Income Tax Law: Analysis and Comment |
From inside the book
Results 1-5 of 56
Page 3
... residents . Non - resident aliens . Rates of tax .... Normal and surtax under previous laws . Normal and surtax under law of 1918 . Normal and surtax under law of 1919 . Non - resident aliens . Application of rates of surtax . " Normal ...
... residents . Non - resident aliens . Rates of tax .... Normal and surtax under previous laws . Normal and surtax under law of 1918 . Normal and surtax under law of 1919 . Non - resident aliens . Application of rates of surtax . " Normal ...
Page 4
... resident aliens . Under 1913 law . Under 1916 law . Under 1917 law . Under present law . Dividends received by corporations . Stock dividends Definition . Constitutionality of taxation . Dividend received during first 60 days of taxable ...
... resident aliens . Under 1913 law . Under 1916 law . Under 1917 law . Under present law . Dividends received by corporations . Stock dividends Definition . Constitutionality of taxation . Dividend received during first 60 days of taxable ...
Page 5
... resident aliens . Recent changes regarding deductions . Full amount of realized losses allowed ... " Net Loss " 47 48 51 51 Claim in abatement , for inventory losses . 52 Losses after the year 1918 ...... 52 Income tax paid no longer ...
... resident aliens . Recent changes regarding deductions . Full amount of realized losses allowed ... " Net Loss " 47 48 51 51 Claim in abatement , for inventory losses . 52 Losses after the year 1918 ...... 52 Income tax paid no longer ...
Page 6
... resident alien individuals ... 66 Applies to practically all American income . Does not apply to dividends . Amount of tax deducted . Owners of securities not known to withholding agents .... Deduction at the source .. 66 67-68 Non - ...
... resident alien individuals ... 66 Applies to practically all American income . Does not apply to dividends . Amount of tax deducted . Owners of securities not known to withholding agents .... Deduction at the source .. 66 67-68 Non - ...
Page 13
... resident aliens - allowance of deduction and credits .. 107 Personal exemption . Partnerships and personal service corporations ..... Estates and trusts .. 107 108 Profits of corporations taxable to stockholders .. Deduction at the ...
... resident aliens - allowance of deduction and credits .. 107 Personal exemption . Partnerships and personal service corporations ..... Estates and trusts .. 107 108 Profits of corporations taxable to stockholders .. Deduction at the ...
Common terms and phrases
accounting period allowable deductions amount of tax amounts received apply approval assessed basis beneficiary bonds calendar year 1918 cent centum citizen or resident collected computed contract deductions and credits deemed deputy collector distributed district domestic corporation earnings or profits entire period estate or trust excess profits taxes fair market value February 28 Federal fiduciary fiscal foreign corporation foreign country gross income income derived income exceeds installment interest Internal Revenue inventory liable Liberty Bond Liberty Loan living with husband loss Municipal Bonds net income exceeds non-resident alien individual normal tax obligations paid or accrued partnership payment personal exemption personal service corporation Philippine Islands poration Porto Rico prescribed purpose rates redetermination regulations Revenue Act section 252 statute stockholders surtax tax due tax free tax imposed Taxable Securities taxes paid taxpayer thereof tion trade or business Treasury Department United War Finance Corporation war profits withholding agent
Popular passages
Page 112 - That every partnership shall make a return for each taxable year, stating specifically the items of its gross income and the deductions allowed by this title, and shall include in the return the names and addresses of the individuals who would be entitled to share in the net income if distributed and the amount of the distributive share of each individual. The return shall be sworn to by any one of the partners.
Page 103 - ... 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 133 - It shall be unlawful for any collector, deputy collector, agent, clerk, or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law to any person the operations, style of work, or apparatus of any manufacturer or producer visited by him in the discharge of his official duties, or the amount or source of income, profits, losses, expenditures, or any particular thereof,.
Page 135 - The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax unless the tax has been paid before the discovery of the neglect, falsity, or fraud, in which case the amount so added shall be collected in the same manner as the tax.
Page 103 - ... taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 117 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 120 - States and not having any office or place of business therein, there shall be deducted and withheld at the source in the same manner and upon the same items of income as is provided in section...
Page 113 - If the change is from calendar year to fiscal year, a separate return shall be made for the period between the close of the last calendar year for which return was made and the date designated as the close of the fiscal year.
Page 134 - ... whenever any person who is required to deliver a monthly or other return of objects subject to tax fails to do so at the time required, or delivers any return which, in the opinion of the collector, is false or fraudulent, or contains any undervaluation or understatement...
Page 101 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract...