Excerpt from Income and Federal Tax Reports, 1920 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.

Excerpt from Federal Corporate Income Taxes This book, coming out at a time too late to be of material assistance to the taxpayer in the preparation of his Federal income and profits tax return for 1920, may appear to be out of place. However, the primary purpose of the book is to assist the taxpayer in his determina tion as to whether or not the computation of his tax liability under the several Revenue Acts has been correctly made and in accordance with the practice and procedure of the Bureau of Internal Revenue. 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.

Excerpt from Report of the Committee on the Federal Income Tax: A Report Submitted to the Ninth Annual Conference of the National Tax Association, San Francisco, California, August 10-14, 1915 We now come to the Specific recommendations as to points in which not only the language but the subject-matter of the act itself is in our Opinion in need of alteration. We give first a list of these recommendations and then proceed to ex plain them. 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.

Excerpt from Annual Reports, 1920 Payments. Appropriations Redemption of Tax Titles Total Payments Balance on hand 81 Summary. Total Revenue Receipts 35 Total non-revenue Receipts 41 76 Total balance at beginning of period 77. 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.

Excerpt from The Federal Income Tax The taxation of income is a relatively new phenomenon in American fiscal life. Only within a decade has the Federal Constitution been amended SO as to make a national income tax possible; and this amendment came in the nick of time. It is appalling to think of the situation into which we should have been plunged had we not been in a position to aliment our revenues during the Great War from this source. The very newness, combined with the hugeness, of this fresh device has, however, naturally engendered all sorts of difficulties from which we are slowly trying to extricate ourselves. 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.

Excerpt from The Income Tax and the Individual: Revised to Include Amendments of 1920 Apparently his net income was after deducting the $48 and the $50 from the total of But, for the purpose of the income tax he is not allowed to deduct that $50 loss. On the other hand, he is allowed to deduct not only the $48 held back from his salary, and the War Pension of $96, and the $11 from War Bonds, but a Statutory Exemption of His net taxable income therefore is $188 (being less and his income tax is being 4% on $188. 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.