DEFICIENCY OF INCOME TAXES Immediate assessment, § 274 (a) (1). Claims in abatement, § 273 (j). Interest. See "Interest.'' Jeopardy assessments, § 273. Amount assessable after decision of Board, § 273 Amount assessable before decision of Board, § 273 Authority to make, § 273 (a). Bond to stay collection, § 273 (f). Collection of unpaid amounts, § 273 (i). Deficiency letters, § 273 (b). Expiration of right to assess, § 273 (e). Net operating loss carry-back, §§ 276 (d), 292 (c). Procedure in general, § 272. Address for notice of deficiency, § 272 (k). Collection of deficiency found by Board, § 272 (b). Further deficiency letters restricted, § 272 (f). Petition to Board, § 272 (a) (1). Prorating of deficiency to installments, § 272 (i). Statute of Limitations. See "Statute of Limita- Unused excess-profits credit carry-back, § 276 (d). A party to a reorganization, § 112 (g) (2). DEFINITION-Cont. Accrued, § 48 (c). Acquiring corporation, § 740 (a). Adjusted normal tax net income, § 202 (a). Adjustment for certain reserves, § 202 (c). Affiliated group, §§ 141 (d), 730 (d). Aged, § 119 (f). Amount of obligations of United States, § 453 (a). Amounts distributed in partial liquidation, § 115 (i). Average base period net income, § 713 (d) (1). Back pay, § 107 (d) (2). Bad debt, § 22 (b) (12) (A). Bank, § 104 (a). Base period, §§ 713 (b) (1), 735 (a) (5). Blind individual, § 23 (y) (2). Bond, § 125 (d). Borrowed capital, § 719 (a). Calendar year, § 1030 (a). Capital assets, § 117 (a) (1). Capital gains and losses, § 117 (a). Constructive ownership, § 24 (b) (2). Control, §§ 112 (h), 361 (b) (3), 750 (d), 761 (e) (3). Controlled, § 734 (a) (4) (B). Controlled group, § 361 (b) (3). Co-operative apartment corporation, § 23 (z) (2) (A). Corporation dividends paid credit, § 27 (a). Daily invested capital, § 717. Date of cessation of hostilities in the present war, Deficiency, §§ 271, 870, 1011. Deficiency dividends, § 506 (c) (1). Deficit in earnings and profits of another corporation, Delinquency amount, § 22 (b) (12) (C). Dependent, §§ 25 (b) (3), 401 (a) (2), 1621 (k). Distributions to shareholders, § 718 (c) (1). Dividend carry-over, § 27 (c). Dividends to policyholders, § 207 (b) (3). Domestic, § 3797 (a) (4). Earned income, §§ 25 (a) (4) (A), 25 (a) (3). DEFINITION-Cont. Earned income deductions, § 25 (a) (4) (B). Emergency period, § 124 (e) (2). Employee, §§ 465 (d), 1621 (c). Estimated recoverable units, § 735 (a) (10). Excess profits net income of base period, § 711 (b) Excess profits net income of taxable year, § 711 (a). Exchanged, § 119 (f). Executor, § 930 (a). Exempt excess output, § 735 (a) (11). Expenses incurred, § 204 (b) (7). Expiration date, § 476. Extracted, § 119 (f). Fabricated, § 119 (f). Foreign personal holding company, §§ 331 (a), 332. Gross income, § 22 (a). Foreign personal holding company, § 334 (a). Insurance company other than life or mutual, § 507 Life insurance company, §§ 201 (c) (1), 204 (b) Gross income from the property, § 114 (b). (4) (B). Holding company system, § 373 (b). In money or money's worth, § 812 (b) (5). Incidents of ownership, § 811 (g) (2), (4). Indebtedness, § 783 (d). Individual, § 24 (b) (2). Intercorporate liquidations, § 761 (a). Invested capital, § 715. Investment income, § 204 (b) (3). Involuntary liquidation, § 22 (d) (6) (B). Life insurance company, § 201 (b). Long-term capital loss, § 117 (a) (5). Majority owned subsidiary company, § 373 (c). Margin, § 700 (f) (1). Married person, §§ 401 (a) (1), 1621 (f). Married person claiming all of personal exemption for DEFINITION-Cont. Married person claiming half of personal exemption Married person claiming none of personal exemption for withholding, § 1621 (i). Military or naval forces of the United States, § 3797 (a) (15). Mineral property, § 735 (a) (6). Minus adjustment, § 761 (b) (2). Mutual investment company, § 361. Net capital gain, § 117 (a) (10). Net capital loss, § 117 (a) (11). Net estate, §§ 812, 930 (b). Net gifts, § 1003 (a). Net income, § 21 (a). Insurance company other than life or mutual, § 204 Life insurance company, § 201 (c) (7). Mutual insurance company other than life or ma- rine, § 207 (b) (4). Net long-term capital gain, § 117 (a) (8). Net short-term capital gain, § 117 (a) (6). Normal output, §§ 735 (a) (5), 735 (a) (4). Owned by taxpayer, § 453 (a) (3). Paid, § 48 (c). Paid or accrued, § 48 (c). Paid or incurred, § 48 (c). Pan-American Trade Corporation, § 152. Partial distribution, § 28 (a) (5). Partial liquidation, amounts distributed in, § 115 (i). Partnership and partner, § 3797 (a) (2). Partnership rule, § 24 (b) (2). Payroll period, §§ 465 (a), 1621 (b). Person, §§ 145 (d), 3779 (a) (1). Personal holding company income, § 502. Personal holding company terms, § 507 (a). Plus adjustment, § 761 (b) (1). Possessions of United States, § 251 (d). Power of appointment, § 811 (f) (2). Preceding calendar years, § 1001 (b). Predecessor of the taxpayer, § 734 (a) (4). Preferential distribution, § 28 (a) (6). Preferred dividends, § 28 (a) (2). Preferred stock, § 26 (h) (2). Premiums earned on insurance contracts during the taxable year, § 204 (b) (5). Prior tax, § 22 (b) (12) (B). DEFINITION-Cont. Processed, § 119 (f). Produced, § 119 (f). Producer, § 735 (a) (1). Property subject to claims, § 812 (b) (5). Property used in the trade or business, § 117 (j) (1). Property within the United States, § 1030 (b). Public utility, § 26 (h) (2). Recovery exclusion, § 22 (b) (12) (D). Refund or credit, § 700 (j) (3). Registered holding company, § 373 (b). Reserve and other policy liability credit, § 202 (b). Reserve for deferred dividends, § 201 (c) (5). Sale, § 119 (f). Secretary, § 3797 (a) (11). Section 102 net income, § 102 (d) (1). Securities as bad debts, § 23 (k) (3). Securities involving capital loss, § 23 (g) (3). Selling price, § 700 (f) (3). Shareholder, § 3797 (a) (8). Shift of burden to others Cost, § 700 (f) (2). Margin, § 700 (f) (1). Selling price, § 700 (f) (3). Short-term capital gain, § 117 (a) (2). Sold, § 119 (f). Spouse, § 811 (f) (2) (A). State, § 3797 (a) (10). Stock, § 3797 (a) (7). Stock or securities, § 373 (f). Supplement S net income, § 393. Surtax exemption, § 401. Surtax net income on individuals, § 12 (a). System group, § 373 (d). Tax adjustment, § 700 (j) (4). Tax imposed under this subchapter, § 780 (a). Taxpayer, §§ 700 (j) (5), 734 (a) (1), 3797 (a) Tenant stockholder, § 23 (z) (2) (B). Timber block, § 735 (a) (8). Timber unit, §§ 735 (a) (3), 735 (a) (2). Trade or business, § 48 (d). Transferee, §§ 311 (f), 760 (a) (1), 900 (c), 1025 Transferee upon an exchange, § 750 (c). Transferor upon an exchange, § 750 (b). Undistributed Section 102 net income, § 102 (d) (2). Undistributed Supplement S net income, § 392. Unit net income, § 735 (a) (12). Decedents, deductible by, § 126 (b) (2). Deductibility from victory tax gross income, § 451 (a) Discovery value in case of mines, § 114 (b) (2). Ball and sagger clay, § 114 (b) (4). Fluorspar, § 114 (b) (4). Oil and gas wells, § 114 (b) (3). Metal mines, § 114 (b) (4). Other minerals, § 114 (b) (4). DEPRECIATION Basis for, § 114 (a). Deductibility from gross income, § 23 (1). Insurance companies other than life or mutual, § 204 Life insurance companies, § 201 (c) (7) (D). DISTRAINT-Cont. Personal property-Cont. Proceedings on distraint, § 3693. Property exempt from distraint, § 3691. Property for account of United States, § 3695. Real estate Authority, § 3700. Certificates of purchase, § 3703. Deed of sale, § 3704. Proceedings on distraint, § 3701. Records of sale, § 3706. Redemption, § 3702. Transmission of certificates and deeds to commis- sioner, § 3705. Statute of Limitations upon, § 3714. DISTRIBUTIONS See Dividends." DIVIDEND CARRY-OVER Definition, § 27 (c). DIVIDENDS Capital, other than in liquidation, § 115 (d). Definition, § 115 (a). Earnings and profits before March 1, 1913, § 115 (m). Effect on earnings and profits of gain or loss and of Foreign personal holding company income, § 332 (a). Distributions of stock, effect on, § 115 (h). Gain or loss, effect on, § 115 (1). Improper accumulation, § 102. Increase in value accrued before March 1, 1913, § 115 Information as to accumulation, § 148 (c). Receipt of tax-free distribution, effect on, § 115 (1). EDUCATIONAL CONTRIBUTIONS See "Charitable, etc., Contributions." EDUCATIONAL ORGANIZATIONS Amortization, taxable and partially taxable bonds, Amortization deduction, § 124 (b). As to deficiency dividends, § 506 (j) (1). Effect of, § 506 (j) (2). Commodity credit loans, § 123. Computation of net income, unjust enrichment tax, Recognition or gain in certain corporate reorganiza- Recomputation of tax in case of election re amortiza- Shareholders as to medium of payment of dividends, To be taxed under Sec. 400, §§ 400, 402. EMERGENCY FACILITY Amortization deduction, §§ 23 (t), 124. EMERGENCY FACILITY-Cont. Depreciation on, § 124 (g). Payment of unamortized cost by United States, § 124 EMERGENCY PERIOD Definition, § 124 (e) (2). EMOLUMENTS Information as to amount paid, § 147 (a). EMPLOYEES Control over, § 1621 (d). Receipts to, §§ 1625, 1626. Beneficiary, taxability, § 165 (b). EMPLOYER Collection of tax on wages, §§ 1624, 1630, 1631. ENEMY COUNTRIES War losses in, § 127. EQUITY INVESTED CAPITAL Deficit in earnings and profits of another corporation, Deficit in earnings and profits transferred to trans- feree, § 718 (c) (5). Definition, § 718 (a). Distributions in stock, § 718 (a) (3). Earnings and profits at beginning of year, § 718 (a) Increase on account of gain or tax free liquidation, § 718 (a) (5). Money paid in, § 718 (a) (1). New capital, § 718 (a) (6). Definition, § 718 (a) (6). Distributions out of pre-1941 earnings and profits, Increase in inadmissible assets, § 718 (a) (6) (D). Reduction in equity invested capital, § 718 (b). |