The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life, but keep it in an ordinarily efficient operating condition... Income Tax Procedure ... - 747. lappuseautors: Robert Hiester Montgomery - 1927Pilnskats - Par šo grāmatu
| 1996 - 178 lapas
...Regulations provide that the cost of incidental repairs which neither materially add to the value of property nor appreciably prolong its life, but keep...ordinarily efficient operating condition, may be deducted currently as a business expense. Section 263(aX1) limits the scope of section 162 by prohibiting a... | |
| United States. Congress. Joint Committee on Taxation - 1997 - 592 lapas
...Regulations provide that the cost of incidental repairs which neither materially add to the value of property nor appreciably prolong its life, but keep...ordinarily efficient operating condition, may be deducted currently as a business expense. Section 263(aXD limits the scope of section 162 by prohibiting a current... | |
| 2005 - 364 lapas
...regulations provide that the cost of incidental repairs that neither materially add to the value of property nor appreciably prolong its life, but keep...ordinarily efficient operating condition, may be deducted currently as a business expense. Section 263(a)(l) limits the scope of section 162 by prohibiting a... | |
| James B. Witkin - 2004 - 1108 lapas
...between deductible and capitalized costs.12 Treasury Regulation Section 1.162-4 provides that the costs of incidental repairs, which neither materially add...it in an ordinarily efficient operating condition, are currently deductible. Repairs in the nature of replacements, to the extent that they arrest deterioration... | |
| United States. Internal Revenue Service - 1947 - 112 lapas
...chargeable against rental income for the year, but is chargeable to capital or a depreciation reserve. Only the cost of incidental repairs which neither materially...the property nor appreciably prolong its life, but serve to keep it in an ordinary efficient operating condition, may be deducted as repair expense in... | |
| David F. Windish - 2007 - 700 lapas
...under Code Sec. 162 or an ordinary and necessary expense under Code Sec. 212. Reg. § 1.162-4 provides: The cost of incidental repairs which neither materially...efficient operating condition, may be deducted as an expense, provided the cost of acquisition or production or the gain or loss basis of the taxpayer's... | |
| Joint Committee on Taxation - 2007 - 856 lapas
...regulations provide that the cost of incidental repairs that neither materially add -to the value of property nor appreciably prolong its life, but keep...ordinarily efficient operating condition, may be deducted currently as a business expense. Section 263(a)(l) limits the scope of section 162 by prohibiting a... | |
| 1954 - 1390 lapas
...return is made, provided the net income is clearly reflected by this method. §39.23 (a) -4 Repairs. med to have a permanent establishment In the territory...It carries on business dealings in that territory cost of acquisition or production or the gain or loss basis of the taxpayer's plant, equipment, or... | |
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