Federal Income Tax Problems --1922 - Emerson Emanuel Rossmoore - Google grāmatas

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Case Capital Net Gain Included in 1922 Net Income-
Application of the Minimum Limitation on Total Tax
Equal to 12% of Net Income
PROBLEM 53. Illustrating the Computation of the Tax of a Corpora-
tion in 1922 Where Capital Net Gain Included in In-

Illustrating Taxability of Capital Net Gain of a Part-

nership, Estate or Trust

Illustrating Computation of Normal Tax

Illustrating Computation of Surtax

Illustrating Computation of the Surtax in the Case of

Profits Derived from the Sale of a Mine in 1922.

Illustrating Limitations of Tax in Sale of Mine in 1922

the Principal Value Thereof Being Demonstrated by

Prospecting or Exploration and Discovery Work Done

by the Taxpayer-Computation Under Provision Re-

lating to Capital Gain Resulting in Tax Lower Than

if Computation is Madė Under Provision Relating to

Illustrating Basis of Computation of Net Income

Illustrating Basis for Filing Returns in Case Account-

ing Period is Changed

Illustrating Gross Income-Profits from Business Com-

pensation for Services, Interest, and Dividends Re-

PROBLEM 62. Illustrating Gross Income-Profit on Sale of Residence

Whole of Which has Been Continuously Occupied by

Illustrating Gross Income-Profit on Sale of Residence

a Part of Which has Been Returning Rent.

Illustrating Gross Income-Pension Received by a Re-

tired Employee of a State.

Illustrating Gross Income-Jury Fees

Illustrating Gross Income-Refunded Federal Income

Illustrating Gross Income-Amount Received as Benefi-

ciary of a Life Insurance Policy

Illustrating Gross Income-Proceeds of Surrendered
Life Insurance Policy.

Illustrating Gross Income-Legacy Received by Tax-
payer with Interest on Same .

PROBLEM 70. Illustrating Gross Income-Income from Municipal

Illustrating Gross Income-Interest Received on Federal

Farm Loan Bonds

Illustrating Gross Income-Interest Received on Liberty

Bonds, Victory Notes, and Bonds of the War Finance

Illustrating Gross Income-Income of Foreign Govern-

Illustrating Gross Income-Health Insurance Received 100

Illustrating Gross Income-Public Utility Income Ac-

cruing to a Political Subdivision . .

Illustrating Gross Income-Income From Ships Docu-

mented Under Laws of Foreign Country .

PAGE

Illustrating Gross Income-War Pension and Bonus . 102

Illustrating Gross Income-Interest Received from Do-

mestic Building and Loan Association.

Illustrating Gross Income-Use of Dwelling House fur-

nished to Minister of Gospel as Part of His Compen-

PROBLEM 80. Illustrating Gross Income-Receipts of Shipowners' Mu-

tual Protection and Indemnity Association

PROBLEM 81. Illustrating Gross Income of Nonresident Alien Individ-

PROBLEM 82. Illustrating Deductions Allowed Individuals-Repairs

to Leased Property

1llustrating Deductions from Gross Income-Newspaper

Advertising Expenses

Illustrating Deductions from Gross Income- -Advertis-

ing Expense-Outfitting Baseball Team

Illustrating Deductions from Gross Income-Dues Paid

to Trade Associations

Illustrating Deductions from Gross Income-Member-

ship Dues in Chamber of Commerce

Illustrating Deduction from Gross Income-Expenses

Incurred in Connection with Automobile Used partly

PROBLEM 89. Illustrating Deduction from Gross Income Payments

to Workmen's Compensation Insurance Fund Required

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Illustrating Deductibility of Bonus to Employees

Illustrating Deductibility of Salaries-Salaries in Part

Payment for Property Not Deductible.

Illustrating Deductibility of Salaries-Salaries in the

Form of Contingent Compensation

Illustrating Deductions Not Allowed Corporation-Sal-

aries Paid in Lieu of Dividends

Illustrating Deductions Allowed-Interest on Indebted-

ness Incurred to Purchase and Carry Securities Other

Than Obligation to the United States Issued After

September 24, 1917

PROBLEM 95. Illustrating Deductions Allowed-Interest Paid to Pur-

chase and Carry Obligations of the United States Is-

sued After September 24, 1917, Where the Interest

Therefrom is Wholly Exempt from Tax .

PROBLEM 96. Illustrating Income to be Reported by and Deductions

from Gross Income Allowed-Assessments for Local

Benefits Paid by Tenant-How Treated by Landlord . 122

Illustrating Deductions Allowed-Taxes As Part of

Illustrating Deductions Allowed Corporations-Taxes

Paid on Shares of Stockholders Without Reimburse-

PROBLEM 99. Illustrating Deductions Allowed Corporations-Taxes

Paid Pursuant to Contract to Pay Normal Tax on its

PROBLEM 100. Illustrating Deductions Allowed Corporations-Taxes

PROBLEM 101. Illustrating Deductions Allowed Individuals-Taxes

PROBLEM 102. Illustrating Deductions Allowed-Taxes-Treatment of

That Portion of Foreign Income, War-Profits and Ex-

cess-Profits Taxes in Excess of the Credit Allowed

under Section 222 (a) (5)

PROBLEM 103. Illustrating Deductions Allowed-Losses-Incurred in

Trade or Business

PROBLEM 104. Illustrating Deductions Allowed-Farm Losses

PROBLEM 105. Illustrating Deductions Allowed-Losses Due to Sales

of Securities After Passage of Revenue Act of 1921,·

and Immediately Re-purchased

PROBLEM 106. Illustrating Deductions Allowed-Losses-Sale of Se-

curities Where Part Re-purchased Within 30 Days

PROBLEM 107. Illustrating Deductions Allowed Individuals-Losses-

Securities Sold After Passage of Revenue Act of 1921

with Intention of Re-purchase After 30 Days After

Sale; Identical Securities Received by Bequest 15 Days

PROBLEM 108. Illustrating Deductions Allowed-Losses-Shrinkage in

PROBLEM 109. Illustrating Deductions Allowed Individuals-Loss on

Sale of Residential Property

PROBLEM 110. Illustrating Deductions Allowed Individuals-Losses-

Apartment Sublet at Reduced Rental

PROBLEM 111. Illustrating Deductions Allowed-Losses Arising from

PROBLEM 112. Illustrating Deductions Allowed Individuals-Losses in

Case of Nonresident Alien-Loss by Fire

PROBLEM 113. Illustrating Deductibility of Loss When Ascertained

PROBLEM 114. Illustrating Losses Due to Shrinkage in Inventory.

PROBLEM 115. Illustrating Deductibility in the Case of Banks or Other

Corporations of Items Written Down in Accordance

with Specific Orders of Federal or Other Authorities. 146

PROBLEM 116. Illustrating Deductions Allowed-Loss by Theft Partly

Covered by Insurance

PROBLEM 117. Illustrating Deductions Allowed-Loss of Useful Value 148

Deductions Allowed-Losses-Voluntary

PROBLEM 118. Illustrating

Removal of Buildings

.

PROBLEM 119. Illustrating Manner in Which Deductions from Gross

Income May Be Taken on Account of Bad Debts .

PROBLEM 120. Illustrating Capital Sum Which Forms Basis for Depre-

ciation Deduction .

PROBLEM 121. Illustrating Modification of Method of Computing De-

PROBLEM 122. Illustrating Increase in Depreciation Resulting from

Unusual Conditions

PROBLEM 123. Illustrating Deductions Allowed Individuals-Deprecia-

tion of Property Used in Professions

PROBLEM 124. Illustrating Deductions Allowed-Depreciation-Basis:

(a) Economic Life instead of Physical Life of Prop-

erty (b) Apportionment Over Units of Production

PROBLEM 125. Illustrating Depreciation of Intangible Property

PROBLEM 126. Illustrating Case in Which Amortization Deduction Is

PROBLEM 127. Illustrating Redetermination in Case Amortization

Claim Has Been Allowed .

PROBLEM 128. Illustrating Case in Which Amortization Is Not Al-

lowed Even Though Property Was Acquired Subse-

quent to April 6, 1917 and for Purposes Contributing

to the Prosecution of the War against the German

PROBLEM 129. Illustrating Basis of Depletion Allowance for Lessor

and Lessee-Bonus or Advanced Royalty

PROBLEM 130. Illustrating Determination of March 1, 1913 Value of

Mining Properties Based on Ore Content and Antic-

PROBLEM 131. Illustrating Basis for Depletion of an Oil Well in Case

of Discovery by Taxpayer after March 1, 1913

PROBLEM 132. Illustrating Deductions from Gross Income-Depletion

Deductible in Case Depletion Based on Cost (or March

1, 1913 Value) Lower Than, and Depletion Based on

Discovery Value Higher Than, Net Income Before De-

ducting Depletion

PROBLEM 133. Illustrating Depletion of Mining Properties Acquired

Prior to March 1, 1913-March 1, 1913 Value Equal

PROBLEM 134. Illustrating Depletion of Mining Properties Acquired

Prior to March 1, 1913-March 1, 1913 Value Greater

PROBLEM 135. Illustrating Computation of Allowance for Depreciation

of Mining Property

PROBLEM 136. Illustrating Deductions Allowed Individuals Contribu

PROBLEM 137. Illustrating Deductions from Gross Income-Group In-

surance of Employees

PROBLEM 138. Illustrating Items Not Deductible-Personal, Living or

PROBLEM 139. Illustrating Items Not Deductible-Damages Paid for

Breech of Promise to Marry

PROBLEM 140. Illustrating Items Not Deductible-Sums Paid under

Terms of Marriage Agreement-Alimony

PROBLEM 141. Illustrating Items Not Deductible-Fees Paid to Attor-

ney in Defence of Prosecution for an Alleged Illegal

PROBLEM 142. Illustrating Items Not Deductible Expenses Incurred

in Taking Post-graduate Course

PROBLEM 143. Illustrating Items Not Deductible-State Examination

PROBLEM 144. Illustrating Items Not Deductible-Amounts Spent for

Permanent Improvements

PROBLEM 145. Illustrating Items Not Deductible-Amounts Expended

in Defending Title to Property

PROBLEM 146. Illustrating Items Not Deductible-Fees Paid for Serv-

ices in Securing Reduction of Assessment for Street

PROBLEM 147. Illustrating Items Not Deductible-Brokerage-Legally

Declared Dividends Voluntarily Returned-Assess-

ment Against Stockholders .

PROBLEM 148. Illustrating Deductions Allowed-Betterments by Les-

PROBLEM 149. Illustrating Items Not Deductible-Amounts Spent in

Restoring Property

PROBLEM 150. Illustrating Items Not Deductible-Materials Used by

Absconding_Contractor Left Unpaid.

PROBLEM 151. Illustrating Items Not Deductible-Premium on Em-

ployee's Life Where Taxpayer Is Beneficiary under the

PROBLEM 152. Illustrating Non-Deductible Item Diminution à Value

PROBLEM 153. Illustrating Credits Against Net Income-Dividends

PROBLEM 154. Illustrating Credits Against Net Income for Normal

Tax-Personal Exemption-Head of Family with Net

Income Less Than $5,000 .

PROBLEM 155. Illustrating Credits against Net Income for Normal Tax

-Personal Exemption-Head of Family with Net In-

come Over $5,000

PROBLEM 156. Illustrating Credits Against Net Income for Normal

Tax-Personal Exemption-Credit for Dependent

Other Than Relative

PROBLEM 157. Illustrating Credits against Net Income for Normal Tax

-Personal Exemption-Nonresident Alien

PROBLEM 158. Illustrating Credits against Net Income for Normal Tax

-Personal Exemption-Status on Last Day of Tax-

PROBLEM 159. Illustrating Taxability of Interest Received by Nonresi-

dent Alien Individual not Engaged in Business in the

PROBLEM 160. Illustrating Case in Which a Citizen of the United States

Is Not Subject to Tax on Income within the United

PROBLEM 161. Illustrating the Taxability of Dividends Received by a

Nonresident Alien Individual

PROBLEM 162. Illustrating the Deductibility of Losses and Expenses

from Gains Derived within the United States with

Respect to Returns of Nonresident Aliens .

PROBLEM 163. Illustrating, in the Case of a Nonresident Alien Individ-

ual, the Deduction of Expenses Which Cannot Be

Definitely Allocated to Some Item or Class of Gross

PROBLEM 164. Illustrating Taxability of Income by Nonresident Alien

Derived from the Sale of Personal Property Produced

in Part within the United States and Completed and

Sold without the United States

PROBLEM 165. Illustrating Taxability of Income by Nonresident Alien

Derived from Sale of Personal Property Produced in

Whole by the Taxpayer without and Sold within the

PROBLEM 166. Illustrating the Taxability of Income of a Nonresident

Alien Through Purchase of Personal Property in a

Foreign Country and Sale in the United States

PROBLEM 167. Illustrating Tax Liability of Individuals Doing Partner-

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