143 Materials used by absconded contrator left unpaid Premium on employees' life insurance policy where taxpayer is 150 beneficiary 151 149 140 246 161 175 81 ness in U. S. Losses and expenses, deductibility Individual, losses by fire Interest taxability, received by individual not engaged in busi- Sale of personal property Produced in part within U. S. completed and sold without 112 159 162, 163 164 Produced in whole by taxpayer without and sold within U. S. Organization of corporation after March 3, 1917 to take over net Parent-child relationship, Class A, consolidated returns Partnership 266 265 297 227 Capital net gain, taxability Filing return Liability ... 54 193 Time and place Net loss, deductibility, against taxable income of later years Partnership business, tax liability Partnership income, taxability, on partner's income Payment of additional tax, extension of time Tax not paid within extension period Tax paid within extension period capital Payment of excess-profits tax for previous year, effect on invested Payment of interest and dividends on foreign items Returns of information at source Payments of salaries, etc. over $1,000 Returns of information at source PROBLEM NUMBER 198 38 169 167 169 261 260 316 272 271 Payment of tax due Extension of time when payment results in undue hardship .... 259 Tax not paid upon notice from collector, but paid prior to dis- Purchased in foreign country, sold in U. S. by individuals in Philippine Islands, assessment of income tax Political subdivisions, public utility income accruing to Taxability of income of U. S. citizen residing and employed in, . 278 166 .164, 165 .1, 2 3 222 46 171 170 277 75 277 Profits tax, assessment by comparison with representative concerns 326 PROBLEM NUMBER Foreign corporations 325 Mixed aggregate of tangibles and intangibles paid in for stock 327 When Commissioner is unable to determine invested capital in 324 Property, appreciation of, excluded from invested capital 298 123 Public utility, gross income accruing to political subdivision 75 Rates of tax Domestic life insurance companies 233 Foreign insurance companies, 1922 244 Foreign life insurance companies 234 Period less than 12 months including part of two calendar years 197 Refunds, Federal income tax, not included in gross income 266 66 Religious organizations, exemption Removal of buildings, voluntary, loss deductibility Rental, assessments paid by tenant or lessee Rental value of dwelling house to minister of gospel 208 118 .96, 97 79 Repairs to leased property, deductibility Reporting income, mutual marine insurance companies Residential property, sale of, profit Exchange of stock, gain or loss Exchange of stock, no gain or loss recognized by parties Interest less than 50% remains in same persons Representative corporations, factors governing selection of Repurchase within 30 days after Nov. 23, 1921, of property sub- tantially identical to property sold Reserve for dividends, life insurance companies, deductibility Reserves, life insurance companies, deductibility Residential property, sale of, loss Restoration to invested capital Amounts previously written off to intangible property Amounts previously written off to tangible property Return, not required, individual Return required Individual 27 29 331 332 82 215 330 31 238 236 109 62, 63 306 305 149 189 190 Payment of dividends 269 Returns, accounting period changed Returns. See "Filing returns." Returns filed by corporations, availability to stockholders Returns to brokers Returns of information at source Payment of salaries, etc. over $1,000 60 273 ... 270 271 Payment of interest and dividends on foreign items In form of contingent compensation Not deductible, part payment for property PROBLEM NUMBER 272 262 129 92 91 271 93 296 336 Over $1,000, returns of information at source Paid in lieu of dividends, corporations, deductibility Sale of capital stock above or below par, invested capital Sale of personal property, nonresident alien Produced in part within U. S., completed and sold without Produced in whole by taxpayer without and sold within U. S. Repurchased after passage of Revenue Act of 1921 .... 105, 106, 107 108 Selection of representative corporations, factors governing 330 Separate returns, corporations, taxable years beginning Jan. 1, Commissioner unable to determine invested capital in ordi- Corporations entitled to benefits of section 262 Factors governing selection of representative concerns Mixed aggregate of tangibles and intangibles paid in for stock Profits tax assessed under sections 327 and 328 324 326 330 325 329 327 Abnormal conditions affecting invested capital, current Stock distributed to employees for services rendered, invested 299 Stock or foreign corporations, inadmissible assets 292 Stock or shares, no par value, value for invested capital PROBLEM NUMBER Tangible property Restoration to invested capital, amounts previously written Tax off .... Assessments for local benefits paid by lessee Corporations, capital net gain included in 1922 income Period less than 12 months Credits for tax Paid to foreign country by alien resident of U. S. Deductibility Paid to possession of U. S. by resident of U. S. Capital stock Club dues 314 305 .96, 97 53 55 .196, 197 181 180 100 101 Not paid upon notice from collector, but paid prior to distraint and sale of property 257 Not withheld at source, nonresident alien 179 Paid on tax-free bonds, not deductible by obligor 99 Stock, deductibility, paid by corporation not reimbursed by Theft, deductibility, where partly covered by insurance |