Dividends-Continued. Depletion or depreciation reserve, distribution from_- Excessive compensation paid corporate officers treated as_. Federal land bank, taxability_-. 1546 1060 47 1543 107 75 75 Federal reserve bank, taxability. 76 Gross income___ Insurance companies_ Sale of share from which stock dividend paid.. Guaranty by holding company, deductions_---- Inclusion of, in computing net income under section 220__ 31, 692 692 39 582 351 Shipowners' mutual protective, etc., associations, exemption. 89 1542 Stock, acquired after December 31, 1923, gain or loss from sale_--- 1599 1547 Cancellation or redemption of stock before or after distribution 1549 1548 Sale of share upon which paid, gain or loss.. 39 Domestic corporations, definition___. 1509 Exemption of income of foreign governments from stocks, etc_ Dominica, earnings of ships documented under laws of, exemption_. Donations, deduction by corporation__. Dwelling house, minister of the gospel, exemption of rental value_ 89 Rent, deduction of__ 291 Where personal services and capital are income-producing factors___ 1662 403 Educational organizations, contributions or donations to, deduction__. 251 511, 517 Egypt, earnings of ships documented under laws of, exemption. 89 632 403 Bonuses to, deductions. Embezzlement, loss from, deduction__. Employees, aliens, duty of employer to determine status__ Aliens, personal exemption___ Taxability of income_ Association of, as insurance companies-- Receipt, constructive__ Compensation, deduction as business expense. Taxable income__. Foreign governments. Withholding tax at source_ Constructive receipt of bonus stock_. Donations for benefit of, deduction_. Federal, taxability of salaries___ Foreign governments, exemption of compensation___ Information at source as to payments to. 112 315 316 93 1508 108 51 101, 105-109, 112 31-34, 92, 93 86 93 51 108 32 86 1072, 1073 Living quarters, value as taxable income_. Local associations, exemption 33 519 Nonresident aliens, taxability of income_-_ Premiums on insurance policy paid by employer, taxable income_-- 92, 93 33 31 88 Stock of corporation received as compensation, taxable income--- Refund on equitable grounds of penalties legally collected_ Incompetent, deceased, and insolvent persons, nonpayment of taxes__ 1261 32 1091 1306 1311 1331 312, 313, 315 352 34 1572 1331 518 38 1596 1651-1653 Withholding tax at source Evangelists, gifts or contributions to, as taxable income__ Evidence, copies of income returns furnished for use as. Erroneous collection of tax---- Payment of tax, design to evade_-_- Power of internal revenue officers to take.. Residences of aliens_____ Surtax, purpose to escape_- Evidence of indebtedness, compensation paid in Exchange, gain or loss__- Examination of taxpayers' books, Commissioner's authority-.. Exchanges, cotton, exemption__- Farm produce for merchandise, etc., gross income___ Property, basis, gain or loss from sale_ Capital gain______ For other property or money, losses- Gain or loss‒‒‒‒‒ Interest coupons, constructive receipt_-- Stock, for stock in same corporation_. Excise taxes, deductions___. 1573, 1575 52 1571 1572 132 Clergymen, rental value of dwelling house furnished to_. Farmers' cooperative associations___ Federal intermediate credit banks, dividends and interest. Federal land banks, dividends and interest_____ Federal reserve banks, dividends....... Foreign governments. 522 75 75 76 86 Ministers of gospel, rental value of dwelling house furnished to____ 89 Exemptions-Continued. Recreation clubs__. Religious corporations__ Residents of Canada and Mexico_ Sales agents_‒‒‒ Savings banks_ Scientific organizations___ Separation agreement, amount paid under_ Shipowners' mutual protective, etc., associations. Ships documented under laws of foreign country, earnings_ Social clubs Social welfare organizations.. Specific, individuals___. Life insurance companies. States____ Interest on obligations__ Surtax, Liberty bonds.. 520 517 364 522 513 517 73 89 89 520 519 301, 302, 305 685 87 74 78-84 87 Territories Treasury certificates of indebtedness and notes, interest------ 77, 79, 82, 85 Experiment stations, agricultural, compensation of employees. 562, 582 291 111, 327 110,581, 684 102, 291 271, 325-328, 330 291-294, 581, 582 102, 291 112 Exploration, undeveloped mining, etc., claims, effect as to surtax.... 329 101, 102 88 168 13 |