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 |
From inside the book
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Page 8
... authorize the direct or indirect exemption of any stock dividend or any capitalization of surplus tantamount thereto lawfully subject to the tax . Section 204. Net losses . It has been suggested that 8 NOTES ON THE REVENUE ACT OF 1918 .
... authorize the direct or indirect exemption of any stock dividend or any capitalization of surplus tantamount thereto lawfully subject to the tax . Section 204. Net losses . It has been suggested that 8 NOTES ON THE REVENUE ACT OF 1918 .
Page 11
... exempt or exclude from gross income interest on deposits in banks , banking associations , and trust companies received by alien individuals or foreign corporations not engaged in trade or business within the NOTES ON THE REVENUE ACT OF ...
... exempt or exclude from gross income interest on deposits in banks , banking associations , and trust companies received by alien individuals or foreign corporations not engaged in trade or business within the NOTES ON THE REVENUE ACT OF ...
Page 12
... 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 transact financial business through institutions located in ...
... 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 transact financial business through institutions located in ...
Page 16
... exempt from all Federal , State , and local taxation except estate or inheritance taxes . It has been suggested that this departure from the principle that taxpayers , in computing taxable income , should not be permitted to deduct ...
... exempt from all Federal , State , and local taxation except estate or inheritance taxes . It has been suggested that this departure from the principle that taxpayers , in computing taxable income , should not be permitted to deduct ...
Page 17
... exempt from taxation under this title as income to the taxpayer , or , in the case of a nonresident alien individual , the proportion of such interest which the amount of his gross income from sources within the United States bears to ...
... exempt from taxation under this title as income to the taxpayer , or , in the case of a nonresident alien individual , the proportion of such interest which the amount of his gross income from sources within the United States bears to ...
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Common terms and phrases
1918 by adding accrued act of August act of October affirmed amendment in substantially assessment Baltic Mining Co bank bonds capital stock cent centum collected collector of internal Commissioner of Internal company or association computing construed corporation tax act dealer December 17 deduction distilling District of Columbia dividends drugs exceed excise tax exempt following form gross income hereby Herold income tax indebtedness insurance company interest Internal Revenue internal-revenue issued Jin Fuey Moy joint-stock company lease lessee lessor liable manufacture Maryland Casualty Co McCoach mutual net income officers opium organized paragraph partnership payment penalty person policyholder premium profits purchaser purpose received 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 subject to tax substantially the following suggested tax imposed taxable taxation taxpayer thereof tion Treasury United
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.