 | United States. Department of the Treasury - 1922 - 1102 pages
...for his decision. No deduction as expenses is allowed by the law in any case in respect of any amount paid out for new buildings, or for permanent improvements...betterments made to increase the value of any property or estate. Richard R. Doerschuck v. United States. — United States District Court (TD 3170). A dividend... | |
 | Roger Foster, Everett Vergnies Abbot - 1895 - 1126 pages
...must not exceed the average paid out for such purposes for the preceding five years. Amounts expended for permanent improvements or betterments, made to increase the value of any property or estate, cannot be deducted. Suling, 1 IRR 140. Repairs must be distinguished from permanent improvements.... | |
 | United States. Internal Revenue Service - 1906 - 310 pages
...deducted not to exceed the average paid out for such expenses during five preceding years. Expenses for permanent improvements or betterments made to increase the value of any property or estate can not be deducted. If a farmer buys stock in 1862 for $500 and sells the same for $1,000 in... | |
 | Robert Hiester Montgomery - 1920 - 1304 pages
...This is the position taken by the Treasury as is shown by the following quotation : REGULATIONS. No deduction from gross income may be made for any amounts...expended in restoring property or in making good "The general sources are, for American practice, Auditing, Theory and Practice (2nd edition), by RH Montgomery,... | |
 | New York (State). Comptroller's Office - 1919 - 24 pages
...no deduction shall be allowed in respect of (a) personal, living or family expenses; (b) any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate; (c) any amount expended in restoring property or in making good the exhaustion thereof, for... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 660 pages
...probably accomplish what I have topresent. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate" is an item not deductible. So far as the bill itself is concerned, one clause practically contradicts... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 664 pages
...probably accomplish what I have to present. But I will add that in section 215, clause (b), " any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate " is an item not deductible. So far as fhe bill itself is concerned, one clause practically... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...(Question 46, 1918 Income Tax Primer.) Items not deductible: permanent improvements. 2. Any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate; (Source: Fed. Rev. Act 1918, I 215 6.) Items not deductible: restoring property. 3. Any amount... | |
 | Ewell D. Moore - 1919 - 44 pages
...the US ITEMS WHICH CANNOT BE DEDUCTED: (Sec. 215). Personal, living or family expenses; Any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate; Any amount expended in restoring property or in making good its exhaustion for which an allowance... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...shall in any case be allowed in respect of : 1. Personal, living, or family expenses; 2. Any amount paid out for new buildings or for permanent improvements...betterments made to increase the value of any property or estate ; 3. Any amount expended in restoring property or in making good the exhaustion thereof for... | |
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Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate; 3. 
