Joint-stock companies, classification as corporation_. Distinguished from partnership. Returns, copies --- Joint-stock land banks, first mortgages executed to, exemption_. Land banks, Federal, exemption of dividends and interest. Landlord and tenant, crop shares, tax on--- Depletion in case of----- Depreciation deductions__. Income from leased property- Rent. See Rent. Taxes paid by lessee, income to lessor__ Last due date, filing of returns_. Leasehold, property, exchange of.... Leases. See Landlord and tenant. Legacy taxes, deduction___. Levee, assessments, deduction_. Districts, taxability of interest on obligations of__- Liberty bonds, interest, credits of beneficiaries of estate or trust_. Interest, exemption of_ License, collection of foreign items_ Depreciation, deduction. Fees, automobile, deduction_. Taxes, deduction____ Lien for tax, enforcement by bill in equity- Life estates, deductions_ Life insurance, assessment and collection of tax on companies.. 1501 1503 1091 75 50 1353 112 1235, 1381 75 38 201-204, 227 110, 201-204, 227, 230 547 110 444 1572 134 133 74 345 77-84 1111 163 131 131, 132 1204 294 661 War Risk Insurance Act, taxability of insurance payable under----- 72 Light districts, taxability of interest on obligations of.. 74 1233 Return of corporation going into, for fractional part of year--- 651 Living quarters furnished to employees, value of, as taxable income_. 33 564 Loans of securities to foreign governments, exemption of income from___ - 86 · 562 519 131, 133, 684, 693 Losses, assessment paid by national-bank stockholder.. 291 Losses-Continued. Discount on corporate bonds. Sale of capital stock....... Exchange of property for other property or money- Farm conducted at continual loss from year to year--- Farmers, deductions Fire or flood, deduction_ Gifts as constituting_--- Good will, sale---- 563 543 1573, 1575 38 145 141, 145 Indemnity, deduction in computing loss__. Insurance reducing------ Life-insurance companies. Live stock, deduction__ Net, capital___. Nonresident alien individuals, deduction_ Purchase by corporation of own stock. Sale, capital stock__ Patents or copyrights_. Property. Residential property Securities, sale and repurchase.... Scrapping of machinery, deduction_ Shrinkage in stocks, deduction__. Storm, deduction_. Theft, deduction Voluntary removal or demolition of buildings, deduction_.. Lots, sale of land in, gross income_. 41 141, 145 145 1621-1625 271, 325, 327 40 543 40 1561 141 146 142 144 141, 145 141, 271 142 43 M Machinery, deduction, cost. Farm, deduction of cost.__. Depreciation allowances. Profit from sale as taxable income- Losses, due to obsolescence_. From scrapping of Net loss from sale____ Malfeasance, setting aside determination of amount of tax or penalty- Manufacturing business, deduction of expenses__. Gross income from, defined_-- Inventories____. Sources of income within United States_ Map, attaching to return where depletion claimed. Market, definition___ Depreciation allowance, determination_. Fluctuations, deduction of losses due to_ Inventories Value. See Value. Marriage, fees as taxable income.. Separation agreement, deduction of amounts paid under.. Exemption of allowance based on. Settlement as gift---- 111 111 162, 171 38 143 142 1621 1341 101-104 35 1617 328 1614 167 144, 154 1612, 1614 32 291 73 73 Married persons, personal exemption_ 301, 303, 305 Returns___. Inspection. -401, 421 Maryland ground rents, deduction of payments made for_._ Masses for the dead, sums received for saying, as taxable income..._ Meals, deduction of expenses for--. Mechanics' arts, exemption of compensation of employees of colleges---- 121 515 32 101, 103 88 Mexico, establishment of residence to release excess tax withheld_ 373 Military service, allotments and allowances, War Risk Insurance Act__. 72 Ministers, foreign governments, exemption of income- Gospel, rental value of dwelling houses furnished to.. Returns 1617 86 89 301 403, 422 Executed to Federal land banks, Federal intermediate credit banks, 153, 154 ! Mutual insurance companies-Continued. Rate of tax---- Reserves, deductions Tax to which subject- Mutual protective, etc., associations, shipowners', exemptions_ 691 569 691 89 513 N National bank, assessment paid by stockholder as deductible item. 292 566 National farm loan associations, dividends and interest, taxability-- 75 201-214, 225-228 Natural gas. See Gas. Naturalization, proof of residence of aliens. 313 Naturalized citizens___ Naval service, allotments and allowances, War Risk Insurance Act_ Information at source as to payments to persons in_ Pensions___ Salaries paid to employees in..... Verification of returns by persons in Neglect, filing returns, delay in, willful___ Net gain, capital___. Net loss applied against__. Net income. See also Deductions. 4 72 291 1073 32 72 109 406 445 1251 1651-1653 1623 21-24 New Zealand, earnings of ships documented under laws of, exemption___ |