Distinguished from Stock, common, 325 compensation, 275- BOOKS, DEPRECIATION OF, 712 Accrual basis (See "Accrual basis") Reconcilement with returns, 145 Reconciliation of taxable income with BRUSHABER V. UNION PACIFIC R. R. Co., 807, 870 Leased (See also "Leases") New, cost of, not deductible, 535 Old, cost of demolishing not deductible, BUREAU OF INTERNAL REVENUE, 158 Rulings and advice, policy regarding re- BURGLARY (See "Theft") CERTIFICATES OF INDEBTEDNESS, 187-190 1917 Act, wholly exempt, 420 Deposit in local federal reserve bank CHAMBERS OF COMMERCE, EXEMPT, 54 CHARITABLE INSTITUTIONS, INCORPORATED OR CHARITABLE SOCIETIES, EXEMPT, 53 CHEMICAL INDUSTRY, DEPRECIATION, 714 Cancelled, or collector's receipt, sent with Uncertified, permitted for payment of CHESEBROUGH V. UNITED STATES, 216 CHOSE IN ACTION, COMMITTEE OF REVIEW AND APPEAL, 161- Acts after claim for abatement or re- Appointed in place of Advisory Tax Talbert, P. S., chairman of, 161 COMMON STOCK, 801 (See also "Stock") COMPOSITIONS, WHETHER DEDUCTIBLE, 676 Of penalties, 132 Affidavit, 192 Procedure, 191-193 Taxes and Penalties, 191-193 Whether deductible as bad debt, 677 Excess profits tax credit, suggested draft statement, 1070 Reconcilement of book net income with Schedule A suggested draft statement, Schedule M (old schedule B), sug- Specific credit prorated, 157 Fiscal year 1918-1919, 149 Form 1120 A, 146, 147 Gifts, deductions for, all income to be Individuals, Fiscal years, 151 Income from "tax-free" bond interest, Liable to surtax, suggested draft state- ment, 1042-1057 Not liable for surtax, suggested draft Partner, liberty bond interest, suggested Ending in 1919, 152, 155, 156 Period for which tax is computed, 260 ending in 1919, 152 COMPUTATION OF TAX (Continued) Rates of previous years, application of, Reconcilement of returns with books, 145 CONNECTICUT INCOME TAX, 4 Cash, part payment in, effect of, 384 "No-par-value stock," 380-384 Limitation on aggregate par value Par value of new securities, 366, 379 and M (old schedule B), 1065-1069 Income tax, federal, suits to determine, CORPORATIONS-(Continued) Affiliated (Continued) Taxable year, when fiscal years are dif- With foreign, credit for taxes paid Agricultural, Donations to fairs, etc., 567 Non-exempt, 51 Alien Property Custodian in charge, 898 Assignees, returns, 97 Associations, 93, 94 Capital stock tax (See "Capital stock Computation of tax (See "Computation Consolidated returns, 98 Net income, 99 Consolidations, 96, 365-369 Cash, part payment in, effect of, 384 Market value of new securities lacking, "No-par-value stock," 380-384 Par value of new securities, 366, 379 Surplus, disposition of, 367, 368 Credit for taxes paid foreign countries, Credits, specific, 36 Prorated, 157 Deductions (See "Deductions") Depreciation (See "Depreciation") Dissolved, surplus, disposition of, 367 Domestic, Capital stock tax, 893-896 Owning foreign, consolidated returns, 103 Excess profits tax (See "Excess profits Excise tax of 1909, 6, 7 (See also "Cap- Exempt, Income tax, 51-57 Must furnish information, 58 Must withhold tax, 58 Right to exemption must be shown, 57 Extension of time, 64 Fiscal year basis, Discrimination against, 146-149 Ending in 1918, amended returns to Used in 1917, amended returns, 115 |