Income Tax Law And Accounting 1918

Excerpt from Income Tax Law and Accounting, 1918: Being a Practical Application of the Provisions of the Federal Income Tax Act of September 8, 1916, as Amended; The War Income Tax and the War Excess Profits Tax Laws of October 3, 1917; And Containing the Corporation Capital Stock Tax Law and Ruling Ther The numerous commendatory reports upon the first edition of this book and the requests, by those who used it, for one covering the new laws, have impelled the author to write the present revised and enlarged edition. By reason of the material amendments of the Income Tax Act of September 8, 1916, and the enactment of the War Income and the War Excess Profits Taxes, contained in the War Revenue Bill of October 3, 1917, all of which are treated herein, have necessitated the rewriting of the greater part of the book so that the present edition is, practically, an entirely new work. The original scheme of arrangement, however, has been largely adhered to with the view of making the book a practical guide to those required to prepared returns either for themselves or others. All Treasury Decisions issued to date, bearing upon the Excess Profits Tax Law, have been incorporated herein either in the text or in foot-notes. From time to time additional decisions and regulations will be issued by the Treasury Department "as occasion demands," copies of which may be obtained upon application to the local collectors or to the Commissioner of Internal Revenue at Washington. Many problems arising under the Excess Profits Tax Law will not be ruled upon by the Department until applications for rulings are formally presented. In the absence of specific rulings the writer has suggested interpretations of the law, particularly with respect to methods of computing invested capital. In such matters as the writer has ventured his construction of the law the suggestions contained herein should be used in conjunction with the decisions and regulations that will be promulgated by the Department. The Department should be consulted freely and unhesitatingly and questions of importance should be submitted for special rulings. Such questions form the basis of decisions and rulings and the solution of your problems may help many others who encounter the same difficulties. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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This practical guide to the US income tax system explains the key provisions of the federal income tax act as they existed in 1918. It also covers the war income tax and the war excess profits tax laws of that year, as well as issues related to corporate taxation. An invaluable resource for tax lawyers, accountants, and anyone interested in the history of US tax law. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

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Excerpt from Income Tax Law and Accounting, 1918: Being a Practical Application of the Provisions of the Federal Income Tax Act of September 8, 1916, as Amended; The War Income Tax and the War Excess Profits Tax Laws of October 3, 1917; And Containing the Corporation Capital Stock Tax Law and Ruling Ther The writer wishes to express his gratitude to those of his friends who by suggestions and helpful recommendations and counsel have made possible the treatment of a variety of prob lems that will present themselves under the new laws; he also takes occasion to express his grateful acknowledgment of the helpfulness of the Income and War Tax Services of the Cor potation Trust Company, which contain the rulings and deci sions of the Treasury Department upon these laws. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.