Notes on Revenue Act of 1918 Submitted by Secretary of Treasury Without Recommendation at this Time

accrued actually additional affirmed allowed amendment amount annual apply approval assessment August authorized bank bonds capital stock carrying cents charged collected collector Commissioner of Internal company or association computing containing contracts corporation tax court deducted distribution district dividends engaged entitled exceed exceeding excise tax exempt expenses foreign funds further Government gross income Held hundred income tax indebtedness individual insurance company intended interest Internal Revenue invested issued joint-stock company lease lessee lessor liable losses manufacture March meaning mining mutual officers operation organized otherwise paid paragraph payment penalty person premium prior produce profits Provided purchaser received regulations reserve respect Revised Statutes sell sold sources special tax specific stamp Statutes stockholders subdivision suggested tax act tax imposed taxable term Territory thereof tion Title transfer Treasury trust United