Digest of the Federal Revenue Act of 1921, for Income And Excess Profits Taxes for 1921, 1922 And Subsequent Years, With Tables for Calculation of Tax And for Comparison of Taxes; Act Passed November 23, 1921. Effective for Income Tax January 1, 1921
The book Digest of the Federal Revenue Act of 1921, for Income And Excess Profits Taxes for 1921, 1922 And Subsequent Years, With Tables for Calculation of Tax And for Comparison of Taxes; Act Passed November 23, 1921. Effective for Income Tax January 1, 1921 was written by author National City Company Here you can read free online of Digest of the Federal Revenue Act of 1921, for Income And Excess Profits Taxes for 1921, 1922 And Subsequent Years, With Tables for Calculation of Tax And for Comparison of Taxes; Act Passed November 23, 1921. Effective for Income Tax January 1, 1921 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Digest of the Federal Revenue Act of 1921, for Income And Excess Profits Taxes for 1921, 1922 And Subsequent Years, With Tables for Calculation of Tax And for Comparison of Taxes; Act Passed November 23, 1921. Effective for Income Tax January 1, 1921 a good or bad book?
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This showing must be made in accordance with regulations prescribed by the Commis- sioner of Internal Revenue. 155 (2) Domestic corporations are for this purpose to be considered foreign corporations, if 62 Income Tax eighty (80) per cent or more of their gross income from all sources for the three-year period immediately preceding the close of the fiscal year (or for such part of such period immediately preceding the close of such tax- able year as may be applicable) was derived from sources w...ithin a possession of the United States (not including the Virgin Islands) ; and if also fifty (50) per cent of the said gross income for such period or such part of such period was derived from the active conduct of a trade or business within a possession of the United States either on their own account or as employee or agent of another. Dividends from this class of cor- porations are not deductible as a credit in computing normal income tax. 156 (b) Amounts received as interest on obligations of the United States and bonds of the war finance corpora- tion, in excess of allowable exemptions and which is included in taxable gross income in the return of in- come.
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