INDEX

ABATEMENT OF TAX ASSESSED,
general statement, 14.
procedure in claiming, 439.
rejection of claims, effect of, 438.

ABSENTEES,

returns may be made by agents for, 26.

ACCIDENT INSURANCE, 280.

ACCOUNTING SYSTEM, 209,

reporting on basis of, 227.

required by state or municipal authorities, 227.

ACCOUNTS ON BASIS OF ACCRUALS, 227.

ACCOUNTS PAYABLE, 307.

ACCOUNTS RECEIVABLE, 238.

income for year created, when, 224.
partnership, profits of, 111.

ACCRUALS OF FIXED CHARGES, 299.

ACCRUED BUT UNPAID INTEREST, 208.

ACCRUED CHARGES, DEDUCTED WHEN, 228.

ACCRUED DEDUCTIONS, 298.

ACCRUED INTEREST ON BONDS, INCOME TO SELLER, 259.

ACCRUING AND ACCRUED INCOME, 206.

reporting on basis of, 207.

ACCUMULATION OF INCOME IN TRUST, 88.

ACTORS, DEPRECIATION ON COSTUMES OF, 348.

ACTUAL DEDUCTIONS ALLOWED, 297.

ACTUAL INCOME TAXABLE, 206.

ACTUAL RECEIPTS, 207.

ADDITIONAL ASSESSMENT, 412.
abatement of, 436.

amended returns for, 391.
corporations, 391.

notice of, 391.
refund of, 436.

ADDITIONAL TAX, 14.

ADDITIONAL NORMAL TAX, 15.
not imposed on non-resident aliens, 15.

ADDITIONAL SUPERTAX, 16.

ADDITIONS AND BETTERMENTS,
are capital investments, 301.
depreciation on, 301.

ADMINISTRATION OF LAWS, 3.

ADMINISTRATORS,

are fiduciaries, 75.

commissions of, 81.

duties of, 77.

income received by, during settlement of estate, 86.
how reported, 87.

ADVANCE PAYMENT OF TAX, 404.

ADVERSE JUDGMENT, LOSS BY, 344.

AGENTS,

fiduciary agent for beneficiary, when, 84.
foreign corporations, appointed by, 178.
for non-resident aliens, 26.

for non-residents, 59.

may make returns for principals, 26.

partnership, non-resident, of, 121.

receipt by, is receipt by principal, 224.
returns filed by, 384.

AGRICULTURAL ORGANIZATIONS, WHEN EXEMPT, 195.

ALIEN CORPORATIONS, 180.

ALIEN PARTNERSHIPS, 117.

see Partnerships.

ANTICIPATED LOSSES NOT DEDUCTIBLE, 333.
profits not taxable, 207.

APARTMENT HOUSES, DEPRECIATION ON, 355.

ARMY, RETURNS SIGNED BY PERSONS IN, 389.

ASSESSMENT AND PAYMENT OF TAX,

additional assessment, 412.

advance payment, 404.

cannot be restrained, 399.

delinquent taxes, interest on, 416.

distraint, 419.

duress, 409.

general statement, 398.

lien, 417.

manner of payment, 405.

notice and demand for tax, 401.

notice of assessment, 401.

payment under protest, 407.

receipt for, 412.

second assessment, 412.

second notice and demand, 403.

suit to collect, 416.

time of payment of tax, 404.

ASSESSMENT INSURANCE COMPANIES, 169.

ASSESSMENTS OF TAX,

abated, how, 439.

how made, 398.

ASSESSMENTS ON STOCK, 281.

ASSOCIATES, WHEN TREATED AS CORPORATIONS, 126.

ASSOCIATIONS TAXABLE AS CORPORATIONS, 126.
dividends from, 263.

ASSOCIATIONS FOR MARKETING PRODUCE, EXEMPT
WHEN, 202.

ASSOCIATIONS (FRATERNAL) EXEMPT WHEN, 1916.

BAD DEBTS, 34.

see Worthless Debts.

BALANCE SHEET,

must show depreciation allowance, 356.

BANK DEPOSITS,

interest credited on is income, 260.
interest on, of non-resident aliens, 46.
no withholding on interest on, 476.

BANK GUARANTY FUNDS, PAYMENTS TO, 329.

BANKS,

foreign, 188.

may deduct all interest on deposits, 143.

no withholding on interest paid on deposits, 476.

BARTER AND EXCHANGE, 211.

BEARER STOCK CERTIFICATES, 71.

BENEFICIARIES,

accident insurance, of, 280.
estate reported as, when, 88.
file own returns, unless, 93.

income from trust estates, 84, 95.

life insurance, of, 282.

non-resident alien, 99.

of estates in foreign countries, 99.
returns filed for, when, 93.

who are, 76.

BILLS RECEIVABLE, 238.

BOARDS OF TRADE, EXEMPT WHEN, 199.

BONDS WITH ACCRUED INTEREST, PURCHASE OF, 259.

BONDED AND OTHER INDEBTEDNESS, 160.

BOOKKEEPING ENTRIES,

allowance for depletion, 363.

allowance for depreciation, 355.
constitute neither loss nor gain, 352.
deductions reported according to, 298.
except when, 209.

losses must be charged off, when, 333.
not conclusive as to income, 208.

worthless debts must be evidenced by, 343.

BOOKKEEPING SYSTEM, 209.

BOOKS,

examination of taxpayers', 431.

BOOKS OF ACCOUNT, 209.

BOOK VALUE OF ASSETS, 210.

BOOK VALUES,

depreciation not based on, 352.
fluctuations in, 333.