Comptroller's Regulations Relating to the Income Tax Issued Pursuant to Chapter 627 of the Laws of 1919 Imposing Taxes Upon and with Respect to Personal Incomes

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J. B. Lyon, printers, 1920 - Income tax - 167 pages

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Year for purposes of deducting and withholding
Income not subject to deducting and withholding
Income of a nonresident for services performed partly within and partly without the state
Form of residence certificate
Information at Source Art No Title Page 281 Who shall make returns of information
What is included in calculating 1000 for the purpose of reporting informa tion
Return of information as to payment of dividends
Information as to actual owner
NONRESIDENT SECTION Tax on Nonresidente 401 Tax on nonresidents
Pensions received
Sale of property other than securities
Business expenses
Apportionment of income from sources within and without the State of New York 451 Earnings of salesmen
Income from vessels
Business carried on wholly without the State
Alternative basis of apportionment
Allowance of deductions and credit 481 Allowance of deductions to a nonresident
Conditions of allowance of credit
GENERAL PROVISIONS Residence Art No Title Page 501 Who is a resident
Loss of residence
Form of return for residents
Return of income of minor
Return of corporate dividends
Change in accounting period
Verification of returns
Time for filing returns upon death or termination of trust
Place for filing returns
Payment of Taxes 551 Time for payment of tax
Procedure with respect to dishonored checks
Corrections of Returns 571 Comptrollers power of revision
Claim for refund
Returns to be Public Records 581 Inspection of returns
Appendix 1
Appendix II

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Page 115 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property; also from interest, rent, dividends, securities, or the transaction of any business carried on for gain or profit, or gains or profits and income derived...
Page 114 - Whenever In the opinion of the Commissioner the use of Inventories is necessary in order clearly to determine the Income of any taxpayer, Inventories shall be taken by such taxpayer upon such basis as the Commissioner, with the approval of the Secretary, may prescribe as conforming as nearly as may be to the best accounting practice In the trade or business and as most clearly reflecting the Income.
Page 114 - 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...
Page 117 - ... rentals or other payments required to be made as a condition to the continued use or possession, for purposes of the trade or business, of property to which the taxpayer has not taken or is not taking title or in which he has no equity...
Page 67 - Income received by estates of deceased persons during the period of administration...
Page 86 - States); (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...
Page 32 - The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life...
Page 111 - paid or incurred" and "paid or accrued" shall be construed according to the method of accounting upon the basis of which the net income is computed under section 212 or 232. The deductions and credits provided for in this title shall be taken for the taxable year in which "paid or accrued
Page 60 - For the purpose of this rule a dealer in securities is a merchant of securities, whether an individual, partnership, or corporation, with an established place of business, regularly engaged in the purchase of securities and their resale to customers...
Page 120 - The net income of the estate or trust shall be computed in the same manner and on the same basis as provided in section 212...

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