CONSOLIDATED RETURNS Cont.

Excess profits taxes-Cont.
Regulations, § 730 (b).

Subsidiary formed to comply with foreign law,
§ 730 (g).

Suspension of statute of limitations, § 730 (h).
Income taxes, § 141.

Affiliated group defined, § 141 (d).

Allocation of income and deductions, § 141 (i).

Computation and payment of tax, § 141 (e).
Includible corporation defined, § 141 (e).

Includible insurance companies, § 141 (f).

Privilege to file, § 141 (a).

Regulations, § 141 (b).

Definition, §§ 112 (h), 750 (d), 761 (c) (3).
CONTROLLED

Definition, § 734 (a) (4) (B).
CONTROLLED GROUP
Definition, § 361 (b) (3).
CONTROLS

Definition, § 361 (b) (3).

CONVERTIBLE SECURITIES

Foreign personal holding company, § 333 (b).
Personal holding company, § 503 (b).

CO-OPERATIVE APARTMENT CORPORATION

Definition, § 23 (z) (2) (A).

Interest paid to, § 23 (z).

Taxes paid to, § 23 (z).

CO-OPERATIVE TELEPHONE COMPANIES

Exempt from income tax, § 101 (10).

COPIES

Income tax returns, § 54 (d).

COPYRIGHTS

Services covering 5 years or more, § 107 (b).
Services covering 36 months or more, § 107 (b).

CORPORATION INCOME TAX RETURNS
Requirement, § 52 (a).

To whom return made, § 53 (b) (2).

CORPORATION SURTAX NET INCOME
Definition, § 15 (a).
CORPORATIONS

Accumulating surplus, surtax on, § 102.
Adjusted net income, § 13 (a) (1)
Alternative tax, § 13 (b) (2).

Capital gains and losses, § 117 (c) (1).
Bankruptcy and receivership, § 13 (e).
China Trade Act Corporations, § 261.

Closing of taxable year in case of liquidation, § 146

Foreign, § 231..

Affiliation, § 238.

Allowance of deductions and credits, § 233.
Credits against income tax, § 234.
Deductions from gross income, § 232.

Charitable, etc., contributions, § 232 (b).
In general, § 232 (a).

Gross income, § 231 (c).

Invested capital, § 724.

Nonresident corporations, § 231 (a).

Imposition of tax, § 231 (a) (1).

Payment of income tax, § 236.

Time of payment, § 236 (a).

Rates of tax, § 14 (c).

Resident corporations, § 231 (b).

Cont.

In possessions of United States, § 251 (c).
Income tax, § 251 (c) (1).
Invested capital, § 724.
Income tax on, § 13.

Income tax returns, § 52 (a).

Information returns, § 148.

Joint stock land banks, § 13 (f).

Limitation on capital losses, § 117 (d) (1).

Limitations where shareholder makes return, § 275

Taxable year beginning in 1941 and ending after
June 30, 1942, § 108 (a) (1).

Western Hemisphere Trade Corporations, § 109.

CORPUS

Distributions by estates and trusts, § 162 (d) (1).

COST

Basis for loss or gain, § 111.

Definition, § 700 (f) (2).

Unjust enrichment tax, § 700 (f) (2).

COURT REVIEW OF TAX COURT'S DECISIONS

See "Tax Court of the United States."
Bond to stay assessment and collection, § 1145.
Change of Commissioner, § 1143.
Courts of review, § 1141.

Jurisdiction, § 1141 (a).
Powers, § 1141 (c).

To affirm, modify, or reverse, § 1141 (c) (1).
To impose damages, § 1141 (c) (4).
To make rules, § 1141 (c) (2).

To require additional security, § 1141 (c) (3).
Venue, § 1141 (b).

Agreement of parties, § 1147 (b) (2).

Application of subsection, § 1141 (b) (3).
In general, §§ 1141 (b) (1), 1141 (b) (2).
Date when decision becomes final, § 1140.
Circuit Court of Appeals defined, § 1140 (e) (1).
Decision affirmed or petition for review dismissed,
§ 1140 (b).

After mandate of Supreme Court, § 1140 (b)
(3).

Petition for certiorari denied, § 1140 (b) (2).
Petition for certiorari not filed on time, § 1140
(b) (1).

Decision modified or reversed, § 1140 (c).

Upon mandate of Circuit Court of Appeals,
§ 1140 (c) (2).

Upon mandate of Supreme Court, § 1140 (c)
(1).

CREDITS AGAINST INCOME TAX-Cont.

Taxes of foreign countries and possessions of United
States-Cont.

Taxes of foreign subsidiary, § 131 (f).

Foreign subsidiary of domestic corporation,
§ 131 (f) (1).

Foreign subsidiary of foreign corporation, § 131
(f) (2).

Year in which credit taken, § 131 (d).

Under Sec. 400, § 403.

Victory tax, §§ 453, 466 (e).

When income from possessions of United States,
§ 251 (h).

Withheld at source, §§ 32, 143 (f).

On wages, § 35.

1

CREDITS AGAINST NET INCOME
Beneficiaries, § 163 (b).

China Trade Act Corporations, § 262.
Corporations

Bank affiliates, § 26 (d).

Consent dividend credit, § 28.

Dividends paid on certain preferred stock, § 26
(h).

Dividends received, § 26 (b).

Income subject to excess-profits tax, § 26 (e).
Interest on obligations of instrumentalities of
United States, § 26 (a).

Interest on obligations of United States, § 26 (a).
Net operating loss of preceding year, § 26 (c).
Decedent's, § 126 (b).

Estates or trusts, § 163 (a).

In case of bond premium, § 163 (c).
Individuals

Dependents, § 25 (b) (2).

Earned income credit, § 25 (a) (3).

Interest on obligations of instrumentalities of
United States, § 25 (a) (2).

Interest on United States obligations, § 25 (a)

(1).

Normal tax and surtax, § 25 (b).
Normal tax only, § 25 (a).

Personal exemption, § 25 (b) (1).

Insurance companies other than life or mutual,
§ 204 (f).

Life insurance companies, § 201 (g).
Nonresident aliens, § 214.

Partnerships, § 184.

Period for which taken, § 43.

When income from possessions of United States,
§ 251 (f).

CREDITS AGAINST UNJUST ENRICHMENT TAX
Excess profits taxes, § 701 (a).
Income taxes, § 701 (a).

CREDITS AGAINST VICTORY TAX

Amount of obligations of United States defined,
§ 453 (a) (3).

Indebtedness, § 453 (a) (2).

Limitation on credit, § 453 (b).

Obligations of United States owned by taxpayer,

§ 453 (a) (3).

Owned by taxpayer defined, § 453 (a) (3).
Premiums on life insurance, § 453 (a) (1).

CREDITS OF ESTATE TAXES

See "Refunds and Credits of Estate Taxes."

Taxes, § 126 (b) (1).

Deduction for estate tax, § 126 (c).

Allowance of deduction, § 126 (c) (1).

Method of computing deduction, § 126 (c) (2).
Deductions in general, § 23 (w).

Inclusion in gross income, § 126 (a).

Character of income determined by reference to

decedent, § 126 (a) (3).

General rule, § 126 (a) (1).

Income in case of sale, § 126 (a) (2).

DEDUCTIONS FROM GROSS ESTATE

Citizens or residents of United States, § 810.
Administration expenses, § 812 (b) (2).
Charitable purposes, § 812 (d).

Claims against estate, § 812 (b) (3).
Educational purposes, § 812 (d).
Exemption, § 812 (a).

Funeral expenses, § 812 (b) (1).
Governmental purposes, § 812 (d).

In money or money's worth defined, § 812 (b) (5).
Indebtedness in respect of property, § 812 (b) (4).
Literary purposes, § 812 (d).

Property previously taxed, § 812 (c).

Amount otherwise deductible under this sub-
section defined, § 812 (c) (2).

General claims, § 812 (c) (2).

Property subject to general claims, § 812 (c)

(2).

Property subject to claims defined, § 812 (b) (5).
Religious purposes, § 812 (d).

Scientific purposes, § 812 (d).

Support of dependents, § 812 (b) (5).
Unpaid mortgages, § 812 (b) (4).

Nonresident aliens, § 860.

Charitable purposes, § 861 (a) (3).

Condition of allowance of deductions, § 861 (b).
Educational purposes, § 861 (a) (3).

Exemption, § 861 (a) (4).

DEDUCTIONS FROM GROSS ESTATE-Cont.

Nonresident aliens-Cont.

Expenses, § 861 (a) (1).

Governmental purposes, § 861 (a) (3).
Indebtedness, § 861 (a) (1).
Literary purposes, § 861 (a) (3).
Losses, § 861 (a) (1).

Property previously taxed, § 861 (a) (2).
Public purposes, § 861 (a) (3).
Religious purposes, § 861 (a) (3).
Scientific purposes, § 861 (a) (3).
Taxes, § 861 (a) (1).

DEDUCTIONS FROM GROSS GIFTS

Extent of deductions, § 1004 (c).
Nonresidents, § 1004 (b).

Residents, § 1004 (a).

Charitable, etc., gifts, § 1004 (a) (2).

Specific exemption, § 1004 (a) (1).

DEDUCTIONS FROM GROSS INCOME

See "Non-Deductible Items"; "Exclusions from
Gross Income."

Advertising, § 23 (a) (1) (C).

Alimony, § 23 (u).

Allocation of, § 45.

Consolidated returns, § 141 (i).

Bad debts, § 23 (k).

Business expenses, § 23 (a) (1).

Capital losses, § 23 (g).

Charitable, etc., contributions, § 23 (o).

By corporations, §§ 23 (a) (1), 23 (q) (2).
Compensation under deferred payment plan, § 23
(p).

Contributions by corporations, §§ 23 (a) (1), 23 (q).
Contributions to employees' annuity plan, § 23 (p).
Contributions to employees' trust, § 23 (p).
Decedents, §§ 23 (w), 126 (b), (c).

Dental expenses, § 23 (x).

Depletion, § 23 (m).

Depreciation, § 23 (1).

Dividends paid on certain preferred stock, § 121.
Educational contributions, § 23 (o).

Estates and trusts, § 162.

Excess profits tax under Chapter 2 E, § 23 (c) (2).
Expenses, § 23 (a).

Foreign corporations, § 232.

Charitable, etc., contributions, § 232 (b).
In general, § 232 (a).

DEDUCTIONS FROM GROSS INCOME-Cont.
Foreign personal holding companies, § 336.
Contributions or gifts, § 336 (a) (2).
Deductions not allowed, § 336 (b).

Expenses and depreciation, § 336 (b) (2).
Net loss carry-over, § 336 (b) (3).
1941 capital loss carry-over, § 336 (c).
Taxes and pension trusts, § 336 (b) (1).

Federal income, war and excess profits taxes,
§ 336 (a) (1).

General trade or business expenses, § 23 (a) (1).
Good will, § 23 (a) (1) (C).

Insurance companies other than life or mutual,
§ 204 (c).

Capital losses, § 204 (c) (5).

Charitable contracts, § 204 (c) (9).

Debts, 204 (c) (6).

Life insurance companies, § 201 (c) (7).

Depreciation, § 201 (c) (7) (D).
Interest paid, § 201 (c) (6).

Investment expenses, § 201 (c) (7) (B).
Tax free interest, § 201 (c) (7) (A).
Literary contributions, § 23 (0).
Losses by corporations, § 23 (f).
Losses by individuals, § 23 (e).
Medical expenses, § 23 (x).

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

Capital losses, § 207 (b) (4) (F).
Depreciation, § 207 (b) (4) (D).
Double, § 207 (f).

Foreign corporations, § 207 (e).

Interest, § 207 (b) (4) (E).

Investment expenses, § 207 (b) (4) (B).

Real estate expenses, § 207 (b) (4) (C).
Rental value of real estate, § 207 (c).
Tax-free interest, § 207 (b) (4) (A).
Net operating losses, § 122.
Non-business debts, § 23 (k) (4).
Non-business expenses, § 23 (a) (2).
Nonresident aliens, §§ 213, 215.

Non-trade expenses, § 23 (a) (2).

Ordinary and necessary expenses, § 23 (a) (1).

Period for which taken, § 43.

Personal holding companies, § 505.

Possessions of United States, § 251 (e).

Religious contributions, § 23 (o).

Retail sales tax, § 23 (c) (3).

Scientific contributions, § 23 (o).

Securities becoming worthless, § 23 (k) (2).

Capital losses on, § 23 (g) (2).

Securities of affiliated corporations, § 23 (k) (5).