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" All interest paid or accrued within the taxable year on indebtedness, except on indebtedness incurred or continued to purchase or carry obligations (other than obligations of the United States issued after September 24, 1917, and originally subscribed... "
Statistics of Income from Returns of Net Income - Page 259
by United States. Internal Revenue Service - 1951
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Reports of the U.S. Board of Tax Appeals, Volume 1

United States. Board of Tax Appeals - 1926 - 1508 pages
...there shall be allowed as deductions — All Interest paid or accrued within the taxable year on its indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the Unitd States issued after September 24, 1917), the interest...
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Reports of the U.S. Board of Tax Appeals, Volume 3

United States. Board of Tax Appeals - 1927 - 1530 pages
...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), the interest upon which is wholly exempt from taxation under this title ns income to the tnxpuyer,...
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Report of the Joint Committee on Internal Revenue Taxation, Volumes 1-3

United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...in which he has no equity. (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...
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Federal Income Taxes, 1927

Eric Louis Kohler - 1927 - 618 pages
...title, or in which it has no equity; (2) All interest paid or accrued within the taxable year on its 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...
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Comparison of the Revenue Acts of 1926 and 1928: With Index

United States - 1928 - 268 pages
...corporations and Individuals. (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...
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The Tax Code of Virginia: With All Amendments Enacted at the ..., Volume 289

Virginia - 1928 - 328 pages
...rendered in producing the taxable income. (b) All interest paid within the taxable year on existing indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities, the interest from which is not or would not be taxable under this chapter. (c) Sums...
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United States Code Annotated

United States - 1928 - 1164 pages
...paid or accrued within taxable year. (2) All interest paid or accrued within the taxable year on its 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...
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Income Tax Procedure

Robert Hiester Montgomery - 1923 - 1760 pages
...indebtedness, except on indebtedness incurred or continued to purchase or carry obligations or securities (other than obligations of the United States issued...interest upon which is wholly exempt from taxation under this title; .... REGULATION. Interest paid or accrued within the year on indebtedness may be...
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Statistics of Income, Part 2

United States. Internal Revenue Service - 1951 - 530 pages
...intcreet paid or accrued on business indebtedness. Do not include in item 21 interest on indebtedлет incurred or continued to purchase or carry obligations {other than obligations of the United Stales issued after September 24, 1917, and originally subscribed for by the taxpayer) the interest...
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Income Tax Procedure ...

Robert Hiester Montgomery - 1927 - 1510 pages
...there shall be allowed as deductions: .... (2) 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...
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