 Option with respect to intangible drilling and development costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil...  Reports of the U.S. Board of Tax Appeals - Page 447by United States. Board of Tax Appeals - 1937Full view - About this book
 | United States. Bureau of Internal Revenue - 1933 - 452 pages
...costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | United States. Bureau of Internal Revenue, United States. Internal Revenue Service - 1935 - 502 pages
...wells; and (C) in the construction of such derricks, tanks, pipe lines, and other physical structures as are necessary for the drilling of wells and the...preparation of wells for the production of oil or gas. 78 In general, this option applies only to expenditures for those drilling and developing items which... | |
 | United States. Internal Revenue Service - 1936 - 604 pages
...costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | 1939 - 1030 pages
...costs in general : All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and. the preparation of wells for the production of oil or gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | 1941 - 1688 pages
...costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | 1940 - 1806 pages
...costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | United States. Internal Revenue Service - 1935 - 490 pages
...costs in general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged to capital... | |
 | United States. Congress. Senate. Committee on Finance - 1942 - 1092 pages
...costs In general: All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil and gas, may, at the option of the taxpayer, be deducted from gross Income as an expense or charged... | |
 | United States U.S. Congress. Senate. Committee on finance - 1942 - 1090 pages
...costs In genera] : All expenditures for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil and gas, may, at the option of the taxpayer, be deducted from gross income as an expense or charged... | |
 | 1971 - 324 pages
...wells, and (3) In the construction of such derricks, tanks, pipelines, and other physical structures as are necessary for the drilling of wells and the...items which in themselves do not have a salvage value. Рог the purpose of this option, labor, fuel, repairs, hauling, supplies, etc., are not considered... | |
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