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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... 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 , the principal reason assigned in ...
... record , and if return was not filed , and the tax paid within thirty days after notice was received , the taxpayers would be liable to the twenty - five per cent penalty referred to above , but no mention was made in this mimeograph ...
... records of opera- tions as would enable them to prepare returns and pay taxes promptly upon receipt of blanks . A letter will be inclosed with the April blank sent each taxpayer whose name appears in the mailing list prepared from the ...
... records and evidence will be deemed sufficient to establish this right of exemption : ( 1 ) Any record or state- ment showing the exact amount of tax paid upon such articles ; ( 2 ) a certificate or statement of the following tenor ...
... a claim in abatement is filed or not ? Ans . See answer to Question 1. However , it is recom- mended to the taxpayer that all such records be maintained in order to facilitate a proper verification of the return at ( Supplement No. 18 ) ...