Income Tax Law of the United States: Act of September 8, 1916, as Amended and Act of October 3, 1917 Including Summary of Provisions and Regulations Affecting Non-resident Alien Individuals, Partnerships, Fiduciaries and Corporations |
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Page 13
... payment of life , sick , accident , or other benefits to the members of such society , order , or association or their dependents ; 4. Domestic building and loan association and co- operative banks without capital stock organized and ...
... payment of life , sick , accident , or other benefits to the members of such society , order , or association or their dependents ; 4. Domestic building and loan association and co- operative banks without capital stock organized and ...
Page 16
... payments of income will not be subject to the income tax in the hands of the recipients , as from a source within the United States . INCOME FROM FIDUCIARIES If income from sources within the United States accrues to a non - resident ...
... payments of income will not be subject to the income tax in the hands of the recipients , as from a source within the United States . INCOME FROM FIDUCIARIES If income from sources within the United States accrues to a non - resident ...
Page 18
... payments being based upon the quantity of goods produced by the use of such patents , are held to be income accruing to non- resident aliens by reason of property owned or business carried on within the United States . FOREIGN STEAMSHIP ...
... payments being based upon the quantity of goods produced by the use of such patents , are held to be income accruing to non- resident aliens by reason of property owned or business carried on within the United States . FOREIGN STEAMSHIP ...
Page 19
... payment of losses and expenses and reinsurance reserves . FOREIGN LIFE INSURANCE COMPANIES Foreign life insurance companies shall not include as income in any year any portion of any actual premium received from any individual ...
... payment of losses and expenses and reinsurance reserves . FOREIGN LIFE INSURANCE COMPANIES Foreign life insurance companies shall not include as income in any year any portion of any actual premium received from any individual ...
Page 20
... payment thereof . INDIVIDUALS Deductions The following deductions are allowed non - resident alien individuals in determining net income subject to tax only upon condition that they file or cause to be filed with the collector of ...
... payment thereof . INDIVIDUALS Deductions The following deductions are allowed non - resident alien individuals in determining net income subject to tax only upon condition that they file or cause to be filed with the collector of ...
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Common terms and phrases
Act of September actual owner additional tax amount of tax ascer ascertained bank business or trade capital stock centum per annum certificates citizen or resident collected collector of internal collector or deputy Commissioner of Internal company or association computed deduction dends deputy collector distraint district domestic corporations duction excess profits tax exempt expenses fiduciary file returns fiscal foreign corporation hundred and seventeen hundred and sixteen hundred and thirteen income derived income exceeds income received Income Tax Law indebtedness insurance company interest on bonds Internal Revenue joint-stock company liable ment mutual net income exceeds nineteen hundred non-resident alien individuals normal tax office or place organized partnership payable payment person Philippine Islands place of business Porto Rico prescribed Provided further purpose reasonable allowance record owner Secretary subject to tax subject to withholding surtax tax imposed tax paid taxable thereof tion total net income Treasury trust United
Popular passages
Page 41 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property...
Page 41 - Income received by estates of deceased persons during the period of administration or settlement of the estate; and (4) Income which, in the discretion of the fiduciary, may be either distributed to the beneficiaries or accumulated.
Page 63 - ... life insurance companies shall not include as income in any year such portion of any actual premium received from any individual policyholder as shall have been paid back or credited to such individual policyholder, or treated as an abatement of premium of such individual policyholder, within such year.
Page 43 - The fact. that any corporation is a mere holding company, or that the gains and profits are permitted to accumulate beyond the reasonable needs of the business, shall be prima facie evidence of a purpose to escape the surtax...
Page 62 - Any amount paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate; (3) Any amount expended in restoring property or in making good the exhaustion thereof for which an allowance is or has been made...
Page 51 - ... under such regulations as the Secretary of the Treasury may prescribe, shall be a sufficient compliance with the requirements of this paragraph...
Page 11 - In a strict and legal seN.se that is properly the domicil of a person where he has his true, fixed, permanent home and principal establishment, and to which, whenever he is absent, he has the intention of returning (animus rercrtcndi) .u [Italics supplied.] Mr.
Page 82 - ... interest, rent, salaries, wages, premiums, annuities, compensation, remuneration, emoluments, or other fixed or determinable gains, profits, and income...
Page 13 - Fraternal beneficiary societies, orders, or associations, (A) operating under the lodge system or for the exclusive benefit of the members of a fraternity itself operating under the lodge system...
Page 78 - Every collector to whom any .payment of any income tax is made shall upon request give to the person making such payment a full written or printed receipt, stating the amount paid and the particular account for which such payment was made...