SUITS TO RECOVER TAXES, 443.
against collectors, 445.
against the U. S., 446.
costs, recovery of, 449.

interest, recovery of, 447.

when brought, 444.

SUMMARY ASSESSMENT, 412.

SUPERTAX,

applies to all individuals, 11.
corporations, not imposed on, 15.
corporations, not subject to, 125.
husband and wife, on income of, 18.
Liberty bonds, second issue, 256.

on undistributed profits of corporations, 18.
rates of, 16.

illustration, 17.

tax on undistributed profits called,
tax under both laws imposed, 11.

"SUPERTAX" ON CORPORATIONS, 495.

SUPPLEMENTARY STATEMENT OF CORPORATIONS, 160.
may be varied, 161.

SURPLUS,

taxability of, on reorganization, 220.

SURRENDER VALUE OF INSURANCE POLICIES, 288.

SURTAX, DEFINITION OF, 15.

SYNDICATES, 126.

T. D.,

defined, 5.

TAX,

on income or on person, 20.

paid by residents for non-residents, when, 64.

TAX DUE, 14.

TAX-EXEMPT COVENANTS, 482.

TAX-FREE BONDS,

interest paid on, 145.

TAX-FREE COVENANTS, 482.

TAX ON UNDISTRIBUTED NET INCOME OF CORPORA-

TIONS,

corporations subject to this tax, 496.
income taxes paid within year, 498.

net income invested in business, 499.

invested in obligations of the U. S., 501.
retained for employment in business, 499.
penalty tax, 502.

rate of tax, 501.

increased when, 502.

returns, 502.

undistributed net income, 496.

TAXES,

added to cost of property, when, 246.
assessed against local benefits, 326.
bondholders, paid for, 326.

citizens and residents, deduction of, 31.
corporations, deductible by, 140.

deductible when, 324.

excess profits taxes, federal, 325.

foreign corporations, deductible by, 189.
income taxes, federal, 325.

inheritance, not deductible, 322.
non-resident aliens, deductible by, 53.

not deductible when, 325.

paid for stockholders, 273.

paid within year, 324.

stockholders, paid for, 327.

tenant paid by, 330.

trust estates, deductible by, 81.

TAX WITHHELD AT SOURCE BY WHOM, 476.

TAXPAYER,

law construed in favor of, 6.

TELEPHONE

WHEN, 201.

TENANT,

COMPANIES,

CO-OPERATIVE,

EXEMPT

buildings erected by, cost of, 311.

depreciation on building erected by, 358.
improvements made by, value of, 252.

incidental repairs, may deduct, 312.

insurance premiums deductible when, 312.
lessor and lessee corporations, 149.
payment in lieu of rent, 311.
payments by, for landlord, 253.

rent paid in one sum, 311.

TENANT-Cont.

repairs and improvements, cost of, 311.
taxes paid for landlord, 330.

TENTATIVE RETURNS, 387.

TERRITORIES AND POLITICAL SUBDIVISIONS OF,
income of, 203.

interest on obligations of, 257.

officers and employees of, 234.

THEFT OF PROPERTY, 339.

THREE-YEAR LIMITATION ON SUMMARY ASSESSMENT,
414.

TIMBERLANDS, INCOME FROM, 290.

TIME WHEN LIEN ATTACHES, 418.

TRADE, INCOME FROM, 236.

TRAVELING SALESMEN OF FOREIGNERS, 177.

TREASURY DECISIONS, 5.

TREASURY DEPARTMENT,

effect of construction of law by, 7.

pays no interest, 447.

TREASURY STOCK, NOT STOCK OUTSTANDING, 160.

TRUST AGREEMENTS, 126.

TRUST ESTATES,

deductions allowed to, 80.

definition of term, 79.

distribution of income of, 84.

dividends received by, 271.

foreign fiduciaries, 98.

income of, 79.

foreign, 99.

TRUSTEE, PAYMENT TO, FOR SERVICES DURING PERIOD

OF TRUST, 232.

TRUSTEES,

are fiduciaries, 75.

foreigners acting as, 98.

non-resident aliens acting as, 98.

personal exemption for beneficiary, 37.

TRUSTEES-Cont.

net income of, 83.

specific exemption allowed to, 38.

specific exemption on undistributed income, 89.

TRUSTS TAXABLE AS CORPORATIONS, WHEN, 127.

TUCKER ACT, 446.

UNCERTIFIED CHECKS IN PAYMENT OF TAX, 405.

UNDISTRIBUTED INCOME OF CORPORATIONS, TAX ON,

495.

UNDISTRIBUTED INCOME OF TRUST ESTATES, 87.
estates administered in foreign countries, 99.
set aside for or credited to beneficiaries, 88.

UNDIVIDED PROFITS AND SURPLUS,
most recently accumulated, 268.

UNEARNED INCREMENT, 350.

UNIFORMITY OF TAX, 493.

UNITED STATES,

certificates of indebtedness in payment of tax, 405.
interest on obligations of, 255.

officers of may inspect returns, when, 398.

suits against, to recover taxes, 446.

UNMARRIED PERSONS,

personal exemption, 37.

may be head of family, 38.

UNPAID ACCOUNTS, 207.

VERIFICATION OF RETURNS, 389.

VIRGIN ISLANDS,

status of citizens and residents, 8.

VOCATIONS, 229.

income from, 235.

VOLUNTARY DESTRUCTION OF PROPERTY, 302.

VOLUNTARY OFFERINGS ARE INCOME, WHEN, 231.
VOLUNTARY PAYMENT OF TAX UNDER PROTEST,

409.

WAGES, 229.

see Compensation.

WAIVING THREE-YEAR LIMITATION, 415.

WAR EXCESS PROFITS TAX,

administrative provisions, 533.
annual returns, 532.

corporation, 505.

deductions, 527.

of business having nominal capital,, 530.
specific exemption, 529.

domestic corporations,

net income of, 509.

for prewar period, 510.

foreign corporations,

net income of, 511.

general statement, 504.

individuals, 506.

net income of, 512.

invested capital, 512.

average for year, 513.

borrowed money not included, 513.

business carried on by successor, 514.

investment in bonds not included, when, 513.

investment in certain assets not included, 513.

investment in stocks not included, 513.

invested capital of corporations and partnerships, 515.*
actual cash paid in, 515.

franchise, 518.

good-will, 517.

intangible property, 518.

patents and copyrights, 517.

surplus and individual profits, 520.

tangible property paid in, 516.

tradebrands, 518.

trademarks, 517.

invested capital of foreign corporations, 523.
invested capital of individuals, 523.
invested capital of non-resident aliens, 526.
nominal capital, 526.

occupations, 508.

partnerships, 506.

net income of, 511.

prewar period, 508.

professions, 508.

rate of tax, 530.

in case of nominal capital, 532.
tax paid under former law, 532.
taxable year, 507.

F. I. Tax.-42