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EDUCATIONAL ORGANIZATIONS

Exempt from income tax, § 101 (6).
ELECTION

Amortization, taxable and partially taxable bonds,
§ 125 (c).

Amortization deduction, § 124 (b).

As to deficiency dividends, § 506 (j) (1).
Effect of, § 506 (j) (2).

Commodity credit loans, § 123.

Computation of net income, unjust enrichment tax,
§ 700 (c) (2).

Recomputation of tax in case of election re amorti-

zation deduction, § 124 (d) (5).

Shareholders as to medium of payment of dividends,

§ 115 (f) (2).

To be taxed under Sec. 400, §§ 400, 402.

EMERGENCY FACILITY

Amortization deduction, §§ 23 (t), 124.

Definition, § 124 (e) (1).

Depreciation on, § 124 (g).

Payment of unamortized cost by United States,

§ 124 (h).

EMERGENCY PERIOD

Definition, § 124 (e) (2).

EMOLUMENTS

Information as to amount paid, § 147 (a).

EMPLOYEES

Control over, § 1621 (d).

Definition, §§ 465 (d), 1621 (c).
Receipts to, §§ 1625, 1626.

EMPLOYEES' TRUSTS

Beneficiary, taxability, § 165 (b).
Beneficiary not exempt, § 165 (c).
Exemption from tax, § 165 (a).

EMPLOYER

Collection of tax on wages, §§ 1624, 1630, 1631.
Collection of victory tax, § 467.

Definition, §§ 465 (e), 1621 (d).

ENEMY COUNTRIES

War losses in, § 127.

EQUITY INVESTED CAPITAL

Deficit in earnings and profits of another corpora-
tion, § 718 (a) (7).

Deficit in earnings and profits transferred to trans-
feree, § 718 (c) (5).

Definition, § 718 (a).

Distributions in stock, § 718 (a) (3).

Earnings and profits at beginning of year, § 718
(a) (4).

Increase on account of gain or tax free liquidation,
§ 718 (a) (5).

Money paid in, § 718 (a) (1).

New capital, § 718 (a) (6).
Definition, § 718 (a) (6).

Distributions out of pre-1941 earnings and profits,

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of Columbia, § 813 (b).

Gift tax under Act of 1924, § 813 (a) (1).
Gift tax under Act of 1932, § 813 (a) (2).
Inheritance taxes paid to state, territory, or

District of Columbia, § 813 (b).

Legacy taxes paid to state, territory, or District
of Columbia, § 813 (b).

Refund based on credit, § 813 (b) (2).
Succession taxes paid to state, territory, or Dis-
trict of Columbia, § 813 (b).

Deductions from gross estate, § 812.
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).

ESTATE TAX-Cont.

Citizens or residents of United States-Cont.
Deductions from gross estate-Cont.

Indebtedness in respect to 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).

Public purpose, § 812 (d).

Religious purposes, § 812 (d).

Scientific purposes, § 812 (d).

Support of dependents, § 812 (b) (5).

Unpaid mortgages, § 812 (b) (4).

Determination of estate tax, § 824.

Discharge of executor from personal liability,
§ 825.

Application for discharge, § 825 (a).
Estate tax returns, § 821.

By beneficiaries, § 821 (a) (2).

By executor, § 821 (a) (1).

Examination of, § 824.

Place for filing, § 821 (c).

Records, statements, and returns, § 821 (d).
Time for filing, § 821 (b).
Executor's notice, § 820.
Gross estate, § 811.

Community property, §§ 811 (d) (5), 811 (e)
(2).

Contemplation-of-death transfers, §§ 811 (c),
811 (d) (5).

Curtesy, § 811 (b).

Decedent's interest, § 811 (a).

Dower, 811 (b).

Estate in lieu of dower or curtesy, § 811 (b).
Joint and community interests, § 811 (e).
Community interests, § 811 (e) (2).
Joint interests, § 811 (e) (1).
Optional valuation, § 811 (j).
Prior interests, § 811 (h).

Powers of appointment, § 811 (f).

Date of existence of power, § 811 (f) (3).
Definition, § 811 (f) (2).

Descendant defined, § 811 (f) (2) (A).
Spouse defined, § 811 (f) (2) (A).

In general, § 811 (f) (1).

Proceeds of life insurance, § 811 (g).

Community property, § 811 (g) (4).

Incidents of ownership defined, § 811 (g) (2),
(4).

Receivable by executor, § 811 (g) (1).

Receivable by other beneficiaries, § 811 (g)
(2).

Relinquishment of power in contemplation of
death, § 811 (d) (4).

Revocable transfers, § 811 (d).

After June 22, 1936, § 811 (d) (1).

Date of existence of power, § 811 (d) (3).
On or prior to June 22, 1936, § 811 (d) (2).
Taking-effect-at-death transfers, § 811 (c).
Transfers for insufficient consideration, § 811

(i).

ESTATE TAX-Cont.

Citizens or residents of United States-Cont.
Miscellaneous provisions, § 840.
Net estate defined, § 812.
Notice of executor, § 820.
Payment of estate tax, § 822.
Duplicate receipts, § 823.

Executor liable for payment, § 822 (b).

Extension of time, § 822 (a) (2).

Time of payment, § 822 (a) (1).
Rate of tax, § 810.

Returns, § 821.

Special classes of residents, § 850.
Citizens with estates in China, § 851.
Missionaries in foreign service, § 850.
Resident defined, § 851.

Claims for refunds

Effect of petition to Board, § 911.
Overpayment found by Board, § 912.
Period of limitations, § 910.
Classification of provisions, § 801.
Collector defined, § 930 (d).

Credit for state death taxes, § 927.
Decedents, deductible by, § 126 (c).
Defense tax for 5 years, § 951.
Deficiency of estate taxes, § 870.
Claims in abatement, § 873.
Definition of deficiency, § 870.
Jeopardy assessments, § 872.

Amount assessable after decision of Board,
§ 872 (d).

Amount assessable before decision of Board,
§ 872 (c).

Authority to make, § 872 (a).

Bond to stay collection, § 872 (f).
Collection of unpaid amounts, § 872 (i).

Deficiency letters, § 872 (b).

Expiration of right to assess, § 872 (e).

Waiver of stay, § 872 (h).

Procedure in estate tax deficiencies, § 871.
Collection of deficiency found by Board, § 871

(b).

Extension of time for payment of deficiency,
§ 871 (h).

Failure to file petition, § 871 (c).

50% addition treated as deficiency, § 871 (i).
Final decision of Board, § 871 (g).

Further deficiency letters restricted, § 871 (f).
Increase of deficiency after notice mailed, § 871

(e).

Petition to Board, § 871 (a) (1).

Waiver of restrictions, § 871 (d).

Determination of, § 824.

Estate tax returns, §§ 821, 864.

Publicity, 938.

Executor defined, § 930 (a).
Interest. See "Interest."

Deficiencies, §§ 891, 893 (b).

Jeopardy assessment, §§ 892, 893 (b) (4).
Time for payment extended, §§ 890 (b), 893
(b) (3).

Tax shown on return

Delinquency in payment, § 893 (a) (1).

Time for payment extended, §§ 890 (a), 893
(a) (2).

ESTATE TAX-Cont.

Jurisdiction of Board

Deficiencies, § 871 (a).
Overpayments, § 912.
Month defined, § 930 (c).

Net estate defined, §§ 812, 861, 930 (b).
Nonresident aliens, § 860.

Deductions from gross estate, § 861 (a).
Charitable purposes, § 861 (a) (3).

Condition of allowance of deductions, § 861 (b).
Educational purposes, § 861 (a) (3).
Exemption, § 861 (a) (4).

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).

Estate tax returns, § 864.

By beneficiary, § 861 (a) (2).
By executor, § 861 (a) (1).

Place for filing, § 864 (c).

Time for filing, § 864 (b).

Net estate, § 861.

Property within United States, § 862.

Contemplation-of-death transfers, § 862 (b).
Revocable transfers, § 862 (b).

Stock in domestic corporation, § 862 (a).
Property without United States, § 863.
Bank deposits, § 863 (b).

Proceeds of life insurance, § 863 (a).

Rate of tax, § 860.

Notice of fiduciary relationship, § 901.

Address for notice of liability, § 901 (d).

Fiduciary or decedent, § 901 (a).
Fiduciary or transferee, § 901 (b).
Manner of notice, § 901 (c).

Payment of estate tax, §§ 822, 920.

To clerk of United States Court for China, § 920
(a).

Authority of clerk to act as collector, § 921.

To collector, § 920 (b).

Penalties, 894.

See "Penalties.''

Ad valorem, § 894 (a).

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ESTATE TAX-Cont.

Statute of limitations, etc.-Cont.
General rule, § 874 (a).

No return filed, § 874 (b) (1).
Suspension of running of statute, § 875.
Transferee defined, § 900 (e).
Transferees and fiduciaries
Transferred assets, § 900.

Method of collection, § 900 (a).
Fiduciaries, § 900 (a) (2).
Transferees, § 900 (a) (1).
Period of limitations, § 900 (b).

Prohibition of suits to restrain enforcement of

liability of, § 900 (d).

Suspension of statute of limitations, § 900 (c),
Transferee defined, § 900 (e).

ESTATE TAX RETURNS

Citizens or residents of United States, § 821.
By beneficiaries, § 821 (a) (2).
By executor, § 821 (a) (1).

Examination of, § 824.

Place for filing, § 821 (c).

Records, statements, and returns, § 821 (d).
Time for filing, § 821 (b).

False return, limitations, § 874 (b) (1).
None filed, limitations, § 874 (b) (1).
Nonresident aliens, § 864.

By beneficiary, § 861 (a) (2).
By executor, § 861 (a) (1).
Place for filing, § 864 (c).
Time for filing, § 864 (b).
Penalties. See "Penalties.''
Publicity, § 938.

ESTATES AND TRUSTS

Amortization deduction, § 172.

Beneficiary with different taxable year, § 164.
Common trust funds, § 169.

Admission, § 169 (e).

Computation of income, § 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).
Withdrawal, § 169 (e).

Credits against net income, § 163.

Credits for foreign taxes, § 131 (a) (4).

Credits for taxes of possessions of United States,
§ 131 (a) (4).

Deductions from victory tax gross income, § 451
(a) (13).

Employees', § 165.

Beneficiary, taxability, § 165 (b).

Beneficiary not exempt, § 165 (c).

Exemption from tax, § 165 (a).

Foreign personal holding company income, § 332 (d).
Imposition of tax, § 161.

Application of tax, § 161 (a).

Computation and payment, § 161 (b).
Income for benefit of grantor, § 167.

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EXCESS PROFITS TAX RETURNS

Consolidated, §§ 141, 729 (b) (3), 730.
None required, § 729 (b) (2).

EXCESS PROFITS TAX UNDER CHAPTER 2 E
Deductibility from gross income, § 23 (c) (2).

EXCESS PROFITS TAXES

Abnormalities in income in taxable period, § 721.
Abnormal income defined, § 721 (a) (1).

Abnormal income from exploration, etc., § 721
(f).

Amount attributable to other years, § 721 (b).
Application of section 721, § 721 (e).
Computation of tax for current taxable year, § 721
(c).

Computation of tax for future taxable years,
§ 721 (d).

Net abnormal income defined, §§ 721 (a) (3),
(e) (1).

721

Separate classes of income defined, § 721 (a) (2).
Adjusted excess profits net income means
Excess profits net income minus

Excess profits credit, § 710 (b) (2).
Specific exemption, § 710 (b) (1).

Unused excess profits credit, § 710 (b) (3).
Adjustment where position inconsistent with prior
liability, § 734.

Ascertainment of amount of adjustment, § 734
(d).

Burden of proof, § 734 (b) (3).

Circumstances of adjustment, § 734 (b).

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

Computation of excess profits credits, § 729 (b) (1).
Consolidated returns, § 730.

Affiliated group defined, § 730 (d).

Computation and payment of tax, § 730 (c).

Includible corporation defined, § 730 (e).

Includible insurance companies, § 730 (f).

Privilege to file, § 730 (a).

Regulations, § 730 (b).

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EXCESS PROFITS TAXES Cont.

Equity invested capital-Cont.
New capital, § 718 (a) (6).

Deficit in earnings and profits of another cor-
poration, § 718 (a) (7)

Definition, § 718 (a) (6).

Distributions out of pre-1941 earnings and
profits, 718 (a) (6) (F).

Increase in inadmissible assets, § 718 (a) (6)
(D).

Maximum allowable, § 718 (a) (6) (E).
Property paid in, § 718 (a) (2).

Reduction in equity invested capital, § 718 (b).
Deficit in earnings and profits transferred to
another corporation, §§ 718 (b) (5), 718
(c) (5).

Distributions during year, § 718 (b) (2).
Distributions in previous years, § 718 (b) (1).
Distributions to shareholders, § 718 (c) (1).
Computation of earnings and profits, § 718
(c) (3).

Definition, § 718 (c) (1):

During first sixty days of year, § 718 (c) (2).
Due to loss on tax free liquidation, § 718 (b)
(4).

Earnings and profits of another corporation,
§ 718 (b) (3).

Reserves of insurance company, § 718 (f).

Stock in case of merger or consolidation, § 718
(c) (4).

Equity invested capital in special cases, § 723.
Corporations in general, § 723 (a).

Mutual insurance companies other than life or
mutual, § 723 (b).

Excess profits credit allowance, § 712.

Domestic corporation, § 712 (a).
Effect of disclaimer, § 712 (c).
Foreign corporation, § 712 (b).

Rule in certain reorganizations, § 712 (d).
Excess profits credit based on income, § 713.

Base period, § 713 (b).

Average base period net income, § 713 (d).
Definition, § 713 (d) (1).

General average, § 713 (e).

Increased earnings in last half, § 713 (f).
Deficit in excess profits net income, § 713 (c).
Definition, § 713 (b) (1).

Division into halves, § 713 (b) (2).
Taxable years, § 713.

Adjustments due to capital changes, § 713 (g).
Affiliated corporations, § 713 (g) (5).
Daily capital addition, defined, § 713 (g) (3).
Daily capital reduction, § 713 (g) (4).
Excluded capital defined, § 713 (g) (3).
Net capital addition, defined, § 713 (g) (1).
Net capital reduction, defined, § 713 (g) (2).

Amount, § 713 (a).

Domestic corporation, § 713 (a) (1).
Foreign corporation, § 713 (a) (2).
Limitation in amount, § 713 (f) (7).

Excess profits credit based on invested capital, § 714.
Excess profits net income of base period, § 711 (b).
Definition, § 711 (b) (1).

Excess profits credit under income basis, § 711 (b)
(1).

EXCESS PROFITS TAXES Cont.

Excess profits net income of base period-Cont.
Excess profits credit under income basis-Cont.
Adjustments to normal tax and special class net
income

Abnormal deductions, § 711 (b) (1) (J), (K).
Capital gains and losses, § 711 (b) (2).
Casualty, demolition, etc., losses, § 711 (b)
(1) (E).

Deductions on account of retirement or dis-
charge of bonds, etc., § 711 (b) (1) (D).
Dividends received, § 711 (b) (1) (G).
Gains and losses, from capital assets, § 711
(b) (1) (B).

Income from retirement or discharge of bonds,
etc., § 711 (b) (1) (C).
Income taxes, § 711 (b) (1) (A).
Intangible drilling and development costs,
§ 711 (b) (1) (I), (K).

Payment of judgments, etc., § 711 (b) (1)
(H), (K).

Repayment of processing taxes to vendees,

§ 711 (b) (1) (F).

Excess profits net income of taxable year, § 711 (a).
Definition, § 711 (a).

Excess profits credit under income basis, § 711 (a)
(1).

Adjustments to normal tax net income

Charitable, etc., deductions, § 711 (a) (1)
(G).

Dividends received, § 711 (a) (1) (F).

Gains and losses from capital assets, § 711
(a) (1) (B).

Income from retirement or discharge of bonds,
etc., § 711 (a) (1) (C).
Industries with depletable resources, § 711

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Dividends received, § 711 (a) (2) (A).
Gains and losses from capital assets, § 711 (a)
(2) (D).

Income from retirement or discharge of
bonds, etc., § 711 (a) (2) (E).

Income subject to excess profits tax, § 711
(a) (2) (C).

Industries with depletable resources, § 711
(a) (2) (K).

Interest, § 711 (a) (2) (B).

Interest on government obligations, § 711 (a)
(2) (G).

Life insurance companies, § 711 (a) (2) (J).
Net operating losses, § 711 (a) (2) (L).
Recoveries of bad debts, § 711 (a) (2) (H).
Refunds and interest on A. A. A. taxes, § 711
(a) (2) (F).

Fractional years, § 711 (a) (3).
Exception, § 711 (a) (3) (B).
General rule, § 711 (a) (3) (A).

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