Internal Revenue Service

Department of the Treasury, Internal Revenue Service, Bureau of Alcohol, Tobacco and Firearms, MnnualEeport, Mlcoholand Tobacco Summay, U.S. Government Printing Office, Washington, D.C. 

Treasury Department Treasury Alcohol, Tobacco, and Firearms Bureau (ATF), Customs Service, Internal Revenue Service... 

In the United States, the Alcohol Tax Unit came into being with the repeal of Prohibition in 1933, and it became the Alcohol and Tobacco Tax division of the Internal Revenue Service in 1952. The Bureau of Alcohol, Tobacco, and Firearms (ATF), established in 1972, and the Department of the Treasury closely regulate the manufacture of distilled spirits. 

Contracts with the federal government require compliance with Executive Order Nos. 11625 and 12138 to utilize small and small disadvantaged businesses. The contractor/subcontractor must complete a copy of the representations and certifications providing self-certification of business classification under existing federal definitions. The representations and certifications also provide tax identification information required by the Internal Revenue Service. The original of the representation and certification form should be sent to regional purchasing and a copy included in the project file. 

William Eugene Parham, Treasurer and member of the Board of Directors and of the Advisory Board of Organic Syntheses, died May 21, 1976 of a coronary occlusion near his summer home on Deer Lake, near Deer River, Minnesota, at the age of 53. Dr. Parham joined the Board of Editors on September 7, 1958 and served as Editor-in-Chief of Volume 44 of Organic Syntheses in 1964. He became a member of the Advisory Board and was elected to the Board of Directors in 1966, and served as Vice President from 1969 to 1974, at. which time he succeeded Richard S. Schreiber as Treasurer. As Treasurer, Dr. Parham was very effective in securing competent legal counsel for Organic Syntheses and in clarifying its foundation tax status with the Internal Revenue Service. 

Grade C, Grade C wood alcohol (denaturing grade) shall comply with Internal Revenue Service Regulations SDAI of 26-CFR-212, Formulas for Denatured Alcohols ... 

Investors, however, like companies that have large tangible assets, because they think they have a better chance of getting their money back should the company become bankrupt. The tangible assets are the undepreciated assets of the company. So if a company is interested in selling bonds, it looks better if it has depreciated its assets slowly. As a result, some companies keep dual books-one for the public and the other for the Internal Revenue Service. There is nothing illegal about this. The capitalized cost minus the amount that has been depreciated is called the book value of the asset. This may be above, below, or the same as its resale value. 

Source Depredation Rules and Guidelines, Publication No. 456, Internal Revenue Service, U.S. 

The amount of depreciation per year depends on how long it is expected the plant will operate. The average life for various assets has been set by the Internal Revenue Service. A selected group of classifications is given in Tables 1 1-1 and 1 1-2. These may be reduced by 20%.2 If a faster depreciation schedule than this is to be used, it must be approved by the Internal Revenue Service and must be based on the current practices of the company. 

Three different depreciation methods are recognized by the Internal Revenue Service. They are ... 

But earnings are not the only consideration. In 1968 the Union Carbide Corporation, along with many other companies, had a very bad year financially. In order to make its financial picture look better it switched from the double declining balance method of depreciation to the straight-line method. This reduced expenses (deprecitation being considered an expense) and hence increased profits. This is a semipermanent move, however, since a return to the double declining balance method would require approval of the Internal Revenue Service. 

Source Depreciation, Investment Credit, Amortization, Depletion, Internal Revenue Service Publica-... 

Those wishing to find out more about these items should consult the various publications of the Internal Revenue Service. They can most easily be located by using the United States Government Publication Index, which is available in most large libraries. The individual reports can be purchased from the Superintendent of Documents in Washington, D. C. 

Problem 1. It has been stated that should any company desire to assume a longer period of useful life than that suggested by the Internal Revenue Service, it may do so, but if the assumed period is less it must be approved by the government. Why is this so ... 

The Project Gutenberg Literary Archive Foundation is a non profit 501(c)(3) educational corporation organized under the laws of the state of Mississippi and granted tax exempt status by the Internal Revenue Service. The Foundation s EIN or federal tax identification number is 64-6221541. Contributions to the Project Gutenberg Literary Archive Foundation are tax deductible to the full extent permitted by U.S. federal laws and your state s laws. 

IRS Internal Revenue Service Y Operating labor operator-hour/ton... 

Depreciation The Internal Revenue Service allows a deduction for the exhaustion, wear and tear and normal obsolescence of equipment used in the trade or business. (This topic is treated more fufly later in this section.) Briefly, for manufacturing expense estimates, straight-line depreciation is used, and accelerated methods are employed for cash flow analysis and profitability calculations. 

SOURCE U.S. Corporate Income Tax Return, Form 1120, Internal Revenue Service, U. S. Department of Treasury, Washington, 1999. 

Depreciation A reasonable allowance by the Internal Revenue Service for the exhaustion, wear and tear, and normal obsolescence of equipment used in a trade or business. The property must have a useful life of more than 1 year. Depreciation is a noncash expense deductible from income for tax purposes. 

Another part-time arrangement that s growing in popularity is phased retirement. Under this arrangement, workers stay with their current employer but reduce the number of hours worked. This allows the employer to retain needed skills and the worker to try retirement—a win-win opportunity for both. To make phased retirement attractive, the Internal Revenue Service has proposed a rules change that allows workers 59 years or older who cut back on their hours to supplement their earnings with a partial pension from the same employer. 

Different legal requirements to produce vermouth have been prescribed (Amerine et al., 1967) by the U.S. Treasury Department, Internal Revenue Service (1961) in United States, as detailed below. 

The analysis revealed that a large number of the inks used in the diaries were not available commercially until after the years in question, indicating the entries were backdated. The testimony was used as a rebuttal to impeach the testimony of the defendant and placed considerable doubt on the authenticity of the diaries. Thousands of dollars of taxable income were involved and the defendant became liable for the tax assessed by the Internal Revenue Service. 

The strength of the temperance movement in overcoming economic realities of the day is illustrated by the effect the Eightieth Amendment had on the collection of fees by the Internal Revenue Service (IRS). In 1916, gross receipts at the IRS were 513 million, of which 241 million were derived from distilled spirits and fermented liquors. Thus, 47 percent of IRS receipts were from alcohol-related income versus 13 percent from personal income tax. The movement s fervor also affected the medical profession. With the cynical belief that physicians would discharge their responsibilities under prohibition no better than they had under the Harrison Act, new legislation was created. The specific law, the Willis-Campbell Act of 1921, was enacted in order to restrict the number of liquor prescriptions permitted by each physician. 

Sources Figures prior to 1965 compiled by S. W. Shear, Giannini Foundation of Agricultural Economics from reports of Internal Revenue Service, U.S. Treasury Department, and Bureau of the Census, U.S. Department of Commerce. Figures beginning in 1965 compiled by Wine Institute from reports of Bureau of Alcohol, Tobacco and Firearms, U.S. Treasury Department, and Bureau of the Census, U.S. Department of Commerce. 

Like the Bronfman family itself, Javits s direct connections to organized crime and drag trafficking run deep. According to affidavits on file from the Internal Revenue Service and the Securities and Exchange Commission, Javits functions as a listening... 

I am—and I hope you are—proud of Gardner Stacy s public lectures and his leadership in helping to establish responsible and realistic energy policies for our nation. I hope he and other leaders of the ACS will continue such activities. This is public service at its best, and I hope the Internal Revenue Service recognizes it as such. 

Number of Requests to Internal Revenue Service for Address Information and Percent of Living Volunteers for Whom "No Record of SSN" was Found, by Chemical Group (Total) ... 

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