American Federal Tax Reports, Volume 1Prentice-Hall, 1924 - Taxation |
From inside the book
Results 1-5 of 100
Page 12
... earnings , in- come , or gains . " That a dividend is declared is undoubtedly prima facie evidence of such " earnings , income , and gains , " under section . 120 ; and the burden of proof to show the contrary is upon the de- fendant ...
... earnings , in- come , or gains . " That a dividend is declared is undoubtedly prima facie evidence of such " earnings , income , and gains , " under section . 120 ; and the burden of proof to show the contrary is upon the de- fendant ...
Page 13
... earnings , " and used for construction , are liable to taxation under the act of congress amending the act of 1866 , passed July 14 , 1870 , which provides that there " shall be collected for and during the year 1871 a tax of two and ...
... earnings , " and used for construction , are liable to taxation under the act of congress amending the act of 1866 , passed July 14 , 1870 , which provides that there " shall be collected for and during the year 1871 a tax of two and ...
Page 14
... earnings before mentioned- $ 161,444.87 - as undivided profits of the company for the year 1871. The company paid the tax on the divided earnings . The railroad company contends that the undivided profits used , during the year they ...
... earnings before mentioned- $ 161,444.87 - as undivided profits of the company for the year 1871. The company paid the tax on the divided earnings . The railroad company contends that the undivided profits used , during the year they ...
Page 15
... earnings , " and that they were used for construction . Then it is manifest that the expended earnings account represented construction account , or con- struction fund , and when such undivided profits were carried to such account they ...
... earnings , " and that they were used for construction . Then it is manifest that the expended earnings account represented construction account , or con- struction fund , and when such undivided profits were carried to such account they ...
Page 16
... earnings , reduces the undivided profits to $ 102,738.30 . The court finds that this last sum was subject to a tax ... earnings of a railroad , used to pay interest or dividends , are taxable , whether actual profits or not ; but ...
... earnings , reduces the undivided profits to $ 102,738.30 . The court finds that this last sum was subject to a tax ... earnings of a railroad , used to pay interest or dividends , are taxable , whether actual profits or not ; but ...
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36 Stat accrued Act Aug action amended amount applied assessed assets association attorney authority bank bonds capital stock Cent centum Circuit Court Circuit Judge claim collected Collector of Internal Commissioner of Internal Connecticut contract Corporation Tax December 31 deduction defendant Digests & Indexes District Court dividends fact franchise funds gross income Gulf Oil Corporation held income tax insurance company interest Internal Revenue joint-stock company judgment June 13 Key-Numbered Digests lease lessee lessor company liability loan McCoach ment mortgage net income operation organized paid pany payment plaintiff in error poration premiums profits Public Service Railway purchase purpose question Railroad Company Railway Company real estate receipts received recover revenue stamp shares statute stockholders suit surplus tax imposed Tax Law taxable taxation thereof tion topic & KEY-NUMBER trust U. S. Atty U. S. Comp United