Treasury Decisions Under Internal Revenue Laws of the United States, Volume 30U.S. Government Printing Office, 1929 |
Common terms and phrases
40 Stat A. W. MELLON Acting Commissioner Alien Property Custodian allowed amended amount Approved assessment bonds cash cent centum Circuit Court claim for refund collected Collectors of Internal Commissioner of Internal computed Concerned Congress corporation Court of Appeals Court of Claims D. C. To Collectors D. H. BLAIR decedent deduction defendant in error District Court dividend earnings estate tax excess-profits tax executor exempt fact February 28 filed following decision gross income H. F. MIRES income tax Income tax-Revenue act information of internal-revenue interest Internal Revenue internal-revenue officers invested capital judgment June June 16 liability net income OFFICE OF COMMISSIONER OGDEN L paid payment person petition plaintiff in error prior purpose question received Regulations residuary estate revenue act statute stockholders subdivision suit Supreme Court tax imposed taxable period taxation taxpayer thereof tion TREASURY DEPARTMENT trust Washington
Popular passages
Page 24 - ... (c) To the extent of any interest therein of which the decedent has at any time made a transfer, or with respect to which he has at any time created a trust, in contemplation of or intended to take effect in possession or enjoyment at or after his death (whether such transfer or trust is made or created before or after the passage of this act), except in case of a bona fide sale for a fair consideration in money or money's worth.
Page 24 - Any transfer of a material part of his property in the nature of a final disposition or distribution thereof, made by the decedent within two years prior to his death without such a consideration, shall, unless shown to the contrary, be deemed to have been made in contemplation of death within the meaning of this title...
Page 39 - A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence.
Page 77 - In a strict and legal seN.se that is properly the domicil of a person where he has his true, fixed, permanent home and principal establishment, and to which, whenever he is absent, he has the intention of returning (animus rercrtcndi) .u [Italics supplied.] Mr.
Page 147 - Commissioner or notice from the collector, be due and payable to the collector before the expiration of the period for filing the return. If the tax is not paid when due, there shall be added as part of the tax interest at the rate of 1 per centum a month from the time when the tax became due until paid.
Page 97 - If any part of the money is not so expended, the gain, if any, shall be recognized, but in an amount not in excess of the money which is not so expended.
Page 187 - Interest upon (a) the obligations of a State, Territory, .or any political subdivision thereof, or the District of Columbia...
Page 171 - fiscal year" means an accounting period of twelve months ending on the last day of any month other than December. The term "taxable year...
Page 35 - 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...
Page 143 - ... (1) Automobile trucks and automobile wagons, (including tires, inner tubes, parts, and accessories therefor, sold on or in connection therewith or with the sale thereof...