Page images
PDF
EPUB

Page

Section 216. Credits allowed individuals.--

91

Article 301. Credits against net income--

92

302. Personal exemption of head of family-

92

303. Personal exemption of married person.

93

304. Credit for dependents--

93

305. Date determining exemption----

93

306. Credits to citizen entitled to benefits of section 262 and

nonresident alien individual --

94

Section 217. Net income of nonresident alien individuals..

Article 311. Definition

97

312. Alien seamen, when to be regarded as residents.-

97

313. Proof of residence of alien.-

98

314. Loss of residence by alien ---

98

315. Duty of employer to determine status of alien employee-- 99

316. Allowance of personal exemption to nonresident alien

employee_-

99

317. Income from sources within the United States

100

318. Interest-

100

319. Dividends_-

101

320. Compensation for labor or personal services..

101

321. Rentals and royalties.

101

322. Sale of real property.

102

323. Income from sources without the United States.

102

324. Sale of personal property-

102

325. Deductions in general.--

102

320. Apportionment of deductions---

103

327. Other income from sources within the United States----. 104

328. Income derived from sources partly within and partly

without the United States..

104

329. Transportation services

106

330. Computation of income--

109

331. Allowance of deductions and credits..

109

Section 218. Partnerships--

110

Article 335. Partnerships

110

336. Distributive shares of partners.

110

337. Credits allowed partners--

111

338. Taxation of partners in partnership with fiscal year

ending in 1924..

111

Section 219. Estates and trusts.

112

Article 341. Estates and trusts_

113

342. Method of computation of net income and tax.

114

343. Decedent's estate during administration---

115

344. Incidence of tax on estate or trust---

115

345. Credits to trust or beneficiary--

115

3:16. Stock bonus or profit-sharing trust-

116

347. Income of trusts taxable to grantor.

116

Section 220. Evasion of surtaxes by incorporation --

117

Article 351. Taxation of corporations utilized for evasion of surtax.- 117

352. Purpose to escape surtax.

118

353. Unreasonable accumulation of profits_

118

128

129

deposits

373. Release of excess tax withheld from compensation paid

alien residents of a contiguous country-----

374. Use of information return where no actual withholding-

375. Ownership certificates in the case of fiduciaries and

joint owners--

376. Return of income from which tax withheld.

Section 222. Credit for taxes in case of individuals.

Article 381. Analysis of credit for taxes_

382. Meaning of terms--

383. Conditions of allowance of credit...

384. Redetermination of tax when credit proves incorrect

385. Countries which do or do not satisfy the similar credit

requirement

386. Limitation of credit for taxes.-

387. When credit for taxes may be taken.

Section 223. Individual returns..

Article 401. Individual returns.

402. Form of return.--

403. Return of income of minor.---

404. Return of income of nonresident alien_-

405. Return of corporate dividends.

406. Verification of returns.-

407. Use of prescribed forms.

Section 224. Partnership returns..

Article 411. Partnership returns--

412. Contents of partnership return..

Section 225. Fiduciary returns.

Article 421. Fiduciary returns..

422. Return by guardian or committee -

423. Returns where two trusts_

424. Return by receiver----

425. Return for nonresident alien beneficiary-

Section 226. Returns for a period of less than twelve months..

Article 431. Returns for periods of less than twelve months..

129

129

129

130

131

131

132

132

133

134

134

134

135

135

136

136

136

136

137

137

137

138

138

139

139

139

140

140

141

Page

164

165

165

166

166

166

166

166

167

167

168

169

companies

571. Special deductions allowed mutual insurance companies.

572. Deductions allowed foreign corporations..

Section 235. Items not deductible by corporations..

Article 581. Items not deductible_.

582. Capital expenditures_

Section 236. Credits allowed corporations.

Article 591. Credits allowed.---

Section 237. Payment of corporation income tax at source.

Article 601. Withholding in the case of nonresident foreign corpora-

tions

Section 238. Credit for taxes in case of corporations.

Article 611. Credit for foreign taxes_.

612. Domestic corporation owning a majority of the stock of

foreign corporation.

Section 239. Corporation returns.

Article 621. Corporation returns.

622. Returns by receivers_

623. Returns of insurance companies.

624. Returns of foreign corporations-

625. Returns for fractional part of year.

Section 240. Consolidated returns of corporations.

Article 631. Affiliated corporations.--

632. Consolidated returns.

633. When corporations are affiliated.--

634. Change in ownership during taxable year--

635. Domestic corporation affiliated with foreign corporation.

636. Consolidated net income of affiliated corporations_-

637. Consolidated accounts of related trades owned by same

interests_-

638. Different fiscal years of affiliated corporations.

Section 241. Time and place for filing corporate returns.

Article 651. Time and place for filing returns..

Sections 242 and 243. Taxes on insurance companies...

Article 661. Life insurance companies---

Section 244.

Article 671. Gross income of life insurance companies.

Section 245_

Article 681. Reserve funds_

682. Reserve for deferred dividends_

683. Investment expenses--

684. Taxes and expenses with respect to real estate_.

685. Other deductions_---

686. Home office properties.

687. Foreign companies---

169

170

170

171

171

172

172

172

173

173

174

174

175

175

176

176

176

176

177

177

177

178

178

179

180

180

181

181

182

182

Section 254. Returns of payments of dividends ----

Article 1060. Return of information as to payments of dividends_.

Section 255. Returns of brokers.--

Article 1065. Return of information by brokers..

Section 256. Information at source_-

Article 1071. Return of information as to payments of $1,000.--

1072. Return of information as to payments to employees---

1073. Cases where no return of information required.-

1074. Return of information as to interest on corporate bonds.

1075. Return of information as to payments to nonresident

aliens.

1076. Foreign items_-

1077. Ownership certificates for foreign items_

1078. Foreign items presented for collection unaccompanied

by ownership certificates_--

1079. Return of information as to foreign items..

1080. Information as to actual owner.

Section 257. Returns to be public records.

Article 1090. Inspection of returns.

1091. Furnishing of copies of income returns-

1092. Inspection of returns by committees of Congress_

1993. Inspection of returns by State officers.

1094. Inspection of returns by shareholder..

1095. Penalties for disclosure of returns_

Section 258. Publication of statistics -

Article 1101. Statistics of income..

Section 259. Collection of foreign items.

Article 1111. License to collect foreign items_.

Section 260. Citizens of possessions of the United States.-

Article 1121. Status of citizen of United States possession_

Section 261. Porto Rico and the Philippine Islands_

Article 1131. Income tax in Porto Rico and Philippine Islands-----

1132. Taxation of individuals between United States and

Porto Rico and Philippine Islands.

1133. Taxation of corporations between United States and

Porto Rico and Philippine Islands.-

Section 262. Income from sources within the possessions of the

United States_

Article 1135. Citizens of the United States deriving income from

sources within a possession of the United States.-

1136. Domestic corporation deriving income from

within a possession of the United States_.

1137. Income received within the United States_

sources

201

202

« PreviousContinue »