Page:United States Statutes at Large Volume 44 Part 1.djvu/1988

 §909 · TITLE 26.7-INTE. mmselecl or cqu$terfeit stamp gud the  parchment, docummat,. paper, package, px-/article upon §·hich it_ is played pr imp1*e&éd  be fcrfeitod to the‘Uuit& States. _ {Feb.`26, 19%,- ` ~c.`2?,¤§`S@, —14_Smt..109.)_ _ _ ‘ _ Q ‘ . _‘ . . This sectiqu repéaled and reenacted: see note ,at‘ beginning of msscimpter.    _ .‘·  V Chapter 19.+-INCOME TAX,   _ ‘ = ` ·= V ,YAB‘! I. GENERAL {PROVISIONS 9::1. mduxmns. A - . —» . {$§. Dividends aud; distributions., ~ 933. Amq¤f of gain derivgd or lcsé sustained from sale or other I diséositiéa oi. property. _ l ‘ . ., - 934. ®i§S_;9l‘ imma riot recognized.   »  935. Basis of determining gain cr loss, and so forth. _ $@8. Byequimment of inventories. . _ - _ 937. Net icsms`; determination ot. `- ;.  938, Amount ot mx $01- meal year with di££erent; rates; # . 939; (mmm! gain.; capital loss-; capital dedugétions; prdingry deductions ;~ capital net-gain; capital net loss; ordinary net image: Qaviiai .aséets;- tax an lieu pi uxu impqsed by. -  s` 951, 952; members of partnershipa; ° "   . {{40. Ea income, a:;xd` so tprth, dei:i¤ed;.·add1ticua1 credit on ` amt cf; earned igicome; members -0t partnerships. 941; active date nfjtitle. [New.], 5 ‘, ‘ fno: II. INDIVIDUALS · 951. Normal tax rata; °a1ic¤a_ rczqdents of contiguous éoputries. 952. Surtax; mtu; pom Ade mick of mines, 0}l, .01: gas wells. 953. Net; mamma; computation; change o£ »a¢couq;ing period :- [in-- .`smllmc¤;sa1es.]. Tg _ "B $533. Betrxctive application ct section 953; credits ang! refunds. _ (Neal] “ _  ” · 954..Grae¤-income; wha; included; what; not iuéludedy 955. Camputatici ‘o! net income; deductions allowed.  Sam; deductions not allowed.   ‘ 957. Creditiallowed for giurpose at normal _ tax. 958. Nqmesideat aliens; gross income from Sources within and - w§ti.umt’ Uuitéd States; deductions; allocation- of itemsr _ dcmutions; ret@; claims t¤1·_creditS.. . `· · 959.   ;. ,cmd§t8; set income.   _ "`) . 960. mama or pmpwty held in trust; net ingomeéa stock bonus ér qmht phnriug plan; mvasting .01- `.distribu`tic1¤ ot trusts. 961i Evnsinn oi mrxax; accumulated prmta ot qorpomtjons: stntcg  gain; md. grams; net magma., ‘· ‘ ~· 962. Tama tb be deducted And qrithhcld at wurce; returns. 136;. Retsams; persons réquirw··t¤ make. ·   .  wh.; *&me : community pmpcrfy ;Q credit or re!urS'd.· [Nei.] '      &d;1¢i¤:·iq1;— when required; qcintentu: vcnrmcation. @6%   ¤m’I¤: making: —m_n•rh0m made. A _ M8. Bcwms on chhuga {mm Sscal to culeiadhr ]B81‘,`0i‘_ Hee versa; ‘ -mmputatiou' ot mt iueope, ___\ 4;,. PAM: III. CGHPOBATIONB 581. Rate; iiqmnllment peymemal; " · ‘ 982. Grgsaiaaticas exempted. ‘ \ 984. Cumgmtntwu ct mt iuccme. 985,. Gmw.  i ~ ¥ _  8ed¤¢¤@¤¤ ¢11owa.blc_in'computihg act income.  QS?. Enmw: items not embwed. ‘ $88.   alloivedy _ ~ 9%. Foreign npréoratinus; éedzicticn .and=w§thh¤1ding 0!· tim at V $“9¤T¢E. +· 5 . _ ` .    mr other taxég paid, — _ ( I ‘ 991. Tax retinms; tam ind cautents': imridcutiou. 992, Same: dm t¢1·—maki¤ g; to whim made. » ‘ ‘ ~ 99::. Amiated c¤rppmtions;` separate of consolidated i·etums‘: · {amiga corporxatfomx. · · · · _ ‘ { _ IN$SUBAXCE.COBiBANIES‘_ ‘ _10®1.   taxes iméueed in liesrc! qthern taxa:. GQME. Mic mmraacg ccmpamm; demzitiou ot. ”, IQQ3. Snmee;_g1·<$m izmcmc: ; ,msex·vc fund mciuircd byi law. w4>4.· &m; 'net income; mmpnxtatimn; credits; dedubtions. , 'w06 , Gmgi i ¤Gé écmpames; taxes imposed; gum inccdme; net · income; i nv·¤sm&¤t lncqwc; underwriting inmmé: p`mmfums ~ named da imummw contracts during taxable year; l@ ° incurred; exponms incurred. " ._ ‘ lim?. Sumo; ¤ét_i1;nmme·; mmpumtiou; deductions.  _`
 * &G5.  wicks: » cmpozatlunég het income. . _.

muz. Rxvmv rm -1974 BQ PAN: IV. 4DMINISr'LRA'1‘IVE PBQVIBIQNB ‘ *1022. `Brckcrw .retm·m; mntmts; vcrmmtion. ` _ 1023. Returns ,by` ·D]0Y€1‘8,` Bdacinria,. lessées, gpvtgzxgors, etc.; · ’ " amcuut; ntents., ~ *1  ‘ ·_ 1024; Iuspecfima; ll ts ot pcrsous· making rgtuyns. _  1025. Disc10¤;:iré= b_ omcials or publtcstiéix of income tax returns Z · unlawful. _·   ‘_" 0 =. _1026. Statistiqs ot ope tim: ot law; contents. _ · 1027. Licénmas to and r lation ot persons ccliecting fopcign pay-, » .ments df interest 0 dividends`; penalty. ’ F -1028.-Citizgxm ct United S tés _ péuwéiamn; taxatiqn of; Virgin ‘· . · Islands. W ·. .. 1029. porto Rico and//Phil! pine Is1zn¤Qs;_.‘1'cvy,- asséssment, comc- `, · tion,' andpa/ymeh_t 0. . - ‘ $_ - 1030. Gross incumc br citizens or tic corporations tulmiing cer- ` · U tain requirements. -, f _ • · 1031. Coi·porations·"?`0rgauizel! under `Cb ua Trade ‘Act_; credits al- - . .10w`cd. — ‘ ‘ _ _ ‘ PART V: PAYMENT, COLLECTION IND REFUND OF TAX AX};   N -   · PENALTIES. " * 1041, Time top payment at tax; payments {21 full. · 1042. Sgmé; payment in mstaumbuts. 1043. Same; citénsiou of time fér payment. _ 1044. ; Same; thxes payable _¤t squrce. ·· » ·10e£5. Examination of rcmnfu and determination of augcmnt of tai:. 1046; Credit oi- refund bf ovcrphyments. · ' -1047, Deficiency in tax; whit constitutes,. . `~ 0 . . 1048. Same; notice to taxpayer 'of dchciency {limitations on ass=ess· ‘ ment or-collection ot same]. ‘ - _ 4 _ _ 1048a. Same; waiver of restrictions by taxpayer. {New.] " 1048b. Additional deuciency in same year; mathematical grrori notiée; " [New.] », ’ · 0 1049. [De¤cie¤cy: zgsseument and payment wher; petition Bled ygvith { .  . l t ‘ _..‘ ' 1-049a. Rcdetciminatién of dctlclency by  [New.] _ ·1049b. skcdeterminution `ot dehciencyj consideration of. tnxezr of other _ . ymrs. [New.} _ _‘  Z — ' 10-wc! Wlieh decision of board becomes tual. - ’ [Rei.] 1050. Asswninqnt and Dairment where nonppeal to board. _ _. ·· 1051. Sime; asmament and collection at dehbiency where qlelay mmid _  jeppardize samé. _· · { 1052. Pmnting dchciency ~té" mataliments. 1033. Interest on denciency. . 1054,. Extension ot ‘ time for paymwt at dédciéncy. ‘? . - 1055. Incressiugfax where dehciency due to negligence 6: fraud. 1056. Demnquent taxes; interest; mtates {e¤e<:t at hung bond]. . ~— 105}; Axusmenh and collections [suspension at running ot limita- — tion}. ` 1_058f Same; false ax fraudulent returns. . H _ · 1059. Awsment gud collection under priar law. of deficiency at- · ._ _ mbuzahlq to tmtatively nlloweq éeductions. · 1060. Aspossmeut at tax h1e after presgribed time. 1061. Distrain}: o1·_ court procmding; tim_e.!m·. ‘ — “, 1062. Asamsmeut or collection o£_ taxes by distraint; where mnred. 1063; ,Cla1m_i¤·abatemeuL -   - V — 1064. Aeswsincut and cesllcctigus ungzr prior law. _ _ 1065.* Credit or_ rctgsd nf. cvcqmymenta; 'time for clsim [eEéct of_ . Y._ ‘t· E dctérminati 1 at dqHclency}‘;. waiver qt right .to have tax _  assessed. _ [ ’ _ ‘ ‘ 1065a. Credit or retpud td stockholder ht personal smcvice corporation. ‘ · [New.] · · ~ ‘ ‘ " 106512.* Salaries-` or Qute  municipql omzers; abatement, cnéit, or · — retmmd of taxes thereon. H {N=+¥v.}· — - .. ¤ r 1006.. Tex·n;ins»ti<m {ut tnxabie period; security mr mmm am pay- · .· mnt at taxes: mrtmcote for éemmug ahem.; peumesy » 1009. Tmnsteercea and ftduciar1¤i:*1i¤h£l£¢y name as in cue at de- · iicicmcy in mx; limitamngs ta.; axmmentx; pending suits. ' [New.] A . - 1 x ' 1070. Rights and dntic; ot Gducinrlm; lwtice. [New.] · ._ 1071. Bankruptcy `ot t¤xpo.ym:·; aueismeny an éollectiou of de~  Hciemzy }_ lgmitgtmn'. p¢r1od;`i¤tc2·est; extqnion at time for " payment. _·[N•:·.w,] 0. 1072Z Amartimtion dedxictian under prlér law. [New.] - · The $ta.tutes constituting `Chxgpter 19, of Tiilc 26 of the Cbdm » with the exception ot QQ 983,* 1025; 1067,` and 10% were repéuled _ by Abt of Feb. 26, 1926, c. 27,] 1200, 44 Stat; 125. The repeal, exégpt as xo §| 1024 and 104; so .1066, inclusive, was to pate meet as at JMC 1, 1925; in thpmse dt the spdd excepted ·scc· 1 tions the- rgpeal was to txxke etcct as of the dJ¤te of the cnacv _ The mpjcct matter contained in the repealed statutes is sub- _ stnmtinlly cgrried intothq Act of Feb. 26, 19026, Title II, lg 200 - _ 0 to 286, inclusive, herein mt mt in scctinns corréaponding tq those of thic Code; " · · _
 * 1021. Dividend returns: contents: vermwtion. · 4
 * ment0£tbo¤aidAct. · ‘.·