ASSESSMENT,

how made, 41-49.

how contested, 49-53.

payment of, does not bar suit to recover more, 50.

taxation of profits of, 9, 19, 20, 65.
of dividends of, 67.

See CORPORATION; SAVINGS BANKS.

BETTERMENTS,

when deducted, 12, 30, 39.

BETTING,

is a vocation, 9.

BONDS,

interest on, taxable, 10, 16, 18, 20, 64.

in aid of railroad, 66.

alien holders, 67.

BOOK ACCOUNTS,

when taxable, 8.

BOOKS OF ACCOUNT.

production of, 47, 77.

corporations to keep regular, 86.

BROKERS,

tax on, 18.

BUILDING COMPANIES,

when exempt, 62.

BUILDINGS.

See IMPROVEMENTS; MORTGAGE.

BUSINESS,

income of a, taxable, 6, 21, 22.

expenses of, and losses in, deducted, 11, 36, 39.

return, 22.

losses, when deducted, 11, 16, 31.

CANADA,

income tax of, 89, 90.

CAPITAL,

good will purchased is, 36.

See INTEREST.

CHARITABLE ASSOCIATIONS,

exempt, 61.

funds held in trust for, exempt, 62.

CIVIL SERVICE,

salaries in, how taxed, 11, 12, 23, 71.

COLLATERAL INHERITANCE LAWS,
enacted by the States, 28.

are constitutional, 90.

COLLECTOR,

duty as to returns, 42, 74, 77, 78.

appeals to and from, 44, 49–53.

secrecy by, 47, 73, 80.

suits against, 49–55.

duty as to penalties, 53.

may require production of papers, 77.

COMMISSIONER OF INTERNAL REVENUE,

income tax assessed by, 4, 78.

returns and statistics to be regulated by, 41, 43, 47, 75, 81.
appeals to, 44, 45, 50, 52.

may pay judgment against collector to plaintiff, 53.

refunding by, 49–53.

discretion as to refunding, 53.

power to refund, when exhausted, 53.

COMMISSIONER OF INTERNAL REVENUE,

decision of, when final, 54.

cont'd.

oath to corporation returns, form of, prescribed by, 60, 75.

CONGRESS,

salaries of members, how taxed, 11, 71.

may impose taxes retrospectively, 56.

CONSTITUTIONAL LAW,

income tax valid as a duty or excise, 1.
examining books and accounts, 47.

retrospective laws, 55, 56.

taxes may be imposed retrospectively, 56, 57.

penalties, 57, 80.

collateral inheritance laws valid, 90.

CORPORATION,

dividends of, how taxed, 13, 14, 18, 19, 24, 31, 82.

returns by, 41, 43, 61, 65, 75, 81.

production of books by, 54.
non-resident, 59.

other corporations, 59-63.

reporting its employees' salaries, 72.
State taxes, as expenses of, 64.
books of account to be kept by, 86.
inspection of, by collector, 87.

COSTS,

may be deducted from profits, 35.

COUNTY,

taxes of, deducted, 11, 30, 64.

not included among corporations taxed, 61.
salaries of officers, when exempt, 72.

CREDITOR,

surrender of collector's receipt to, 88.

DEBTS,

return of, 22.

when deducted, 33, 34.

DECEASED PERSONS,

gains how taxed, 8.

returns of estates of, 41, 48.

DEDUCTIONS,

approval of collector to, 44.

See DEBTS; EXPENSES; FAMILY; FARMER; FIRES; INTER-
EST; LOSSES; MINES; REAL ESTATE; RENT; REPAIRS;
WELLS.

DEPRECIATION,

in stocks, when deducted, 33.

of vessels, 34.

DIRECT TAX,

income tax not a, 1, 89.

DIVIDENDS,

how taxed, 9, 13, 14, 17-19, 22, 24, 25, 31, 66, 67, 69
interest paid as, 65, 82.

EMPLOYER,

salaries withheld by, deducted, 11.

tax paid or reported by, 13, 72, 82.

EMPLOYMENT,

income of, considered, 6.

ENGLAND,

income tax in, 3.

EXCISE TAX,

income tax is an, 1, 89.

payment of, on manufactures, does not exempt profits, 21.

EXECUTOR,

returns by, 8, 41, 48.

EXEMPTIONS,

State officers' salaries, 21, 72.

municipal corporations, 21.

husband and wife, 28.

EXEMPTIONS,- continued.

State and municipal taxes paid, 64.
corporations, 61-63.

EXPENSES,

deducted, when actually incurred, 11, 32-37, 81.
of perfecting a patent, 22.

State and municipal taxes as, 64.

EX POST FACTO LAWS,