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TAX PROBLEMS--1922

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BY
E. E. ROSSMOORE

B.s., C.P.A. (N.Y,)

Author of
"FEDERAL CORPORATE INCOME TAXES"

FORMERLY:
CHIEF, SPECIAL AUDIT SECTION
CHIEF, CONSOLIDATED RETURNS SECTION

LECTURER ON INCOME AND PROFITS TAXES
BUREAU OF INTERNAL REVENUE, WASHINGTON, D.C.

NEW YORK
DODD, MEAD AND COMPANY

HJ4652
R6

COPYRIGHT, 1922
By E. E. ROSSMOORE

NEW YORK

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PRINTED IN U. 8. A.

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Unless otherwise indicated, in all cases in which references are made herein to the Revenue Act, the Revenue Act of 1921 is the Act referred to. Where sections or parts of the Act are quoted without qualification, the quotations are made from the Revenue Act of 1921. In the "facts" stated in connection with the problems the use of the term “corporation” or “company” implies a domestic corporation, and where individuals are referred to, resident citizens deriving their income from sources within the United States are implied. Where other conditions apply, such conditions are stated. Unless otherwise stated it is also to be inferred that the taxpayer is reporting on the calendar-year basis, and for a full twelve-months period.

The bulletins referred to are the Internal Revenue Bulletins, issued weekly, and obtainable from the Government Printing Office, Washington, D. C. Regulations 45 Revised are the regulations relating to the income tax and war-profits and excess-profits tax under the Revenue Act of 1918. Regulations 62 relate to similar taxes under the Revenue Act of 1921.

The following abbreviations are used:
A. R. M.... Committee on Appeals and Review Memorandum.
A. R. R.... Committee on Appeals and Review Recommendation.

.Internal Revenue Bulletin.
C. B.

.. Cumulative Bulletin. L. 0. (or 0.)....

Solicitor's Law Opinion. 0. (or L. 0.)...

. Solicitor's Law Opinion. 0. D....

.Office Decision. Reg..

.. Regulations. Rev..

... Revised. S......

Solicitor's Memorandum. Sol. Op......

... Solicitor's Opinion. T. B. M....

Advisory Tax Board Memorandum. T. B. R....

Advisory Tax Board Recommendation. T. D...

. Treasury Decision.

Bul.....

539178

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