Prentice-Hall Tax Service for 1919, Issues 1-32Excerpt 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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... additional assessment of 25 % of the amount due . The penalty for " wil- fully refusing " to make return and pay the tax is a fine of not more than $ 10,000 or one year's imprisonment , or both . For making a false or fraudulent return ...
... addition to the above considerations and to the fact that there is express provision for deducting contributions or gifts in the case of individuals , which is wanting in the sec- tion providing for deductions to be made by corporations ...
... additional special tax who were not notified by collectors on Form 1 - Special of their liability , must make return of taxes due and pay such taxes on or before May 31 , 1919 . return is not filed and the tax paid on or before that ...
... addition to Regula- tions No. 47 , under Section 900 of the Revenue Act of 1918 . Treasury Department , Office of Commissioner of Internal Revenue , Washington , D. C. To Collectors of Internal Revenue and Others Concerned : Article 6 ...
... additional amount of tax involved with interest at the rate of one per cent per month from the time of filing the return until the date of fling the final adjust- ment of taxes for the taxable year 1918 on account of inventory losses ...