Internal Revenue Service—Continued Income and excess profits taxes regulations (1939 IRC)—Continued Vessels Continued Construction reserve funds, establishment of, 26 Part 32-Continued Basis for determining gain or loss and for depreciation of, Construction or acquisition by controlled corporation, 26 § 32.25 Contracts obligating deposits, 26 § 32.19 Period of construction, 26 § 32.20 Requirements concerning; documentation, financing, type, etc., 26 § 32.18 Noncompliance with requirements; effect of, on tax liability, 26 § 32.21 Operating of vessels; requirements respecting, 26 § 32.3 Reimbursement, from fund; payments prior to establishment of fund, 26 § 32.7 Reports by taxpayers, 26 § 32.24 Scope of statute, 26 § 32.2 Securities: Investment of funds in, 26 § 32.8 Valuation of securities in fund for purposes of replacement, etc., 26 § 32.9 Withdrawals from fund; noncompliance with requirements, effect Income from operation of, by nonresident aliens; taxation pursuant to Income tax regulations (1954 IRC): Tax conventions with various countries respecting taxation of income. Taxable years beginning after December 31, 1953, 26 (1954) Part 1 Accounting; methods and periods (fiscal year, calendar year, etc.): Repeal; effect of, tax liability, statement requirements, waiver of interest, extension of time for making certain payments, etc., 26 §§ 1.9000-1-1.9000-8 Gross income, taxable years for which items of included; prepaid income, 26 §§ 1.452-1.452-8 Repeal; effect of, tax liability, filing of statements, waiver of interest, extension of time for making certain payments, etc., 26 §§ 1.9000-1-1.9000-8 Computation of taxable income: Awards and prizes, 26 §§ 1.74, 1.74–1 Bond premiums, treatment of, 26 §§ 1.75, 1.75-1 Child, services of, 26 §§ 1.73, 1.73-1 Commodity Credit Corporation loans; election to consider as income, 26 §§ 1.77-1.77-2 Deductions; payments to employees of foreign corporations, 26 § 1.176 Joint-stock land banks; mortgages made or obligations issued by, 26 § 1.76 Prizes and awards, 26 §§ 1.74, 1.74-1 Securities, tax-exempt, dealers in; treatment of bond premiums, Consolidated returns of affiliated corporations, 26 §§ 1.1501-1.1552-1 Allocation of income and deductions for related trades or busi nesses; reference, 26 § 1.1505 Internal Revenue Service—Continued Income tax regulations (1954 IRC)-Continued Taxable years beginning after December 31, 1953, 26 (1954) Part 1-Con. Computation of tax, recognition of gain or loss, and basis, and pay ment of tax, 26 §§ 1.1502-30-1.1503-1 Definitions, 26 §§ 1.1502-2, 1.1504-1.1504-1 Disallowance of surtax exemption and accumulated earnings credit 26 $ 1.1551, 1.1551-1 Earnings and profits, 26 §§ 1.1552, 1.1552-1 Suspension of statute of limitations; reference, 26 § 1.1505 Corporate distributions and adjustments, 26 §§ 1.301-1.373, 1.391-1.395 Effective date, 26 §§ 1.391-1.395-1 Insolvency reorganizations, 26 §§ 1.371-1.373-3 Liquidations, 26 §§ 1.331-1.346-3 Organizations and reorganizations, 26 §§ 1.351-1.368-3, 1.3711.373-3 Depreciation of property. See Property disposition. Estimated expenses, reserves for; deductions. See Accounting. Estimated tax; effect of repeal of certain sections of 1954 Code with respect to accounting methods, 26 § 1.9000-7 Gain or loss on disposition of property. See Property disposition. Inventories, "lifo"; involuntary liquidation of, 26 §§ 1.1321-1.1321-1 Payments, time for making; extension of time where amount to be paid is increased by reason of repeal of certain provisions respecting accounting (prepaid income and reserves for estimated expenses), 26 § 1.9000-8 Prepaid income. See Accounting. Property disposition, gain or loss on; depreciation, election as to amounts allowed for, before 1952, 26 §§ 1.1020, 1.1020-1 Securities and stocks: Tax on transfers of stock or securities to avoid income tax, 26 §§ 1.1491-1.1494-2 Foreign trust, definition of, 26 §§ 1.1493, 1.1493-1 Imposition of tax, 26 §§ 1.1491, 1.1491-1 Nontaxable transfers, 26 §§ 1.1492, 1.1492-1 Returns, payment, and collection of tax, 26 §§ 1.1494-1.1494-2 Tax-exempt securities, dealers in; treatment of bond premiums, 26 S$ 1.75, 1.75-1 Temporary Rules, 26 (1954): Accounting periods and methods of accounting: Prepaid income; manner of making election, change in methods, Real property taxes, accrual of; manner of making election, etc., Adjustments pursuant to determinations under income tax laws; agree- Agreements: Definitions; agreements treated as determinations, Temp. Rule 19 Personal holding company deficiency dividends; determination by agreement other than closing agreement, Temp. Rule 12 Annuities, proceeds of endowment and life insurance contracts; exclusion from gross income, Temp. Rule 1 Actuarial tables, ¶ (f) Authority, delegation of; rules applicable to, Temp. Rule 22 Contributions and gifts, deductions for individuals, Temp. Rule 4 Corporations; unincorporated business enterprises, electing to be taxed as domestic corporations, Temp. Rule 23 Credits for tax; foreign tax credit allowed to shareholders of regulated investment company, election, etc., Temp. Rule 17 Deductions, in computation of taxable income: Contributions and gifts, charitable, etc., Temp. Rule 4 Depreciation; agreements as to useful life and rate of, Temp. Rule 3 Internal Revenue Service-Continued Income tax regulations (1954 IRC)-Continued Temporary Rules, 26 (1954)-Continued Deductions, in computation of taxable income-Continued Mineral interests, deductions for depletion, Temp. Rules 14 and 15 Soil and water conservation expenditures, not chargeable to capital Definitions: Agreements treated as determinations, Temp. Rule 19 Property, definition of; mineral interests, operating and non operating, Temp. Rules 14 and 15 Delegation of authority, rules applicable to, Temp. Rule 22 Depletion of natural resources, deductions for, Temp. Rules 14 and 15 Estates, trusts, etc.: Distributions by trusts in first 65 days of taxable year, Temp. Rule Executor or receiver, notice of qualification as, Temp. Rule 20 Exclusions from gross income: Annuities, proceeds of endowment and life insurance contracts, Discharge of indebtedness, income from, Temp. Rule 2 Executor or receiver, notice of qualification as, Temp. Rule 20 Filing of corporation returns. See Deductions. See Returns. Foreign personal holding company, undistributed income of; tax on, Foreign tax credit allowed regulated investment company shareholders, Gain or loss on disposition of property; discharge of indebtedness, Gifts, charitable, etc.; deductions for, Temp. Rule 4 Indebtedness, discharge of; income from: Exclusion from gross income, Temp. Rule 2 Gain or loss, adjusted basis for determining, Temp. Rule 18 Information returns. Insurance, endowment and life, proceeds from; annuities, exclusion from gross income, Temp. Rule 1 Actuarial tables, ¶ (f) Investment companies, regulated; foreign tax credit allowed shareholders, Temp. Rule 17 Mineral interests, treatment of as one property: Nonoperating mineral interests, Temp. Rule 15 Mitigation of effect of limitations, etc.; agreements treated as deter- Organizational expenditures of corporations, special deductions for; time and manner of making elections, Temp. Rule 7 Personal holding companies: Deduction for deficiency dividends; determination by agreements, claim required, etc., Temp. Rule 12 Foreign personal holding company, undistributed income; election respecting taxes, Temp. Rule 13 Undistributed income of: Deduction of taxes, election respecting, Temp. Rule 11 Lien in favor of United States, shareholders' election respecting, Temp. Rule 11 Prepaid income; manner of making election, change in apportioning income, etc., Temp. Rule 8 Internal Revenue Service-Continued Income tax regulations (1954 IRC)—Continued Property, definition of; mineral interests, operating and nonoperating, Real property taxes, accrual of; manner of making election, etc., Temp. Receiver or executor, notice of qualification as, Temp. Rule 20 Regulated investment companies; foreign tax credit allowed share- Research and experimental expenditures; deductions for, Temp. Rule 5 Returns: Corporation income tax returns; automatic extension of time for filing, Temp. Rule 21 Information returns; notice of qualification as executor or receiver, Temp. Rule 20 Shareholders: Corporations used to avoid income tax on shareholders; personal holding companies. See Personal holding companies. Investment company, regulated; foreign tax credit allowed to shareholders of, Temp. Rule 17 Soil conservation expenditures, treated as expenses not chargeable to Taxes, real property, accrual of; manner of making election, etc., Temp. Trusts, distributions by (in first 65 days of taxable year), Temp. Rule 16 Water conservation expenditures, treated as expenses not chargeable to Estimated expenses, reserves for; manner of making election, etc., Treaties and tax conventions with various countries respecting taxation of Industrial alcohol; excise tax on. See Excise tax regulations. Information respecting violations of internal revenue laws, rewards for; administrative provisions respecting, 26 § 455.1 Initiation fees and dues, for membership in social, athletic and sporting clubs; excise tax on, 26 §§ 101.1, 101.22-101.44 Inner tubes; excise tax on sales by manufacturers, 26 §§ 316.30-316.32 Inspection of tax returns by various Congressional committees, agencies, etc. Insurance companies; income taxes. See Income and excess profits taxes regulations. Insurance policies, foreign, documentary stamp tax on, 26 §§ 113.100–113.110 Intoxicating liquors. See Liquors, distilled spirits, etc. Investment companies registered under Investment Company Act of 1940; income taxes. See Income and excess profits taxes regulations. Ireland, taxation pursuant to treaties with. See Treaties and tax conventions. Isonipecaine; excise tax on narcotics. See Excise tax regulations. Japan, taxation pursuant to convention with. See Treaties and tax conventions. Jewelry, etc.; excise tax on sales by retailers, 26 §§ 320.30-320.38 Judgments against United States, claims for payment of; administrative provisions respecting, 26 § 459.1 Liens: Collection of taxes; liens, 26 (1954) §§ 301.6321-301.6326 Light bulbs and tubes, electric; excise tax on sales by manufacturers, 26 §§ 316.180, 316.181 Internal Revenue Service-Continued Lighters, for cigars, cigarettes, etc.; excise tax on manufacturer's sales, 26 §§ 316.196-316.199, 320.75a Limitations, period of, in case of related income taxes; types of adjustment permissible, ascertainment of amount of increase or decrease, application to affiliated groups, etc., 26 Part 473 Liquors, distilled spirits, etc.: Excise tax regulations. See Excise tax regulations, above. Intoxicating liquors (distilled spirits, wines, and malt beverages); regulations under Federal Alcohol Administration Act: Advertising. See Labeling and advertising. Basic permits for importers, producers, rectifiers, blenders, bottlers, warehousemen, and wholesalers; issuance of permits, and proceedings to revoke, suspend, and annul, 27 Part 1 Bulk sales and bottling of distilled spirits, warehouse receipts, sales, etc., 27 Part 3 Labeling and advertising: Distilled spirits, standards of identity, standards of fill, issuance of certificates of exemption from, label approval, etc., 27 Part 5 Malt beverages; withdrawal of imported malt beverages from customs custody and issuance of certificates of label approval and release and issuance of certificates of approval for malt beverages domestically bottled or packed, 27 Part 7 Wine; standards of fill for containers, issuance of certificates of, Nonindustrial use of distilled spirits and wine, 27 Part 2 Credit period to be extended to, 27 Part 8 Luggage; excise tax on sales by manufacturers and retailers, 26 §§ 316.100316.103, 320.60, 320.61 Machine guns; excise tax on. See Excise tax regulations. Machines, business, office, and store; excise tax on sales by manufacturers, 26 §§ 316.140, 316.141 Malt beverages: See also Liquors, distilled spirits, etc. Excise tax on. See Excise tax regulations. Manufacturers' sales of various products; excise tax on. See Excise tax regulations. Marihuana Tax Act of 1937, excise tax regulations under, 26 Part 152 Marine glasses; excise tax on sales by retailers, 26 § 320.36 Matches; excise tax on. See Excise tax regulations. Medicinal vehicles made with alcohol, excise tax on sale for nonbeverage use, 26 § 171.7 Military and naval forces, income tax on members of. See Income and excess profits taxes regulations. Mines and mining: Corporations, mining; excess profits tax. See Income and excess profits taxes regulations. Hydraulic mining in California, tax on debris, 26 Part 317 Mineral interests; treatment as one property in computation of taxable income, 26 (1954) Temp. Rules 14, 15 Mines and other natural deposits; deductions for depletion, development, exclusions from gross income, etc., 26 §§ 39.22 (b) (15)-1, 39.23 (m)-1-39.23 (m)-28, 39.23 (cc)-1, 39.23 (ff)-1; 26 (1954) Temp. Rules 14, 15 Motor vehicle fuel, excise tax on: Diesel fuel, 26 Part 324 Gasoline, 26 Part 314 |