaining consoli- dated invested capital and net income . Q. What is meant by the words " affiliated corporations " ? A ...
Page 25
... invested capital for the excess profits tax , if our books do not correctly show it ? A. Yes . For illustrations , see pages 48 and 49 . EXAMPLES OF INCOME AND DEDUCTIONS INCOME EXAMPLES Q. I exchanged a convertible bond for common ...
... invested capital for the excess profits tax , if our books do not correctly show it ? A. Yes . For illustrations , see pages 48 and 49 . EXAMPLES OF INCOME AND DEDUCTIONS INCOME EXAMPLES Q. I exchanged a convertible bond for common ...
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Common terms and phrases
1st Liberty Conv 50 cents actual cash value amount in excess amount paid apply assets basis bonds calendar capital stock cash cents centum certificate Commissioner compensation computed contract cost dealer decedent deducted district dividends domestic corporation earnings entire net income estate or trust excess-profits taxes face value fair market value February 28 fiduciary file a return fiscal Form gross estate gross income income tax return interest Internal Revenue inventory invested capital issued loss manufacturer merchandise monthly returns non-resident alien individual normal tax par value partnership payable payment personal exemption personal property personal service corporation place of business poration Profits Taxes promissory notes provisions purchased received resident returns be filed Revenue Act Revised sold stamps statute stockholder surtax tax free covenant tax imposed tax is imposed Tax Law taxable taxpayer tion trade or business United vendee War Finance Corporation war-profits and excess-profits withheld WOOLWORTH BUILDING
Popular passages
Page 23 - 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...
Page 11 - Any amount paid out for new buildings or for permanent Improvements or betterments made to increase the value of any property or estate...
Page 12 - ... any part of the gross income which pursuant to the terms of the will or deed creating the trust...
Page 64 - That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value...
Page 10 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title...
Page 83 - If the tax is not paid when due, there shall be added as part of the tax interest at the rate of 1 per centum a month from the time when the tax became due until paid.
Page 10 - Including those assessed against local benefits of a kind tending to Increase the value of the property assessed...
Page 69 - In a case where the evidence of transfer is shown only by the books of the company the stamp shall be placed upon such books ; and where the change of ownership is by transfer of a certificate the stamp shall be placed upon the certificate; and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank there shall be made and delivered by the seller to the buyer a bill or memorandum of such sale to which the stamp provided for by this article shall...
Page 10 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 17 - For the purpose of this section two or more domestic corporations shall be deemed to be affiliated (1) if one corporation owns directly or controls through closely affiliated interests or by a nominee or nominees substantially all the stock of the other or others, or (2) if substantially all the stock of two or more corporations is owned or controlled by the same interests.