Comptroller's Regulations Relating to the Income Tax Issued Pursuant to Chapter 627 of the Laws of 1919 Imposing Taxes Upon and with Respect to Personal Incomes |
From inside the book
Results 1-5 of 71
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... Basis For Determining Gain or Loss 91 Basis for determining gain or loss from sale , gift or other disposition ... 92 Fair market value January 1 , 1919 ... 26 26 93 Sale of property acquired by gift or bequest . 26 94 Exchange of ...
... Basis For Determining Gain or Loss 91 Basis for determining gain or loss from sale , gift or other disposition ... 92 Fair market value January 1 , 1919 ... 26 26 93 Sale of property acquired by gift or bequest . 26 94 Exchange of ...
Page v
... basis of apportionment .. Allowance of deductions and credit 481 Allowance of deductions to a nonresident ... 482 Allowance of credit for taxes ..... 483 Conditions of allowance of credit .. 484 Redetermination of tax when credit proves ...
... basis of apportionment .. Allowance of deductions and credit 481 Allowance of deductions to a nonresident ... 482 Allowance of credit for taxes ..... 483 Conditions of allowance of credit .. 484 Redetermination of tax when credit proves ...
Page 1
... basis of returns rendered by the taxpayers liable thereto , except that in some instances it is to be paid at the source of the income . ( Tax Law , sections 366 , 367 , 368 , 369 , 370 and 371. ) ART . 2. Tax rate . For the calendar ...
... basis of returns rendered by the taxpayers liable thereto , except that in some instances it is to be paid at the source of the income . ( Tax Law , sections 366 , 367 , 368 , 369 , 370 and 371. ) ART . 2. Tax rate . For the calendar ...
Page 3
... basis for purposes of taxation secure the consent of the Comp- troller . Application for permission to change the basis of the return shall be made at least 30 days in advance of the date of filing return and shall be accompanied by a ...
... basis for purposes of taxation secure the consent of the Comp- troller . Application for permission to change the basis of the return shall be made at least 30 days in advance of the date of filing return and shall be accompanied by a ...
Page 4
... basis of the return for Federal tax purposes . The requirement of notice to the Comptroller will be modified in such ... basis on which his books are kept ; so that in making his State return , as in making his Federal return , he must ...
... basis of the return for Federal tax purposes . The requirement of notice to the Comptroller will be modified in such ... basis on which his books are kept ; so that in making his State return , as in making his Federal return , he must ...
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Common terms and phrases
accounting period acquired prior thereto allowable deductions assessed assets basis beneficiary bonds business carried calendar capital cash centum claim compensation for personal Comptroller corporation December 31 deductible from gross DEDUCTIONS ALLOWED defined in article depreciation allowance depreciation reserve derived determining distributive share District dividends earnings employees entitled estate or trust estates and trusts excess exchange fair market value farm fiduciary filing returns fiscal Form gain or loss husband or wife included income from sources individual inheritance taxes interest inventory January liable living with husband method of accounting nonresident paid or accrued partnership payable penalties personal exemption personal services profession or occupation profit purchase purpose receipt regulations resident return of income salaries section 359 separate return statute stock or securities stockholder tax imposed Tax Law taxable income taxpayer thereof thousand dollars tion trade or business transaction vidual withholding agent York
Popular passages
Page 115 - Gross income" includes gains, profits, 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...
Page 114 - Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the Income.
Page 114 - 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...
Page 117 - ... 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 67 - Income received by estates of deceased persons during the period of administration...
Page 86 - States); (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 32 - The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life...
Page 111 - 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 60 - For the purpose of this rule a dealer in securities is a merchant of securities, whether an individual, partnership, or corporation, with an established place of business, regularly engaged in the purchase of securities and their resale to customers...
Page 120 - 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...