CHARITIES,

statement as to contributions to, form of, 660.

CHILDREN,

see Minors.

CLUBS,

taxable, when, 684.

COLLECTION OF TAX,

non-resident alien, distraint against property, 662.

COLLECTION OF TAX AT THE SOURCE,

annual list returns, 748.

banks, 747.

car trust certificates, 744.

employers, 748.

Form 1000, 745.

1001, 746.

1004, 746.

interest on bonds containing covenants to pay tax, 743.

lessors, 748.

monthly list returns, 748.

ownership certificates, 745.

procedure, 741.

substitute certificates, 746.

withholding on payment of bond interest, 743.

COMMISSIONS,

bonds, deductions of payments on, for sale of, 710.

payments for purchase and sale of securities, deductions for,
707.

taxable when received, 690.

COMMON-LAW TRUST,
as corporation, 674.

COMPENSATION,

board and lodging, 689.

living quarters, 689.

non-resident aliens, wages paid by residents to, 661.
state officers, 694.

CONSTRUCTIVE RECEIPT,
of income, 686.

CONTRACTING COMPANIES,
inventory, basis for, 694.
percentage of profit, 694.

CONTRACTS,

with state, 694.

CONTRIBUTIONS TO CHARITIES,
computing value of, 660.

form of statement as to, 660.

CONVEYANCES,

see Stamp Tax.

deeds of trust, liability of grantors of, 669.

COOPERATIVE DAIRIES,

exemption of, 685.

COOPERATIVE MARKETING ASSOCIATIONS,
taxable, when, 685.

CORPORATIONS,

see Exempt Corporations; Insurance Companies; Railroads;
Stamp Tax; Stock; Treasury Stock; War Excess Profits
Tax.

accounting system, 692.

car trust certificates as debt, 676.

computation of additional tax, 679.

damages recovered by, as income, 703.

definition, 673.

dissolution, tax after, 674.

expenses in sale of stock, status of, 675.

farming, returns by, 696.

nominal ownership of stock in, duties in case of, 666.

non-resident aliens, rent, salary, etc., paid to, 661.

outstanding indebtedness, what included in, 676.

records, duty to keep, 659.

reorganization, income from, 688.

return, duty to render, 659.

statements, duty to render, 659.

stock exchanged for property, how valued, 687.

stock trust certificates, status of, 678.

trustees under car trust certificates are not, 676.

amount recovered as income, 703.

judgment, recovered under, deduction for, 713.
DEBTS, DEDUCTION FOR WORTHLESS, 712.

DECEDENT'S ESTATE,

see Estates of Deceased Persons.

DEDUCTIONS,

accrued charges, 691.

accrued interest, 705, 710.

"actually paid" defined, 691.

allowances to minor children, 708.

bonds issued below par, 710.

bonus and profit sharing payments, 708.

business expenses, 706.

car trust certificates, 676.

commissions on purchase and sale of securities, 707, 710.

contributions to charities, stating details as to, 660.

cost of drawings, models and patterns, 714.

credits, what constitute, 691.

cumulation prohibited, 692.

damages, payments of, 713.

deferred dividends on insurance policies not allowed as, 680.

deficit not carried forward, 692.

depletion of oil and gas deposits as, 718.

depreciation as, 716.

destruction or disappearance of property, 712.

equipment notes issued below par, 710.

expenses,

maintenance of cemetery company, 684.
selling capital stock not, 675.

when not carried forward, 692.

farming corporations, 696.

foreign insurance companies, 681.

DEDUCTIONS-Cont.

investment of capital not deductible, 706.
judgments, loss by, 713.

life insurance premiums on policies on officers and employees,
708.

losses, 710.

not incurred in trade, 660.

mines, depletion of, 724.

municipal warrants not collectible, 689.

non-resident aliens, 663.

failing to make returns not entitled to, 663.
payments by residents to, 661.

when not entitled to, 662.

obsolescence, 714.

orchards, payments for development, 710.

"paid" defined, 691.

pension fund, contributions to, not deductible, 710.
previous year's charges not deducted, 692.

ranches, payments for development of, 710.

rent for residential property, 707.

trading stamps, redemption of, 707.

traveling expenses, 693.

voluntary destruction of property, 705.

worthless debts, 712.

DEFERRED DIVIDEND POLICIES,
included in gross income of insurer, 680.

DEFICIT,

carrying forward prohibited, 692.

DEMOLITION OF PROPERTY VOLUNTARILY,
deduction, when allowed, 705.

DEPLETION OF MINES,

deduction for, 724, 725.

deduction of allowance for, 730.

invested capital, lessee's computation of, 729.
market value, date of ascertaining, 726.
original cost basis, when used, 728.

records to be kept, 727.

valuations, 725.

DEPLETION OF OIL AND GAS DEPOSITS,

additional depreciation for machinery, etc., 722.

DISTRAINT,

non-resident alien's property subject to, 662.

DISTRIBUTEES,

liability for tax on estate, 668.

DISTRIBUTION OF INCOME,
see Income.

beneficiaries,

returns by, 672.

status of payments to, 672.

DIVERSION OF DEPRECIATION FUND, 717.

DIVIDENDS,

deferred dividend policies, status of, 680.

exempt income, received from, 699.

Federal Reserve banks, tax on dividend of, 686.

municipal bonds, interest on, 699.

nominal owners of stock, duties of, 665.

non-resident alien nominal owner of stock, tax where, 666.

payment in securities, 700.

presumed from most recent profits or surplus, 698.

profits or surplus of prior years, inclusion of, 697.

reserves for depreciation or depletion not surplus, 700.
state bonds, interest from, 699.

stock dividends, 700.

stock dividends from revaluation of assets, 702.
United States bonds, interest on, 699.