Page:United States Statutes at Large Volume 40 Part 2.djvu/780

 nmmx. 2099 Inccmw Tar, 1918—Conti11ued. Page. Income Tax, 1918——G0ntiuued. P¤8¤· gain or loss on sales etc., of Fmperty ac- deductions allowed;_allowgnce for de£lequired before Much 1, 913, at mar- tion, etcz, of mmes, 011 wells, tim er, ket price".: ... 1060 _ 0t•C.,p3·B1B 1067 since, at cost or mventory value  1060 of acquued before March 1, 1913 . 1068 exchange of property; equivalent .. 1060 of dmcovered by taxpayer after March by reorgamzation, etc ... . . 1060 1, 1913, etc  1068 inventories to determine income, author- gifts to chantable, etc., orpnizationn; ized; basis ... . . ... 1060 vocational rehabilitation fnmd innet losses, in regular business operations. 1060 cluded;_lim1t . . ... 1068 on salisdof plants, etc., for war activities 1 I by nourgigegt)  ... 1068 uctmn . 060 cases in m inven redp inlzaxable year 1919; zedeterminsiinn, 1061 mtiiion or gebqtes paid, iQ  ed...  etc . .  .  e tmnsm actumon c . of partners, beneficiaries of estates and 1061 if GO  tiled buftcloss sustained; re- 068 trams .. e rmmation, e . 1 computation of tax for fiscal years at dif- nomesident aliens of designated items, ferent. .  . - .   etc ... 1069 f<>r wg)<;¤Mp¤: P°i‘¤°¤’·F:°¥“c° wr- 1061 dgwh .   ... 1069 rg _._-·________________-·_·.   ' whenlisggiect to different rates for parts 106 mwmgm, ew ____________       Img ° emu YQ? --··-·-·—··· 2 restoring exhaustion of reperty ... . 1069 normal rateslgu net income of   1062 life  n on emysoyees, etc., for or 19 ... _ - Z . Z . t o taxpayer . 1069 ¤P°¤ £I¤t$4,000 of uuzemm *°°1d°¤t¤ 1062 credits allowed for norms] tax; of tax-paid ¤'1b¤°<1“°¤$ ;4°°·m ····- ;-; -·--· ; ·-··· 1062 dividends, etc .. 1069 ¤v<>¤ HM   ¤f ¤¤¤>¤¤ <>r ¤¢¤¤1¢¤*¤ 1062 memes on Fsamn mmuu sm ... mss Umm! in **dd1u°P¥ WWE ··-- _ - -; -····--· 1062 personal exemption of $1,0Ill for single from sales of muws, etc., lmufed ---··- 1064 ,•2,000e¤»h¤¤41¤tt•mi1y,ee4:. 1069 net income glefintfxd; basis of computing for 1 uiditicnal iorminors ordependenta, of ssseaing, l . 064 $2iD each  .  . . , . . 1069 gmsinccmy »¤ms¤i¤c1uas1 ... f¤r ¤¤s¤¤¤id¤¤E •¤i¤¤ ¤¤1y_if ¤i¤¤¤¤r emma i·¤me¤¢,j¤a1d¤¤y,¤¤a ew- ¤<>d1= to UNM S¤¢¤¤ ¤f~im¤ by ernment ctljcers and employees. 1065 ¤¤¤¤tYY th6f¤°f ·---···-·---· 1069 prufesinns, busmeses, rents, dxvndenda, returns required of nonresident alienifor etc _ .. Z. . . : 1065 benefit of deductions or credits. 1069 excluding mccme from hfe msumnce action on claims ...,...,.,,.,. 1070 gigligues; returns of premmms paid,-  collection, etc., if no return filed. 1070, equests, etc. ... .. pm,membr. · · • · _ mterest on State, etc., obligations; Fed- ah g:,;st$§u19v1?$  if ?ihY1du_ 1070 uggcogsbvuds; r<>¢vr¤¤ ¤¢<1¤ir¤<1; 1065 cumpumuggu ggmes; credits, énél. 1070 . - ···-··· · ·-··-·-  returns e .. 1070 by fofelgn GQV?mm€¤*¤ fmm Umwd computation of net income; charities, p§rt;;¤;€;~;;¤¤¤,:;fi£i\;{éS- Qé; - - ·  etc., not deducted. . 2 ... : . 1070 public ¤¢i1i¤i€¤ receipts by Sum vw-:   ?t2l??.?? 1070 °P€¤¢€d ¤¤d°1’ c°¤¤'¤c*>¤» em: Y°· stockholders liable similar to partnersm'i°*j°° -·—-·—·-·-··—··--·- 1066 accounting etc ... I 1070 x>¤y¤f1><=r¤¤¤¤i¤ ¤¤¤*i¤¤d¤ri¤z¢h¤w=>·r mm and emeé subject w normal ma Mt <>~·¤r $@500 --·--- 1066 mm mu ¤¤¤~¤¤·?¤¤= ¤¤<=¤¤ Mm ¤<>¤¤¤¤¤ i¤ uw received am administration. . mu Umwd Sum °“lY ···········-··-·-· 1066 accumulat.ionn§n trust, etc. 1071 deductions allowed in computing net in- for future distribution _,,,,.,...,,,,,,,_ 107], comes; busmess expenses .. 1066 periodically distributed; under court interest on debts; exception. . . 1066 direction ,,,.,,_,,,,_,,,,,,,,, , _____ 107] nonresident aliens from United States responsibility of iiduciuy ,,,,,,,,,,____ 1071 sources ... _ _ .. 1067 com utation of net income; gddidnml taxes, classes, and exceptwns specuied. . 1067 gequests, etc., deductions. 107 1 nonresident aliens 1067 payment of ta.: by iidueziuy; credits, business losses; losses not connected with etc., allowed ... 1071 trade. _ 1067 on periodical distributions to beneraaualty losses not connected with busi- 06 iiciarie? etcea credits, etc .. 1071 nvm ... .. . 1 7 corporations orm to accumulate gs.ms' , wm·t.hl¢·ss debts 1067 etc., to prevent surtax on smdzallowunce for exhaustion, etc., of busi- holders, not subject to income tax,. 1072 ness property. . 1067 stockholders liable on income from. 1072 amcrtizatron of cost of buildings, plants. excess profits tax deducted before comvessels, etc., for prosecution of the puting share of members 1072 war ... - 1067 evidence of purpose if a mere holding redetermination of tax, etc., in three comgany, etc. . ... 1072 years, credits, etc., for overpay- permissi le accumulations. 1072 ments .. 1067 statements required. ... 1072
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