Pamphlets, Volume 35 |
From inside the book
Results 1-5 of 29
Page 15
... Corporation , provided , that every person owning any of the obligations ... Corporation , the interest is exempt only if and to the extent provided in the ... foreign governments received from any source whatever within the United ...
... Corporation , provided , that every person owning any of the obligations ... Corporation , the interest is exempt only if and to the extent provided in the ... foreign governments received from any source whatever within the United ...
Page 25
... foreign corporation , nor any corporation 50 per centum or more of whose Gross Income consists either ( 1 ) of gains , profits , or income derived from trading as a principal , or ( 2 ) of ... corporation 25 PERSONAL SERVICE CORPORATIONS.
... foreign corporation , nor any corporation 50 per centum or more of whose Gross Income consists either ( 1 ) of gains , profits , or income derived from trading as a principal , or ( 2 ) of ... corporation 25 PERSONAL SERVICE CORPORATIONS.
Page 28
... foreign cor- porations . Q. What items can a corporation deduct from its gross income in computing the amount of its taxable income ? A. ( 1 ) Ordinary and necessary expenses paid or in- curred during the taxable year in carrying on any ...
... foreign cor- porations . Q. What items can a corporation deduct from its gross income in computing the amount of its taxable income ? A. ( 1 ) Ordinary and necessary expenses paid or in- curred during the taxable year in carrying on any ...
Page 29
... corporation by the authority of any foreign country , except the amount of foreign in- come , war - profits and excess - profits taxes , allowed as a credit under Section 238 ; or ( e ) in the case of a foreign corporation by the ...
... corporation by the authority of any foreign country , except the amount of foreign in- come , war - profits and excess - profits taxes , allowed as a credit under Section 238 ; or ( e ) in the case of a foreign corporation by the ...
Page 30
... Corporation , and which is included in gross income as being in excess of the amount exempted from the war - profits ... foreign country and to possessions of the United States , may we have such taxes credited against the United States tax ?
... Corporation , and which is included in gross income as being in excess of the amount exempted from the war - profits ... foreign country and to possessions of the United States , may we have such taxes credited against the United States tax ?
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Common terms and phrases
1st Liberty Conv 50 per centum actual cash value amount in excess basis benefit bona fide bonds cents Commissioner decedent deductions allowed determined distributed district District of Columbia dividends domestic corporation earnings or profits estate or trust excess-profits taxes fair market value February 28 fiduciary file a return foreign corporation government contract gross income income derived income exceeds income from sources income in excess income tax installment intangible property interest Internal Revenue loss manufacturer net income exceeds non-resident alien individual normal tax November 11 par value paragraph partnership payment personal service corporation Philippine Islands place of business premium prewar period purposes rates redetermination Revenue Act section 216 sold specific exemption stock or securities stock or shares stockholders surtax tax computed tax imposed tax paid taxable year 1918 taxpayer tion trade or business United War Finance Corporation war-profits and excess-profits war-profits credit withheld
Popular passages
Page 90 - Columbia, the compensation received as such), 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 from any source whatever.
Page 10 - Including those assessed against local benefits of a kind tending to Increase the value of the property assessed...
Page 7 - Interest upon (a) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia...
Page 49 - That for the purpose of the tax the value of the net estate shall be determined — (a) In the case of a resident, by deducting from the value...
Page 96 - ... for the taxable year, or, if his net income for such taxable year is computed upon the basis of a period different from that upon the basis of which the net income of the partnership...
Page 9 - All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title...
Page 95 - In the case of a nonresident alien individual the deductions shall be allowed only if and to the extent that they are connected with income from sources within the United States; and the proper apportionment and allocation of the deductions with respect to sources of income within and without the United States shall be determined as provided in section 119, under rules and regulations prescribed by the Commissioner with the approval of the Secretary.
Page 121 - An Act to provide revenue, equalize duties, and encourage the industries of the United States, and for other purposes," the Act of October 3, 1913, entitled "An Act to reduce tariff duties and to provide revenue for the Government, and for other purposes...
Page 69 - If the tax is not paid when due, there shall be added as part of the tax interest at the rate of 1 per centum a month from the time when the tax became due until paid.
Page 55 - In a case where the evidence of transfer is shown only by the books of the company the stamp shall be placed upon such books ; and where the change of ownership is by transfer of a certificate the stamp shall be placed upon the certificate; and in cases of an agreement to sell or where the transfer is by delivery of the certificate assigned in blank there shall be made and delivered by the seller to the buyer a bill or memorandum of such sale to which the stamp provided for by this article shall...