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good will

34

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income from property ex-
changed

36
installment sales..

34
patents and copyrights.. 34
personal property........35, 36
real estate.

28, 33, 110
stocks,

28, 33, ITO
rents and royalties..
taxable interest on Liberty

Bonds and other obligations

of the United States.... 25
deductions from
bad debts.....

.62, 115, 116
business expenses

54, 55, 56, 66, 114, 115
contributions or gifts..64, 65, 114
depletion.

.63, 64, 117
depreciation .62, 63, 116, 117
interest.

56, 57
losses.. .57, 58, 59, 60, 61, 112
taxes

. 57, 115

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38
38

38

106, 107

16
13

22

I
Income
dividends...

III
depletion reserve.
liquidating.
miscellaneous types of.
source of dividend as to year.. 38
stock.

39
earned.

81-83
from

business or profession.
operations...

108, 109
property exchanged
miscellaneous..
of
farmers..

39, 40
nonresident aliens.

41
partnerships....
exempt

gifts and bequests...
income received from any

state or political subdivision
thereof..

47
interest upon United States
obligations...

49
Liberty bond exemptions. 49
proceeds of life insurance
policies.

47

36
40

21

26

Gifts
and bequests.

47
or contributions..

.64, 65, 114
Gross income

bond premium and discount,. 25
compensation,
corporations.

108-III
defined.
dividends, income from

depletion reserve.
liquidating dividend.
miscellaneous types of.
source of dividend as to year.. 38
stock....

39
income from

business or profession....

21, 108

47

38
38
38

22

gross income

fiscal year.

bond premium and discount.. 25
compensation.

21
defined..

21
dividends, income from 38, 39, III
income from business or pro-
fession.

22
interest.

25, 109
long-term contracts

24
partnership income.

26
profit from sale of
bonds..

28
good will.

34
installment sales.

34
patents and copyrights.. 34
personal property.

· 35, 36
real estate.

. 28, 35
stocks..

.28, 33
net
items deductible in computing

bad debts..........62, 115, 116
business expenses

54, 55, 56, 66, 114, 115
contributions or gifts. ...64, 65
depletion...

.63, 64, 117
depreciation. .62, 63, 116
dividends

113
interest.

..56, 57
losses..

·57, 58, 59, 60, 61
taxes.

·57, 115
items not deductible in

computing.. ......65, 66, 117
tax
accounting for returns.

84
legislation..
on corporations
balance sheet and working

papers of corporations... 107
capital stock tax..

133
computation of corporation
taxes.

121, 122, 123
corporations exempt from

tax.
corporation, defined.

.... IOI
gross income
dividends....

113
income from operations

108, 109
interest

109
miscellaneous sources of
income..

III
profit from sale of capital

assets
rents and royalties

IIO
information at source. 108
income tax working
sheet..

.128, 129
net income. III, 112, 113
items deductible in com-

puting
bad debts....
business expenses. . 114, 115
depletion...

depreciation.

116
dividends

113
items not deductible in
computing..

117
payment of taxes.

123
penalties...

107
returns
for a period of less than
twelve months..

103
time and place for filing.. 106
on individuals
bases upon which returns
may be filed..

13
calendar year

13, 14

13
classification of expendi-
tures (chart).

66
computation of taxes
normal tax...

69
credits allowed
individuals
dividends..

70
exemption for de-

pendents.. .71, 72
personal

exemp-
tion.

71
taxable interest

upon obligations
of the United
States...

71
nonresident aliens...

72
surtax...

. 73, 74, 75
computing income on
nual basis...

.78, 79
deductions from

gross
income
bad debts...

62
business expenses

54, 55, 56, 66
contributions or gifts.64, 65
depletion..

.63, 64
depreciation

.62, 63
interest.

:56, 57
losses.

57, 58, 59, 60, 61
taxes.

57
exempt income

gifts and bequests. . 47
income received from any

state or political sub-
division thereof.

47
interest

upon United
States obligations.... 49
Liberty bond exemptions. 49
proceeds of life insurance
policies.

47
filing of returns.

9
fiduciaries..
nonresident aliens.

13
partnerships..
gross income
bond premium and dis-

count.

an-

7, 8

. 105, 106

IIO

115, 116

117

25

198

21
21

38

38
38

38

22

miscellaneous.

40
of
farmers.

· 39, 40
nonresident aliens.

41
partnerships.

26
installment sales.

34
interest....

25
long-term contracts.

24
profit from sale
good will..

34
of bonds

28
patents and copyrights.. 34
personal property..

·35, 36
real estate.

.28, 35
rents and royalties..

27
taxable interest on Liberty

bonds and other obligations
of the United States.

25
items not deductible in com-

puting.
payment of tax at source.

80
penalties for failure to make re-
turns.

17
reporting of income
cash or accrual basis..

15
tax on capital net gain.

80

16
time and place for filing returns.
Interest....

25, 49, 56, 57, 109, 110

40

41

.65, 66

24

.28, 33

L

7, 8

compensation
defined...
dividends

from depletion reserve.
liquidating....
miscellaneous types of.
source of dividend as to

year...
stock.

39
income
from
business or profes-

sion.
property exchanged. 36
miscellaneous.
of
farmers

-39, 40
nonresident aliens...
partnerships

26
installment sales.

34
interest....

25
long-term contracts.
profit from sale of
bonds..

28
good will.

34
patents and copyrights 34
personal property. · 35, 36
real estate.

.28, 35
stocks..
rents and royalties. 27
taxable interest on Lib-

erty bonds and other
obligations of the
United States.

25
items not deductible in

computing... .65, 66
payment of tax at source.. 80
penalties for failure to make
returns..

17
reporting of income
cash or accrual basis..

15
tax on capital net gain.. 80
time and place for filing re-
turns.

16
Individuals
bases upon which returns may
be filed..

13
credits allowed
dividends..

70
exemption for dependents...71, 72
personal exemption..

71
taxable interest upon obliga-

tions of the United States.. 71
filing of returns.

.9, 12, 13
gross income
bond premium and discount..

25
compensation.
defined..

21
dividends.
income
from

business or profession...
property exchanged.... 36

Legislation, income tax..
Liberty bond exemptions.

49
Life insurance policies, proceeds of,
exempt from taxation.

47
Liquidating dividends.
Long-term contracts.

24
Losses.

:57, 58, 59, 60, 61

38

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N
Net income
items deductible in computing
bad debts...

62, 115, 116
business expenses

54, 55, 56, 66, 114, 115
contributions or gifts.

.64, 65
depletion..

.63, 64, 117
depreciation

.62, 63, 116
dividends.

113
interest.

56, 57
losses.

·57, 58, 59, 60, 61
taxes.

57, 115
items not deductible in com-
puting..

..65, 66, 117
Nonresident aliens
credits allowed.

72
income of.

41
Normal tax.

..69, 121

21

38, 39

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