Prentice-Hall Tax Service for 1919 (Classic Reprint)Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. |
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... Revenue Act of 1918 in the case of corporations with a fiscal year ending in 1919. You ask the following question : " In computing the income tax at the 1918 and 1919 rates respectively , should the excess profits tax actually to be ...
Prentice-Hall Inc, Prentice-Hall, inc. 1456. " The Revenue Act of 1918 imposes also on pleasure boats , power boats and sailing boats of over five net tons an on motor boats with fixed engines not used exclusively for trade or commerce ...
... Revenue Act of 1918 ( Congressional Record for September 17 , 1918 ) shows that an amendment providing that corporations might make deductions of contributions or gifts , as in the case of individuals , came to a vote and was defeated ...
... Act of 1918 , Paragraphs 1 to 11 inclusive , imposes certain special taxes on occupations , which became effective ... Revenue Act of 1918 , but not liable under previous Acts . If the All persons liable to the special tax under sections ...
... Revenue , Washington , D. C. To Collectors of Internal Revenue and Others Concerned : Section 213 ( a ) of the Revenue Act of 1918 provides that gross income shall include " gains , profits , and income derived from salaries , wages ...