 Subject to the limitation of section 904, the following amounts shall be allowed as the credit under subsection (a): (1) CITIZENS AND DOMESTIC CORPORATIONS.— In the case of a citizen of the United States and of a domestic corporation, the amount of...  Reports of the Tax Court of the United States - Page 125by United States. Tax Court - 1986Full view - About this book
 | United States. Court of Claims - 1937 - 710 pages
...credited with : (1) In the case of a citizen of the United States the amount of any income, war-profits, and excess profits taxes paid or accrued during the taxable year to any foreign country * * *. ***** (5) The above credits shall not be allowed in the case of a citizen entitled to the benefits... | |
 | United States. Court of Claims, Audrey Bernhardt - 1952 - 936 pages
...and 1943 plaintiff elected to take the credit granted by Section 131 of the Internal Revenue Code for the amount of any income, war profits and excess profits taxes paid or accrued during said years to any foreign country or to any possession of the United States. 6. On November 29, 1939,... | |
 | Philippines - 1986 - 492 pages
...domestic corporation. — In the case of a citizen of the Philippines and of a domestic corporation, the amount of any income, war profits, and excess...accrued during the taxable year to any foreign country ; (B) Alien resident of the P/r''ippines. — In the case of an alien OFFICIAL GAZETTE resident of... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...credited with: (a) In the case of a citizen of the United States, whether resident or nonresident, the amount of any income, war profits and excess profits...accrued during the taxable year to any foreign country upon income derived from sources therein, or to any possession of the United States; (c) In the case... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...the United States, are taxed in both places, but the income tax in the United States is credited with the amount of any income, war profits and excess profits taxes paid in Porto Rico. See section 222 of the statute and article 381-384. (b) A resident of the United States,... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...corporation the income, war profits and excess profits taxes in the United States are credited with the amount of any income, war profits and excess profits taxes paid in Porto Rico. In the case of the Porto Rico corporation there is no such credit. See section 238 of... | |
 | George Edwin Holmes - 1920 - 1186 pages
...the United States, are taxed in both places, but the income tax in the United States is credited with the amount of any income, war profits and excess profits taxes paid in Porto Rico. A resident of the United States, who is not a citizen of Porto Rico, is taxable in Porto... | |
 | Rex Frye - 1921 - 350 pages
...the total taxes imposed for the taxable year by this title and by Title III shall be credited with the amount of any income, war profits and excess profits taxes paid during the taxable year to any foreign country, upon income derived from sources therein, or to any... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...corporation the income, war profits, and excess profits taxes in the United States are credited with the amount of any income, war profits, and excess profits taxes paid in Porto Rico. In the case of the Porto Rico corporation there is no such credit. See section 238 of... | |
 | United States. Bureau of Internal Revenue - 1921 - 772 pages
...222 (a )1 of the Revenue Act of 1918, an American citizen may credit the amount of Federal tax with the amount of any income, war profits, and excess- profits taxes paid during the taxable year to France, provided such tax paid to France is on income from sources therein.... | |
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