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Add income not credited as such on books, but taxable: Interest credited to sinking fund reserve account.... Adjustment of proceeds of life insurance to taxable amount, if addition (Art. 541).. Total (sum of items 1 to 17).......

325

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Deduct: Income credited on the books but not taxable:
19. Dividends received from domestic corporations and foreign corporations, any part of whose income is

subject to income tax imposed by the United States......
20. Interest on obligations of states and political subdivisions thereof (Art. 74)..
21. Interest on Liberty Bonds, bonds of the War Finance Corporation and other federal obligations

(Arts. 77 to 82 incl.)........
22. Credits to establish Cash Surrender Value of life insurance policies (Art. 294)...
23. Refunds of federal income and excess profits taxes overassessed..
24. Gifts received (Art. 73)........
25. Gains accrued prior to March 1, 1913 (Art. 1561).......

Adjustment of book gain or loss on sale of capital assets in reckoning from value at March 1. 1913,

if a deduction (Art. 1561)........

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Items not charged to Profit and Loss Accounts but deductible on tax return:
29. Bad debts charged to Reserve Account (Art. 151).....
30. Losses actually sustained charged to Reserve Accounts......
31. Adjustment of proceeds of life insurance to taxable amount, if deduction (Art. 541)....
32.

Total adjustments to be deducted (sum of items 19 to 31)...............
33. Net income subject to income tax (item 18 minus item 32)........
34. Add: Interest on Liberty Bonds and Certificates of Indebtedness and 434% Victory Notes and

Bonds of the War Finance Corporation in excess of special exemptions..
35. Net Income (item 33 plus item 34) subject to excess profits tax !).....

421

Consolidated Statements. If corporation is a holding or controlling company, the figures should represent the specified items of income and expense as
shown by the consolidated profit and loss statement.

But not including the net income of any affiliated corporation organized after August 1, 1914, and not successor to a then existing business, 50 per cent
or more of whose gross income was derived from government contracts or subcontracts made between April 6, 1917, and November 11, 1918. Such corpora-
tion shall be assessed separately. (Section 240.)

'In the case of any corporation engaged in the mining of gold, the portion of net income derived therefrom shall be exempt from war profits and excess
profits taxes beginning January 1, 1918. (Section 304.)

Excess profits tax on proceeds from the sale by "discoverer" of mines, oil and gas wells, or any interest therein, shall not exceed 20 per cent of selling price. (Section 337.)

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APPENDIX B

FORMS

On the following pages will be found reproductions of the forms listed below:

1154

FORM No. Pages Abatement, Claim for.......

........ 47 1 080-1081 Taxes erroneously or illegally assessed (but not

paid). Alien, Certificate of, Claiming Residence in the United States ..............................

...:::. 1078

1136 To be filed with withholding agent (employer) by

alien residing in the United States, for the pur-
poses of claiming the benefit of such residence

for income tax purposes.
Bond, Income and Profits Tax (Individual). ......... 1117

To claim for credit for taxes paid to foreign coun

tries or to possessions of United States and to

accompany form 1116. Bond, Income and Profits Tax (Corporation).. ....... 1119

1159 Same as form 1117, except it is for domestic cor

poration, and accompanies form 1118. Chart, Organization-Bureau of Internal Revenue.....

1077 Credit for overpayment of Taxes, Claim for.......... 474 1082-1083

To be credited against the tax due under any other

return. Credit for Foreign Taxes (Individual), Claim for ..... 1116 1150-1153

To accompany form 1040 when credit is sought for

income or profits taxes paid to foreign country

or to possession of United States. Credit for Foreign Taxes (Domestic Corporation), Claim for..........

...... 1118 1155-1158 Same as form 1116, except it is filed by domestic

corporation. Farm Income and Expenses, Schedule of ............ 1040F 1113-1116

To be filed with form 1040 or 1040A when income

is derived from farming. Government Contracts Profits Tax Return........... 1120S 1183 Ownership Certificate.........

1000

1090 When tax is to be paid at source-to be attached

to interest coupons when presented for collection. Ownership Certificate........

1091 Tax not to be paid at source--to be attached to interest coupons when presented for collection.

........................

IOOI

1092

1137

1148–1149

1078–1079

1144-1147

I142

1143

1138-1139

Ownership Certificate-Foreign Dividends and Interest 1001A

Dividends on stock of foreign corporations and

interest on bonds of foreign countries and foreign
corporations. To be attached to these items

when presenting for collection.
Ownership Certificate--Disclosing Actual Owner of
Stock. ........................................ 1087
To be filed with representative in the United States
by foreign principal to disclose actual ownership

of stock of domestic corporation. Personal Exemption, Non-Resident Alien, Claim for .. 1115 Refund, Claim for Taxes erroneously or illegally collected........................

46 Replacement Fund, Application under T. D. 2706 to establish. .....

..................................... 1114 Report of Income Paid to Non-Resident Alien Indivi

duals and Foreign Corporations during the Calendar Year 1918............

::.... 1098 This return accompanies form 1042, on which each

form 1098 is listed.
Report of Income of $1,000 or More Paid during the

Calendar Year 1918 to each Citizen or Resident of
the United States and Domestic Partnership....... 1099
These forms are summarized on form 1096 and are

filed with that return. Return, Annual, Information......

: ...... 1096
Payments of interest, salaries, rent, etc., of $1,000

or more to be filed annually, accompanied by
returns on: form 1099 by every individual or
organization making such payments to a citizen
or resident of the United States or to a domestic

partnership during the calendar year 1919. Return, Monthly, Information.......

....... 1096A
Payments of interest on bonds of domestic and

foreign corporations and countries and dividends
on stock of foreign corporations. To be made
by paying corporation, and to be accompanied

by forms 1001 and 1001A. Return, Annual, Information.......

This summarizes monthly returns made on form

1096A. Return, Monthly of Normal Income Tax to be Paid at Source..

......... 1012 To be filed monthly by withholding agent with

collector. Return, Annual of Normal Income Tax to be paid at Source.......

:::: 1013 To be filed annually by withholding agent with

collector. Return, Annual (Non-Resident Alien) of Normal Income Tax to be paid at Source................... 1042 To be filed annually by withholding agent of pay.

ments to non-resident aliens.
Return, Individual Income Tax...... ....... 1040

Where net income is more than $5,000 for taxable
year.

I 140

1096B

II41

1094

1095

1125

1098-1104

Income Taxi

Year 1919.

Return, Individual Income Tax.....

1040A 1105-1110 Where net income is not more than $5,000 for tax

able year. Return, Individual (Non-Resident Alien) Income Tax. 1040C 1111-1112

Where income of non-resident alien is not more

than $5,000 for taxable period 1919. To be used
when non-resident alien applies for sailing permit

to leave United States. Return, Tentative, Individual Income Tax.......... 10401 1117–1118

To be used for estimating taxes due and request

ing extension of time for filing complete return. Return, Fiduciary Income Tax...

1041 1119-1124 Where income of estate is more than $1,000 and is

distributed periodically, or if a beneficiary is a
non-resident alien. If the sole beneficiary,
however, is a non-resident alien, form 1041 may
be omitted. Form 1040 or 1040A is used by
fiduciary in case of (a) estates before final set-
tlement, (b) trusts where income is held for fu-

ture distribution.
Return, Partnership and Personal Service Corporation
Income Tax....................................

1065A 132-1135 To be made, regardless of amount of net income.

If foreign partnership is doing business in the
United States it must use this form. Period

covered, fiscal year ending in 1919.
Return, Partnership and Personal Service Corporation
Income Tax...................................

1065
1005

1128–1131

1120For Calendar Year 1919. Return, Tentative, Corporation Income and Profits

1031T 1096-1097 To be used for estimating taxes due and requesting

extension of time for filing complete return. Return, Corporation Income and Profits Tax, 1918.... 1120 1160–1167

To be filed by every corporation, joint stock

company, association and insurance company,

whether or not it has net income. Return, Corporation Income and Profits Tax-Calendar Year 1919.................................

........... I120

1120 T109-1174

1169-1174 Return, Corporation, Income and Profits Tax for

Fiscal Year Ending in 1919...................... 1120A 1175-1182 Return, Information, Subsidiary or Affiliated Corporation........................................... 1122

1184 Return, Capital Stock Tax, Domestic Corporation.... 707 1084-1087 Return, Capital Stock Tax, Foreign Corporation .... 708 1088-1089 Statement of Income Received by Non-Resident Alien

from Sources within United States (Personal Exemption Claimed).................................. 1001B 1093 To be filed with withholding agent by non-resident alien owning bonds of a domestic corporation

which contain a tax-free covenant clause. Substitute Certificate (Ownership).......

1058

1126 Tax not to be paid at source. Used by resident

collecting agents and responsible banks to re-
place form 1oor (original ownership certificate)..
Form rooi should be detached and sent direct to
the Commissioner.

Taxes......:

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Substitute Certificate (Ownership)................

Tax to be paid at source. To be used in the same
manner as form 1058, except it replaces form
1000. The use of substitute certificates is not
permitted in case of ownership certificates pre-
sented with coupons for collection by non-resi-
dent alien individuals, partnerships or corpora-
tions.

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