 | 1940 - 1806 pages
...deficit in accumulated earnings and profits would be $80,000 as of the close of the year.*t § 9.27 (a)-3 ts to the members of such association or their dependents, If (A) n — (a) Indebtedness. The term "Indebtedness" means an obligation of the corporation, absolute and... | |
 | 1941 - 1688 pages
...dividend carry-over see section 27 (c) . (c) The deficit credit provided by section 27 (a) (3). (d) Amounts used or irrevocably set aside to pay or to retire indebtedness as provided in section 27 (a) (4) .*t § 19.27 (a) -2 Deficit credit. Included In the dividends paid... | |
 | 1940 - 1408 pages
...(in effect from 1919 through 1932) insofar as the surtax was concerned. A credit was also allowed for "amounts used or irrevocably set aside to pay or to retire indebtedness (existing on December 31, 1937) of any kind, if such amounts are reasonable with respect to the size... | |
 | United States - 1965 - 1110 pages
...(7) Payment of indebtedness incurred prior to January 1, 1934. There shall be allowed as a deduction amounts used or irrevocably set aside to pay or to retire indebtedness of any kind incurred before January 1, 1934, if such amounts are reasonable with reference to the size and terms of such... | |
 | United States. Board of Tax Appeals - 1941 - 1356 pages
...Act of 1938 there would be no doubt about the allowance of credit, since therein credit is given for "Amounts used or irrevocably set aside to pay or to retire indebtedness of any kind, if such amounts are reasonable with respect to the size and terms of such indebtedness", and that the... | |
 | United States. U.S. Congress. Senate. Committee on finance - 1941 - 1614 pages
...operating losses), for such preceding taxable year (if beginning after December 31, 1937) ; and "(4) Amounts used or irrevocably set aside to pay or to retire indebtedness of any kind, if such amounts are reasonable with respect to the size and terms of such indebtedness. As used in... | |
 | United States. Congress. Senate. Committee on Finance - 1941 - 1622 pages
...operating losses), for such preceding taxable year (if beginning after December 31, 1937) ; and "(4) Amounts used or irrevocably set aside to pay or to retire indebtedness of any kind, if such amounts are reasonable with respect to the size and terms of such indebtedness. As used in... | |
 | United States. Congress. House. Temporary National Economic Committee - 1940 - 1290 pages
...(in effect from 1919 through 1932) insofar as the surtax was concerned. A credit was also allowed for "amounts used or irrevocably set aside to pay or to retire indebtedness (existing on December 31, 1937) of any kind, if such amounts are reasonable with respect to the size... | |
 | United States. Congress. Senate. Committee on Finance - 1942 - 1328 pages
...subchapter A, section 504 (b) of the Internal Revenue Code provides for a deduction from net income of — •"amounts used or irrevocably set aside to pay or...reference to the size and terms of such indebtedness." All corporations whether solvent or insolvent are given relief by this section from debts of long standing.... | |
 | United States. U.S. Congress. Senate. Committee on finance - 1942 - 1386 pages
...subchapter A, section 504 (b) of the Internal Revenue Code provides for a deduction from net income of — "amounts used or irrevocably set aside to pay or to...reference to the size and terms of such indebtedness." All corporations whether solvent or insolvent are given relief by this section from debts of long standing.... | |
| |
January 1, 1934, if such amounts are reasonable with reference to the size and terms of such indebtedness. 
