Page:United States Statutes at Large Volume 44 Part 2.djvu/1617

INDEX. cxm Income Taz, Ti!1•II, Rw¢nu•Ad of19£6·- Pan- Income Taz, Title II, RvwnucA•:tqf1926— Pav- Continued. Continued. deductions allowed; taxes; classes and returns required; corporations in exceptions specifned ..... - ...... 42 United States possessions deemed not applicable to corporations guar— foreigxi, - .................... 46 nnteeing payments at source .... 42 time for ng; with collector of dis- paid on interest of stockholders,- - 42 trict, etc ..... - ............... 46 accrual date of estate, etc ........ 42 life insurance companies; tax on net business losses .................... 42 income of, domestic ........... 47 restriction of, on sales of stock, ctc- 42 foreign, from United States sources 47 worthless debts ................... 42 gross income defined ....... ; ...... 47 dividends from domestic %porn- reserve fund required by law, ap- tions; foncign, hom ' nifed plied to assessment in¤ura.nce-- - 47 States sources .... - ........... 42 net income; cxemgtions, interest on allowance for exhaustion of business State, etc., ob 'gations ......... 47 prop•x<.y ............ ; - - - . .... 42 allowance for reserve fund ....... 47 for depletion of mines, oil and gas tax paid dividends, etc- - ., ....... 47 wells, timber, etc ............. 42 reserve fund for deferred divi- applicution to leases ............. 43 dends ....................... 48 additional, to insurance companies investment expenses; 1imita.tions-- 48 other than life. ............... 43 real estate taxes; exceptions ...... 48 mutual marine companies ........ 43 taxes paid on interest of share- other mutual companies returning holders-, .--.--------------.- 48 premiums deposxts -.....-....- 43 allowance for exhaustion of prop- foreign corporations, of designated erty, etc; -.---,-.-...-....... 48 ITABIDB within Umtcd States- .‘--- 43 interest on dcbts· enggegmtion ---..- 48 items not deductible, the same as to ~ speciiic creditof 52, ; limitation 48 individush .-------. . --...-.-- 43 limitation on real estate taxes .-.. 48 credits allowed corporations; interest on not income of forcig comgsnlcs Federal securities --...--.-...- 43 from business wit 'n the niteé domestic corporations; speciiic, of States ---.-......-...-------. 48 $2,000 if net income less than insurance companies, other than life or $25,000 ..--...--......-.....- 43 mutual; tax on net income, do- limitation if exceeding $25,000 ...- 43 mestic ....-.-.--...-----...-. 48 tax tpald at source on income of foreign, fxfmn United States sources 49 omign cor%>ra.tion not business gross income defined ...---..-..--. 49 withm the nited States. .-.... 43 net income defined -.-.-.-....-.--. 49 deductionof interest free from tax- 44 sources of investment income. .-.--. 49 domestic corporation for income, etc., underwriting income defined -..-.... 49 taxes paid abroad; limita.tion--- 44 premiums earned on insurance con- redetermination of taxes paid; re- tracts computed --..--..-..--. 49 fund ........--....-.-....... 44 allowance for losses and expenses in- if accrued but not paid; bond re- curred., -...- .. .-...-- Q --.-... 49 quired. ---.----...-...-.--... 44 deductions allowed in computing net tax credits allowed in year accrued- 44 incomes; ordinary expenses- L - - 49 evidence of foreign income, etc., re— interest on debts ---...-.-.-..... 49 quired. --..--..-.-.--.......- 44 taxes paid- ......---.-....... ; - - 49 domestic cogrstion controlling a lo¤ses--;--;-.. ...--.-.--.. ;;. ...- 50 foreign, med to hsvgxsaid tax worthless debts ......---...-.-. - 50 on dividends receiv there- tax paid dividends ..--..----.-.. 50 from,- --.....-......-......-. 45 exempt interest --...--.-.-..--. - 50 limit of credit al1owed.-.. --.------. 45 allowance for exhaustion, etc ..-.. 50 determination of accumulated 1 specihc allowance of $2,000; cx- prohts. ..-..-.--.- · .-....-.... 45 caption --..--.---..-....--... 50 accounting period for foreign cor- foreign i corporations,} from United p0r•ti0m..>. ..-...--.-.--.-..- 45 testes so1n·cos` --.-. - - ; .....- 1. - 50 corporations in United States pos- duplication forbidden,. .----- T, ;_- -, - 50 sessions deemed foreign .-.-.--. 45 administrative provisions; .---. - -.--.. 50 returns required from corporations ...-. 45 sworn returns required by corporations from agent of foreign. ---..-.-.--.. 45 of ‘dividends,~ mmea of stock- from receivers, trustoos, etc., of; col- — holders, etc .-.-..- `..-.' -.-..... 50 lection of taxes,- .....--..--- 45 by brokers, of businesstrsnsacted; accounting; for part of a you --.... 45 _ details ...-..-- ' ...-- ., ----.--.- 50 statement of dividends, etc., to be returns to be made by all persous5&sy· appended .-..-.-.---.-.--...- 46 ing annually [td others $1, or sepnrste or consolidated, by •.Hili· · -more---· .... 4-;--; ........... 50 ated corporations ...........,. 46 by United Statesroiiidisls, - 4 ....... 50 computation. d consolidated •s· details requirodn-; ....... ---; ..... 51 gummuu .......... ~; ......... 46 of interest onoyorstion bonds, ctc., ownership constituting siliated amounts-_--;; .... 51 corporgdcn. ___, , ,_,,..,.. - - _ 46 A collect on ‘0l foreign dividends- L' .... 51 Chim Trsdo corporations not names and a.ddrcssceol1_rcoipionts on deemed foreign ............... 48 dcmand---·--.; ...... · ‘ .... `-;--;- 51 consolidation o accounts by Com- obligations of United` States ex- missioner .... - ................ 46 cepted. ..................... - 51