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Reports of the U.S. Board of Tax Appeals, Հատոր 24
United States. Board of Tax Appeals
Ամբողջությամբ դիտվող - 1932
Reports of the U.S. Board of Tax Appeals, Հատոր 39
United States. Board of Tax Appeals
Ամբողջությամբ դիտվող - 1939
accordance acquired actual additional agreed agreement allowed amount appeal approved assessed assets bank basis Board bonds building capital stock cash cent charged Charles claimed coal Commissioner computed consideration contract corporation cost court death decedent December Decided DECISION deduction deficiency depreciation determination directors dividends Docket earnings ended entitled evidence executors expenses February filed Final FINDINGS OF FACT follows further gross held included income increased interest invested capital issued January July June land lease liability loss manufacture March notes November operated opinion organized paid partnership party payment period preferred principal prior profits profits taxes purchase question reason received represented respect Revenue Act salary shares shares of stock Smith sold stockholders Submitted taxable taxpayer thereof tion transfer trust United York
Էջ 270 - In cases where receivers, trustees in bankruptcy, or assignees are operating the property or business of corporations, such receivers, trustees, or assignees shall make returns for such corporations in the same manner and form as corporations are required to make returns.
Էջ 179 - Any distribution made to the shareholders or members of a corporation, joint-stock company, or association, or insurance company, in the year nineteen hundred and seventeen, or subsequent tax years, shall be deemed to have been made from the most recently accumulated undivided profits or surplus, and shall constitute a part of the annual income of the distributee for the year in which received...
Էջ 420 - Sec 234. (a) That in computing the net income of a corporation subject to the tax imposed by section 230 there shall be allowed as deductions: • (1) All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business...
Էջ 1003 - To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has...
Էջ 859 - Income accumulated in trust for the benefit of unborn or unascertained persons or persons with contingent interests, and income accumulated or held for future distribution under the terms of the will or trust...
Էջ 112 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Էջ 1003 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death within the meaning of this title...
Էջ 99 - All taxes imposed by this article shall be due and payable at the time of the transfer; provided, however, that taxes upon the transfer of any estate, property or interest therein limited, conditioned, dependent or determinable upon the happening of any contingency or future event by reason of which the fair market value thereof...
Էջ 186 - Every such tax shall be and remain a lien upon the property transferred until paid and the person to whom the property is so transferred, antl the executors, administrators and trustees of every estate so transferred shall be personally liable for such tax until its payment.
Էջ 378 - 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...