PERSONAL PROPERTY-Cont.

Dealers in, installment basis, § 44 (a).

Levy, § 3692.

Priority of specific tax liability on distrained prop-
erty, § 3694.

Proceedings on distraint, § 3693.

Property exempt from distraint, § 3691.

Property on account of United States, § 3695.
Redemption of property, § 3696.

PERSONAL SERVICE CONTRACTS

Income personal holding company income, § 502 (e).
PERSONAL SERVICE CORPORATIONS

Corporation income taxed to shareholders, § 394.
Amount included in gross income, § 394 (b).
Basis of stock in hands of shareholders, § 394 (e).
Credit for obligations of United States and in-
strumentalities, § 394 (c).

Effect on capital account, § 394 (d).
General rule, § 394 (a).

Period of limitation on assessment and collection,
§ 394 (f).

Distributions by, § 115 (e).
Dividends by, § 115 (e).
Excess profits taxes, § 725.
Foreign corporations, § 395.

Foreign personal holding company income, § 332

By reason of war, § 3804.
Exceptions, § 3804 (d).

Generally, § 3804 (a), (b), (c).

POST-WAR CREDIT OR REFUND OF VICTORY
TAX

Allowance of credit, § 454 (a).

Dependents, § 454 (a) (3).

Head of a family, § 454 (a) (2).

Married person living with husband or wife, § 454
(a) (2).

Married person not living with husband or wife,

§ 454 (a) (1).

Single person, § 454 (a) (1).
Change of status, § 454 (b).
Limitation on credit, § 454 (e).
Period of limitation, § 454 (d).

Status of Supplement T taxpayer, § 454 (c).
POST-WAR REFUND OF EXCESS PROFITS TAX
Bonds purchased for credit, § 780 (b).

Exemption of proceeds from tax, § 780 (d).

Date of cessation of hostilities in the present war
defined, § 780 (e).

Debt retirement credit results in reduction, § 783
(c).

In general; § 780 (a).

Regulations, § 782.

Special rules for application of Section 780, § 781.
Effect of deficiencies, § 781 (a).

Effect of refunds, § 781 (b).

Limitation on amount of refund, § 781 (d).

Tax payments after cut off date, § 781 (c).

Tax imposed under this subchapter defined, § 780

(a).

PRECEDING CALENDAR YEARS

Definition, § 1001 (b).

PREDECESSOR OF THE TAXPAYER

Defined, § 734 (a) (4).

PREFERENTIAL DISTRIBUTION

Definition, § 28 (a) (6).

PREFERRED DIVIDENDS

Definition, § 28 (a) (2).
Taxability, § 27 (h).

PREFERRED STOCK

Certain corporations, deduction of dividends paid,
§ 121.

Definition, § 26 (h) (2).

PREMIUMS

Amortizable bond, § 125.

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

Insurance companies other than life or mutual,

§ 204 (b) (5).

Life insurance, § 453 (a) (1).

PRESUMPTION FROM MARGINS

Unjust enrichment tax, §§ 700 (e), 700 (g).
Rebuttal, 700 (i).

PREVENTION OF CRUELTY TO CHILDREN OR

ANIMALS ORGANIZATIONS

Exempt from income tax, § 101 (6).

PRIOR INCOME TAX LIABILITY

See "Adjustment Where Prior Income Tax Posi-
tion Inconsistent.''

PRIOR INTERESTS

Gross estate, § 811 (h).

PRIOR TAX

Definition, § 22 (b) (12) (B).

PRIOR TAXABLE YEAR

Definition, § 734 (a) (3).

PRIOR TAXES RECOVERED

Exclusion from gross income, § 22 (b) (12).
PROCEDURE

Board of Tax Appeals. See "Tax Court of the
United States.'

Tax Court of the United States. See "Tax Court
of the United States.' 99

PROCEEDS OF LIFE INSURANCE

Gross estate, § 811 (g).

PROCESSED

Definition, § 119 (f).

PRODUCED

Definition, § 119 (f).

PRODUCER

Definition, § 735 (a) (1).

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

Acquired by railroad corporation, § 113 (a) (20).
Acquired by state, suburban, or interurban electric
railway corporation, § 113 (a) (21).

Acquired during affiliation, § 113 (a) (11).

Acquired in exchange or distribution under order of
S. E. C., § 113 (a) (17).

Gifts made in, gift taxes, § 1005.
Improvements by lessee, § 113 (c).
Lien for estate taxes, § 827.
Previously taxed, § 812 (c).

Received by a corporation on complete liquidation

of another, § 113 (a) (15).

Sale to pay estate taxes, § 826 (a).

Received in certain corporate liquidations, § 113

PUBLICITY OF RETURNS Cont.

Inspection by shareholders, § 55 (c).

Inspection by state bodies or commissions, § 55 (b)

(2).

Inspection by state officers, § 55 (b) (1).

Inspection in collector's office of list of taxpayers,

§ 55 (e).

Penalties for disclosing information, § 55 (f).
Federal employees, § 55 (f) (1).

Shareholders, § 55 (f) (3).

State employees, § 55 (f) (2).

Public records and inspection, § 55 (a).

R

RAILROAD CORPORATION

Property acquired by, § 113 (a) (20).

RAILROAD REORGANIZATIONS

Loss on, § 112 (b) (9).

RATES OF TAX

Alternative tax on corporations, § 13 (b).
Banks and trust companies, § 104 (b).
Capital stock tax, § 1200.

Citizens of certain foreign countries, § 103.

Corporation improperly accumulating surplus, § 102
(a).

Corporations of certain foreign countries, § 103.
Declared value excess profits tax, § 600.

Effective for two taxable years, § 15.

Estate tax, §§ 810, 860, 935.

Excess profits tax, § 710 (a).

Foreign corporations, § 14 (c).

Gift tax, § 1001 (a).

Gross income $3000 or less, § 400.

Insurance companies, §§ 201 (a), 204 (a), 207 (a).
Normal tax on corporations, § 13 (b).

Normal tax on individuals, § 11.

Normal tax on special classes of corporations, § 14
(a), § 14 (b).

Surtax on corporations, § 15 (b).

Surtax on individuals, § 12 (b).

Unjust enrichment, § 700 (a).

REAL ESTATE

Distraint, § 3700.

Certificates of purchase, § 3703.

Deed of sale, § 3704.

RECAPITALIZATION

Gain or loss, § 112 (g).
RECEIPTS

Employees, §§ 1625, 1626.
Estate taxes, § 823.
General, 3659.

Gift taxes, § 1008 (e).
Income taxes, § 56 (h).
Victory taxes, § 469.
RECEIVERSHIPS

See "Bankruptcy and Receivership."

RECIPROCAL TAX

Citizens and corporations, § 103.

RECOGNITION

Gain or loss, § 112.

RECORDS

See "Books and Records.''

RECOVERY

Bad debts, § 22 (b) (12).
Prior taxes, § 22 (b) (12).
Unconstitutional taxes, § 22 (b) (12).
War losses, & 127 (c).

RECOVERY EXCLUSION

Definition, § 22 (b) (12) (D).
RECREATION CLUBS

Exempt from income tax, § 101 (9).
REDEMPTION

Bonds, §§ 22 (b) (9), 113 (b) (3).
Personal property from distraint, § 3696.
Real estate from distraint, § 3702.
Stock, § 115 (g).

REFUND OR CREDIT

Definition, 8 700 (j) (3).

REFUNDS AND CREDITS

Erroneous, § 3774.

Excess of $500, § 3776.

Excess of $75,000, § 3777.

Federal excise tax, § 700 (a) (3).

Period for filing claim expired, § 3774 (a).

Period for filing suit expired, § 3774 (b).

REFUNDS AND CREDITS OF INCOME TAXES

Authorization, § 322 (a).

Credits against estimated tax, § 322 (a) (3).
Effect of petition to Board, § 322 (c).
Excessive withholding, § 322 (a) (2).
Limitation on allowance, § 322 (b).

Exceptions in case of waivers, § 322 (b) (3).
Limit on amount, § 322 (b) (2).

Period of limitation, § 322 (b) (1).

Return considered filed on due date, § 322 (d)
(4).

Special period with respect to

Bad debts, § 322 (b) (5).

Worthless securities, § 322 (b) (5).
Overpayment found by Board, § 322 (d).
Overpayments, § 322 (a) (1).

Installments, § 321.

Personal holding company deficiency paid, § 506.
Presumption as to date of payment, § 322 (e).
Tax withheld at source, §§ 143 (f), 322 (f).
Victory tax, § 466 (f).

REFUNDS, CREDITS, AND ABATEMENTS

Authority to make, § 3770.

After statute of limitations has run, § 3770 (a)
(2).

Collector authorized if amount $1000 or less,
§ 3770 (a) (4).

Collectors and officers to pay judgments against,
§ 3770 (b).

Date of allowance, § 3770 (a) (3).
Generally, § 3771 (a) (1).

Credits after statute of limitations expired, § 3775.
Period against taxpayer, § 3775 (b).

Period against United States, § 3775 (a).
Interest on judgments, § 3773.
Interest on overpayments, § 3771.

Additional assessment defined, § 3771 (c).
Bad debts involved, § 3771 (d).

Carry-back of loss or credit, § 3771 (e).
Estimated tax, § 3771 (f).

Period, § 3771 (b).

Credits, § 3771 (b) (1).

Refunds, § 3771 (b) (2).

Rate, § 3771 (a).

Tax withheld at source, § 3771 (f).

Worthless securities involved, § 3771 (d).

Refunds after statute of limitations expired,
§ 3774.

Period for filing claim expired, § 3774 (a).
Period for filing suit expired, § 3774 (b).
Refunds in excess of $500, § 3776.
Refunds in excess of $75,000, § 3777.

Commissioner to Joint Committee, § 3777 (a).
Joint Committee to Congress, § 3777 (b).

Suits for refund, § 3772.

Statute of limitations, § 3772 (a).

Claim, § 3772 (a) (1).

Protest or duress, § 3772 (b).

Reconsideration after mailing of notice, § 3772
(a) (3).

Suits against collector bar in other suits, § 3772
(d).

Time, § 3772 (a) (2).

REGISTERED HOLDING COMPANY

Definition, § 373 (b).

REGULATED INVESTMENT COMPANIES

Controlled group defined, § 361 (b) (3).
Controls defined, § 361 (b) (3).
Definition, § 361.

Surtax on, § 363.

Rates of tax, § 363 (b).

Supplement Q surtax net income defined, § 363
(a).

Tax on, § 362.

Earnings and profits, § 362 (a).

Method of taxation of companies and shareholders,
§ 362 (b).

Value defined, § 361 (b) (3).

REGULATIONS

Consolidated returns, § 141 (b).
Excise taxes, § 3450.

Gift taxes, § 1029.
Income taxes, § 62.
Retroactive, § 3791.

RELEASE

Lien for taxes, § 3673.
RELIEF

See "General Relief From Excess Profits Taxes."
RELIGIOUS ASSOCIATIONS ENGAGING IN BUSI-
NESS

Exempt from income tax, § 101 (18).
RELIGIOUS CONTRIBUTIONS

See "Charitable, etc., Contributions.''
RELIGIOUS ORGANIZATIONS

Exempt from income tax, § 101 (6).

REMAINDERMEN

Amortization deduction, § 124 (i). 1
REMUNERATION

Information as to amount paid, § 147 (a).
RENEGOTIATION OF WAR CONTRACTS

Credit against repayment on account of, § 3806 (b).
Credit for barred year, § 3806 (b) (2).

Credit in lieu of other credit or refund, § 3806 (c).
General rule, § 3806 (b) (1).

Interest, § 3806 (b) (3).

Reduction for prior taxable year, § 3806 (a).
Deduction disallowed, § 3806 (a) (3).

Exception, § 3806 (a) (4).

Excess profits taxes eliminated, § 3806 (a) (1).
Reduction of reimbursements of prior taxable
year, § 3806 (a) (2).

RENTAL HOUSE CORPORATIONS

Rates, 13 (g).

RENTAL VALUE OF REAL ESTATE

Life insurance companies, § 201 (d).

Mutual insurance companies other than life or
marine, § 207 (c).

RENTS

Foreign personal company income, § 322 (g).
Information as to amount paid, § 147 (a).