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adjusted gross income aggregate allowed amount applied balance basis bonds capital assets capital loss carry-over claimed column combined computed corporation cost deductions deficit distributions dividends effective Enter excess exclusions exemption expenses extent Federal figures in thousands filed footnotes foreign Form gain or loss gains and losses gross income classes husband individual returns interest Internal Revenue Code issued laws less loss from sales money figures months net income nontaxable returns normal tax Number of returns obligations operating optional partnership payments percent prior profit received reported returns for 1945 returns with adjusted sales of capital sales or exchanges sample Schedule separate share showing shown specific surtax surtax exemption tabulated taken tax liability tax paid Taxable fiduciary returns Taxable returns taxpayer thousands of dollars tion total gifts Total income classes trade or business trust United
Page 64 - partnership" includes a syndicate, group, pool, joint venture, or other unincorporated organization, through or by means of which any business, financial operation, or venture is carried on, and which is not, within the meaning of this title, a trust or estate or a corporation; and the term "partner" includes a member in such a syndicate, group, pool, joint venture, or organization.
Page 66 - At any time during the last half of the taxable year more than 50 percent in value of its outstanding stock is owned, directly or indirectly, by or for not more than 5 individuals.
Page 474 - capital assets" means property held by the taxpayer (whether or not connected with his trade or business), but does not include stock in trade of the taxpayer or other property of a kind which would properly be included in the inventory of the taxpayer if on hand at the close of the taxable year, or property held by the taxpayer primarily for sale to customers in the ordinary course of his trade or business...
Page 38 - ... business within the United States and not having an office or place of business therein...
Page 475 - Gains and losses from involuntary conversion and from the sale or exchange of certain property used in the trade or business — (1) Definition of property used in the trade or business. "For the purposes of this subsection, the term 'property used in the trade or business...
Page 37 - Effective foreign tax rate. For purposes of this section, the term "effective foreign tax rate" means— (1) With respect to a single controlled foreign corporation, the percentage which — (A) The income, war profits, or excess profits taxes paid or accrued to foreign countries or possessions of the United States by...
Page 32 - Stock possessing at least 80 percent of the voting power of all classes of stock and at least 80 percent of each class of the nonvoting stock of each of the...
Page 476 - States, for exclusively public purposes ; or a corporation, trust, or community chest fund, or foundation, created or organized in the United States, or in any possession thereof, or under the laws of the United States, or of any state or territory or of the District of Columbia or of any possession of the United States, organized and operated exclusively for religious, charitable, scientific, veterans...
Page 330 - Returns made on the basis of the calendar year shall be made on or before the 15th day of March following the close of the calendar year. Returns made on the basis of a fiscal year shall be made on or before the 15th day of the third month following the close of the fiscal year.