Digest of the Federal Revenue Act of 1921: For Income and Excess Profits Taxes for 1921, 1922 and Subsequent Years, with Tables for Calculation of Tax and for Comparison of Taxes; Act Passed November 23, 1921. Effective for Income Tax January 1, 1921National City Company, 1921 - 99 lappuses |
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1.–5. rezultāts no 11.
18. lappuse
... purchased for $ 100 prior to March 1 , 1913 , and sold after that date : Cost Value March 1 , 1913 Sale Price Gain Loss ( a ) $ 100 $ 101 $ 105 $ 4 .... ( b ) 100 95 90 $ 5 ( c ) 100 95 98 None None ( d ) 100 98 101 $ 1 In the third ...
... purchased for $ 100 prior to March 1 , 1913 , and sold after that date : Cost Value March 1 , 1913 Sale Price Gain Loss ( a ) $ 100 $ 101 $ 105 $ 4 .... ( b ) 100 95 90 $ 5 ( c ) 100 95 98 None None ( d ) 100 98 101 $ 1 In the third ...
22. lappuse
... purchased ) $ 100,000 at 5 % , 3 months Interest on loans to buy municipals , $ 50,000 at 6 % , 2 months Deduct . $ 1,250 $ 14,250 . $ 100,000 500 1,750 Add excess of cash received over interest paid .. $ 12,500 ( 3 ) Amount of loss ...
... purchased ) $ 100,000 at 5 % , 3 months Interest on loans to buy municipals , $ 50,000 at 6 % , 2 months Deduct . $ 1,250 $ 14,250 . $ 100,000 500 1,750 Add excess of cash received over interest paid .. $ 12,500 ( 3 ) Amount of loss ...
37. lappuse
... purchase or carry obliga- tions 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 taxa- tion ...
... purchase or carry obliga- tions 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 taxa- tion ...
39. lappuse
... purchase within 30 days after sale of either the same certificates sold or other certificates of the same debtor and same issue . A repurchase of the identical certificates would be " identical property . " Purchase of other certifi ...
... purchase within 30 days after sale of either the same certificates sold or other certificates of the same debtor and same issue . A repurchase of the identical certificates would be " identical property . " Purchase of other certifi ...
40. lappuse
... purchase of " similar " property , however , does not come within the inhibition of the statute . It might be possible where there was a holding of stock or securities which were sold , say , Decem- ber 15th , that a purchase on ...
... purchase of " similar " property , however , does not come within the inhibition of the statute . It might be possible where there was a holding of stock or securities which were sold , say , Decem- ber 15th , that a purchase on ...
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Digest of the Federal Revenue Act of 1921: For Income and Excess Profits ... National City Company Priekšskatījums nav pieejams - 2016 |
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4th Loan amount of tax benefit calendar cash cent centum claim Commissioner corporation income cost December 31 deductions allowed determining gain District of Columbia domestic corporation domestic partnerships estate or trust excess profits tax February 28 filed flat tax foreign corporation gain or loss gross income included income in excess Income Tax Law insurance companies interest paid Internal Revenue inventory June 15 LIBERTY BOND EXEMPTIONS non-resident alien nonresident alien individual Normal and Surtax normal tax November 23 paragraph partnerships payment personal exemption personal service corporation prior property acquired purchase purpose Rate Tax reasonable allowance refunded resident aliens return of income Revenue Act section 262 shareholder or member specific credit stockholders subdivision subject to income substantially identical property surplus Table tax computed tax imposed tax paid Tax Total taxable income taxation of income taxpayer term thereafter thereof tion Total Tax trade or business value March war-profits and excess-profits withholding agent
Populāri fragmenti
38. lappuse - Losses sustained during the taxable year and not compensated for by insurance or otherwise, if incurred in any transaction entered into for profit, though not connected with the trade or business...
47. lappuse - States as is allowed as a credit against the tax under section 131 ; and (3) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
51. lappuse - In the case of insurance companies (other than life insurance companies), in addition to the above (unless otherwise allowed): (A) The net addition required by law to be made within the taxable year to reserve funds (including in the case of assessment insurance companies the actual deposit of sums with State or Territorial officers pursuant to law as additions to guarantee or reserve funds); and (B) the sums other than dividends paid within the taxable year on policy and annuity contracts.
34. lappuse - The value of property acquired by gift, bequest, devise, or descent (but the income from such property shall be included in gross income) ; (4) Interest upon (a) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia; or (b) securities issued under the provisions of the Federal Farm Loan Act of July 17, 1916; or (c) the obligations of the United States...
45. lappuse - In the case of a nonresident alien individual, the deductions allowed in subdivision (a), except those allowed in paragraphs (5), (6), and (10), shall be allowed only if and to the extent that they are connected with income from sources within the United States...
54. lappuse - Fraternal beneficiary societies, orders, or associations : (a) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
41. lappuse - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
52. lappuse - Secretary, expended in the acquisition of other property similar or related in service or use to the property so converted, or in the acquisition of control of a corporation owning such other property, or in the establishment of a replacement fund, no gain or loss shall be recognized. If any part of the money is not so expended...
53. lappuse - Premiums paid on any life insurance policy covering the life of any officer or employee, or of any person financially interested in any trade or business carried on by the taxpayer, when the taxpayer is directly or indirectly a beneficiary under such policy...
43. lappuse - The United States, any state, territory, or any political subdivision thereof, or the District of Columbia, for exclusively public purposes.