Search Images Maps Play YouTube News Gmail Drive More »
Sign in
Books Books
" 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,... "
Comparison of the Revenue Acts of 1934 and 1936 - Page 22
by United States, United States. Congress. House. Committee on Ways and Means - 1936 - 290 pages
Full view - About this book

Statistics of Income, Supplemental Report: Foreign tax credit claimed on ...

1961
...— Enter interest paid or accrued on business indebtedness. Do not include interest on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest on which is wholly exempt from income tax. (Section 265.) See section 267 for limitation on deductions...
Full view - About this book

Legislative History of the Internal Revenue Code of 1954 ..., Volumes 8-11

Floyd Morse Hubbard, United States. Congress. Joint Committee on Internal Revenue Taxation - 1967 - 1374 pages
...wholly exempt from the taxes imposed by this subtitle. "(2) INTEREST. — Interest on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest on which is wholly exempt from the taxes imposed by this subtitle." SEC. 269. ACQUISITIONS MADE TO...
Full view - About this book

Reports of the Tax Court of the United States, Volume 29

United States. Tax Court - 1958
...including a reasonable allowance for obsolescence ; (E) Interest Paid or Accrued. — All interest pnid or accrued within the taxable year on indebtedness,...taxpayer) the interest upon which is wholly exempt from taxation uuder this chapter. (F) Capital Losses. — Capital losses to the extent provided in section...
Full view - About this book

Reports of the Tax Court of the United States, Volume 29

United States. Tax Court - 1958
...allowance for obsolescence; (E) Interest Paid or Accrued.—All interest paid or accrued within tbe taxable year on indebtedness, except on indebtedness...taxpayer) the interest upon which is wholly exempt from taxation under this chapter. (F) Capital Losses.—Capital losses to the extent provided in section...
Full view - About this book

Reports of the Tax Court of the United States, Volume 13

United States. Tax Court - 1950
...states : DEDUCTIONS FROM GROSS INCOME. In computing net income there shall be allowed as deductions : (b) INTEREST. — All interest paid or accrued within...incurred or continued to purchase or carry obligations * * * the interest upon which is wholly exempt (930) BIRCH RANCH & OIL CO. (c) TAXES— GENERALLY....
Full view - About this book

Internal Revenue Cumulative Bulletin

United States. Internal Revenue Service - 1976
...AMENDMENT OF SECTION jes. — Section 265(2) (relating to tax-exempt interest) is amended by striking out " (other than obligations of the United States issued...1917, and originally subscribed for by the taxpayer) ". (38) AMENDMENT OF SECTION 26». — Section 269 (relating to 26 USC 269. acquisitions made to evade...
Full view - About this book

Reports of the Tax Court of the United States, Volume 30

United States. Tax Court - 1959
...Indebtedaes* except on Indebtedness Incurred or continued to purchase or carry obligations (other thai obligations of the United States Issued after September...1917, and originally subscribed for by the taxpayer) tlie Interest upon which Is wholly exempt from the taxes Impoxd by tbli chapter. US 521 (1946). No...
Full view - About this book

The Code of Federal Regulations of the United States of America

1971
...(4) Depreciation. The depreciation deduction allowed by section 167. (5) Interest paid or accrued. All interest paid or accrued within the taxable year...1917, and originally subscribed for by the taxpayer) tbe interest on which is wholly exempt from taxation under this subtitle. (6) Capital losses. Capital...
Full view - About this book

Reports of the United States Tax Court, Volume 64

United States. Tax Court - 1975
...TAX-EXEMPT INCOME. No deduction shall be allowed for— * * * (2) INTEREST. — Interest on indebtedness incurred or continued to purchase or carry obligations...originally subscribed for by the taxpayer) the interest on which is wholly exempt from the taxes imposed by this subtitle. * * * Levitt v. United States, 517...
Full view - About this book

General Tax Reform (testimony from Administration and Public Witnesses ...

United States. Congress. House. Committee on Ways and Means - 1973
...wholly exempt from the taxes imposed by this subtitle. (2) INTE»EST. — Interest on indebtedness incurred or continued to purchase or carry obligations...and originally subscribed for by the taxpayer) the 722 CCH— Standard Federal Tax Reports Cede $265 U 2226 92-606 O - 73 - pt. 10 -- 25 EXHIBIT B 2 7,...
Full view - About this book




  1. My library
  2. Help
  3. Advanced Book Search
  4. Download EPUB
  5. Download PDF