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GAIN OR LOSS

G

Adjusted basis of property, § 113 (b).
Amount realized, § 111 (b).

Basis established by Revenue Act of 1932, § 113
(a) (12).

Basis established by Revenue Act of 1934, § 113 (a)
(16).

Capital gains and losses on short sales, § 117 (g).
Computation of, § 111 (a).

Determination of amount of, § 111.

Discharge of indebtedness, § 113 (b) (3).
Disposition of installment obligations, § 44 (d).

Exchanges and distributions under orders of S. E.
C., §§ 371, 372.

Basis for, § 372.

Non-recognition, § 371.

Gift before January 1, 1921, § 113 (a) (4).

Gifts after December 31, 1920, § 113 (a) (2).

Installment sales, § 111 (d).
Inventories, § 113 (a) (1).

Involuntary conversion, § 113 (a) (9).
Partnerships, § 113 (a) (13).

Property acquired as paid-in surplus, § 113 (a) (8).
Property acquired before March 1, 1913, § 113 (a)
(14).

Property acquired by issuance of stock, § 113 (a)
(8).

Property acquired by railroad corporation, § 113
(a) (20).

Property acquired by shareholder in corporation,
§ 113 (a) (19).

Property acquired by state, suburban, or inter-
urban electric railway corporation, § 113 (a)
(21).

Property acquired during affiliation, § 113 (a) (11).
Property acquired in exchanges and distributions
under orders of S. E. C., § 113 (a) (17).
Property on which lessee has made improvements,
§ 113 (c).

Property received by corporation on complete
liquidation of another, § 113 (a) (15).
Property received in certain corporate liquidations,
§ 113 (a) (18).

Property transmitted at death, § 113 (a) (5).
Recognition of, §§ 111 (c), 112.

Assumption of liability not recognized, § 112 (k).
Definition of control, § 112 (h).

Definition of party to a reorganization, § 112 (g)
(2).

Definition of reorganization, § 112 (g) (1).
Exchanges not solely in kind

Gain, § 112 (c), (d).

Loss, § 112 (e).

Exchanges solely in kind, § 112 (b).

Exchanges and distributions under orders of S.

E. C., § 112 (b) (8).

Loss not recognized on certain railroad reor-
ganizations, § 112 (b) (9).

Property held for productive use or investment,
§ 112 (b) (1).

Property received by corporation on complete
liquidation of another, § 112 (b) (6).

Stock for stock of same corporation, § 112 (b)
(2).

GAIN OR LOSS-Cont.

Recognition of-Cont.

Exchanges solely in kind-Cont.

Stock for stock on reorganization, § 112 (b)
(3), (4).

Transfer to corporation controlled by trans-
feror, § 112 (b) (5).

Foreign corporations, § 112 (i).
General rule, § 112 (a).

Involuntary conversions, § 112 (f).

Substituted basis of property, § 113 (b) (2).

Tax-free exchanges generally, § 113 (a) (6).
Transfer in trust after December 31, 1920, § 113 (a)
(3).

Transfer in trust before January 1, 1921, § 113 (a)
(4).

Transfers to corporation, § 113 (a) (7).

Wash sales of stocks or securities, §§ 113 (a) (10),
118.

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GENERAL TRADE OR BUSINESS EXPENSES
Deductibility from gross income, § 23 (a) (1).
GIFT TAX

Abatement claim, § 1014.

Advance payment, § 1008 (c).

Bankruptcy and receiverships, § 1015.
Immediate assessment, § 1015 (a).

Unpaid claims, § 1015 (b).

Calendar year defined, § 1030 (a).
Claim in abatement, § 1014.
Computation of tax, § 1001.
Defense tax, § 1001 (d).

Preceding calendar years defined, § 1001 (b).
Rates, § 1001 (a).

Credit against estate tax, § 813 (a) (1).
Deductions from gross gifts, § 1004.

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

Charitable, etc., gifts, § 1004 (b) (1)-(6).
Residents, § 1004 (a).

Charitable, etc., gifts, § 1004 (a) (2).
Specific exemption, § 1004 (a) (1).

GIFT TAX-Cont.

Deficiency, § 1012.

Examination of return, § 1010.
Gifts made in property, § 1005.
Imposition of tax, § 1000.

Community property, § 1000 (d).

Powers of appointment, § 1000 (c).
Residents or nonresidents, § 1000 (a).

Transfers in trust or otherwise, § 1000 (b).
Interest

Deficiencies, §§ 1021, 1023 (b).

Bankruptcy and receivership, § 1023 (b) (5).
Jeopardy assessment, § 1023 (b) (4).

Time for payment extended, §§ 1020 (b), 1023
(b) (3).

Tax shown on return

Delinquency in payment, §§ 1020 (a) (1), 1023
(a) (1).

Time for payment extended, § 1023 (a) (2).
Wilful failure to make return, etc., § 1024.
Jeopardy assessment, § 1013.

Laws made applicable, § 1028.

Lien for tax, § 1009.

Net gifts, § 1003.

Exclusions from gifts, § 1003 (b).

General definition, § 1003 (a).

Notice of fiduciary relationship, § 1026.

Fiduciary or donor, § 1026 (a).

Fiduciary or transferee, § 1026 (b).

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GIFT TAX-Cont.

Transfer for less than adequate and full considera-

tion, & 1002.

Transferees and fiduciaries

Transferred assets, § 1025.

Address for notice of liability, § 1025 (g).
Method of collection, § 1025 (a).

Fiduciaries, § 1025 (a) (2).

Transferees, § 1025 (a) (1).

Period of limitations for assessment against
donor, § 1025 (c).

Period of limitations for assessment against
transferee or fiduciary, § 1025 (b).

Suits to restrain enforcement of liability of
transferee or fiduciary, § 1025 (e).
Suspension of running of statute of limitations,
§ 1025 (d).

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Transferee defined, § 1025 (f).

GIFT TAX RETURNS

Examination of, § 1010.
False, 874 (b).

General, §§ 1006, 1007.

Publicity, 1031.

Statute of limitations, § 1016 (b) (1).

GIFTS

After December 31, 1920, gain or loss, § 113 (a) (2).
Before January 1, 1921, gain or loss, § 113 (a) (4).
Exclusion from gross income, § 22 (b) (3).
Tax. See "Gift Tax."

GOOD WILL

Deductibility of expenditures for, § 23 (a) (1) (C).
Excess profits taxes, § 733.

GOVERNMENTAL CONTRIBUTIONS

See "Charitable, etc., Contributions.'
GRANTOR

Income for benefit of, taxable to, § 167.
Revocable trust, income taxable to, § 166.
Sale between grantor and fiduciary, § 24 (b).
GROSS ESTATE

Citizens or residents of United States, § 810.
Community property, §§ 811 (d) (5), 811 (e).
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).

Exemption, §§ 812 (a), 935 (c).

Joint and community interests, § 811 (e).
Community interests, § 811 (e) (2).

Joint interests, § 811 (e) (1).

Optional valuation, § 811 (j).
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).

Prior interests, § 811 (h).

GROSS ESTATE-Cont.

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).

GROSS INCOME

Alimony, § 22 (k).
Allocation, § 45.

Commodity credit loans, § 123.

Compensation, § 22 (a).

Credits against tax not allowed, § 403.

Decedents, § 126.

Deductions from

Advertising expenses, § 23 (a) (1).

Alimony, § 23 (u).

Allowance of taxes in general, § 23 (c) (1).

Bad debts, § 23 (k).

Business expenses, § 23 (a) (1).

Capital losses, § 23 (g).

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

Charitable, etc., contributions by corporations,
§ 23 (q).

Compensation under deferred payment plan, § 23
(p).

Contributions by corporations, § 23 (q) (2).
Contributions to employees' annuity plan, § 23
(p).

Contributions to employees' trust, § 23 (p).
Corporate charitable contributions, § 23 (a) (1).
Decedents' deductions, § 23 (w).
Dental expenses, § 23 (x).
Depletion, § 23 (m).

Depreciation, § 23 (1).

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

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

Interest, § 23 (b).

Interest to co-operative apartment corporation,
§ 23 (z).

Losses by corporations, § 23 (f).
Losses by individuals, § 23 (e).

Medical expenses, § 23 (x).

Non-business debts, § 23 (k) (4).
Non-business expenses, § 23 (a) (2).
Non-trade expenses, § 23 (a) (2).

Ordinary and necessary expenses, § 23 (a) (1).
Retail sales tax, § 23 (c) (3).

Securities becoming worthless, § 23 (k) (2).
Capital loss on, § 23 (g) (2).

Securities of affiliated corporations, § 23 (k) (5).
Stock in affiliated corporation, loss on, § 23 (g)
(4).

Taxes generally, § 23 (c).

Taxes of shareholder paid by corporation, § 23
(d).

GROSS INCOME Cont.

Deductions from-Cont.

Taxes to co-operative apartment corporation, § 23
(z).

Trade or business expenses, § 23 (a) (1).
Under prior income tax acts, § 23 (p) (2).
Wagering losses, § 23 (h).
Definition, § 22 (a).

Estates and trusts, § 161.

In case of divorce, § 171 (a).
Exclusions from

Additional allowance for military and naval per-

sonnel, 22 (b) (13).

Annuities, § 22 (b) (2).

Bad debts recovered, § 22 (b) (12).
Bequests, § 22 (b) (3).

Bridges to be acquired by state or political sub-

division, § 116 (e).

Compensation for injuries or sickness, § 22 (b)

(5).

Compensation of employees of foreign governments

or of the Philippines, § 116 (h).

Certificate by Secretary of State, § 116 (h) (2).
Rule for exclusion, § 116 (h) (1).

Delinquency amounts recovered, § 22 (b) (12).
Devises, § 22 (b) (3).

Dividend from China Trade Act Corporation, § 116
(f).

Earned income from sources without United
States, § 116 (a).

Foreign resident for entire taxable year, § 116
(a) (1).

Taxable year of change of residence to United
States, § 116 (a) (2).
Gifts, § 22 (b) (3).

Improvements by lessee on lessor's property, § 22
(b) (11).

Income exempt under treaty, § 22 (b) (7).

Income from discharge of indebtedness, § 22 (b)
(9).

Income from discharge of indebtedness of railroad
corporation, § 22 (b) (10).

Income of foreign governments, § 116 (c).
Income of states, municipalities, etc., § 116 (d).
Inheritances, § 22 (b) (3).

Life insurance, § 22 (b) (1).

Ministers, rental value of dwelling house, § 22
(b) (6).

Miscellaneous items, § 22 (b) (8).

Prior taxes recovered, § 22 (b) (12).

Ship owners' protection and indemnity associa-
tions, § 116 (g).

Tax-free interest, § 22 (b) (4).

Teachers in Alaska and Hawaii, 8 116 (b).

Foreign corporations, § 231 (c).

Foreign personal holding companies, §§ 331 (a),
332, 334.

Definition, § 334 (a).

Ineligible taxpayers, § 404.

Insurance companies other than life or mutual, § 204
(b) (1).

Computation, § 206.
Inventories, § 22 (c).

Life insurance companies, § 201 (c) (1).

Mutual insurance companies other than life or ma-
rine, § 207 (b) (1) (4).
Nonresident aliens, § 212.

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Computation of highest bracket amount, § 752.
Daily invested capital of transferor, § 752 (a).
Highest bracket amount in case of two or more
exchanges same taxable year, § 752 (d).
Highest bracket amount of transferee, § 752 (c).
Taxable year of exchange involving control,
§ 752 (c) (1).

Taxable years after exchange involving control,
§ 752 (c) (2).

Taxable years after exchange not involving
control, 752 (c) (3).

Taxable years under Sec. 112 (b) (5), § 752
(c) (4).

Taxable years under Sec. 112 (b) (6), § 752
(c) (5).

Highest bracket amount of transferor, § 752 (b).
Taxable year of exchange, § 752 (b) (1).

Taxable years after exchange involving control,
§ 752 (b) (2).

Taxable years after exchange not involving
control, 752 (b) (3).

Taxable years under Sec. 115 (b) (5), § 752
(b) (4).

Control defined, § 750 (d).

Exchange defined, § 750 (a).

Exchanges of certain kinds, § 751.

Borrowed capital, § 751 (b).

Property paid in for stock, § 751 (a).

Highest bracket amount defined, § 750 (e).
Transferee upon an exchange defined, § 750 (c).
Transferor upon an exchange defined, § 750 (b).

HOLDING COMPANY SYSTEM

Definition, § 373 (b).

HORTICULTURAL ORGANIZATIONS

Exempt from income tax, § 101 (1).

HUSBAND AND WIFE

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Allocation in case of consolidated returns, § 141 (i).
Allocation of, § 45.

Computed for fractional year, § 47 (b).
Exclusions from, §§ 22 (b), 116.

Exempt under treaty, § 22 (b) (7).
Gross income, § 22.

Placed on annual basis, § 47 (c).

INCOME FROM SOURCES WITHIN AND WITH-
OUT UNITED STATES

Gross income from sources within United States,
§ 119 (a).

Compensation for personal services, § 119 (a) (3).
Dividends, § 119 (a) (2).

Interest, § 119 (a) (1).

Rents and royalties, § 119 (a) (4).

Sale of real property, § 119 (a) (5).

Gross income from sources without United States,

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INCOME TAX

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Overlapping payroll periods, § 1622 (i).

Recipient, tax paid by, § 1622 (d).

Refunds or credits, § 1622 (f).

Employees, § 1622 (f) (2).

Employers, § 1622 (f) (1).

Requirement of withholding, § 1622 (a).

Wage bracket withholding, § 1622 (c).

Withholding exemption, § 1622 (b).

Withholding exemption certificate, § 1622 (h).
Withholding on basis of average wages, § 1622

(j).

Dependent defined, § 1621 (k).

Employee defined, § 1621 (c).
Employer defined, § 1621 (d).

Governmental depositaries for payment of taxes,
§ 1631.

Head of family defined, § 1621 (j).
Liability for tax, § 1623.
Married person claiming all of the personal exemp-
tion for withholding defined, § 1621 (g).
Married person claiming half of personal exemption
for withholding defined, § 1621 (h).

Married person claiming none of personal exemption
for withholding defined, § 1621 (i).
Married person defined, § 1621 (f).
Other laws applicable, § 1627.

Payment by governmental employer, § 1624.
Payroll period defined, § 1621 (b).
Penalties, § 1626.

Additional penalty, § 1626 (b).

Failure of employer to file return, § 1626 (c).
Failure of employer to pay tax, § 1626 (c).

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