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A New Income Tax Manual: Explaining the Requirements of the Federal Income Tax Law and the Treasury Department Regulations With Respect to the Administration Thereof (Classic Reprint) - Hardcover

Joseph Walker Magrath

 
9780666165039: A New Income Tax Manual: Explaining the Requirements of the Federal Income Tax Law and the Treasury Department Regulations With Respect to the Administration Thereof (Classic Reprint)

Synopsis

Simplified guidance on early U.S. income tax rules and how to comply

This manual presents a clear view of who owes tax, how the rate works, and what income counts. It aims to help readers understand the law and the Treasury regulations that govern administration and compliance.

  • Who is taxed: citizens, residents, foreign income in the U.S., and types of organizations subject to the tax.
  • How the tax is calculated: normal tax rate, additional tax for higher incomes, and what deductions or exemptions may apply.
  • How income is reported: who must file a return, when to file, and how returns are prepared for individuals, corporations, and other entities.
  • How collection and withholding work: when tax is withheld at the source, and what items are exempt from withholding.
Ideal for readers seeking a practical, historical view of early 20th‑century tax administration and for anyone needing a straightforward outline of the law’s basics.

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