Lapas attēli
PDF
ePub

MITIGATION OF EFFECT OF LIMITATION,
ETC., IN INCOME TAX CASES

Adjustment to be made, § 3801.

MONEY OR MONEY'S WORTH

Transfers in gross estate, § 812 (b) (5).

MONTH

Definition, § 930 (c).

MUNICIPALITIES

Contributions to

Estate taxes, §§ 812 (d), 861 (a) (3).
Gift taxes, §§ 1004 (a) (2), 1004 (b).
Income taxes, § 23 (o).
Income of, § 116 (d).
MUSTERING-OUT PAY

Army and Naval Forces, § 22 (b) (14).

MUTUAL DITCH COMPANIES

Exempt from income tax, § 101 (10).
MUTUAL INSURANCE COMPANIES
Excess profits taxes, § 710 (a) (4).
Exempt from income tax, § 101 (11).
MUTUAL

INSURANCE COMPANIES OTHER

THAN LIFE OR MARINE

Amortization of premium and accrual of discount,

§ 207 (d).

Credits against net income, § 207 (g).

Deductions from gross income, § 207 (b) (4).

Capital losses, § 207 (b) (4) (F).

Depreciation, § 207 (b) (4) (D).
Double, § 207 (f).

Foreign corporations, § 207 (e).
Interest, § 207 (b) (4) (E).

Investment expenses, § 207 (b) (4) (B).
Real estate expenses, § 207 (b) (4) (C).
Tax-free interest, § 207 (b) (4) (A).
Dividends to policyholders defined, § 207 (b) (3).
Gross investment income defined, § 207 (b) (1).
Imposition of tax, § 207 (a).

Foreign mutual insurance companies, § 207 (a) (5).
Gross amount between $75,000 and $125,000, § 207
(a) (4).

No United States insurance business, § 207 (a) (6).
Net income defined, § 207 (b) (4).

Net operating losses, § 208.

Net premiums defined, § 207 (b) (2).
Rental value of real estate, § 207 (c).

MUTUAL INVESTMENT COMPANIES

See "Regulated Investment Companies."
Definition, § 361.

MUTUAL MARINE INSURANCE COMPANIES
See "Insurance Companies Other than Life or
Mutual."

MUTUAL SAVINGS BANKS

Exempt from income tax, § 101 (2).

MUTUAL TELEPHONE COMPANIES

Exempt from income tax, § 101 (10).

N

NATURAL GAS COMPANY

Definition, § 735 (a) (1).

Not in operation during base period, § 735 (b) (5).
NATURAL GAS PROPERTY

Definition, § 735 (a) (5).

NATURAL GAS UNIT
Definition, § 735 (a) (2).

NAVY CONTRACTS
Excess profits tax

Laws applicable, § 651.
Method of collection, § 650.

NAVY FORCES

Abatement of income tax of, § 421.

Additional allowance, § 22 (b) (13).

Additional estate tax, § 939.

Definition, § 3797 (a) (15).

Mustering out pay, § 22 (b) (14).

NET CAPITAL GAIN

Definition, § 117 (a) (10).

NET CAPITAL LOSS

Definition, § 117 (a) (11).

NET ESTATE

Definition, §§ 812, 930 (b).

NET GIFTS

Definition, § 1003 (a).

Exclusion from gifts, § 1003 (b).

NET INCOME

Corporations, § 21.

Credits against. See "Credits Against Net Income."'
Declared value excess profit taxes, § 602.

Definition, § 21 (a).

Estates, § 162.

Excess profits tax, § 711.

Individuals, § 21.

Insurance companies other than life or mutual, § 204
(b) (2).

Life insurance companies, § 201 (c) (7).

Mutual insurance companies other than life or marine,

§ 207 (b) (4).

Partnerships, § 182.

Trusts, § 162.

Unjust enrichment tax, § 700.

NET LONG-TERM CAPITAL GAIN

Definition, § 117 (a) (8).

NET LONG-TERM CAPITAL LOSS

Definition, § 117 (a) (9).

NET OPERATING LOSS

Amount of carry-back and carry-over, § 122 (b).
Net operating loss carry-back, § 122 (b) (1).
Net operating loss carry-over, § 122 (b) (2).
Amount of net operating loss deduction, § 122 (c).
Carry-backs, §§ 276 (d), 292 (c).

Corporation credits against net income, § 26 (c).

NET OPERATING LOSS-Cont.

Deduction, § 122.

Definition, §§ 26 (c) (2), 122 (a).

Estates and trusts, § 170.

Limitations with respect to carry-backs, § 322 (b) (6).
Mutual insurance companies other than life or marine,
§ 208.

Overstatement of carry-backs, § 294 (e).
Partnerships, § 189.

Personal holding companies, § 505 (c).

Unused excess-profits tax credit carry-backs, §§ 276

(d), 292 (c).

NET PREMIUMS

Mutual insurance companies other than life or marine,
§ 207 (b) (2).

NET SHORT-TERM CAPITAL GAIN

Definition, § 117 (a) (6).

NET SHORT-TERM CAPITAL LOSS

Definition, § 117 (a) (7).

NEW CAPITAL

See Equity Invested Capital."

NON-BUSINESS DEBTS

Deductibility from gross income, § 23 (k) (4).

NON-BUSINESS EXPENSES

Deductibility from gross income, § 23 (a) (2).

NON-DEDUCTIBLE ITEMS

Amounts paid to holders of life or terminable interest,

§ 24 (d).

Betterments, § 24 (a) (2).
Carrying charges, § 24 (a) (7).
Family expenses, § 24 (a) (1).

Indebtedness to purchase endowment contract, § 24
(a) (6).

Indebtedness to purchase single-premium life insur-
ance, § 24 (a) (6).

Items in excess of $50,000 for five consecutive years,
$ 130.

Inter-corporation losses, § 24 (b) (1).
Inter-family losses, § 24 (b) (1).

Inter-fiduciary-beneficiary losses, § 24 (b) (1).
Inter-fiduciary-fiduciary losses, § 24 (b) (1).
Inter-grantor-fiduciary losses, § 24 (b) (1).
Inter-individual-corporation losses, § 24 (b) (1).

Life insurance premiums, § 24 (a) (4).
Living expenses, § 24 (a) (1).

New buildings, § 24 (a) (2).

Permanent improvements, § 24 (a) (2).
Personal expenses, § 24 (a) (1).
Unpaid expenses, § 24 (c).
Unpaid interest, § 24 (c).

NON-EXEMPT PROPERTY

Definition, § 373 (e).

NON-INTEREST-BEARING OBLIGATIONS

Issued at discount, § 42 (b).

NON-PROFITABLE ORGANIZATIONS
Exempt from income tax, § 101.

[blocks in formation]

NOTICE

Demand for payment of tax, § 3655.

NOTICE OF DEFICIENCY

Estate taxes, § 871 (a) (1).
Address for, § 871 (a) (1).
Jeopardy assessment, § 872 (b).
Gift tax, §§ 1012 (a), 1013 (b).
Address for, § 1012 (j).
Jeopardy assessment, § 1013.
Income taxes, § 272 (a) (1), (f).
Address for, § 272 (k).

Jeopardy assessment, § 273 (b).

NOTICE OF FIDUCIARY RELATIONSHIP

[merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][merged small][merged small]

Failure to exercise, § 117 (g).

Individual to be taxed, §§ 400-404.

Stock, personal holding company, § 503 (a) (3).

OPTIONAL STANDARD DEDUCTION

Allowance, § 23 (aa) (1).

Husband and wife, § 23 (aa) (4).

In lieu of certain deductions and credits, § 23 (aa)
(2).

Method and effect of election, § 23 (aa) (3).

Short period, § 23 (aa) (5).

OPTIONAL VALUATION

Gross estate, § 811 (j).

[blocks in formation]

Definition, § 3797 (a) (2).

PARTNERSHIP RULE
Definition, § 24 (b) (2).
PARTNERSHIPS

Amortization deduction, § 190.

Computation of partnership income, § 183.
Charitable contributions, § 183 (c).
General rule, § 183 (a).

Segregation of items, § 183 (b).

Capital gains and losses, § 183 (b) (1).

Ordinary net income or loss, § 183 (b) (2).
Credit against net income, § 184.

Credits for foreign taxes, §§ 131 (a) (4), 186.
Credits for taxes of possessions of United States,

§§ 131 (a) (4), 186.

Definition, § 3797 (a) (2).

Different taxable years from partners, § 188.
Earned income, § 185.

Net operating losses, § 189.
Nonresident aliens, § 219.
Not taxable, § 181.

Partners taxable, § 182.

Partnership returns, § 187.

Property acquired by, gain or loss, § 113 (a) (13).
Stock owned in foreign personal holding company,
§ 331 (a).

Stock ownership in personal holding company, § 503
(a) (2).

PARTY TO A REORGANIZATION

Definition, § 112 (g) (2).

[blocks in formation]

Time of payment, § 822 (a) (1).

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

Authority of clerk to act as collector, § 921.

To collector, § 920 (b).

PAYMENT OF ESTIMATED TAXES

Assessment, § 59 (b).

Computed by collector, § 56 (i).

In general, § 59 (a).

Penalty for failure, § 294 (d).

PAYMENT OF EXCESS PROFITS TAXES

Consolidated return, § 730 (c).

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

PAYMENT OF GIFT TAXES

Extension of time, § 1008 (b).
Receipts, § 1008 (e).

Time of, § 1008 (a).

Voluntary advance payment, § 1008 (c).

PAYMENT OF INCOME TAXES

Collected at source on wages, §§ 1623-1625.

Consolidated returns, § 141 (c).

Deficiencies determined by Board, § 272 (b).
Extension of time, § 272 (j).

Installments, § 272 (i).

Jeopardy assessments, § 273 (i).

Estates and trusts, §161 (b).

Estimated taxes, § 59.

[blocks in formation]
[blocks in formation]

PENSION PLAN

See "Employees' Trusts.''

PENSION TRUSTS

See "Employees' Trusts."'
PERCENTAGE

Capital gain or loss, § 117 (b).
PERCENTAGE DEPLETION

Ball and sagger clay, § 114 (b) (4).
Barite, § 114 (b) (4).
Bauxite, § 114 (b) (4).
Bentonite, § 114 (b) (4).
Beryl, § 114 (b) (4).
China clay, § 114 (b) (4).
Coal mines, § 114 (b) (4).
Feldspar, § 114 (b) (4).

PERCENTAGE DEPLETION-Cont.

Flake graphite, § 114 (b) (4).

Fluorspar, § 114 (b) (4).

Gilsonite, § 114 (b) (4).

Gross income from property, § 114 (b) (4).
Lepidolite, § 114 (b) (4).

Metal mines, § 114 (b) (4).

Mica, § 114 (b) (4).

Oil and gas wells, § 114 (b) (4).
Phosphate rock, 114 (b) (4).
Potash, § 114 (b) (4).
Pyrophyllite, § 114 (b) (4).
Rock asphalt, § 114 (b) (4).
Spodumene, § 114 (b) (4).
Sulphur, § 114 (b) (4).
Tale, § 114 (b) (4).
Thenardite, § 114 (b) (4).
Trona, § 114 (b) (4).

Vermiculite, § 114 (b) (4).

PERJURY

Penalties, § 3809.

PERIOD HELD

Determination of, capital gains and losses, § 117 (h).

PERIOD FOR WHICH DEDUCTIONS AND CRED-

ITS TAKEN

General, § 43.

PERIOD IN WHICH ITEMS OF GROSS INCOME
INCLUDED

See "Accounting Periods."'

General rule, § 42 (a).

Non-bearing interest obligations issued at discount,

§ 42 (b).

Short-term obligations issued on discount basis, § 42

(c).

PERMANENT IMPROVEMENTS

Non-deductibility, § 24 (a) (2).

PERSON

Definition, §§ 145 (d), 3797 (a) (1).
Information returns, § 147.

PERSONAL EXEMPTION

See "Credits Against Net Income."'

PERSONAL EXPENSES

Non-deductibility, § 24 (a) (1).

PERSONAL HOLDING COMPANIES

Additional credit or refund for prior taxable years,

§ 506 (j).

Election as to deficiency dividends, § 506 (j) (1).
Effect of election, § 506 (j) (2).

Administrative provisions, § 508.

Corporations making consolidated returns, § 501 (c).
Deficiency dividends, § 506.

Definition, § 506 (c) (1).

Deficiency dividends credit or refund, § 506.

Deficiency paid, § 506 (a).

Unpaid deficiency, § 506 (b).

Claim required, § 506 (d).

Denied in case of

Fraud, § 506 (f).

No return filed, § 506 (f).

PERSONAL HOLDING COMPANIES-Cont.

Definition, § 501.

Exceptions, § 501 (b).

General rule, § 501 (a).

Gross income requirement, § 501 (a) (1).
Stock ownership requirement, § 501 (a) (2).
Definition of terms used, § 507 (a).

Gross income of insurance companies other than life
or mutual, § 507 (b).

Dividends-paid credit.

Effect of deficiency dividends paid, § 506 (c) (2).
For prior taxable year, § 506 (c) (2) (B).

For taxable year in which paid, § 506 (c) (2)

(A).

Exemption from excess profits tax, § 727.

Extension of time for payment of income tax by, § 56
(c) (2).

Foreign Personal Holding Companies. See "Foreign
Personal Holding Companies.

Liquidation of, § 56 (c) (2).

Personal holding company income defined, § 502.

Annuities, § 502 (a).

Dividends, § 502 (a).

Gains from transactions in

Commodities, § 502 (c).

Stock and securities, § 502 (b).

Income from estates and trusts, § 502 (d).

Income to shareholder, use of corporate property,

§ 502 (f).

Interest, § 502 (a).

Mineral, oil or gas royalties, § 502 (h).

Personal service contracts, § 502 (e).

Rents, § 502 (g).

Rate for taxable years after 1941, § 506 (h).
Rate for taxable years 1939-1941, § 506 (g).
Stay of collection, § 506 (e) (2).

Stock ownership, § 503.

Constructive ownership, § 503 (a).

Application of family-partnership and option
rules, § 503 (a) (4).

Constructive ownership as actual ownership, § 503
(a) (5).

Family ownership, § 503 (a) (2).

Option rule in lieu of family-partnership rule,

[blocks in formation]
« iepriekšējāTurpināt »