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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... Tax . $ 2,000 12,000 Subject to tax at 10 % .. 14,000.00 $ 86,000.00 Tax at 10 % on $ 86,000 .. Total Income Tax- 10/12 of $ 8,880 . 2/12 of $ 8,600 . Total Tax $ 8,600.00 $ 7,400.00 1,433.33 $ 8,833.33 1454. Statement by the Bureau of ...
... subject to an annual tax are advised by the Bureau of Internal Revenue to underscore on their calendars May 31 , the last day for the return and payment of the tax . " Failure to make return and pay the tax by that date ren- ders the ...
... subject to tax . Section 214 relates to individuals and allows as deductions : ( 1 ) All ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business , etc. ( 2 ) All interest paid or ...
... tax on the net income , and the amount of invested capital in no way affected this tax . Those corporations which ... subject to tax at 20 % .. $ 57,000 Amount of tax ... $ 11,400 15 % to 20 % of invested capital subject to tax at ...
... subject to tax at rate of 45 % 80,000 Amount of tax at this rate .. 36,000 Income in excess of 33 % of invested capital tax- able at rate of 60 % ... 100,000 Amount of tax at this rate . 60,000 Total excess profits tax .. $ 137,400 Income ...