Reports of the U.S. Board of Tax Appeals, 11. sējumsU.S. Government Printing Office, 1929 |
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accounts receivable acquired agreement alleged allowed amount April 15 assessment assets assignment basis Board calendar capital stock cash cent charged claimed Cohan COMMISSIONER OF INTERNAL computed consolidated contract corporation cost court decedent December 31 deficiency in income depreciation determined disallowed dividend Docket evidence expenses fair market value February 28 filed FINDINGS OF FACT fiscal year ended follows Gimbel gross income held included income and profits income-tax return interest INTERNAL REVENUE inventory invested capital issue January Judgment June June 30 lease loss Louis Cohen Manufacturing March Marjorie Fleming net income operation opinion paid par value partnership party patent payment period peti petitioner petitioner's plant preferred stock prior proceeding profits taxes Promulgated April purchased question redetermination respect Revenue Act Romayor Rule 50 salaries shares of stock sold statute stockholders taxpayer thereof tion tioner transfer Trust Company United
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455. lappuse - 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...
482. lappuse - 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, including a reasonable allowance for salaries or other compensation for personal services actually rendered...
729. lappuse - ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...
729. lappuse - A. reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence...
455. lappuse - 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.
200. lappuse - ... (a) There shall be allowed as a deduction (in lieu of the deduction for charitable, etc., contributions authorized by section 23 (o) ) any part of the gross income, without limitation, which pursuant to the terms of the will or deed creating the trust...
94. lappuse - 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...
476. lappuse - That 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.
373. lappuse - ... no laborer or mechanic doing any part of the work contemplated by the contract, in the employ of the contractor or any sub-contractor contractIng for any part of said work contemplated, shall be required or permitted to work more than eight hours in any one calendar day...
435. lappuse - When a transfer of real property is made to one person, and the consideration therefor is paid by or for another, a trust is presumed to result in favor of the person by or for whom such payment is made.