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 6
... tax law should turn upon distinctions of fact and not of form , and that ... special procedure which will necessarily restrict its use to a comparatively ... tax- payers . 5. The present definition of a personal service corporation is ...
... tax law should turn upon distinctions of fact and not of form , and that ... special procedure which will necessarily restrict its use to a comparatively ... tax- payers . 5. The present definition of a personal service corporation is ...
Page 14
... special method . It has been pointed out also that the realization in one year of gains from the sale of capital assets or long - time investments may similarly re- sult in tax out of all reasonable proportion to the tax which would ...
... special method . It has been pointed out also that the realization in one year of gains from the sale of capital assets or long - time investments may similarly re- sult in tax out of all reasonable proportion to the tax which would ...
Page 39
... tax return . Many corporations have of necessity been granted extensions of time in filing income and excess - profits and war - profits tax returns and claim the same data is used in preparing capital stock tax re- turns ... SPECIAL TAXES .
... tax return . Many corporations have of necessity been granted extensions of time in filing income and excess - profits and war - profits tax returns and claim the same data is used in preparing capital stock tax re- turns ... SPECIAL TAXES .
Page 40
... taxes , special or otherwise , imposed by existing law or by this Act , $ 1,000 for each of such occupations when so prohibited . Section 1002. Receipt in lieu of a special tax stamp imposed in the case of ( 1 ) manufacturers of tobacco ...
... taxes , special or otherwise , imposed by existing law or by this Act , $ 1,000 for each of such occupations when so prohibited . Section 1002. Receipt in lieu of a special tax stamp imposed in the case of ( 1 ) manufacturers of tobacco ...
Page 41
... special tax stamp may be issued to denote the payment of such tax ; ( 2 ) Strike out the tenth paragraph of section 1002 and insert : Manufacturers of cigars whose annual sales exceed four hundred thousand cigars shall each pay $ 24 ...
... special tax stamp may be issued to denote the payment of such tax ; ( 2 ) Strike out the tenth paragraph of section 1002 and insert : Manufacturers of cigars whose annual sales exceed four hundred thousand cigars shall each pay $ 24 ...
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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.