Federal Income Tax Problems --1922

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Dodd, Mead, 1922 - 541 pages

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Illustrating Computation of Net Loss in the Case of
Illustrating Computation of Income and Profits Taxes
Illustrating Computation of Tax Against a Personal
Illustrating the Computation of the Tax of a Corpora
Illustrating Computation of the Surtax in the Case
Illustrating Basis for Filing Returns in Case Account
Illustrating Gross IncomeRefunded Federal Income
Illustrating Gross IncomeIncome of Foreign Govern
Illustrating Gross IncomeWar Pension and Bonus
Illustrating Deductions from Gross IncomeAdvertis
Illustrating Deductibility of SalariesSalaries in Part
Illustrating Deductions AllowedInterest Paid to Pur
Illustrating Deductions Allowed Corporations Taxes
mented Under Laws of Foreign country
Illustrating Deductions AllowedLosses Due to Sales
Securities PROBLEM 109 Illustrating Deductions Allowed IndividualsLoss on
Illustrating Manner in which Deductions from Gross
Illustrating Modification of Method of Computing
Illustrating Depreciation of Intangible Property
Illustrating Redetermination in Case Amortization
Illustrating Deductions from Gross IncomeDepletion
tions PROBLEM 137 Illustrating Deductions from Gross IncomeGroup In
Illustrating Items Not DeductibleFees Paid for Serv
Illustrating Deductions AllowedBetterments by Les
Illustrating Credits Against Net Income for Normal
United States 201 PROBLEM 160 Illustrating Case in which a Citizen of the United States
Whole by the Taxpayer without and sold within
Illustrating Computation of Net Income of Individuals

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Page 432 - gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Page 325 - An Act to reduce tariff duties and to provide revenue for the Government, and for other purposes...
Page 475 - ... (b) Interest. All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest upon which is wholly exempt from taxation under this title.
Page 447 - That the tax imposed by sections 210 and 211 m shall apply to the income of estates or of any kind of property held in trust...
Page 452 - If any tax required under this section to be deducted and withheld Is paid by the recipient of the Income, It shall not be re-collected from the withholding agent; nor In cases In which the tax Is so paid shall any penalty be Imposed upon or collected from the recipient of the Income or the withholding agent for failure to return or pay the same, unless such failure was fraudulent and for the purpose of evading payment.
Page 449 - A trust created by an employer as a part of a stock bonus, pension, or profit-sharing plan for the exclusive benefit of some or all of his employees, to which contributions are made by such employer, or employees, or both, for the purpose of distributing to such employees the earnings and principal of the fund accumulated by the trust in accordance with such plan...
Page 509 - No suit or proceeding shall be maintained in any court for the recovery of any internal- revenue tax alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessive or in any manner wrongfully collected...
Page 477 - To the result so obtained add unearned premiums on outstanding business at the end of the preceding taxable year and deduct unearned premiums on outstanding business at the end of the taxable year; (6) LOSSES INCURRED. "Losses incurred" means losses incurred during the taxable year...
Page 294 - States) ; (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 434 - Whenever any State, Territory, or the District of Columbia, or any political subdivision of a State or Territory, prior to September 8, 1916, entered in good faith into a contract with any person, the object and purpose of which is to acquire, construct, operate, or maintain a public utility...

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