Reports of the U.S. Board of Tax Appeals, Volume 4U.S. Government Printing Office, 1927 - Taxation |
From inside the book
Results 1-5 of 100
Page 17
... computed on the basis of separate returns . Thereafter , and during the month of May , 1921 , the persous hereinabove named sought to take advantage of the privilege ap- parently held out to them by said Attorney General's opinion , and ...
... computed on the basis of separate returns . Thereafter , and during the month of May , 1921 , the persous hereinabove named sought to take advantage of the privilege ap- parently held out to them by said Attorney General's opinion , and ...
Page 33
... computed the deficiency here in controversy . OPINION . LITTLETON : It is the opinion of the Board that the evidence sub- mitted fully supports the taxpayer's claim that during the year 1918 50144 ° -27-6 it was affiliated with The ...
... computed the deficiency here in controversy . OPINION . LITTLETON : It is the opinion of the Board that the evidence sub- mitted fully supports the taxpayer's claim that during the year 1918 50144 ° -27-6 it was affiliated with The ...
Page 56
... computed . The good will in the partnership of D. E. Dunne & Co. cost Crummer nothing , but was a gift from his uncle , and we are unable to determine the March 1 , 1913 , value in question from the meager facts in evidence . We can not ...
... computed . The good will in the partnership of D. E. Dunne & Co. cost Crummer nothing , but was a gift from his uncle , and we are unable to determine the March 1 , 1913 , value in question from the meager facts in evidence . We can not ...
Page 60
... computed by the Commissioner was included by him in petitioner's 1921 income , " for the reason it was not completed in 1920 or was the taxpayer able to compute the profit on the job if any in that year . " OPINION . STERNHAGEN : The ...
... computed by the Commissioner was included by him in petitioner's 1921 income , " for the reason it was not completed in 1920 or was the taxpayer able to compute the profit on the job if any in that year . " OPINION . STERNHAGEN : The ...
Page 82
... computed with due regard to what they actually receive under the trust as income and that the remainder interests must be given due consideration in the computa- tion of such distributive shares . The question calls for the construction ...
... computed with due regard to what they actually receive under the trust as income and that the remainder interests must be given due consideration in the computa- tion of such distributive shares . The question calls for the construction ...
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Common terms and phrases
acquired agreement allowed amortization amount appeal April April 30 assets basis Board Bowman Hotel building calendar capital stock cash cent charged claim Coal Commissioner computed consolidated contract cost court December 31 Decided July deduction from gross deficiency in income depreciation determined disallowed dividends Docket entered on 15 entitled evidence expenses filed FINDINGS OF FACT fiscal year ended Fleet Corporation follows gross income held included income and profits income tax income-tax return interest inventory invested capital issued January July 31 lease liability LITTLETON loss March net income operation opinion Order of redetermination paid par value parties partnership payment period petitioner petitioner's preferred stock prior profits taxes purchase question Railroad received reinsurance Remington Typewriter Company Revenue Act Rule 50 salary September 15 Shandaken Tunnel shares of stock sold Standifer Corporation statute stockholders taxable taxpayer thereof tion Trust Company United wife
Popular passages
Page 153 - taxable year" means the calendar year, or the fiscal year ending during such calendar year, upon the basis of which the net income is computed under section 212 or 232. The term "fiscal year" means an accounting period of twelve months ending on the last day of any month other than December. The term "taxable year...
Page 161 - Income may be defined as the gain derived from capital, from labor, or from both combined,' provided it be understood to include profit gained through a sale or conversion of capital assets.
Page 318 - 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 499 - SEC. 2. (a) That, subject only to such exemptions and deductions as are hereinafter allowed, the net income of a taxable person shall include gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid...
Page 645 - A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law. it possesses only those properties which the charter of its creation confers upon it, either expressly, or as incidental to its very existence.
Page 645 - It is very true that a corporation can have no legal existence out of the boundaries of the sovereignty by which it is created. It exists only in contemplation of law, and by force of the law ; and where that law ceases to operate, and is no longer obligatory, the corporation can have no existVOL.
Page 112 - Before we conclude, it may be proper to observe,that whenever a greater estate and a less coincide and meet in one and the same person, without any intermediate estate, the less is immediately annihilated, or, in the law phrase, is said to be merged, that is, sunk or drowned in the greater.
Page 74 - paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued
Page 662 - The husband has the management and control of the community personal property, with like absolute power of disposition, other than testamentary, as he has of his separate estate...
Page 499 - ... and income derived from salaries, wages or compensation for personal service, 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.