Agricultural fairs, exemption of, from admissions tax, sec. 500 (b) (2), 199 Alaska, teachers in, when compensation excluded from gross income, sec. 58 100 Aliens: Nonresident, income tax of, Supplement H.... Credit for taxes paid to foreign countries or possessions of Interest received from, when treated as income from within Requirement of payment of taxes before departure from United Allocation of income and deductions, where two or more trades or busi- Amendments to 1926 income tax, Title III. Amortization deduction, act of 1926, sec. 1209- Annuities: Amounts received from excluded from gross income, sec. 22 (b) (2)-- ཙ སི 145 226 11 83 219 Income tax- Assessment: Estate tax- Suspension of period for, amendment to 1926 act, sec. 402_-_-. 130 131 116 Bankruptcy and receiverships, sec. 274 (a). Jeopardy cases, sec. 273_ Interest in case of, sec. 297_ Period of limitation upon, secs. 275, 276- Request for prompt assessment, sec. 275 (b). Affiliated corporations, sec. 141 (i), 142 (f). Where waiver given, sec. 276 (b) - Concealment of, in compromise cases, sec. 616. -- 125, 126 75, 76 Assignees of corporate property, return to be made by, sec. 52 (a). Authorization for refunds and credits in overpayment cases, sec. 322 (a). Automobiles, tax on, repealed, sec. 421. Refund of, sec. 422, 423.. 126 119 160 124 30 11 127 137 135 135, 136 B Bad debts, deduction for in computing net income, sec. 23 (j) Bank deposits, interest upon, sec. 119 (a) (1) (A). 16 64 Bankers' acceptances, exemption of income derived by foreign central Returns of, requirements as to filing by trustees, sec. 52 (a). 30 41 43 40 Fage 43 Beneficiary associations of employees, exempt from income tax, sec. 103 (16). Deduction, on account of capitalization of future income not allowed, Net income, credits against, in case of, sec. 163. Benevolent life insurance associations, exemption from income tax, sec. Bequest or devise, property acquired by: Basis for determining gain or loss on, sec. 113 (a) (5). Income from, sec. 22 (b) (3) _. Beverages, cereal, tax on repealed, sec. 453.. Board of Tax Appeals: Court review of decisions of, amendment to 1926 act, sec. 603. 152 128 113 Petition to, in case of deficiency, sec 272.. 111 Procedure of, amendments to 1926 act, sec. 601. 149 Provisions of 1926 act, as amended, in respect of. 210 Overpayments found by, amendment to 1926 act, sec. 507. 148 151 Definition of "motor boat," sec. 708.. Boards of trade, exemption from income tax, sec. 103 (7)-- Boats: Repeal of tax on use of foreign-built boats, sec. 431. Bonds: Agricultural cooperative associations, exempt from stamp tax, sec. 41 170 139 141 For deduction of future expense liabilities in casual sales of real prop- 19 For release of liens, sec. 613 (c) (2) 158 Jeopardy, in case time extended for payment of tax, sec. 294 (d) 123 77 To stay collection in jeopardy assessment, sec. 273 (f), (g) 115 113 To suspend collection pending court review of board decision, sec. 152 United States, deposit of in lieu of surety, act of 1926. Bridges to be acquired by State or municipality, taxation of income of, Brokers, to make information returns, sec. 150... 59 85 Building and loan associations, exempt from income tax, sec. 103 (4)_ Businesses, allocation of income and deductions in case of control by same 27 C Canada, income tax in case of residents of, sec. 211 (b) Returns of, period of less than 12 months, sec. 47 (d). 100 39 39 38 39 89 91 28 38 Defined, sec. 101 (c) (2). Extent allowed, sec. 117 (a) (2). Net, defined, sec. 101 (c) (6). Estates and trusts, sec. 168.. Returns of, period of less than 12 months, sec. 47 (d). Capital-stock tax, determinations by commissioner as to "fair average Cereal beverages, tax on repealed, sec. 453. Chambers of commerce, exemption from income tax, sec. 103 (7). Change of status, basis for determining credits in case of, sec. 25 (e). Contributions- Deductions for year 1923, retroactive, sec. 706- Children, credit for dependent, sec. 25 (d).... China trade act corporations: Affiliation in case of, secs. 141 (f), 263. Dividends received from, secs. 22 (b) (9), 23 (p), 25 (a) (2), 116 (f) General provisions, Supplement K... Cigar packages, amendment to law relating to number per package, sec. 425. Cigars, tobacco and manufactures thereof, act of 1926 as amended Claims: Against transferees and fiduciaries, Supplement N. Unpaid, in bankruptcy and receivership cases, sec. 274 (b). Club dues tax: 19, 21, 60 108 139 225 194 108 41 124 156 117 154 Amounts unpaid in jeopardy assessments, sec. 273 (j). 116 115 Closing of taxable year by commissioner in jeopardy cases, sec. 147__. 81 111 Method of, in claims against transferees and fiduciaries, sec. 311 (a). Clubs, exemption from income tax, sec. 103 (9). Collectors of internal revenue, salaries of, sec. 713.. Terminate taxable year, when tax in jeopardy, sec. 147. 81 226 For injuries or sickness, excluded from gross income, sec. 22 (b) (5).... 12 12 Compromises, where assets are concealed, sec. 616.. 160 Computation of income tax, where taxable period embracing years with different laws, sec. 105. Consolidated returns (see also Affiliation): Taxable year, 1928, sec. 142. Taxable year 1929 and subsequent, sec. 141. Page Under act of 1926, sec. 240 (c) -- 173 Contiguous countries, income tax of aliens resident in, sec. 211 (b). Contributions, deduction of: 169 Charitable, year 1923, retroactive, sec. 706- In case of nonresident aliens, sec. 213 (c). Cooperative associations, exemption from income tax, sec. 103 (11)--- Corporations: Affiliated- Amendments to 1926, sec. 501- 145 Not deemed, sec. 251 (h). Taxable year 1928_. Taxable year 1929 and subsequent. 108 75 73 China trade act, Supplement K (see also China trade act corporations). Credits against net income of, sec. 26... Credits against tax, sec. 131.. Dividends received by, sec. 23 (p). Dividends of, sec. 25 (see also Dividends) Exempt from tax, sec. 103... Foreign (see also Foreign corporations)- Distribution by, sec. 115 (e)- Provisions of 1926 act in re.. Redemption of stock by, sec. 115 (g). Returns by- Information, sec. 149 Requirements, general, sec. 52- Time and place for filing, sec. 53. Taxes of shareholders paid by, sec. 23 (d). Court of Claims, salaries of commissioners of, sec. 711- 57 226 57 84 30 31 15 171 Courts: Jurisdiction of— Act of 1926, sec. 1122 (c). 219 Act of 1928, sec. 617... Review of Board of Tax Appeals decision, amendment to 1926 act, 161 152 Income from sources within possessions of the United States, sec. 251 (f) – Referred to Joint Committee on Internal Revenue Taxation, sec. 68 77 141 171 42 Taxes paid to foreign countries and possessions of the United States, Taxes withheld at the source, sec. 144. Cuba, passage tickets to, exempt from special tax, sec. 442. Customs laws, remission or mitigation of forfeitures under, sec. 709.. Of liquor, tax on, act of 1926, sec. 701-.. Personal property, installment sales by, sec. 44 (a). Debts. (See Bad debts.) Decedents' estates, income tax: Request for prompt assessment of tax in case of, sec. 275 (b). Sale of property, basis for determining gain or loss, sec. 113 (a) (5), 702__ Taxation of income of, sec. 161. Deductions (see also Credits): Allocation of, in case of two or more related trades or businesses, Amortization, act of 1926, sec. 1209_ Capital deductions, defined, sec. 101 (c) (3). In computing net income, general rule, sec. 23. 172 38 201 25 118 51, 167 85 27 226 39 13 Estates and trusts, secs. 162, 703- 86, 167 Capitalization of future income, sec. 24 (b) 20 Foreign corporations, sec. 232__ 104 Income from within possessions of United States, sec. 251 (d)......- Unlimited deduction for charitable contributions, when, sec. 120- In case of extension of time for payment of, sec. 296. 123 Amounts distributed in partial liquidation, sec. 115 (h) 57 165 39 |