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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... fair to the taxpayer in this connection . No narrow or rigid construction has been placed upon the limiting phrase " articles contributing to the prosecution of the present war . " A period of three years has been provided for re ...
... fair construction of what the equities and necessities of the present situation require . 1455. Return and payment of tax under the special taxes on occupations law . " Persons whose occupations are subject to an annual tax are advised ...
... fair estimate of the market value can be made . If the salable colors were disposed of after the close of the taxable year 1918 , the accompanying obsolescence of the remain- ing stock takes place in the year 1919 , and the deduction ...
... fair value of the capital stock in excess of $ 5,000 . ¶ 1508. Invested Capital . If any corporation has had its assets appraised and credited any appreciation to surplus ac- count , this amount should not be included in invested ...
... fair market price .. ..1527 Return ; date when due ; first return ; branches ; re- ceivers , etc .; taxpayer's records ; forms ; inspection of books ; payment .1528 Aids to collection of tax .... ..1529 Credits and refunds ..1530 ...