Cumulative Bulletin ... Income Tax Rulings, Issue 2

accrued Act of October actual cash value actually allowable deduction amended amount apply ARTICLE 141 assessed assets beneficiary bonds calendar capital stock cash cent centum certificates claim Committee compensation computing contract cost court December 31 deduct from gross depreciation determined distributive share dividends dollars earnings employees entitled estate or trust excess profits tax executor exemption expenses fact fair market value Federal fiduciary filed fiscal year ending gross income held income received Income Tax Unit interest Internal Revenue inventory invested capital June 30 Law Opinion lease liability Liberty bonds loss manufacturer March munitions tax net income officers par value partner partnership patent payment penalty period poration prior provides provisions of section purchase purpose question Regulations 45 Revenue Act SECTION 213 statute stockholders tax imposed taxable taxation taxes paid taxpayer thereof tion trade or business transaction ultra vires war profits