PROBLEM NUMBER Installments, time for paying tax Invested capital cannot be determined in ordinary method Personal service, filing return Receivers of, filing return 199 324 222 224 Returns filed by, availability to stockholders 273 Cost inventories, method of computing 35 Cost or market, whichever is lower, inventories, method of com- puting 35 Credits against net income for computing normal tax fiscal per- iod 219 Credits Corporations, net income slightly exceeds $25,000 220 Requirement for allowance of 186 Taxes paid to a possession of U. S. by resident of U. S. 180 Where taxpayer files return for fiscal year ending in 1921 187 Debenture bonds, invested capital 302 Deductions Banks, items written down by order of Federal or other authori- Obligations of the U. S. issued after Sept. 24, 1917 Depletion allowance, lessor and lessee, bonus or advanced royalty. 129 5 .120, 122 Apportionment over units of production, economic life of prop- Dividends PROBLEM NUMBER 124 125 123 121 135 153 Credits against net income, illustrated Credits allowed domestic corporations receiving dividends from Effect on invested capital Invested capital adjustment When paid in first 60 days of taxable year Nonresident alien Dividends, taxability Cash dividends payable out of depletion reserve Cash dividends paid out of earnings accumulated in part prior cumluated 185 318 319 147 161 8 Prior to March 1, 1913 Subsequent to Feb. 28, 1913 but prior to Jan. 1, 1918 3 Subsequent to Dec. 31 1917 but prior to Jan. 1, 1922 Subsequent to Dec. 31, 1921 3 Paid in Liberty Bonds 4 Paid in one calendar year, received in succeeding year 13 Received in one year, distributed from earnings accumulated in prior years 12 Stock dividends Taxable profit on sale of stock where stock dividend involved . Dividends received by corporations, deductibility Dividends received as salaries, deductibility by corporations Dues, deductibility from gross income "Net Loss," deductibility, as against taxable income of later 39 Estate of decedent date of written request by executor Credit (Commissioner required to determine tax within one year from Evasion of surtaxes by incorporation Evidences of indebtedness, invested capital 253 174 304 ... 285 Fiscal year ending 1922 334 334 Fractional part of year Income derived partly from mining of gold, 1921 Income exceeds $10,000 from Government contracts 323 284 279 Where credit not fully absorbed in first bracket 280 281 Sale of mine Of like kind or use Return for less than full year Exchange of property, basis of determining gain or loss Not having readily realizable market value Property received, having readily realizable market value 282 336 28 25 26 32 Exempt interest, credits, Extension of time granted, when payment of tax due results in undue hardship Extension of time, payment of additional tax Tax paid within extension period Tax not paid within extension period Failure to file return Assessment of taxes due, collection by suit PROBLEM NUMBER Authority of Internal Revenue Bureau 251 Failure to collect tax, penalty 268 Failure to make return, penalty 268 Failure to pay tax, penalty 268 Failure to supply information required, penalty 268 Fair market value of assets as of March 1, 1913, invested capital Federal Income Tax, payment of, for previous year, invested capital. 316 Attorney, prosecution for illegal sale of drugs 141 Paid for services in securing reduction of assessment for street Foreign corporation, no place of business in U. S. Adjustments for payments of tax prior to passage of 1921 Act . Fiscal year ending in 1922, corporations, consolidated returns 230 Five-year limitation does not apply PROBLEM NUMBER Assessment additional tax, deductions tentatively allowed .... 255 Bondholders' purchase of property and subsequent transfer to new corporation for its capital stock Excess-profits tax, factors governing selection of representative 311 232 325 2 161 330 225 216 159 162, 163 221 292 Receives income from investment in stock and bonds in U. S. .. 73 Case where taxpayer files return for fiscal year ending in 1921. 187 Foreign taxes, deductibility, corporation and individual 102 100 Liability Fraternity beneficiary societies, orders, etc., exemption Assessment of taxes due, collection by suit Gain or loss, basis for determining Bequest, property acquired by Prior to March 1, 1913 205 254 250 .19, 20, 21, 22 After Feb. 28, 1913 18 Corporate reorganization Exchange of stock .25, 26 29 Exchanging stock for stock, no gain or loss recognized by 17 |