ESTATE TAX

Additional estate tax

Armed forces, § 939.
Assessment of tax, § 937.
Collection of tax, § 937.
Credits against tax, § 936.
Payment of tax, § 937.
Rates of tax, § 935.
Application of parts, § 802.

Application of subchapter, § 800.

Basic estate tax, § 800.

Citizens or residents of United States, § 810.
Bequest to surviving spouse, § 812 (e).
Collection of estate tax, § 826.

Continuance after discharge of executor, § 827
(c).

Liability of life insurance beneficiaries, § 826 (c).
Liability of recipient of property received under
power of appointment, § 826 (d).
Liability of transferee, § 827 (b).
Lien for estate tax, § 827.

Reimbursement out of estate, § 826 (b).
Sale of property, § 826 (a).

Upon gross estate, § 827 (a).

Credits against estate tax, § 813.

Estate taxes paid to state, territory, or District

of Columbia, § 813 (b).

Gift tax under Act of 1924, § 813 (a) (1).
Gift tax under Act of 1932, § 813 (a) (2).
Inheritance taxes paid to state, territory, or Dis-

trict of Columbia, § 813 (b).

Legacy taxes paid to state, territory, or District
of Columbia, § 813 (b).

Refund based on credit, § 813 (b) (2).

Succession taxes paid to state, territory, or Dis-
trict of Columbia, § 813 (b).

Deductions from gross estate, § 812.
Administration expenses, § 812 (b) (2).
Charitable purposes, § 812 (d).

Claims against estate, § 812 (b) (3).
Educational purposes, § 812 (d).

Exemption, § 812 (a).

Funeral expenses, § 812 (b) (1).

Governmental purposes, § 812 (d).

In money or money's worth defined, § 812 (b)
(5).

Indebtedness in respect to property, § 812 (b)

(4).

Literary purposes, § 812 (d).

Marital deduction, § 812 (e) (1).

Property previously taxed, § 812 (c).

Amount otherwise deductible under this sub-
section defined, § 812 (c) (2).

General claims, § 812 (c) (2).

Property subject to general claims, § 812 (c)
(2).

Property subject to claims defined, § 812 (b) (5).
Public purpose, § 812 (d).

Religious purposes, § 812 (d).

Scientific purposes, § 812 (d).

Surviving spouses, § 812 (e).

Support of dependents, § 812 (b) (5).

Unpaid mortgages, § 812 (b) (4).

Determination of estate tax, § 824.

Discharge of executor from personal liability, § 825.
Application for discharge, § 825 (a).

Estate in lieu of dower or curtesy, § 811 (b).
Joint and community interests, § 811 (e).
Community interests, § 811 (e) (2).
Joint interests, § 811 (e) (1).
Optional valuation, § 811 (j).
Prior interests, § 811 (h).

Powers of appointment, § 811 (f).

Date of existence of power, § 811 (f) (3).
Definition, § 811 (f) (2).

Descendant defined, § 811 (f) (2) (A).
Spouse defined, § 811 (f) (2) (A).
In general, § 811 (f) (1).

Proceeds of life insurance, § 811 (g).

Community property, § 811 (g) (4).

Incidents of ownership defined, § 811 (g) (2),

(4).

Receivable by executor, § 811 (g) (1).

Receivable by other beneficiaries, § 811 (g) (2).
Relinquishment of power in contemplation of

death, § 811 (d) (4).

Revocable transfers, § 811 (d).

After June 22, 1936, § 811 (d) (1).

Date of existence of power, § 811 (d) (3).

On or prior to June 22, 1936, § 811 (d) (2).

Taking-effect-at-death transfers, § 811 (c).
Transfers for insufficient consideration, § 811 (i).
Miscellaneous provisions, § 840.

Net estate defined, § 812.

Notice of executor, § 820.

Payment of estate tax, § 822.

Duplicate receipts, § 823.

Executor liable for payment, § 822 (b).

Extension of time, § 822 (a) (2).

Time of payment, § 822 (a) (1).

Rate of tax, § 810.
Returns, § 821.

Special classes of residents, § 850.

Citizens with estates in China, § 851.
Missionaries in foreign service, § 850.
Resident defined, § 851.

Claims for refunds

Effect of petition to Board, § 911.
Overpayment found by Board, § 912.

Period of limitations, § 910.
Classification of provisions, § 801.
Collector defined, § 930 (d).

Credit for state death taxes, § 927.
Decedents, deductible by, § 126 (c).

ESTATE TAX-Cont.

Deficiency of estate taxes, § 870.

Claims in abatement, § 873.
Definition of deficiency, § 870.
Jeopardy assessments, § 872.

Amount assessable after decision of Board, § 872
(d).

Amount assessable before decision of Board, § 872
(c).

Authority to make, § 872 (a).

Bond to stay collection, § 872 (f).

Collection of unpaid amounts, § 872 (i).

Deficiency letters, § 872 (b).

Expiration of right to assess, § 872 (e).

Waiver of stay, § 872 (h).

Procedure in estate tax deficiencies, § 871.

Collection of deficiency found by Board, § 871

Petition to Board, § 871 (a) (1).

Waiver of restrictions, § 871 (d).

Determination of, § 824.

Estate tax returns, §§ 821, 864.

Publicity, § 938.

Executor defined, § 930 (a).

Interest. See "Interest.''

Deficiencies, §§ 891, 893 (b).

Jeopardy assessment, §§ 892, 893 (b) (4).

Time for payment extended, §§ 890 (b), 893 (b)
(3).

Governmental purposes, § 861 (a) (3).

Indebtedness, § 861 (a) (1).

Literary purposes, § 861 (a) (3).

Losses, § 861 (a) (1).

Property previously taxed, § 861 (a) (2).

Public purposes, § 861 (a) (3).

Religious purposes, § 861 (a) (3).

Scientific purposes, § 861 (a) (3).

Taxes, § 861 (a) (1).

Estate tax returns, § 864.

By beneficiary, § 861 (a) (2).

By executor, § 861 (a) (1).

ESTATE TAX-Cont.
Nonresident aliens-Cont.
Estate tax returns-Cont.
Place for filing, § 864 (c).
Time for filing, § 864 (b).

Net estate, § 861.

Property within United States, § 862.
Contemplation-of-death transfers, § 862 (b).
Revocable transfers, § 862 (b).

Stock in domestic corporation, § 862 (a).
Property without United States, § 863.
Bank deposits, § 863 (b).

Proceeds of life insurance, § 863 (a).
Rate of tax, § 860.

Notice of fiduciary relationship, § 901.
Address for notice of liability, § 901 (d).
Fiduciary or decedent, § 901 (a).
Fiduciary or transferee, § 901 (b).
Manner of notice, § 901 (c).

Payment of estate tax, §§ 822, 920.

To clerk of United States Court for China, § 920
(a).

Authority of clerk to act as collector, § 921.
To collector, § 920 (b).

Penalties, § 894.

See "Penalties."

Ad valorem, § 894 (a).

Failure to file return, §§ 894 (a), 3612 (d) (1).

False or fraudulent return, §§ 894 (a), 3612 (d)

(2).

Specific, § 894 (b).

Civil, § 894 (b) (1).

Criminal, § 894 (b) (2).

Resident defined, § 851.

Resident of United States. See "Citizens or residents

of United States,'' supra.

Reversionary or remainder interests

Extension of time for payment, § 925.

Requirements for extension, § 926.

Payment of estate tax in case of, § 925.
Requirements for extension, § 926.

Statute of limitations upon assessment and collection,

§ 874.

Collection after assessment, § 874 (b) (2).

False return, § 874 (b) (1).

General rule, § 874 (a).

No return filed, § 874 (b) (1).

Surviving spouse, § 812 (e).

Suspension of running of statute, § 875.

Transferee defined, § 900 (e).

Transferees and fiduciaries.

Transferred assets, § 900.

Method of collection, § 900 (a).

Fiduciaries, § 900 (a) (2).

Transferees, § 900 (a) (1).

Period of limitations, § 900 (b).

Prohibition of suits to restrain enforcement of

liability of, § 900 (d).

Suspension of statute of limitations, § 900 (e).

Transferee defined, § 900 (e).

ESTATE TAX RETURNS

Citizens or residents of United States, § 821.

By beneficiaries, § 821 (a) (2).

By executor, § 821 (a) (1).

Examination of, § 824.

ESTATE TAX RETURNS-Cont.

Citizens or residents of United States-Cont.

Place for filing, § 821 (c).

Records, statements, and returns, § 821 (d).
Time for filing, § 821 (b).

False return, limitations, § 874 (b) (1).
None filed, limitations, § 874 (b) (1).
Nonresident aliens, § 864.

By beneficiary, § 861 (a) (2).
By executor, § 861 (a) (1).
Place for filing, § 864 (c).
Time for filing, § 864 (b).
Penalties. See "Penalties.'
Publicity, § 938.

ESTATES AND TRUSTS

Amortization deduction, § 172.

Beneficiary with different taxable year, § 164.

Common trust funds, § 169.

Admission, § 169 (e).

Computation of income, § 169 (d).

Definition, § 169 (a).

Different taxable years, § 169 (g).

Income of participants, § 169 (c).

Employees', § 165.

Beneficiary, taxability, § 165 (b).
Beneficiary not exempt, § 165 (c).
Exemption from tax, § 165 (a).

Excess deductions, § 162 (d) (4).

Foreign personal holding company income, § 332 (d). Gift taxes where trust discretionary, § 1000 (e). Imposition of tax, § 161.

Application of tax, § 161 (a).

Computation and payment, § 161 (b).

Income for benefit of grantor, § 167.

Income for support of beneficiaries at discretion of

trustee, § 167 (c).

Income in case of divorce, § 171.

Inclusion in gross income of wife, § 171 (a).
Wife considered a beneficiary, § 171 (b).

Net operating losses, § 170.

Personal holding company income, § 502 (d). Revocable trusts, § 166.

Income taxable to grantor, § 166.

ESTIMATED RECOVERABLE UNITS

Definition, § 735 (a) (10).

ESTIMATED TAX

Credits against, § 322 (a) (3).

Declaration, §§ 58-60.

Farmers, § 60 (a).

Individuals, § 58.

Penalty for failure to make declaration, §§ 294 (a)

(3), 294 (d).

Penalty for failure to pay, §§ 294 (a) (4), 294 (d).

EXAMINATION

Books, § 3614.
Estate tax return, § 824.
Gift tax return, § 1010.
Income tax return, § 57.

Unnecessary prohibited, § 3631.
Witnesses, § 3614.

EXCESS OUTPUT

Definition, §§ 735 (a) (4), 735 (a) (3).

EXCESS PROFITS CREDIT

See "Excess Profits Taxes." Unused defined, § 710 (c) (2).

EXCESS PROFITS TAX RETURNS Consolidated, §§ 141, 729 (b) (3), 730. None required, § 729 (b) (2).

EXCESS PROFITS TAX UNDER CHAPTER 2 E Deductibility from gross income, § 23 (c) (2).

EXCESS PROFITS TAXES

Abnormal deductions, § 711 (b) (1) (J).
Abnormalities in income in taxable period, § 721.
Abnormal income defined, § 721 (a) (1).
Abnormal income from exploration, etc., § 721 (f).
Amount attributable to other years, § 721 (b).
Application of section 721, § 721 (e).

Computation of tax for current taxable year, § 721

(c).

Computation of tax for future taxable years, § 721 (d).

Net abnormal income defined, §§ 721 (a) (3), 721

(e) (1).

Separate classes of income defined, § 721 (a) (2).
Acquisition for purpose of avoiding, § 129.
Adjusted excess profits net income means
Excess profits net income minus

Excess profits credit, § 710 (b) (2).
Specific exemption, § 710 (b) (1).

Unused excess profits credit, § 710 (b) (3).

Adjustment where position inconsistent with prior liability, § 734.

Ascertainment of amount of adjustment, § 734 (d). Burden of proof, § 734 (b) (3).

Circumstances of adjustment, § 734 (b).

Controlled defined, § 734 (a) (4) (B).

Income tax defined, § 734 (a) (2).

Interest in case of net increase or decrease, § 734

(e).

Method and effect of adjustment, § 734 (c).

Predecessor of the taxpayer defined, § 734 (a) (4).

Prior taxable year defined, § 734 (a) (3).

Taxpayer defined, § 734 (a) (1).

Admissible and inadmissible assets

Admissible assets defined, § 720 (a) (2).

Computation of short term capital gain, § 720 (c).

Government obligations as admissible assets, § 720

(d).

Inadmissible assets defined, § 720 (a) (1).

Ratio of inadmissible to total assets, § 720 (b).

Average invested capital, defined, § 716.

Borrowed invested capital, § 719.

Borrowed capital, § 719 (a).

Defined, § 719 (a).

EXCESS PROFITS TAXES-Cont.
Borrowed invested capital-Cont.

Contract with foreign government, § 719 (a) (2).
Equal to one-half of borrowed capital, § 719 (b).
Insurance company, § 719 (a) (3).

Life insurance company, § 719 (a) (4).
Capitalization of advertising, etc., expenditures, § 733.
Election to charge to capital account, § 733 (a).

Effect of election, § 733 (b).

Coal and iron mines and timber properties not in
operation during base period, § 735 (b) (4).
Computation of excess profits credits, § 729 (b) (1).
Consolidated returns, § 730.

Affiliated group defined, § 730 (d).

Computation and payment of tax, § 730 (c).

Includible corporation defined, § 730 (e).

Includible insurance companies, § 730 (f).

Privilege to file, §§ 141 (e) (7), 730 (a).

Regulations, § 730 (b).

Subsidiary formed to comply with foreign law, § 730
(g).

Suspension of statute of limitations, § 730 (h).
Corporations completing contracts under Merchant
Marine Act, 1936, § 726.

Corporations mining strategic minerals and metals,
§ 731.

Credit against unjust enrichment tax, § 701 (a).

Credit for debt retirement, § 783.

General rule, § 783 (a).

Indebtedness defined, § 783 (d).

Limitations, § 783 (b).

Reduction of credit and of bonds outstanding under

Section 780, § 783 (c).

Daily invested capital defined, § 717.

Declared value of capital stock, §§ 600-605.

Definition for purposes of credit, § 131 (h).

Definition of terms used, § 728.

Equity invested capital, § 718.

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) (4).

Increase on account of gain or tax free liquidation,
§ 718 (a) (5).

Money paid in, § 718 (a) (1).

New capital, § 718 (a) (6).

Deficit in earnings and profits of another corpora-
tion, § 718 (a) (7).

Definition, § 718 (a) (6).

Distributions out of pre-1941 earnings and profits,
§ 718 (a) (6) (F).

Increase in inadmissible assets, § 718 (a) (6)
(D).

Maximum allowable, § 718 (a) (6) (E).
Property paid in, § 718 (a) (2).

Reduction in equity invested capital, § 718 (b).
Deficit in earnings and profits transferred to
another corporation, §§ 718 (b) (5), 718 (c)
(5).

Distributions during year, § 718 (b) (2).
Distributions in previous years, § 718 (b) (1).
Distributions to shareholders, § 718 (c) (1).
Computation of earnings and profits, § 718 (c)
(3).

Definition, § 718 (c) (1).

EXCESS PROFITS TAXES-Cont.
Equity invested capital-Cont.

Reduction in equity invested capital-Cont.
Distributions to shareholders-Cont.

During first sixty days of year, § 718 (c) (2).
Due to loss on tax free liquidation, § 718 (b) (4).
Earnings and profits of another corporation, § 718

(b) (3).

Reserves of insurance company, § 718 (f).

Stock in case of merger or consolidation, § 718 (c)
(4).

1

Equity invested capital in special cases, § 723.
Corporations in general, § 723 (a).

Mutual insurance companies other than life or mu-
tual, § 723 (b).

Excess profits credit allowance, § 712.
Domestic corporation, § 712 (a).
Effect of disclaimer, § 712 (c).

Foreign corporation, § 712 (b).

Rule in certain reorganizations, § 712 (d).
Excess profits credit based on income, § 713.
Base period, § 713 (b).

Average base period net income, § 713 (d).
Definition, § 713 (d) (1).

General average, § 713 (e).

Increased earnings in last half, § 713 (f).
Deficit in excess profits net income, § 713 (e).
Definition, § 713 (b) (1).

Division into halves, § 713 (b) (2).

Taxable years, § 713.

Adjustments due to capital changes, § 713 (g).
Affiliated corporations, § 713 (g) (5).

Daily capital addition, defined, § 713 (g) (3).
Daily capital reduction, § 713 (g) (4).
Excluded capital defined, § 713 (g) (3).
Net capital addition, defined, § 713 (g) (1).
Net capital reduction, defined, § 713 (g) (2).
Amount, § 713 (a).

Domestic corporation, § 713 (a) (1).
Foreign corporation, § 713 (a) (2).

Limitation in amount, § 713 (f) (7).

Excess profits credit based on invested capital, § 714.
Excess profits net income of base period, § 711 (b).
Definition, § 711 (b) (1).

Excess profits credit under income basis, § 711 (b)
(1).

Adjustments to normal tax and special class net
income.

Abnormal deductions, § 711 (b) (1) (J), (K).
Capital gains and losses, § 711 (b) (2).
Casualty, demolition, etc., losses, § 711 (b) (1)
(E).

Deductions on account of retirement or dis-

charge of bonds, etc., § 711 (b) (1) (D).
Dividends received, § 711 (b) (1) (G).
Gains and losses from capital assets, § 711 (b)
(1) (B).

Income from retirement or discharge of bonds,
etc., § 711 (b) (1) (C).
Income taxes, § 711 (b) (1) (A).
Intangible drilling and development costs, § 711

(b) (1) (I), (K).

Payment of judgments, etc., § 711 (b) (1)
(H), (K).

Repayment of processing taxes to vendees, § 711

(b) (1) (F).

EXCESS PROFITS TAXES-Cont.

Excess profits net income of taxable year, § 711 (a).
Definition, § 711 (a).

Excess profits credit under income basis, § 711 (a)
(1).

Adjustments to normal tax net income

Charitable, etc., deductions, § 711 (a) (1) (G).
Dividends received, § 711 (a) (1) (F).

Gains and losses from capital assets, § 711 (a)
(1) (B).

Income from retirement or discharge of bonds,
etc., § 711 (a) (1) (C).
Industries with depletable resources, § 711 (a)
(1) (I).

Life insurance companies, § 711 (a) (1) (H).
Net operating losses, § 711 (a) (1) (J).
Recoveries of bad debts, § 711 (a) (1) (E).
Refunds and interest on A. A. A. taxes, § 711
(a) (D).

Excess profits credit under invested capital basis,
§ 711 (a) (2).

Adjustments to normal tax net income

Charitable, etc., deductions, § 711 (a) (2) (I).
Dividends received, § 711 (a) (2) (A).

Gains and losses from capital assets, § 711 (a)
(2) (D).

Income from retirement or discharge of bonds,
etc., § 711 (a) (2) (E).

Income subject to excess profits tax, § 711 (a)
(2) (C).

Industries with depletable resources, § 711 (a)
(2) (K).

Interest, § 711 (a) (2) (B).

Interest on government obligations, § 711 (a)
(2) (G).

Life insurance companies, § 711 (a) (2) (J).
Net operating losses, § 711 (a) (2) (L).
Recoveries of bad debts, § 711 (a) (2) (H).
Refunds and interest on A. A. A. taxes, § 711

EXCESS PROFITS TAXES-Cont.
General relief-Cont.

Application for relief-Cont.

Constructive average base period net income-
Cont.

Taxpayers using average earnings method, § 722

(b).

General rule, § 722 (a).

Invested capital corporations, § 722 (c).
Mining corporations, § 722 (f).

Rules for application of Section 722, § 722 (e).
Taxpayers using average earnings method, § 722
(b).

Imposition, § 710 (a).

Application of rates in certain exchanges, § 710 (a)

(2).

Deferment of payment in case of abnormality, § 710
(a) (5).

General rule, § 710 (a) (1).

Mutual insurance companies, § 710 (a) (4).
Taxable years beginning in 1941 and ending after
June 30, 1942, § 710 (a) (3).

Installment basis taxpayers' relief, § 736.
Adjustment account of change, § 736 (c).
Election to accrue income, § 736 (a).
Intercorporate liquidations, § 761.

Adjustment of equity invested capital, § 761 (d).
Determinations, § 761 (g) (1).

Liquidation extending over long period, § 761 (g)
(2).

Regulations, § 761 (g) (1).

Intercorporate liquidations defined, § 761 (a).
Invested capital bases, § 761 (e).

Minus adjustment defined, § 761 (b) (2).
Rule for determining, § 761 (b) (3).
Plus adjustment defined, § 761 (b) (1).
Rule for determining, § 761 (b) (3).
Rule for application of Section 761, § 761 (c).
Contract defined, § 761 (c) (3).

Stock having cost basis, § 761 (c) (1).
Stock not having cost basis, § 761 (c) (2).
Statutory mergers and consolidations, § 761 (f).
Invested capital defined, § 715.

Average defined, § 716.
Borrowed defined, § 719.
Daily defined, § 717.

Equity defined, § 718 (a).
Laws applicable, § 729.

Limitations on amount of foreign tax credit, § 729

(d).

Long term contract taxpayers' relief, § 736.

Adjustment account of change, § 736 (c).

Election on long term contracts, § 736 (b).

Mining and timber operations, § 735.

Base period defined, § 735 (a) (5).

Estimated recoverable units defined, § 735 (a) (10).

Excess output defined, § 735 (a) (4).

Exempt excess output defined, § 735 (a) (11).
Mineral property defined, § 735 (a) (6).

Mineral unit defined, § 735 (a) (2).

Minerals defined, § 735 (a) (7).
Nontaxable bonus income, § 735 (c).

Rule if income from excess output includes bonus
payment, § 735 (d).

Nontaxable income from excess output, § 735 (b).
Coal and iron mines, § 735 (b) (2).
General rule, § 735 (b) (1).