Internal Revenue Service—Continued Income and excess profits taxes regulations (1939 IRC)—Continued Income tax; taxable years beginning after December 31, 1951, 26 Part 39—Con. Emergency facilities; amortization deduction, 26 §§ 39.124A (a) — Estates and trusts, 26 § 39.172-1 Estates and trusts, taxation of, 26 §§ 39.161-39.172-1 See also Fiduciaries. Amortization of emergency facility of estate or trust; deduction, 26 § 39.172-1 Common trust funds, 26 § 39.169-1-39.169-5 Credits against net income, 26 § 39.163-1 Deductions: Amortization of emergency facility of estate or trust, 26 § 39.172-1 Net operating losses, 26 § 39.170-1 On account of decedents' deductions, 26 § 39.23 (w) Divorce cases (alimony payments, etc.); taxability of income of trusts, 26 §§ 39.171-1, 39.171-2 Emergency facility of estate or trust; amortization, 26 § 39.172-1 Employees' trusts (pension, profit-sharing plans, etc.), 26 §§ 39.165-1-39.165-7 Foreign countries, and possessions of United States, taxes of, 26 § 39.168 Imposition of tax; application, computation, etc., 26 § 39.161-1 Net income (allocation to legatees and beneficiaries, etc.), 26 §§ 39.162-1, 39.162-2 Net operating losses; deductions, 26 § 39.170-1 Revocable trusts; power to revest, taxability of grantor, etc., 26 $$ 39.166-1, 39.166-2 Taxable years, different, 26 § 39.164 Trusts where income benefits grantor, 26 §§ 39.167-1, 39.167-2 Discretionary trusts for maintenance or support of certain beneficiaries, 26 § 39.167-2 Estimated tax: Penalties in connection with, 26 §§ 39.291 (d), 39.294-1 Exchanges and distributions in obedience to orders of Securities and Exchanges, sales, etc. of property, gain or loss on. See Computation of Exempt organizations (charitable, religious, etc.). See Tax-exempt organizations. Fiduciaries: Claims against, 26 §§ 39.311-39.313 Returns by. See Returns and payment of tax. Foreign corporations, taxation of, 26 §§ 39.231-39.238 See also Foreign personal holding companies; and Foreign personal service corporations. Credits against income, 26 § 39.233-1 Credits against tax, 26 § 39.234 Deductions, 26 §§ 39.232-1, 39.233-1 Exchanges; gain or loss, 26 § 39.112 (i)-1 Exempt organizations, 26 § 39.238 Gross income, 26 § 39.231-2 Exclusions; earnings of foreign ships or aircraft, 26 § 39.231-3 Payment of tax; dates for, 26 § 39.236-1 Rates of tax, 26 § 39.103 Corporations formed or utilized to avoid surtax, 26 §§ 39.102.1— 39.102-4 Internal Revenue Service-Continued Income and excess profits taxes regulations (1939 IRC)-Continued Income tax; taxable years beginning after December 31, 1951, 26 Part 39-Con. Returns, 26 §§ 39.235-1, 39.235-2 Information respecting organizations, etc., of foreign corporations, 26 § 39.3604 Withholding tax at source, 26 §§ 39.144-1, 39.144-2 Foreign governments and their employees; exclusion of certain income from gross income, 26 §§ 39.22 (b) (8), 39.116 (c), (h), 39.116-2 Foreign items, interest or dividends, collection of; license for, and information returns, 26 § 39.150-1 Foreign personal holding companies, 26 §§ 39.331-39.340 Gross income, 26 § 39.331-2, 39.334-1, 39.334-2 Income, described, 26 § 39.332-1 Income taxed to United States shareholders, 26 §§ 39.337-139.337-4 Insurance companies, 26 §§ 39.201 (c), 39.206 Penalties, 26 § 39.340 Returns, information: By officers and directors, 26 §§ 39.338-1-39.338-3 By shareholders, 26 §§ 39.339-1-39.339-3 Stock ownership: Constructive ownership, 26 §§ 39.333 (a)-1-39.333 (a)-7 Requirement, 26 § 39.331-3 Supplement P net income, 26 §§ 39.334-1-39.336-2 Illustration of computation of undistributed net income, 26 § 39.336-2 Foreign personal service corporations; tax of shareholders, 26 § 39.396 Foreign Service personnel, and other Government personnel stationed outside continental United States, allowances of; exclusion from gross income, 26 §§ 39.116-4, 39.116-5 Forms, instruction, regulations; issue of, 26 § 39.4041 Gain or loss, computation of. See Computation of net income. Gross income: Adjusted gross income: Computations of; certain deductions allowable, 26 § 39.22 (n) Exclusions from, etc. See under Computation of net income. Insurance companies, foreign, 26 §§ 39.201-2, 39.237 Holding companies: Foreign. See Foreign personal holding companies. Recognition of gain or loss for exchanges or distributions in obedience to orders of Securities and Exchange Commission, pursuant to Public Utility Holding Company Act of 1935, 26 §§ 39.371-39.373-1 Surtax on personal holding companies. See Personal holding companies. Husband and wife, special provisions affecting: Adjusted gross income of $5,000 or less, 26 § 39.400-1 (c) Alimony, etc., payments: Income to former wife, 26 § 39.22 (k) Periodic; deductions for, 26 § 39.23 (u)-1 Trust income in case of divorce, 26 §§ 39.171-1, 39.171–2 Estimated tax declarations, 26 § 39.58 (c)−1 Amended declarations, 26 § 39.58 (d)−1 (c) Exemptions for spouse, 26 § 39.25-2 (b) Internal Revenue Service-Continued Income and excess profits taxes regulations (1939 IRC)—Continued Gain or loss; property acquired by inheritance, etc., 26 § 39.113 (a) Joint returns; general provisions, 26 § 39.51-1 (b) Medical, dental, etc., expenses; deductions for, 26 § 39.23 (x)−1 Self-employment income; joint returns, 26 § 39.482-1 (b) Short sales, 26 § 39.117 (1)−1 (c) (3) Taxes paid to foreign countries or possessions of United States, credit for, 26 § 39.131 (b)−1 (c) Trust income in cases of divorce, etc., 26 §§ 39.171-1, 39.171–2 Aliens, nonresident. See Nonresident alien individuals. Individuals with gross income from certain sources of $5,000 or Ineligibility of certain taxpayers, 26 § 39.404-1 Rates of tax. See Rates of tax. Returns and payment of tax. See Returns and payment of tax. Insolvent banks and trust companies, exemption from tax, 26 Insurance companies, tax on, 26 §§ 39.201-39.208 Foreign insurance companies: See also Foreign corporations, above. Life insurance companies. See Life insurance companies. Insurance companies (other than life or mutual) and mutual marine or fire insurance companies, 26 §§ 39.204-1-39.204-3 Deductions, 26 § 39.204-3 Gross income, 26 § 39.204-2 Computation of, 26 § 39.206 Taxes of foreign countries or possessions of United States, 26 § 39.205 Life insurance companies, 26 §§ 39.201-39.203A-2 Adjusted corporation surtax net income; reserve and other policy liability credit, 26 § 39.203-1 Computation of adjusted normal-tax net income: Adjustment for certain reserves, 26 § 39.202-2 Reserve and other policy liability credit, 26 § 39.202-1 Discount, accrual of, 26 § 39.201.9 Foreign life insurance companies, 26 § 39.201-2 See also Foreign corporations, above. Gross income, computation of, 26 §§ 39.201 (c) (1), 39.206 Net income and deductions, 26 § 39.201-7 Premium, amortization of, 26 § 39.201-9 Real estate owned and occupied, 26 § 39.201-8 Reserves, life insurance, 26 § 39.201-4 Adjusted reserves, 26 § 39.201-6 Taxes of foreign countries or possessions of United States, 26 § 39.205 Mutual insurance companies other than life or marine or fire insurance companies, 26 §§ 39.207-39.207-6 Discount, accrual of, 26 § 39.207-6 Dividends to policyholders, 26 § 39.207-3 Net income and deductions, 26 § 39.207-4 Premium, amortization of, 26 § 39.207-6 Real estate owned and occupied, 26 § 39.207-5 Internal Revenue Service-Continued Income and excess profits taxes regulations (1939 IRC)—Continued Income tax; taxable years beginning after December 31, 1951, 26 Part 39—Con. Mutual insurance companies-Continued Taxes of foreign countries or possessions of United States, 26 Net operating losses (repealed), 26 § 39.208 Interest rate, 6%, 26 § 39.3794 Penalties. See Penalties. Inventories; computation of net income, 26 §§ 39.22 (c)-39.22 (c)-8 Issuance of instructions, regulations, and forms, 26 § 39.4041 Joint-stock land banks; obligations and mortgages issued by, not tax- Liability, tax. See Tax liability. Liens for taxes; release, etc., 26 §§ 39.3670–39.3680 Limitations: Mitigation of effect of, in case of determinations under income tax laws; adjustments pursuant to. See Adjustments. Statute of limitations, mitigation of effect of, in case of related taxes under different chapters, 26 §§ 39.3812-39.3812-2 Losses; computation of, and deductions for. See Computation of net income. Medical, etc., expenses; deductions for, 26 § 39.23 (x)−1 Medical care, education, and research, organizations providing; tax exemption of. See Tax-exempt organizations. Military or naval forces of United States. See Armed forces. Mines and other natural deposits; deductions for depletion, development, etc., 26 §§ 39.22 (b) (15)-1, 39.23 (m)-1-39.23 (m)-28, 39.23 (cc)-1, 39.23 (ff)-1 Net income. See Computation of net income. Nonprofit organizations, tax exemption of. See Tax-exempt organizations. Nonresident alien individuals, taxation of, 26 §§ 39.211-39.221 Aliens, tax of; seamen, residents and nonresidents, status of em- Credits against tax, 26 § 39.216 Deductions, 26 §§ 39.213-1, 39.215-1 Foreign exempt organizations, 26 § 39.221 Gross income of nonresident alien individuals, 26 §§ 39.212–1, 39.212-2 Exclusion from, of earnings of foreign ships or aircraft, 26 § 39.212-2 Partnerships, 26 § 39.219-1 Payment, date of, 26 § 39.218-1 Puerto Rico, alien residents of, 26 § 39.220-1 Returns, 26 §§ 39.217-1, 39.217-2 Fiduciary returns, 26 § 39.142-5 Withholding tax at source, 26 § 39.143 Oath: Authority to administer, 26 § 39.3632 Declarations in lieu of, in verification of returns, 26 § 39.3809 Oil and gas properties; surtax on amounts received from sale of, 26 § 39.105-1 Internal Revenue Service-Continued Income and excess profits taxes regulations (1939 IRC)-Continued Income tax; taxable years beginning after December 31, 1951, 26 Part 39—Con. Overpayments; credits and refunds, 26 §§ 39.321-39.322-12 Adjustments, credit and refund, 26 § 39.322-2 Authority for abatement, credit, and refund of tax, 26 § 39.322–1 For payment of judgment: Against district director, 26 § 39.322-4 Against United States: Judgment obtained in Court of Claims, 26 § 39.322-6 Judgment obtained in United States district court, 26 $ 39.322-5 For refund; claims by taxpayers, 26 § 39.322-3 Crediting of accounts of district directors in cases of assessments against several persons covering same liability, 26 § 39.322-12 Limitation upon crediting and refunding, 26 §§ 39.322-7-39.322-11 Partnerships, taxation of, 26 §§ 39.181-39.191-2 Computation of partnership income, 26 § 39.183–1 Credits allowed partners against net income, 26 § 39.184–1 Amortization of emergency facility of partnership, 26 § 39.190–1 Distributive share of partners, 26 § 39.182-1 Earned income credit, 26 § 39.185-1 Emergency facility of partnership; amortization deduction, 26 § 39.190-1 Family partnership, 26 §§ 39.191-1, 39.191-2 Foreign countries and possessions of United States, taxes of, 26 § 39.186 Liability for income tax, 26 § 39.181-1 Net operating loss; deduction, 26 § 39.189-1 Taxable years, 26 § 39.188 Payment of tax. See Overpayments; and Returns and payment of tax. Concealment of property, withholding of records, etc., 26 § 39.3762 Enforceability by suit or prosecution, 26 § 39.145-1 Estimated tax; penalties for deficiency, etc., 26 § 39.294 Additions to, 26 § 39.294-1 Carrybacks, substantial overestimate of, 26 § 39.294-2 Fraudulent bonds, permits and entries, 26 § 39.3793 Interest and additions to tax for delinquencies, 26 §§ 39.29139.294-2, 39.295-39.299 Bankruptcy and receiverships, 26 § 39.298 Deficiencies: Additions to tax for, 26 § 39.293 Interest on, 26 § 39.292 Extensions of time: For payment of deficiency, 26 § 39.296 For payment of tax, 26 § 39.295 Failure to file return, addition to tax for, 26 § 39.291 Jeopardy assessments, interest on, 26 § 39.297 Nonpayments, addition to tax for, 26 § 39.294 Removal of property or departure from United States, 26 § 39.299 Perjury in making returns, 26 § 39.3809 Personal exemption for individuals, 26 § 39.25-2 Personal holding companies: Definition, 26 § 39.501-1 Foreign; income taxed to individual United States shareholders. See Foreign personal holding companies. |