cnm Income TtU, Titk I, RsvImUtl Act of 1918- Continued. payment of tax at source by foreign corporation not in United States; ra~ ___________ ~ _________ ~ __ ra~ when interest guaranteed free of tax____________ ~_~ _______ _ penalty for willful failure tQ pay tax, make retllJ'llll, etc... __ __ ~ __ _ _ __ _ willful failure to collect tax, avoid payment, accounting, etc_____ _ "peI'lJOn" liable for violations. __ _ closing of taxable year by Commis- sioner ___________ ~-- ________ _ immediate payment demanded if acts of taxpayer prejudice collect~on_ notice to be mailed; findings of Com- missioner, presumption of .in- tent _______________ " __ _ __ __ _ _ bond accepted ~..~payer not in default; conditlon___ ~ __ __ __ __ _ enforc~nt on approval of_____ _ discretionary, waiving of require- ments of citizens _____________ _ aliens must furnish tax-paid certifi- ,cates before goin~ abroad _____ _ additional tax for vlolation______ _ returns to be made by all persons paying annually to another $!J5OO or more ______________ _ by united States officials _______ _ details required.. _______________ _ of interest on corporation bonds, etc., regardless of amount ____ _ collection 'of foreign dividends, etc_________________________ _ names and addresses of recipients on demand__________________ _ not app'licable to United States secunties ______ ~ __ __ __ __ __ __ _ by corporations, of dividend pay- ments ____________________ ,__ _ profits, etc., declared as dividends_ accumulated gains; names of per- sons eptitled thereto if distrib- uted~_' _____________________ ~. by bro~ers, of all business trans- actions_ ~ _____ ___ • ___ __ ___ __ _ licenses required for collecting foreign coupons,etc ________________ _ regulations to obtain information of_ punishment for collecting, without __ estates and trusts, tax on income of__ _ trust accumulations ____________ ~ __ periodically distributed ___________ _ receiving during administration ____ _ for discretionary distribution of____ _ payment by beneficiary ___________ _ computation of, as of individuals; exceptions __________________ _ deduction without limitation of gifts, etc., under will or trust_______ _ additional allowance for current dis- tribution and limitation______ _ deductions for payment to benefi- , ciaries; included. in their income_ nonnaI personal exemptions allowed heirs, etc ___________________ _ credi,ts ~ow~ beneficiaries in com- putm~ mcome ______________ _ computation for different taxable years_______________________ _ profi~o:TarmstroBot (talk) _TarmstroBot (talk).~ _TarmstroBot (talk) _TarmstroBot (talk)l~.:~ distributees taxed on amount re- ceived; credit allowed _________ _ INDEX; p .... 835 835 835 835 835 836 836 836 836 836 836 836 836 836 837 837 837 837 837 837 837 837 837 837 838 838 838 838 838 838 838 838 838 838 838 838 839 839 839 839 839 839 Income TtU, Titk I, lUvenue Act of 1988- Continued. estates and trusts; income ,from reo-: vokable trusts; included as of grantor _____________________ _ distribution of income for benefit of grantor from a trust__________ _ determination of capital net gain and lossinreturns~__ • ____________ _ special allo wance for net losses ____ _ forei~n tax allowed as credit of bene- . ,. Cl&l'y s mcome ______________ _ partnerships not taxable; partners taxed as individuals _______________ _ distributive share included in income of partner___________________ _ computation of rates under different laws__________'______ ~ _~ ____ _ net income, same asindividuals__ _ credits allowed; determination of earned income__________ ~ ____ _ application of capital net gains and losses ___________________ _ deduction of net loss _____________ _ credit for foreign taxes _____________ _ sworn statement of gross income required___"__________________ _ insurance companies________________ _ tax on life insurance companies______ _ rate on net income of domestic ____ _ foreign, from liOurces in United States_______________________ _ gross income; sources of______________ _ applicatioJ.! . of "reserve fund re- quired bylaw"_______ ~ ______ _ net income, means gross income less deductions___________________ _ tax free interest__________________ _ reserved on weekly payment assess- ments________________________ _ dividends from corporations, do- mestic; foreign ____________ ' __ _ _ reserves for deferred dividends_____ _ investment expenses; limitation____ _ real estate taxes; exceptions_______ _ exchange of property___________ " __ interest on debts; exception _______ _ specific money credit, if income , $25,000 or less_______________ _ rental value of real estate; limita- tion___________ ~ __ __ __ __ __ __ _ tax on foreign companies, net income of United States business______ _ tax on insurance companies other than life or mutual_________________ ~ domestic companies; foreign compa- nies from United States 80urces_ meaning of terms; "gross income" __ "net income" ___________________ _
- investm~n~ in~ome"~,8ources of_
underwntmg mcome _________ _ "premiums earned on insurance contracts during taxable year," computation of_______________ _ "losses incurred"; computation ~------------~-------------- "expenses incurred" ; computa- tion ot. ______________________ _ net income deductions allowed; Qusi- ness expenses________________ _ interest. ______ _______ _______ _____ _ taxes ___________________________ _ losses ____________________ ~ __ _ _ _ _ __ _ losses from sales of property_______ _ worthless debts __________________ _ dividends from corporations ________ _ Pa&e. 840 840 840 840 840 840 840 841 841 841 841 842 842 842 842 842 842 842 842 842 842 842 843 843 843 843 843 843 843 843 844 844 844 844 844 844 844 844 844 845 845 845 845 845 845 845 845 845
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