Comparison of the Revenue Acts of 1918 and 1921: With Index ... |
From inside the book
Results 1-5 of 34
Page 3
... fiscal year ending during such calendar year , upon the basis of which the net income is computed under section 212 or section 232. The term " fiscal year " means an accounting period of twelve months ending on the last day of any month ...
... fiscal year ending during such calendar year , upon the basis of which the net income is computed under section 212 or section 232. The term " fiscal year " means an accounting period of twelve months ending on the last day of any month ...
Page 9
... fiscal year beginning in 1920 and ending in 1921 has sustained a net loss during such fiscal year , such taxpayer shall be en- production of articles contributing to the prosecution of the present war ; and wher . so resulting means the ...
... fiscal year beginning in 1920 and ending in 1921 has sustained a net loss during such fiscal year , such taxpayer shall be en- production of articles contributing to the prosecution of the present war ; and wher . so resulting means the ...
Page 10
... fiscal year . FISCAL YEARS 1920-1921 AND 1921-1922 . SEC . 205. ( a ) That if a taxpayer makes return for a fiscal year beginning in 1920 and ending in 1921 , his tax under this title for the taxable year 1921 shall be the sum of : ( 1 ) ...
... fiscal year . FISCAL YEARS 1920-1921 AND 1921-1922 . SEC . 205. ( a ) That if a taxpayer makes return for a fiscal year beginning in 1920 and ending in 1921 , his tax under this title for the taxable year 1921 shall be the sum of : ( 1 ) ...
Page 11
... fiscal year of a partnership be- gins in 1920 and ends in 1921 , or begins in 1921 and ends in 1922 , then ( 1 ) the rates for the calendar year during which such fiscal year begins shall apply to an amount of each partner's share of ...
... fiscal year of a partnership be- gins in 1920 and ends in 1921 , or begins in 1921 and ends in 1922 , then ( 1 ) the rates for the calendar year during which such fiscal year begins shall apply to an amount of each partner's share of ...
Page 19
... ( fiscal year or calendar year , as the case may be ) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed , or if the method ...
... ( fiscal year or calendar year , as the case may be ) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer ; but if no such method of accounting has been so employed , or if the method ...
Common terms and phrases
20 per centum 50 cents accrued alcohol by volume amended amount of tax amount paid approval assessed basis benefit bonds calendar cents cigars collected computed contract dealer decedent December 31 distributed District of Columbia dividends estate or trust excess excess-profits taxes exempt fair market filing fiscal foreign corporation gross estate gross income hereby imposed by section income exceeds income tax interest Internal Revenue internal-revenue invested capital leaf tobacco levied Liberty Bond lieu manner manufacturer ment net income exceeds nonresident alien package par value paragraph partnership payable payment penalty personal service corporation place of business poration Provided further provided in section purposes refunded regulations prescribed Revenue Act Secretary section 230 sioner sold special tax stamp stock or shares subdivision tax equivalent tax imposed taxable taxpayer thereof tion trade or business United vided wines
Popular passages
Page 19 - gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Page 23 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity.
Page 175 - ... or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person except as provided by law; and it shall be unlawful for any person to print or publish in any manner whatever not provided by law any income return or any part thereof or source of income, profits, losses, or expenditures appearing in any income return...
Page 92 - To the extent of the amount receivable by the executor as insurance under policies taken out by the decedent upon his own life; and to the extent of the excess over $40,000 of the amount receivable by all other beneficiaries as insurance under policies taken out by the decedent upon his own life.
Page 74 - ... the amount or source of income, profits, losses, expenditures, or any particular thereof, set forth or disclosed in any income return, or to permit any income return or copy thereof or any book containing any abstract or particulars thereof to be seen or examined by any person...
Page 21 - The income of foreign governments received from investments in the United States in stocks, bonds, or other domestic securities, owned by such foreign governments, or from interest on deposits in banks in the United States of moneys belonging to such foreign governments, or from any other source within the United States ; 56.
Page 73 - ... or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto...
Page 61 - States) ; (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 90 - ... (a) To the extent of the interest therein of the decedent at the time of his death which after his death is subject to the payment of the charges against his estate and the expenses of its administration and is subject to distribution as part of his estate...
Page 35 - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o) ) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust...