Lapas attēli
PDF
ePub
[blocks in formation]
[blocks in formation]

BAD DEBTS

B

Deductibility from gross income, § 23 (k).

From victory tax gross income, § 451 (a) (5).
Definition, § 22 (b) (12) (A).

Interest in case of overpayments involving, § 3771
(d).

Recovered, excess profits taxes, §§ 711 (a) (1) (E),
711 (a) (2) (H).

Recovered, income taxes, § 22 (b) (12).

Statute of limitations in respect of refunds on ac-
count of, § 322 (b) (5).

BALL AND SAGGER CLAY

Percentage depletion, § 114 (b) (4).

BANKRUPTCY AND RECEIVERSHIP
Corporation, § 13 (e).

[blocks in formation]

§ 372.

Gain or loss. See "Gain or Loss.''

Obsolescence, § 114 (a).

Percentage depletion for

Ball and sagger clay, § 114 (b) (4).
Coal mines, § 114 (b) (4).
Fluorspar, § 114 (b) (4).
Metal mines, § 114 (b) (4).

Oil and gas wells, § 114 (b) (3).
Rock asphalt, § 114 (b) (4).

Sulphur, § 114 (b) (4).

Recovered property on which war losses sustained,

§ 127 (d).

Substituted, § 113 (b) (2).

BENEFICIARY

See "Estates and Trusts"; "Pension Trusts."
Employees' trust, § 165 (b), (c).

Estate tax return required of, § 821 (a) (1).
Income taxable to, § 162 (b), (c).

Wife, in case of divorce, § 171 (b).

[blocks in formation]

BORROWED INVESTED CAPITAL

Borrowed capital, § 719 (a).

Defined, § 719 (a).

Contract with foreign government, § 719 (a) (2).
Equal to one-half of borrowed capital, § 719 (b).
Insurance company, § 719 (a) (3).

Life insurance company, § 719 (a) (4).

BRIDGES

Acquired by state or political subdivision, § 116 (e).
BROKERS

Returns of information by, § 149.

BUILDING AND LOAN ASSOCIATIONS
Exempt from income tax, § 101 (4).
BURDEN OF PROOF

See "Tax Court of United States"; "Shift of
Burden of Proof."

BUSINESS EXPENSES

Deductibility, § 23 (a).
BUSINESS LEAGUES

Exempt from income tax, § 101 (7).

CALENDAR YEAR

Change to, or from, § 46.
Definition, § 1030 (a).

CAPITAL ASSETS

Definition, § 117 (a) (1)

CAPITAL DISTRIBUTIONS

Other than in liquidation, § 115 (d).
CAPITAL EXPENDITURES

Added to leases, § 113 (b).
Not deductible, § 24 (a) (2).

CAPITAL GAINS AND LOSSES
Alternative taxes, § 117 (c).
Corporations, § 117 (c) (1).

Other taxpayers, § 117 (c) (2).
Bonded, etc., losses of banks, § 117 (i).
Capital assets defined, § 117 (a) (1).

Capital loss carry-over, § 117 (e).

Method of computation, § 117 (e) (1).

Rule for capital loss carry-over from 1941, § 117
(e) (2).

Definition, § 117 (a).

Determination of period for which held, § 117 (h).
Gains and losses from short sales, etc., § 117 (g).
General rule, § 117 (j) (2).

Involuntary conversions, § 117 (j).
Limitation on capital losses, § 117 (d).

Corporations, § 117 (d) (1).

Other taxpayers, § 117 (d) (2).

Long-term capital gain defined, § 117 (a) (4).
Long-term capital loss defined, § 117 (a) (5).
Net capital gain defined, § 117 (a) (10).
Net capital loss defined, § 117 (a) (11).

Net long-term capital gain defined, § 117 (a) (8).

CAPITAL GAINS AND LOSSES Cont.

Net long-term capital loss defined, § 117 (a) (9).
Net short-term capital gain defined, § 117 (a) (6).
Net short-term capital loss defined, § 117 (a) (7).
Partnerships, § 183 (b) (1).

Percentage taken into account, § 117 (b).

Property used in the trade or business defined, § 117
(j) (1).

Retirement of bonds, etc., § 117 (f).

Sale or exchange of property used in trade or busi-

[blocks in formation]
[ocr errors]

See Capital Gains and Losses."

Deductibility from gross income, § 23 (g).

Mutual insurance companies other than life or mu-
tual, § 207 (b) (4) (F).

CAPITAL STOCK TAXES

Additional declaration years, § 1202 (e).
Adjusted declared value, § 1202.

Corporations in bankruptcy or receivership, § 1202
(c).

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).
Defense tax, § 1200 (c).

Domestic corporations, § 1200 (a).

Exemptions, § 1201.

Common trust funds, § 1201 (b).

Corporations exempt from income tax, § 1201 (a)
(1).

Insurance companies, § 1201 (a) (2).

Foreign corporations, § 1200 (b).

Payment of tax, § 1205.

Extension of time, § 1205 (b).

Penalty for delinquency, § 1206.
Time of payment, § 1205 (a).
Returns, § 1203.

Place for filing, § 1203 (c).
Publicity of returns, § 1204.
Requirement, § 1203 (a).

Time for filing, § 1203 (b).

Extension of time, § 1203 (b) (2).
General rule, § 1203 (b) (1).

CAPITALIZATION OF ADVERTISING, ETC.

Deductibility, § 23 (a) (1) (C).

Election to charge to capital account, § 733 (a).
Effect of election, § 733 (b).

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).
Interest on claims based on, § 3771 (e).

CARRY-BACK AND CARRY-OVER-Cont.

Net operating loss carry-back, §§ 23 (s), 122 (b)
(1).

Net operating loss carry-over, §§ 23 (s), 122 (b)
(2).

None prior to 1941, § 122 (e).

CARRYING CHARGES

Adjustment for, § 113 (b) (1).
Nondeductibility, § 24 (a) (7).
CEMETERY COMPANIES

Exempt from income tax, § 101 (5).
CHAMBERS OF COMMERCE

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
Corporations, § 23 (a), (q).
Deductibility from

Gross estate, §§ 812 (d), 861 (a) (3).

Gross gifts, §§ 1004 (a) (2), 1004 (b) (1)–(6).
Gross income, § 23 (q), (0).

Estates and trusts, § 162 (a).

Foreign corporations, § 232 (b).
Individuals, § 23 (o).

Nonresident aliens, § 213 (c).
Partnerships, § 183 (c).
Unlimited deduction, § 120.

CHARITABLE ORGANIZATIONS
Exempt from income tax, § 101 (6).

CHINA

Citizens with estates in, §§ 851, 920, 921.
Definition, § 262 (d).

CHINA TRADE ACT CORPORATIONS

Affiliation, § 264.

Credit for capital stock taxes, § 1202 (d).
Credits against income tax, § 263.

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).

[blocks in formation]
[blocks in formation]

Rental value of dwelling, § 22 (b) (6).
Withholding tax, § 1621 (a).

CLOSING AGREEMENTS

Authorization, § 3760 (a).

Finality, § 3760 (b).

Penalties, § 3762.

Concealment of property, § 3762 (a).

Withholding, falsifying and destroying records,
§ 3762 (b).

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
(a) (1).

COAL MINES

Percentage depletion, § 114 (b) (4).

COLLECTION

Collection authority, § 3651.

Collection districts, § 3650.

Deficiency. See "Deficiency of Estate Taxes," etc.
Distraint. See "Distraint.''

Enforcement of liability for taxes collected, § 3661.
Estate taxes. See "Deficiency of Estate Taxes."
Foreign items, § 150.

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."
Jeopardy assessment, § 3660.

Notice and demand for tax, § 3655.

Payment by check, § 3656.

Payment by United States notes and certificates of
indebtedness, § 3657.

[blocks in formation]

on

See "Income Taxes Collected at Source
Wages, " "Withholding of Tax at Source."

COLLECTOR OF INTERNAL REVENUE

Administration of oaths and taking of testimony,
§ 3965.

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.
Powers and duties, § 3962.

COMMISSIONER OF INTERNAL REVENUE

Administrative review of decisions, § 3790.
Appointment, § 3900.

Assistant to, §§ 3905, 3906.

Definition, § 3797 (a) (12).

Deputy commissioner, §§ 3915, 3916.
Personnel, § 3901 (b).

Powers and duties, § 3901.

Special deputy commissioner, §§ 3910, 3911.
COMMITTEES OF CONGRESS

Inspection of income tax returns by, § 55 (d).
COMMODITIES

Gains personal holding company income, § 502 (c).
COMMODITY CREDIT LOANS

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)
(2).

Inclusion in net income, § 169 (c) (1).

Returns by banks, § 169 (f).

Taxation of, § 169 (b).

Victory tax, § 451 (c), (e).
Withdrawal, § 169 (e).

COMMONWEALTH OF PHILIPPINES

Compensation of employees of, § 116 (h).
COMMUNITY PROPERTY

Estate tax, §§ 811 (d) (5), 811 (e).
Gift tax, § 1000 (d).

COMPENSATION

Copyrights, § 107 (b).

Employees of Commonwealth of Philippines, § 116
(h).

Employees of foreign governments, § 116 (h).
Information as to amount paid, § 147 (a).

« iepriekšējāTurpināt »