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, 1921 |
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35. lappuse
... documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States ; 66 ( 9 ) Amounts received as compensation , family allotments ...
... documented under the laws of a foreign country which grants an equivalent exemption to citizens of the United States and to corporations organized in the United States ; 66 ( 9 ) Amounts received as compensation , family allotments ...
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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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according accounting accrued accumulated acquired addition agent alien allowed amount of tax applied average Balance basis beginning benefit Bonds calendar cent centum citizens claim classes collected Commissioner companies compensation computed connection contract corporation cost December deduction derived determined difference dividend domestic effect ending entire estate or trust exceed excess profits tax exemption filed fiscal foreign corporation gain Government gross income held included income tax individual interest invested capital issued less Liberty Bonds Loan loss March means months net income Normal Tax operated otherwise paragraph partnerships payment period portion possession principal prior purchase rates reasonable received resident return of income Revenue Act Second securities shareholder shares specific subdivision surplus surtax Table taken tax imposed tax paid taxable taxation taxpayer term thereof tion Total Tax trade or business United war-profits withholding
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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.