Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
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Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981. I. SUMMARY 1. ... This provision would apply to taxable years beginning after December 31 , 1980.
Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981. I. SUMMARY 1. ... This provision would apply to taxable years beginning after December 31 , 1980.
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Section 3 of the bill would extend the three - year recapture of inventory writedowns to ten years . The provisions of sections 2 and 3 of the bill would be effective for taxable years beginning after the date of enactment of the bill .
Section 3 of the bill would extend the three - year recapture of inventory writedowns to ten years . The provisions of sections 2 and 3 of the bill would be effective for taxable years beginning after the date of enactment of the bill .
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The computation of cost of goods sold is made by taking the beginning inventory , adding the purchases made during the year , and subtracting the ending inventory . The resulting amount is the amount of goods that were disposed of ...
The computation of cost of goods sold is made by taking the beginning inventory , adding the purchases made during the year , and subtracting the ending inventory . The resulting amount is the amount of goods that were disposed of ...
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Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on ... 80–60 from taxable years endiing after December 24 , 1979 , to taxable years beginning after December 31 , 1980.
Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on ... 80–60 from taxable years endiing after December 24 , 1979 , to taxable years beginning after December 31 , 1980.
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S. 1276 The amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980. The provisions relating to Rev. Rul . 80-60 and Rev. Proc .
S. 1276 The amendments made by S. 1276 relating to inventory writedowns for qualified small businesses would apply to taxable years beginning after December 31 , 1980. The provisions relating to Rev. Rul . 80-60 and Rev. Proc .
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Common terms and phrases
$10 million limitation allow taxpayers amortize amount apply to taxable average beginning after December bill capital expenditures Code section conformity conformity requirement continue cost or market December 31 determined disposed disposition Effective date elects to deduct ending inventory exceeding exception excess inventory expenses experimental expenditures future gross income held higher income tax industrial development bonds interest Internal Revenue Service inven inventory accounting less LIFO lower of cost market value market writedowns method of accounting method of inventory months offered paid period Present law Proc provisions qualified small businesses realizable recapture regulations relating replacement requirement research and experimental research expenditures research expenses research or experimental respect Ruling Senators small issue industrial sold statement taken into account tax purposes taxable income taxable years beginning taxable years ending taxpayer elects Thor Power decision tion trade or business write written
Bibliographic information
| Title | Description of Tax Bills (S. 578, S. 768, S. 1276, and S. 1472): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Committee on Finance on September 25, 1981 |
| Contributors | United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management, United States. Congress. Joint Committee on Taxation |
| Publisher | U.S. Government Printing Office, 1981 |
| Original from | Purdue University |
| Digitized | 27 Aug 2012 |
| Length | 14 pages |
| Export Citation | BiBTeX EndNote RefMan |