A Treatise on the Federal Corporation Tax Law, Including Therein a Commentary on the Act Itself, an Appendix Containing the Text of the Act, All Rules and Regulations of the Treasury Department, Relating in Any Way to the Act; Text of All Laws Relating to the Collection, Remission and Refund of Internal Revenue; Text Applicable to the Administration of the Federal Corporation Tax Law, and Opinions of the Attorney-general Bearing Upon the Meaning of the Act
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actually addition allowed Appendix applicable ascertained assessment assets August authority bank bonded capital stock carrying charges Class close collection collector Commissioner of Internal company or association Congress Constitution cost court December 31 deductions DEPARTMENT depreciation deputy derived determine direct District dividends duty effect excise tax exempt expenses fact Federal Corporation Tax follows foreign gross income held import imposed indebtedness insurance companies interest internal revenue inventory issued January joint stock companies liable limitation lines losses manner manufactured March meaning necessary net income Note objects officer operation opinion organized paid payment person profit proper question real estate reason received reference regulations respect rules Secretary section 38 shares sources statute taken tax imposed taxation Territory therein thereof tion Total amount Treasury trust United
Page 34 - The result is a conviction that the states have no power, by taxation or otherwise, to retard, impede, burden, or in any manner control the operations of the constitutional laws enacted by Congress to carry into execution the powers vested in the general government.
Page 118 - ... sums other than dividends, paid within the year on policy and annuity contracts and the net addition, if any, required by law to be made within the year to reserve funds...
Page 294 - The Commissioner of Internal Revenue, subject to regulations prescribed by the Secretary of the Treasury, is authorized to remit, refund, and pay back all taxes erroneously or illegally assessed or collected, all penalties collected without authority, and all taxes that appear to be unjustly assessed or excessive in amount, or in any manner wrongfully collected...
Page 45 - All laws should receive a sensible construction. General terms should be so limited in their application as not to lead to injustice, oppression, or an absurd consequence. It will always, therefore, be presumed that the legislature intended exceptions to its language, which would avoid results of this character. The reason of the law in such cases should prevail over its letter.
Page 114 - Columbia, shall be subject to pay annually a special excise tax with respect to the carrying on or doing business by such corporation, joint stock company or association, or insurance company, equivalent to one per centum upon the entire net income over and above five thousand dollars received by it from all sources during such year...
Page 32 - Amendment, that no State shall deny to any person within its jurisdiction the equal protection of the laws, was not intended to prevent a State from adjusting its system of taxation in all proper and reasonable ways.
Page 146 - It shall be unlawful for any collector, deputy collector, agent, clerk, or other officer or employee of the United States to divulge or to make known in any manner whatever not provided by law...
Page 139 - Commissioner, for the purpose of ascertaining the correctness of any return or for the purpose of making a return where none has been made, is hereby authorized, by any revenue agent or inspector designated by him for that purpose, to examine any books, papers, records, or memoranda bearing upon the matters required to be included in the return, and may require the attendance of the person...