Pamphlets, Volumes 45-46 |
From inside the book
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Page 8
... tion of any business carried on for gain or profit . ( 6 ) Partnership Profits . Your share in partnership profits whether divided and distributed or not ( net profits not gross ) . ( 7 ) Gains or profits or income derived through ...
... tion of any business carried on for gain or profit . ( 6 ) Partnership Profits . Your share in partnership profits whether divided and distributed or not ( net profits not gross ) . ( 7 ) Gains or profits or income derived through ...
Page 18
... tion for contributions or gifts to charitable organizations , etc. , will not be allowed and no personal exemption is allowed the partnership as such . Q. May charitable contributions made by a partner- ship be deducted in computing its ...
... tion for contributions or gifts to charitable organizations , etc. , will not be allowed and no personal exemption is allowed the partnership as such . Q. May charitable contributions made by a partner- ship be deducted in computing its ...
Page 24
... tion , wear and tear of property used in the trade or business , including a reasonable allowance for obsolescence . ( 9 ) In the case of mines , oil and gas wells and other natural deposits and timber the Act contains special ...
... tion , wear and tear of property used in the trade or business , including a reasonable allowance for obsolescence . ( 9 ) In the case of mines , oil and gas wells and other natural deposits and timber the Act contains special ...
Page 26
... tion or of other corporations as provided in subdivision 9 of section 211 of the tax law . ( c ) Corporations liable to tax under Secs . 184 to 189 inclusive of the tax law , viz .: 184 - Transportation and transmission companies ; 185 ...
... tion or of other corporations as provided in subdivision 9 of section 211 of the tax law . ( c ) Corporations liable to tax under Secs . 184 to 189 inclusive of the tax law , viz .: 184 - Transportation and transmission companies ; 185 ...
Page 27
... tion as the tax commission may require but excluding inter- corporate stockholdings and intercorporate accounts . In case such a report is made , the tax commission may assess the tax against either of the corporations whose assets or ...
... tion as the tax commission may require but excluding inter- corporate stockholdings and intercorporate accounts . In case such a report is made , the tax commission may assess the tax against either of the corporations whose assets or ...
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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.