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acquired additional agreed agreement alleged allowed amount appeal assessment assets assigned authorized balance Bank basis Board bonds building capital stock cash cent charged claim collection Commissioner COMMISSIONER OF INTERNAL Company computing consideration consolidated contention contract corporation cost court December 31 deduction deficiency depreciation determined dividends Docket earnings ended entered entitled evidence expenses fact February filed FINDINGS OF FACT follows gross held included income interest INTERNAL REVENUE inventory invested capital issued January June land lease liability limitations loans loss Manufacturing March notes operation opinion organized paid parties partnership payment period petitioner petitioner's present prior proceeding production profits purchase question reason received record referred reported represented respect respondent result Revenue Act securities shares shows sold statute stockholders taxable taxpayer thereof tion transferred Trust United
Page 565 - A conveyance by a partner of his interest in the partnership does not of itself dissolve the partnership, nor, as against the other partners in the absence of agreement, entitle the assignee, during the continuance of the partnership, to interfere in the management or administration of the partnership business or affairs...
Page 131 - ... shall be a lien in favor of the United States upon all property and rights to property, whether real or personal, belonging to such person.
Page 670 - In the case of a taxpayer engaged in a trade or business in which both personal services and capital are material income-producing factors...
Page 979 - The amount of all such items shall be included in the gross income for the taxable year in which received by the taxpayer, unless under methods of accounting permitted under subdivision (b) of Section 11, any such amounts are to be properly accounted for as of a different period.
Page 128 - ... (a) Method of collection. The amounts of the following liabilities shall, except as hereinafter in this section provided, be assessed, collected, and paid in the same manner and subject to the same provisions and limitations as in the case of a deficiency in a tax imposed by this...
Page 534 - The amount of all items of gross income shall be included in the gross income for the taxable year in which received by the taxpayer, unless, under methods of accounting permitted under section 41, any such amounts are to be properly accounted for as of a different period.
Page 785 - Where before the expiration of the time prescribed in section 275 for the assessment of the tax, both the Commissioner and the taxpayer have consented in writing to its assessment after such time, the tax may be assessed at any time prior to the expiration of the period agreed upon.
Page 393 - Debts ascertained to be worthless and charged off within the taxable year (or, in the discretion of the Commissioner, a reasonable addition to a reserve for bad debts) ; and when satisfied that a debt is recoverable only in part, the Commissioner may allow such debt, in an amount not in excess of the part charged off within the taxable year, as a deduction.
Page 729 - The net income shall be computed upon the basis of the taxpayer's annual accounting period (fiscal year or calendar year, as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income...