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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... received , the taxpayers would be liable to the twenty - five per cent penalty referred to above , but no mention was made in this mimeograph letter of those taxpayers who were liable under the Revenue Act of 1918 , but not liable under ...
... received on and after June 1 , 1919 , in pay- ment of income and profits taxes , with Federal Reserve Banks and branches , following to that extent substantially the pro- cedure adopted in March . As to this procedure , detailed instruc ...
... received until after inventory ? Ans . All goods where title has actually passed to the tax- payer , must be included in the inventory , and as a result thereof are eligible for consideration in any claim in abatement . It is necessary ...
... received in December . 1918 ? Ans . If November 30 , 1918 represents the close of your fiscal year , you may file claim ony for losses sustained on in- ventories which have vested in you up to and including Novem- ber 30 , 1918 , but ...
... received by any taxpayer from the United States by way of adjustment of accrued interest upon conversion of 434 per cent Victory notes into 334 per cent Victory notes wi be deemed to be interest upon 434 per cent Victory notes . All ...