BAD DEBTS B Deductibility from gross income, § 23 (k). From victory tax gross income, § 451 (a) (5). Interest in case of overpayments involving, § 3771 Recovered, excess profits taxes, §§ 711 (a) (1) (E), Recovered, income taxes, § 22 (b) (12). Statute of limitations in respect of refunds on ac- BALL AND SAGGER CLAY Percentage depletion, § 114 (b) (4). BANKRUPTCY AND RECEIVERSHIP § 372. Gain or loss. See "Gain or Loss.'' Obsolescence, § 114 (a). Percentage depletion for Ball and sagger clay, § 114 (b) (4). Oil and gas wells, § 114 (b) (3). Sulphur, § 114 (b) (4). Recovered property on which war losses sustained, § 127 (d). Substituted, § 113 (b) (2). BENEFICIARY See "Estates and Trusts"; "Pension Trusts." Estate tax return required of, § 821 (a) (1). Wife, in case of divorce, § 171 (b). BORROWED INVESTED CAPITAL Borrowed capital, § 719 (a). Defined, § 719 (a). Contract with foreign government, § 719 (a) (2). Life insurance company, § 719 (a) (4). BRIDGES Acquired by state or political subdivision, § 116 (e). Returns of information by, § 149. BUILDING AND LOAN ASSOCIATIONS See "Tax Court of United States"; "Shift of BUSINESS EXPENSES Deductibility, § 23 (a). Exempt from income tax, § 101 (7). CALENDAR YEAR Change to, or from, § 46. CAPITAL ASSETS Definition, § 117 (a) (1) CAPITAL DISTRIBUTIONS Other than in liquidation, § 115 (d). Added to leases, § 113 (b). CAPITAL GAINS AND LOSSES Other taxpayers, § 117 (c) (2). Capital loss carry-over, § 117 (e). Method of computation, § 117 (e) (1). Rule for capital loss carry-over from 1941, § 117 Definition, § 117 (a). Determination of period for which held, § 117 (h). Involuntary conversions, § 117 (j). Corporations, § 117 (d) (1). Other taxpayers, § 117 (d) (2). Long-term capital gain defined, § 117 (a) (4). Net long-term capital gain defined, § 117 (a) (8). CAPITAL GAINS AND LOSSES Cont. Net long-term capital loss defined, § 117 (a) (9). Percentage taken into account, § 117 (b). Property used in the trade or business defined, § 117 Retirement of bonds, etc., § 117 (f). Sale or exchange of property used in trade or busi- See Capital Gains and Losses." Deductibility from gross income, § 23 (g). Mutual insurance companies other than life or mu- CAPITAL STOCK TAXES Additional declaration years, § 1202 (e). Corporations in bankruptcy or receivership, § 1202 Declaration year, § 1202 (a). Declared value, § 1202. Domestic corporations, § 1202 (b) (1). Foreign corporations, § 1202 (b) (2). Subsequent years, § 1202 (b). Credit for China Trade Act Corporations, § 1202 (d). Domestic corporations, § 1200 (a). Exemptions, § 1201. Common trust funds, § 1201 (b). Corporations exempt from income tax, § 1201 (a) Insurance companies, § 1201 (a) (2). Foreign corporations, § 1200 (b). Payment of tax, § 1205. Extension of time, § 1205 (b). Penalty for delinquency, § 1206. Place for filing, § 1203 (c). Time for filing, § 1203 (b). Extension of time, § 1203 (b) (2). CAPITALIZATION OF ADVERTISING, ETC. Deductibility, § 23 (a) (1) (C). Election to charge to capital account, § 733 (a). CARRY-BACK AND CARRY-OVER Capital gains and losses, § 117 (e). Dividend carry-over, § 27 (c). Excess profits credit, §§ 710 (b) (3), 710 (c) (2). CARRY-BACK AND CARRY-OVER-Cont. Net operating loss carry-back, §§ 23 (s), 122 (b) Net operating loss carry-over, §§ 23 (s), 122 (b) None prior to 1941, § 122 (e). CARRYING CHARGES Adjustment for, § 113 (b) (1). Exempt from income tax, § 101 (5). Exempt from income tax, § 101 (7). CHANGE Accounting method, § 44 (c). Accounting period, § 46. Inventory method, § 22 (d). Status as affecting personal exemption, § 25 (b) (3). Victory tax, § 454 (b). Withholding exemption certificates, § 1622 (h). CHARITABLE, ETC., CONTRIBUTIONS Gross estate, §§ 812 (d), 861 (a) (3). Gross gifts, §§ 1004 (a) (2), 1004 (b) (1)–(6). Estates and trusts, § 162 (a). Foreign corporations, § 232 (b). Nonresident aliens, § 213 (c). CHARITABLE ORGANIZATIONS CHINA Citizens with estates in, §§ 851, 920, 921. CHINA TRADE ACT CORPORATIONS Affiliation, § 264. Credit for capital stock taxes, § 1202 (d). Credits against net income, § 262. Allowance of credit, § 262 (a). Definition of China, § 262 (d). Ownership of stock, § 262 (c). Special dividend, § 262 (b). Dividends from, § 116 (f). Income tax due dates postponed in case of, § 3805. Taxation in general, § 261. Corporation tax, § 261 (a). Rental value of dwelling, § 22 (b) (6). CLOSING AGREEMENTS Authorization, § 3760 (a). Finality, § 3760 (b). Penalties, § 3762. Concealment of property, § 3762 (a). Withholding, falsifying and destroying records, Unjust enrichment tax, § 705. CLOSING OF TAXABLE YEAR Addition to tax, § 146 (f). Aliens, departure of, § 146 (e). By commissioner, § 146. Citizens, § 146 (d). Security for payment, § 146 (b). Tax in jeopardy, § 146 (a). Corporation in liquidation, § 146 (a) (2). Departure of taxpayer, § 146 (a) (1). Removal of property from United States, § 146 COAL MINES Percentage depletion, § 114 (b) (4). COLLECTION Collection authority, § 3651. Collection districts, § 3650. Deficiency. See "Deficiency of Estate Taxes," etc. Enforcement of liability for taxes collected, § 3661. Fractional parts of cent, § 3658. General powers and duties relating to, § 3654. Gift taxes. See "Deficiency of Gift Taxes. Income Taxes. See "Deficiency of Income Taxes." Notice and demand for tax, § 3655. Payment by check, § 3656. Payment by United States notes and certificates of on See "Income Taxes Collected at Source COLLECTOR OF INTERNAL REVENUE Administration of oaths and taking of testimony, Appointment, etc., §§ 3941-3945. Charges and credits, § 3950. Definition, §§ 930 (d), 3797 (a) (13). Deputy collector, §§ 3990-3996. Disposition of collections, § 3961. Distraint against delinquent collector, §§ 3975-3978. COMMISSIONER OF INTERNAL REVENUE Administrative review of decisions, § 3790. Assistant to, §§ 3905, 3906. Definition, § 3797 (a) (12). Deputy commissioner, §§ 3915, 3916. Powers and duties, § 3901. Special deputy commissioner, §§ 3910, 3911. Inspection of income tax returns by, § 55 (d). Gains personal holding company income, § 502 (c). Election of taxpayer as to, § 123. COMMON TRUST FUNDS Admission, § 169 (e). Computation of income of, § 169 (d). Definition, § 169 (a). Different taxable years, § 169 (g). Income of participants, § 169 (c). Credit for partially-exempt interest, § 169 (c) Inclusion in net income, § 169 (c) (1). Returns by banks, § 169 (f). Taxation of, § 169 (b). Victory tax, § 451 (c), (e). COMMONWEALTH OF PHILIPPINES Compensation of employees of, § 116 (h). Estate tax, §§ 811 (d) (5), 811 (e). COMPENSATION Copyrights, § 107 (b). Employees of Commonwealth of Philippines, § 116 Employees of foreign governments, § 116 (h). |