New York State Personal Income Tax Law: Summary and Text of Law. List of Securities with Values as of January 1, 1919. 1919 Law1920 - 102 pages |
From inside the book
Results 1-5 of 25
Page 5
... individual incomes . It follows close- ly and in many respects is identically the same as the present Federal Income Tax Law , with which investors are generally familiar . In this summary , therefore , it is not the purpose to do more ...
... individual incomes . It follows close- ly and in many respects is identically the same as the present Federal Income Tax Law , with which investors are generally familiar . In this summary , therefore , it is not the purpose to do more ...
Page 8
... individual or partnership Profit and loss in disposing of a gift ... ..... Profit and loss in case of an estate or beneficiary of an estate Losses Security becoming worthless Abolition of tax - free covenants Dividends received by a ...
... individual or partnership Profit and loss in disposing of a gift ... ..... Profit and loss in case of an estate or beneficiary of an estate Losses Security becoming worthless Abolition of tax - free covenants Dividends received by a ...
Page 11
... Individual returns Non - residents Partnership returns ( § 368 ) Partnerships Fiduciary returns ( § 369 ) Fiduciaries Returns when accounting period changed ( § 370 ) Change from fiscal year to calendar year Time and place of filing ...
... Individual returns Non - residents Partnership returns ( § 368 ) Partnerships Fiduciary returns ( § 369 ) Fiduciaries Returns when accounting period changed ( § 370 ) Change from fiscal year to calendar year Time and place of filing ...
Page 13
... Individuals are divided into two classes - resident and non - resident . As the treatment of each differs in many respects we shall comment first upon the law as it ap- plies to residents and later on as it applies to non - resi- dents ...
... Individuals are divided into two classes - resident and non - resident . As the treatment of each differs in many respects we shall comment first upon the law as it ap- plies to residents and later on as it applies to non - resi- dents ...
Page 19
... individual , with a like income and similar indebt- edness , but receiving his total income of $ 60,000 from taxable sources , would be privileged to deduct practically the entire $ 6,000 of interest . Interest deduction is often a very ...
... individual , with a like income and similar indebt- edness , but receiving his total income of $ 60,000 from taxable sources , would be privileged to deduct practically the entire $ 6,000 of interest . Interest deduction is often a very ...
Common terms and phrases
amount beneficiary Bid Asked calendar compensation Comptroller computing Consolidated Mtge Convertible Gold corporation Debenture Gold deduction dividends due April due August due December due February due January due July due June due March due November due October due September earnings or profits Electric Co Electric Light Electric Railway Erie Railroad Co Extension Mtge fiduciary filing fiscal funding Mtge Gas & Electric Gold 3½s Gold 42s gross income Hudson River R. R. husband or wife Illinois Central Railroad Income Tax Law interest Lehigh Valley Railroad Lien Gold Light & Power living with husband Louis Louisville & Nashville market value Milwaukee & St Nashville Railroad net income non-resident Northern Pacific Railway paid partnership payment personal exemption provisions Railway & Light Railway Co Refunding Mtge resident Returns of income S. F. Gold salaries Secured Debts Tax Series Southern Railway taxable income taxation taxpayer tion Traction Western Railway withholding agent York Central
Popular passages
Page 77 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (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 employed does not clearly reflect the income...
Page 83 - Any amount paid out for new buildings or for permanent improvements or betterments' made to increase the value of any property or estate; 3.
Page 100 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 80 - ... 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 92 - Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.
Page 98 - The said sheriff shall thereupon proceed upon the same in all respects, with like effect, and in the same manner prescribed by law in respect to executions issued against property upon judgments of a court of record, and shall be entitled to the same fees for his services in executing the warrant, to be collected in the same manner.
Page 80 - All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
Page 85 - ... there shall be included in computing the net income of each beneficiary his distributive share, whether distributed or not, of the net income of the estate or trust for the taxable year...
Page 85 - The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212...
Page 82 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence...