Page:United States Statutes at Large Volume 45 Part 2.djvu/1517

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Income Tax oj 19t6, Amendments-Contd. suspension of running of statute of limit- ations on assessments and collec- tions) during prohibited period __ until aecision of Board becomes final, and 60 days after _______ _ applicable, if period not expired __ in transferee cases, the same ______ _ waivers for assessments, after expiration of period of limitation ________ _ by written consent of Commissioner and taxpayer at any time before the assessment _______________ _ after assessment made, by agreement in writin~ for extending collec- tion of Inc<Jme tax, by court action ______________________ _ further extension _______________ _ agreements entered into before Jan- uary 1, 1929, valid ___________ _ validity of prior, no~ affected __ .. ___ _ credit or refund to taxpayer if overpay- ment, instead of deficiency. found by Board______________ _ time limit for filing claim, or petition_ Income Tax, Title I, Revenue Act of 19t81 applicable to 1928 and succeeding years _______________________ _ previous years not affected ________ _ U3e of cross references ___ .. ________ _ classifications of provisions________ _ application to special classes of tax- payers in Supplements________ _ normal tax on income of indl ,iduaL __ one and one-half per cent on first $4,000______________________ _ three per cent on next $4,000 _____ _ five per cent on remainder in excess __ surtax in addition to _____________ _ sales of mines and oil and gas wells _______________________ _ capital net gain and loss ________ _ accumulations by corporations, to avoid paying, by stockholders __ corporation tax ____________________ _ exem~t corporations______________ _ accumulating surplus to avoid sur- tax ________________________ _ for periods embracing years with differ- ent laws ________ .! ___ ____ ___ _ _ net income defined: basis for computing gross income defined; sources included_ exclusions from gross income; income from life insurance policies ____ _ annuities, transfers of, etc _________ _ value of gifts, bequests, etc _______ _ interesi on State and Territorial bonds ______________________ _ farm loan bonds _______________ _ Federal, etc., securities _________ _ statement required in returns ____ _ limitation on Liberty bonds, etc __ amount received for personal injury or sickness __________________ _ as W orId War Compensation pay- ments; or pensions ___________ _ from domestic building and loan associations; limit____________ _ rentals. for dwellings furnished to mllllsters ___________________ _ earned income from sources without the United States ____________ _ salaries of Territorial employees ___ _ income of foreign governments_____ _ INDEX. 3171 Page. 870 870 870 870 870 870 870 870 870 871 871 871 795 795 795 795 795 795 795 795 795 796 797 797 797 797 797 797 797 797 797 797 797 798 798 798 798 798 798 798 798 798 798 798 798 798 _ Income Tax, Title I, Revenue Act of 19ts- Continued. exclusions from gross income; income of foreign ~overnments; States, municipalities, etc ___________ _ receip~s .of shipowners mutual ass0- CiatIOns ________ - __


dividends from China Trade cor- porations_________ ---- - - ----- inventories may be taken to determine income _____________________ _ distributions by corporations ________ _ determination of gain or loss O!l sales of property _ - ___ -__


computation of gross income from sources within and without the United States _______ - _ --- ---- deductions in computing net income; business expenses, including traveling, etc________ -_------- interest on debts_______ - ____


taxes; exceptions_________________ _ accrual of estate, etc. l tax _______ _ tax of shareholder paia by the cor- poration ____________________ _ losses in trade or business_________ _ not connected with trade or busi- ness ________________________ _ casualty losses not connected with business ____________________ _ 'o sses by corporations ____________ _ basis for determining _______ . . ___ _ disallowance of loss on sales of securities ___________________ _ net losses for prior years __________ _ worthless debts __________________ _ exhaustion, etc., of business prop- erty; real estate in life tenancy; property in trusL ____________ _ depletion in mines, oil and gas wells, timber, etc __________________ _ leases held i.n life tenancy. prop- erty in trusL _______________ _ basis for determining depletion, etc _________________________ _ gifts for public use; corporation, etc., for religious, SCientific, etc., purposes ____________________ _ vocational rehabilitation fund ___ _ War veterans' associations, etc __ _ fraternal lodges, etc ____________ _ limit, etc.; unlimited deductions __ allowauce for reserve for future lif.. - bilities, etc.; under contract of casual sales of real property ___ _ dividends from corporations, domes- tic _________________________ _ foreign;. condition ______________ _ from \Jhina Trade corporations, etc., excluded _______________ _ amount transferred to pension trust items ~lt d~aTarmstroBot (talk)ibfe-fu"" ~~;;puti~g iI~t income; personal expenses ____ _ property betterments; restoring prop- erty________________________ _ premiums on life insurance for em- ployees _____________________ _ amounts from life or terminable inter- ests, acquired by gifts, etc ____ _ tax realized on tax free covenant bonds_______________________ _ credits allowed for normal tax of indi- viduals; dividends from domestic corporations_________________ _ Paae. 799 799 799 799 799 799 799 799 799 799 799 799 800 800 800 800 800 800 800 800 800 800 800 800 800 801 801 801 801 801 801 801 802 802 802 802 802 802 802 802