 | Ewell D. Moore - 1917 - 40 pages
...corporation has not taken title or in which it has no equity. 2. All losses actually sustained charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for exhaustion, wear and tear of property, arising out of its use in the business or trade. (See "Depreciation.")... | |
 | Godfrey Nicholas Nelson - 1917 - 218 pages
...not taking title, or in which it has no equity. Second. All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade;... | |
 | Savings Union Bank and Trust Company - 1917 - 88 pages
...title, or in which it has no equity; (b) Losses. Second. All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade;... | |
 | Joseph Jay Scott - 1917 - 386 pages
...taking title, or in which it has no equity. 178 Second. All losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reason able allowance for the exhaustion, wear and tear of property arising out of its use or employment... | |
 | National Tax Association - 1926 - 622 pages
...of the 1916 Revenue Act, permitting a deduction of " all losses actually sustained and charged off within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business," since... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...expenses paid within the year in the maintenance and operation of its business and properties, and (2) all losses actually sustained within the year, and...not compensated by insurance or otherwise, including depreciation arising from depletion of its ore deposits to the limited extent of 5 per cent of the... | |
 | 1926 - 1112 pages
...expenses paid within the year in the maintenance and operation of its business and properties * * *; (second) all losses actually sustained within the...year and not compensated by insurance or otherwise. » » • » • The statutes show that the tax was to be levied upon net income, and that in ascertaining... | |
 | United States. Internal Revenue Service - 1926 - 620 pages
...the improvements may and probably will i Second. All losses actually sustained and charged off witbin the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out o its use or employment in the business • •... | |
 | United States. Supreme Court - 1926 - 688 pages
...for purposes of taxation. There is a specific Opinion of the Court. 269 US provision for deducting ' all losses actually sustained within the year and not compensated by insurance or otherwise.' And this is a sufficient indication that losses in immediate contemplation, but not as yet actually... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...1918, taxing net incomes directly, provided for deductions bv corporations as follows : Act of 1913:" A reasonable allowance for depreciation by use, wear and tear of property, if any. Acts of 1916 and 1917 : A reasonable allowance for the exhaustion, wear and tear of property arising... | |
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... a reasonable allowance for depreciation by use, wear and tear of property, if any... 
