Regulations 64 Relating to the Capital Stock Tax Under Section 701 of the Revenue Act of 1934 |
From inside the book
Results 1-5 of 14
Page 6
... period from the date of the enactment of this Act to June 30 , 1934 , both dates inclusive ; or * ART . 31. Nature of the tax . - The tax is an excise tax imposed with respect to the carrying on or doing business by a corporation during ...
... period from the date of the enactment of this Act to June 30 , 1934 , both dates inclusive ; or * ART . 31. Nature of the tax . - The tax is an excise tax imposed with respect to the carrying on or doing business by a corporation during ...
Page 7
... period , doing nothing more than holding its property , a detailed statement of its activities during the taxable period will be required . Any activities with respect to its properties or business other than such as are necessary to ...
... period , doing nothing more than holding its property , a detailed statement of its activities during the taxable period will be required . Any activities with respect to its properties or business other than such as are necessary to ...
Page 8
... period it makes no purchase or sale because of unfavorable market conditions . A corporation organized for the purpose of taking over and hold- ing securities is held to be doing business if it makes investments or reinvestments of its ...
... period it makes no purchase or sale because of unfavorable market conditions . A corporation organized for the purpose of taking over and hold- ing securities is held to be doing business if it makes investments or reinvestments of its ...
Page 10
... period from the date as of which the original declared value was declared to the close of its last income - tax taxable year ending at or prior to the close of the year for which the tax is imposed by this section . The amount of such ...
... period from the date as of which the original declared value was declared to the close of its last income - tax taxable year ending at or prior to the close of the year for which the tax is imposed by this section . The amount of such ...
Page 11
... period . If no such period was established , the value shall be declared as of the date of the organization of the corporation . If a corporation is organized after June 30 , 1934 , a similar rule to that stated in the last preceding ...
... period . If no such period was established , the value shall be declared as of the date of the organization of the corporation . If a corporation is organized after June 30 , 1934 , a similar rule to that stated in the last preceding ...
Common terms and phrases
26 Mutual activities adjusted declared value amount assessment benevolent life insurance Business leagues business_ capital employed capital stock tax centum collected corporation__ Corporations organized CORPORATIONS SECTION 701 December 31 declaration of value defined__ distraint domestic corporation ending June 30 engaged entitled to exemption excise tax exemption under section failure to file false or fraudulent Federal income tax file a return foreign corporation gift taxes imposed by section includes income tax purposes Industrial Recovery Act insurance company Internal Revenue inures last income-tax taxable lease limited partnerships Mutual savings banks National Industrial Recovery net income nonmembers operated exclusively organized and operated original declared value paid payment person preferred stock prescribed private shareholder profit real estate refund regulations return or list REVENUE ACT Revised Statutes section 215 stock tax return supplies and equipment tax is imposed taxable year ending term Territories of Alaska thereof tion United willfully
Popular passages
Page 25 - ... not to engage in a regular business of a kind ordinarily carried on for profit. 1t is an organization of the same general class as a chamber of commerce or board of trade. Thus, its activities should be directed to the improvement of business conditions of one or more lines of business as distinguished from the performance of particular services for individual persons.
Page 42 - The amount so added to any tax shall be collected at the same time and in the same manner and as a 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 40 - person" as used in this section includes an officer or employee of a corporation or a member or employee of a partnership, who as such officer, employee, or member is under a duty to perform the act in respect of which the violation occurs.
Page 37 - ... shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than one year, or both, together with the costs of prosecution.
Page 39 - America is a stockholder ; or whoever shall enter into any agreement, combination, or conspiracy to defraud the Government of the United States, or any department or officer thereof, or any corporation in which the United States of America is a stockholder...
Page 38 - IX, or willfully attempts in any manner to evade or defeat any such tax or the payment thereof, shall, in addition to other penalties provided by law, be liable to a penalty of the amount of the tax evaded, or not paid, collected or accounted for and paid over, to be assessed and collected in the same manner as taxes are assessed and collected.
Page 35 - The Secretary and any officer or employee of the Treasury Department, upon request from the Committee on Ways and Means of the House of Representatives, the Committee on Finance of the Senate, or a select committee of the Senate or House...
Page 41 - Every person liable to any tax imposed by this Act, or for the collection thereof, shall keep such records, render under oath such statements, make such returns, and comply with such rules and regulations, as the Commissioner, with the approval of the Secretary, may from time to time prescribe.
Page 37 - ... any person who willfully attempts in any manner to evade or defeat any tax imposed by this chapter or the payment thereof, shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than five years, or both, together with the costs of prosecution.
Page 20 - ... a reserve required by state law or a reasonable reserve for any necessary purpose.