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PROBLEM 168. Illustrating Computation of Net Income of Individuals
Carrying on Business as Partnership
PROBLEM 169. Illustrating Taxation of Partners on Partnership In-
come
.
PROBLEM 170. Illustrating Liability of Individual Stockholders of a
Personal Service Corporation for 1921 .
PROBLEM 171. Illustrating Taxability of the Net Income of a Personal
Service Corporation Having a Fiscal Year Ending in
PAGE
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213
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216
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218
1922
PROBLEM 172. Illustrating Taxation of Income of Estates
PROBLEM 173. Illustrating Tax on Income of Trusts
PROBLEM 174. Illustrating Evasion of Surtaxes by Incorporation
PROBLEM 175. Illustrating Withholding of Tax-Income of Nonresi-
dent Aliens on Which Tax Is to Be Withheld at Source 220
PROBLEM 176. Illustrating Withholding of Tax-Interest Received on
Tax-Free Covenant Bonds.
PROBLEM 177. Illustrating the Reporting of and Payment of Tax
Withheld at Source
PROBLEM 178. Illustrating Method of Reporting Income Received on
Which Tax Has Been Withheld at the Source .
PROBLEM 179. Illustrating Case in Which Tax Is Paid by Recipient
on Income Received upon Which Tax Had Not Been
Withheld
PROBLEM 180. Illustrating Credit for Taxes Paid to a Possession of the
United States by a Resident of the United States
PROBLEM 181. Illustrating Credit for Taxes Paid to a Foreign Country
by an Alien Resident of the United States.
PROBLEM 182. Illustrating Limitation on Credit for Foreign Income
Taxes Paid by a Citizen of the United States
PROBLEM 183. Illustrating Credit for Foreign Income Taxes Paid by
a Domestic Corporation-1921
PROBLEM 184. Illustrating Credit for Foreign Income Taxes Paid by
a Domestic Corporation-1922
PROBLEM 185. Illustrating the Computation of the Credits Allowed a
Domestic Corporation Owning a Majority of the Vot-
ing Stock of a Foreign Corporation from Which It
Receives Dividends (Not Deductible under Sec. 234)
from Profits on Which the Distributing Company Had
Paid Foreign Income and Profits Taxes.
PROBLEM 186. Illustrating Requirements to Be Met Before Commis-
sioner Will Allow Credit on Account of Foreign In-
come Taxes Paid
PROBLEM 187. Illustrating Computation of Credit for Income Taxes
Paid to Foreign Government or Possession of United
States in Case Taxpayer Files Return for Fiscal Year
Ending in 1921 .
PROBLEM 188. Illustrating Case in Which Individual Is Required to
File a Return-Net Income More Than $1,000
PROBLEM 189. Illustrating Case in Which Individual Is Not Required
to File a Return
222
223
224
225
226
227
230
234
236
239
PROBLEM 190. Illustrating a Case in which Individual is Required to
File an Income Tax Return, even though there is No
Tax Due Thereon-Individual Having Net Income of
$2,000 or Over, if Married and Living with Husband
or Wife .
241
242
243
PROBLEM 191. Illustrating Case in Which Husband and Wife File
Joint Return Although Aggregate Net Income Is Less
Than Exemption
PROBLEM 192. Illustrating case in Which Individual Is Unable to
Make His Own Return
245
246
PROBLEM 193. Illustrating Liability for Filing Return-Partnership 246
PROBLEM 194. Illustrating Liability for Filing Return-Fiduciary
PROBLEM 195. Illustrating Liability for Filing Return--Joint Fiduci-
aries
PROBLEM 196. Illustrating Computation of Tax on Return for Period
of Less Than Twelve Months.
PROBLEM 197. Illustrating Rates of Tax Applying in Case a Return Is
Filed For a Period of Less Than Twelve Months-
Period Falling Partly within One Calendar Year and
Partly within Another Calendar Year.
247
248
249
250
PROBLEM 198. Illustrating Time and Place for Filing Returns of Indi-
viduals, Partnerships, Fiduciaries, and Corporations. 251
PROBLEM 199. Illustrating Time for Paying Tax Installments in the
Case of Corporation Reporting on a Fiscal-Year Basis 253
PROBLEM 200. Illustrating Procedure to Be Followed by a Taxpayer
upon Receipt from Collector of Notice of Understate-
ment in His Return
PROBLEM 201. Illustrating Computation of Tax in Case of Incorpora-
tion of Individual or Partnership within Four Months
After November 23, 1921
254
255
PROBLEM 202. Illustrating Computation of Normal Tax on Corpora-
tions, 921 and 1922
258
PROBLEM 203. Illustrating Corporations Exempt From Taxation-
Labor, Agricultural or Horticultural Organizations
PROBLEM 204. Illustrating Corporations Exempt from Taxation-
Mutual Savings Banks Not Having a Capital Stock
Represented by Stores
259
PROBLEM 205. Illustrating Corporations Exempt from Taxation-
Fraternal Beneficiary Societies, Orders or Associations 260
PROBLEM 206. Illustrating Corporations Exempt from Taxation-
Domestic Building and Loan Association
PROBLEM 207. Illustrating Corporations Exempt from Taxation-
Cemetary Companies
261
262
263
PROBLEM 208. Illustrating Corporations Exempt from Taxation—
Religious, Charitable, etc. Organizations
PROBLEM 209. Illustrating Corporations Exempt from Tax-Civic
Leagues or Organizations Not Operated for Profit. 264
PROBLEM 210. Illustrating Corporations Exempt from Taxation-Clubs
Organized for Pleasure, etc.
PROBLEM 211. Illustrating Corporations Exempt from Taxation-Mu-
tual Benefit Companies Whose Entire Income Consists
of Assessments Made for Sole Purpose of Meeting
Expenses.
PROBLEM 212. Illustrating Corporations Exempt from Taxation-Far-
mers' and Fruit Growers' Associations
PROBLEM 213. Illustrating Corporations Exempt from Taxation-Cor-
porations Organized to Hold Title to Property, the In-
come Being Turned Over to an Organization Which is
Exempt from Taxation
265
266
267
PROBLEM 214. Illustrating Corporations Exempt from Taxation-Fed-
eral Land Banks and National Farm Loan Associations 268
PROBLEM 215. Illustrating Income to be Reported by Mutual Marine
Insurance Companies
PROBLEM 216. Illustrating Gross Income of Foreign Corporations.
PROBLEM 217. Illustrating Deductions Allowed Corporations-Divi-
dends Received .
PROBLEM 218. Illustrating Credits Against Net Income for Normal Tax
-Taxable Interest on U. S. obligations and War Fi-
nance Corporation Bonds .
PROBLEM 219. Illustrating the Adjustment of Credit Against Net In-
come for the Purpose of Computing Income Tax in
Case a Domestic Corporation Files a Return for less
Than Twelve Months
PROBLEM 220. Illustrating Income Tax Credit in Case of Corporation
Whose Income subject to Normal Tax is Slightly More
Than $25,000
PROBLEM 221. Illustrating Withholding of Taxes in the Case of Non-
resident Foreign Corporations
PROBLEM 222. Illustrating Filing of Income Tax Return by Personal
Service Corporation
PROBLEM 223. Illustrating Filing of Tax Return by Domestic Corpora-
tion Having No Net Income .
PROBLEM 224. Illustrating Filing of Income Tax Returns by Receivers
of a Domestic Corporation
PROBLEM 225. Illustrating Filing of Income Tax Return by Foreign
Corporations Having No Place of Business in the
United States
PROBLEM 226. Illustrating What Information With Respect to Dividend
Payments Is Required to be Included on a Corpora-
tion Return
PROBLEM 227. Illustrating Consolidated Returns-Class A, or Parent-
and-Child, Relationship
269
270
271
272
273
274
275
276
277
278
279
281
PROBLEM 228. Illustrating the Requirement to File Consolidated Re-
turns-Class B, or Brother-Brother, Relationship . . 282
PROBLEM 229. Illustrating Option of Filing Consolidated Returns or
Separate Returns for Taxable Years Beginning on or
after January 1, 1922.
PROBLEM 230. Illustrating Consolidated Returns-Fiscal Years Ending
in 1922
283
PROBLEM 231. Illustrating Consolidated Returns-Allocation of Taxes 284
PROBLEM 232. Illustrating Case in Which the Commissioner of Inter-
nal Revenue May Request a Consolidation of the Ac-
count of a Foreign Corporation With That of a Do-
mestic Corporation for the Purpose of Properly Ap-
portioning Gains or Losses, Deductions and Capital. 285
PROBLEM 233. Illustrating Rates of Tax on Domestic Life-Insurance
286
Companies
PROBLEM 234. Illustrating Rates of Tax on Foreign Life-Insurance
287
PROBLEM 235. Illustrating Deductions Allowed Life-Insurance Com-
panies Interest From Municipal Bonds
288
panies-Deduction on Account of Reserves.
PROBLEM 237. Illustrating Deductions Allowed Life-Insurance Com-
panies-Dividends Received
PROBLEM 238. Illustrating Deductions Allowed Life-Insurance Com-
panies-Reserve for Dividends
PROBLEM 239. Illustrating Deductions Allowed Life-Insurance Com-
panies Investment Expenses .
PROBLEM 240. Illustrating Deductions Allowed Life-Insurance Com-
panies-Taxes
PROBLEM 241. Illustrating Deductions Allowed Life-Insurance Com-
panies-Depreciation, Specific Exemption.
PROBLEM 242. Illustrating Deductions Allowed Life-Insurance Com-
panies Taxes and Depreciation on Property Owned
and Occupied in Part
PROBLEM 243. Illustrating Taxable Net Income of Foreign Life-Insur-
ance Companies
289
291
292
294
295
296
298
PROBLEM 244. Illustrating Rate of Tax on Foreign Insurance Com-
panies Other Than Life or Mutual Insurance Com-
panies, for the Taxable Year 1922
PROBLEM 245. Illustrating Manner of Paying Tax in Case an Extension
of Time For Filing a Return is Granted a Taxpayer. 299
PROBLEM 246. Illustrating Effect Upon Subsequent Installments in
Case of Non-Payment of Installment of Tax When
Due
301
302
PROBLEM 247. Illustrating Case in Which Taxpayer Finds That Ex-
cessive Amount of Tax Has Been Reported, and
Method of Adjusting Error
PROBLEM 248. Illustrating Case in Which, Due to an Error in Judg
ment on the Part of the Taxpayer, the Amount of Tax
Paid is Less than That Which Should have been Paid 303
PROBLEM 249. Illustrating Case in Which, Through Negligence, Less
Tax is Reported Than the Amount Actually Due. . 304
PROBLEM 250. Illustrating Liability in Case of Fraudulent Return 305
PROBLEM 251. Illustrating Authority of Internal Revenue Bureau In
Case Taxpayer Fails to File Return Required. 306
PROBLEM 252. Illustrating Case in Which Additional Tax Cannot be
Assessed by the Commissioner of Internal Revenue
Without Permission of Taxpayer
PROBLEM 253. Illustrating Case in Which Commissioner is Required
to Determine Tax Due for Estate of Decedent Within
One Year From Date of Written Request by Executor
of Estate
PROBLEM 254. Illustrating Case in Which the Five-Year Limitation
for the Assessment of Taxes Due, or for Proceeding
for the Collection of Such Taxes by Suit, does Not
Apply Fraudulent Return and Failure To File Re-
quired Return
308
310
311
PROBLEM 255. Illustrating Case in Which Five-Year Limitation for
Assessment of Additional Tax Under Revenue Act of
1918 Does not Apply-Deductions Tentatively Allowed 312
PROBLEM 256. Illustrating Case in Which a Claim in Abatement Can-
not be Accepted by a Collector of Internal Revenue. 314
PROBLEM 257. Illustrating Case in Which Tax is Not Paid Upon No-
tice and Demand by the Collector But Amount Due
is Paid Prior to Levy of Tax by Distraint and Sale
of Property
PROBLEM 258. Illustrating Case in Which Claim in Abatement May
be Filed
PROBLEM 259. Illustrating Case in Which Commissioner May Grant an
Extension of Time for the Payment of Tax Due Where
Such Payment Would Result in Undue Hardship to
the Taxpayer
PROBLEM 260. Illustrating Case in Which Extension is Granted for
Payment of Additional Tax Found to be Due After
Examination of Return-Tax Paid Within Extension
Period
PROBLEM 261. Illustrating Case in Which Extension is Granted For
Examination of Return-Payment Not Made Prior
to Expiration of Extension Period
PROBLEM 262. Illustrating Case in Which a Taxpayer Designs Quickly
to Depart From the United States-The Rights of
the Commissioner In Such Case .
PROBLEM 263. Illustrating Case in Which a Taxpayer is About to De-
part From the United States and may not be Required
to Liquidate All Taxes Due
PROBLEM 264. Illustrating When Receipts for Taxes are to be Given
by Collector
316
317
318
319
320
321
322
323
324
PROBLEM 265. Illustrating Case in Which the Bureau of Internal Rev-
enue Will Make Refund of Overpayment of Tax With-
out the Filing of Claim Therefor by Taxpayer
PROBLEM 266. Illustrating Case in Which the Treasury Department is
Required to make Refund of or Credit for Overpayment
of Tax Even Though Time Limitation Has Expired. 326
PROBLEM 267. Illustrating Case in Which Taxpayer Should File Claim
for Refund For Overpayment of Tax
PROBLEM 268. Illustrating Penalties for Failure to Pay or Collect Tax
Required, or to make a Return or to Supply Informa-
tion Required
PROBLEM 269. Illustrating Requirement to Make Returns of Payments
of Dividends
327
328
329
330
331
PROBLEM 270. Illustrating Returns of Brokers.
PROBLEM 271. Illustrating Returns of Information at the Source-
Payments of Salaries, Etc. over $1,000.
PROBLEM 272. Illustrating Returns of Information at the Source-
Payments of Interest and Dividends on Foreign Items 332
PROBLEM 273. Illustrating Availability of Returns Filed by Corpora-
tion to Stockholders Thereof
PROBLEM 274. Illustrating the Availability of Statistics With Respect
333
to the Operation of the Tax Laws.
334
PROBLEM 275. Illustrating Collection of Foreign Items
PROBLEM 276. Illustrating Taxability of Citizens of Possessions of
the United States
335
336
PROBLEM 277. Illustrating the Assessment of the Income Tax in Porto
Rico and Philippine Islands
PROBLEM 278. Illustrating the Taxability of the Income of a Citizen
of the United States Residing in and Employed in a
Possession of the United States .
337