Presto
Issue: 1927 2156 - Page 9
PREST O-T 1 M E S
November 26, 1927
FAVORABLE ACTION
ON INSTALMENT TAX
Ways and Means Committee of House to Sug-
gest Amendments to Revenue Bill That
Will Prevent Reaudits.
Favorable action on the installment income tax
situation has been taken by the Ways and Means
Committee. The administrative provisions of the
new Revenue Rill will contain amendments prevent-
ing the reaudit, and consequent imposition of double
taxation, of returns of installment dealers made in
accordancew ith the installment regulations in effect
prior to the passage of the 1926 Act. On the other
hand, the bill will continue the double taxation fea-
tures as affecting all returns tiled tinder the existing
regulations, as well as future returns.
That the action of the committee is distinctly
favorable to the music industry is indicated by the
comments of Alfred L. Smith, secretary and general
manager of the Music Industries Chamber of Com-
merce, who said: "While we failed to get all we
asked of the committee, nevertheless it has taken
careo f the situation about which we were most con-
cerned.
"Under the proposed amendments, it will still not
be feasible for any merchants now reporting upon
the cash or accrual basis to change to the installment
method. However, the Treasury Department will be
prevented from reauditing the many installment rc-
lurns from the music industry made in good faith
during previous years under regulations which did
not include the double taxation features, and this is
what we were primarily interested in.
"The attitude of the committee was indicated dur-
ing the hearings when one member stated that he
thought that the installment merchant had no real
grievance, as the use of the installment basis is
optional, so that if these regulations were unsatisfac-
tory the taxpayer naturally would not adopt this
basis. I then pointed out to the committee that the
most serious situation did not lie with merchants
who might later care to adopt this basis, but had to
do with the returns previously filed in good faith in
accordance with regulations which iliminated the
double taxation feature. The committee now agrees
with our position on this most important phase cf
the situation.
"Newly established merchants who use the install-
ment basis from the commencement of their opera-
tions are not subjject to the double taxation feature Fine Musical Program Given on Occasion Is Broad-
and hence find that basis desirable even under the
casted Over Station KFAD.
present law and regulations, if they choose to adopt
The Redewill Music Co., 222-24 West Washington
it. The only merchants not taken care of are those
who are now using the cash or accrual basis and who street. Phoenix. Ariz., provided a musical program
at a "Fall Opening" celebration. The program was
in the future may desire to change to the installment
broadcasted over KFAD to company's radio station
basis.
"A number of members of the industry have ex- and souvenirs were given away.
The Redewill Music Company was established 46
pressed amazement that Congress would ever con-
sider the continuance of any law which caused double years ago by A. Redewill, father of Gene Redewill,
taxation. The committee has been guided largely the present owner. In 1919 Gene Redewill purchased
by the report of the Joint Committee on Internal the entire interests of the concern from the estate
Revenue Taxation, whose recommendations, it is un- of his father and has developed the establishment to
the present proportions.
derstood, have been followed largely by the Ways
The store has been completely gone over in the
and Means Committee."
interior, and new finishings and equipment installed.
A new front and show windows have been added
which have been described as being the latest and
most attractive in the city. Weber show cases, filled
with sparkling small instruments run the length of
the interior while lines of beautiful ' iulbransen pianos
Big Bronx Factory Picks Experienced Superintendent of all styles line the walls.
The piano department is under George Jaekmau,
to Direct Factory Operations.
who has been with the company for 10 years. He is
Charles Stanley has been engaged as superinten- assisted by Theodore K. Kress, an employe for seven
The small instrument department is con-
dent of the great piano factory of Ludwig & Co., years.
Southern boulevard, Willow avenue, East 135th and trolled by Milton Uasbury. well known violinist in
that city. Mr. Redewill has 19 employes in his stoic
136th streets, New York.
who are very familiar with the slogan of Mr. Rede-
Air. Stanley is an expert piano factory man, evcell-
ing as a scale drawer, all-around. artisan, mechanical will, which is that no expense is spared to insude the
inventor, designer, originator. of improvements in best possible musical service.
piano construction and competent judge of what a
finished piano should be.
FRED BRODEUR DIES.
Mis long experience at building pianos of the bet-
Fred Brodeur, manager of the R. W'urlitzer Co.'s
ter sort balances with his alertness for new ideas and
store in Kansas City, Mo., recently died suddenly of
improvements. Both the company and Mr. Stanley heart disease. Mr. Mrodeur had been with the Wiir-
are entitled to congratulations over the new con- litzer Co. for seven years, managing its store on
nection.-
-
McGee street before coming into the new store at
1015 Grand, the former Wunderlich Music Co. store,
W. T. Brinkerhoff, general manager of Ludwig &
Co., is especially delighted that his old friend Stanley a year ago last April. Previous to his association
with VVurlitzer's, Mr. IJrodeur had been with the
has jojinjed the Ludwig organization.
P. A. Starck Piano Co., in Gary, hid. His home was
The Wolfe Music Co., New Lexington, 'Ohio, is formerly in Hartford. Conn., where his mother. Mrs.
A. Kneeland, his (laughter. Mrs. A. J. Paquette, and
holding a clearance sale preparatory to retiring from
his son, Xorman Brodeur, live.
business.
REDEWILL MUSIC COMPANY
HOLDS "FALL OPENING"
CHAS. STANLEY MADE
LUDWIG FACTORY HEAD
!
IT'S IN THE TONE
\\
Radle Tone Has Won the Sale for Every |
Dealer who has Permitted his Customers f
to Compare it with any other.
|
Radle Tone Wins Wherever Radle Pianos I
l
and Radle Player-Pianos Are Sold.
Y
LET YOUR CUSTOMERS HEAR THE
RADLE TONE
And Examine the Beauty of Radle Construction and the Sale JVill Be Closed
F. R A D L E , I n c .
609-611 W. 36th Street
NEW YORK
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
November 26, 1927
FAVORABLE ACTION
ON INSTALMENT TAX
Ways and Means Committee of House to Sug-
gest Amendments to Revenue Bill That
Will Prevent Reaudits.
Favorable action on the installment income tax
situation has been taken by the Ways and Means
Committee. The administrative provisions of the
new Revenue Rill will contain amendments prevent-
ing the reaudit, and consequent imposition of double
taxation, of returns of installment dealers made in
accordancew ith the installment regulations in effect
prior to the passage of the 1926 Act. On the other
hand, the bill will continue the double taxation fea-
tures as affecting all returns tiled tinder the existing
regulations, as well as future returns.
That the action of the committee is distinctly
favorable to the music industry is indicated by the
comments of Alfred L. Smith, secretary and general
manager of the Music Industries Chamber of Com-
merce, who said: "While we failed to get all we
asked of the committee, nevertheless it has taken
careo f the situation about which we were most con-
cerned.
"Under the proposed amendments, it will still not
be feasible for any merchants now reporting upon
the cash or accrual basis to change to the installment
method. However, the Treasury Department will be
prevented from reauditing the many installment rc-
lurns from the music industry made in good faith
during previous years under regulations which did
not include the double taxation features, and this is
what we were primarily interested in.
"The attitude of the committee was indicated dur-
ing the hearings when one member stated that he
thought that the installment merchant had no real
grievance, as the use of the installment basis is
optional, so that if these regulations were unsatisfac-
tory the taxpayer naturally would not adopt this
basis. I then pointed out to the committee that the
most serious situation did not lie with merchants
who might later care to adopt this basis, but had to
do with the returns previously filed in good faith in
accordance with regulations which iliminated the
double taxation feature. The committee now agrees
with our position on this most important phase cf
the situation.
"Newly established merchants who use the install-
ment basis from the commencement of their opera-
tions are not subjject to the double taxation feature Fine Musical Program Given on Occasion Is Broad-
and hence find that basis desirable even under the
casted Over Station KFAD.
present law and regulations, if they choose to adopt
The Redewill Music Co., 222-24 West Washington
it. The only merchants not taken care of are those
who are now using the cash or accrual basis and who street. Phoenix. Ariz., provided a musical program
at a "Fall Opening" celebration. The program was
in the future may desire to change to the installment
broadcasted over KFAD to company's radio station
basis.
"A number of members of the industry have ex- and souvenirs were given away.
The Redewill Music Company was established 46
pressed amazement that Congress would ever con-
sider the continuance of any law which caused double years ago by A. Redewill, father of Gene Redewill,
taxation. The committee has been guided largely the present owner. In 1919 Gene Redewill purchased
by the report of the Joint Committee on Internal the entire interests of the concern from the estate
Revenue Taxation, whose recommendations, it is un- of his father and has developed the establishment to
the present proportions.
derstood, have been followed largely by the Ways
The store has been completely gone over in the
and Means Committee."
interior, and new finishings and equipment installed.
A new front and show windows have been added
which have been described as being the latest and
most attractive in the city. Weber show cases, filled
with sparkling small instruments run the length of
the interior while lines of beautiful ' iulbransen pianos
Big Bronx Factory Picks Experienced Superintendent of all styles line the walls.
The piano department is under George Jaekmau,
to Direct Factory Operations.
who has been with the company for 10 years. He is
Charles Stanley has been engaged as superinten- assisted by Theodore K. Kress, an employe for seven
The small instrument department is con-
dent of the great piano factory of Ludwig & Co., years.
Southern boulevard, Willow avenue, East 135th and trolled by Milton Uasbury. well known violinist in
that city. Mr. Redewill has 19 employes in his stoic
136th streets, New York.
who are very familiar with the slogan of Mr. Rede-
Air. Stanley is an expert piano factory man, evcell-
ing as a scale drawer, all-around. artisan, mechanical will, which is that no expense is spared to insude the
inventor, designer, originator. of improvements in best possible musical service.
piano construction and competent judge of what a
finished piano should be.
FRED BRODEUR DIES.
Mis long experience at building pianos of the bet-
Fred Brodeur, manager of the R. W'urlitzer Co.'s
ter sort balances with his alertness for new ideas and
store in Kansas City, Mo., recently died suddenly of
improvements. Both the company and Mr. Stanley heart disease. Mr. Mrodeur had been with the Wiir-
are entitled to congratulations over the new con- litzer Co. for seven years, managing its store on
nection.-
-
McGee street before coming into the new store at
1015 Grand, the former Wunderlich Music Co. store,
W. T. Brinkerhoff, general manager of Ludwig &
Co., is especially delighted that his old friend Stanley a year ago last April. Previous to his association
with VVurlitzer's, Mr. IJrodeur had been with the
has jojinjed the Ludwig organization.
P. A. Starck Piano Co., in Gary, hid. His home was
The Wolfe Music Co., New Lexington, 'Ohio, is formerly in Hartford. Conn., where his mother. Mrs.
A. Kneeland, his (laughter. Mrs. A. J. Paquette, and
holding a clearance sale preparatory to retiring from
his son, Xorman Brodeur, live.
business.
REDEWILL MUSIC COMPANY
HOLDS "FALL OPENING"
CHAS. STANLEY MADE
LUDWIG FACTORY HEAD
!
IT'S IN THE TONE
\\
Radle Tone Has Won the Sale for Every |
Dealer who has Permitted his Customers f
to Compare it with any other.
|
Radle Tone Wins Wherever Radle Pianos I
l
and Radle Player-Pianos Are Sold.
Y
LET YOUR CUSTOMERS HEAR THE
RADLE TONE
And Examine the Beauty of Radle Construction and the Sale JVill Be Closed
F. R A D L E , I n c .
609-611 W. 36th Street
NEW YORK
Enhanced content © 2008-2009 and presented by MBSI - The Musical Box Society International (www.mbsi.org) and the International Arcade Museum (www.arcade-museum.com).
All Rights Reserved. Digitized from the archives of the MBSI with support from NAMM - The International Music Products Association (www.namm.org).
Additional enhancement, optimization, and distribution by the International Arcade Museum. An extensive collection of Presto can be found online at http://www.arcade-museum.com/library/
Future scanning projects are planned by the International Arcade Museum Library (IAML).