Notes on the Revenue Act of 1918, Volumes 1-2United States. Department of the Treasury, United States. Congress. House. Committee on Ways and Means U.S. Government Printing Office, 1919 - 188 pages |
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Page 9
... allowed by law ( excluding in the ease of corporations - amounts allowed asa - deduction - under except the deductions authorized by par- graph 6 of subdivision ( a ) of section 234 and losses of the kind excluded by the limitation ...
... allowed by law ( excluding in the ease of corporations - amounts allowed asa - deduction - under except the deductions authorized by par- graph 6 of subdivision ( a ) of section 234 and losses of the kind excluded by the limitation ...
Page 10
... allowed as a deduction in computing the net income for the succeeding taxable year . Section 213 ( b ) ( 1 ) . Proceeds of life insurance policies . This paragraph excludes from gross income " the proceeds of life insurance policies ...
... allowed as a deduction in computing the net income for the succeeding taxable year . Section 213 ( b ) ( 1 ) . Proceeds of life insurance policies . This paragraph excludes from gross income " the proceeds of life insurance policies ...
Page 11
... allowed , cases would arise in which a clear income from an unimpared corpus divided between a life tenant and remain- derman would entirely escape taxation - the income from the property being wiped out by the annual shrinkage or ...
... allowed , cases would arise in which a clear income from an unimpared corpus divided between a life tenant and remain- derman would entirely escape taxation - the income from the property being wiped out by the annual shrinkage or ...
Page 12
... allowed would be rela- tively small in amount , while the exemption of such interest from taxation would be in keeping with the action of other countries and would encourage nonresident alien individuals and foreign cor- porations to ...
... allowed would be rela- tively small in amount , while the exemption of such interest from taxation would be in keeping with the action of other countries and would encourage nonresident alien individuals and foreign cor- porations to ...
Page 15
... allowed him to create a replacement fund and upon giving bond and security for the payment of the taxes assessable by the Govern- ment to defer payment of the taxes for a reasonable period in order to replace the vessel , and it ...
... allowed him to create a replacement fund and upon giving bond and security for the payment of the taxes assessable by the Govern- ment to defer payment of the taxes for a reasonable period in order to replace the vessel , and it ...
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Common terms and phrases
accrued act of October affirmed amendment in substantially assessment banking bonds capital stock cents centum certificates collected collector of internal Commissioner of Internal company or association construed corporation tax act December 17 deduction defendant dispensing District of Columbia dividends exceed excise tax exempt gross income Herold income tax indebtedness indictment insurance company interest Internal Revenue internal-revenue issued Jin Fuey Moy joint-stock company lease lessee lessor liable manufacture Maryland Casualty Co McCoach morphine mutual net estate net income nineteen hundred officers opium organized paragraph partnership payment penalty person physician policyholder prescribed profits Provided further purchaser purpose received registered regulations required by law reserve funds Revenue Act Revised Statutes section 38 section 904 sell sixteenth amendment sold special tax stamp tax stock company stockholders subdivision substantially the following tax imposed taxable taxation taxpayer thereof tion Title Treasury United violation
Popular passages
Page 94 - July, eighteen hundred and ninety-eight, there shall be levied, collected, and paid, for and in respect of the several bonds, debentures, or certificates of stock and of indebtedness, and other documents, instruments, matters, and things mentioned and described in Schedule A...
Page 11 - The amount received by the insured as a return of premium or premiums paid by him under life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract; (3) The value of property acquired by gift, bequest, devise, or descent (but the income from such property shall be included in gross income...
Page 39 - Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.
Page 116 - Act by providing for the registration and the imposition of a special tax upon all persons in the Canal Zone who produce, import, compound, deal in, dispense, sell, distribute, or give away opium or coca leaves, their salts, derivatives, or preparations.
Page 65 - All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, employers, and all officers and employees of the United States, having the control, receipt,. custody, disposal, or payment...
Page 129 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business...
Page 118 - ... preparations which contain cocaine or any of its salts or alpha or beta eucaine or any of their salts or any synthetic substitute for them...
Page 67 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system; and (B) providing for the payment of life, sick, accident, or other benefits to the members of such society, order, or association or their dependents...
Page 125 - The amount so added to any tax shall be collected at the same time and in the same manner and as...
Page 119 - Provided further, That it shall not be necessary to negative any of the aforesaid exemptions in any complaint, information, indictment, or other writ or proceeding laid or brought under this Act; and the burden of proof of any such exemption shall be upon the defendant.