Subtitle A-Taxes subject to the Jurisdiction of the Board of Tax Appeals TABLE OF CONTENTS CHAPTER 1-INCOME TAX SUBCHAPTER A-INTRODUCTORY PROVISIONS Sec. 1. Application of chapter. Sec. 2. Cross references. Sec. 3. Classification of provisions. Sec. 4. Special classes of taxpayers. SUBCHAPTER B-GENERAL PROVISIONS PART I-RATES OF TAX Sec. 11. Normal tax on individuals. Sec. 12. Surtax on individuals. Sec. 13. Normal tax on corporations. Sec. 14. Surtax on undistributed profits. PART II-COMPUTATION OF NET INCOME Sec. 21. Net income. Sec. 22. Gross income. Sec. 23. Deductions from gross income. Sec. 24. Items not deductible. Sec. 25. Credits of individual against net income. Sec. 26. Credits of corporations. Sec. 27. Corporation credit for dividends paid. PART III-CREDITS AGAINST TAX Sec. 31. Taxes of foreign countries and possessions of United States. Sec. 33. Credit for overpayments. PART IV-ACCOUNTING PERIODS AND METHODS OF ACCOUNTING Sec. 41. General rule. Sec. 42. Period in which items of gross income included. Sec. 45. Allocation of income and deductions. Sec. 46. Change of accounting period. Sec. 47. Returns for a period of less than twelve months. PART V-RETURNS AND PAYMENT OF TAX Sec. 51. Individual returns. Sec. 52. Corporation returns. Sec. 53. Time and place for filing returns. Sec. 54. Records and special returns. Sec. 55. Publicity of returns. Sec. 56. Payment of tax. Sec. 57. Examination of return and determination of tax. Sec. 58. Additions to tax and penalties. Sec. 59. Administrative proceedings. Sec. 60. Cross references. 26966-38-1 Sec. 101. Exemptions from tax on corporations. Sec. 102. Surtax on corporations improperly accumulating surplus. SUPPLEMENT B-COMPUTATION OF NET INCOME Sec. 111. Determination of amount of, and recognition of, gain or loss. Sec. 112. Recognition of gain or loss. Sec. 113. Adjusted basis for determining gain or loss. Sec. 114. Basis for depreciation and depletion. Sec. 115. Distributions by corporations. Sec. 116. Exclusions from gross income. Sec. 117. Capital gains and losses. Sec. 118. Loss from wash sales of stock or securities. Sec. 119. Income from sources within United States. Sec. 120. Unlimited deduction for charitable and other contributions. Sec. 121. Deduction of dividends paid on certain preferred stock of certain Sec. 146. Closing by Commissioner of taxable year. Sec. 147. Information at source. Sec. 148. Information by corporations. Sec. 163. Credits against net income. Sec. 164. Different taxable years. Sec. 167. Income for benefit of grantor. Sec. 168. Taxes of foreign countries and possessions of United States. Sec. 181. Partnership not taxable. Sec. 183. Computation of partnership income. |