Regulations 64 Relating to the Capital Stock Tax Under Section 105 of the Revenue Act of 1935U.S. Government Printing Office, 1936 - 48 pages |
Common terms and phrases
activities adjusted declared value amount applicable in respect assessment association capital employed capital stock tax centum China Trade Act claim for exemption close collected collector or deputy corporations_ December 31 declaration of value deduction deputy collector distraint domestic corporation ending June 30 excise tax false or fraudulent Federal income tax file a capital file a return filing the return foreign corporation gift taxes imposed by section income tax purposes income tax return insurance company Internal Revenue last income-tax taxable merger nontransitory oath original declared value paid pay any tax paying the tax payment person poration private shareholder provisions of law refund regulations respect to carrying return and paying return or list Revenue Act Revised Statutes Secretary section 105 statutory adjustments stock tax imposed stock tax return tax is imposed taxable year ending term thereof tion transaction of business transitory capital United States dollars willfully
Popular passages
Page 25 - Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations of employees, the membership of which is limited to the employees of a designated person or persons In a particular municipality, and the net earnings of which are devoted exclusively to charitable, educational, or recreational purposes...
Page 25 - ... and equipment to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate of such stock is fixed at not to exceed the legal rate of interest in the State of incorporation or 8 per centum per annum, whichever is greater, on the value of the consideration for which the stock was issued...
Page 32 - ... willfully attempts in any manner to evade or defeat any such tax or the payment thereof, shall, in addition to other penalties provided by law, be liable to a penalty equal to the total amount of the tax evaded, or not collected, or not accounted for and paid over.
Page 32 - ... shall, in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than one year, or both, together with the costs of prosecution.
Page 33 - America is a stockholder ; or whoever shall enter into any agreement, combination, or conspiracy to defraud the Government of the United States, or any department or officer thereof, or any corporation in which the United States of America is a stockholder...
Page 19 - China (determined in a similar manner to that provided in section 119) which the par value of the shares of stock of the corporation owned on the last day of the taxable year by (1) persons resident in China, the United States, or possessions of the United States, and (2) individual citizens of the United States or China...
Page 24 - Fraternal beneficiary society, order, or association, operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system, and providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or association or their dependents; Fourth.
Page 9 - Secretary and any officer or employee of the Treasury Department, upon request from the Committee on Ways and Means of the House of Representatives, the Committee on Finance of the Senate, or a select committee of the Senate or House...
Page 36 - Commissioner, for the purpose of ascertaining the correctness of any return or for the purpose of making a return where none has been made, is hereby authorized, by any revenue agent or inspector designated by him for that purpose, to examine any books, papers, records or memoranda bearing upon the matters required to be included in the return, and may require the attendance of the person...
Page 32 - ... any person who willfully attempts in any manner to evade or defeat any tax imposed by this chapter or the payment thereof, shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, be fined not more than $10,000, or imprisoned for not more than five years, or both, together with the costs of prosecution.