Income-Tax Forms - FRASER - St. Louis Fed

146 STATISTICS OF IXCOME

TREASl

(A

RETURN F

uditor'. SUmp)INDIVIDUAL INCOME TAX RETURN

FOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5000

AND INCOMES FROM BUSINESS, PROFESSION, RENTS, OR SALE OF PROPERTY

For Calendar Year 1935or fiscal y e a r b e j u n , 1935, a n d e n d e d , 1936

File Tbii Return Nol Uler Than lit 15th Day of tbe Third Month Folloiring the Close of the Taxable Year

PRINT NAME AND ADDRESS PJ_AINLY BELOW

(Name) (Doth husband and wifo, if this is a joint return)

i f ^ t o S ^ " iCounty) " - -<SU«r"

L RETURN

Do Not Write In These Spaces

FileCode

Serial

Number v . .

District

(C h . « . Stamp)

C».h Chwk M.O. C.rt.oflru)

$

pporting in }

Ing your taxable yearT .

b M ? * . INCOME Amourtrva.* Erptns,, void1. Salaries, Wages, Commissions, Fees, etc. (State name ond address of employer) (ErtA« u fctaduu r)

$ $ .

2. Net profit (or Loss) from Business or Profession. (From Schedule A)

3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds)...

4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid at Source

5. Income (or Loss) from Partnerships, Syndicates, Pools, etc. (Furnish name, address, and kind of business)

7. Rents and Royalties. (From Schedule B)

8. Capital Gain (or Loss). (From Schedule C) ....

9. Taxable Interest on Liberty Bonds, etc. (From Schedule D, Line (g))

10. Dividends on Stock of: (a) Domestic Corporations subject to taxation under Title I of 1934 Act

(6) Domestic Corporations not subject to taxation undei Title I of 1934 Act _

12. TOTAL INCOME IN ITEMS 1 TO 11 _ _

DEDUCTIONS

13. Interest Paid. (Explain In Schedule T) „

14. Taxes Paid. (Explain in Schedule F)

16. Bad Debts (including bonds determined to be worthless during taxable year). (Explain in Schedule F)

17. Contributions. (Explain In Schedule F)

18. Other Deductions Authorized by Law (including stock determined to be worthless during taxable year).

S

$

19 TOTAL DEDUCTIONS IN ITEMS 13 TO 18.

20. NET INCOME (Item 12 minus Item 19) -

$

$

COMPUTATION OF TAX (See Instruction 23)

21. Net income (Item 20 above)

22. Less: Personal exemption

23. Credit for Dependents,(Explain in Schedule F) '.

24. Balance (Surtax net income)

etc. (Item 9)

26. Dividends. (Item 10 (a))

27. Earned income credi t .(See Instruction 22)

$

$

28. Balance subject to normal tax

$....

$

29. Normal tax (4% of Item 28)

30. Surtax on Item 24. (See Instruction 23)

3i. Total tax (Item 29 plus Item 30)

32. Less: Income tax paid at source (2%of Item 4)

33. Income tax paid to a foreigncountry or U. S. possession..

34. Balance of Tax. (Item 31 minus Itei

$

na 32 and 33)

$

$

S

AFFIDAVIT (See Instruction 27)I/we swear (or affirm) that this return (including its accompanying schedules and statements, if any) has been

knowledge and belief is a true, correct, and complete return, made in good faith, for the taxable year stated, pursuilations issued thereunder.

Sworn to and subscribed by - . . . . . . . . . . . . . « . . . before ... . . . . . . . .

ie this . . . . day of.. . . . . . 192

f s - j 5 i . - i - ^ . - u r J u . - i - : E i - - i £ i i ; - ; « A RETURN MADE BY AN AGENT MUST BE ACCOMPANIED BY POWER OF ATTORNEY (Set Inslr. 27>

AFFIDAVIT (See Instruction 27)I/we swear (or affirm) that I/we prepared this return for the person or persons named herein and that the return (including its accompanying schedules and

statements, if any) is a true, correct, and complete statement of all the information respecting the income tax liability of the p ' 'return has been prepared of which I/we have any knowledge.

Sworn to and subscribed before me this day of , 195 „ : .

>r persons r whom this

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1935

STATISTICS OF INCOME 147SCHEDULE A—PKOF5T (OR LOSS) FROM BUSINESS OR PROFESSION (See Inatruction 2)

1. Tetal receipts <roCOST C

2. Labor

w or profession (state kind of business)...

3. Material and oupplies

4. Merchandise bought for sale ,..

5. Other cost* (itemize below or on separata sheet)

6. Plus inventory at beginning of year...

7. TOTAL (lines 2 to 6)

8. Less inventory at end of year

9. NET COST or GOODS SOLD (Lino 7 minus Line 8}

ventories are valued at cost, or cost or market, whicheyer is lo

10. Salaries not included

not deduct compensation for your services)...

11. Interest on business indebtedness to others

12. Taxes on business and business property

13. Losses (explain in table at foot of page)

14. Bad debts arising from Bales cr services15. Depreciation, obsolescence, and depletion (ex-

plain id t&blQ providt'Ci st foot of pajjo)16. Rent, rcp&irs, &HQ otnsf expenses (iteiiiizo be-

low or on separate sheet) .*17. TOTAL (Lines 10 to 16) . - U _

(Line 1 minus Lino IS) (Er.te19. NET Pnonr (ox L

SCHEDULE B--INCOME FROM: RENTS^ND ROYALTIES (Sea Instruction 7)

• ( • ) I year or loss:

•(6) Ovor 1 year bat not

•(<) Over 5 yean bnt notover 10 yoara:

•(«) Ovor )0 yean:

(/) TOTAL GAI

SCHI

ElCHAJiOiD

-CAPITAL GAINS

$

N8 AND LOSSES (Enter net amotBt as Item 8

AND LOSSES(

eato baste) ••

$_

) (Capital losses are

Von

i

illon

Sa!oa or

rîolr'o™

-able only t

Exchanges (

JiliFurnish dela.ls)

D the extent of

8. 0*1

|!2,000

1

pluses

is;rL

. . . .

ction S

COUNT

100

80

gains)._

— —

,0. Oôntos

8. Gains

.$

s

«™NTE T A ™

b. Losses

S

$

*In reporting sales en eichangas of capita] assets attach separate schedule. If neoes&iry, for transactions coming w]

^Coat of property must be eatored in Coluiaa 6 if a losa is cUlmed in Column 8.gas of capitantered la C

k a h l d ' bfltato (Ij how propOTty was aoquirea

Colnmis 10 above.

pontoYfibTe di video ds,

—

(o) Obligations of a State, Territory, or political mibdmsiou thereol,or tho District of Columbia cr United States possessions

(&) Obligations isaued under Federal Fann Loan Act, or under such

(c) Liberty Z}{ % Bonda and other obligations of United Statea issued

(d) Treasury Notes, Treasury Bills, and Treasury Certificates ofIndebtedness

(e) Liberty 4% and i%% Bonds; U. S. Savings Bonds; Treasury Bonds.(/) Obligations of instrumentalities of the United States (other than

obligations to be" reported in (6) above) .

$

3. IHTXSEST RlCDTID

$

Sô'iSr

All

All

All

All

$5,000

None

(l) TOTAL (enter total of column 6 as Item 9)

xxxxxx

$

X X

9)

xxxxxx

$

S.

SCHEDULE E—INCOME FROM DIVIDENDS

Itemize all dividends received during the year, stating amounts and names and addresses of corporations declaring the dividenc

SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, 13, 14, 16, 17, AND 18, AND CREDIT CLAIMED IN ITEM 23

Of buildings, state materialof which constructed)

EXPLANATION OF DEDUCTION FOR DEPRECIATION CLAIMED IN SCHEDULES A AND

2. D A T E3. COST OE MARCH 1,1913,

PRIOR TO THAT D A T E

$

4. A8SET3 FlOLTDEPRECIATED IN U3S

AT E N D or Y K A B

$

5. DirSTCIATIOKALLOWED (OR ALLOW-

ABLE) IN PRIOR Y E A E S

$

«. REMAININO COSTo s OTHER BASIS TO

$

7. LITE U S E D

B

w 9. DEPRECIATION

$

EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE. STORM, ETC., CLAIMED IN SCHEDULE A AND IN ITEM 15

. . ^ O E P B O P E R T , ,DATEAC Q D IRE D 3.COST

s

4. STJBSEQBEUT

s „

5. DEPRECIATION

$

6siLVAOENvlLUKD

$

7. DEDUCTIBLE LOSS

$


1935

148 STATISTICS OF INCOME

INSTRUCTIONSThe Instructions Numbered 1 to 20 Correspond with the Item Numbers on the First Page of the Return

ri other coseparate line for

I. INCOME FROM SALARIES, WAGES, COMMISSIONS, ETC.Enter as Item 1 on page 1 of the return, all salari

credited by or received from outside source Ugiving the information requested.

Any amount claimed as a deduction for necessary expenses against salaries,etc., such as traveling expenses, while away from home in the pursuit of ft tradeor business, should be fully explained in Schedule F on page 2 of the return, oron an attached statement. Traveling expenses ordinarily include expendituresfor railroad fares, meals, and lodging.

2. PROFIT (OR LOSS) FROM BUSINESS OR PROFESSIONd bIf you owne

n Schedule AItem 2

This

A on page 2- ,_age 1 of the r«hedule should in. me from: (a) Sale of merchandise or prod-

cts ui uuuiumtuinug, mining, construction, and agriculture; (6) Businessservice, such as hotel, restaurant, and garage service, amusements, laundering,storage, transportation, etc.; and (c) Professional service, such as dentistry, law,or medicine. In general, report any income in the earning of which you incurredexpenses for material, labor, supplies, etc.

Farmer's income schedule.—-If you are a farmer and keep no books of account,or keep books on a cash basis, obtain from the Collector, and attach to thisreturn, Form 1040F, Schedule of Farm Income and Expenses, and enter the netfarm income as Item 2 on page 1 of this return. If your farm books of account

instailmen^sales.—If the'installment method is used" attacMo the return aschedule showing Eeparatelv for the years 1932, 1933, 1934, and 1935 the follow-ng: (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage of

fit t l ( ) A n t l l t d d (/) G fit tR

s; (d) Pers profit o

Item 2, pagdoctor," "laT t l i

profits to gross sales; (e) Amount collected; and (f)collected. See Section 44 of the Revenue Act of 1934.

ind of buswess.—-Describe the business or profession in the space provided"grocery," "retail clothing," "drug store," "laundry,"

•eTpts.—Eiiter on t ine 1 of Schedule A the total receipts, less anydiscounts or allowances from the sale price or service charge.

Inventories.—If engaged in a trade or business in which the production, pur-chase, or sale of merchandise is an income-producing factor, inventories of mer-chandise on hand should bo taken a t the beginning and end of the taxable year,which may be valued a t cost, or cost or market, whichever is lower.

Salaries.—Enter on Line 10 all salaries not included as "Labo r " on Line 2,except compensation for services of yourself, your dependent minor children, orof husband or wife if a joint return is filed, which is not deductible.

Interest.—Enter o n ' l i n e 11 interest on business indebtedness. Do notinclude interest to yourself on capital invested in or advanced to the business.

Taxes.—Enter on Line 12 taxes on business property or for carrying on busi-ness. Do not include taxes assessed against local benefits of a kind tending toincrease the value of the property assessed, nor Federal income taxes, nor estate,inheritance, legacy, succession, and gift taxes.

Losses.—Enter on Line 13 losses incurred in the trade or business, if not com-pensated for by insurance or otherwise and not made good by repairs claimed asa deduction. Losses of business property arising from fire, storm, etc., shouldbe explained in the table at the foot of page 2 of the return.

Bad debts.—Enter on Line 14 debts, or portions thereof, arising from sales orservices that have been reflected iu income, which have been definitely ascer-tained to be worthies.-1, and charged oft' within the year, or such reasonableamount as has been added to a reserve for bad debts within the year.

A debt previously charged off as bad, if subsequently collected, must be re-turned as income for the year in which collected.

Depreciation.—Enter on Line 15 the amount claimed as depreciation by reasonof exhaustion, wear and tear of property used in the trade or business, or asobsolescence or depletion, and explain in the table at the foot of page 2 howthis amount v.as determined. If obsolescence is claimed, explain why the usefullife is less than the actual life.

The amount of depreciation on property acquired by purchase should bedetermined upon the'basis of the original cost (not replacement cost) of theproperty and the probable number of years remaining of its expected useful life,except it the property was purchased prior to March 1, 1913, it will be computedon the fair market value of such property as of that date or its original cost (lessdepreciation actually sustained before that date), whichever is greater. If theproperty was acquired in any other manner than by purchase, see Sections 23(1), 23 (n), and 114 of the Revenue Act of 1934.

In case a deduction is claimed on account of depletion of mines, oil or gas wells,or timber, see Sections 23 (m), 23 (n), and 114 of the Revenue Act of 1934.

Do not claim any deduction for depreciation in the value of a building occupiedby you as a dwelling, or property held for personal use, nor for land (exclusiveof improvements thereon), nor on stocks, bonds, and securities.

Rent, repairs, and other expenses.—Enter on Line 16 rent on business property* which you have no equity, ordinary repairs to keep the propei ' * " ' '*

ped byexpendi-ersonal

heat, light, and fire .you for residential purposes, the cost of business equipment or f uraitures for replacements or permanent improvements to property, nor personal,living, or family expenses.

3. INTEREST ON BANK DEPOSITS, ETC.Enter as Item 3 all interest received or credited to your account during the

taxable year on bank deposits, notes, mortgages, and corporation bonds, exceptinterest on bonds upon which a tax was paid a t tho source. Interest on bondsis considered income when due and payable.

4. INTEREST ON TAX-FREE COVENANT BONDSis Item 4 bond interest upon which a tax was paid a t source. Such

ent of the interest entered in Item 4) may be claimed as a credit intax (2 percentItem 32 of the retur5 AND G. INCOME FROM PARTNERSHIPS, SYNDICATES, POOLS, ETC.,

AND FIDUCIARIESEnter as Item 5 your share of the profits (whether received or not) (or of the

losses) of a partnership, syndicate, pool, etc., and as Item 6 income from anestate or trust, except that the share of (a) taxable interest on obligations of theUnited States, etc., shall be included in Schedule D, and (6) profits which con-sisted of dividends on stock of domestic corporations which are subject toincome tax shall be included in Item 10 (a) on the return. Include in Items 32and 33, respectively, credits claimed for income tax paid a t source, and foreign

If the taxable year on the basis of which you file your return does not coincidewith the annual accounting period of the partnership or fiduciary, then youshould include in your return your distributive share of the net profits (or losses)for such accounting period ending within your taxable year.

7. INCOME FROM RENTS AND ROYALTIESFill in Schedule B, giving the information requested.If you received property or crop3 in lieu of cash rent, report the income as

though the rent had been received in cash. Crops received as rent on a crop-share basis should be reported as income for the year in which disposed of (unlessyour return shows income accrued).

Enter as depreciation the amount of exhaustion, wear and tear, or depletionsustained during the taxable year and explain in the table at the foot of page 2.

Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, andother necessary expenses of this character should be itemized.

8. CAPITAL GAINS AND LOSSESReport sales or exchanges of capital assets in Schedule C and enter the net

Item 8. (CAPITAL LOSSES* A R E " ALLOWABLE ONLY TO T H E EX-T E N T OP $2,000 PLUS CAPITAL GAINS.) Describe the property briefly,and state the price received or the fair market value of the property received inexchange. Expenses connected with the sale or exchange may be deducted incomputing the profit or loss.

If the property sold or exchanged was acquired prior to March 1, 1913, thebasis for determining GAIN is the cost or the fair market value as of March 1,1913, adjusted as provided in Section 113 (b) of the Revenue Act of 1934, which-

• ever is greater, but in determining LOSS the basis is cost so adjusted. (SeeSection 113 of the Revenue Act of 1934.) If the amount shown as cost is otherthen actual cash cost of the property sold or exchanged, full details must befurnished regarding the acquisition of the property. 2—IOSM

Enter as depreciation the amount of exhaustion, wear and tear, obsolescense,or depletion which has been allowed (but not less than the amount allowable)in respect of such property since date of acquisition, or since March 1, 1913, ifthe property was acquired before that date. In addition, if the property wasacquired before March 1, 1913, the cost shall be reduced by the depreciationactually sustained before that date.

Subsequent improvements include expenditures for additions, improvements,and repairs made to restore the property or prolong its useful life. Do notdeduct ordinary repairs, interest, or taxes in computing gain or loss.

No loss shall be recognized in any sale or other disposition of shares of stockor securities where you have acquired substantially identical stock or securitieswithin 30 days before or after the date of such sale or disposition, unless you areengaged in the irade or business of buying and selling stocks and securities.

No deduction shall be allowed in respect of losses from sales or exchanges ofproperty, directly or indirectly, (A) between members of a family, or (B) exceptin the ca;:e of distributions in liquidation, between an individual and a corpora-tion in which euch individual owns, directly or indirectly, more than 50 percentum in value of the outstanding stock. For the purpose of this paragraph—(C) an individual shall be considered as owning the stock owned, directly orindirectly, by his family; and (D) the family of an individual shall include onlyhis brothers and sisters (whether by the whole or half blood), spouse, ancestors,

to

nd linTh

aal des

sistendant

The provisions of the Revenue Act of 1934 relating to capital gains a'

ruU.—Xn the case of a taxpayer, other than a corporation, only the followingor loss recocnized upon the sale or exchange of a capital asset shall bo taken intS

ir bat not for more than 2 years;t bes been held

(bp^niion ofnpuiVa] ses of this title, "capital assets" means pris trade or business), but does not Include sta r"""propeny"held by^the t ' l

^BEBvMfîitho provisions of section

(2) I n d e t e r m i c i ^ t h ,CHJ Inclucieu the period fo. •• ^.^^ u-— j--..-,-^.-.j •• ^ .section 113, such property has^ for the purpose of deter

(3) In determining t: * ** l "nds as it would havor which the taxpay

ichanped.

• has held property however acquired there shalld by any other person, If under tbe provisions ofioing gain or ioss from a sale or exchange, thesamoin tho hands of such other person. k

• has held stoca or securities received upon a dis*

i tract or option quire which) resulted in the nondeductib

us to buy or sell property

>r tho purposes of this title, amounts roceived by the holder upon tDotes, or certificates or othn evidences of Indebtedness issued by a

of Section 117 (a) above, 100 percent of theom distributions in liquidation of a corpora-computing net income. (See Section 115 (c)

Notwithstanding the provisi.gain resulting to the distributetion shall be taken into accountof the Revenue Act of 1934.)

Section 117 applies only to gains and losses upon the sale or exchange ofcapital assets and, therefore, his no application t» loss of useful v&lne uponthe permanent abandonment of the use of property or loss sustained as theresult of corporate stock or debts becoming worthless.

In the application of Section 117 a husband and wife, regardless of whethera joint return or separate returns are made, are considered to be separate tax-payers. Accordingly, the limitation under Section 117 (d) on the allowance oftosses of one spouse from sales or exchanges of capital assets is in all cases to'be computed without regard to gains and losses of the other spouse upon salesor exchanges of capita) assets.

9. INTEREST ON LIBERTY BONDS, ETC.Schedule D should be filled in if you own any of the obligations or securities

enumerated in Column 1. Enter in Column 2 the principal amounts of the-various obligations owned at the end of the year and enter in Column 3 allinterest received or credited to your account during the year on these obliga-.'tions, including your share of such interest received from a partnership, or an '

Interest on all coupons falling due within the taxable year will be consideredas income for t&e year, where the books are kept on a cash receipts P-nd disburse-ments basis. If the books are kept on an accrual basis, report the actual amountof interest accrued on the obligations owned during the taxable year.

If the obligations enumerated on Line (e) are owned in excess of the exemption,f $5,000, or any on Line (f) are owned in any amount. Columns 5 and 6 shouldn any amount, Columns 5 and 6 should

reported on. Line (j) should be enteredof $5,000, or anj „, ..be filled in, and the total of the iras Item 9 on page 1 of the return.

(See also Instruction 24, paragraph (d).)

10. DIVIDENDSEnter as Item 10 (a) dividends from a domestic corporation 'which is subject

to taxation under Title I of the Revenue Act of 1934 (other than a corporationentitled to the benefits of Section 251 of the Revenue Act of 1934 and otherthan a corporation organized under the China Trade Act, 1922), including yourshare of such dividends received on stock owned by a partnership, or an estateor trust. Enter as Item 10 (6) dividends from a domestic corporation which ianot subject to taxation under Title I of the Revenue Act of 1934 (such as abuilding and loan association, etc.). Enter as Item 10 (c) dividends from aforeign corporation and dividends from a corporation entitled to the benefits ofSection 251 of the Revenue Act of 1934 and a corporation organized under theChina Trade Act, 1922.

s Item 11 all ( Jch no space is provided onEnter ithe return. ^ T Q T A L J N C O M E

Enter as Item 12 the net amount of Items 1 to 11, inclusive, after deductingany expenses reported in Item 1, and losses in Items 2, 5, 7, and 8.

13. INTEREST PAID

Enter as Item 13 interestbusiness indebtedness (which should be deducted under Schedule A or B). Donot include interest on indebtedness incurred or continued to purchase or carryobligations (ether than obligations of the United States issued after September24, 19!7, and originally subscribed for by the taxpayer) the interest upon whichis wholly exempt from taxation.

U. TAXES PAIDEnter as I tem 14 personal taxes and taxes paid on property not used in your

business or profession, not including those assessed against local benefits of akind tending to increase the value of the property assessed. Do not includeFederal income taxes, nor estate, inheritance, legacy, succession, and gift taxes,nor taxes imposed upon your interest as shareholder of a corporation which arepaid by the corporation without reimbursement from you, nor income taxesclaimed as a credit in Item 33. No deduction is allowable for any portion offoreign income and profits taxes if a credit is claimed in Item 33.

Any deduction on account of taxes should be explained in Schedule F .

15. LOSSES BY FIRE, STORM, ETC.Enter as Item 15 losses of property not connected with your business or pro-

fession, sustained during the year if arising from fire, storm, shipwreck, or othercasualty, or from theft, and if not compensated for by insurance or otherwise.See Section 23 (e) of the Revenue Act of 1934.

Explain losses claimed in the table provided on page 2 of the return.


1935

STATISTICS OF INCOME 14916. BAD DEBTS

Enter as Item 16 all bad debts- other than those okimed as a deduction inSchedule A. State in Schedule F, (a) of what the debts concisted, (6) when theywere created, (c) when they became due, (d) what effort* were made to collect,and 0) bow they were actually determined to ba worthless.

17. CONTRIBUTIONSEnter aa Item 17 contributions or gifts made within the taxable year to any

corporation, or trust, or community chest, fund; or foundation, organized andoperated exclusively for religious, charitable, scientific, literary, or educational

- ' - "- -' - - - - - '-children or animals, no part of theif any private shareholder or indi-

:>f which is carrying on propa-, - __„, ^r.lation. The amount claimed

shall not exceed 15 percent of your net income computed without the benefit ofthis deduction. A fiduciary filing ths return for an esUte may claim, in lieu ofthis deduction, that provided in Section 162 of the Revenue Act of 1934- Listorganizations and amounts contributed to each in Schedule F.

18. OTHER DEDUCTIONSEnter aa Item 18 any other authorized deductions for which no space is

provided on the return. Do not deduct losses incurred in transactions whichwere neither connected with your tr*da or busineffl nor entered into for profit.If the return is filed for an estate in process of administration, there should bededucted tho amount of any incoma paid or credited to a beneficiary. Anydeduction claimed should be explained in Schedule F.

No deduction i3 allowable for the amount of any item or part thereof allocableto a class of exempt income, other than interest. Itcm3 directly attributable tosuch exempt income shaU be allocated thereio. and items directly attributableto any class of taxable income shall be allocated to such taxable income. Ataxpayer receiving any exempt income, other than interest, or holding anyproperty or engaging in any activity the income from which ia exempt shallsubmit with his return as a part thereof an itemized statement, ia detail, showing(1) the nmount of each class of exempt income, and (2) the amount of itemsallocated to each such class (th« amount allocated by apportionment beingshown separately).

IS. TOTAL DEDUCTIONS IN ITEMS 13 TO 18Enter as Item 19 the total of Items 13 to IS, inclusive. This amount should

not include any deduction claimed in Schedule A or B.20. NET INCOfttE

m Itr in

b

Anht

"books, unless such method does not clearly reflecl

21. PERSONS REQUIRED TO MAKE A RETURN OF INCOMEin income tax return must be filed by every citizen of the TTnited States;ther residing at home or abroad, and every person residing in the United

crates though not a citizen thereof, whose e,Tcsa income for tho taxable yearamounted to $5,000, or whose net income amounted to—

(a) $1,000 if Eing!o or if married and not living with husband or wife;(bS $2,500 if married and living with husband or wife; or(c) More than the personal exemption if status of taxpayer changed.

If an individual is single and the net income, including that of dependentminors, if any, is SI ,000 or over, or if the gross income is 85,000 or over, a returnmust be filed. If the combined net income of husband and wife,- and dependentminor children, if any,_ is $2,500 or over, or if their_combined gross income isS5fCX)0 or over, s,ll such income must t)c reported on & "*oinfc return, or on scpttrst-creturns of husband and wife. In case the husband *.nd wife elect, to file separatereturns and theb combined net income is $5,(XX) cr over, each shall make a

If'the net income of a decedent to the date of his death was $1,000 or over,if unmarried, or in excels of the credit allowed him by Section 25 (b) (1) and (3)of the Revenue Act of 1934 (computed without regard to his status aa the headof s family), jf raf,rricd and living with epeuse, or if his gross.income for theperiod WHS $3,000 or over, the executor or administrator shall make a return for

Income of (a) estates of decedents before final settlement, (&) trusts, whethercreated by will or deed, for unascertained persons or persons with contingentinterests; or income held under the terms of the will or trust for future distribu-tion, is taxed to the fiduciary as a single person, except that from the income ofa deec-dent's estate there should be deducted any amount properly paid orcredited to a beneficiary.

22. EARNED INCOME CKEDIT, PERSONAL EXEMPTION, AND CREDITFOR DEPENDENTS

i© normal tax, but not for the surtax, there may be claimed a crodit &ffa!nst net

„ . ^ _ r salaries, professional fooa, and other Raouut^

or that part ol the compensation derived by the taij«yer for personal services

mpinafttop for theftj?reouai " " ° Dt l ° . - e a r n ° 5 S °-r ^ •• r a t - 1 W .

included in great income,nn er,.,_ jy.. m to t w

by thetai-ri

™^, , „ .... r JU SWTICOS actually rendered

by Section 23 ofche Revenue Act of 193* for tho purpose of computing net income, r.nd ftra properly allo-cable to or chBn;9able against earned Income. " Earned net Incoma mean? tha excess of the amount ofthe earned income over the sura of thd earned income deductions. If the taxpayer's net income ia not

, idlSh^f ,__ __„, r..__may be taken by either or dlvidod between tham. . . . .

A head of a family is an individual wao actually supports and nmiotains in ono household ono or

In addition to tho personal exemption, a credit of $400 may be claimed for each person (othor thanhusband or wife) under 18 years of ags, or inc&pabte of self-support because mentally or physically

ship batwoen taxpayer and dependent, and the reason for support if ttia depended ia not under 18 yearsof a«e.

If ths status of the taxpayer, insofar as it affects the personal exemption or cradi t for dependents, chacgodduring the taxable year, the personal exemption and credit shall bo apportioned in accordance with theDumber of months before and after such change. For the purpese of such apportionment a fractional

Whero a return h filed on this form for an estate in process of administration, or tor a trust, an exemption

23. COMPUTATION OF TAXSurtax.—The surtax on any amount of surtax net income not shown in the

table below ia computed by adding to the surtax for the largest amount shown

the rate indicated in the table.

A

8 &» to 20 000A) 06j to "2 1X0

B o

780

A

510 000 to 300 00T300009to «0C0n

1 000,000 up -

T

36

45

1

c

2S.00I2S oa

Income from a partnership or fiduciary hsrin* a different taxable year.—Uthe taxable year of a beneficiary is different from that of the estate or trust,the part of the estate or trust income to be included in computing his net incomeshall be baaed upon the net incomeof the estate or trust for any taxable year ofthe e3tate or trust ending within his taxable year.

If the taxable year of a partner ia different from that of the partnership, thedistributive share of the net income of the partnership to ba included in com-puting the net, income of the partner for his taxable year shall be based upon thenet income of the partrershlp for any taxable year of the partnership endingwithin the taxable year of the partner.

Income ttx paid to a foreign country or U. S. possession.—If, Ia accordancewith Section 131 (a) of the Revenue Act of 1934, a credit is claimed in Item 33for income tax paid to a foreign country or a possession of the United States,submit Form 1113 with your return with the receipts for such payments. Incase credit is sought for taxes accrued, the form must have attached to i t acertified copy of the return on which the tax was based, and the Commissionermay require a bond on Form 1117 for the payment of any tax found due iftho tax when paid differs from the credit claimed.

24. ITEMS EXEMPT FROM TAXThe following items are exempt from Federal income tax, except where

otherwise indicated, and should not be included in gross income:Aironnts raeo! vod under a life Insurant* contract raid by reason of the death of the labored, whether

ts pai'dly of the Inason ? m ! e death of t e s

T l d ' f h t h e r or not p

interest Day-

Mn?o'ê^^RaU)dpremfum3'cracoSlder r8tkin paid far such annuity (whether or not paid duringsuch y « / ) , until the aggregate amount excluded from gross income equals ths fijsresate premiums or

ams^t%^^M'aroiîere.tâ'lac\wyliMt^n^9d) and°morieyPM<fproperty acquired by«t' doirisa, or inharitrace (but tho income derived from such propsrty Is taxable and must be

District of Columbia, or United Stiitaa possessions, or

Stated SavinM Bonds and Treasury t>ond^ owned in excess of $5,090, ani of tho'United Gtatas (otber than obligations ' >•—•-- "-•>—

r0"(£' Anouuts raoefvwiYhrowli ace'

is corapensatior. fcr porxraal injuries

U(J)°Th9 ren

Ut™-s'ElSe

a<jra dwelling t

înterest should be

lil-ance or under vcrortanen's compensatloD acts,

3e amount ot a n j damaees rooelved, whether by

fices thereof furnished to a minister of the goepel

icn thereof to its officers or employees for services

by tha Un:'"ed S'ites or any agency thereof) by aa individual ciUien of the United Stated who is a bonafide noni-oa'ident for more liisn e moi'ths during iLe t&iable year. Tbe tftipayer in such a case may notdeduct from his gross inooms any amount piopoiiy allocable to or cbargeablo against the amount 30

25. ACCRUED OR RECEIVED INCOMEIf your books of account are kept on the accrual basis, report all income

accrued, even though it has not been actually received or entered oa the books,and expenses incurred instead of expenses paid. If your books are not kept onthe accrual basis, report all income received or constructively received, such asbank interest credited to your account, and expenses paid. The return for adecedent rhall include all iterua of inoomo and deductions accrued up to the dateof death regardless of the fact that the decedent may have kept hi3 books on

26. PERIOD TO BE COVERED BY BETCKNThe return must be filed on this form for the calendar year 1935 or for a fiscal

year begue in 1935 and ended ia 1936.The accounting period established must be adhered to for subsequsnt years,

unless permission ia received from tho Commissioner to make a change. Anapplication for a change in tha accounting period shall be made on Form 1128and forwarded to the collector prior to the expiration of 30 days from the closeof the proposed taxable year.

27. AFFIDAVITSTaxpayer or agent—The affidavit must be executed by the person whose

income is reported or bv hia legal representative or agent. The return maybemade bv an agent (1) if, by reason of illness, the person liable for the makingof tha return is unable to make it, or (2) if the taxpayor is unable to make thereturn by reason of continuous absence from the United States for a period of atleast 00 days prior to tho date prescribed by Jaw for making tha return. Whenevera return is made by an agent it must bo accompanied by a power of attorneyon Form 935, or, in the cane of husband and wife, on Form 936 (copies ofwhich may be obtained from tha collector of internal revenue).

Joint retmiu—The joint return of husband and wife must be signed by bothspouse3 and sworn to by the spouse preparing—filling in—the return. If thereturn ia prepared by both spouses, or is prepared by neither spouse *"»<•" K"*h

si l ted oer.—Questi

tha otherepouso linder a power of attoi - _ -- -

Where return is prepared b7 someone other than taapay— .»page 1 of the return should ba answered fully, and where the return ia actuallyprepared by eome person or persona, other than tha taxpayer, such person ornsrsonfi must execute the affidavit at tha foot of page 1 of the return.

iU be administered without charge by any collector, deputy collec-Thtor, o

t

eed went. If ab f

grnal r

binternal revenue agent.

return should be sworn to before a notary public, justice of the peace, or otherperson authorised to administer oaths, except an attorney or agent employed torepresent the taxpayer before the Department in connection with his tax liability. .

28. WHEN AND WHERE THE RETURN MUST BE FILEDThe return must be sent to the collector of internal revenue for the district in •

which you live or have your principal place of business, so as to reach the col- •lector's ofSca on or before tho fifteenth day of the third month following theclose of your taxable year. In case vou have no legal residence or place ofbusiness in the United States, the return should be forwarded to the Collectorof Internal Revenue, Baltimore, Maryland.

20. WHEN AND TO WHOM THE TAX MUST BE PAIDThe tax should be paid, if possible, by sending or bringing with the return a

check or money order drawn to the order of "Collector of Internal Revenue at(insert city and State)." Do not send cash by mail, nor pay it in person exceptat the Collector's office.

The tax may be paid when the return is filed, or in four equal installments,as follows: Ths first installment shall be paid on or before the fifteenth day ofthe third month following the close of the taxable year, the second installment,shall be paid on or before the fifteenth day of the third month, the third install-ment on or before the fifteenth day of the sixth month, and the fourth installmenton or before the fifteenth day of the ninth month after the latest date prescribedfor paying the first installment.

If any installment is not paid on tho date fixed for payment, the whole amount .of tax unpaid shall be paid upon notice and demand by the collector.

30. PENALTIESFor willful failtire to make and file a return on time.—Not more than $10,000

or imprisonment for not more than 1 year, or both, together with the costs ofprosecution, and, in addition, 5 percent to 25 percent of the amount of the tax.

For wiUfully making a false or fraudulent return.—Not more than $10,000 orimprisonment for not more than 5 years, or both, together with the costs of.

For deficiency in tax.—5 percent of the amount of the deficiency if due tonegligence or intentional disregard of rules and regulations without intent todefraud, or 50 percent of amount of the deficiency if due to fraud.

31. INFORMATION AT SOURCEEvery person making payments of salaries, wages, interest, rents, commissions,

or other fixed or determinable income of $ 1,000 or more during the calendar year,to a single person, a partnership, or a fiduciary, or $2 500 or more to a marriedperson, is required to make a return on Forms 1096 and 1099 showing the amountof such payments and the name and address of each recipient. These forms willbe furnished by any collector of internal revenue upon request. Such returnscovering the calendar year 1935 must be forwarded to the Commissioner ofInternal Revenue, Sorting Section, Washington, D. C , in time to be receivednot later than February 15, 1936. . i-ieon *


1935


RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURNF o r m 1040A

TREASURY DEPARTMENT

OUdltor'. .ump)

INDIVIDUAL INCOME TAX RETURNFOR NET INCOMES OF NOT MORE THAN $5,000

DERIVED CHIEFLY FROM SALARIES AND WAGES

For Calendar Year 1935To be filed with t h . Collator of Internal Rrnnua for your dUtrict on or bo for. March 15,1938

PRINT NAME AND ADDRESS PLAINLY BELOW

(N«w) (Both "hu»b»nd end wife, it thL" U • joint return)

Otraet and number, or rural route)

(Post offioe) (County) (State)

OCCUPATION

Do not write in this space

SSLft*

(Cashier's .tamp)

Cadi Check M.O.

1. Are you a citizen or resident 3. Was a separate return filed byof the United States? husband or wife?

2. Were you married and living with hus- 4. If not married, were you the head of aband or wife during your taxable year? family during your taxable year?

5. How many dependents (except husband or wife) receivedtheir chief support from you during your taxable year? . . .

8. State date and nature of any changeunder questions 2, 4, or 5 during the year

'N£ INCOME1. Salaries, wages, commissions, fees, etc. (State from whom received)

2. Interest on bank deposits, notes, mortgages, and corporation bonds

3. Interest on bonds upon which a tax of 2% was paid at 6ourcc

4. Other income (including income from fiduciaries, partnerships, etc.) (State source):

$ .

5. TOTAL INCOME IN ITEMS 1 TO 4 -

DEDUCTIONS6 Taxes paid

(State nature and amounts)7 Contributions (Furnish names of organizations and amounts contributed to each)8. Other deductions authorized by law. (Furnish details)

9. TOTAL DEDUCTIONS IN ITEMS 6 TO 8

COMPUTATION OF TAX

10. Net income for normal tax purposes (item 5 minus item 0)

11. Less: Earned income credit

12 Personal exemption

1 3 . C r e d i t f o r d e p e n d e n t s . ( E x p l a i n o n r e v e r s e s i d e ) . . . . . .

$

$

14. Balance taxable at 4% (item 10 minus items 11, 12, and 13)

15. Total income tax (4% of item 14)

16. Less: Income tax paid at source on tax-free covenant bonds (2% of item 3)

17. Income tax paid to a foreign country or United Statea possession. (Attach Form me)

18. BALANCE or TAX (item 15 minus items 16 and 17)

$

$

S

$

$

$.....AFFIDAVIT

I/we swear (or affirm) that this return has been examined by me/us, and, to the best of my/our knowledge and belief, isa truo and complete return for the taxable year S3 8tated, pursuant to the Revenue Act of 1934 and regulations issued underauthority thereof.

Sworn to and subscribed by

beforo me this day of , 1936.(Signature) (See Instructions)

fioe Instructions. (Signature and title of officer administering oath)


1935

STATISTICS OF INCOME 151

EXPLANATION OF CREDIT FOR DEPENDENTS CLAIMED IN ITEM 13

1. NAME OF DEPENDENT

I N T E R E S T O N G O V E R N M E N T O B L I G A T I O N S . E T C .

(a) Obligations of a State, Territory, or politicnl subdivision thereof, or the District ofColumbia, or possessions of the United States

(b) Obligations of instrumentalities of the United States (such as obligations issued underFederal Farm Loan Act, as amended, Home Owners' Loan Act, etc.) .

(c) Obligations of the United States . .

AMOUNT OWNEDAT END OF YEAR

$

DBMNO'TUEYE.VB

$

DIVIDENDS FROM DOMESTIC CORPORATIONS

State the amount of dividends received from domestic corporations which are subject to income tax underthe Revenue Act of 1934, including your share of such dividends on stock owned by a partnership, syndi-cate, pool, joint venture, etc., or an estate or trust $..

INSTRUCTIONSLIABILITY FOR HUNG RETURN

An income tax Returnwhether residing at homiStates, though not a citizi1935 of $5,000, or over, orif single, or if married and not living

irried and living with husband

ust be filed byir abroad, and (thereof, having

ery citizen of the United States•y person residing in the United

g a gross income for the calendar yearthe same period of (a) $1,000 or over,

_ husband or wifo, or (6) $2,500 or over,ife, or (c) more than the personal exemp-

tion if the status of tho taxpayer changes during the taxable year. If the ©bined net income of husband and wife, including that of dependent miuurchildren, if any, is $2,500 or over, or if their combined gross income is $5,000 orover, either each must make a return, or the income of each must be includedin a single joint return.

ITEMS EXEMPT FROM TAX(a) Amounts received under a life insurance contract paid by reason of tha

death of the insured.(6) Amounts received (other than by reason of the death of the insured) uuder

.& life insurance or endowment contract, not to exceed the premiums or considera-tion paid for such contract. Amounts received as an annuity under an annuityor endowment contract shall be included in gross income; except that there shallbe excluded frois gross income the excess of tho amount received in the taxableyear ovor an amount equal to 3 percent of the aggregate premiums or considera-tion paid for such annuity (whether or not paid during such year), until thoaggregate amount excluded from gross income equals the aggregate premiumsor consideration paid for such annuity.

(c) Gifts (not made as a consideration for services) and property acquired bybequest, devise, or inheritance (but the income from such properly is taxableand must be reported).

(d) Interest upon (1) obligations of a State, Territory, or a political subdivisionthereof, or the District of Columbia, or possessions of the United States; (2) obli-gations of IUnited StaStates e % and 4)4bonds, and Treasury bonds, owned iinstrumentalities of the United StatFederal Farm Loan A< t, as amended) i

(e) Amounts received as accident orsickness, plus damages received on acco

(J) Rental value of a dwelling housminister of the gospel as part of his co

ental value ominister of the gospel p

(?) Compensation paid byor employees for services rend

gf hisS

, -j of $5,000, and o „! (except obligations issued under thosubject to surtax if the surtax net income

health insurance for personal injuries orint of such injuries or sickness.and appurtenances thereof furnished a

(ft) Compensation received for services rendered without the United Slates(except amounts paid by the United States or any agency thereof) by a citizenwho is a nonresident for more than six months during the taxable year.

INCOME

Salaries.—Enter as item 1 all salaries, wages, or other compensation receivedfrom outside sources by (a) yourself, (6) your husband or wife if a joint returnis filed, and (r) each dependent minor child.

Interest.—Knter as item 2 interest received on bank deposits, notes, mortgages,and corporation bonds, except that interest recoived on bonds upon which atax was paid at source by the debtor corporation should be entered as item 3.The tax of 2 percent paid at source on such interef t should be claimed as a creditin item 16. Interest on bonds is considered income when due and payablo.

Other income.—Enter as item 4 all other taxable income, including dividendsen stock of domestic corporations not subject to income tax under the RevenueAct of li)34 (such as building and loan associations, etc.), and dividanda on stockof foreign corporations, income of an estate or trust, and your share (whetherreceived or not) in tbe profits of a partnership, syndicate, pool, Joint venture etc.

DEDUCTIONS

Tues.—Kntcr os item C all personal taxes and taxes on property paid durinuthe year Do not include Federal income taxes, nor estate, inheritance, logacy,succession and gift luxes No part of foreign Income and profits taxes is allowa-ble as a deductiou if a credit is claimed in item 17 of the return.

Contributions.— Enter as item 7 any contributions or gifts made during theyear to any corporation or fund organized and operated exclusively for religious,charitable, or educational purposes, uo part of the net earnings of which inuresto the benefit of any private shareholder or individual, and no substantial partol tho activities of which is carrying on propaganda, or otherwise attempting,to influence legislation. The amount claimed -shall not exceed 15 percent of thonet income computed without tho benefit of tbb deduetlon.

Furnish names o( organizations and amounts oontributed to each.

Other deductions.—Enter ?s item 8 any other deductions authorized by law,including interest paid on personal indebtedness.

No deduction is allowable for the amount of any item or part thereof allocableto a class of exempt income, other than interest. Items directly attributable tosuch exompt income shall be allocated thereto, and items directly attributableto any class of taxable income shall bo allocated to such taxable income.

A taxpayer receiving any exempt income, other than interest, or holding anyproperty or engaging in any activity the income from which is exempt shallsubmit with his return as a part thereof an itemized statement, in detail, showing(1) the amount of each class of exempt income, and (2) the amount of itemsallocated to each such class (the amount allocated by apportionment beingshown separately).

EARNED INCOME CREDIT. PERSONAL EXEMPTION, ETC.

In computing tha normal tax, but not the surtax, there may be claimed a creditagainst net income of 10 percent of the amount of the earned net income, butnot in excess of 10 percent of the amount of the entire net income. If the netincome is not more than $3,000, the entire net income shall be considered to boearned net income, and if the net income is more than $3,000, the earned netincome shall not be considered to be less than $3,000.

A single person, or a married person not living with husband or wife, mnyclaim a personal exemption of $1,000. A person who, during the entire taxableyea/, was the head of a family or was married and living with husband or wife,may claim an exemption of $2,500. If husband and wife file separate returns,the personal exemption may be taken by either or divided between them.

A "head of a family" is an individual who actually supports and maintainsIn one household one or more individuals who are closely cocnected with himby blood relationship, relationship by marriage, or by adoption, ond whose r'ightto exercise family control und provide for these dependent individuals is based

1 n addition to the personal exemption, a credit of $400 may bo claimod for eachr-Tson (other than husband or wife) under eighteen years of age, or incapable ofself-support because mentally or physically defective, who received his or herchief support from the taxpayer. This credit can be claimed only by the personwlio furnishes the chief support, and cannot be divided between two individuals.

If the status of the taxpayer, insofar as it aftVcts the personal exemption orcredit for dependents, changes during the taxable year, the personal exemptionand credit shall be apportioned in accordance with the number of months beforeond after such change. For the purpose of such apportionment a fractional partof a month shall be disregarded unless it amounts to more than half a monthin which case it phftH be considered as a month.

GENERAL INFORMATION

Affldavit.-The onth will be administered without charge by any collector,deputy collector, or internal revenue agent. If an internal revenue officer is notavailable, the return should be sworn to before a person authorized to admin-ister oaths, except an attorney or agont employed to represent the taxpayerbefore the Department in connection with his tax.

The affidavit must be executed by the person whose income Is reported or byhis legal representative or agent. The return may be made by an agent (1) if,by reason of illness, the person liable for tho making of the return is unable tomake it, or (2) If the taxpayer is unable to make tho return by reason of contin-uous absence from the United States for a period of at least 60 days prior to thedate prescribed by law for making the return. Whenever a return is made byan agent it must be accompanied by a power of attorney on Form 635, or, in thecase of husband and wife, on Form 036 (copies of which may be obtained from thecollector of internal revenue).

The Joint return of husband and wife mnat be signed by both spooses and•worn to by the spouse preparing—filling In—the return. If the return is pre-pared by both spouses, or is prepared by neither spouse, then both spouse*must swear to the return, except where one spouse acts for the other spousaunder a power of attorney submitted on Form 936.

Tax.—The tax may be paid at time of filing the return, or In four equal Install-ments payable quarterly provided each installment is paid on or before itsrespective due date.

PENALTIES

For willful fallow, to make and file a return on tlme.-Not more than $10,000or Imprisonment for not more than one year, or both, together with the costs ofprosocutlon, and, in addition. 5 to 25 percent of tho amount of the tax.

For willfully making a false or fraudulent return.—Not more than $10,000or imprisonment for not more than five years,or both, together with the costs ofprosecution.


1935


RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN

TREASUK<YIDE1PARTME|NT

(Auditor's Stamp)

PARTNERSHIP RETURN OF INCOME(TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.)

For Calendar Year 193SOr Fiscal Year begun , 1935, and ended ,-1936File This Return Not Later Than the Fifteenth Day of the Third Month Fallowing the Close of the Taxable Year

PRINT PLAINLY NAME AND BUSINESS ADDRESS OF THE ORGANIZATION

(Name)

(Street and number)

(Post office and State)

Business or Profession _

Nature of Organization


FileCode

Serial

Number

District . — -

(Date Received)

actually prepare this return for t

the organization and the items c ectDofWwhich the as

give the name and address or such person or persons an

Imtruction No.

1. Groes Receipts from BusinessGROSS INCOME

r Profession _

(V) Merchandise bought for sale . . . . ,

(c) Cost Of labor, supplies, etc. (From Schedule A)

(d) Total of lines (a), (b), and (e)

(e) Less inventory at end of year _

3. Gross Profit from Business or Profession (Item l minus Item 2)

4. Income (or loss) from Other Partnerships, Syndicates, Pools, etc. (State separatel]

6. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds).

6. Interest on Tax-free Covenant Bonds upon which a Tax was Paid at Source

8. Royalties

©. Capital Gain (or loss). (FromSc

(6) Domestic Corporations not subject to taxation u

(e) Foreign Corporations

11. Other Income (state nature of Income):

Bt of 1934—

e Act of 1934-

(o) ..

12. L I N S 3 TO 11

DEDUCTIONS13. Salaries of Employees. (Do not Include compensation for partners or me

14. Rent on Business Property _

15. Repairs. (From Schedule C) _

16. Interest on Indebtedness _

17. Taxes paid. (From Schedule B)

18. Looses by Fire, Storm, etc. (From Schedule E) _19. Bad debts (from Schedule F); also bonds determined to be worthless during taxable year.

20. Charitable Contributions. (Explain In soparate schedule) . _

21. Depreciation (resulting from exhaustion, wear and tear, or obsolescence). (From Schedule 0)

22. Other Deductions Authorized by Law (including stock determined to be worthless during taxable year)

(explain 1

TOTAL

N E T IN

UCTIONS IN ITEMS 13 TO 22 . .

E (Item 12 minus Item 23)...

(Designate nonresident aliens, if any)

«bl«.—Where return of partner or member is filed in another collection district,

( 0 )

(6)

(c)

(«) „

( / )

(?)

c?ici?if

TOTALS

$

s

$

* i 1$

8. INCOME TAX

!$

Pos?«asioAN3 *

$

- -

. . . . .


1935

STATISTICS OF INCOME 153SCHEDULE A—COST OF LABOR, SUPPLIES, ETC. (See Instruction 2)

Labor _

Supplies _ _ - -

S

j

ii

.

ll ToTAL (enter as Item

I,EMS

2 (c))

AMOUNT

$

S , . „ .

I. DESCRIPTION or PBOP-

• (a) I year or less;

• (b) Over 1 year but not

• (o) Over 2 years but not

• (e) Over 10 years:

SCHEDULE B—CAPITAL GAINS AND LOSSES (FROM SALES OR EXCHANGES ONLY) (See Ir

£3*2,

Mo. BOD Year

•sssL

MU. / * „ V7«.r

TUAT D A T E ; ( Ini i -

$

™19?3R

(Fur-B

nlsb details)

of $

8. GAS; oa Loss

$

2,000 plus ca pital

structic

INT(?AC-

100

80

60

40

30'

gains).

nO)

a. <U«s

S

s

assb. LOSSES

•Inrejjortinc sales or exchangesof capital assetBattaeh^sepnreto scheduleîi necessa

- any, of purchaser to partnership or any member thereof _

Every sain or sxchanM of stock rnouM bo reportod in detail, inciudiag namo and addrosa of corstock rights, e t c i

- -o . . . . ; (2) Personal

of shares, capital changos affecting basis (stock dividends, other

relationship,

contaiabls dividends.

SCH :DULE C—COST OF REPAIRS

». ITEH3

(See In struction

cd•f

IS) I

15) fi|!

|

SCHEDULE I)—TAXES PAID

1/ITM.

(See Instruction

1t

17)

(ErSer UcmlT)

SCHEDULE E—EXPLANATION OF DEDUCTION FOR LOSSES HY FIRE, STORM, ETC. (See Instruction 18)

1 » « 1 « « - 1 3.COS*

I , .. ii " 1 J L ..-

i 1

7. DEDUCTIBLE LOSS(Enter as Item 18)

$

State how property was acquired ..

SCHEDULE F—EXPLANATION OF DEDUCTION FOB BAD DEBTS (See Inetructic

(a)

W)

YEAS

1932

1933

1934

NETIKCOME

$

n 19)

CHAEOEDO* ACCOST

1

B A D D E . T . '

$

—

SCHEDULE G—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruction 21)

' ( « buildinKE, statematerial of which hSSL

3. COST on MABCH 1,

DATI?D (Ind?cate>bIiste)

I!

i. ASSETS FTJILT D I ? E E -

~™ «?«,«=»

$

|

$

«. REMUNTNO COSTO B O T H I B B A S I O I O

s

T.LrjTETJsiDD

DEOmNINO

9. D E F R I C U T I O NAlXOWABLE THIS YEAn

$

SCHEDULE H—NQNTAXABLE OBLIGATIONS. LIBERTY BONDS, ETC. (See Instruction 26)

(a) Obligations of a State, Territory, or any poUtical subdivision thereof, or the District of Columbia, or U. S. possessions.

{&) Obligations issusd under the provisions of the Federal Farm Loan Act, or under such act as amended

(c) Liberty 3J^% Bonds and other obligations of United States issued oa or before September 1, 1917 _

[d) Treasury notes, Treasury bills, and Treasury certificates of indebtedness

(8) Liberty. 4% «nd 4,%% Bonds, TJ. S. Savings Bonds, and Treasury Bonds_ ^—

if) Obligations of instrumentalities of the United States (other than obligations to bo reported in (6) above)

SCHEDULE I—INCOME FROM DIVIDENDS

. . . . . .

$

Itemizo all dividends received during the year, B1 jnta and names and addresses of corporations declaring the dividends:

AFFIDAVIT (See Instruction 30)I swear (or affirm) that this return (including its accompanying schedules and statements, if any) has been examined by me, and, to the best of my knowledgo

and belief, is a true, correct, and complete return, made in good faith, for the accounting period eiated, pursuant to the Revenue Act of 1934 and the Regulationsissued thereunder.

Sworn to and subscribed before me this day of , 193

(Title

AFFIDAVIT (See Instruction 30) -I/we swear (or affirm) that I/we prepared this return for the organization named herein and that the return (including its accompanying schedules and

statements, if any) is a true, correct, and complete statement of all the information respecting the income tax liability of the person for whom this return hasbeen prepared of which I/we have any knowledge.

(Signature oJ person preparing tb

Sworn to and subscribed before me this day of... t 193

"(Slgnaturo ofofficer administering oath)


1935


INSTRUCTIONSThe Instructions Numbered 1 to 25 Correspond with the Item Numbers on the First Page of the Return

1. GROSS RECEIPTSDescribe the busim >r profession in the space provided at the top of page

• 1, and enter as item. 1 on page 1 of the return the gross receipts from sales orservices, less any discounts or allowances from the sale price or service charge.

Farmer's income schedule.—If the organization operates a farm and keepsno books of account, or keeps books on a cash basis, obtain from the collectorand attach to this return Form 1040F, Schedule of Farm Income and Ex-penses, and enter the net farm income as item 3 on page 1 of this return. Ifthe farm books of account are kept on an accrual basis, the filing of Form1040F is optional.

Installment sales.—If the installment method is used, attach to the returna schedule showing separately for the taxable years 1933,1934,1935, and 1936the following information: (a) Gross sales; (b) cost of goods sold; (c) grossprofits; (d) percentage of profits to gross sales; (e) amount collected; and (/)gross profit on amount collected. See section 44 of the Revenue Act of 1936.

2. COST OF GOODS SOLDEnter as item 2 the information requested in lines (a) to (e), and list in

Schedule A on page 2 of the return the principal items of cost included in theamount entered on line (c), the minor items to be grouped in one amount.

Inventories.—If the production, purchase, or sale of merchandise is anincome-producing factor in the trade or business, inventories of merchandisen hand should be taken at the beginning and end of the taxable year. Enter

"C",valued at cost, or cost o arket, whichever is l

3. GROSS PROFITEnter as item 3 the gross profit derived from the business or profe on

•which is obtained by deducting item 2, the cost of goods sold as extended,from item 1, the gross receipts.

4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP, ETC.Enter as item 4 the share of the profits (whether received or not) (or of the

losses) of another partnership, syndicate, pool, joint venture, etc., except th;the share of interest on obligations of the United States, etc., shall be reportedin Schedule H, page 2 of the return..

If the accounting period on the basis of which this return is filed does notcoincide "with the annual accounting period of another partnership, syndipool, etc., from which income is received, there should be included in thi return the distributive share of the net profits (or losses) for the accountingperiod of such partnership, syndicate, pool, etc., ending within the accountingperiod for which this return is filed.

5. INTEREST ON BANK DEPOSITS, ETC.Enter as item 5 all interest received or credited to the account of the organ

ization during the taxable year on bank deposits, notes, mortgages, and c rporation bonds, except interest on bonds upon which a tax wa id t tlsource. Interest on bonds is considered income when due and pa p

ble6. INTEREST ON TAX-FREE COVENANT BONDS

s paid aF 10

Enter as item 6 interest on bonds upon which pby the debtor corporation, if an ownership certificate on Form 1000 was filed•with the interest coupons. The tax of 2 percent paid at the source on suchinterest should be allocated to the partners or members in column oi tern25, page 1 of the return.

7. RENTSEnter sis item 7 tnc jross unmount TGCGIVGQ for tno rent of property* Any

deductions claimed for repairs," interest, -taxes, and depreciation should beincluded in items 15, 16, 17, and 21, respectively.

If property or crops were received in lieu of cash rent, report the income asthough the rent had been received in cash. Crops received as rent on a crop-share basis should be reported as income for the year in which disposed of,unless this return shows income accrued.

8. ROYALTIESEnter as item 8 the gross amount received as royalties. . If a deduction is

claimed on account of depletion, it should be included in item 22. See sections23 (m) and 114 of the Revenue Act of 1936.

9. CAPITAL GAINS AND LOSSESReport sales or exchanges of capital assets in Schedule B and enter the net

amount of gain or loss to be taken into account in computing net income asitem 9. (CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENTOF $2,000 PLUS CAPITAL GAINS. THEREFORE, IF THE TOTALAMOUNT OF CAPITAL LOSSES IS IN EXCESS OF THE TOTALAMOUNT OF CAPITAL GAINS, THE AMOUNT TO BE ENTERED ASITEM 9 MAY NOT EXCEED $2,000.) Describe the property briefly, and

e the Tin exchange.

If the property sold or exchanged was acquired prior to March 1, 1913, thebasis for determining GAIN is the cost or the fair market value as of March 1,1913, adjusted as provided in section 113 (b) of the Revenue Act of 1936,•whichever is greater, but in determining LOSS the basis is cost so adjusted.If the property was acquired after February 28, 1913, and the basis is nototherwise determined under any of the paragraphs (1) to (12), inclusive, ofsection 113 (a) of the Revenue Act of 1936, then tie basis shall be the sameas it would be in the hands of the transferor, increased in the amount of gainor decreased in the amount of loss recognized to the transferor upon suchtransfer under the law applicable to the year m which the transfer was made.If the property was distributed in kind by a partnership to any partner, thebasis of such property in the hands of the partner shall be such part of thebasis in his hands of his partnership interest as is properly allocable to suchproperty. (See section 113 of the Revenue Act of 1936.) If the amountshown as cost is other than actual cash cost of the property sold or exchanged,full details must be furnished regarding the acquisition of the property.

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,or depletion which has been allowed (but not less than the amount allowable)in respect of such property since date of acquisition, or since March 1,1913, ifthe property was acquired before that date. In addition, if the property wasacquired before March 1, 1913, the cost shall be reduced by the depreciationactually sustained before that date.

Subsequent improvements include expenditures for additions, improve-ments, and repairs made to restore the property or prolong its useful life. Donot deduct ordinary repairs, interest, or taxes in computing gain or loss.

No loss shall be recognized in any sale or other disposition of shares ofstock or securities where the organization has acquired substantially identicalstock or securities within 30 days before or after the date of such sale or dis-position, unless the organization is engaged in the trade or business of buyingand selling stocks and securities.

No deduction shall be allowed in respect of losses from sales or exchangesof property, directly or indirectly, (A) between members of a family, or(B) except in the case of distributions in liquidation, between an individualand a corporation in which such individual owns, directly or indirectly, morethan 50 percent in value of the outstanding stock. For the purpose of thisparagraph—(C) an individual shall be considered as owning the stock owned,directly or indirectly, by his family; and (D) the family of an individual shallinclude only his brothers and sisters (whether by the whole or half blood),spouse, ancestors, and lineal descendants.

The provisions of the Revenue Act of 1936 relating to capital gains and

N w h t nding he p o o s of c on 117 (a) a o e 100 pe ent ofthe g n re ng to e b f m di tr b t on 1 on f opora on h 1 be taken n o ceo nt n comp y t n o e e e n hecase of amounts disti b ted in co p e e 1 q d on of a c rjo t ( ecsection 115 (c) of the Revenue Act of 1936.)

SECTION 117 APPLIES ONLY TO GAINS AND LOSSES UPON THESALE OR EXCHANGE OF CAPITAL ASSETS AND, THEREFORE, HASNO APPLICATION TO LOSS OF USEFUL VALUE UPON THE PER-MANENT ABANDONMENT OF THE USE OF PROPERTY OR LOSSSUSTAINED AS THE RESULT OF CORPORATE STOCK OR DEBTSBECOMING WORTHLESS.

10. DIVIDENDSEnter as item 10 the total of all dividends reported in Schedule I.

11. OTHER INCOMEEnter as item 11 all other taxable income for which no space is provided

elsewhere on page 1 of the return.

12. TOTAL INCOMEEnter as item 12 the net amount of items 3 to 11, inclusive, after deducting

any los reported in item 3, 4, a

13. SALARIESEnter as item 13 all salaries and wages not included as a deduction in line

(c) of item 2; except compensation for partners or members, which shall notbe claimed as a deduction in this item or elsewhere on the return.

14. RENTEnter as item 14 rent or>"business property in which the organization has no

equity. Do no'; include rent for a dwelling occupied by any partner or memberfor residential purposes.

15. REPAIRSEnter as item 15 the cost of ordinary repairs to keep the property in a

usable condition, including labor, supplies, and other items which do not ap-preciably add to the value or life of the property. Do not include expendituresfor the cost of replacements or permanent improvements to property, nor thecost of business equipment or furniture. List in Schedule C the principalitems of cost, grouping the minor items in one amount.

16. INTERESTEnter as item 16 interest on business indebtedness to others. Do not in-

clude interest on capital invested in or advanced to the business by anypartner or member, nor interest on indebtedness incurred or continued to ptir-- -chase or carry obligations (other than obligations of the United States issuedafter September 24, 1917, and originally subscribed for by the taxpayer) theinterest upon which is wholly exempt from taxation.


1935

STATISTICS OF INCOME 15517. TAXES

Enter as item 17 taxes <n business property or for carrying on business. Donot include taxes assessed against local benefits tending to increase the value ofthe property assessed, as for paving, etc., Federal income taxes, nor estate,inheritance, legacy, succession, and gift taxes, nor taxes entered in column 7 ofitem 25, puga 1 of the return. List in Schedule D each class of taxes deducted.

18. LOSSES BY FIRE, STORM, ETC.Eater as item 18 losses sustained during the year, if incurred in the trade or

business, or of property not connected with the trade or business, if arising byfire, stonr>, shipwreck, or other casualty, or from theft, and not compensatedfor by insurance or otherwise. See section 23 (c) of the 'Revenue- Act of 1934.Explain such losses in Schedule E.

19. BAD DEBTSEnter as item 19 debts, or portions thereof, arising from sales or services that

have been reflected in income, which have been definitely ascertained to beworthless and have been charged off within the year, or such reasonable amountas ha/3 been added to a reserve for bad debts within the year.

If the debts are included in the deduction claimed, state in Schedule F onlice (a) of what the debts consisted, line (6) when they were created and whenthey became due, line (c) what efforts were made to collect, and line (d) howthey were actually determined to be worthless.

If the amount deducted is an addition to a reserve, enter en the lines providedin Schedule F the amounts charged on account, and the bad debts charged off,for each of the past 4 years.

A debt previously charged off as bad, if subsequently collected, must bereturned as income for the year in which collected.

20. CONTRIBUTIONSEnter as item 20 contributions or gifts made within the taxable year to any

corporation, or trust, or community chest, fund, or foundation, organized andoperated exclusively for religious, charitable, scientific, literary, or educationalpurposes, or for tbe prevention of cruelty to children or animals, no part of thenet earnings of which inures to the benefit of any private shareholder or indi-vidual, and no substantial part of the activities of which is carrying on propa-ganda, or otherwise attempting, to influence legislation. The amount claimedehall not exceed 15 percent of the organization's net income computed withoutthe benefit of this deduction. List organizations and amounts contributed toeach in a separate schedule.

21. DEPRECIATIONThe amount deductible on account of depreciation in item 21 is an amount

reasonably measuring the portion of the investment in depreciable property byreason of exhaustion, wear and tear, or obsolescence, which is properly chargeableagainst the operatic s of the year. If tho property was acqu'red by parchaseon or after March 1, 1913, the amount of depreciation should be determinedupon tTie basia of the original cost (not replacement co-it) of the property, andthe probable rumber of years remaining of its expected useful life. In case theproperty \va purchased prior to March 1, 1913, tne amount of depreciation willbe delr-rrcir.ed in the sajue manne-, except that it will be compute*.' on its originilcost, les dt preci ition. sustained prior to March 1, 1913, or its fair msrket valueas of that date, whichever is greater. If the property was acquired in aryother manner than by purchase, see section 111 of tho Revenue Ac*, of 1931.The capita sum to be recovered should be ch?.-p =d off ratably over the usefullife eZ the proptrty. Whatever plan or method of apportionment is adoptedmust be reasonable, must have due regard to operating co. ditions during thotaxable year and should be described in the return.

If a deduction is claimed on account of depreciation, fill in Schedule G. Incase obsolescence is included, etate separately amount cla;med and basis upenwhich it is computed. Land values or cost mvst cot be included in the schedule,and where I<,ri and buildings were purchased for a Tump sum the COS\J of thebuildirg subject to depreciation must be established. Th^ adjusted property

reconciled with, those account.? as relucted on the books of tho taxpayer. (Si eeectioLS 23 (1) and 114 of the Kcvenue Act o{ 1934.)

Do not claim any deduction for depreciation in tiie value of c build'nsc occupiedby any puxtner or member <ls a dwelling, or of other propsrty held for pcrcjiisluse, nor on stocks, bondc, and hi e securities.

22. OTHER DEDUCTIONSEnter as item 22 any other nuth riztd deductions for which no epafp is pro-

vided elsewhere on page 1 of the return. Do not deduct loseos incurred in

into for profit. No deduction, is allowable for the amount of tny item or partthereof allocable to a cla-3 of exempt incoai3, other than interest. Item'directly attributable to FUCII exempt income shall be allocated thereto, anditersuch i

i Jinceiving a

i impt i e, othe

than iite'Cbt, or holding any property or engaging in any activity tho incomefrom which 13 cji njpt shall submit with its return as a- part thereof an itemizedstatement, in detail, showing (1) the amount of each cl ss of exempt inc we,and (2) the amount of items allocated to well such clebs (the amount sHocatrdby apportionment being shown separately).

23. TOTAL DEDUCTIONSEntci as item 23 the total of items 13 to 22, inclusive. Do not include any

deduction cmimed in Schedule A or B.

2i. NET INCOMEEnter as item 24 the net income, which is obtained 1 y deducting item 23 from

item 12. The net inc me of the u-ânLation shall be computed \TOon the bansof itstaxablo year in accordance with the m"thod rmploved in keeping tho bool s,unless such method docs net clearly reflect tho income.

25. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITSEnter the names and addresses of the partners or members on lines (a), (b).

(c), etc., in column 1 of item 25, page 1 of the return, and extend in the propercolumns each partner's or member's shares of the net income whether distributedor not. Item "5 should aho show complete information with respect to all mem-bers of the partnership, syndicate, group, etc., haviDg any interest during anyportion of the taxable year.

Earned income.—Enter in Column 4 the proper part of each partner's ormember's distributive share of the organization's net income which consists-ofearned income. Such part cannot exceed a reasonable allowance aa'compensa-tion for personal services actually rendered by the partner or member in con-

nection with the organization's business. In the case of an organization whichis engaged in a trade or business in which capital is a material income-producingfactor and in the trade or business of which the partner or member renderspersonal services which are material to the earning of the organization's income,the earned income of the partner or member from the organization is a reason-able allowance as compensation for the personal services actually renderedby him, but not in excess of 20 percent of his shars of the net profits of theorganization (computed without deduction for so-called salaries to partners)or members).

Credit for taxes.—If interest was received on tax-free covenant bonds inconnection with which an ownership certificate on Form 1000 was filed, the taxof 2 percent paid at the source on such interest should be allocated to thepartners or members in column 6.

If income tax paid to a foreign country or a possession of the United Statesis entered in column 7, submit Form 1116 with this return with a receipt foreach such tax payment. In case the amount entered in column 7 includesforeign taxes accrued but not paid, attach to the form a certified copy of thereturn on which the taxes were based. The Commissioner may require thepartners or members to give a bond on Form. 1117 for the payment of anyadditional tax found due if the foreign tax when paid differs, from the amount

26. NONTAXABLE OBLIGATIONS, LIBERTY BONDS, ETC.Enter on the proper lines in column 2 of Schedule H the amount of obligations

or securities owned at the end of the year, including the share of such obligationsowned in another partnership, syndicate, group, etc., and in column 3 the in-terest received or accrued thereon during the year. Each partner or membershould be advised as to the amount of his share of these obligations and of theinterest, in order that he may include this information in his individual incometax return and determine whether such interest is subject to tax.

27. RETURNS BY PARTNERSHIPS, ETC.Every domestic partnership (including syndicates, groups, pools, foint ven-

tures, or other unincorporated orga&izations, through or by means of which anybusiness, financial operation, or venture is carried on, and which are not, withinthe meaning of the Revenue Act oi 1934, trusts, estates, or corporations) andevery foreign partnership, syndicate, pool, etc., doing business within theUnited States or in receipt of income from sources therein regardless of theamount, shall make a return of income on Form 1065 for the calendar year1985 or for a fiscal year begun in 1G35 and ended in 1S8S. (See section 801 (a)(3) and Supplement F of the Revenue Act of 1934.) If this return is filed oabehalf of a syndicate, pool, j oint venture, or similar group, a ocpy of tha operatingagreenieiit should be attached to this return.

28. PERIOD TO BE COVERED BY RETURN

Except in the ca3e of the first return the organization shall make its returnon the basis unon which the return was made for the accounting period imme-diately preceding unless, with the approval of the Commissioner, a change ismade in ths accounting period.

If the organization desires to change its accounting period from fiscal year tocalendar yecr, from calendar year to fiscal year, or from ona fiscal year to anotherfis'îl vo3r an ivpnlicaiion. for such change shall be made on Form 112S and for—warded to tho collector prior to the expiration of 30 days from the close of theproposed accouitlng period.

29. ACCRUED OR RECEIVED INCOMEIf the book3 of account are kept on an accrual basis, report all income accrued,

even though it lu>s not been actual! received or entered on the books, andexpenses incurreJ instead of expenses paid.

If the books are not kept on tho a-crual basis, report all income received orc nstructively received, such as bank interest credited to the account of theorganization, and expenses paid.

SO. AFFIDAVITSPartner o member.—The retur. shall be sworn to by any one of the partners

or members,. If receivers, trustees in bankruptcy, or7assignees are in control ofthe properly or business of the organization, such receivers, trustees, or assigneesshall execute the rpturu under rath.

Where return is prepared by someone other than the organization.—Question1 on page 1 of the return should be answered fully, and where the return iaactually prepared by some person or persons other than the organization, suchpei son or persons must execute tho affidavit at the foot of page 2 of the return.

An atluriey or spent employed to represent the organization before theDepartment in connection with tax matters is not permitted to administer the

31. WHEN AND WHERE THE RETURN MUST BE FILEDTho return must be filed on vc before the fifteenth dav of the third montn

following the close of the tf-xjbia year with tho collector of internal revenue forthe district ia which the organization has its principal office or place of business.The return for a foreign partnership, syndicate, pool, etc., shall be filed on orbefore the fiftejnth day of the sixth month following the close of the taxableyear wUh the Collector of Internal Revenue, Baltimore, Maryland.

to exceed tj months, if application therefor is made before the date prescribedby law for fling cucli return, whenever in his judgment good causa exists.

32. PENALTIES vFor willful failure to make a return on time.—Not more than $10,000, or

imprisonment for not more than 1 year, or both, together with the costs ofprosecution.

For willfully malrin* a false or fraudulent return.—Not more than $10,000,or imprisonment for not more than 5 years, or both, together with the costs ofprosecution.

33. INFORMATION AT SOURCEEvery partnership, syndicate, pool, etc., making payments of salaries (other

than salaries paid to the partners or members), wages, interest, rents, commis-sions, or other fixad or determinable income of $1,000 or more during the calendaryear, to a single person, another partnership, syndicate, pool, etc., or a fiduciary,or $2,500 or more to a married person, is required to make a return on Forms1096 and 1099, showiDg the amount of such payments and the name and addressof each recipient. These forms will be furnished by any collector of internalrevenue upon request. Such returns covering the calendar year 193S must beforwarded to the Commissioiier of Internal Revenue, Sorting Section, Washing-ton D. C.r in time to be received not later than February 15, 1936.


1935


RETURN FORM MARKEIForm 1120

TREASURY DEPARTMEiIKTUNJJ: RXTENCC SIBYK

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNFor Calendar Year 1935

or Fi»c«l Year begun . , 1935, and ended , 1936

Dale of Incorporation _

Under the Laws of what State or Country..

Page 1 of Return

(Caahfcr'a Stamp)

Th. Corporation1* Book* are in Care of

Kind o( Business (in detail)(Also check Industrial division on pi

If a Foreijn Corporation, State Whether Resident or Nonresident..

Is the Corporation a Personal Hokfinf Company Within the Meanmg of Section 3S1 of the Retenue Act of 1934? .

Located »t

I . This a Consolidated Return ol Railroad Corporations? If «,, of How Many Corporation*?3)

; if Nonresident, Stele Amount of income Excluded (Instruction 33) From Grow Income, $

^.... (If n, m additional re n on Form 1120 H mmt be filed.)

5CW GROSS INCOME. Gross Sales (where inventories are Less Retur

an income-determining factor), $.... „.....•.„,... ; Allowamand

B, $ ; Net Sales... $

is Cost of Goods Sold:(o) Inventory at beginning of year

(6) Material or merchandise bought for manufacture or sale.

(e) Miscellaneous costs (From Schedule A, Column 1):(1) Salaries and (2) Other

wages, $ ; costs, $

(d) Total of lines (a), (b), and (c)

(«) Less inventory at end of year

. Gross Profit from Sales (Item 1 minus Item 2)

4. Gross Receipts (where inventories are not an income-determining factor)...

5. Less cost of operations (From fehedola A. Column »:(a) Salaries and (6) Other

wages, $ ; costs, $ „ ; Total

f. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 6)

'. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc

I. Royalties-

). Capital Gain or Loss (From 8oh*dni« B)

1. Interest on Liberty Bonds, etc. (From Sche

(o) Domestio Corporations not subject to taxat

(e) Foreign Corporations

n under Title I of Rever

Bt of 1934 _

B Act of 1634 _

O 13, INCLCBIVB....

Other Cort«. t .: Total..

DEDUCTIONS.. Compensation of Officers (From Schedule C).»

,. Rent on Business Property —

'. Repairs (From Schedule D): (a) B«l«rtai »nd W»ge«, $

I. Losses by Fire, Storm, eto. (From Schedule F)

. Bad Debta (From SebsduteO); »Jso bonds determinedtobeworthlessduringtaxableyear (Eiptain on separate sheet).

!. Dividends (Item 12 («) et»Te)_

I).t. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (From Sched

\. Depletion of Mines, Oil and Gas Wells, Timber, etc. (Submit schedule, see Instruction M)

,. Other Deductions Authorized by Law (Eiplaln below, or on separate sheet):

(o) Salaries and wages. (Not included In Items 2, 8.1«, or 17 abore)

(6) Stock determined to be worthless during the taxable year.

w IT»MS 15 TO 25

N E T IWCOMB (Item 14 minus Item 26)

28. Net Income (Item 27, ab,

isce

29 Lees Interest on Liberty Bonds, etc. atem 11)

30. Balance subject to Income Tax atem 28 minus

31. Income Tax (13*i%of It«

»2. Less: Income Tax Pal<](This e m U t w

OTp^ration)^!!

by a Domestic C

m 30) (or liK% of Iteailroad corporations).

be alloweddent foreign

3t O P o » n

tamltmtauItem 32

COMPUTATION OF TAX

MB T i l

Item 29)

m 30, If this Is a

t

or 31) I 1

Exciss-Ption

U. Net Income for Excess-profits Tax Computation

3«. Less: 12H%of* adjusted deolan

SrPy^^dJJu^1103rrCaPlta'*Oek

37. Amount Subject to Excess-profits Tax atem 3S mini

38. Excess-profits Tax (5% of Item 37)

common parent corporation and each subsidiary wbicreturn mast make a separate Excess-profits Tax return

TSTAX*

Otem 27,

bdjalue of

us Item 38).

Ions makesIs liable to

after IOJM

consolidated Income Tax return, thethe malting of an Excess-profits Tax

ructions 30 and 44.)

» . 19$«,sfcan see Form 1B1 a meUaf


1935


Page 2 of Return SCH

ITEMS

ASSETS1. Cash:

(6) Time deposits, including certificates ofdeposit

2. Notes receivable . . .

3. Accounts receivable .

(a) Less reserve for bad debts

A. Inventories:

(a) Raw materials

(b) Work in process

(c) Finished goods

(d) Supplies . . . .

• 5. I n v e s t m e n t s (nontaxablc) :(o) Obligations of a State. Territory, or political subdivi*

(b) Obligations issued under Federal Farm Loan Act, or

CO Liberty 3!i% BoD,k aad other cbUprtloni of Vnited

«0 Treasury Note. Treasury Bills, aa.i Treasury Certin-

(e) Liberty 4% and A\\% Bonds, United States Savings

•6. Other investments:

(G) Stocks of domestic corporations

(c) Stocks and bonds of foreign corporations...

(d) All other investments or loans

7. Deferred charges:

(«) Prepaid insurance .

(6) Prepaid taxes

(c) All other „

8. Capital assets:

(o) Buildings

(c) Furniture and fixtures.- _

(e) Other depreciable assets _

(i) Less reserves for depletion

(j) Land

10 Good will

11. Other assets (describe fuUy):

EDULE K—BALANC E SHEETS (See tion

Amount

$ -

I

12 TOTAL ASSFTS

LIABILITIES

15. Bonds and notes (not secured by mortgage)

1G. Mortgages (including bonds and notes so secured)..

17. Accrued expenses:

(a) Interest

(fc) Taxes

(c) All other

18. Other liabilities (describe fully):

19. Capital stock:

<o) Preferred stock (less stock in treasury)...

(b) Common stock (less stock in treasury)...

20. Surplus

21. Undivided profits.

$

$

$ 1

122. TOTAL LiABiLrrres.

Total

S . . .

$

j _

12)

Amount

$ "

*

S ~

$

$~

*

I

Total


1935


SCHEDULE L—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUSPage 8 of Return

BT Federal Farm Loan Act, or

(S) Liberty 3H% Bonds and other obligations of Onlted

States Issued on or before September 1.19171

(4) Treasury Notes, Treasury Bills, and Treasury Certlf-

of the United States

(other than those to be reported In Line 2 (a) (2)above)

») Dividends deductible under Section S (p) of the Revenue

(o) Donations, gratuities, and contributions(6) Income and profits taxes paid to the United States, and

such taxes paid to Its possessions or foreign countries ifclaimed as a credit In whole or In part In Item 33, page 1of the return.

:) Federal taxes paid on tax-free(<f) Special Improvement ti

the property assessed.(«) Furniture and fixtures, additions,

bonds...Increase tl

or betterments treat*

(/)

K) Interest on Indebtedness Incurred or continued to purchaseor carry obligations (other than obligations of the United

States Issued after September 34,1017, and originally sub-

scribed for by the taxpayer) the Interest upon which lawholly exempt from taxation

0 Additions to reserve for bad debts which a n not Included

«tc.(to'bede

.le deductions (to be detailed):

t, Ttfftl of Lines 1 to 4, Inclusive.-.

». Nat profit or loss for year, as shown by books, before any adjust-

ments are made therein (Lines minus Line «) (U loss. Indicate)..

1 Surplus and undivided profits as shown by balanos sheei at dose

of preceding taxable year -

». Other credits to surplus (to be detailed): (rf) Date paid Char*

19. Other debits to surplus (to be detailed):

10. T(*u ol Lines ? to », Inclusive.

11. Total from Line 171Z Surplus and undivided profits as shown by b .

of taxable year (Line 10 mlnm Llca 11)... .-

1. Cnack the block to Indicate the industrial dlvisl

MANUFACTURING

Food and kindred producto:

r—1 Bakery and confectionery products,

r-1 Canned products-flsb. fruit, vegetables, etc.

I—I Mm products—bran, flour, feed.

• Packing house products-meats, lard; slaugh-

tering.

I—iSufar—beet, cane, maple; molasses, etc.

• Other food products-butter substitute., ce-

reals, coffee, spices, dairy products; Ice, etc.

j—I Beverages, soft drinks, mineral water.

r—lBrewtng and distlUicg-alcobol, liquors, beer.

I—ITobaceo products.

Textile*:

• Cotton goods-dress goods, etc.; napping,

dyeing.

• Woolen and worsted goods—dress goods, etc.;

wool pulling, scouring.(—iSUk and rayon goods—dress goods, thrown

I I allk, etc.; spinning, warping.j—I Carpets, floor coverings, tapestries, linoleum.

• Other toxtUes—cord, felt, fur, Unen, artificialleather, surgical textiles, etc.

I—I Clothlng-jcustom-made, factory-made, under-

1—1 Knit goods—sweaters, hosiery, etc.

I—I Leather boots, shoes, slippers, etc.

1—lOther leather products-saddlery, harness,1 I trunks; finishing, tanning.

j — | Robber tires and tubes.

I—I Other rubber goods—boots, shoes, hose, art!-

r-nBone, celluloid and Ivory products,

r-jSawmltl and planing mill products,

i—1 Furniture (not metal).

|—(Other wood products—carriages, wagons,I I baskets, etcI—I Paper, pulp and products.[—| Printing, publishing, and allied Industries.

• Petroleum and other mineral oil refining andproducts.

• Chemicals proper, adds, oompounds, coal tarproducts, etc

r—j Allied chemical substances, drugs, oils, soaps,

r- j Paints, pigments, varnishes, etc.

I—|?ertlUzers.

M. day, glass, and related products.

Metal product* and proemm:

I—I Iron and steel—products of blast furnaces

I—I Locomotives and railroad equipment.

f-J Motor vehicles, complete or part*.

sed in producing food,Mr, printing, rub bar,tile and wood products. If so. give name

>RPORATIONS (See InatrueoVra SS)

If so, procure from the collector of Internledule, which shall be filled In, sworn to, and filed as

»d in a consolidated return for the prior yearT—

thcr.buUdiL,

hinery and equipment.

_ _.,_^msnt—metal furniture, refrig-

sewing machines, etc.

r-jMacnlnery-«lectrical and equipment.

a1

a1

•(

I—I Metal building material and equipment,

j—] Hardware, tools, e t c

[—] Precious metal, products and processes.

I—j Other metab, products and processes.

MlKellaneowr aannfacrorlng:

|—j Radios, complete or parts.

• Musical, professional, and .dentine Instru-meats; optical goods, small boats.

r-JAlrplanes, airships, seaplanes; parte.

NONMANUFACTCRINO

Trade:

£- , Who

PREDECESSOR BUSINESS

h, result, continuation, or reorganliaUon of a bas inta or

BASIS OP RETURN

6. U this return made on the basis of cash receipts and disbursements:

Inventory was last reconciled with stock

j Other trade-repair tarries, ranees, etc

|—I Real estate, realty holding, real esta

j—|Insurance companies (not agents).

Item or schedule of this

actually prepare this return for the corporation? . . - j ^ . ^ . . . . . . . . . . . . . . .

such person or person.! and state the nature and extent of the assistance or advice received and the Items

and schedules In respect of which the assistance or advlee was received; if tals return was actually pre-

pared by any person or persons other tnan the corporation, state the source of the information reported in

thlsreturnandtheznannerlnwhlchltwasfurnlshedtoorobtalnedbysuchpersonorpersons

INFORMATION RETURN

J. Did the corporation make a return of Information on Forms 10*«and KM (sea Instruction » ) tor ttt*

• Transportleasing:

T OF ATTACHED SCHEDULES

r, aerial, motor, etc.;

accompanying the return...


1935

STATISTICS OF INCOME 113Page * of Return SCHEDULE A (See Instructions 2 and S)

1. COST OF SALES (WHERE INVENTORIES ARE AN INCI IS (WHERE INVENTORIES ARE NOT AN INCOME-DETERMINING FACTOR)

Salaries and wages...

Other costs

Salaries and wages....

Other costs

SCHEDULE B—CAPITAL GAINS AND LOSSES (FROM SALES OR EXCH

LDESCR—PBO—

Mo. Day Vear A/o. Day Year

(Contract price), C O »

ANGES ONLY)

HSASE

$

(See Instruction 10)

$

I":::..........................GAIN OR LOBS (enter net amount as Item 10) (capital losses are allowable only to the extent of $2,000 p

S. DIPP.ECIATIO.V AL-

us capital gains)

9. GAIN OU LOSS

$

State (1) how property was acquired... (2) whether at time of sale or exchange purchaser owned more than 50%

ffect-Every sale or exchange of stock should be reported in detail, including name and address of corporation, class of stock, number of shares, capital changesg basis "(stock dividends, other nontaxable dividends, stock rights, etc.).

Cost of property must be entered in column 5 if a loss is claimed in column 9.

SCHEDULE C—COMPENSATION OF OFFICERS (See I

1. NAMK AMD ADDRESS OF CmCEH TO B O U T O

nstruction 15)

BnARE3O, S T O C K E D

4. Common

;

S. I'relerred (Ento/aa Itsm'lS)

$

_T;. ..::.:". ...jNOTE: Schedule C-l IN DUPLICATE also must be filed with this return if compensa >f $15,000 was paid to any officer or employee

SCHEDULE D—COST OF REPAIRS (See Instruction 17)

Othpr costs

$ 1

SCHEDULE E—TAXES PAID (See Instruction 19)

1. ITEMS (Eater u Item IS)

$

SCHEDULE F—EXPLANATION OF DEDUCTION

,.«„.„»„..„ 1FOR LOSSES

$

BY FIRE, STORM,

s

ETC.

!

(Seel astr ction 20)

—$ ....'.

State how property was acquired.

SCHEDULE G—BAD DEBTS (See Instruction 21)

• YSAR

1931..

1932..

1933

1034

1935..

2.N.TIKCO-.

$

'•A&'S'H?"

$

4. B A D DEBTS

I*1

SCHEDULE H—INCOME FROM DIVIDENDS (See Instruction 12)

-

1. K I N D OF PROPERTY(It tKlUdlnss, state 2. D A T E

ACQUmiD

SCHEDULE I—EXPLANATION OF DEDUCTION FOR

(Indicate basis)

4 A F

AT E N O or Y E A

DEPRECIATION (S

Is DEPRECIATE ALLOWED

L

x In stru ction 23)

'DÂ'CCUMU?LLOWAS'TS

AFFIDAVIT (See Instruction 46)

, o , j- %__ - , , _ . T principal officer) and treasurer (or ast , -.. CT - - -for which this return is made, being severally duly sworn, each for himself deposes and says that this return (including its accompanying schedules and etat

rsuant to the Revenue Act of 1934 and the Regulations' issued thereunder.'

Sworn to and subscribed be/ore me this day of , 193(President or other pr

' (Signature of officer adciiQisteriag oa


Sworn to and subscribed before me this day of ..

(8ignatur* of officer at


1935

114 .STATISTICS OF INCOME

Page 1 of InstructionsINSTRUCTIONS

The Instructions Numbered 1 to 27 Correspond with the Item Numbers on Page 1 of the Return

CROSS INCOME AND DEDUCTIONS

lere in'page 1 of the r<

' 1. Gross sales.—If engaged in busiidetermining factor, enter as Item 1 on rgoods returned and any allo'

Banks, insurance companies, and othi

turn, the gross sales, lessi the sale price,required to submit state-

ments oi income aim expenses to any national, State, municipal, or other publicofficer may submit with the return a statement of income and expenses in theform furnished to such officer, in lieu of the information requested in Items 1 to26 of the return, except that a railroad company will submit with the return astatement on Form 1090. In such cases the taxable net income will beciled by means of Schedule L on page 3 of the reti " 'by the income and expense st ~•" " ' " " '27 on page 1 of the return.

2. Cost of goods sold.—Enter as Item 2 the information requested on lines(a) to (e) and list in Column 1 of Schedule A on page 4 of the return the principalitems of cost, including the amount entered on lino (c), the minor items to begrouped in one amount. Enter as salaries and wages on line (c) the total com-pensation, during the period covered by this return, of individuals employed(exclusive of officers and firm members).

If the production, purchase, or sale of merchandise is an income-producingfactor in the trade or business, inventories of merchandise on hand should be

ost,

ses the taxable net income will be recon3 of the return, with the net profit showsubmitted, and should be entered as Item

uede l t t e s C , or " C ,

o l e s (a) and (e) under Item 2, if thecost or market, whichever is lower, and

age 3 the method used. "he " ' " '

>n page 4 of the return the principal item of co tthe t jtal compen ation, during the period covered

1 emploved (exclusive of offinr nd firm member )

rtgagts, bond , ban

_• the rent of oropertvand de êtiation shoi Id bt

immediately befcinventories are valued a t cithiexplain full/ in answer to question 0inventories reported do notexplaining how difference occurred.

3 Gross profit from sales —Enter as Item 3 the gro sx^hich mventonc are an income-determining fict r,deducting I tem 2, the cost of good old a extended, fro:

4 Gross receipts from business in which lnventc-ndetermining factor.—Enter a Item 4 the gro*s rectipt(See also second parag aph of In truction 1, above)

5 Cost of operations —Enter a Item 5 the cost ofColumn 2 of Schedule K on page 4 of theE I U T a alan and wage th ' " 'b j this return, of ind \ idual c

6 Gross profit from busine in which inventoriesdetermining factor.—Enter a= Item 6

7 Interest on loans, etc.—Enter a I tem 7 all mt re 11the coiporation during the taxable year on loan , note , mdeposit , etc

8 Ren t s—Ente r a Item 8 the gros amount received fcAny deduction claimed for repair irincluded in Items 17, 18, 19, and 23, re pectively

9 Royalties —Enter a Item 9 the gro s amount rpoei\ cd as ro alt c If ideduction is cliimcd f r depletion, it bhou'd be reported a Item 24

10 Capital gams and losse —Report sale or exchirges of caoital asset* mSchedule B and enter the r e t mount cf gam or lo s a Item 10 ( C O I T A L LO SLS

s n b e the property bneflv and state the act "al consi eration or p n i e rec«»ividor the fjur market val je of the pror ert r ev ived in exchange

If the property sold or exo> angid was acquired nrior to Mar"h 1, 1<U3, thebasis for deteinuning CAI> IS the cost r Ihc fair mark«+ vali e as of March 13P13, adju 4ed as provided in section 113 (b) of tht Revenue Act of 1934vhirhever I greater, b t in deter nini.ig LOSS t i e ba i i-> co*t &o aJjust tdO e &ec ion 113 of the Revenue Act of 1934 ) If the imount -hov n as tost isotl er than actual ca h cost of the pi perty said or exel anged, fall details mu tbe mrm h id regarding the acquisition of the property

Lnter a dcpreciati n the imount cf exhaustion, wear and târ, obsolp tencio r d e p e t i o n which ha been allowed (but i ot k s t lan the amount all wablt) inre p,.ct of n ch property bin e t n ' c if a tqm it on i r s i m p M r h l 1913 f theproperty v as acquired b°forp that ditc In addit irn, if th^ proper* \ sacqi red before March ' , 1913, th« c »t shall be reduced t-j the deprcc atio Iatttiallv E ta:ned before that date

Subsequent imp-ovements include ixrpndihires for id i i t ions improvements,find repair made to -cstorc the prorer t j or prolopg it u pful life

N T 'os oball be re ognued i i any salt or other d sposit on of shares of to-k oshall be re owhere th» cw thin 30 a

poratiobtfr r

i i any stion husf

rci safter the date of t

•a'lv identical s

n the ordin

No n shall be allowed in respect of loss from sale3 or exchang spropt r t \ nuectlv or n d i ectlv, t. ccpt m t ' c u of di ci butior s in h i nc ati >

1 indirectly, more than 50 pf-cent in value of the outstanding stock. (Sict on 24 (a) (C) of the Revenue Act of 1934.)The provisions of thy Revenue Act of 1934 relating to capital gains and 1 )ss.e, ii part:"Sec. 117 (b). Definition of capital a s s e t s . — F T th<> p i -po ™ of this • t

s) bi I dot

bursements basis. If the books are kept on an accrual basis, report the actualamount of interest accrued on the obligations owned during the taxable year.

The total of the interest reported as Item 2 (a)(6) and (7), Schedule L, shouldbe entered as Item 11 on page 1 of the return. Such intereot is allowable as acredit against net income as Item 29, page 1 of the return.

12. Dividends.—Describe in detail in Schedule H all dividends received duringthe taxable year.

Enter as Item 12 (a) dividends from a domestic corporation which is subject totaxation under Title I of the Revenue Act of 1934 (other than a corporation

ititied to the benefits of Section 251 of the Revenue Act of 1934 and other thi

Title I of the Revenue Act of 1934. Enter as Item 12 (c) dividends froforeign corporation and dividends from a corporation entitled to the benefits ofSection 251 of the Revenue Act of 1934 and a corporation organized under theChina Trade Act, 1922.

13. Other income.—Enter as Item 13 all other taxable income for which nospace is provided on the return.

14. Total income.—Enter as Item 14 the net amount of Items 3, and 6 to 13,inclusive, after deducting any losses reported in Items 3, 6, and 10.

15. Compensation of officers.—Enter as Item 15 the compensation of allofficers, in whatever form paid, and fill in Schedule C, giving the information

NOTE.—If during the taxable yea. , ,_ ._ r

employee compensation for personal services in excess of $15,000, S(copies of which may be obtained from the collector of internal revenue) mustbe filed, IN DUPLICATE, with and as part of this return.

16. Rent.—Enter as Item 16 rent paid for business property in which th©orpora o equi

17. Repairs.—Enter as Item 17 the cost of incidental repairs including thelabor, s r,plies and other Item which, do r o t add tr> the -value or appreciablyprolong the life of the property. Enter as salaries and wages the compensation,during the period coveied by this return, of persons employed directly in connec-ti n w th t r s inci i°i * ' f pairs as h « n . i S^hed e D Ernendit-rrea fornp"*\ builJirgs, m (hm r\ , equipmi nt, or f r permanent lmprovemrrt r i better-ments w hicn ir -tasc tht \ A it. of tnr properiA are chargeable to capital accountFxppndit re f^r rt ornig or rt i <ingprnpir*\ are not deduct Ht as such ex*pendit i is a e C1IT- ! 'c to raj tal a ro I i* cr to deprrc.anon re°erve, depuid-lijg on ho\ dtj rpoi i ii l cli i -,it on the ôtK f ^ht, r o r p ia* v>n

]Q, i r t—es ' —En er " I tem 1 3 uitc es t paid OP b l m~s rdeotedness Doro* ir I L l t r<> t en nOc^v'ne s incurred or eniti>- ed to pur<*h se or c a n yrbhgatmi , fother than obligations of the United States issued after September- 1 i ' 7 a I r i iii\ eub cr bed for b j I e taxpaje'-) the mt<_re t upon -which,

19. Taxes.—Enteifits ti

accrued during the taxable yeaDo not in 1 ' Fr -ierpl 'ncome and profit*, taxes, nor e ta*e u heritage legac/,sv cce-s m, a . ' ft +axc% n»- inc TI" tu \ cl i n d a = a cncLt ^ I cm 33, taxes

fc> htd le T,21 Bad debt — E i t t i

If t i c ( tOthe mo its

i le u th- ancharged off

V di tnti-r 1 si

2" Dm 1 '23 Depre

a»n impor t '

rftr'dt""h i Id be de-

iat > ^ \ e bt

r otifo-3

\\ orthlt^s and hi

i> etf off[ft a n Mil

iv ch

>nds— En1

ctat n — T V

p ire st oi

I t t

•fit

pddeLdi:

it i

r a sic ai

f f

•.Tr

d

i t

1 t

*of

m

bC

d

2,T ,

1st

T'

.equ e tedi debt ,orporti n t!

n thi

i dud

rn id

Chtidivi

i(pdu

Manof t

a m e , w tch haw e d off ltv n

'io( Ua med, =

ncruri*, and th

»J if Buhsenu"Ii oollec+edL ^tnds leportoatib " or pecoun

nc ••£.'-i tear, (

,h 1 K13, thev*<vCialc^« '

thereof wi HIS; fr m salesave bee i def nitelj ascer-

sbt v.vbmt e

he tune-ntl t

la inc.it fdfor ob

ar If

Vo'iiinK of

thin the yeari Th idu le showingd •prnnnod to ba. , en+er ir bi,ned-

•unt of bad debts

.til-ctcd, mât bo

irae in Item 12 (a)pr c ati n P Item

le tence, which istê property waat o' depreciation

^hopropt"t \ ? 1 e r r i It n M N r o f c gif In i t < proper \ va n K hase 1 nnor to March 1, 1913, the amount of

d^p^te a t n n ^ i i I p df *tr I ntd n t ie P& r "" i r mncr except t v a + it v-ill be com-j + 1 n i t s T M 1 Ic^s 1 ss 1 ni »ia» on s i s t ^ i t j j n c r * o M r"h 1, 1°13, ort ! k ^ tl t d t ^ t If th property wag

<hp Ue/C'U^1

fam a a

shou i bi_ desf-

o d c a ^ o r i n r a e n to nperat'ng c^nd tio atain Sto K , Dond ,car vith^n the ..aean-

t) th

por j U his schpûl",cost of the

ai losses •—.Lot- ^ i"om s 'cs r r cJ c nn^p^ oi cap •' " " ^ ° " J ' • vj K VI * "• 4 • • ^^ v ' * A J^^ î o i h to t V ex t of 8^ r ' ^ , ui th-> Yb.\i*. fr m i <• * 1 ••< f I t i t* i c T tu- i I ' r i> JC f-heanl"

j fc 11 (i 1 >osits ht ll S P \ nend c ( ho r irr1, no , or j 2^. I5t*piction»~*^lt ft rIf?diJ tj(_'n ic rlniPicci on account of ocp'ction, s

3u- --ictals),1 F'^m 6 (• ii ai.ri gas), cr I-orm T (tiruber), fill in a\>'! file'withVetur

nd R1I U n t U l lcluded m dtteir

ies from short sales etc —For t

\ br'sul j ' - * i„ thea-phoi-bl

i in prevf.depietiorb i g

schedui

tl'i'e Revc-nueWt, of" 1934."

;rarâctiors bearing o.. .:i explanation of how depietioaed. See Sections 23 (m) an

tjni 25 other deductions authorized by law

nou.it of any itnm or part thereof all'ocable

. be ailocated to such taxable income. A

v the i:

an ihers rort ">n no appl Jt on to Jos-, o useful >aiueit * i n ^ o i f p f ( the uso of > rp#* t or Joss sustained aif o e stock o 1ev ts becoming v-o 'Ye st o n * be (> boi d« etc - I I i i'HiRb o i s v i v M i J a u ' i r o i s I "it \a) schedule L, all int

ftKd ' will b e e

i (the

f o r an item-zed statement, ir, detail, showir.g.> :i'pt income, ai^d (2) the cîount of iteruafcmount allocated by apportionment beingallocated to each si

shown teparat i ly) .26. Tota! dedn?ticp.8.—Enter as Item 26 the tota! of Items 15 to 95, inclusive.27. ^ e t income.—Enter as Hem 27 V e net income, which is obtained by

computed \;pi.n the ba-î? of its tnxr.ble yrar in acco-dance with the method ofaccounting ree'ilar'y evrpV.yed ia t ieping the tooka unless such aiethod does.


1935


Page 2 of Instn ctlo:

CREDIT FOR TAXES

28. A nonresident foreign corporation subject to taxation may claim as a crediin Item 32 any income tax required to be dedutted and withheld at the source

29. If, in accordance with Section 131 (a) of the Revenue Act of 1934, icredit

country or a possession of the United States, Form 1118culd be submitted with this return, together with the receipt for each such

rm must have attached to it a certified copy of the return on which each'suchcTuac\ tax was based, &nd tli6 Commissioner m&y recjuirc SL frond on Form 1110r the payment of any additional tax found due if the foreign tax when paidneTo from the amount claimed. Foreign corporations, domestic corporationsititled to the benefits of Section 251, and corpeirations organized under thebina Trade Act, 1922, are not entitled to claim this credit.

EXCESS-PROFITS TAX

is-pronts tfi\ 18 imposed upon the net income of every corpori.. -on i tax taxable vear ending after*the close of the first \eir inefpect of which !t is subje< ' ' "' " " ri 'mfosed bv Sect. )n 701 ofent of such port on of th** cornoruti >n c net income for such income t i \ tfi\ tear as is m PA^SS of 12# percent of the adjusted declared value of its capitock (ur in the case of a foreign corporation the adjusted declared vaheamtal emp' -ved in t ie transaction of its business in the United States)

30. The

1a ad o p e c g ta \) pin Action 701 No \anttion between tht adjusted declared value of capitr.1stock set forth in the capit U stock tax return and the adjusted declared vahuembodie l in trie excess-profits ta\ return is permissible For evce. b profits t*x

pose s Foreign income and profits taxes mav not be credited against the ex ? s-profits ta> ij\Gry corporation which is liable for the making Gf an t\t ss

group of corporations, must make its excess-profits tax return and compete itsi t t income separately, without regard to the provisions of Section 141 of tl eRevenue Act of 1934." Where an affiliated group of railroad corporations makes

sidiary which is liable for the making of an excess-profits tax returu niu^t moAe

LIABILITY FOR FILING RETURN?

31. Corporations generally.—Every domestic or resident corporation, joint-t k iti i (other than a life ii'ii i n e

101 of the Rth» Revenue Act of 1934;

enue Act of 1934, wheth.mrted

t

BALANCE SHEETS

42. The balance sheets on page 2 of the retunth the books, or any differences should be reor a consolidated return should be furnished in a

. _...s irade bv

made . this foreicppprj , ._ _. r .dated i con e ta^ r ^ u '(Set I ,utrucion30)

Sr Corporations in possessions of t»>e United States.—Domestic c.,rr c-ov-ith.i the pc-es IOIS of the Un>tt 1 .States 'except the V.rgin K'anls)

i, Schedule K, should agrcanciled. The balance sheets

xstate trade or business andreporting to the Interstate Commerce Commission and to any national, State,municipal, or other public officer, may submit, in lieu of Schedule K, copies oftheir balance sheets prescribed by said Commission or State and municipal.

In case the balance sheet as at the beginning of the current taxable year does;not agree in every respect with the balance sheet which was submitted as atthe end of the previous taxable year, the differences should be fully explainedin the space provided under Schedule K.

PERIOD COVERED

43. Except in the case of the first return the corporation shall make its rei'irnon the basis upon whic^ the return was made for the taxable year immediatelypreceding unless, with the approval of the Commissioner, a change is made in(lie accounting period. Application for such change shall be made on Form

TIME AND PLACE FOR FILING

44. The return must be filed on or before the fifteenth day of the third monthfollowing the close of the taxable year with the collector for the district in which

the United States the return shall be filed 'on or before the fifteenth d V ^ f t h ebixth moath following the close of the taxable year, with the Collector of Inter-nal lUvotji, Baltimore, Maryland Where a subsidiary corp >ration is notpermitted to bo included in a consoulat< d ineo ne tax i-ctjrn und^r the RevenueAct of 1934, but was included in a consolidated return under the Revenue Actof 1932, as amended, for tht list period for which it was requued to make a-et-r-i i" -iei tnat \ct, sucli subsidi n cp-piranon fir am taxabl- vsar begui-ling jut r December 31, 1933 (during which it and the common parent are

is m de Unless its return is so made s ich sibsidirr, must fik for s'ich jear& truo &nd correct copy of its return with tlie collector for tiio district- ir\ which

nee* to by the SiiinG ofi':ccrs S3 fi.ro required to swear to tnc return, &nci must fx3filed on or before the dat» prescribed for filing the return. Where a consolidatedjncjp o tft £ r^tur i ifl filed hv &n rihii&.tfd (JToup of r/iJlrofltcl corpor&tiorit> ^Q

8 Hidiary coino-iiMon m ist be fiW win the collector vutrTwhom. the consoli-dated income tax return is filed.

45. Th»: collector of internal revenue may grant a reasonable extension of

before the date prescribed by law for filing such return, whenever in his judg-ment good cau e exists.

46 T1 P rr* .rn shall b"principal officer, and by tlofnr r T ret m , of a fo

SIGNATURES AND VERIFICATION

n to by the president, vice president, o

piov d< <J, (O S ) percent or I c e of the grocs income for tre thrc ^ \ea r pe i ifl ' t 'n s . J t \ ^ t RevGiv r" tru trcs in ban!trurH , and as igneta, op ratu

miron tUlv rrfee&mg the clone of the laxal U year (or such rait th< rtof a> th< | rop^rtv or Dus'ness of corporations, i.iu t i ia. e returns of mcor.e forsucin*i\ b° aoplical lc) was dpnv d from source. \ti+hm a posse sijn ot t i Lr I * i cuT t vo.%11 IR 1 3. re^^^cr h*is full CLft dv of and coitrol o\cr t e buai \es3 o

a p o s o non of fie Li ited Suites33. Foreign corporations.—A foreign corporation subject to the provisions of for pi r- ^ f li 1 id ti n

i and disposing of its asseta

PAYMENT OF TAXES

avorVuo'V, : ÎVJ.1 rt\^nu\%S^Vr^^ *« T» c t y l o H . pr i ! s , im« r bn ,,in? w,*h the reu rn a cWk orr t ; + f i ^ f K •» nv p v ^ r ( l^ r dra'Mi to tl r ore er o (. JI ector of i lenal Re ( in- at fu s^rt

slo''t .AL ,°n:Jis1!"thoUtT( ' ^ " d ™ t v T ^ % p h V W \ I o m J n '£ **£ .\ * *A \^f cirJJ not send cush oy m 1, n,r ra> it n peô ,

coipo-at

3 ' I i f tu '

,

s th ] e pr . ^ c i b i ne -. Mthm t l e 11 it 1

» —A lfi :lft f (CI > I d l f

! ! S J c a ( r . i » v ^ c l i 1 11 J ' t r K e n u e \ c t f 19 i, 6 t J 'i r x r " T F P J I 1 M l f t i f 1

i , H;â^

1 t + ix .11 tl L rar,- <i d r-es+ c cerroption mav \ paid u V i ti ? .eti.rns riled jr in fo n u <-l 11 t 1 l^nt^. s f JUOV t Th t fir t insta'lnci SIP 11 b*imi 1 1 b ' '•K, 1 K. 1 t t tl e. iv 1 +1 nd. r o i ' h I 11 «i the e'e -• of t V.a i ) ' e t ' tl sfi. ' t t l l m t f ' i\ t paid on r }l tl P hft e n« 1 ^>,

the t d m jnt *i e t lrd 1 t ihênt 01 01 1 ef jr he fiftr r th o \ e f tl 1,

n t , m 1 th aft--- the dat" prt-eribr-d ror , av 1 Th" ir t 1 i,*u ricr r

i of a rjurelv local cher

u t i o i ct , a pio\ d d 1.UNDISTRIBUTED PROFITS

asCON ,« LID4TED RETURNS OF RAILROAD CORPORATIONS

t i IT < ' t X A ret ir i m I c i of sepaia P retu rs

J;*.,«

TlU 1 r t H -

i 1M

^LTeetî r - c l

U (

f h

a f

ut»

ea I

Hers

tarô,

t '

il h

s . r e

th't ' iTtWng^f t* e. l e t i rn on'it""! ' f ' Oi e * n ] ' r J r r ' i> a n «f V1 ) 0 ' i

tf 11 0 c 11 c or f n +he s bs c <vj40 1 p 1 11 " sell ie.es B ' I . ' I O

' T t un '( tl ' j i s t 1 nf. T-a l , t 1 t uc - e n r tr * the pet

ir . ,. c n 1 i u ut t i l ' I 1 di I t i n l i ieut 1 )KHM*»

I â f T ~ m !Lr " ' iai140 1

e-cl ee uion 1 u1 1 1 ih . ons '1 a'i , on t lu 111 r S T fi1 J ,ikei t cn , I c f e r a d j u ^ m u ' i . M i d i o 10 c 'u-nn frr mierc n\ 1 1 chmti ul n-n r i n m f i t ? a r , no c lurrn f r a total of like l tu is after g Vn p ^F ct ttic- t i n 1 eors a i aju-. 1 ! f Tht l te i i ' 1 uludtel n t i e c himn foi

1 ffee ' and " n i l It t p'a ia 1 PE, pppi nded if r t i c « him lar c i d l'e

ti t f thcr with a -Ci.or eihati jr of the cons jlHa cd furj lus41. Consolidated bal; ncG shtft 'is of the bejînnin^ and cl ?e of t*"e *&xrblc

INFORMATION A.T THE SOURCE


1935


RETURN FORAForm 1120 L

TREASÛRY^DEPART^NT

(Auditor-* Stuqn)

J 5 J V G R 0 S

(a) Obligations of a State, Terthe District of Columbia

(6) Obligations issued under Fas amended

(c) Liberty 3}4% Bonds and otor before September 1, It

(d) Treasury Notes, Treasury

(e) Liberty 4% and 4tf% BoTreasury Bonds owned in

</) Liberty 4% and A)i% BeTreasury Bonds owned ir

(S) Obligations of instrumentalgations to be reported in

(h) Loans, Notes, Mortgages, ]2. Dividends on Stock of:

(o) Domestic Corporations sub1934

(b) Domestic Corporations not

1 MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIG

INSURANCE COMPANY INCOME TAX RETURNFOR COMPANIES ISSUING LIFE AND ANNUITY CONTRACTS, INCLUDING COMBINED LIFE,

HEALTH, AND ACCIDENT INSURANCE

For Calendar Year 1935File Thi< Return with the Collector of Internil Rerenue (or Your District on or Before March IS, 1936

(Name)

(Street and number)

(Post office and State*

company paid to any officer or employee during the taxable year compensation

3 INCOME

ritory, or political subdivision thereof, oror United States possessionsderal Farm Loan Act, or under such Act

her obligations of United States issued on17Bills, and Treasury Certificates of Indebt-

nds, United States Savings Bonds, andthe principal amount of $5,000 and under..nds, United States Savings Bonds, andthe principal amount of over $5,000ties of the United Statea (other than obli-

Jank Deposits, etc

ect to income tax under Revenue Act of

Bubject to income tax under Revenue Act

3 Rents (attach schedule)4. TOTAL INCOME IN ITEMS 1

DED

6. Interest Wholly Exempt from Ta6 percent of the Mean of the 17 Dividends (Item 2 (a) above)8. Two percent of the Reserve Held9. Investment Expenses (attach ech

TO 3 (extend total to column 3)

UCTIONS

tation (see Instruction 5)Reserve Funds (Item 6, Schedule A) .

for Deferred Dividendsdule)

11. Other Real Estate Expenses12. Depreciation and Obsolescence (a13 Interest on Indebtedness14. TOTAL DEDCCTIONS IN ITE

15. NET INCOME (Item 4 minu

ttach schedule)

MS 5 TO 13 (extend total to column 3)s Item 14)

1. LITE DEPARTMENT

$

$

$

$

11

INAL RETURN

Do Not Write in These Spaces

FileCode

SerialNumber

Dirtrict(CuUtt-^Sluf)

Cuh Cheek M.O. Cart, of lad.First Pa/meat

$

2. OTHEE DEPARTMENTS

$

" • i

: i s

1

11• 1

1 •

3. TOTAL

$

COMPUTATION OF TAX

16.

17

18.

20.

?1

22.

Net I

Less-

Balan

Less:

Balan

Net I

23. Less:

24. Balan

25.

*>fi

27.

Less-

Balan

T

cc

I

rx

i r

rf

ej

cc

ome of Domestic Company (Item

nterest Partially Exempt from Tax

Subject to Tax (Item 16 minus I

15 above)

(see Instruction 161

ncome Tax Paid to a Foreign Countr;

of Tax, Domestic Company (Item 1

ome of Foreign Company from So ire

F T

Subject to Tax (Item 22 minus I tem

Tax (13tf% of I tem 24)

of Tax, Foreign Company (Item 25

17)

or United States Possession by Domestic Company (see Instruction 18)

) minus Item 20)

s within the United States ( % of Item 15) (see Schedule A, I tem 8)

empt from Tax (see Instruction 16)

23)

ninus I tem 25)

*

i$

$

li!

We, the undersration for which thiistatements, if any)taxable year stated,


ligned, president (or vice president, or other principal officer) and treasurer (or assistant treasurs return is made, being severally duly sworn, each for himself deposes and says tha t this returhas been examined by him and is, to the best of his knowledge and belief, a true, correct, andpursuant to the Kevenue Act of 1934 and the Regulations issued thereunder.

r, or chief accounting officer) of the corpo-. (including its accompanying schedules and:ompletc return, made in good faith, for the

otber principal officer)

er administering oath)

if any) is a true, coiOf which I/we have my knowledge,

ibscribed befor

of all the ii

.. day "ot .


n named herein and tha t the return (including ite accompanying schedules and statements,n respecting the income tax liability of the person for whom this return has been prepared

of person preparing tb

(Signature of person prepwiog"th«VeVurn)"°

of officer administering oa


1935


- R E S E R V E FUNDS

1 R f

2. Other Reser(a)

(b) . . ,

<<*)•(e)

3. TOTA

ve Funds (itemiz

L3 OP ITEM8 1 AN

»be

D 2

1. lTEMS

ow):

S

I3. E.VD or TAXABLE Y « A »

~ ~ !... . . .

4. Total of Columns 2 and 3, as shown in Itei

5. Mean of the Reserve Funds for the Taxable Year (one-half of Hem 4)

6 percent of the Mean of the Reserve Funds, as shown in Item 5 (see Instruction

7. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business v

8. Percentage which Item 7 is of Item 3, Column 3 (comjpute a fraction of 1 percent to

ithin the United States (attachstatement).. $...

ihrce decimal figures)

iring the Reserves Claimed Above.

SCHEDULE B—INVESTED ASSETS BOOK VALUES

I . . ™ .

1 Real Estate

LIFE DEPARTMENT

A

2 Mortgage Loans

3 Collateral Loans 1

4. Policy Loans, Including Premium Notes

6. Stocks of Domestic Corporations

(a) Obligations of a State, Territory, or politi-cal subdivision thereof, or the District ofColumbia, or United States Possessions....

(b) Obligations issued under Federal FarmLoan Act, or under such Act as amended,

(c) Liberty 3 ' .% Bonds and other obligationsof United States issued on or beforeSeptember 1, 1917.

(d) Treasury Notes, Treasury Bills, and Treas-ury Certificates of Indebtedness

(e) Liberty 4% and 4J{% Bonds, United StatesSavings Bonds, and Treasury Bondsowned in the principal amount of $5,000

(/) Liberty 4r/0 and 4^% Bonds, United StatesSavings Bonds, and Treasury Bondsowned in the principal amount of over55 000

(g) Obligations of instrumentalities of theUnited States (other than obligations to

8 Bank Deposits Bearing Interest

9. Other Interest-bearing Assets (attach statement)..

10. TOTAJ.8 OF ITEMS 1 to 9 $

]

: : : :

-i $i!

" 1i

i

$

.J..1$11. Total of Columns 2 to 5, inclusive, as shown in Item 10 above

12. Mean of the Invested Assets for the Taxable Year (one-half of Item 11)

13. One-fourth of 1 percent of the Mean of the Invested Assets -

SCHEDULE

1 Krro or PROPERTY

C—EXPLANATION OF DEDUCTION FOR DEPRECTAT

(IKOICATI: BASIS)

$

«. ASSETS.FCXLT

YKAB

$

5 , D . P « C U T , O K

ra PBJOB Y w a

! _ . . . . .

ION (See Instt

«. Rm«

R£OV?KSD

•uction 12)

1

.1.

T H I S V*EAR

1. Date of incorporation

2. Under the laws of what State or country?

3. Did the company file a return under the same name for the preceding

taxable year? - Was the company in any way an outgrowth,

result, continuation, or reorganization of a business or businesses in existence

during this or any prior year since December 31, 1917? If

answer is "yes", give name and address of each predecessor business, and the

date of the change in entity:

Upon such change were any asset values increased or decreased?

4. State the amount of deferred dividend funds at the end of the taxable

year, exclusive of any .amount held for payments during the following taxable

5. Describe method used for determ westment expenses shown in

6. Is the E

Exhibit for IS

e as that used in preparing the Gain and Loss

7. Are any general expenses in part assigned to or included in the investment

expenses shown in Item 9? ———

PREPARATION OF RETURN (See Instruction 27)

n of tlcompany in the preparati<

the company? If s((Ar ' '

e the r. and address of si

person or persons and state the nature and extent of the assistance or advicereceived and the items and schedules in respect of which the assistance or advicewas received; if this return was actually prepared by any person or personsother than the company, state the source of the information reported in thisreturn and the manner in which it was furnished to or obtained by such person

INFORMATION RETURN

9. Did the company make a return of information o

(see Instruction 32) for the calendar year 1935? _ _ _ . . .

Forms 1096 and 1099


1935


INSTRUCTIONSThe Instructions Numbered 1 to 13 Correspond with the Item Numbers on Page 1 of the Return

GROSS INCOME AND DEDUCTIONS |

1. Interest.—Enter as item 1 interest received from all sources"]during the taxable year. Interest on bonds is considered incomewhen due and payable.

2. Dividends.—Enter as item 2 (a) the amount received asdividends (1) from a domestic corporation which is subject to taxa-tion under Title I of the Revenue Act of 1934 other than a corporationentitled to the benefits of section 251 of the Revenue Act of 1934and other than a corporation organized under the China Trade Act,1922. Enter as item 2 (b) dividends from a domestic corporationwhich is not subject to taxation under Title I of the Revenue Act of1934. Enter as item 2 (c) dividends from a foreign corporation anddividends from a corporation entitled to the benefits of section 251of the Revenue Act of 1934 and a corporation organized under theChina Trade Act, 1922. Submit schedule, itemizing all dividendsreceived during the year stating amounts and names and addressesof the corporations declaring the dividends.

3. Rents.—Enter as item 3 rents received from tenants.

4. Total income.—Enter as item 4 the total of items 1 to 3,inclusive.

5. Interest exempt from taxation.—Enter as item 5 the amountof interest which is wholly exempt from taxation under the provisionsof section 22 (b) (4) of the Revenue Act of 1934.

See Instruction 16 with respect to partially tax-exempt interestwhich is allowed as a credit against net income.

6. Percentage of the mean of the reserve funds.—Enter as item 6the amount reported as item 6 in Schedule A. There may bededucted from gross income an amount equal to 4 percent of themean of the reserve funds required by law and held at the beginningand end of the taxable year, except that in the case of any such reservefund which is computed at a lower interest assumption rate, the rateof 3% percent shall be substituted for 4 percent. Life insurancecompanies issuing policies covering life, health, and accident in-surance combined in one policy issued on the weekly premium pay-ment plan, continuing for life and not subject to cancellation, shallbe allowed, in addition to the above, a deduction of 3% percentof the mean of such reserve funds (not required by law) held at thebeginning and end of the taxable year, as the Commissioner findsto be necessary for the protection of the holders of such policiesonly. For definition of "allowable reserves" see Article 203 (a)(2)-l, Regulations 86.

7 . Dividends.—Enter as item 7 the total amount of dividendsdeductible under section 203 (a) (3) of the Revenue Act of 1934.

8. Two percent of the reserve held for deferred dividends.—Enteras item 8 an amount equal to 2 percent of the reserve held at the endof the taxable year for deferred dividends the payment of which isdeferred for a period of not less than 5 years from the date of thepolicy contract. Do not include in such reserve dividends payableduring the following taxable year.

9. Investment expenses.—Enter as item 9 expenses paid whichare properly chargeable to investment expenses, the total amountof which, if there be any allocation of general expenses to investmentexpenses, should not exceed one-fourth of 1 percent of the mean ofthe invested assets reported in item 11, Schedule B. Submit a sched-ule showing the nature and amount of the items included herein, theminor items being grouped in one amount. See section 203 (a) (5)of the Revenue Act of 1934. For definition of "general expenses"see Article 203 (a) (5)-l, Regulations 86.

10. Taxes.—Enter as item 10 taxes paid exclusively upon realestate owned by the company, and that proportion of the taxesassessed against individual shareholders and paid by the companywithout reimbursement, as provided in section 203 (a) (6) of theRevenue Act of 1934. Do not include taxes assessed against localbenefits of a kind tending to increase the value of the propertyassessed, as for paving, sewers, etc. For limitation on deductionsee Article 203 (a) (G)-l, Regulations SG.

11. Other real estate expenses.—Enter as item 11 all ordinaryand necessary building expenses, such as fire insurance, heat, light,labor, etc., and the cost of incidental repairs which neither materiallyadd to the value of the property nor appreciably prolong its life,but keep it in an ordinarily efficient operating condition. Do notinclude any amount paid out for new buildings or for permanentimprovements or betterments made to increase the value of anyproperty. For limitation on deduction see Article 203 (a) (6)-l,Regulations 86.

12. Depreciation.—The amount deductible on account of depre-ciation in item 12 is an amount reasonably measuring the portionof the investment in depreciable property by reason of exhaustion,wear and tear, or obsolescence, which is properly chargeable against

the operations of the year. In any event the deduction is limitedto the depreciation on the property that is used, and to the extentused, for the purpose of producing the income specified in section202 (a) of the Revenue Act of 1934. If the property was acquired bypurchase on or after March 1, 1913, the amount of depreciationshould be determined upon the basis of the original cost (not re-placement cost) of the property, and the probable number of yearsremaining of its expected useful life. In case the property waspurchased prior to March 1, 1913, the amount of depreciation will bedetermined in the same manner, except that it will be computed onits original cost, less depreciation sustained prior to March 1, 1913,or its fair market value as of that date, whichever is greater. If theproperty was acquired in any other manner than by purchase, seesection 114 of the Revenue Act of 1934. The capital sum to berecovered should be charged off ratably over th8 useful life of theproperty. Whatever plan or method of apportionment is adoptedmust bo reasonable, must have due regard to operating conditionsduring the taxable year, and should be described in the return.

If a deduction is claimed on account of depreciation, Schedule Cshould be filled in. In case obsolescence is included, state separatelyamount claimed and basis upon which it is computed. Land value9or cost must not be included in the schedule, and where land andbuildings were purchased for a lump sum the cost of the buildingsubject to depreciation mast be established.

The adjusted property accounts and the accumulated depreciationshown in the schedule should be reconciled with those accounts asreflected on the books of the taxpayer.

Stocks, bonds, and like securities are not subject to exhaustion,wear and tear, within the meaning of the law.

See sections 23 (1), 114, and 203 (a) (7) of the Revenue Act of 1934.13. Interest on indebtedness.—Enter as item 13 the amount of

interest paid during the taxable year on the company's indebtedness,except, on indebtedness incurred or continued to purchase or carryobligations (other than obligations of the United States issued afterSeptember 24, 1917, and originally subscribed for by the taxpayer)the interest upon which is wholly exempt from taxation. Interestpaid on dividends held on deposit and surrendered during the tax-able year should be included in this item. Do not include anyinterest paid on deferred dividends on which a deduction wasallowed under item 8.

14. Rental value of real estate.—The deduction included in items10 to 12 on accou'nt of real estate owned and occupied in whole orin part by the company shall be limited to an amount which bearsthe same ratio to such deduction (computed without regard to sub-section (b) of section 203 of the Revenue Act of 1934) as the rentalvalue of the space not so occupied bears to the rental value of theentire property. (Submit detailed schedule.)

15. Items not deductible.—No deduction is allowable for theamount of any item or part thereof allocable to a class of exemptincome, other than interest. Items directly attributable to suchexempt income shall be allocated thereto, and items directlyattributable to any class of taxable income shall be allocated to suchtaxable income. A taxpayer receiving any exempt income, otherthan interest, or holding any property or engaging in any activitythe income from which is exempt shall submit with its return as apart thereof an itemized statement, in detail, showing (1) the amountof each class of exempt income, and (2) the amount of items allocatedto each such class (the amount allocated by apportionment beingshown separately).

CREDIT AGAINST NET INCOME

16. Enter as item 17 the amount of interest included in gros9income which is partially exempt from taxation under the provisionsof section 22 (b) (4) of the Revenue Act of 1934. In the case of aforeign insurance company such credit for interest (to be entered asitem 23) is limited to an amount which bears the same ratio to theamount otherwise allowed as a credit as the reserve funds requiredby law and held by it at the end of the taxable year upon businesstransacted within the United States is of the reserve funds held byit at the end of the taxable year upon all business transacted.(Submit detailed schedule.)

CREDIT FOR TAXES

17. A foreign company subject to taxation and not engaged in atrade or business within the United States and not having any officeor place of business therein may claim as a credit in item 26 anyincome tax required to be deducted and withheld, at the source.

18. If credit is claimed in item 20 for income tax paid to a foreigncountry or possession of the United States, Form 1118, togetherwith the receipt for each such tax payment, must be submitted withthis return. If credit is claimed for taxes accrued a bond may bealso required on Form 1119. A foreign company is not entitled toclaim this credit. __ iaM


1935

STATISTICS OF IXOOME 119

LIST OF ATTACHED SCHEDULES

19. Attach a list of the schedules accompanying this return, givingfor each a brief title and the schedule number. Place name andaddress of company on each schedule.

COMPANIES REQUIRED TO FILE A RETURN

20. Liability.—Every domestic or foreign life insurance companythat derives income from sources withm the United States, issuinglife and annuity contracts (including life, health, and accidentinsurance), the reserve funds of which held for the fulfillment ofsuch contracts comprise more than 50 percent of its total reservefunds, shtll file a return on this form. See sections 201 to 203 of theRevenue Act of 1934.

21. Basis of return.—A return on this form shall be rendered on a

statement made to the State Insurance Department, instead of the,accrual basis.

22. Annual statement.—A copy of the annual statement for lifeinsurance companies adopted by the National Convention of In-surance Commissioners for the your 1935, as filed with the Insurance*Department of the State, Territory, or District of Columbia, whichshows the reserves used in computing the net income reported on•the return, together with copies of Schedule A (real estate) and Sched-ule D (bonds and storks), must accompany this return. Similarcopies for the preceding year must be also" furnished, if not filedwith the return for the previous year.

23. Compensation of officers and employees.— if (he companypaid to any officer or employee during the taxable year compensationfor personal services in excess of 815,000, Schedule C-l (copies ofwhich may be obtained from the Collector of Internal Revenue) mustbe Wed, IN DUPLICATE, with and as part of this return.

PERIOD COVERED

24. The return shall be for the calendar year ended December 31.1935, and the net income computed on the calendar year basis inaccordance with the State laws regulating insurance companies.


25. In the. case of a domestic company, the return must be sentto the Collector of Internal Revenue for the district in which the••company's, principal office is located, so as to reach the collector'soffice on or before March 15, 193G. In the case of a foreign companynot having any office or place of business in the United States, thereturn shall be filed with the Collector of Internal Revenue, Balti-jnoi'Oj JYjHi V'itmij on or boiorc »'iino 1*3* 1133O.

The Collw tor of Internal Revenue may grant a reasonable extensionof time for filing a return, not to exceed 6 months, if applicationtherefor is made before the date prescribed by law for filing suchreturn, whenever in his judgment good cause exists.

AFFIDAVITS

20. The return shall be sworn to by the president, vice president,•or other principal officer, and by the treasurer, assistant treasurer,or chief accounting officer. The return of a foreign company having

no office or place of business in the United States but having anagent in the United States shall be sworn to by such agent. Anattorney or agent employed to represent the company before theDepartment is not permitted to administer the oath.

27. Question 8 at the foot of page 2 of the return should beanswered fully, and where the return ia actually prepared by someperson or persons other than the taxpayer, such person or personsmust execute the affidavit at the foot of page 1 of the return.

PAYMENT OF TAX

28. The tax should be paid by Sending with the return a cheok ormoney order drawn to the order of "Collector of Internal Revenueat (insert name of city and State)." Do not send cash by mail, norpay it in person except at the collector's office.

The tax in the case of a domestic company, or a foreign companyhaving an office or place of business in the United States, may bepaid at the time of filing the return, or in four equal installments, asfollows: The first installment shall be paid on or before March 15,1936, the second installment shall be paid on or before June 15, 1936,the third installment on or before September 15, 1936, and tho fourthinstallment on or before December 15, 193G.

If any installment is not paid on the date fixed for its payment,the whole amount of the tax unpaid shall be paid upon notice and1

demand by the Collector.

PENALTIES

29. For willful failure to make and file a return on time.—Notmore than 810,000, or imprisonment for not more than 1 year, orboth, together with tho costs of prosecution, and, in addition, 5percent to 25 percent of the amount of the tax.

30. For willfully making a false or fraudulent return.—Not morethan $10,000, or imprisonment for not more than 5 years, or both,together with the costs of prosecution.

31. For deficiency in tax.—Interest on a deficiency at 6 percentper annum to the date the deficiency is assessed, or to the thirtiethday after the filing of a waiver of the restrictions on assessment andcollection, whichever date is the earlier, and, in addition, 5 percentof the amount of tho deficiency if due to negligence or intentionaldisregard of °rules and regulations without intent to dofraud, or 50percent of amount of deficiency if due to fraud.

INFORMATION AT SOURCE

32. Every corporation making payments of salaries, wages,interest, rents, commissions, or other fixed or determinablo income of$1,000 or more during the calendar year to a sing.e person, a partner-ship, or a fiduciary, or $2,500 or more to a married person, or pay*ments of dividends of $300 or more to an individual, a partnership, ora fiduciary, is required to make a return on Forms 1096 and 1099showing tho amount of such payments and tho name and addressof each iccipient. These forms will be furnished by any colleotorof internal revenue upon request. Such returns of information cover-ing the calendar year 1935 must bo forwarded to the Commissionerof Internal Revenue, Sorting Section, Washington, D. C , in time*to be received not later than February 15, 1936.


1935


RETURN FORM MARKED "DUPLICATE- MUST BE FILED WITH THIS ORIGINAL RETURN

RETURN OF PERSONAL HOLDING COMPANYSUBJECT TO SURTAX UNDER SECTION 351 OF THE REVENUE ACT OF 1934

For Calendar Year 1935

NOTE.—A return ra this form most b« made even though wider Mctfon M l ( d ) of the Kerwrae Act of 19M the surtax does not apply. In anch event oalrItems 1 to » and Schedule D need be filled la. (See Instruction 12.)

Did any person or persons advise the corporation in respect of any question or matter affecting any item or schedule of this return, or assist or advise the

corporation in the preparation of this return, or actually prepare this return for the eorporationT . _ _ > r - - , J ? ao, give the name and address of such person

or persons and state the nature and extent of the assistance or advice received and the items and schedule/in reepeoVof which the assistance or advice was reorived;

if this return was actually prepared by any person or persons other than the corporation, state the source of the information reported in this return and the

manner in which it was furnished to or obtained by such person or persons. . ,

The question above should be answered fully, and where the return is actually prepared by •

or persons must execute the affidavit at the foot of this page.

e person or persons other than the corporation, such person

ADJUSTED NET INCOME (See Ia«traetloii 6)

11. Less: Dividends from personal holding companies (|M» Scbedste.

12* JBalanco (Item lft eofamn 1, miaus Item ! ! ) . „ « . „ . » „ . . „ . , . „ . . . . . . . „ . .

18. 20% of Item 12.

1. Net income (as defined in Title I of the Revenue Act of 1034)™..,

3 . Dividends on stock of domestic corporations subject to taxation under Title I of the Eeyenue Act of 1934 (from *

8. TOTAL OF ITEMS 1 AND 2.

4. Less: Federal income, war-profits, and exoess-profits taxes (ftam Sohedab B)

5. Contributions or gifts (not (Mooted la compote* Item 1) (from 8et*dok C)

6. Losses from sale or exchange of capital assets (dbaHow»db7M3tiaaU7(d)o<tteBmwH»Asto(iH4).

7. Income tax paid to a foreign country or U. S. possession (net fedm*

& TOTAL OF ITEMS 4 TO 7 „ _

9. ADJUSTED NET INCOME (itemsmimuItems)

UNDISTRIBUTED ADJUSTED NET INCOME (See

10. Adjusted Met income (Item » above) (Enter tn both ootamn.).

14. Amount used or set aside to retire indebtedness (from Sehedafe E) (aw butraeUos «)

15. Dividends paid during year.

16. TOTAL OF ITEMS 13 TO 15 . —

17. UNDISTRIBUTED ADJUSTED N E T INCOME (Item 10,

18. Undistributed adjusted net income atom »»bov.>

19. Amount taxable at rate of 30% (not ia «

20. Amount taxable at rate of 40% (Kern is

21. Surtax on Item 19 (30%of it«n »).

22. Surtax on Item 20 (40% of Item

23. TOTAL SURTAX Qtem a pim item 2a)...


We, the undersigned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer, or chief accounting officer) of the corporation for which this return is made, being severally duly sworn, each for himself deposes and saya that this return (including its accompanying schedules and state-mants, if any) has been examined by him and is, to the best of his knowledge and belief, a true, correct, and complete return, made in good faith, for the taxableyear stated, pursuant to the Revenue Act of 1934 and the Regulations issued thereunder.

Sworn to and subscribed before me this

. ,193 . [COBFOHATBI

AFFIDAVIT

I/we swear (or affirm) that I/we prepared this return for the person named herein and that the return (including its accompanying schedules andany) is a true, correct, and complete statement of all the information respecting the additional graduated income tax or surtax liability of the person forreturn has been prepared of which I/we have any knowledge.

Sworn to and subscribed before me th ia . . _ day of

INOTABXAX.1 .MAI, J

CNam* of tan or employer, If may)


1935


SCHEDULE A—Dividends (From Dome.dc Corporations Subject to Taxation Under Title I of the Rerenae Act of 1934)

t . NAMS AN© ADDftKM Of DOMESTIC COKTOBATIOM

TOTALS

$

$

3. DmiXNDS fBOH OOlirANIBSOTHIB TBAlf maOMAl. HOLD-ING COUMNIU

$

$

TOTAL OF COLUMNS 2 AND 3 (enter as Item 2)~.

SCHEDULE B—Federal Income, War-proflts, and Exeeas-proflts Taxes

Itemize below all Federal income, war-profits, and excess-profits taxes paid or accrued during the year, stating the amount and year for which paid or accrued:

SCHEDULE C—Statement of Contributions (See Instruction S)

A-OOHTP^

* - l

I

NiMI Or OBOIHOATIOIC AKorifi F A D

$

$

SCHEDULE D—Payment of Surtax on Pro Rata Shares (See Ingtr<Fffl la ralr If Mdlm l»l(4) 1 th* B m n t Act <f 1M4 stalks)

NAM> i»D ADPBUB or EACS 8uBxaou>KB

action 12}

G u n or STOCK AXDNUUBIB Of 8SABB8 BttD

TOTAL

AMOUNT RirOBTBD BT ZkA8BABBHOLOIB

$

$

SCHEDULE E—Deductions Claimed for

2. r>iT*n»CT7BKED

Afo. Do» r«or

3. D U B DATB (OB

Mo. Da, Y,ar

Amounts Used or Set Aside to Retire Indebtedness

TAIIBLI VBXB

Incurred Prior to January

1

TiXlBLt '

1. 1

flAB

934

' • B ^ B V V 1 , ^ ? . 0 '

A complete statement setting forth the information required by Instruction 6 must be given below. (Attach additional sheets, if necessary.)


1935


TITLE IA, REVENUE ACT OF 1934

ADDITIONAL INCOME TAXES

S E C 351. STJBTAX ON PERSONAL HOLDING COMPANIES.00 IMPOSITION OP TAX.—There shall be levied, collected, and paid, for

each taxable year, upon the undistributed adjusted net income of every personalholding company a surtax equal to the sum of the following:

(1) 30 per centum of the amount thereof not in excess of $100,000; plus(2) 40 per centum of the amount thereof in excess of $100,000.(b) DEFINITIONS.—Ae used in this title—(1) The term "personal holding company" means any corporation (other

than a corporation exempt from taxation under section 101, and otherthan a bank or trust company incorporated under the lawa of theUnited States or of any State or Territory, a substantial part of whosebusiness is the receipt of deposits, and other than a life-insurance com-pany or surety company) if—(A) at least 80 per centum of its grossincome for the taxable year is derived from royalties, dividends, inter-est, annuities, and (except in the case of regular dealers in stock crBecurities) gains from the sale of stock cr securities, and (B) at anytime during the last half of the taxable ye&r more than 50 per centumin value of its outstanding stock is owned, directly or indirectly, by orfor not more than five individuals. For the purpose of determining theownership of stock in a personal holding company—(C) stock o-Aêd,directly or indirectly, by a corporation, partnership, estate, or truntshall be considered as being owned proportionately by its shareholder?,partners, or beneficiaries; (D) an individual shall be considered asowning, to the exclusion of any other individual, the stock owned,directly or indirectly, by his family, and this rule shall be applied insuch manner as to produce the smallest possible number of individualsowning, directly or indirectly, more than 50 per centum in value cf theoutstanding stock; and (E) the family of an individual she!! includeonly his brothers and sisters (whether by the whole or half blood),spouse, ancestors, aiid lineal descendants.

(2) The term "undistributed adjusted net income" means the adjusted netincome minus the sum cf'.(A) 20 per centum of the excess of the adjusted net income over the

amount of dividends received from persoual holding companies which

are allowable as a deduction for the purposes of the tax imposed bysection 13 or 204;

(B) Amounts used or set aside to retire indebtedness incurred prior toJanuary 1, 1934, if such amounts are reasonable with reference to thesize and terms of such indebtedness; and

(C) Dividends paid during the taxable year.(3) The term "adjusted net income" means the net income computed

without the allowance of the dividend deduction otherwise allowable,but) ;s the(A) Federal income, war-profits, and excess-profits taxes paid or

accrued, but not including the tax imposed by this section;(B) Contributions or gifts, not otherwise allowed as a deduction, to

or for the use of donees described in section 23 (o) for the purposes thereinspecified; and

(C) Losses from sales or exchanges of capital assets which are dis-allowed as a deduction by section 117 (d).

(4) The tomi3 used in tills section Biioll li&vc thus ssuno ms&ning &s "wti6n usedin Title I.

(c) ADMINISTRATIVE PROVISIONS.—All provisions of law (includingi penalties) applicable in respect of the taxes imposed by Title I of this Act,

shall insofar as not inconsistent with this section, be applicable in respect of thetax imposed by thia section, except that the provisions of section 131 of thattitle shall not be applicable.

j (d) PAYMENT OP SURTAX ON PRO RATA SHARES.-—The tax irn-j posed by this section shall not apply if all tlia shareholders of thecorporation| include (at the tune of filing their returns) in their gross income their entireI pro rata shares, •whether distributed or not, of tho "adjusted net income" of

the corporation for *uch year. Any amount so included in the gross incoiaa ofj a shareholder shall be treated as a dividend received. Any subsequent distri-

ltion made by the corporation out of earnings or profits for such taxable yeariall, if distributed to any shareholder who has ao included in his gross income,s pro rata share,.be exempt from tax in the amount of the share so included,(e) IMPROPER ACCUMULATION OP SURPLUS.—For surtax on corpor-

;ious which accumulate surplus to avoid surtax on stockholders, nee section 102.

INSTRUCTIONS

1. SURTAX ON PERSONAL HOLDING COMPANIESSection 351 of Title IA of the Revenue Act of 1934 imposes an additional

graduated income tax or surtax upon corporations classified as personal holdingcompanies. Corporations so classified are exempt from the surtax on corpora-tions improperly accumulating surplus imposed by section 102 of Title I ofthe Revenue Act of 1934, but are not exempt from the other taxes imposed bythat title. Unlike the surtax imposed by section 102, the surtax imposed bysection 351 applies to all personal holding companies defined as such in Instruc-tion 2 regardless of whether or not they wore formed or availed of to accumulategains and profits for the purpose of avoiding surtax upon shareholders.

2. CLASSIFICATION OF A PERSONAL HOLDING COMPANYA personal holding company is defined as any corporation (other than a

corporation specifically exempt), first, 80 percent or more of whose gross incomefor the taxable year was derived from royalties, dividends, interest, annuities,and gains from the sale of stock or securities; and, seconfl, more than 50 percentin value of whose outstanding stock was owned, directly or indirectly, at anytime during the last half of the taxable year by or for not more than five indi-viduals. The only corporations specifically exempt from this tax are as follows:(1) Corporations exempt from taxation under section 101 of Title 1; (2) banksand trust companies (incorporated under the laws of the United States, or ofanv State or Territory), a substantial pivrt of whose business is the receipt ofdeposits; (3) lifo insurance companies; and (4) surety companies.

It is the nature of the gross income and the ownership of the outstanding stockwhich determine the classification aa a personal holding company, and the severalconditions with respect to both must be satisfied to bring a corporation withinthe classification. Gross income must be determined for the entire taxable yearand the ownership of the stock outstanding must be determined according to its

a personal holding company for some years and not for other years. In thatc&se, the Burtax liability shall be determined under section 351 only for the yearsin which the corporation comes within the classification aa a personal holdingcompany, while ; I e liability for surtax as to the other yeara will depend uponwhether the corporation comes within the provisions of section 102 with respect

The gross income for purposes of section 351 means the gross income as com-puted under sections 22,204, and 231 and the regulations thereunder, for purposesof the taxes imposed by Title I. Accordingly, items excluded from the grossincome under Title I are not to be included in determining gross income underBectioo 351. Gross income is not synonymous with grosa receipts. For example,in the case of a sale or exchange of property, it includes only the excess of theamount realized therefrom over the adjusted basis provided for in section113 (b). It does not include gains which are not recognized under section112 (b). In the case of a corporation reporting on the installment basU, itincludes only that portion of the gain returnable as income under section 44.In the case of a manufacturing, merchandising, or mining business, "grossincome" means the total sales, less the cost of goods sold, plus any income frominvestments and from incidental or outside operations or sources. In determininggross income, subtractions should not be made for depreciation, depletion,sclliDg expenses, or losses, or for items not ordinarily used in computing the costof goods sold. Sales of capital assets as defined in section 117 mu3t be treatedas separate transactions afid only those sales which individually resulted inprofits shall be considered In determining the gains derived from such source.Gains from all transactions involving stock in trade, etc., are determined forthe taxable year as a whole instead of separately.

3. NATURE OF GROSS INCOME

From the standpoint of the nature of the gross income, a corporation comeswithin the definition of a personal holding company for any taxable year when80 percent or more of its gross income for such taxable year was derived fromthe following sources;

(o) Royalties.—Tha term "royalties" includes amounts received for the useof or for the privilege of using patents, copyrights, secret processes and formulas,good will, trade marks, trade brands, franchises, and other like property. Itdoe3 not include rents, nor overriding rovalties received bv an operating com-pany. As used in this paragraph the term "overriding royalties " means amountsreceived from a sublessee by the operating company which originally iea&ed anddeveloped the natural resource property in respect of which such overridingroyalties are paid.

(6) Dividends—The term "dividends" means dividends as defined in section115 (a). It does not include stock dividends, liquidating dividends, or othercapital distributions referred to in section 115 (c), (d), and (f).

(c) Interest.—The term "interest" means any amounts received for the uaeof borrowed money which are includible in gross income under Title I.

(d) Annuities.—The term "annuities" refers only to annuities to the extentinciudible in the computation of gross income under Title I.

(e) Gains from, the sale of stock or securities.— The term "gains from the saleof stock or securities" applies to all gains (including gains from liquidatingdividends and other distributions from capital) from the sale or exchange ofstock or securities inciudible in gross income under Title I. The term "stockor securities" includes shares or certificates of stock or interest in any corpora-

organization classified as a corporation by the Act), certificates of interest orparticipation in any profit sharing agreement or in any oil, gas, or other mineralroyalty or lease, collateral trust certificates, voting trust certificates, stockrights or warrants, bonds, debentures, certificates of indebtedness, notes, c^rtrust certificates, bills of exchange, obligations issued by or on behalf of aGovernment, State, Territory, or a political subdivision thereof, etc.

In the case of "regular dealers in stock or securities" the term does not in-normal course of business. The term "regular dealers in stock or securities"means corporations with an established place of business regularly engaged inthe purchase of stock or Becurities and their resale to customers. A corporationwhich is a regular dealer in stock or securities but which buys or sells or holdsstock or securities for investment cr speculation ia not a dealer with respect tosuch stock or securities.

4. STOCK OWNERSHIPFrom the standpoint of the ownership of the outstanding stock, a corporation

comes within the definition of a personal holding company for atjy taxableyear if at any time during the last half of the taxable year more than 50 percentin value of the stock outstanding was owned, directly or indirectly, by or fornot more than five individuals. The ownership of the stock shall be determinedin accordance with the following rules:

(a) All forms and classes of stock, however denominated, which represent.the interests of the shareholders, members, or beneficiaries in the corporationshall be taken into consideration. For the purpose of determining such owner-ship, the Act provides that stock ownod, directly or indirectly, by a corporation,partnership, estate or trust shall be considered a3 being owned proportionatelyby its shareholders, partners, or beneficiaries.

(6) The stock outstanding only during the last half of the taxable year shallbe taken into consideration. However, and in the event of any change iuthe stock outstanding during such period, whether in the number of shares or

aticn, since a corporation comes within the classification if the statutory condi-tions with respect to stock ownership are present at any time during the periodspecified.

(c) The stock owned by an individual shall include all stock in tho samecorporation owned, directly or indirectly, by the members of his family. Forthis purpose the family of an individual shall include only hia brothers andsisters (whether by the whole or half blood), spouse, ancestors, and lineal de -


1935


eeendanta. The Act further provides that this role shall be applied in suchmanner as to produce the smallest possible number of individuals owning, di-rectly or indirectly, more than 50 percent in value of the outstanding stock.

For example, the M corporation at some time during the last half of the taxableyear had 1,800 shares of outstanding stock, 450 of which were held by variousindividuals having no relationohip to one another and the remaining 1,350 wereheld by 50 shareholders having the relationships and individual shareholdingsas follows:

In the above example by applying the statutory rule, fivo individuals ownedmore than 50 percent of tho outstanding stock aa follows;

A (including AF AW, Ah, AS, ASHS) . . . 160B (including EF, EW, B6, 3S, BSUS) .. - - . . . . 100CW (including C, CS, CWF, CWB) . . . . 220DB (including D, L'F, DBW)... __ 200EWB (including few, EWF, EWBW).._ 170

TOTAL OE MORE THAN 50 PERCSNT 910

It will be noted that individual A represents the obvious case where the headof the family owns the bulk of the family stock and naturally is the head ofthe group. Individual B represents the case where lie is still head of the groupbecause of the ownership of 3tock by his immediate family. Individuals Cand D represent cases where the individuals fell in groups headed in C's caseby his wife and in D's case by his brother because of the preponderance ofholdings on the p?^t of relatives by marriage. Individual Hi repreaents the caaowhere the preponderant holdings of others eliminate that individual from thegroup.

(d) In determining whether the statutory conditions with respect to stockownership are prenent'at any time during the period specified, the phrasa "iuvalue" shall, in the light cf all the circumstances, be dccined the value of thecorporate stock outstanding at such time (not including treasury efeock). Thisvalue may be determined upon the basis of the company's net worth, earringand dividend paring capacity, appreciation of assets, and any other 'actorhaving a bearing upon the valve of tho stock. If a value of stock is U3edwhit'li is greatlv nt v&tlanco witn that reflected by the coirpor&te books, theevidence upon which such valuation is based should be filed with the return.In any case where thera RTI

uted a: g the differ classes a oio.ing

5. COMPUTATION OF UNDISTRIBUTED ADJUSTED NET INCOME

In ascertaining th« tax basis for personal holding companies, the "adjustednet income " is first computed. This is accomplished by adding to tho corporatenet income, aa defined in Title I, tha amount of dividends received from domesticcorporations which are deductible under ssctiorj 23(p), and by subtractingtherefrom (a) Ftderal income, war-profits, and excesa-profits taxes paid oraccrued, but not including the surtax imposed by section 351, (6) contributionsor gifts cot otherwise allowed as a deduction to or for the use of donees described

exchanges of capital assets which are di&aliowed aa a deduction by section117(d). The foreign tax credit permitted by section 131 with respect to thetaxes imposed by Title I is not allowed with respect to the surtax imposed bysection 351. However, the deduction of foreign taxes under section 23 (c) apermitted for the purposes of tho surtax even if for the purposes of the corpo-rate tax imposed by Title- I a credit for such taxes is taken.

Tho "undistributed adjusted net income" is computed hy subtracting fromthe "adjusted net income" described above, (a) an amount equal to 20 percentof the excess of the adjusted net income over tho amount of dividends receivedfrom personal holding co-Dp&me3 which s.re allowably as a deduction for thepurpose of tho fax imposed bv section 13 or 204, (6) reasonable amounts usedor set aside to retire indebtedness incurred by ths taxpayer prior to January 2,

The credit aff&inpt net income for certain interest received upon obiig&tiojjsof the United States, or of corporations organized under act of Congress, is notallowable for purposes of the surtax.

If, pursuant to a bona fide plan for the retirement of its bonds, debentures,cr similar obligations representing indebtedness incurred prior to January 1,1934, for the purpose of raising capital (or assumed prior to that date in con-nection with the acquisition of capital assets by which auch indebtedness is

(1) retires during the taxable year an amount of such indebtedness, or

(2) establishes a sinking fund or reserve for the retirement of such indebted-ness during the taxable year, and sets aside in such fund or reservean amount for the retirement of such indebtedness—

in determining the undistributed adjusted net income for the taxable year, adeduction from the adjusted net income is allowable in a reasonable amountin reepect of the amount so paid or set aside in such fund or reserve during the

The amount allowable as a deduction in any case must be reasonable, consider-ing the nature, purposes, scope, conditions, amount, maturity, and other termscf the indebtedness. No deduction is allowable unless it appears; either fromthe covenants of the obligations or from a recognized business and accountingpractice respecting the retirement of such indebtedness, that provision for retire-

ment must be made out of earnings for the taxable year before distribution ofsuch earnings may be made. The reasonableness of the deduction shall bedetermined upon existing conditions known at the close of the taxable year.The fact that amounts have not been used or set aside in prior years will notentitle the taxpayer to deduct in any taxable year a greater amount than wouldotherwise be allowable. Amounts paid or set aside to discharge current liabilitiesfor expenses, salaries, wages, taxes, interest, the purchase of any property forresale, dividends, balances due brokers, bank or other commercial loans, or anyother current liability (whether represented by negotiable instruments, balanceson account, or otherwise) do not constitute allowable deductions. This is trueas respects liabilities which are payable at the convenience of either the debtoror the creditor, or on the demand of either.

No deduction will be permitted with respect to any item for which a deductionis otherwise allowable under Title IA or Title I of the Revenue Act of 1934 orunder any applicable prior income tax act.

A resolution, specifying the particular indebtedness to be retired, the plan ofretirement, and the spepific assets to be used for that purpose, passed by theboard of directors or corresponding authority during the taxable period or priorthereto, will be considered sufficient to meet the statutory requirement that theamounts muet be "s^t aside/' A certified copy of such resolution must accom-pany this return.

The burden of proof will rest upon the taxpayer to sustain the deductionclaimed. Therefore, the taxpayer must furuwb the information required bySchedule E of this return and such othor information as the Commissioner mayjoquirs in substantiation of the deduction claimed.

7. BATE OF SURTAX

The surtax ia t-o be computed at the rate of 30 percent upon the amount of thaundistributed adjusted net income not in excess of $100,000, and at the rate of40 percent upon the amount of the undistributed adjusted net income in excessof $100,000.

?. SIGNATURES AND VERIFICATION

Tho return shall be sworn to by the president, vice president, or other prin-cipal officer, and by the treasurer, assistant treasurer, or chief accounting officer.The return cf a foreign corporation having no office or ptece of businf*a in theUnited States but having an agent in the United States shall tw sworn to by

h agent9. TIME AND PLACE FOE FILING

The return must be filed on or before the fifteenth day of the third monthfollowing the close of the taxable year with the collector cf internal revenuefor th« district in which the corporation's principal office is located. In the caseof a. foreign coiporation not Slaving any Oixice cr place of business in the United

following the close of the taxable year, with the Collector of Internal Revenue,

The collector of internal revenue may grant a reasonable extension of timefor filing a return, not to exceed 6 months, if application therefor is made beforethe date prescribed by law for filing such return, whenever in his judgment

10. PAYMENT OF TAXES

The tax should be paid by sending or bringing with the return R eboj-k ormoney order drawn to the order o* "Collector of internal Revenue at (insertname and city and State)." Do not send cash by mail, nor pay it in personexcept at the collector's office.

The total amount of tax may be paid when the return is filed or in four equal

prescribed for filing the return, the second installment shall be paid on or beforethe fifteenth day of the third month, the third installment on or before thefifteenth day of tho sixth month, and the- fourth installment on or before thefifteenth day of tho ninth month, after the data prescribed for paying the firstinstallment,

If an;

11. PENALTIES

For willful failure to make, and file return on time,—Not more than $10,000or irnDrisonnieQt for not more ttuin one yesr, or both, fled in addition 6 Xo 25percent of the amount of the tax.

For willfully making a false or fraudulent return.—Not more than $10,000 or

For deficiency I —Interest o i deficiei cy a'; 6 percent perg of a

waiver of the restrictions on assessment and collection, whichever date is theearlier, and in addition 5 percent of the amount cf tho deficiency if due to neg-ligence or intentional disregard of rules and regulations without intent todefraud, or 50 percent of the amount of the deficiency if due to fraud.

12. PAYMENT OF SURTAX ON PRO RATA SHARES

The surtax imposed by section 351 does not apply to any taxable year if everyshareholder includes, at the time of fiiing his return, in his gross income hisentire pro rata share of the adjusted net income of the corporation for the taxableyear of such corporation ending with or during his taxable year. See section351 (d) of the Revenue Act of 1934. In such event a return on this form mustbe made but only items 1 to 9 end Schedule D need be filled in.


1935


URY DKPABTMNtL RITIXVS Sro

RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURNDo Not Write in These Space*

INDIVIDUAL INCOME TAX RETURNFOR NET INCOMES FROM SALARIES OR WAGES OF MORE THAN $5,000AND INCOMES FROM BUSINESS. PROFESSION, RENTS. OR SALE OF PROPERTY

For Calendar Year 1936«cal year begun , 1936, and ended , 1937

File Tins Reran Not later Than the 15th Dar

PRINT NAME AND ADDRE

(Name) (Doth husba

(Street and

of

nd

the

PL

and

Third Month Folio

A1NLY BELOW

wife, if this is a jc

cr, or rural touts)

Winj

(See

Ibe Close o( the Ti,

Instruction 28)

iturn)

table Yen(C*shUr's Stamp)

C h Check M . O . C r t . o f l r v A .

2. Did any perse

or" Sofvfce'yo

pare this « n for you? If sc

[f you £itd a rotum for the preceding year,

5 V " J S l d°l i i with h b d "

usband

with husband

husband

or wife) under 18 years of age or incapable of•upport r«oelved their chief support from you

»n ndequatc nnd

j K f c I N C O M E Amount,cckti S^m-rtP-W

I. Salaries, Wages, Commissions, Fees, etc. (State name end address of employer) '*'*""" s*'"d"" "

. . . . S $

2. Net Profit (or Loss) from Business or Profession. (From Schedule A)(State kind of business)

3. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except interest on tax-free covenant bonds).

4. Interest on Tax-free Covenant Bonds Upon Which a Tax was Paid a t Source. (Attach detailed statement)..

5. Taxable Interest on Government obligations, etc. (From Schedule D, Line (?))

7. Income (or Loss) from Partnerships, Syndicates, Pools, etc. (Furnish name, address, and kind of business)

8. Income from Fiduciaries. (Furnish name and address)

9. Rents and Royalties. (From Schedule B)

10. Capital Gain (or Loss). (From Schedule C) (If capital loss, this amount may not ejeeed $2,000) _

11. Other Income. (State nature.) (Use separate schedule,'if necessary)— >

DEDUCTIONS13. Interest Paid. (Explain in Schedule F)

14. Taxes Paid. (Explain in Schedule F)

16. Bad Debts (including bonds determined to be worthless during taxable year). (Explain in Schedule F)

17. Contributions. (Erplain In Schedule F)

18. Other Deductions Authorized by Law (including stock determined to be worthless during taxable year).

$

$

19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18 ,

20. N E T INCOME (Item 12 minus Item 19) ,

$

$

COMPUTATION OF TAX (See Instruction 23)

21. Net income (Item 20 above) . _

22. Less: Personal'exemption 1$.

24. Balance (Surtax net income)...


27. Balance subject to normal tax. 1 S....I.

28. Normal tax (4% of Item 27)...

29. Surtax on Item 24. (See Instruction 23)

30. Total tax. (Item 28 plus Item 29)

33. Balance of Tax. (Item 30 minus Items 31 and 32)...

AFFIDAVIT (Sec Instruction 27)I/we swear (or affirm) that this return (including its accompanying schedules and statements, if any) has been .

lowledgc and belief is a true, correct, and complete return, made in good faith, for the taxable year stated, pursut;ions issued thereunder.

Subscribed and sworn to by before „

A RETURN MADE BY AN AGENT MUST BE ACCOMPANIED BY POWER OF ATTORNEY (See I *

ir (or affirm) that I/we prepared thisany) is a true t d l t

n to before me this ..

AFFIDAVIT (See Instruction 27)n for tne persi

.._tement " ' ""iwlcdge.

. . day of..


1936


SCHEDULE A—PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION (See Instruction 2)

1. Total receipts from business or profession (state kind of business)..COST or GOODS SOLD

2. Labor

3. Material and supplies

4. Merchandise bought for sale

5. Other costs (itemize below or on separate eh

6. Plus inventory at beginning of year

7. TOTAL (Lines 2 to 6) .

8. Less inventory at end of year.

9. N E T COST OP GOODS SOLD (Line 7 minus Lie

Enter "C",c o indicate whether in-

OTHI s DEDDC

10. Salaries not included aa "Labor" in l i n e 2 (do

not deduct compensation for your services)..

11. Interest on business indebtedness to others.....

12. Taxes on business and business property

13. Losses (explain in table at foot of page)

17. TOTAL (Lines 10 to 16) ] $

18. TOTAL DEDUCTIONS (Line 9 plus Line 17)

19. N E T PROFIT (OR LOBS) (Line 1 minus Line 18) (Enter

SCHEDULE B—INCOME

1. ElKD OF PEOrEETT

S

FROM RENTS AND ROYALTIES (See Instruct!

S-

(Eiplata uftibleitfoot of page)

$

on 9)

$

(Itemize below)3

$

(Enteru1ItamT*>

$

Explamclaim

SCHEDULE C—CAPITAL GAINS AND LOSSES (From Sales or Exchanges Only) (See Instruction 10)

1. BESCEIPTIOI

(or each period

Personal or bosineas relationship, if any, of purchaserare», capital changes al lectint basis (stock dividends, i

•In reporting sales or exchanges

Every saje°or eichanpe

SCHEDULE D—INTEREST ON GOVERNMENT OBLIGATIONS, ETC. (See Instruction 5)

(o) Obligations of a State, Territory, or political subdivision thereof,or the District of Columbia, or United States possessions..

(b) Obligations issued under Federal Farm Loan Act, or under such

(c) Obligations of United States issued on or before September 1,1917

(d) Treasury Notes, Treasury Bills, and Treasury Certificates ofIndebtedness

(e) U. S. Savings Bonds and Treasury Bonda__If) Obligations of instrumentalities of the United States (other than

• —

3. INTEREST RECETTEP

D ^ T T E T E A *

$..- -

4. PRTNOPAt

EXEMPT reoMTAXATION

All

All

All

AIL . .

$5,000

Kane

i. AMOUNT OWJJID

XX X XX X

X X X X X X

X X X X X X

$

X X

(ff) TOTAL (enter total of column 6 as Item 5)

AuotiKT m EXCESS

X X X X X X

xxxxxx

X X X X X X

$

XX

XX

X X

SCHEDULE E—INCOME FROM DIVIDENDS

Itemize all dividends i ved during the year, stating a. is and addresses of corporations declaring the dividends:

SCHEDULE F—EXPLANATION OF DEDUCTIONS CLAIMED IN ITEMS 1, 13, 14. 16. 17, ANP 18, AND CREDIT CLAIMED IN ITEM 2S

(Uo/ kicbSco^s'mj?Sd*)

EXPLANAT

£££L

ON OF DEDUCTION FOR DEPRECIATION CLAIM

3. COST OR MARCH 1,1913,

(Indicate basis)

4. ASSITS F n i TDEPRECIATED W USE

AT END OF YEAS

. ......

5. DEPRECIATION^

ABLE) IN PRiofi YEARS

CD [N SCHEDULES l

•s?s

I A N D

7. LITE USED

DEPRECU-

B

or YEAH

EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC., CLAIMED IN SCHEDULE A AND IN ITE

1- Knro or PEorisrr icon

.... . . . . . . .

«ssass

$_..

S. DIPSXOATION

, _

«L IXSUIANCE AKBSALVAOE VALUE

$

9. DEPIEOATIOMALLOWABLE THD YEAE

$ .- - - - -

M IS

$


1936


INSTRUCTIONSThe Instructions Numbered 1 to 20 Correspond with the Item Numbers or. the First Page of the Return

I. INCOME FROM SALARIES, WAG

Enter as Item 1 on page 1 of the return,credited by or received from outsidesourcea.giving the information requested.

Any * ' Jmt claimed as a deduction foi

:parate line for

etc., such as traveling expenses, while away from home in the pursuit of a tradeor business, should be fully explained in Schedule F on page 2 of the return, oron an attached statement. Traveling expenses ordinarily include expendituresfor railroad fares, meals, and lodging.

2. PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION

n page 1chedule s

on pageem 2 on page 1 of the return.Thi3 schedule should include income from: (a) Sale of merchandise or prod-ts of manufacturing, mining, construction, and agriculture; (6) Businessrvice, such as hotel, restaurant, and garage service, amusements, laundering,

portation, etc.; and (c) Professional service, such as dentistry, law,

expenses fc , ,Farmer's income schedule.—1

r keep books on a cashretur

-If you ais, obtain

The amount of depreciation on property acquired by purchase should bedetermined upon the basis of the original cost (not replacement cost)ôMhe

:has<

d bel

uted(lessf th

n 2 on page 1 of this return. If your farm books of accountare kept on an accrual basis, the filing of Form 1040F is optional.

Installment sales.—If the installment method is used, attach to the return aschedule showing separately for the years 1933, 1934, 1935, and 193G the follow-ing: (a) Gross sales; (6) Cost of goods sold; (c) Gross profits; (d) Percentage ofprofits to gross sales; (e) Amount collected; and (/) Gross profit on amountcollected. (See Section 44 of the Revenue Act of 1936.)

Kind of business.—Describe the business or profession in the space providedin Item 2, page 1, as "grocery", "retail clothing", "drug store", "laundry","doctor", "lawyer", "farmer", etc.

Total receipts.—Enter on Line 1 of Schedule A the total receipts, less anydiscounts or allowances from the sale price or service charge.

Inventories.—If engaged in a trade or business in whk-h the production, pur-chase, or sale of merchandise is an income-producing factor, inventories of mer-chandise on hand should be taken at the beginning and end of the taxable year,which may be valued at cost, or cost or market, whichever is lower.

Salaries.—Enter on Line 10 aU salaries not included as "Labor" on Line 2,except compensation for services of yourself, your dependent minor children, orof husband or wife if a joint return is filed, which is not deductible.

Interest.—Enter on Line 11 interest on business indebtedness. Do notinclude interest to yourself on capital invested in or advanced to the business.

Taxes.—Enter on Line 12 taxes on business property or for carrying on busi-ness. Do not include taxes assessed against local benefits of a kind tending toincrease the value of the property assessed, nor Federal income taxes, nor estate,

'^Losses?— E'n8ter>onSLineSi3 losses incurred in the trade or business, if not com-pensiited for by insurance or otherwise and not made good by repairs claimed asa deduction. Losses of business property arising from fire, storm, etc., should

the foot of page 2 of the return._ e 1*4 debtsj or portions thereof, arising from sales or

services that have been reflected in income, which have been definitely ascer-tained to be worthless and charged off within the year, or such reasonableamount as has been added to a reserve for bad debts within the year.

A debt previously charged off as bad, if subsequently collected, must be re-turned as income for the year in which collected.

Depreciation.—Enter on Line 15 the amount claimed as depreciation by reasonof exhaustion, wear and tear of property used in the trade or business, or asobsolescence or depletion, and explain in the table at the foot of page 2 howthis amount was determined. If obsolescence is claimed, explain why the"seful life is less than the actual life.

_ ' " " " should be^ «,,„„ *.,>, „..„.., „. O.jal"cost Cnot renlacement c

,..-,**..., and the probable number of yenexcept if the property was purchased prior to Mi . -on the fair market value of such property as of that date odepreciation actually sustained before that date), whiche1

property was acquired in any other manner than by purcnase, see oecxions t6(1), 23 (n), and 114 of the Revenue Act of 1936.

In case a deduction is claimed on account of depletion of mines, oil or gas wells,or timber, see Sections 23 (m), 23 (n), and 114 of the Revenue Act of 1936.

Do not claim any deduction for depreciation in the value of a buiiding occupiedby you as a dwelling, or property held for personal use, nor for land (exclusiveof improvempnts thereon^ nor on stock15 bonds, and securities.

Rent, repairs, and other expenses.—Enter on Line 16 rent on business prop-erty in which you have no equity, ordinary repairs to keep the property in ausable condition, and other necessarv business expenses not classified above,such as heat, light, and fire insurance. Do not include rent for a dwellingoccupied by you for residential purposes, the cost of business equipment orfurniture, expenditures for replacements or permanent improvements to prop-erty, nor personal, living, or family expenses.

3. INTEREST ON BANK DEPOSITS, ETC.Enter as Item 3 all interest received or credited to your account during the

taxable year on bank deposits, notes, mortgages, and corporation bonds, exceptinterest on bonds upon which a tax was paid at the source. Interest on bondsis considered income when due and payable.

4. INTEREST ON TAX-FREE COVENANT BONDSEnter as Item 4 bond interest upon which a tax was paid at source. Such

tax (2 percent of the interest entered in Item 4) may be claimed as a credit inItem 31 of the return.

6. INTEREST ON GOVERNMENT OBLIGATIONS, ETC.Schedule D should be filled in if you own any of the obligations or securities

enumerated in Column 1. Enter in Column 2 the principal amounts of thevarious obligations owned at the end of the year and enter in Column 3 ailinterest received or credited to your account during the year on these obliga-tions, including your share of such interest received from a partnership, or an

Interest on all coupons falling due within the taxable year will be consideredas income for the year, where the books are kept on a cash receipts and disburse-ments basis. If the books are kept on an accrual basis, report the actual amountof interest accrued on the obligations owned during the taxable year.

If the obligations enumerated on Line (e) are owned in excess of the exemptionOf $5,000, or any on Line (J) are owned in any amount, Columns 5 and 6 shouldbe filled in, and the total of the interest reported on Line (g) should be entered&9 Item 5 on page 1 of the return.

(See also Instruction 24, paragraph (<f).)

6. DIVIDENDSEnter as Item 6 the total of all dividends reported in Schedule E.

7 AND 8. INCOME FROM PARTNERSHIPS. SYNDICATES, POOLS, ETC.,AND FIDUCIARIES

Enter as Item 7 your share of the profits (whether received or not) (or of thelosses) of a partnership, syndicate, pool, etc., and as Item 8 income from anestate or trust, except that the share of taxable interest on obligations of theUnited States, etc., shall be included in Schedule D. Include in Items 31and 32, respectively, credits claimed for income tax paid at source, and foreign

If the taxable year on the basis of which you file your return does not coincidewith the annual accounting period of the partnership or fiduciary, then youshould include in your return your distributive share of the net profits (or losses)for such accounting period ending within your taxable year.

9. INCOME FROM RENTS AND ROYALTIESFill in Schedule B, giving the information requested.If you received property or crops in lieu of cash rent, report the income as

though the rent had been received in cash. Crops received as rent on a crop-share basis should be reported as income for the year ia which disposed of (unlessyour return shows income accrued).

sustained during the taxable year and explain in the table at the foot of page 2.Other expenses, such as interest, taxes, fire insurance, fuel, light, labor, and

other necessary expenses of this character should be itemized.10. CAPITAL GAINS AND LOSSES

Report sales or exchanges of capital assets in Schedule C and enter the net

ItemUni0°f fcAPITAlT L O S S E S ^ R E ^ L L O W A B L E ^ O N L Y V O V H E M L X -TEXT OF $2,000 PLUS CAPITAL GAINS. THEREFORE, IF THETOTAL AMOUNT OF CAPITAL LOSSES IS IN EXCESS OF THETOTAL AMOUNT OF CAPITAL GAINS, THE AMOUNT TO BEENTERED AS ITEM 10 MAY NOT EXCEED 82,000.) Describe the prop-erty briefly, and state the price received or the fair market value of the propertyreceived in exchange. Expenses connected witli the sale or exchange may bededucted in computing the profit or loss.

If the property sold or exchanged was acquired prior to March 1, 1913, thebasis for determining GAIN is the cost or the fair market value as of March I,1913, adjusted as provided in Section 113 (b) of the Revenue Act of 1936, whic'

(SeeSection 113 of the Revenue Act of 1936.) If the amount shownthan actual cash cost of the property sold or exchanged, full details must bofurnished regarding the acquisition of the property.

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,or depletion which has been aUo'wcd (but not less than the amount allowable)in respect of such propertv since date of acquisition, or since March 1, 1913, ifthe propertv was acquired before that date. In addition, if the property wasacquired before March 1, 1913, the cost shall be reduced by the depreciaticnactually sustained before that date

fore March 1, 1913, theacually sustained before that date.

Subsequent improvements include expeand repairs made to restore the propertdeduct ordinary repairs, interest, or taxes

rso loss shall be recognized in any sale

tures for additions, lroprovementsjr prolong its useful life. Do notcomputing gain or loss,ther disposition of shares of stof k

30 dwithin 30 days before or after the date of such sale or disposition, u:tless\ou a : e 'engaged in the trade or business of buving and selling stocks &nd securities.

No deduction shall be allowed in respect of losses from sales or exchanges ofpropertv, directly or indirectlv, (A) between members of a. family, or (B) exceptin the case of distributions in liquidation, between an individual and a corporu.-tion in whicii such individual owns, directly or indirectly, more than £0 per-cent in value of the outstanding stock For the purpose of this paragraph—(C) an individual shall be considered as owning the stock owned, directly orindirectly, by his family: and (D) the family of an individual shall include lhis brothers and sisters (whether by the whole or half blood), spouse ances

The provisions of the Revenue Act of 1936 relating to capital gains awl

yestors,

s t has be

r exchanges of capital assets

> the disiabove, 100 percent of thi

orpo'rati

Section 117 applies only to gains and losses upon the etcapital assets and, therefore, has no application to loss of

ofamounts distributed in complete liouid&tit115 (c) of the Revenue Act of 1936.)

tge ofr . . uponof property or loss sustained as the

_ning worthless,the application of Section 117 a husband and wife, regardless of whether

Accordingly, the Hmi•s of o

under Secxchanp of c

117 (d) on the allowance ofpital assets is in all cases tothe other spouse upon salesbe computed without regard to g;

or exchanges of capital assets .11. OTHER INCOME

Enter as I tem 11 all other taxable income for which no space is provided on

12. TOTAL INCOMEEnter as I tem 12 the net amount of I tems 1 to 11, inclusive, after deducting

any expenses reported in Item 1, and losses in I tems 2, 7, 9, and 10.

13. INTEREST PAIDEnter as Item 13 interest paid on personal indebtedness as distinguished from

business indebtedness (which should be deducted under Schedule A or B). Donot include interest on indebtedness incurred or continued to purchase or carryobligations (other than obligations of the United States issued after September24, 1917, and originally subscribed for bv the taxpayer) the interest upon whichis wholly exempt from taxation.

14. TAXES PAIDItem 14 personal taxes and taxes paid on property not used in your

messed against "local benefits of anciuding thoL- —.~~..^- -^ „- ~~! value of the property assessed. Do not include-ate, inheritance, legacy, succession, and gift taxe• interest as shareholder of a corporation which a

iny portion

_. profes

FenderaTincogme°taxes!'nor taxes imposed upcpaid bv the corporation witnouL reimoursenclaimed as a credit in Item 32. No deducticforeign income and profits taxes if a credit is *—...^^ .-. *^ .~ —

Any deduction on account of taxes should be explained in Schedule F .

15. LOSSES BY FIRE, STORM, ETC.Enter as Item 15 losses of property not connected with your business or pro-

fession, sustained during the year if arising from fire, etorm, shipwreck, or othercasualty, or from theft, and if not compensated for by insurance or otherwise.(See Section 23 (e) of the Revenue Act of 1936.)

Explain Iosse3 claimed in the table provided on page 2 of the return.

16. BAD DEBTSEnter as Item 16 all bad debts other than those claimed as a deduction in

Schedule A. State in Schedule F, (a) of what the debts consisted, (ft) when theywere created, (e) when they became due, (d) what efforts were made to collect,and (e) how they were actually 'determined to be •worthless. 2—17202


1936

STATISTICS OF INCOME 15517. CONTRIBUTIONS

Enter «a Item 17 coatritratkBH or gifts made within the taxable year to anycorporation, or trust, or community ©host, fund, or foundation, organized andoperated exclusively for religious, charitable, scientific, literary, or educationalpurposes or if or the prevention ©f cruelty to children or animals, no part of the

gs of -which inures to th b f i t f i t e shareholder or indi-vdual, and no substantial part t>f the activities of which is carrying on propa-ganda, or otherwise attempting, to influence legislation. The amount claimed

h l l t exceed 15 percent of ou t i t d i t h t th b f i t f

purposes, or if or the prevention ©f cruelty to children or anet earnings of -which inures to the benefit of any privatvidual, and no substantial part t>f the activities of which

d t h i t t t i t i f l l i l t ishall not exceed 15 percent of your net income computed without the benefit ofthis deduction. A fiduciary filing the return for an estate may claim, in lieu ofthis deduction, that provided in Section 162 of the Revenue Act of 1936. Listorganizations and amounts contributed to each in Schedule F.

18. OTHER DEDUCTIONS

Enter as Item 18 any other authorized deductions for which no space is.provided on the Teturn. Do not deduct losses incurred in transactions which•were neitii^r connected with your trade or business nor entered into for profit.If the return is filed for an estate in process of administration, there should be•deducted the amount t>f any income paid or credited to a beneficiary. Any«ieduction claimed should be explained in Schedule F.

No deduction is allowable for the amount of any item or part thereof allocablet o a class of exempt income, other than interest. Items directly attributable toeuch exempt income shall be allocated thereto, and items directly attributableto any class of taxable income shall be allocated to such taxable income. Ataxpayer receiving any exempt income, other than interest, or holding anyproperty or engaging in any activity the income from which is exempt shall«obmit with his return as a part thereof an itemized statement, in detail,«bowing (1) the amount of each class of exempt income, and (2) the amountof items allocated to each each class (the amount allocated by apportionmentbeing shown separately).

19. TOTAL DEDUCTIONS IN ITEMS 13 TO 18Enter as Item 19 the total of Items 13 to 18, inclusive. This amount should

not include any deduction iclauned in Schedule A or B.2C. NET INCOME

Enter as Item 20 the net income, which is obtained by deducting Item 19from Item 12. The net income shall be computed upon the basis of the taxableyear in accordance with the-method of accounting regularly employed in keepingyour books, unless such method does not clearly reflect your income.

21. PERSONS REQUIRED TO MAKE A RETURN OF INCOMEAn iueome tax return must be fiicd by every citizen of the United State?

whether residing at home or abroad, and everv person residing in the UnitedSteles though not a citizen thereof, whose gross income for the taxable yearamounted to $5,000, or whose net income amounted to—

(a) $1,000 if single or if married and not living with hui(6) $2,500 if married and .living with husband or wife; or(c) More than the personal exemption if status of taxpayer changed.

If an individual is single and the net income, including thst of dependentminors, if any, is $1,000 or over, or if the gross income is $5,000 or over, a returnmust be filed. If the combined net income of husband and wife, and dependentminor children, if any, is $2,500 or over, or if their combined gross income is$5,000 or over, all such income roust be reported in a joint return, or in separatereturns of husband and wife. In case the husband and wife elect to file separatereturns and their combined net income is $5,000 or over, each shall make areturn on Form 1040.

In order for a joint return to be filed by a husband and wife, both GJJOUSCBmust have had some income or deductions in the year for which the return isfiled and the return must include the income and deductions of both spouses.A joint return of husband and wife may be filed only if tkey were living to-gether at the close of their taxable year.

if unmarried, or in excess of the credit allowed him by Section 25 (b) (1) and (3)of the Revenue Act of 1930 (computed without regard to his status as the headof a family), if married and living with spouse, or if his gross income for theperiod was $5,000 or over, the executor or administrator shall make a returnfor him on Form 1040 or 1040A.

Income of (a) estates of decedents before final settlement, (o) trusts, otherloan revocable trusts, whether created by will or deed, is taxed to the fiduciaryas a single person, except that from the income of a decedent's estate there shouldbe deducted any amount properly paid or credited to a beneficiary.22. EARNED INCOME CREDIT, PERSONAL EXEMPTION, AND CREDIT

FOR DEPENDENTSFor the purpose of the nornla! tax, bat not far t.be surtax, th(

laries, professional fees, am

p^^lÂ8™?1on for the personal se:

m of earnings or jirofiis rather than a;tus!ly rendered. ID tbe case of a tax-tie persona! services actuary renderedprofits - — u *- '" " 1-—i "*"*"

}d living with husband cr wife during the entii)le year, may claim an exemption of $2,500. IX husband and wiie file separate returns, theexeniptio;

"X'-bead of a family" Is an^ndJTid'uafwho actually supports and maintains In oce household one oMore individuals who are closely connected with iiim by blood relationship, relationship by marriagea by adoption, and whose right to (ftereiso family control and provide for these dependent individual

In addition to the personal exemption, a credit of $400 may be claimed for each person (other thaihusband or wife) under 18 years of age, or incapable of self-support because mentally or physically detecUve, who received his or her chief support from the taxpayer during the taxable year. This credi

ghtp between taxpayer and (Spendentând tbe reason for support if the dt pendent is not under 18 year

If ie status of tbe taxpayer, insofar as it affects tlMarine tbe taxable year, the personal exemption icntnber of months before ard after such change.

23. COMPUTATION OF TAXSurtax.—The mirtax on any amount of surtax net income not shown in the

table below is computed by adding to the surtax for the largest amount shown•which is less than the income, the surtax upon the excess over that amount»t the Tate indicated in the table.

In the case of a bona fide Bale of any oil or gas property, or any interesttherein, the surtax on the profit shall not exceed 30 percent of the selling price.(See Section 105 of the Revenue Act of 1936.)

Amocat of surtax not income

A

4,oooto «]oo6::::::":::::::":":"":

8 000 to 10 000 ""'" " "

2,000 to 14,0004.000 to 10,000

st.ooo to •Miooo::::::::-."::.:.

sa.000 to 6 6 ! o n o : : : : : : : : : : : : i : : : : : . : . .

Rate

B

lj

ft

180300

! • !

I'm

f£ II:;;:;:;;;;;:;;m o w w 3Of.!oco":::::::::::::300,000 to 400,000400,000 t o 6<K1,000JOO.OOOtO 750,000

I.OPO'.OOO to J.'oooiooo

Rate

*

39

CO

|

Total

C

1C.SW19,40024.(00

ill

1,371,00

3.M1.000

Income from n partnership or fidnciary baring a different taxable year.—Ifthfi taxable year of a beneficiary >s different from that of the estate or trust,the part of the estate or trust income to be included in computing bis net income

83167—38 11

The following items are exempt from Federal income tax, except whenotherwise indicated, and should not be included in gross income:

d (other thjn aruoi

^"hSTbe

transferee shall bo exempt fronl t&xaiioc ujder paragraph (c) abu\o or this pvap-apfa,

r«Ct?

25. ACCRUED OH RECEIVED INCOMEIf your books cf account are kept on the accrual basis, report all income

accrued, even though it has not been actually received or entered on the books,and expenses incurred instead of expenses paid. If your books arc not kept onthe accrual basis, report all income received or constructively received, such asbank interest credited to your account, and expenses paid. The return for adecedent shall include all items of income and deductions accrued np to the dateof death, regardless of the fact that the decedent may have kept his books oni cash basis.

The retun26. PERIOD TO BE COVERED BY RETURN

st be filed on this form for the calendar year 1936 01

nlees pern

n the close

_, „ fiscal. jndedin 1937.sting period established must be adhered tosion is received from the Commissioner to

_ r l ir a change in tbe accounting period shall beand forwarded to the collector prior to the expiration of 30 aays froof the proposed taxable year.

27. AFFIDAVITSTaxpayer or agent.—The affidavit must be executed by the person whose

income is reported or by his legal representative or agent. The return may bemade by an agent (1) if, by reason of illness, the person liable for tbe makingof the return is unable to make it, or (2) if the taxpayer is unable to make thereturn by reason of continuous absence from the United States for a period of atleast 60 days prior to the date prescribed by law for making the return. When-ever a return is made by an agent it must be accompanied bv a power of attorneyon Form 935, or, in the case of husband and wife, en Form 930 (copies ofwhich may be obtained from the collector of internal revenue).

Joint return.—The joint return of husband and trife must be signed by bothspouses and sworn to by the spouse" preparing—filling in—the return. If thereturn is prepared by both spouses, or is prepared by neither spouse, then bothspouses must swear to the return, except where one spouse acts for the otherBpouse under & power of attorney submitted on Form 936.

Where retnrn is prepared by someone other than taxpayer.—Question 12 onpage 1 of the return should be answered fully, and where the return is actuallyprepared by some person or persons, other than the taxpayer, such person orpersons must execute the affidavit at the foot of page 1 of the return.

The oath will be administered without charge by any collector, deputy collec-tor, or internal revenue agent. If an internal revenue officer is not available, thereturn should be sworn to before a notary public, justice of the peace, or otherperson authorized to administer oaths, except an attorney or agent employed torepresent the taxpayer before tbe Department in connection with his tax liability

28. WHEN AND WHERE THE RETliKN MUST BE FILED

The return must be Eent to the collector of internal revenue for the district inwhich you live or have your principal place of business, so as to reach the col-lector's office on or before the fifteenth day of the third month following theclose of your taxable year. In case you have no legal residence or place ofbusiness in the United States, the return Ehould be forwarded to the Collectorof Internal Revenue, Baltimore, Maryland.

Your home or residential address should be given in the space providedst the top of the first page of the return. If yon have a permanent businessaddress, that address may be given as the principal or mailing address, providedthat the complete home or residential address is also given.

29. WHEN AND TO WHOM THE TAX MUST BE PAIDThetax should be paid, if possible, by sending or bringing with the return a

check or money order drawn to the order of "Collector of Internal Revenue at(insert city and State)." Do not send cash by mail, nor pay it in person exceptat the Collector's office.

The tax may be paid when the return is filed, or in four equal installmentsas follows: The first installment shall be paid on or before the fifteenth day ofthe third month following the close of the taxable year, the second installmentshall be paid on or before the fifteenth day of the third month, the third install-

" >efore the fifteenth day of the sixth month, and the fourth installmentthe fifteenth day of the ninth month after the latest date prescribed

for paying the first installment.If any installment is not paid on the date

of tax unpaid shall be paid upon notice ant

Every person making paymentsr other 6xed or determinate inco

fixed for ayment, the whole amountbv the collector.

30. PENALTIESFor willful failure to make and file a return on time.—Not more than 810,000

• imprisonment for not more than 1 year, or both, together with the costs ofprosecution, and, in addition, 5 percent to 25 percent of the amount of the tax.

For willfully making a false or fraudulent return.—Not more than $10,000 orimprisonment for not more than 5 years, or both, together with the costs ofprosecution.

For deficiency in tax.—5 percent of the amount of the deficiency if due tonegligence or intentional disregard of rules and regulations without intent to

1 rfraud, or 50 percent of the amount of the deficiency if due to fraud.31. INFORMATION AT SOURCE

Every person making payments of salaries, wages, interest, rents, commissions,. _AI n 1 j _ i : u>~ : , r e 1 QQQ QJ- J - n . . . i j _ .

rship, ot

_ jingle pei•son, is required to mase a return on nsuch payments and the name and addifurnished by any collector of interna

.-.•ering the calendsInter * ~not li

rnal Revenue, Sorting Section, Washington, D. C , iu'time to be receivedlater ttias February 15, 1937. a-,:**.


1936


RETURN FORM MARKED "DUPLICATE" MOST BE FILED WITH THIS ORIGINAL RETURNForm 1040 A

TREASURY DEPARTMENTIimmHAL RSVKNUB SBBVSCB

(Auditor's stamp)

INDIVIDUAL INCOME TAX RETURNFOR NET INCOMES OF NOT MORE THAN $5,000

DERIVED CHIEFLY FROM SALARIES AND WAGES

For Calendar Year 1936To be filed with th. Collector of Internal Rerenue for your di.trlct on or before March IS. 1937

PRINT NAME AND HOME ADDRESS PLAINLY BELOW

(Name) (Both huabaad and wifs. if t!>» a a joint return) (Seo Inatruction 16)

(Street and number, or rural rout.)

OCCUPATION .^.

Do not write in this space

SerialNumlwr „

AmountPaid. S

(Caihier'a .tamp)

Ca«h Check M. O.

L. Ar© you a citizen or resicof the United States?..

year?...

during your ti

14 for definition)?.

. . _ i n y dependents (except husband or wife) receivedtheir chief support from you during your taxable year? -

8. State date and nature of any change underquestions 2, 4, or 5 during the year

ICUMNO. I N C O M E

1. Salaries, wages , commissions, fees, e tc . (From Schedule A) _

2 . Div idends . (From Schedule B) . . . . ._ . .

3 . I n t e r e s t on b a n k deposi ts , notes , mortgages , a n d corporat ion bonds . (From Schedule C)._

4 . I n t e r e s t on bonds u p o n which a t ax of 2 % was paid a t source. (From Schedule D)

5 . Other income (including income from fiduciaries, e tc . ) . (From Schedule F)

6. T O T A L INCOME I N I T E M S 1 TO 5

D E D U C T I O N S7 . Cont r ibu t ions . (From Schedule O)

8. Taxes pa id . (From Schedule H) _ _

9. I n t e r e s t pa id . (From Schedule I)

10. Losses b y fire, s to rm, b a d debts , e tc . (From Schedule J)

1 1 . T O T A L D E D U C T I O N S I N ITEMS 7 TO 10

C O M P U T A T I O N O F T A X12. N e t income for normal t ax purposes (item 6 minus i tem 11) _

13. Less: Ea rned income credi t

\£m Personal exemption...... . . . . . ...- «... - --. - .

15. Credit for dependents. (Explain in Schedule K)

16. Balance taxable at 4% (item 12 minus items 13, 14, and 15)

17. Total income tax (4% of item 16) -

18. Less: Income tax paid at source on tax-free covenant bonds (2% of item 4)— $

19. Income tax paid to a foreign country or United States possession. (Attach Form me) 119. Income tax paid to a foreign country or United States possession.

20. BALANCE OF TAX (item 17 minus items 18 and 19)

AFFIDAVIT (See Instruction 18)I/we swear (or affirm) that this return has been examined by me/us, and, to the best of my/our knowledge and belief, is a true

and complete return for the taxable year as stated, pursuant to the Revenue Act of 1936 and regulations issued under authority thereof.

Subscribed and sworn to by

before me this day of .. f 1937. (Signature) (Sea Instruction 18)

NOTE.—If jou deriro income, regardless- ofai

) (Signature)A RETURN MADE BY AN AGENT MUST BE ACCOMPANIED BT

POWER OF ATTORNEY. (See Instruction 18.)

int. from • profe*»ioa or bnaineM. Including farming, or from rente or sale of property, uae Form 1040. *-ira>4


1936

STATISTICS OF INCOME

Schedule A.—INCOME FROM SALARIES AND WAGES. COMMISSIONS. FEES. ETC. (See Instruction I)

157

3. EXPENSES PAID (Itemized)

or PAYOR

Sched ule B INCOME F R O

2. AMOUNT RECEIVED

S

M D I V I D E N D S (See la

1. NAM

struction I)

E OF PATOR 2 AMOUN

$

r RECEIVED

Schedule C—INTEREST ON BANK DEPOSITS, NOTES, MORTGAGES, CORPORATION BONDS (See Instruction C)

E OF OBLIGATION

Schedule D.—INTEREST ON E1. N A M E OF PATOR

ONDS ON WHICH A T A X OF 2% WAS PA2. NAM

I D

EO

AT SOURCEF BOND

(See Instruction 4)

3. AMOUNT

$

RECEIVED

Schedule E.—TAX-EXEMPT INTEREST ON GOVERNMENT OBLIGATIONS, ETC. (Sco Instruc

1. OBLIGATIONS AND SECURITIES

(a) Obligations of a State, Territory, or political subdivision thereof, or the District ofColumbia or possessions of the United States

(5) Obligations of instrumentalities of the United States (such as obligations issued underFederal Farm Loan Act, as amended, Ilome Owners' Loan Act, etc.)

(c) Obligations of the United States

2. AMOUNT OWNED AT

$

onC)

$ —

Schedule F OTHER INCOME (INCLUDING INCOME FROM FIDUCIARIES, ETC.) (See Instruction 5)

1. SOURCE or INCOME 2. NATURE OF INCOME 3. AMOUNT RECEIVED

$

Schedule G.—CONTRIBUTIONS (See Instruction 7)

$

Schedule I—INTEREST PAID (See Instruction 0)

1. To WHOM PAID 2. AMOUNT

$

Schedule H.—TAXES PAID (See Instruction 8)

1. NATURE or TAX 2. To WnoM PAID 3. AMOUNT PAID

$

Schedule J.—LOSSES BY FIRE, STORM, ETC. (See Instruction 10)

1. DESCRIPTION 2. AMOUNT

s

Schedule K EXPLANATION OF CREDIT POR DEPENDENTS CLAIMED IN ITEM 15 (See Instruction II)

1. NAME or DEPENDENT 2. RELATIONSHIP4. REASON FOR SUPPORT IF NOT UNDKB 18

YEARS OF AGE


1936


INSTRUCTIONSThe Instructions Numbered 1 to IS Correspond with the Item Numbers on the First Page of the Return

INCOME

1. Income from salaries, wages, etc.—Enter as item 1 thetotal of all salaries, wages, or other compensation credited byor received from outside sources, as reported in Schedule A.Any amount claimed as a deduction for necessary expensesagainst salaries, etc., such as traveling expenses while awayfrom home in connection with your occupation should be fullyexplained in Schedule A or in an attached statement. Travel-ing expenses ordinarily include expenditures for railroad fares,meals, and lodging.

2. Dividends.—Enter as item 2 the total of all dividends re-ported in Schedule B.

3. Interest on bank deposits, etc.—Enter as item 3 the totalof all interest on bank deposits, notes, mortgages, corporationbonds, etc., reported in Schedule C. Interest on bonds is con-sidered income when due and payable.

4. Interest on tax-free covenant bonds.—Enter as item 4 thetotal of all bond interest, reported in Schedule D, upon whicha tax was paid at the source. Such tax (2 percent of ^ i n t e r -est entered as item 4) may be claimed as a credit in item 18 ofthe return.

5. Other income.—Enter as item 5 the total of all other tax-able income, reported in Schedule F, including income from anestate or trust.

6. Total income.—Enter as item 6 the total amount of itemsIto5.

Schedule E should be filled in if you own any of the obliga-tions specified in column 1. Enter in column 2 the principalamounts of the various obligations owned at the end of theyear and enter in column 3 all interest received or credited toyour account during the year on these obligations, includingsuch interest received from an estate or trust.

DEDUCTIONS

7. Contributions.—Enter as item 7 the total contributions orgifts, reported in Schedule G, made within the taxable year toany corporation, or trust, or community chest, fund, or founda-tion, organized and operated exclusively for religious, charita-ble, scientific, literary, or educational purposes, or for the pre-vention of cruelty to children or animals, no part of the netearnings of which inures to the benefit of any private share-holder or individual, and no substantial part of the activitiesof which is carrying on propaganda, or otherwise attempting,to influence legislation. The total amount claimed shall notexceed 15 percent of your net income computed without thebenefit of this deduction.

8. Taxes paid.—Enter as item 8 the amounts reported inSchedule H as personal taxes and taxes on property whichwere imposed upon and paid by you during the taxable year.Do not include taxes assessed against local benefits of a kindtending to increase the value of the property assessed, norFederal income taxes, nor estate, inheritance, legacy, succes-sion, or gift taxes, nor taxes imposed upon your interest as ashareholder of a corporation which are paid by the corporationwithout reimbursement from you. No deduction is allowablefor any portion of foreign income taxes if a credit is claimedin item 19.

9. Interest paid.—Enter as item 9 the amount reported inSchedule I as interest paid on personal indebtedness.

10. Losses.—Enter as item 10 the total amount reported inSchedule J as losses by fire, storm, shipwreck, or other cas-ualty, or from theft, sustained during the taxable year and notcompensated for by insurance or otherwise, and losses sus-tained as the result of stocks or bonds or debts becomingworthless.

Losses from wagering transactions are allowable only tothe extent of the gains from such transactions.

No deduction is allowable for the amount of any item or partthereof allocable to a class of exempt income, other than inter-est. Items directly attributable to such exempt income shallbe allocated thereto, and items directly attributable to any

class of taxable income shall be allocated to such taxable in-come. A taxpayer receiving any exempt income, other thaninterest, or holding any property or engaging in any activitythe income from which is exempt shall submit with his returnas a part thereof an itemized statement, in detail, showing (1)the amount of each class of exempt income, and (2) theamount of items allocated to each such class (the amountallocated by apportionment being shown separately).

11. Total deductions.—Enter as item 11 the total of items7 to 10.

COMPUTATION OF TAX

12. Net income.—Enter as item 12 the amount of net in-come, which is obtained by deducting item 11 from item 6.

13. Earned income credit.—Enter as item 13 the amount ofearned income credit, which is 10 percent of the amount ofyour earned net income but not in excess of 10 percent of theamount of your entire net income.

"Earned income" means wages, salaries, professional fees,and other amounts received as compensation for personal serv-ices actually rendered, but does not include any amount notincluded in gross income, nor that part of the compensationderived by the taxpayer for personal services rendered by himto a corporation which represents a distribution of earnings"or profits rather than a reasonable allowance as compensationfor the personal services actually rendered.

"Earned income deductions" means such deductions as areallowed by section 23 of the Revenue Act of 1936 for the pur-pose of computing net income, and are properly allocable to orchargeable against earned income.

"Earned net income" means the excess of the amount of theearned income over the sum of the earned income deductions.If the taxpayer's net income is not more than $3,000, his entirenet income shall be considered to be earned net income, and ifhis net income is more than $3,000, his earned net income shallnot be considered to be less than $3,000.

For the purpose of determining the 10 percent limitationthe net income should include interest on an aggregate inexcess of $5,000 principal amount of United States SavingsBonds and Treasury Bonds; and interest on obligations of in-strumentalities of the United States (other than obligationsissued under the Federal Farm Loan Act, or under such Act asamended), reported in Schedule E.

The earned income credit allowable to each spouse in a jointreturn is the same as is allowable to each spouse in separatereturns; however, the earned income, earned income deduc-tions, earned net income, and net income of each spouse mustbe shown separately in the joint return.

14 and 15. Personal exemption and credit for dependents.—A single person, or a married person not living with husbandor wife, may claim a personal exemption of $1,000. A personwho, during the entire taxable year, was the head of a familyor was married and living with husband or wife, may claim anexemption of $2,500. if husband and wife file separate re-turns, the personal exemption may be taken by either or di-vided between them.

A "head of a family" is an individual who actually supportsand maintains in one household one or more individuals whoare closely connected with him by blood relationship, relation-ship by marriage, or by adoption, ahd whose right to exercisefamily control and provide for these dependent individuals isbased upon some moral or legal obligation.

In addition to the personal exemption, a credit of $400 maybe claimed for each person (other than husband or wife) under18 years of age, or incapable of self-support because mentallyor physically defective, who received his or her chief supportfrom the taxpayer. This credit may be allowed only to theperson who furnishes the chief support, and may not be di-vided between two individuals. Explain such credit in Sched-ule K, furnishing the name of each dependent, the relationshipbetween taxpayer and dependent, and the reason for support,if-the dffpftTuv'nt is cot under 18 yeacs of age.

2^1730*


1936


If the status of the taxpayer, insofar as it affects the per-sonal exemption or credit for dependents, changes during thetaxable year, the personal exemption and credit shall be ap-portioned in accordance with the number of months before andafter such change. For the purpose of such apportionment afractional part of a month shall be disregarded unless itamounts to more than half a month, in which case it shall beconsidered as a month.

LIABILITY FOR FILING RETURN16. An income tax return must be filed by every citizen of

the United States whether residing at home or abroad, andevery person residing in the United States, though not a citi-zen thereof, having a gross income for the calendar year 1936of $5,000 or over, or a net income for the same period of (a)$1,000 or over, if single, or if married and not living with hus-band or wife, or (b) $2,500 or over, if married and living withhusband or wife, or (c) more than the personal exemption ifthe status of the taxpayer changes during the taxable year.If the combined net income of husband and wife, includingthat of dependent minor children, if any, is $2,500 or over, orif their combined gross income is $5,000 or over, either eachmust make a return or the income of each must be included ina single joint return.

In order for a joint return to be filed by a husband and wife,both spouses must have had some income or deductions in theyear for which the return is filed, and the return must includethe income and deductions of both spouses. A joint return ofhusband and wife may be filed only if they were living to-gether at the close of their taxable year. (See Instruction 13for information with respect to earned income credit in a jointreturn.),

ITEMS EXEMPT FROM TAX17. The following items are exempt from Federal income

tax, except where otherwise indicated, and should not be in-cluded in gross income:

(a) Amounts received under a life insurance contract paidby reason of the death of the insured; whether in a single sumor in installments (but if such amounts are held by the insurerunder an agreement to pay interest thereon, the interest pay-ments shall be included in gross income);

(b) Amounts received (other than amounts paid by reasonof the death of the insured and interest payments on suchamounts and other than amounts received as annuities) undera life insurance or endowment contract, but if such amounts(when added to amounts received before the taxable yearunder such contract) exceed the aggregate premiums or con-sideration paid (whether or not paid during the taxable year)then the excess shall be included in gross income. Amountsreceived as an annuity under an annuity or endowment con-tract shall be included in gross income; except that there shallbe excluded from gross income the excess of the amount re-ceived in the taxable year over an amount equal to 3 percentof the aggregate premiums or consideration paid for such an-nuity (whether or not paid during such year), until the aggre-gate amount excluded from gross income equals the aggregatepremiums or consideration paid for such annuity;

(c) Gifts (not made as a consideration for service rendered)and money and property acquired by bequest, devise, or in-heritance (but the income derived from such property is tax-able and must be reported);

(-d) Interest upon (1) the obligations of a State, Territory,or any political subdivision thereof, or the District of Colum-bia, or United States possessions; or (2) obligations issuedunder the provisions or the Federal Farm Loan Act or undersuch act as amended; or (3) the obligations of the UnitedStates; or (4) obligations of instrumentalities of the UnitedStates (other than obligations issued under Federal FarmLoan Act or under such Act as amended), such .as FederalFarm Mortgage Corporation bonds, Home Owners' Loan Cor-poration bonds, etc. The interest on United States Savings

Bonds and Treasury Bonds, owned in excess of $5,000, and onobligations of instrumentalities of the United States (otherthan obligations issued under Federal Farm Loan Act or undersuch Act as amended) is subject to surtax if the surtax netincome is over $4,000. Such interest should be reported inSchedule E;

(e) Amounts received through accident or health insuranceor under workmen's compensation acts, as compensation forpersonal injuries or sickness, plus the amount of any damagesreceived, whether by suit or agreement, on account of suoh in-juries or sickness;

(f) The rental value of a dwelling house and appurtenancesthereof furnished to a minister of the gospel as part of hiscompensation;

(g) Compensation paid by a State or political subdivisionthereof to its officers or employees for services rendered inconnection with the exercise of an essential governmentalfunction; and

(h) Amounts received as earned income from sources with-out the United States (except amounts paid by the UnitedStates or any agency thereof) by an individual citizenof the United States who is a bona fide nonresident for morethan 6 months during the taxable year. The taxpayer in sucha case may not deduct from his gross income any amountproperly allocable to or chargeable against the amount soexcluded from his gross income.

GENERAL INFORMATION18. Affidavit.—The oath will be administered without cnarge

by any collector, deputy collector, or internal revenue agent.If an internal revenue officer is not available, the return shouldbe sworn to before a person authorized to administer oaths,except an attorney or agent employed to represent the tax-payer before the Department in connection with his'tax lia-bility.

The affidavit must be executed by the person whose incomeis reported or by his legal representative or agent. The re-turn may be made by an agent (1) if, by reason of illness,the person liable for the making of the return is unable tomake it, or (2) if the taxpayer is unable to make the returnby reason of continuous absence from the United States for aperiod of at least 60 days prior to the date prescribed by lawfor making the return. Whenever a return is made by anagent it must be accompanied by a power of attorney on Form935, or, in the case of husband and wife, on Form 936 (copiesof which may be obtained from the collector of internal reve-nue).

The joint return of husband and wife must be signed by bothspouses and sworn to by the spouse preparing—filling in—thereturn. If the return is prepared by both spouses, or is pre-pared by neither spouse, then both spouses must.swear to thereturn, except where one spouse acts for the other spouseunder a power of attorney submitted on Form 936.

19. Tax.—The tax may be paid at time of filing the return,or in four equal installments, payable quarterly, provided eachinstallment is paid on or before its respective due date. Ifany installment is not paid on the date fixed for payment, thewhole amount of tax unpaid shall be paid upsn notice and de-mand by the collector.

20. Penalty for willful failure to make and file a return ontime.—Not more than $10,000 or imprisonment for not morethan 1 year, or both, together with the costs of prosecution,and, in addition, 5 to 25 percent of the amount of the tax.

21. Penalty for willfully making a false or fraudulent re-turn.—Not more than $10,000 or imprisonment for not morethan 5 years, or both, together with the costs of prosecution;

22. FOR FAILURE TO FILE DUPLICATE INCOME TAXRETURN ON TIME THERE WILL BE ASSESSED $5,WHICH WILL BE PAYABLE UPON NOTICE BY THECOLLECTOR.


1936



(Auditor's Stunp)

PARTNERSHIP RETURN OF INCOME(TO BE FILED ALSO BY SYNDICATES, POOLS, JOINT VENTURES, ETC.)

For Calendar Year 1936Or Fiscal Year begun , 1936, and ended ,1937File ThU Return Not Uter Than the fifteenth Day of the Third Month Following the dose of the Taxable Year

PRINT PLAINLY NAME AND BUSINESS ADDRESS OF THE ORGANIZATION

(NameJ

(Street and number)

(Post office) (County) (State)

Business or Profession

Nature of OnaruntHHl(Partnership, syndicate, pool, joint venture, etc )

| Date of Organintion


FileCode

Serial

District ,

1. Did any person or persons n d W the organization in respect of any qua•etually prepare this return for the organization? . . . . .

the organization and the items or schedules In respect ofwhicn the assistance or«f the information reported in this return and the manner in which it was furou

or matter affecting an? item or scus and state the nature and eitent of the assistance or advice received by

to or obtained by such personwas actually prepared by an:or persons (see Instruction 30)lar year 1938? (Answer "ye=" or "no")"....

J. Gross Receipts from Busin

GROSS INCOMEis or Profession _

2. Less Cost of Goods Sold:(a) Inventory at beginning of year

m Schedule A)

3. Gi

4. In.

(6) Merchandise bought for sal

(e) Cost of labor, supplies, etc.

(d) Total of lines (a), (6), and (c) _ _

(e) Less inventory at end of year™ „ -

:>es Profit from Business or Profession (Item l minus Item 2) . . . . . .

ome (or Loss) from Other Partnerships, Syndicates, Pools, e t c (state separatei

5. Interest on Bank Deposits, Notes, Corporation Bonds, etc. (except intere n tax-free covenant bonds), j

6. Interest on Tax-free Covenant Bonds upon which a Tax w

} . Bents „

8. Royalties

©.. Capital Gain (or Loss). (From Schedule B) at capital lqss. this amount may not ex

10. Dividends. (From Schedule I) _

11 . Other Income (state nature end source of Income):

(o) _„ . . ~

12. TOTAL INCOME IN ITEMS 3 TO 11.

DEDUCTIONS

13. Salaries Of Employees. (Do not Include eompenrstion for partners or members.)

14. Rent on Business Property

15. Repairs. (From Schedule C) _

16. Interest on Indebtedness. (Explain in separate schedule)

17. Taxes paid. (From Schedule D)

ined to be worthless during ti (Explain oi

20. Contributions. (Explain in separate schedule)

21. Depreciation (resulting from exhaustion, wear and tear, or obsolescence). (From Schedule O)

22. Other Deductions Authorized by Law (including stock determined to be worthless during taxableyear) (explain below or on separate sheet): - ...

TOTAL DEDUCTIONS IN ITEMS 13 TO 22._._ _

N E T INCOME (Item 12 minus Item 23) _...:21ZI^1I1Z1^^.

PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS(See Instruction 25)

(Designate nonresident aliens, if any)

Note.—Where return of partner or member is filed in another collection district, specify district

(o)

(6)

(d)

(e)

CO(g) _

TOTALS _

"rltzr 3-EARNEDINCOME ^ 1 1 1 ™$

$

LI

$.

S

$

F°°E1i£SFf

$

$

——


1936


SCHEDULE A—COST OF LABOR, SUPPLIES, ETC. (gee Instruction Z)

Labor

Supplies

ITEK3 AMO.KT

S

To TAL (enter is Ite

ITEM,

m 2 (<•))_._

AMO^-T

$ _ .

$_

- -

• (a) 1 year or h » :

• (b) Over I year but notever 2 years:

• (c) Over 2 years but not

• (d) Over 5 vears but notover 10 years:

• (e)iOver JO years:

SCHEDULE B—CAPITAL GAINS

A/o. Day Ynr Mo. Day Year

AND LOSSES (FROM SALES OR

t T{

5. COST OK MARCH I,

«ate basis) ••

6. COST or Iii-

EXCHANGES ONLY) (f

7 A?S&W

c e l l struotio

8. PER-

•§S-

100

80

60

40

30

n 9)

a. GAINS b. LOSSES

if the Revenue Act of 19;

*In reporting sales or exchanges of capital assets attach separate schedule, if necessi••Costof property must be entered in Column 5 if a loss is claimed in Coiumn 8.For basis of property acquired after February 28, 1913, see Section 113(a) (13) of theEtate (1) how and from whom property was acquired,. . . . . . . . . . . . . . . . . „ ,

if any, of purchaser to partnership or any member thereof ,Every sale or exchange of stock should bo reported in detail, including name and address of corporation, class of s

stock rights, etc.).

i S periods, and transfer gains and losses for each period to Colui]

of shares, capital changes affecting basis (stock dividends, other no

ss relationship,

ible dividends.

SCHEDULE C—COST OF REPAIRS

,. !„„(Sc e Instructio

( I

$

n

I15)

eJasTtem 15)

SCHEDULE D—TAXES PAID

1. ITEMS


(Enir^ ODNT

SCHEDULE E—EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM. ETC. (gee Instruction 18)

2. DATE ACQUIRED 3. COST

*

hSSSSSS

$

ACQUISITION 1 8

" -1 ?

»0 E V A L t

- E

3 '

!

$_ ......

State how property was acquired ..SCHEDULE F—EXPLANATION OF DEDUCTION FOR BAD DEBTS (See Instruction 19)

(b) .__

id) ._

YEAH

1933

1934

1935

1936

NETlSCOME

S

SCHEDULE G—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Ins

C H

2 1 )

OUXT

. . . . . .

I U O D E B T *

$ 1

^ w ^ o f w W c h 6 A 2 C O ^ E 0DATE (Indicate basis)

$ I M $" rr:: i r~

7. LWE USED

lI

...1

BissauS

SCHEDULE H—INTEREST ON GOVERNMENT OBLIGATIONS, ETC. (See Instruction 26)

(a) Obh'gations of a State, Territory, or any political subdivisio

[6) Obligations issued under the provisions of the Federal Fan

i thereof, or th

a Loan Act, or

(d) Treasury notes, Treasury bills, and Treasury certificates of indebtedness.

(e) U. S. SaviDgs Bonds and Treasury Bonds

(/) Obligations of instrumentalities of the United States (other than obligatio

3 District of Columbia,

under such act as ame

DS to bs reported in (b)

jr U. S. possessions. $

above) |.

s —

SCHEDULE I—INCOME FROM DIVIDENDSItemize all dividends received during the year, stating amounts and names and addresses of corporations declaring the dividends:

AFFIDAVIT (See Instruction 30)I ewear (or affirm) that this return (including its accompanying schedules and statements, if any) has been examined by me, and, to the best of my knowledge

and belief, is a true, correct, and complete return, made in good faith, for the accounting period stated, pursuant to the Revenue Act of 1936 and the Regulationsi d t h d

(Signature of officer at

AFFIDAVIT (See Instruction 30)I/we swear (or affirm) tha t I/we prepared this return for the organization named herein and tha t the return (including" its accompanying schedules and

statements , if any) is a t rue, correct, and complete s tatement of all the information respecting the income tax liability of the person for whom this return hasbeen prepared of which I/we have any knowledge.

Subscribed and sworn to before me this : — day of . , 193—

I SEAL. I ^'(Signature oj officer administering ofttb) (Title) —

(Signature of person preparing th

(Signature of person preparing the return)


1936


INSTRUCTIONSTbe Instructions Nnmbered 1 to 25 Correspond with the Item Numbers on the First Page of the Return

Subsequent improvements include expenditures for additions, improvements,id repairs made to restore the property or prolong its useful life. Do not

deduct ordinary repairs, interest, or taxe3 in computing gain or loss.No loss shall be recognized in any sale or other disposition of shares of stock• securities where the organization ha3 acquired substantially identical stock• securities within 30 days before"or after the date of such sale or disposition,iless the organization is engaged in the trade or business of buying and selling

stocks and securities.No deduction shall be allowed in respect of losses from sales or exchanges of

property, directly or indirectly, (A) between members of a family, or (B) exceptin the case of distributions in liquidation, between an individual and a corpora-tion in which such individual owns, directly or indirectly, more than 50 per-cent ia value of the outstanding stock. For the purpose cf thi3 paragraph*—(C) an individual shall be considered as owning the stock owned, directly orindirectly, by his family; and (D) the family of an individual shall include onlyhis brothers and sisters (whether by the whole or half blood), spouse, ancestors,and lineal descendants.

Tho provisions of tho Revenue Act of 1934 relating t o capital gains and

Sec. 117. (a) Central rule.—In the easa of a taxpayer, other than a corporation, onl7 tiw Wlowin*percentages of the gala or loss rncognlzod upon the sale or exchange of a capital asset shall be takon Into

Describe the business or profession in the space provided at the top of page 1,and enter as item 1 on page 1 of the return the gross receipts from sales or serv-ices, less any discounts or allowances from the sale price or service charge.

Farmer's income schedule.—If the organization operates a farm and keepsno books of account, or keeps books on a cash basis, obtain from the collectorand attach to this return Form 1040F, Schedule of Farm Income and Expenses,and enter tho net farm income as item 3 on page 1 of this return. If the farmbooks of account are kept on an accrual basis, the filing of Form 1040F isoptional.

Installment sales.—If tho installment method ia used, attach to the returna schedule showing separately for the taxable years 1932, 1933, 1934, and 1935the following information: (a) Gross sales; (6) cost of goods sold; (c) grossprofits; (d) percentage of profits to gross sales; (e) amount collected; and (/)gross profit on amount coUected. Sea section 44 of the Revenue Act of 1934.

2. COST OF GOODS SOLD

Enter as item 2 the information requested in lines (a) to («), and list inSchedule A on page 2 of the return the principal items of cost included in theamount entered on line (c), the minor items to be grouped in one amount.

Inventories.—If the production, purchase, or salo of merchandise is anincome-producing factor in the trade or business, inventories of merchandise onhand should be taken at the beginning and end of tho taxable year. Enter"C", or "C or M ", on Iine3 (a) and (c) to indicate whether the inventories arevalued at cost, or cost or market, whichever ia lower.

3. GROSS PROFIT

Enter as item 3 the gross proBt derived from the business or profession, whichis obtained by deducting item 2, the cost of goods cold as extended, from item 1,tha gross receipts.

4. INCOME (OR LOSS) FROM ANOTHER PARTNERSHIP. ETC.

Enter as item 4 the share of the profits (whether received or not) (or of thelosses) of another partnership, syndicate, pool, joint venture, etc., except thattha share of dividends on stock of domestic corporations shall be Included initem 10 (a) and/or (6) on page 1 of the return, and interest on obligations ofthe United States, etc., shall be reported in Schedule H, page 2 of the return.

If the accounting period on the basis of which this return is filed does notcoincide with tho annual accounting period of another partnership, syndicate,pool, etc., from which income is received, there should be included in this returnthe distributive share of the net profits (or losses) for the accounting period ofeuch partnership, syndicate, pool, etc., ending within the accounting period forwhich this return is filed.

5. INTEREST ON BANK DEPOSITS, ETC.

Enter as item 5 all interest received or credited to the account of the organiza-tion during the taxable year on bank deposits, notes, mortgages, and corpora-tion bonds, except interest on boad3 upon which a tax was paid at tha source.Interest on bonds is considered income when duo and payable.

6. INTEREST ON TAX-FREE COVENANT BONDS

Enter as item 6 interest on bonds upon which a tax was paid at the sourceby the debtor corporation, if an ownership certificate on Form 1000 was filed

- with the interest coupons. The tax of 2 percent paid at the source on suchinterest should be allocated to the partners or members in column 6 of item 25,page 1 of the return.

7. RENTS

Enter as Hem 7 the gross amount "received for the rent of property. Anydeductions claimed for repairs, interest, taxes, and depreciation should beincluded in items 15,16, 17, and 21, respectively.

If property or crops were received in lieu of cash rent, report the income asthough the rent had been received in cash. Crops received as rent on a crop-share basis ehould be reported as income for tho year in which disposed of,unless this return shows income accrued.

8. ROYALTIES

Enter as item 8 the gross amount received as royalties. If a deduction isclaimed on account of depletion, it should be included in item 22. See sections23 (m) and 114 of the Revenue Act of 1934.

9. CAPITAL GAINS AND LOSSES

Report sales or exchanges of capital assets in Schedule B and enter the netamount of gain or loss to bo takon into account in computing net income asitem 9. (CAPITAL LOSSES ARE ALLOWABLE ONLY TO THE EXTENTOF $2,000 PLUS CAPITAL GAINS.) Describe the property briefly, andstate the price received or tho fair market value of the property received inexchange.

If the property sold or exchanged was acquired prior to March 1, 1913, thebasis for determining GAIN is the cost or the fair market value as of March 1,1913, adjusted as provided in section 113 (b) of the Revenue Act of 1934, which-ever is greater, but in determining LOSS the basis ia cost so adjusted. If theproperty was acquired after February 28, 1913, and the basis is not otherwisedetermined under any of the paragraphs (1) to (12), inclusive, of section 113(a) of the Revenue Act of 1934, then the basis shall be the samo as it wouldbe in the hand3 of the transferor, increased in the amount of gain or decreasedin the amount of loss recognized to the transferor upon such transfer undertha law applicable to the year in which the transfer was made. If the propertywas distributed in kind by a partnership to any partner, the basis of such prop-erty in tho hands of the partner shall bs such part of the basis in his hands ofhis partnership interest as is properly allocable to such property. (See section113 of the Revenue Act of 1934.) If the amount shown as cost is other thanactual cash cost of the property sold or exchanged, full details must bo fur-nished regarding the acquisition of the property.

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,or depletion which has been allowed (but not less than the amount allowable)in respect of such property since date of acquisition, or since March 1, 1913, ifthe property was acquired before that date. In addition, if the property wasacquired before March 1, 1913, the cost shall be reduced by the depreciationactually (sustained before that date.

er cantu rn ii ine capital asset oas oeen neia IOT more man i yeaer centum if tha capital asset has been held for moro than 6 yoaier centum if the capital asset has been held for more than 10 yeDefinition of capital asset).—For the purposes of this titlo, "ca

ut not for more than 1 yebut not for more than 6 yeut not for more than 10 ye

<b) Definition of capital asset).—For the purposes of this titlo, "capital assetby tho taxpayer (whether or not connected wiih bis trade or business), but does iof the topaycr or other property of a kind which would properly be includedtaxpayer if on hand at the close of the taxable year, or proporty held by the tato cusiomers in the ordinary course of his trade or business.

i»\ n.i~*,s»*u~n of period for which held.—for the purposo of subsection (a)—; the period for which the taxpayer has held property received on an exchange th> period for which he held the property exchanged if under the provisions of sectived has, for tbe purpose of determining gain or loss from a sale or exchange, the sa113 the property received has, fo

basis in whole or in part in his h(2) In determining tho period

be included tho period for which such propel.,section 113, such property has, for the purpose of doteibask in whole or la part in his hands as it would *•-

(3) In d e t r m i i n g thi whole or la part in his hands as it would have in the ii determining the period for which the taxpayer hasitloa where no gain was recognized to the (distributee.

bask in whole or la part(3) In determining the

distribution where no gain was recognized to tbe distributee uiid

of this Act or section 118 of tbe Revenue Act of 1928 or the Revonuo Act pf 1932the loss from the sale or other disposition of substantially Identical stock oi—,._,.,.. , . . . . . -eld the stock or securities the loss from the iiluded the period foi»aich w a s - - -•-•••—

(d) Limb »«».—Losses from silea or exchanges of capital assets *hhe gains from such sales or exchanges. • * •hori sola, €tc.—For the purpose of this title—• - • • ; y shall be considered as gains ot 1

(e) Oains nni lot(1) gains or loss.. — - . — j - - • - -(2) gains or losses attributable to the failure to exercise privileges or options to bny or sell proper

be considered as gains or losses from sales or exchanges of capital assets held for one year or less.,~ ^ ?, . . . . . ^ „_- .^ J°thla t f t |£ tmo!Uits rec8 ived b , &. boMef U|

)sses from saes or other evidences o

corporation (including those issued by a government oi political subdivision thereof), with Interestcoupons or in registered form, shall be considered as amounts received ia exchange therefor.

Notwithstanding the provisions of section 117 (a) above, 100 percent ofthe gain resulting to the distributee from distributions in Uquidation of a cor-poration shall be taken into account in computing net income. (See section115 (c) of the Revenue Act of 1934.)

SECTION 117 APPLIES ONLY TO GAINS AND LOSSES UPON T H ESALE OR EXCHANGE OF CAPITAL ASSETS AND, THEREFORE, H A SNO APPLICATION TO LOSS OF USEFUL VALUE UPON T H E PERMA-NENT ABANDONMENT OF THE USE OF PROPERTY OR LOS9SUSTAINED AS THE RESULT OF CORPORATE STOCK O E DEBTSBECOMING WORTHLESS.

10. DIVTOENDS

Describe in detail in Schedule I all dividends received during the taxable year.Enter as item 10 (a) dividends from a domestio corporation which is subject

to taxation under Title I of the Revenue Act of 1934 (other than a corporationentitled to the benefits of section 251 of the Revenue Act of 1934 and other thana corporation organized under the China Trade Act, 1922), including the sharaof such dividends received on stock owned by another partnership, syndicate,pool, etc. Enter as item 10 (&) dividends from a domestic corporation whiob.is not subject to taxation under Title I of the Revenue Ast of 1934 (such aaa building and loan association, etc.). Enter as item 10 (c) dividends from aforeign corporation and dividends from a corporation entitled to the benefitsof section 251 of the Revenue Act of 193-1 and a corporation organized underthe China Trade Act, 1922.

11. OTHER INCOME

ible income for which no space is providedEnter all oth.a3 item 11 aelsewhere on page 1 of the retur

12. TOTAL INCOME

Enter us item 12 the net amount of items 3 to 11, inclusive, after deductingany losses reported in items 3, 4, and 9.

13. SALARIES

Enter as item 13 all salaries and wages not included as a deduction in line (c)of item 2; except compensation for partners or members, which shall not baclaimed a* a deduction in this item or elsewhere on the return.

11. RENT

Enter as item 14 rent on business property in which the organization haa noequity. Do not include rent for a dwelling occupied by any partner or memberfor residential purposes.

15. REPAIRS

Enter as item 15 the cost of ordinary Tepairs to keep the property in a usablecondition, including labor, supplies, and other items which do not appreciablyadd to the value or life of the property. Do not include expenditures for thacost of replacements or permanent improvements t o property, nor the cost ofbusiness equipment or furniture. List in Schedule C the principal items of cost,grouping the minor items in one amount.

16. INTEREST

Enter as item 16 interest on business indebtedness to others. D o not includeinterest on capital invested in or advanced to the business by any partner ormember, nor interest on indebtedness incurred or continued to purchase or carryobligations (other than obligations of the United States issued after September24, 1917, and originally subscribed for by the taxpayer) the interest uponwhich is wholly exempt from taxation.


1936

STATISTICS OF INCOME 16317. TAXES

Enter as item 17 taxes on business property OT for carrying on business.Do not include taxes assessed against local benefits tending to increase thevalue of the property assessed, as for paving, etc., Federal income taxes, norestate, inheritance, legacy, succession, and gift taxes, nor taxes entered incolumn 6 of item 25, page 1 of the return. List in Schedule D each class oftaxes deducted.

18. LOSSES BY FIRE, STORM, ETC.

Enter as item 18 losses sustained during the year, if incurred in the tradeor business, or of property not connected with the trade or business, if arisingby fire, storm, shipwreck, or other casualty, or from theft, and not compen-sated for by insurance or otherwise. See section 23 (e) of the Revenue Actof 1936. Explain such losses in Schedule E.

19. BAD DEBTS

Enter as item 19 debts, or portions thereof, arising from sales or servicesthat have been reflected in income, which have been definitely ascertained tobe worthless and have been charged off within the year, or such reasonableamount as has been added to a reserve for bad debts within the year.

If the debts are included in the deduction claimed, state in Schedule F online (a) of what the debts consisted, line (6) when they were created andwhen they became due, line (c) what efforts were made to collect, and line (d)how they were actually determined to be worthless.

If the amount deducted is an addition to a reserve, enter on the lines pro-vided in Schedule F the amounts charged on account, and the bad debts•charged off, for each of the past 4 years.

A debt previously charged off as bad, if subsequently collected, must bereturned as income for the year in which collected.

20. CONTRIBUTIONS

Enter as item 20 contributions or gifts made within the taxable year to orfor the use of: (a) The United States, any State, Territory, or any politicalsubdivision thereof, or the District of Columbia, for exclusively public pur-poses; (6) any corporation, or trust, or community chest, fund, or foundation,organized and operated exclusively for r.eligious, charitable, scientific, lit-erary, or educational purposes, or for the prevention of cruelty to children oranimals, no part of the net earnings of which inures to the benefit of anyprivate shareholder or individual, and no substantial part of the activities of•which is carrying on propaganda, or otherwise attempting, to influence legis-lation; (c) the special fund for vocational rehabilitation authorized by section12 of the World War Veterans' Act, 1924; (d) posts or organizations of warveterans, or auxiliary units or societies of any such posts or organizations, ifsuch posts, organizations, units, or societies are organized in the UnitedStates or any of its possessions, and if no part of their net earnings inures tothe benefit of any private shareholder or individual; or (e) a fraternal society,order, or association, operating under the lodge system, but only if such con-tributions or gifts are to be used exclusively for religious, charitable, scien-tific, literary, or educational purposes, or for the prevention of cruelty tochildren or animals. The amount claimed shall not exceed 15 percent of theorganization's net income computed without the benefit of this deduction.List organizations and amounts contributed to each in a separate schedule.

2X. DEPRECIATION

The amount deductible on account of depreciation in item 21 is an amountreasonably measuring the portion of the investment in depreciable propertyby reason of exhaustion, wear and tear, or obsolescence, which is properlychargeable against the operations of the year. If the property was acquiredby purchase on or after March 1, 1913, the amount of depreciation should bedetermined upon the basis of the original cost (not replacement cost) of theproperty, and the probable number of years remaining of its expected usefullife. In case the property was purchased prior to March 1,1913, the amountof depreciation will be determined in the same manner, except that it will becomputed on its original cost, less depreciation sustained prior to March 1,1913, or its fair market value as of that data, whichever is greater. If theproperty was acquired in any other manner than by purchase, see section 114of the Revenue Act of 1936. The capital sum to be recovered should becharged off ratably ever the useful life of the property. Whatever plan ormethod of apportionment is adopted must be reasonable, must have dueregard to operating conditions during the taxable year and should bedescribed in the return.

If a deduction is claimed on account of depreciation, fill in Schedule G. Incase obsolescence is included, state separately amount claimed and basis uponwhich it is computed. Land values or cost must not be included in the sched-ule, and where land and buildings were purchased for a lump sum the cost ofthe buildings subject to depreciation must be established. The adjusted prop-erty accounts and the accumulated depreciation shown in the schedule shouldbe reconciled with those accounts as reflected on the books of the taxpayer.(See sections 23 (I) and 114 of the Revenue Act of 1936.)

Do not claim any deduction for depreciation in the value of a buildingoccupied by any partner or member as a dwelling, or of other property heldfor personal use, nor on stocks, bonds, and like securities,

22. OTHER DEDUCTIONS

Enter as item 22 any other authorized deductions for which no space is pro-vided elsewhere on page 1 of the return. Do not deduct losses incurred intransactions which were neither connected with the trade or business norentered into for profit. No deduction is allowable for the amount of any itemor part thereof allocable to a class of exempt income, other than interest.Items directly attributable to such exempt income shall be allocated thereto,and items directly attributable to anyclass of taxable income shall be allocatedto such taxable income. An organization receiving any exempt income, otherthan interest, or holding any property or engaging in any activity the incomefrom which is exempt shall submit with its return as a part thereof an item-ized statement, in detail, showing (1) the amount of each class of exemptincome, and (2) the amount of items allocated to each such class (the amountallocated by apportionment being shown separately).

23. TOTAL DEDUCTIONS

Enter as item 23 the total of items 13 to 22, inclusive. Do not includeany deduction claimed in Schedule A or B.

24. NET INCOME

Enter as item .24 the net income, which is obtained by deducting item 23from item 12. The net income of the organization shall be computed uponthe basis of its taxable year in accordance with the method employed inkeeping the books, unless such method does not-clearly reflect the income.

25. PARTNERS' OR MEMBERS' SHARES OF INCOME AND CREDITS

Enter the names and addresses of the partners or members on lines (a),(6), (c), etc., in column 1 of item 25, page 1 of the return, and extend in theproper columns each partner's or member's shares of the net income whetherdistributed or not. Item 25 should also sliow complete information withrespect to all members of the partnership, syndicate, group, etc., having anyinterest during any portion of the taxable year.

Earned income.—Enter in column 3 the proper part of each partner's ormember's distributive share of the organization's net income which consists

of earned income. Such part cannot exceed a reasonable allowance as com-pensation for personal services actually rendered by the partner or memberin connection with the organization's business. In the case of an organizationwhich is engaged in a trade or business in which capital is a material income-pToducing factor and in the trade or business of which the partner or memberrenders personal services which are material to the earning of the organiza-tion's income, the earned income of the partner or member from the organ-ization is a reasonable allowance as compensation for the personal servicesactually rendered by him, but not in excess of 20 percent of his share of thenet profits of the organization (computed without deduction for so-calledsalaries to partners or members).

Credit for taxes.—If interest was received on tax-free covenant bonds inconnection with which an ownership certificate on Form 1000 was filed, thetax of 2 percent paid at the source on such interest should be allocated to the

If income tax paid to a foreign country or a possession of the United Statesis entered in column 6, submit Form 1116 with this return with a receipt foreach such tax payment. In case the amount entered in column 6 includesforeign taxes accrued but not paid, attach to the form a certified copy of thereturn on which the taxes were based. The Commissioner may require thepartners or members to give a bond on Form 1117 for the payment of anyadditional tax found due if the foreign tax when paid differs from the amountclaimed.

26. INTEREST ON GOVERNMENT OBLIGATIONS, ETC.

Enter on the proper lines in column 2 of Schedule H the amount of obliga-tions or securities owned at the end of the year, including the share of suchobligations owned in another partnership, syndicate, group, etc., and in col-umn 3 the interest received or accrued thereon during the year. Eachpartner or member should be advised as to the amount of his share of theseobligations and of the interest, in order that he may include this informationin his individual income tax return and determine whether such interest issubject to tax.

27. RETURNS BY PARTNERSHIPS, ETC.

Every domestic partnership (including syndicates, groups, pools, joint ven-tures, or other unincorporated organizations, through or by means of whichany business, financial operation, or venture is carried on, and which are not,within the meaning of the Revenue Act of 1936, trusts, estates, or corpora-tions) and every foreign partnership, syndicate, pool, etc., doing businesswithin the United States or in receipt of income from sources therein regard-less of the amount, shall make a return of income on Form 1065 for the calen-dar year 1936 or for a fiscal year begun in 1936 and ended in 1937. (See sec-tion 1001 (a) (3) and Supplement F of the Revenue Act of 1936.) If thisreturn is filed on behalf of a syndicate, pool, joint venture, or similar group,a copy of the operating agreement should be attached to this return.

28. PERIOD TO BE COVERED BY RETURN

anizati shall make its returnounting period imme-issioner, a change is

Except in the case of the first return the oon the basis upon which the return was made fordiately preceding unless, with the approval of thmade in the accounting period.

If the organization desires to change its accounting period from fiscal yearto calendar year, from calendar year to fiscal year, or from one fiscal year toanother fiscal year, an application for such change shall be made on Form1128 and forwarded to the collector prior to the expiration of 30 days from theclose of the proposed accounting period.

29. ACCRUED OR RECEIVED INCOME

If the books of account are kept on an accrual basis, report all income ac-crued, even though it has not been actually received or entered on the books,and expenses incurred instead of expenses paid.

If the books are not kept on the accrual basis, report all income received orconstructively received, such as bank interest credited to the account of theorganization, and expenses paid.

30. AFFIDAVITS

Partner or member.—The return shall be sworn to by any one of the part-ners or members. If receivers, trustees in bankruptcy, or assignees are incontrol of the property or business of the organization, such receivers, trus-tees, or assignees shall execute the return under oath.

Where return is prepared by someone other than the organization.—Ques-tion 1 on page 1 of the return should be answered fully, and where the returnis actually prepared by some person or persons other than the organization,such person or persons must execute the affidavit at the foot of page 2 of the

An attorney or agent employed to represent the organization before theDepartment in connection with tax matters is not permitted to administer theoath.

31. WHEN AND WHERE THE RETURN MUST BE FILED

The return must be filed on or before the fifteenth day of the third monthfollowing the close of the taxable year with the collector of internal revenuefor the district in which the organization has its principal office or place ofbusiness. The return for a foreign partnership, syndicate, pool, etc., shall befiled on or before the fifteenth day of the sixth month following the close ofthe taxable year, and if such foreign organization does not have any principalplace of business or principal office or agency in the United States, the returnshall be filed with the Collector of Internal Revenue, Baltimore, Maryland.

The collector may grant a reasonable extension of time for filing a return,not to exceed 6 months, if application therefor is made before the date pre-scribed by law for filing such return, whenever in his judgment good causeexists.

32. PENALTIES

For willful failure to n ske a return on time.—Not more than $10,000 orimprisonment tor not more than 1 year, or both, together with the costs of

For willfully attempting to evade or defeat payment of the tax.—Not morethan $10,000, or imprisonment for not more than 5 years, or both, togetherwith the costs of prosecution.

33. INFORMATION AT SOURCE

Every partnership, syndicate, pool, etc., is required to make a return onForms 1096 and 1099 with respect to amounts paid, credited, or distributedduring the calendar year (a) as salaries or other compensation for personalservices (except salaries paid to the partners or members), totaling $1,000 ormore in the case of a citizen or resident who is not married or whose maritalstatus is unknown, or $2,500 or more in the case of a married citizen or resi-dent, or (6) as interest, rent, or other fixed or determinable income totaling$1,000 or more, to a fiduciary, a domestic or resident partnership, syndicate,pool, etc., or a citizen or resident. The forms will be furnished by any col-lector of internal revenue upon request. Such l-eturns covering the calen-dar year 1936 must be forwarded to the Commissioner of Internal Revenue,Sorting Section, Washington, D. C, in time to be received not later thanFebruary 15, 1937.


1936


RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURNForm 1120

TREASURY DEPARTMENT

(AwUtofaSUmp)

CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNFor Calendar Year 1936

or Fi .ca l Ye«r begun 1936, a n d .nded 1937

(Street and camber)

It it EuentUI, Except Where Otherwise Prorided in the (infraction!. That ThU Form b . CoopWterj FiBedIn Irreapectire of Anj SUtementi, Schedules, or Reports Submitted Herewith

SerialNumber

C u b

$

Page 1 of Return

<CaeMer'.SUmp>

Cheek M.O. Ort-eflna.

FlntPajment

EXCESS-PROHTS TAX COMPUTATION

Item No.1. Value of capital stock as declared in your capi-

tal-stock tax return for year ended June iO,1936 (or your capital-etock tax return for yearended June 30, 1937, if your income tax fiscalyear began in 1936 and ended on or after July31, 1937) . . . . :

2. Net income for excess-profits tax computation(item 27, page 2).

3. Lear.' Dividends received credit (85 percent ofitem 12 (a), page 2)...

4. Balance of net income.

fi. Less: 10 percent of item 16. Net income subject to excess-profits tax (carry

forward as item 7)

$

$

$

$.. ..

Item No.7. Net income subject to excess-profits tax

(amount erf item 6) : _-.

8. Amount taxable at 6 percent (item 7 or 5 per-cent of item 1, whichever is less)

9. Amount taxable at 12 percent (item 7 minusitem 8)

10. Excess-profits tax at 6 percent (6 percent ofitem 8) _v.

11. Excess-profits tax at 12 percent (12 percent ofitem 9) 1 .

12. Total excess-profits tax (total of items. 10 and11)

$

$

S

$lurwaru as nejii t) _ . ^NOTE.—Where an affiliated group of railroad corporate

which is liable for the making of an excess-profits tax return

INCOME TAX COMPUTATION

NORMAL TAX *

13. Net income for income tax computation (item 29, page 2) .

14. Less: Interest on obligations of United States, etc. (item 8, page 2)

15. Dividends received credit (85 percent of item 12 (a), page 2) (thiscredit not allowed to mutual investment companies)

16. Dividends paid credit (this credit allowed.only to mutual investment

$_

17. Normal-tax net income (item 13 minus items 14 and 16 or 14 and 16)

18. Tax on portion of item 17 not in excess of $2,000

19. Tax on portion of item 17 in excess of $2,000 and not in excess of$15 000

20. Tax on portion of item 17 in excess of $15,000 and not in excess of$40,000 , .

21. Tax on portion of item 17 in excess of $40,000

Portion of It«m J7

22. TOTAL NORMAL TAX (Amount of tax in items 18 to 21, inclusive)* QForeign corporations engaged in trade or business within the Unitec

are taxable at ihe rate of 22 percent on item 17, and D certain banks andentitled to the benefits of Section 251 of the Revenue Act of 1936, D corpcand D insurance companies are taxable at the rate of 15 percent on item 1"inclusive, above. In such cases the amount of tax should be entered as itetcated by a check mark (V) in the appropriate box space in this note.

SURTAX ON UNDISTRIBUTED

(See Instruction 3£ respecting corporations ex

28. Net income for surtax computation (item 29, page 2)._

24. Lees: Normal tax (item 22, above)

25. Interest on obligations of United States, etc. (item 8, page 2).

26. Credit allowable to holding company affiliate (s«e Instruction

27. Credit allowable to national mortgage association (see Instruct

28. Adjusted net income (item 23 minus items 24-27)

29. Less: Dividends paid1 credit (see Instruction 35)

30. Credit for contracts restricting dividend payments (see 1 nstruc

31. Undistributed net income (item 28 minus items 29 and 30)

33)..

on 341

on 36)

Rate

8%

1 1 %

13%

15<&

$.

$

$ _ . .

States or having an orust companies (see Irations organized und, instead of at the rata 22, and the taxpaye

PROFITSetnpi from surtax)

s I

ffice or place of business thereinnstruction 31), • corporationser the China Trade Act, 1922,•es prescribed in items 18 to 21,r's classification should be indi-

: :

E:±:32. Less: Specific credit allowable only where adjusted net income (item 28, above) i

(item 31 or $5,000, whichever is less, minus 10% of item 28) (see Instruct

33. Remainder subject to surtax (item 31 minus item 32)

34. Tax on portion of item 33 not in excess of 10% of item 2835. Tax on portion of item 33 in excess of 10% and not in excess of 20';

of item 2836. Tax'on portion of item 33 in excess of 20% and not in excess qt 40%

of item 2837. Tact on portion of item 33 in excess of 40% and not in excess of 60%

of item 28 •.

38. Tax on portion of item 33 in excess of 00% of itor.i 2S 4

39. Amount of tax in items 34 to 38, inclusive

less tlon 37).

an S50,000

Portion of Item 33

$

Rule

7%

12%

2 2 %

27%

40. Plus: 7% of amount of specific credit (item 32)

$

$

$

$

$

$

—

41. TOTAL STTRTAX (item 39 plus item 40)

42. TOTAL NORMAL TAX AKD SURTAX (item 22 phis item 41)

43. Less: Income tax paid to a foreign country or United States po

44. BALANCE OF TAX (item 42 minus item 43")

ssession by a domestic corporation (see Instruction 38)

$

$—


1936

STATISTICS OF INCOME 205Page 2 of Return

Date of incorporation Under the laws of what State or country _ „

The corporation's books are in care of Located at

Kind of business (in detail) _ Is this a consolidated return of railroad corporations? If so,

of how many corporations?

If this is not a consolidated income tax return of railroad corporations, did the corporation at any time during its taxable year own

50 percent or more of the voting stock of another corporation or corporations? _ If so, attach separate schedule show-

ing with respect to each corporation: (1) name and address of corporation, (2) percentage of stock owned, (3) date stock was acquired,

and (4) the collector's office in which the corporation's income tax return for the taxable year was filed.

Is the corporation a personal holding company within the meaning of Section 351 of the Revenue Act of 1936? (If so,

an additional return on Form 1120H must be filed.)

Did the corporation make a return of information on Forms 1096 and 1099 (see Instruction 46) for the calendar year 1936? .(Answer "yes" or "m>">

NET INCOME COMPUTATION

GROSS INCOME

(b) Material

(c) Mi

merchandise bought for

iscellaneous costs (fr0 ) Salaries and

wages, $

m Schedule A, Colum(2) Other

; costs, $

1):

; Total.J

(d) Total of lines (a), (6), and (e)

(a) Less inventory at end of year.

3. Gross Profit from Sales (Item 1 minus Item 2)

4. Gross Receipts (where inventories are not an income-detern

fi. Less cost of operations (from Schedule A, Column 2):(a) Salaries and (6) Other

wages, $ ; costs, $ __

6. Gross Profit where inventories are not an income-determining factor (Item 4 minus Item 5)

7. Interest on Loans, Notes, Mortgages, Bonds, Bank Deposits, etc

8. Interest on Government obligations, etc. (from Schedule M, Lines 4 (a) (6) »nd (7))

9. Rents .-. _

JO. Royalties : , „ _

11. Capital Gain or Loqs (from Schedule B) (If loss, enter such loss or $2,000, whichever is less)

12. Dividends on Stock of:

(a) Domestic Corporations subject to taxation under Title I of Revenue Act of 1936

(6) Domestic Corporations not subject to taxation under Title I of Revenue Act of 1936...

(c) Foreign Corporations .

13. Other Income (State nature of income) (Use separate schedule, if necessary)

14. TOTAL INCOME) at ITEMS 3 AND 6 TO

DEDUCTIONS

15. Compensation of Officers (from Schedule C) . . .

16. Rent on Business Property..—..... . . . ,-. . .—..... . . . . . .-_.

17. Repairs (from Schedule E): (a) Salaries and Wages, $ ; (b) Other Costs, $ ; TotaL

19. Interest Paid (from Schedule G) . ,

20. Taxes Paid (from Schedule H). (Do not Include Federal Exce -Profits Tax Reported in Item 28

21. Contributions or Gifts (from Schedule I) .-.

22. Losses by Fire, Storm, etc. (from Schedule J)

23. Depreciation (resulting from exhaustion, wear and tear, or obsolescence) (from Schedule K)

24. Depletion of Mines, Oil and Gas Wells, Timber, etc. (Submit schedule, see Instruction 24)

25. Other Deductions Authorized by Law (explain below, or on separate sheet):

(a) Salaries and wages. (Not included in Items 2, 5, 15, or 17 above)

(6) Stock determined to be worthless during the taxable year. :

(e) ,.

26. TOTAL DEDUCTIONS IN ITEMS 15 TO 25, INCLUSIVE

27. N E T INCOME FOB EXCESS-PBOF'ITS T A X COMPUTATION (Item 14 minus Item 26)

28. LESS: FEDERAL EXCESS-PBOFITS T A X (Item 12, Page 1)

29; N E T INCOME FOB INCOME TAX COMPUTATION (Item 27 minus Item 28) _ . . .

114338—39


1936


Page 3 of R e t u r nSCHEDULE A (See Instructions 2 and 5)

1. COST OF SALES (WHERE INVENTORIES ARE AN INCOME-DETERMINING FACTOR)

ITEM,

Salaries and wages

Other costs +.

S

2. COST OF OPERATIONS (WHERE INVENTORIES ARE NOT AN INCOME-DETERMINING FACTOR)

lTE« 3

Other costs _

Item 5, page 2)

$

PROPER"

GAIV OH LOSS (enter

ACQJIBED

Mo. Day Year Mo. Day Year

VD LOSSES (FROM SALES OR EXCHANGES ONLY) (See Instruction

(Contract price,

s S s

7. COST OF IMPBOTE-

1 ,C

1 9 U 'O >

'O E M A E C H

s

\»oTTsmo.v OR MAE

$

11)

Lo£

S -

State (1) how property was acquired ._•_ ; (2) whether at time of sale or exchange purchaser owned more than 50%

in value of your outstanding stock 1

Every sale or exchange of stock should be reported in detail, including name and address of corporation, class of stock, number of shares, capital changesaffecting basis (stock dividends, other nontaxable dividends, stock rights, etc.).

Cost of property must be entered in column 5 if a loss is claimed in column 9.

SCHEDULE C—COMPENSATION OF OFFICERS (See In

5. OFFICIAL TITLE3. TIME DEVOTED

struction 15)

SHARES O? STOCK OWNED

4. Common 5. Preferred

8. AMOONT OF COM-

$ - -

-

NOTE: Schedule C-1 (IN DUPLICATE) also must be filed with this return if compensation in excess of $15,000 was paid to any officer or employee.

SCHEDULE D—INCOME FROM DIVIDENDS (See Instruction 12)

Itemize below all dividends received during the year, stating the amount and the name and address of the corporation which declared the dividend:

SCHEDULE E—COST OF REPAIRS (See Instruction 17)

Other costs

*'63 Item 17, page 2)

S

SCHEDULE F— BAD DEBTS (See In truction 18)

1. YEAR

1932

1933

1934

1935

1936

2. N Z T INCOME

$

3. SALE3 ONACCOUNT

$

4. B A D D E B T S

$

SCHEDULE G—INTEREST PAID (S

I. T o WHOM P A H ,

ee Instruction 19)

°as Item 19, page 2)

SCHEDULE H—TAXES PAID (See Instruction 20)

L N A T ^ E O F T A * 2. T o WHOM PAID

!

3. AMOUNT (Ent«cas Item 20, page 2)

$


1936

STATISTICS OF INCOME 207P a g e 4 of B e t u r n SCHEDULE I-CONTRIBUTIONS OR GIFTS (See Instru

LNAMSÂPOKKSSOPOK™™

ction 21)

$ {

i

SCHEDULE J—EXPLANATION OF DEDUCTION FOR LOSSES BY FIRE, STORM, ETC. (S

•• —

!

4 S

'"" "1! . . . . . .

« . A D E P B S C A T I O »

A"LACVOAtBtSIONNCI;

$

zzzz"

ee Instruction 22)

r

$ I

i1

7. DSDCCTIBLE I-OS,

( roe 9

$ I

" l' " IState how property was acquired..

SCHEDULE K—EXPLANATION OF DEDUCTION FOR DEPRECIATION (See Instruction 23)

_$.

E OF BUSINESS

MANUFACTURING

Food and kindred products:

j — | Canned products—fish, fruit, vegetables, etc.

J—j Mill products—bran, flour, foed.

• Packinp-bouse products—meats, lard; slaugh-tering.

j—j Sugar—beet, cane, maple; molasses, etc.

• Other food products—batter substitutes, ce-isrea, coUee, spices, dairy products; ice, etc.

f—I Beverages, soft drinks, mineral water.

{—[Brewing and distilling—alcohol, liquors, beer,

goods, etc.; napping,

n goods—dress goods, thrownning, carping,overings, tapestries linoleum.

r boots, shoes, slippers, etc.

leather products—saddlery, harness,

r - jCarpe

j — | Other textiles—cord, felt, fur, linen, artificial

I—j Clothing—custom-made, factory-made, under-

QLe,

Dot,;j—j Rubber tires and tubes.

,—! Other rubber goods—boots, shoes, hose, arti-

f (Bone, celluloid, and ivory products.

f—j Sawmill and planing mill products.

j—J Paper, pulp and products.

j — | Printing, publishing, and allied industries.

j—jPerroienm and other mineral oil refining and

J I Chemicals proper, acids, compounds, coal tar

r—j Allied chemical substances, drugs, oils, sosps,

j j Paints, pigments, varnishes, eta

^Ferti l izers.

r - jS tone . day, glass, and related products.

Metal products and processes:

• Iron and steel—products of blast furnaces, roll-ing ir.nu, foundries.

r~j Locomotives and railroa& equipment.

L—j Motor vehicles, complete or parts.

I—] Machinery--factory, used in producing f(

j j Machinery—agricultural and equipment.

I I Machinery—electrical and equipment,

j—I Machinery—other, bui!d

r~] Office equipment.

r—lMotal building material and equ

QHarOware, tools, etc.

|—iPracious metal, products and prc

I—I Othor metals, products and proa

r—1 Radios, complete or parts.

I—[Musical, professional, and scientific

j—I Airplanes, airships, seaplanes; parts.

Q Retail.

[—j Wholesale and retail.

|—I Commission.

r~j Other trade—repair service, ga

r~l Stock and bond brokers,

r~~] Real estate, realty holding, real estate agents.

|—j Insurance companies (not agents).

• Investment trusts, stock syndicates, stockhcjding companies.

• Other finance—loan companies, building andloan associations; cote, mortgage, or pawnbrokers; insurance agents.

1 1 fishing, forestry, ice-harvesting; leasing such

properties.ining and quarrying, including gas and oilsells; leasing such properties.

uctlon—eicavations, bridges, buildings,

mds, ships; equipping and installing

AFFILIATIONS WITH C

or any prior year? - .

3CES3OH BUSINES

ng taiable year?

>on such change w<

ise be furnisiied.

BASIS OF RETUKI

1LUATION OP INVESTORl

as used, describe fully, st,

PREPARATION OF RETURN (See "Signatures and Verification", page S)

item or schedule of (his return, or assist or advise tha corporation in the preparation of this return, or

actually prepare this return for the corporation? If so, give the name and address of

luch person or persons and stats the nature and exmd schedules in respect of which the assistance oi?ared by any person or persons other than the corp

advice received and the itcm^1 this return was actually pro-of the Information reported in

TTACHED SCHE


1936


Page 5 of Return SCHEDULE L—BALANCE SHEETS (See Instruction 43)

ITEMS

ASSETS1. Cash,

(o) Demand deposits, including checks

(6) Time deposits, including certificates of

<c) All other cash-

2. Notes receivable.

(a) Less reserve for bad debts4. Inventories:

(a) Raw materials

(c) Finished goods

(<0 Supplies

& Investments (nontaxable):(a) Obligations of a State, Territory, or

political subdivision thereof, or theDistrict of Columbia, or UnitedStates possessions

(6) Obligations issued under Federal FarmLoan Act, or under such Act asamended

(c$ Liberty 3>£% Bonds and other obliga-tions of United States issued on orbefore September 1, 1917

(d) Treasury Notes, Treasury Bills, andTreasury Certificates of Indebted-

(e) Liberty .4% and 4Vt% Bonds, UnitedStates Savings Bonds, and TreasuryBonds

(f) Obligations of instrumentalities of theUnited States (other than obligationsto be reported in line (6) above)

6. Other investments:(a) Stocks of domestic corporations

(6) Bonds of domestic corporations

(c) Stocks and bonds of foreign corpora-

(d) All other investments or loans7. Deferred charges:

(6) Prepaid taxes . .

(<•) AUother _

8. Capital assets:

(J) Machinery and equipment „

(c) Furniture and fixtures

(e) Other depreciable assets.

if) TOTAL or L I N E S (a) TO («)

ig) Less reserves for depreciation..

(h) Depletable assets.

(») Less reserves for depletion

(j) Land

fi. Patents. ~

10. Good will_11. Other assets (describe fully):

12. TOTAL ASSETS

LIABILITIES

13. Notes payable (less than 1 y e a r ; —

14. Accounts payable . ,

IS. Bonds and notes (not secured by mortgage)

16. Mortgages (including bonds and notes so secured)

17. Accrued expenses:(a) Interest

(6) Taxes _

(e) All other.

18. Other liabilities (describe fully):

19. Capital stock:(a) Preferred stock (lew stock in treasury)...

(6) Common stock (less stock in treasury)...

21. Undivided profits

BEOIJWIKO or TAXABLE YEAB

Amount

$.

$

$

$

s.

$

$ ..

$.

$

8.

$

$

$

22. TOTAL LIABILITIES

Total

. . . . . . .

$

iiir i

$

. . . . . . . . .

i

E » OF TAXABLE YEAE

Amount

$

s

$

$

•

*

—

—

$

$

$

$,

Total

$

$


1936


Page 6 of R e t u r n SCHEDULE M—RECONCILIATION OF NET INCOME AND ANALYSIS OF CHANGES IN SURPLUS

i. N e t Income (Item 29, page 2 of return)

*. Less: Interest on Government obligations, etc. (Item 8, psof return)

(. Nontaxsble Income (also Interest partially exempt):(«) Interest on:

(1) Obligations of a State, Torrltory, or political subdivi-

sion thereof, or the District of Columbia, or United

(2) Obligations issued under Federal Farm Loan Act, or

3) Obligations of United States issued on or before i

4) Treasury Notes. TrâsunrBUli'and Treasury C<

(B) United States Savings Bonds and Treasury Bonds

(6) United States Savings Bonds and Treasury Bonds

owned in the principal amount of over $5,000

(other than those to be reported in Line 4 (iabove)

5) Proceeds of life-insurance policies paid upon the dea

i) Other items of contaxable income (to be detailed):

5. Charges acainst reserve for id debts, ii Item 18. page 2 of return,

«. Total from Line 16

:d profits as shown*

e year

whole or in part in Item 43, page 1 <

(c) Federal taxes paid on tax-free oovenai(cf) Special improvement taxes tending to

the property assessed(<) Furniture and fixtures, additions, or

at bonds

( 0 Replacements and renewals(JJ) Insurance premlum3 paid on the life of any offl<

ployee where the corporation is directly or In

wholly exempt from taxation...-

(0 Additions to reserve for bad debts which are not includedin Item 18, page 2 of return

0 ) Additions to reserves for contingencies, etc. (to be detailed):

(1) . .

a) Date paid Character...

6) Date paid Character...

LIABILITY FOR FILING RETURNS

Corporations generally.—Every domestic or resident corporation, joint-stockcompany, association, or insurance company (other than a life insurance com™pany) not specifically exempted by Section 101 of the Revenue Act of 1936,whether or not having any net income, must make a return of income on thisform. Every corporation which is subject to the capital-stock tax must makean excess-profits tax return for each income-tax taxable year ending after theclose of the first year in respect of which it is subject to the capital-stock tax.A combined return for income and excess-profits tax purposes must be made onthis form, except where a consolidated income tax return is made by an affiliatedgroup of railroad corporations. (See Instruction 30.)

Domestic corporations within the possessions of the United States (exceptthe Virgin Islands) may report as gross income only gross income from sourceswithin the United States, provided (a) 80 percent or more of the gross incomefor the three-year period immediately preceding the close of the taxable year (orsuch part thereof as may be applicable) was derived from sources within apossession of the United States; and (6) 50 percent or more of the gross incomefor such period or such part thereof was derived from the active conduct of atrade or business within a possession of the United States.

Foreign corporations.—Resident foreign corporations (foreign corporationswhich at any time within the taxable year are engaged in trade or business withinthe United States or have an office or place of business therein) shall makereturns on this form of income received from sources within the United States.Nonresident foreign corporations (foreign corporations not engaged in trade orbusiness within the United States and not having an office or place of businesstherein at any time within the taxable year) shall not make returns on this form.Nonresident foreign corporations are subject to tax upon gross income fromBources within the United States (determined under the provisions of Section119 of the Revenue Act of 1036) which is fixed or determinate annual orperiodical gains, profits, and income, and are required to make returns on Form1120NB with respect to such income. (See Sections 231 to 238, Revenue Actof 1936 >

Life insurance companies, as defined by Section 201 of the Revenue Act of1936, shall file returns on Form 1120L, instead of this form.

Mutual insurance companies (other than life insurance companies) shallmake and file returns in accordance with the provisions of Section 207 of theRevenue Act of 1936 and Articles 207-1 to 207-7 of Regulations 94.

Benevolent life insurance associations of a purely local character, mutualditch or irrigation companies, mutual or cooperative telephone companies, torlike organizations are exempt from taxation only if 85 percent or more of theincome consists of amounts collected from members for the sole purpose ofmeeting losses and expenses.

Other insurance companies.—The normal-tax net income of an insurant


The return must be filed on orfollowing the close of the taxable y<the corporation's principal place

the fifteenth day of the third monthh the collector for the district in which

jr before tho fifteenth dayof the sixth month following the close of the taxable year. Where a consoli-dated income tax return is filed by an affiliated group of railroad corporations,the separate excess-profits tax returns of the common parent corporation andeach subsidiary corporation must be filed with the collector with whom the•consolidated income tax return is filed.

The collector of internal revenue may grant a reasonable extension of timefor filing a return, not to exceed six mouths, if application therefor is madebefore the date prescribed by law for filing such return, whenever in his judg-ment good cause exists.

SIGNATURES AND VERIFICATIONThe return shall be sworn to by the president, vice president, or other prin-

cipal officer, and by the treasurer, assistant treasurer, or chief accountingofficer. Receivers, trustees in bankruptcy, and assignees, operating the prop-erty or business of corporations, must make returns of income for such corpor-ations. If a receiver has full custody of and control over the business orproperty of a corporation, he shall be deemed to be operating such business orproperty, whether he is engaged in carrying on the business for which the cor-poration was organized or only in marshaling, selling, and disposing of its assetsfor purposes of liquidation.

Question 7 on page 4 of the return should be answered fully, and wherethe return is actually prepared by some person or persons ether than the cor-poration, such person or persons must execute the affidavit at the foot of thisP a g S ' PAYMENT OF TAX

Checks or money orders in payment of tax should be drawn to the order of"Collector of Internal Revenue at (insert name of city and State)." Do notsend cash by mail, nor pay it in person except at the collector's office.

The tax may be paid when the return is filed, or in four equal installments,as follows: The first installment shall be paid on or before the fifteenth day ofthe third month following the close of the taxable year, the second installmentshall be paid on or before the fifteenth day of the third month, the third install-ment on or before the fifteenth day of the sixth month, and the fourth install-ment on or before the fifteenth day of the ninth month, after the date, pre-scribed for paying the first installment.

If any installment* not paid on the date fixed for its payment, the wholeamount of the tax unpaid shall be paid upon notice and demand by the collector.

PENALTIESFor willful failure to make and file return on time.—Not more than $10,000

or imprisonment for not more than one year, or both, together with tho costsof prosecution, and in addition 5 percent to 25 percent of the amount of tho tax.

For willfully attempting to evade or defeat payment of the tax.—Not morethan $10,000 or imprisonment for not more than five years, or both, togetherwith the costs of prosecution.

For deficiency due to negligence or fraud.—Five percent of the amount ofthe deficiency if due to negligence or intentional disregard of rules and regula-tions without intent to defraud, or 50 percent of the amount of the deficiencyif due to fraud.

AFFIDAVIT (See "Signatures and Verification", above)

2;ned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer, or chiefn is made, being severally duly sworn, each for himself deposes and says that this return (including a

stated, pursuant to the Revenue Act of 1935, as amended, and the FSubscribed and sworn to before me this day of

e Act of 1936, and the Regulations issued thereunder.

193

nistering oa

AFFIDAVIT (See "Signatures and Verification", above)

I/we swear (or affirm) that I/we prepared this return for the person named herein and that the return (including any accompanying schedules and statement.is a true, correct, and complete statement of all the information respecting the income tax and/or excess-profits tax liability of the person for whom this returhas been prepared of which I/we have any knowledge.

Subscribed and sworn to before me this day of 193

| H ^ H H H i ^ B ^ * " (Signature of otilcer administering oath) ' (Title) * " " * * (Name of firm or employer, if any) 2-~\7im


1936


Page 1 of InstructionsINSTRUCTIONS

The Instructions Numbered 1 to 29 Correspond with, and Item References therein relate to, the Item Numbers on Page 2 of the ReturnTitles and sections of the tow referred to In these iiutrncHou hive reference to Htlea and sections or the Revenue Act of 193C,

GROSS INCOME AND DEDUCTIONS

factor, enter or discounts from the sale price,

i d th

in business where inventories are an income-[tem 1 the gross sales, less goods returned, and any

from the sale price.panies, and other corporations required to submit state-penses to any national State municipal or other publicments of income and expens

officer may submit with thf f h d t h ffi

companies, and other corporations required to submit stated expenses to any national, State, municipal, or other publicwith the return a statement of income and expenses in the

national, State, municipal, or othestatement of income and expensef th i f t i t d i It

cer may submit with the return a statement of income and expenses in theform furnished to such officer, in lieu of the information requested in Items 1 to26, except that a railroad company will submit with the return a statement onForm 1000. In such cases the net income will be reconciled by means of ScheduleM on page 6 of the return, with the net profit shown by the income and expensestatement submitted, and should be entered as Item 27.

2. Cost of goods sold.—Enter as Item 2 the information requested on lines(a) to (e) and list in Column 1 of Schedule A the principal items of cost, includ-ing the amount entered on line (c), the minor items to be grouped in oneamount Enter as salaries and wages on line (c) the total c o t i

l

he amount entered on line (c), thent. Enter as salaries and wages o

th rid d b thi r t

items to(c) the t

d i i d l

uped in onempensation,d ( l i

rchandise is an income-producingfactor in the trade or business, inventories of merchandise on hand should betaken at the beginning and end of the taxable year, which may be valued at cost,or cost or market, whichever is lower. Enter the letters "C", or "C or M",immediately before the amount column on lines (a) and (c) under Item 2, if theinventories are valued at either cost, or cost or market, whichever is lower, andexplain fully in answer to question 6 on page 4 the method used. In case theinventories reported do not agree with the balance sheet, attache, statementexplaining how difference occurredinventories reporteexplaining how diff

3 G fit fr

ot agreeoccurred.

E3. Gross profit from sales.—Enter as Item 3 the gross profit from businessin which inventories are an income-determining factor, which is obtained bydeducting Item 2, the cost of goods sold as extended, from Item 1, the net sales.

4. Gross receipts from business in which inventories are not an income-determining factor.—Enter as Item 4 the gross receipts or operating revenue.(See also second paragraph of Instruction 1, above.)

5. Cost of operations.—Enter as Item 5 the cost of operations and list inColumn 2 of Schedule A the principal items of cost. Enter as salaries andwages the total compensation, during the period covered by this return, ofindividuals employed (exclusive of officers and firm members).

6. Gross profit from business in which inventories are not an income-determining factor.—Enter as Item 6.

7. Interest on loans, etc.—Enter as Item 7 all interest received or creditedto the corporation during the taxable year on loans, notes, mortgages, bonds,bank deposits, etc.

S. Interest on Government obligations, etc.—Enter as Item 5, Schedule L,the amount of the various obligations owned and enter as Item 4 (a), Schedule M,all interest received or credited to the corporation's account during the year onthese obligations.

Interest on all coupons falling due within the taxable year will be consideredas income for the year, where the books are kept on a cash receipts and dis-bursements basis. If the books are kept on an accrual basis, report the actualamount of interest accrued on the obligations owned during the taxable year.

The total of the interest reported as Items 4 (a) (6) and (7).Schedule M, shouldbe entered as Item 8. Such interest is allowable as a credit agaiost net incomeas Items 14 and 25, page 1 of the return.

9. Rents.—Enter as Item 9 the gross amount received for the rent of property.Any deductions claimed for repairs, interest, taxes, and depreciation should, beincluded in Items 17, 19, 20, and 23, respectively.

10. Royalties.—Enter as Item 10 the gross amount received as royalties. Ifa deduction is claimed for depletion, it should be reported as Item 24.

11. Capital gains and losses.—Report sales or exchanges of capital assets inSchedule B and enter the net amount of gain or loss as Item 11 (CAPITAL LOSSES

AMOUNT OF CAPITAL GAINS, THE AMOUNT TO BE ENTERED AS ITEM II MAT NOTEXCEED $2,000). (See Section 117 relating to capital gains and losses.) Describethe property briefly and state the actual consideration or price received or thefair market value of the property received in exchange.

If the property sold or exchanged was acquired prior to March 1-. 1913, thebasis for determining GAIN is the cost or the fair market value aa of March 1,1913, adjusted as provided in Section 113 (b), whichever is greater, but in deter-mini th b i is t so a d j t d (Se Section 113) If the amountshof l l

probet

i

. _o adjusted. (See Section 113.) If the amount_- „ „ _.. actual cash cost of the property sold or exchanged,full details must be furnished regarding the acquisition of the property.

Enter as depreciation the amount of exhaustion, wear and tear, obsolescence,or depletion which has been allowed (but not less than the amount allowable)in respect of such property since date of acquisition, or since March 1, 1913,if the property was acquired before that date. In addition, if the propertywas acquired before March 1,1913, the cost shall be reduced by the depreciationactually sustained before that date.

Subsequent improvements include expenditures for additions, improvements,and repairs made to restore the property or prolong its useful life.

No loss shall be recognized in any sale or other disposition of shares of stockor securities where the corporation has acquired substantially identical stock orsecurities within 30 days before or after the date of such sale or disposition,unless the corporation is a dealer in stocks or securities in the ordinary courseof business.

No deduction shall bo allowed in respect of loss from sales or exchanges ofiperty, directly or indirectly, except in the case of distributions in liquidation,

. ;ween an individual and a corporation in which such individual owns, directly_r indirectly, more than 50 percent in value of the outstanding stock. (SeeSection 24 (s) (6).)

Section 117 applies only to gains and losses upon the sale or exchange ofcapital assets and, therefore, has no application to loss of useful value uponthe permanent abandonment of the use of property or loss sustained as theresult of corporate stock or debts becoming worthless.

12. Dividends.—Describe in detail in Schedule D all dividends receivedduring the taxable year.

Enter as Item 12 (a) dividends from a domestic corporation which is subjectto taxation under Title I (other than a corporation entitled to the benefits ofSection 251 and other than a corporation organized under the China TradeAct, 1922). EnteT as Item 12 (b) dividends from a domestic corporation whichis not subject to taxation under Title I. Enter as Item 12 (c) dividends from aforeign corporation and dividends from a corporation entitled to the benefits ofSection 251 and a corporation organized under the China Trade Act, 1922.

13. Other income.—Enter v ' " " " " " *space is provided on the retui

14. Total income.—Enter ainclusive, after deducting any losses reported in Items 3, 6, and 11.

15. Compensation of officers.—Enter as Item 15 the compensation of allofficers, in whatever form paid, and fill in Schedule C, giving the informationrequested.

NOTE.—If during the taxable year the corporation paid to any officer oremployee compensation for personal services in excess of $15,000, Schedule C-l(copios of which mny'be obtained from the collector of internal revcnueXmustbe filed, IN DUPLICATE, with and as part of this return.

16. Rent.—Enter as Item 16 rent paid for business property in which thecorporation has no equity.

17. Repairs.—Enter as Item 17 the cost of incidental repairs including thelabor, supplies, and other items which do not add to the value or appreciably

olong the life of XL ' - •«- - • - - - - • a - ^ - ^ *^___^_y

organized under the China rade Act, 1922.s Item 13 all other taxable income for which no.Item 14 the net amount of Items 3 and 6 to 13,

l ted i It 3 6 nd 11

labor,prolonduringti

d other items which do not add to the valuethe property. Enter as Salaries and- wagesthecovered by this return of prsons employed dire

p p ycompensation,ctly in connec

di f

olong the life of the property. Enter as Salaries and wagesthe compensation,during the period covered by this return, of persons employed directly in connec-tion with these incidental repairs, as shown in Schedule E. Expenditures fornew buildings, machinery, equipment, or for permanent improvements or better-ments which increase the value of the property are chargeable to capital account.Expenditures for restoring or replacing property are not deductible, as such ex-penditures are chargeable to capital accounts or to depreciation reserve, depend-ing on how depreciation is charged on the books of the corporation.

18 B d d b t E t e It 18 d b t ti t h f

ascertained.to be worthless and have been charged off within the year, or suchreasonable amount as has been added to a reserve for bad debts within the year.

If the debts are included in the deduction claimed, submit a schedule showinghe amounts charged off, and state how and when each was determined to be

worthless. If the amount deducted is an addition to a reserve, enter in Sched-ule F the amount of sales charged on account, and the amount of bad debtscharged off, for each of the years indicated.

A debt previously charged off as bad, if subsequently collected, must boeturned as income for the year in which collected.

19. Interest paid.—Enter as Item IS interest paid on business indebtedness_.nd fill in Schedule G. Do not include in Item 19 interest on indebtedness.incurred or continued to purchase or carry obligations (other than obligationsof the United States issued after September 24, 1917, and originally subscribedfor by the taxpayer) the interest upon whichia wholly exempt from taxation.

20. Taxes paid.—Enter a3 Item 20 taxes paid or accrued during the taxableyear and fill in Schedule H. Do not include in Item 20 Federal income, war-profits, and excess-profits taxes, nor estate, inheritance, legacy, succession, andgift taxes, nor income taxes claimed as a credit in Item 43, page 1 of the return,taxes assessed against local benefits tending to increase the value of the prop-taxeertyno

sessed aganst local benefitessed, Federal taxes' paids not impoed upon the t

c e t e value of ttaining a tax-free ceduction is a l l o b l— taxes not imposed upon the taxpayer. A deductii

excess-profits tax imposed by Section 106 6f the Re<amended, but such deduction should beis allowable for any portion of foreign iiclaimed in Item 43, page 1 of the return.

21. Contributions or gifts.—Enter as Item 21 contributions or gifts actuallypaid within the taxable year to or for the use of a domestic corporation, ordomestic trust, or domestic community chest, fund, or foundation, organizedand operated exclusively for religious, charitable, scientific, literary, or educa-tional purposes or the prevention of cruelty to children (but in the case of contri-butions or gifts to a trust, chest, fund, or foundation, only if such contributionsor gifts are to be used within the United States exclusively for such purposes),no part of the net earnings of which inures to the benefit of any private share-holder or individual, and no substantial part of the activities of which is carry-on propaganda, or otherwise attempting, to influence legislation. The amountclaimed shall not exceed 5 percent of the corporation's net income as computedwithout the benefit of this deduction. list organizations and amounts contri-buted to each in Schedule I.

22. Losses.—Enter as Item 22 losses sustained during the year and not com-pensated for by insurance or otherwise. Losses of business property arisingfrom fire, storm, shipwreck, or other casualty, or from theft, should be explainedin Schedule J.

23. Depreciation.—The amount deductible on account of depreciation inItem 23 is an amount reasonably measuring the portion of the investment indepreciable property by reason of exhaustion, wear and tear, or obsolescence,which is properly chargeable against the operations of the year. If the propertywas acquired by purchase on or after March 1, 1913, the amount of depreciationshould be determined upon the basis of the original cost (not replacement cost)of the property, and the probable number of years remaining of its expecteduseful life. In case the property was purchased prior to March 1, 1913, theamount of depreciation will be determined in the same manner, except that itwill be computed on its original cost, less depreciation sustained prior to March1, 1913, or its fair market value as of that date, whichever is greater. If theproperty waa acquired in any other manner than by purchase see Section 114.The capital sum to be recovered should be charged off ratably over the usefullife of the property. Whatever plan or method of apportionment is adoptedmust be reasonable and must have due regard to operating conditions duringthe taxable year and ehould be described in the return. Stocks, bonds, and

subject to exhaustion ind tear within the meaninglike securof the law.

If a deduction is claimed on account of depreciation, fill in Schedule K. Incase obsolescence is included, State separately amount claimed and basis uponwhich it is computed. Land values or cost must not be included in this sched-ule, and where land and buildings were purchased for a lump sum the cost ofthe building subject to depreciation must b t b l i h d Th d j t d t

nts and the accumulated depreciation shown in the schedule should bereconciled with those accounts as reflected on the books of the taxpayer. SeeSections 23 (1) and 114.

24. Depletion.—If a deduction is claimed on account of depletion, secure fromthe collector Form D (minerals), Form E (coal), Form F (miscellaneous non-metals), Form O (oil and gas), or Form T (timber), fill in and file with return.If complete valuation data have been filed with Questionnaire in previous years,

hi t i f t i o n necessary to bring your depletion schedulet of all t r ansa i b i d d

If complete valuationthen file with this ret

t d t e t i fng your dsactions bl t itions or additions to value of physical assets with explanation of how depletion

deduction for the taxable year has been determined. See Sections 23 (m)and 114.

25. Other deductions.—Enter as Item 25 other deductions authorized by lawand file with the return a schedule showing how each deduction was computed.

No deduction is allowable for the amount of any item or part thereof allocablei l f pt income, other than interest. Items; directly attributable to

e hall be l l o t d t h t d it d i t l ttibtblto any class of taxabletaxpayer receiving anyproperty or engaging insubmit with its return as _ r(1) the amount of each class of

shall be allocated to such taxatly attributable

(1) the amount of each class of exeallocated to each such class (the ashown separately).

26 Enter as Item

ny activity the incor ; _. .part thereof an itemized statement, in detail, showing

f t income, and (2) the amount of itemst d b

ncome, and (2) the amount of itemst allocated by apportionment being

wn separately).26. Enter as Item 26 the total deductions in Items 15 to 25, inclusive.27. Net income for excess-profits tax computation.—Enter as Item 27 the

fit t mputation, which is obtained by dedutincom of a c p r t i o n shall be comp

income for excese for excess-profits

I 14 ThItem 26 from Item 14. The net income oupon the basis of its taxable year in accorda

l l employed in keeping the bookreglarreflect the in

28. Enter asof the return.

29. Net incob t t

ained by deductinga corporation shall be computede with the method of accounting

ethod does not clearly

unt cf excess-profits tax in Item 12, page 1

3 Item 29 the differ

EXCESS-PROFITS TAX

30. The excess-profits tax isof every corporation for eachth fit ye i rf every corpoaon f a e a x a ahe first year in respect of which the corporat

i d b S t i o 105 f the Reve A

posed upon a certain portion of the net incomeometax taxable year ending after the close of

corporation is subject to the capitalstockthe first year in respect of which thetax imposed by Section 105 of the R

fit t i i e d i n amou

ation is subjeAct of 1935,l t th

ending after the close ofbject to the capital-stock

35 as amended The exe capitalstded. The

t fcess-profits tax is imposed in an amount equal to the sum of (1) 6 percportion of the corporation's net income for the income-tax taxable year as isin excess of 10 percent and not in excess of 15 percent of the adjusted declaredvalue plus (2) 12 percent of such portion of its net income for the income-taxtaxable year as is in excess of 15 percent of the adjusted declared value, as ofthe close of the last preceding income-tax taxable year (or as of the date oforganization if the corporation had no preceding income-tax taxable year). Novariation is permitted between the adjusted declared value set forth in the capi-tal-stock tax return and the adjusted declared value set forth in the excess-profits tax return, except that in the case of an excess-profits tax return for anincome-tax taxable year which is a period of less than 12 months the adjusteddeclared value set forth in the capital-stock tax return shall be reduced to anamount which bears the same ratio thereto as the number of months in theperiod bears to 12 months. For excess-profits tax purposes the net income shallperiod bears to 12 m o tbe the same as the netd d t i f th

or excese for in

i

fits tax purposes the net income shalltax purposes, computed without theb S t i 106 of the Revenue Act

be the same as the net income for income tax purposes, computed without thededuction of the excess-profits tax imposed by Section 106 of the Revenue Actof 1935, as amended. None of the credits allowed corporations against netincome for income tax purposes is applicable in respect of the excess-profits taxexcept the credit against net income equal to the credit for dividends receivedprovided in Section 26 (b) of the Revenue Act of 1936. Foreign income andprofits taxes may not be credited against the excess-profits tax. Every corpora-tion which is liable for the making of an excess-profits tax return, whether or noteuch corporation is a member of an affiliated group of corporations, must maicas


1936


Page 2 of Instructions

regard to the piaffiliated group of railroad corporations makes a consolidated income tax return,the common parent corporation and each subsidiary which is liable for themaking of an excess-profits tax return must make a separate excess-profits taxreturn.

NORMAL INCOME TAX

31.'Every corporation not expressly exempt from taxation under Title Iis liable to the normal income tax at the graduated rates specified in Items18 to 21, inclusive, page 1 of the return, except those corporations enumeratedin the footnote following Item 22, page 1 of the return, which are taxable atthe rates the.rein stated. The phrase "certain banks and trust companies" asused in that footnote means banks or trust companies incorporated and doingbusiness under the laws of the United States (including laws relating to theDistrict of Columbia), of any State, or of any Territory, a substantial part ofthe business of which consists of receiving deposits and making loans anddiscounts, or of exercising fiduciary powers similar to those permitted to nationalbanks under Section ll(k) of the Federal Reserve Act, as amended, and whichore subject by law to supervision and examination by State or Federal authorityhaving supervision over banking institutions. The normal income tax is uponthe normal-tax net income, that is, the net income as defined in Section 21 minusthe sum of (1) the credit provided in Section 26 (a) for interest on obligationsof the United States and its instrumentalities and (2) the credit for dividendsreceived provided in Section 26 (b), except that this credit is. not allowed inthe case of a mutual investment company, as defined in Section 48 (e). (SeeArticles 48 (e)-l to 48 (e)-6, inclusive, Regulations 94.) In the case of a mutualinvestment company, for the purpose of the normal-tax net income, a credit isallowed against net income for dividends paid as provided in Section 27.

SURTAX ON UNDISTRIBUTED PROFITS

32. Every corporation is subject to the surtax on undistributed profits exceptcorporations expressly exempt from taxation under Title I and (1) banks asdefined in Section 104 (see Instruction 31); (2) insurance companies subject tothe tax imposed under Section 201, 204, or 207: " " * ' . - . - . . - / «orporations entitled to the benefits of Se<nder the China Trade Act, 1922; (6) Join

the Federal Farm Loan Act, as amended; and (7) domestic corporations whichfor any portion of the taxaole year are in bankruptcy under the laws of theUnited States, or are insolvent and in receivership in any court of the UnitedStates or of any State, Territory, or the District of Columbia. (Generally, inthe case of proceedings for the relief of debtors under Section 77 or 77B of theBankruptcy Act of 1898, as amended, if the debtor corporation has pending adebtor's petition or answer which has been approved by the court finally deter-mined to have jurisdiction thereof, it is in bankruptcy under the laws of theUnited States.) ANY CORPORATION UNDER (1) TO (7) Auovu CLAIMINGEXEMPTION FROM THE SUETAX SHALL FILE WITH ITS RETURN FOR EACHTAXABLE YEAR roa WHICH EXEMPTION IS CLAIMED A STATEMENT UNDEROATH OP ALL THE FACTS PERTINENT TO ITS CLAIM.

The surtax is imposed on the net income of corporations in an amountmeasured by the undistributed net income. The undistributed net income isthe adjusted net income minus the sum of (a) the dividends paid credit pro-vided in Section 27 (see Articles 27 (a)-l to 27 (h)-l, inclusive, Regulations94) and (b) the credit provided in Section 26 (c), relating to contracts restrictingthe payment of dividends (see Article 26-2. Regulations 94). The adjustednet income means the net income as defined in Section 21 minus the sum of(1) the normal tax imposed by Section 13 and (2) the credit provided in Section26 (a) for interest on obligations of the United States and its instrumentalities.In the case of a holding company affiliate, as defined in Section 2 of the BankingAct of 1933, the amount to be d'educted in determining the adjusted net incomeincludes also the credit allowed under Section 26 (d). In the case of a nationalmortgage association created under Title III of the National Housing Act, theamount to be deducted also includes the amount allowed as a credit underSection 26 (e).

33. Section 26 (d) provides for a credit, in the case of a holding companyaffiliate (as defined in Section 2 of the Banking Act of 1933), in the amount ofthe earnings or profits which the Board of Governors of the Federal ReserveSystem certifies to the Commissioner has been devoted by such affiliate duringtne taxable year to the acquisition of readily marketable assets other than bankstock in compliance with Section 5144 of the Revised Statutes. No credit isallowable either for the amount of readily marketable assets acquired and onhand at the beginning of the first taxable year subject to the Revenue Act of1936 or for an amount of readily marketable assets in excess of what is required,by Section 5144 of the Revised Statutes, to be acquired by such affiliate. Everytaxpayer claiming and making a deduction for this credit shall attach to itsreturn a supplementary statement as provided in Article 26-3, Regulation* 94.

34. Section 26 (e) provides for a credit, in the case of a national mortgageassociation created under Title III of the National Housing Act, in the amountof the earnings or profits which the Federal Housing Administrator certifies tothe Commissioner of Internal Revenue has been devoted by such associationduring the taxable year to the acquisition of such reserves as the Administratormay require under the provisions of Section 303 of that Act.

35. The amount of the dividends paid credit provided by Section 27 is theamount of dividends paid during the taxable year. (See Article 27 (a)-l,Regulations 94.) If a dividend is paid in property other than money (includingEtock of the corporation if held by the corporation as an investment) the divi-dends paid credit with respect thereto is the adjusted basis of the property inthe hands of the corporation at the time of the payment, or the fair marketvalue of the property at the time of the payment, whichever is the lower. (SeeArticle 27 (c)-l, Regulations 94.) If a dividend is paid in obligations of thecorporation, the amount of the dividends paid credit with respect thereto isthe face value of the obligations, or their fair market value at the time of thepayment, whichever is the lower. If the fair market value is lower than theface value, then when the obligation is redeemed by the corporation, the excessof the amount for which redeemed over the fair market value at the time of thedividend payment (to the extent not allowable as a deduction in computingnet income for any taxable year) shall be treated as a'dividend paid in the tax-able vcar in which the redemption occurs. (See Article 27 (d)-l, Regulations94.) * In case of a stock dividend or stock right which is a taxable dividend in thehands of shareholders under Section 115 (f), the dividends paid credit withrespect thereto is the fair market value of the 6tock or the stock right at the timeof the payment. (Sec Article 27 (e)-l, Regulations 94.) In the case of amountsdistributed in liquidation the part of such distribution which is properly charge-able to the earnings or profits accumulated after February 28, 1913, is for the.purposes of computing the dividends paid credit treated as a taxable- dividend'paid. (See Article 27 (f)-l, Regulations 94.) No dividends paid credit isallowable with respect to any distribution unless the distribution is pro rata,equal in amount, and with no preference to any share of stock as compared withother shares of the same class. (See Article 27 (g)-l, Regulations 94.) If anypart of a distribution (including stock dividends and stock rights) is not a tax-able dividend in the hands of such of the shareholders as are subject to taxationunder Title I for the period in which the distribution is made, no dividends paid

edit is allowable with respect to such part. (See Article 27 (h)-l, Regulationset94.).)

36. Section 26 (c) provides credits,—(1) In an an amount equal to the excess of the adjusted net income over the

aggregate of the amounts which can be distributed within the taxable year asdividends without violating a provision of a written contract executed by thecorporation prior to May 1, 1936, which provision expressly deals with the pay-ment of dividends. If a corporation would be entitled to a credit under th r

e of a contract , - - - - •aragraph becaui-ecause of other contract provisions,allowed, and for such purpose if twoowed, and for such p

e shall be taken into

•ision and also to one or more creditsily the largest of such credits shall be

_,,* e q u a l m amount, o n ] ye credits

(2) In an amount equal to the portion of the earnings and profits of the taxable,year which is required (by a provision of a written contract executed by thecorporation prior to May 1, 1936, which provision expressly deals with the dis-position of earnings and profits of the taxable year) to be paid within the taxableyear in discharge of a debt, or to be irrevocably set aside within the taxableyear for the discharge of a debt; to the extent that such amount has been BO

paid or set aside. For the purposes of this paragraph, a requirement to pay orset aside an amount equal to a percentage of earnings and profits shall beconsidered a requirement to pay or set aside such percentage of earnings andprofits. As used in this paragraph, the word "debt" does not include a debtincurred after April 30, 1936.

(3) If both paragraph (1) and (2) above apply, the one of such paragraphswhich allows the greater credit shall be applied; and, if the credit allowable undereach paragraph is the same, only one of such paragraphs shall be applied. (SeeArticle 26-2, Regulations 94.)

37. Section 14 (c) provides for a specific credit in the case of a corporationwhich has an adjusted net income of less than $50,000. This spcciSc credit isan amount equal to the excess of 85,000 or the total undistributed net income,whichever is less, over 10 percent of the adjusted net income and is to bededucted from the undistributed net income before computing the surtax.The computation is made first according to the brackets as set forth in Itema34 to 38, inclusive, page 1 of the return. Then there ia added 7 percent of theamount of the specific credit. The sum is the total surtax.

CREDIT FOR TAXES

38. If, in accordance with Section 131 (a), a credit is claimed by a domesticcorporation in Item 43, page 1 of the return, on account of income tax paid to aforeign country or a possession of the United States, Form 1118 should be sub- •mitted with this return, together with the receipt for each such tax payment. <In case credit is sought for taxes accrued but not paid, the form must haveattached to it a certified copy of the return on which each such accrued tax was.based, and the Commissioner may require a bond on Form 1119 for the pay-ment of any additional tax found due if the 'oreign tax when paid differs from theamount claimed. Foreign corporations, domestic corporations 'entitled to thebenefits of Section 251, and corporations organized under the China TradeAct, 1922, are not entitled to claim this credit.

CONSOUDATED RETURNS OF RAILROAD CORPORATIONS

39. Subject to the provisions of Section 141 and Regulations 97, an affiliatedgroup of railroad corporations may make a consolidated income tax return inlieu of separate returns.

40. The common parent corporation, when filing a consolidated return, shallattach thereto a schedule showing the names and addresses of all the corpora-tions included in the return. Eash taxable year each subsidiary must preparetwo duplicate originals of Form 1122 consenting to Regulations 97 and author-izing the making of the return on its behalf. One of such forms shall be attachedto the consolidated re* - - .before the time the cothe subsidiary's distrit..

41. Supporting schedules shall be filed with the consolidated return. Theseschedules shall be prepared in columnar form, one column being provided foreach corporation included in the consolidation, showing in detail the items Ofgross income and deductions and the computation of normal-tax net income,adjusted net income, and undistributed net income; one column for a totalof like items before adjustments are made; one column for intercompany elimi-nations and adjustments; and one column for a total of like items after givingeffect to the eliminations and adjustments. The items included in the columnfor eliminations and adjustments should be symbolized to identify contra itemsaffected, and suitable explanations appended, if necessary. Similar schedulesshall also contain in columnar form a reconciliation of surplus for each corpora-tion, together with a reconciliation of the consolidated surplus._ 42. Consolidated balance sheets as of the beginning and close of the taxableyear of the group shall accompany the consolidated return prepared in a formsimilar to that required for reconciliation of surplus.

See Instruction 30 relative to making excess-profits tax returns

BALANCE SHEETS

43. The balance sheets on page 5 of the return, Schedule L, should agreewith the books, or any differences should be reconciled. The balance sheetsfor a consolidated return should be furnished in accordance with Instruction 42*.All corporations engaged in an interstate and intrastate trade or business andreporting to the Interstate Commerce Commission and to any national, State,municipal, or other public officer, may submit, in lieu of Schedule L, copies oftheir balance sheets prescribed by said Commission or State and municipal!authorities, as at the beginning and end of the taxable year.

In case the balance sheet as at the beginning of the current taxable year doesnot agree in every respect with the balance sheet which was submitted as atthe end of the previous taxable year, the differences should be fully explainedin the space provided under Schedule L.

PERIOD COVERED

44. Except in the case of the first return the corporation shall make- its returnon the basis upon which the return was made for the taxable year immediatelypreceding unless, with the approval of the Commissioner, a change is made imthe accounting period. Applicatior ' ' ' • " •1123.

change shall be made o

SURTAX ON IMPROPERLY ACCUMULATED SURPLUS

45. There shall be levied, collected, and paid for each taxable year (in addi-tion to other taxes imposed by Title I) upon the net income of every corporation(other than a personal holding company as denned in Section 351) if such;corporation, however created or organized, is formed or availed1 of for thepurpose of preventing the imposition of the surtax upon its shareholders orthe shareholders of any other corporation, through the medium of permittingearnings or profits to accumulate instead of being divided or distributed—

(1) In the case of corporations not subject to the surtax imposed by 9'eetiora14, a surtax equal to the sum of the following: 25 percent of the amount of tHe-retained net income not in excess of $100,000, plus 35 percent of the amount ofthe retained net income in excess of S 100,000.

(2) In the case of corporations subject to the surtax imposed by Section 14,, surtax equal to the sum of the following: 15 percent of the amount of thectained net income not in excess of $100,000, plus 25 percent of the amount of, . • j . • „• _ r c i I-Y/\ /\nn "n J .c -J • n n • i A.

Section 351.INFORMATION AT THE SOURCE

4G. Every corporation shall make a return on Forms 1096 and 1099 withrespect to amounts paid, credited, or distributed during the calendar year (a),as salaries or other compensation for personal services, totaling $1,000 or more1

in the case of a citizen or resident who is not married or whose- marital statusis unknown, or $2,500 or more in the case of a married citizen or resident, or(b) as interest, rent, premiums, annuities, or other fixed or determinable incometotaling $1,000 or more to a fiduciary, a domestic or resident p&rtnenship, or a.citizen or resident. The return on Forms 1096 and 1099 shall also includedividend payments amounting to $300 or more during the calendar year 198t>to each shareholder who is an individual (citizen or resident of the UnitedStates), a resident fiduciary, or a resident partnership any member of which iaa citizen or resident, or payments of dividends amounting to $159 or mor©during the period from January 1, 1936; to July 1, 1936, inclusive, to any share-holder who is a nonresident alien individual, a nonresident alien fiduciary, or a-nonresident partnership. The forms will be furnished by any collector ofinternal revenue Upon request. Such returns of information covering thecalendar year 1936 must be forwarded to the Commissioner of Internal Revenue,Sorting Section, Washington, D. C , in time to be received not later thanFebruary 15, 1937.

DUPLICATE RETURN

47. The copy of the return required to be filed on the duplicate form (greenpaper) shall be a complete duplicate of the return except that it need not besigned or sworn to nor accompanied by a copy of Schedule G~l or, in the caseof an insurance company, a copy of the annual statement made to the insurancedepartment of the State, Territory, or District of Columbia. For failure tofile the duplicate return on time there will be asseesed S10, which will be payableupon notice by the collector.


1936


ANALYSIS OF-DIVIDENDS PAID AND RECEIPTS AND EXPENDITURES ON ACCOUNT OF

CHANGES IN CORPORATION'S OBUGATIONS AND CAPITAL STOCK

FOR CALENDAR YEAR 1936

Or fiscal year begun , 1936, and ended , 1937

This s c h e d u l e , to-gether with green copymarked "Dupl icate",must be filed with andas part of the corpora-tion income and excess-profits tax return for thetaxable year.

Dividends paid in treasury stock should be entered in item 2 and not in itethe shareholders be carefully reported in item 9, and correspondingly excluded

is essential that dividends in which the medium of payment is elected by

CHARACTER or DITOIKB

%z1 Cash2* Treasury stock3* Assets other than money or the corporation's own securities

4. Obligations of the corporation (bonds, notes, scrip etc )5. Common stock of the corporation to holders of preferred* stock6. Preferred* stock of the corporation to holders of preferred* stock7. Preferred* stock of the corporation to holders of common stock8. Common stock of the corporation to holders of common stock9. Optional—Medium of payment elected by the shareholders (List below separately tho

amounts disbursed in each medium of payment)Cash.

Other (specify character) .•10. Total (items 1 to 9)11. Dividends paid credit (item 29, page. 1 of return)..

DIVIDENDS

$

%

DIVTBEND3

$

5

TOTAL

(3)

$

Id be considered as »took which U preferred u to tit dividends or waeU Irrespective of

turn

13. Net increase or decrease during taxable year in amount outstanding of

corporation's interest-bearing obligations with original maturity of 1

14. Net proceeds during taxable year from sale of corporation's own inter-est-bearing obligations and capital stock (other than obligations with

15. Net amounts expended during taxable year for retirement of corpora-tion's own interest-bearing obligations and capital stock (other thabobligations with original maturity of 1 year or less)... _ „

16. Net increase or decrease (sum of items 13 and 14 less item 15) _

Interest-bearingobligations iWth

original maturity of Preferred'stock Comman stock TOIAl

ck wbich La preferred as


1936

STATISTICS OF INCOME 213RETURN FORM MARKED "DUPLICATE" MUST BE FILED WITH THIS ORIGINAL RETURN

TREASURY DEPARTMENTINIMNAL REVENUE SEBVICE

(Auditor's SUmp)INSURANCE COMPANY INCOME TAX RETURN

For Calendar Year 1936File This Re

(P

him with the Collector of In

PBINT PLAINLY COM

ost office)

tenuJRer,

(Ni

(Street an

(Coun

:nue for Yow Dutrict oo or B

IAMB AND BUSINESS ADD

uae)

ty)

efore Mirth IS, 1937

BESS

(State)

Schedule C l must be filed, IN DUPLICATE, with and as part of this return, if

Do Not Write in

FibCod.

S3L

Dutrid(C»Uer-8

These Space*

Quh Check M. 0

GROSS INCOME 2. OTHZB DlPABTMSMIa

(a) Obligations of a State, Territory, or political subdivision thereof, orthe District of Columbia, or United States possessions

(6) Obligations issued under Federal Farm Loan Act, or under such Actions issended

(c) Obligations of United States issued on or before September 1, 1917-(d) Treasury Notes, Treasury Bills, and Treasury Certificates of Indebt-

(e) United States Savings Bonds and Treasury Bonds owned in theprincipal amount of $5,000 and under

if) United States Savings Bonds and Treasury Bonds owned in theprincipal aiaount of over $5,000 _

(g) Obligations of instrumentalities of the United States (other than obli-gations to be reported in line (6) above)

(h) Loans, Notes, Mortgages, Bank Deposits, etc. Dividends on Stock of:

(a) Domestic Corporations subject to income tax under Revenue Act of1936 - - -

(6) Domestic Corporations not subject to income tax under Revenue Actof 1

3)

(c) Foreign Corporations

. Rents (attach schedule)

TOTAL INCOME IN ITEMS 1 TO 3 (extend total to coli

DEDUCTIONS

.. Interest Wholly Exempt from Taxation (see Instruction 5)

, percent of the Mean of the Reserve Funds (Item 6, Schedule A).

. Two percent of the Reserve Held for Deferred Dividends

.. Investment Expenses (attach schedule)

'. Taxes (see Instruction 9)

i. Real Estate Expenses ,.

. Depreciation and Obsolescence (attach schedule) ,

. Interest on Indebtedness

;. TOTAL DEDUCTIONS IN ITEMS 5 TO 12 (extend total to column 3)

NET INCOME (Item 4 minus Item 13)

COMPUTATION OF TAX

15

16

17

1"

19.

21.

23.

Nft

Less

Tnr

: I

r>Nor!""'

Nori

Less

Bala

Nnr

Nor

nal

Ir

Tlfll

ome (Item 14 above)

aterest Partially Exempt fronr

ividends Received Credit (85

tax Net Income (Item 15 mi

Tax (15% of Item 18)

Tax (see Ins

% of Item 2

come Tax Paid to a Foreign Country or U

of Tax, Domestic Company (Item 19 min

tax Net Income of Foreign Comnanv f__

Tax, Foreign Company (157 of Item 22).

truction 15)

a))

$

and 17)

nited States Possession by Domestic Company (see Instruction 17

s Item 20)

% of Item 18) (see Schedule A, Item 8)

1$

$$

$$ -S .


We, the undersigned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer, or chief ac>ration for which this return is made, being severally duly sworn, each for himself deposes and says that this return (including itsstatements, if any) ha3 been examined by him and is, to the best of his knowledge and belief, a true, correct, and complete returtaxable year stated, pursuant to the Revenue Act of 1936 and the Regulations issued thereunder.

Subscribed and sworn to before me this day of

iting officer) of the corpo-lompanying schedules andlade in good faith, for the

(Treasurer, Assistant Treasurer, oi


I/we swear (or affirm) that I/we prepared this return for the person named herein and that the return (including its accompanying schedules and statements,if any) is a true, correct, and complete statement of all the information respecting the income tax liability of the person for whom this return has been preparedof which I/we have any knowledge.

Subscribed and eworn to before me

(Name of firm or employer, if any)


1936


SCHEDULE A—RESERVE FUNDS

1. ITEMS

2. Other Reserve Funds (itemize below):

3. TOTALS OP ITEMS 1 AND 2 — _ _

2. BKOIMNUIQ o» TAXABLX YIAB

$

$

-

3. END or TAXABLE Y U I

$

$

4. Total of Columns 2 and 3, as shown in Item 3 above _ $

5. Mean of the Reserve Funds for the Taxable Year (one-half of Item 4). . . . — $

6 percent of the Mean of the Reserve Funds, as shown in Item 5 (see Instruction 6 ) - . . . _ $

7. Total Reserve Funds of Foreign Companies at End of Taxable Year upon Business within the United States (attach statement) $

8. Percentage which Item 7 is of Item 3, Column 3 (compute a fraction of 1 percent to three decimal figures).

9. Give the Title and Sections of State Statutes or Insurance Department Rulings Requiring the Reserves Claimed Above

SCHEDULE B—INVE

1 Real Estate

2. Mortgage Loans.

4 Policy Loans Including Premium Notes

7. Wholly and partially Tax-exempt Obligations:(a) Obligations of a State, Territory, or politi-

cal subdivision thereof, or the District ofColumbia, or United States Possessions..

(6) Obligations issued under Federal FarmLoan Act, or under such Act as amended..

(c) Obligations of United States issued on orbefore September 1, 1917

(d) Treasury Notes, Treasury Bills, andTreasury Certificates of Indebtedness...

(e) United States Savings Bonds and Treas-ury Bonds owned in the principal

(/) United States Savings Bonds and Treas-ury Bonds owned in the principalamount of over $5,000

(?) Obligations of instrumentalities of theUnited States (other than obligations tobe reported in line (6) above)

8 Bank Deposits Bearing Interest

9. Other Interest-bearing Assets (attach statement).

10. TOTALS OP ITEMS 1 TO 9

STED ASSETS BOOK VALUES

LIFE DEPARTMENT

$ $

OTHER DEPARTMENTS

$

$ . . . . $.

AR

11. Total of Columns 2 to 5, inclusive, as shown in Item 10 above

12. Mean of the Invested Assets for the Taxable Year (one-half of Item 11)..

13. One-fourth of 1 percent of the Mean of the Invested Assets

SCHEDULE C—EXPL

(I,Buu> % m w I D ) - ^ -

^NATION OF DEDUCTION FOR DEPRECIATION (See Instr

3.COSTORM.BCH

(INDICATE BASIS)

$

YZAK

$

S\£KVKi

$

5££S

$

lotion 11)

8. ESTIMATED

$

1. Date of incorporation

2. Under the laws of what State o

3. Did the company file a return

taxable year? _ Was n outgrowth,

in existence

• country?

under the same name for the preceding

•a the company in any way

result, continuation, or reorganization of a business or business*

during this or any prior year since December 31, 1917? If

answer is "yes", give name and address oi* each predecessor business, and the

date of the change in entity:

Upon such change were any asset values increased or decreased?

4. State the amount of deferred dividend funds at the end of the taxable

year, exclusive of any Amount held for payments during the following taxable

year: $

5. Describe method used for determining investment expenses shown in

Item 8, page 1 _ . . . . _ . . _ „ _ .

6. Is the method the same as that used in preparing the Gain and Losa

Exhibit for 1935? If not, state change and reason therefor:

included in the investment

8. Did any person or persons advise the compr matter affecting any item or schedule of thisompany in the preparation of this return, or a

7. Are any general expenses in part assigned to o

expenses shown in Item 8, page 1?

PREPARATION OF RETURN (See Instruction 20)

pany in respect of any questioni t r n , or assist or advise the

ly prepare this return forthe company? . . . . „ „ „ „ . . . „ „ . „ . . „ „ „ If so, give the name and address of suchperson or persons and state the nature and extent of the assistance or advicereceived and the items and schedules in respect of which the assistance or advicewas received; if this return was actually prepared by any person or personsother than the company, state the source of the information reported in thisreturn and the manner in which it was furnished to or obtained by such personor persons

INFORMATION RETURN

9. Did the company make a return of information on Forma 1090 and 1090

(se« Instruction 31) for the calendar year 1936?


1936


INSTRUCTIONSThe Instructions Numbered 1 to 12 Correspond with the Item Numbers on Page 1 of the Return

GROSS INCOME AND DEDUCTIONS

1. Interest.—Enter as item 1 interest received from all sourcesduring the taxable year. Interest on bonds is considered incomewhen due and payable.

2. Dividends.—Enter as item 2 (a) the amount received asdividends (1) from a domestic corporation which is subject to taxa-tion under Title I of the Revenue Act of 1936 other than a corporationentitled to the benefits of section 251 of the Revenue Act of 1936and other than a corporation organized under the China Trade Act,1922. Enter as item 2 (6) dividends from a domestic corporation•which is not subject to taxation under Title I of the Revenue Act of1936. Enter as item 2 (c) dividends from a foreign corporation anddividends from a corporation entitled to the benefits of section 251of the Revenue Act of 1936 and a corporation organized under the•China Trade Act, 1922. Submit schedule, itemizing all dividendsreceived during the year, stating amounts and names and addressesof the corporations declaring the dividends.

3. Rents.—Enter as item 3 rents received from tenants.

4. Total income.—Enter as item 4 the total of items 1 to 3,

5. Interest exempt from taxation.—Enter as item 5 the amountof interest which is wholly exempt from taxation under the provisionsof section 22 (b) (4) of the Revenue Act of 1936.

See Instruction 15 with respect to partially tax-exempt interestwhich is allowed as a credit against net income.

6. Percentage of the mean of the reserve funds.—Enter as item 6the amount reported as item 6 in Schedule A. There may bededucted from gross income an amount equal to 4 percent of themean of the reserve funds required by law and held at the beginningand end of the taxable year, except that in the case of any such reservefund which is computed at a lower interest assumption rate, the rateof 3% percent shall be substituted for 4 percent. Life insurancecompanies issuing policies covering life, health, and accident in-surance combined in one policy issued on the weekly premium pay-ment plan, continuing for life and not subject to cancelation, shallbe allowed, in addition to the above, a deduction of 3% percentof the mean of such reserve funds (not required by law) held at thebeginning and end of the taxable year, as the Commissioner findsto be necessary for the protection of the holders of such policiesonly. For definition of "allowable reserves" see Article 203 (a)<2)-l, Regulations 94.

7. Two percent of the reserve held for deferred dividends.—Enteras item 7 an amount equal to 2 percent of the reserve held at the endof the taxable year for deferred dividends the payment of which isdeferred for a period of not less than 5 years from the date of thepolicy contract. Do not include in such reserve dividends payableduring the following taxable year.

8. Investment expenses.—Enter as item 8 expenses paid whichare properly chargeable to investment expenses, the total amountof which, if there be any allocation of general expenses to investmentexpenses, should not exceed one-fourth of 1 percent of the mean oft he invest ed assets reported in item 11, Schedule B. Submit a sched-ule showing the nature and amount of the items included herein, theminor items being grouped in one amount. See section 203 (a) (4)of the Revenue Act of 1936. For definition of "general expenses"see Article 203 (a) (4)-l, Regulations 94.

9. Taxes.—Enter as item 9 taxes paid exclusively upon realestate owned by the company and taxes assessed against individualshareholders and paid by the company without reimbursement, asprovided in section 203 (a) (5) of the Revenue Act of 1936. Do notinclude taxes assessed against local benefits of a kind tending toincrease the value of the property assessed, as for paving, sewers, etc.For limitation on deduction see Article 203 (b)-l, Regulations 94.

10. Real estate expenses.—Enter as item 10 all ordinary and.necessary building expenses, such as fire insurance, heat, light, labor,etc., and the cost of incidental repairs which neither materially addto the value of the property nor appreciably prolong its life, butkeep it in an ordinarily efficient operating condition. Do not includeany amount paid out for new buildings or for permanent improve-ments or betterments made to increase the value of any propertyor any amount expended on foreclosed property before such prop-erty is held forth for rental purposes. For limitation on deductionsee Article 203 (b)-l, Regulations 94.

11. Depreciation.—The amount deductible on account of depre-ciation in item 11 is an amount reasonably measuring the portionof the investment in depreciable property by reason of exhaustion,wear and tear, or obsolescence, which is properly chargeable againstthe operations of the year. In- any event the deduction is limitedto the depreciation on the property that is used, and to the extentused, for the purpose of producing the income specified in section

202 (a) of the Revenue Act of 1936. If the property was acquired bypurchase-on or after March 1, 1913, the amount of depreciationshould be determined upon the basis of the original cost (not re-placement cost) of the property, and the probable number of yearsremaining of its expected useful life. In case the property waspurchased prior to March 1,1913, the amount of depreciation will bodetermined in the same manner, except that it will be computed onits original cost, less depreciation sustained prior to March 1, 1913,or its fair market value as of that date, whichever is greater. If theproperty was acquired in any other manner than by purchase, seesection 114 of the Revenue Act of 1936. The capital sum to berecovered should be charged off ratably over the useful life of theproperty. Whatever plan or method of apportionment is adoptedmust be reasonable, must have due regard to operating conditionsduring the taxable year, and should be described in the return.

If a deduction is claimed on account of depreciation, Schedule Cshould be filled in. In case obsolescence is included, state separatelyamount claimed and basis upon which it is computed. Land valuesor cost must not be included in the schedule, and where land andbuildings were purchased for a lump sum the cost of the buildingsubject to depreciation must be established.

The adjusted property accounts and the accumulated depreciationshown in the schedule should be reconciled with those accounts asreflected on the books of the taxpayer.

Stocks, bonds, and like securities are not subject to exhaustion,wear and tear, within the meaning of the law.

See sections 23 (1), 114, and 203 (a) (6) of the Revenue Act of 1936.For limitation on deduction see Article 203 (b)-l, Regulations 94.12. Interest on indebtedness.—Enter as item 12 the amount of

interest paid during the taxable year on the company's indebtedness,except on indebtedness incurred or continued to purchase or carryobligations (other than obligations of the United States issued afterSeptember 24, 1917, and originally subscribed for by the taxpayer)the interest upon which is wholly exempt from taxation. Interestpaid on dividends held on deposit and surrendered during the tax-able year should be included in this item. Do not include anyinterest paid on deferred dividends on which a deduction wasallowed under item 7.

If a life insurance company pays interest on the proceeds of lifeinsurance policies left with it pursuant to the provisions of supple-mentary contracts, not involving life contingencies, or similar con-tracts, the interest so paid shall be allowed as a deduction from grossincome, except that such deduction shall not be allowed in respectof interest accrued in any prior taxable year to the extent that thacompany has had the benefit of a deduction of 4 percent or 3?«percent, as the case may be, of the mean of the company's liabilityon such contracts, by the inclusion of such liability in its reservefunds.

13. Rental value of real estate.—The deduction included in items9 to 11 on account of real estate owned and occupied in whole orin part by the company shall be limited to an amount which bear*the same ratio to such deduction (computed without regard to sub-section (b) of section 203 of the Revenue Act of 1936) as the rentalvalue of the space not so occupied bears to the rental value of theentire property. (Submit detailed schedule.)

14. Items not deductible.—No deduction is allowable for theamount of any item or part thereof allocable to a class of exemptincome, other than interest. Items directly attributable to suchexempt income shall be allocated thereto, and items directlyattributable to any class of taxable income shall be allocated to suchtaxable income. A taxpayer receiving any exempt income, otherthan interest, or holding any property or engaging in any activitythe income from which is exempt shall submit with its return as apart thereof an itemized statement, in detail, showing (1) the amountof each class of exempt income, and (2) the amount of items allocatedto each such class (the amount allocated by apportionment beingshown separately).

CREDITS AGAINST NET INCOME15. Enter as item 16 the amount of interest included in gross

income which is partially exempt from taxation under the provisionsof section 22 (b) (4) of the Revenue Act of 1936.

16. Enter as Item 17, 85 percent of the amount received as divi-dends from a domestic corporation which is subject to income taxunder the Revenue Act of 1936 — 85 percent of Item 2 (a).

CREDIT FOR TAXES17. If credit is claimed in item 20 for income tax paid to a foreign

country or possession of the United States, Form 1118, togetherwith the receipt for each such tax payment, must be submitted withthis return. If credit is claimed for taxes accrued a bond may alsobe required on Form 1119. A foreign company is cot entitled toclaim this credit. t-nv*


1936

216 STATISTICS OY INCOME

LIST OF ATTACHED SCHEDULES

18. Attach a list of the schedules accompanying this return, givingfor each a brief title and the schedule number. Place name andaddress of company on each schedule.

COMPANIES REQUIRED TO FILE A RETURN

19. liability.—Every domestic life insurance company and everyforeign life insurance company carrying on an insurance businesswithin the United States or holding reserve funds upon businesstransacted wi thin the United States, issuing life insurance and annuitycontracts (including contracts of combined life, health, and accidentinsurance), the reserve funds of which held for the fulfillment of suchcontracts comprise more than 50 percent of its total reserve funds,shall file a return on this form. See sections 201 to 203 of the RevenueAct of 1936.

20. Basis of return.—A return on this form shall be rendered on acash receipts and disbursements basis in confonnity with the annualstatement made to the State Insurance Department, instead of theaccrual basis.

21. Annual statement—A copy of the annual statement for lifeinsurance companies adopted by the National Convention of In-surance Commissioners for the year 1936, as filed with the InsuranceDepartment of the State, Territory, or District of Columbia, whichshows the reserves used in computing the net income reported onthe return, together with copies of Schedule A (real estate) and Sched-*Je D (bonds and stocks), must accompany this return. Similarcopies for the preceding year must also be furnished, if not filedwith the return for the previous year.

22. Compensation of officers and employees.—If the companyp&id to any officer or employee during the taxable year compensationfor personal services in excess of $15,000, Schedule C-l (copies ofwhich may be obtained from the collector of internal revenue) mustbe filed, IN DUPLICATE, with and as part of this return.

PERIOD COVERED

23. The return shall be for the calendar year ended December 31,1936, and the net income computed on the calendar year basis inaccordance with the State laws regulating insurance companies.


24. The return must be sent to the collector of internal revenue forthe district in which the company's principal place of business orprincipal office or agency is located, so as to reach the collector'soffice on or before March 15, 1937. In the case of a foreign companymaintaining an office or place of business within the United States,the return shall be filed on or before June 15, 1937.

The collector of internal revenue may grant a reasonable extensionof time for filing a return, not to exceed 6 months, if applicationtherefor is made before the date prescribed by law for filing suchreturn, whenever in his judgment good cause exists.

AFFIDAVITS

25. The return shall be sworn to by the president, vice president,or other principal officer, and by the treasurer, assistant treasurer,or chief accounting officer. Receivers, trustees in dissolution, trusteesin bankruptcy, and assignees, operating the property or business ofcorporations, must make returns of income for such corporations.If a receiver has full custody of and control over the business or prop-erty of a corporation, be shall be deemed to be operating suchbusiness or propert}', whether he is engaged in carrying on the busi-ness for which the corporation was organized or only in marshaling,selling, and disposing of its assets for purposes of liquidation. Anattorney or agent employed to represent the company before theDepartment is not permitted to administer the oath.

26. Question 8 at the foot of page 2 of the return should beanswered fully, and where the return is actually prepared by someperson or T>ersons other than the taxpayer, such person or personsmust execute the affidavit at the foot of page 1 of the return.

PAYMENT OF TAX

27. The tax should be paid by sending with the return a check ormoney order drawn to the order of "Collector of Internal Revenueat (insert name of city and State)." Do not send cash by mail, norpay it in person except at the collector's office.

The tax may be paid at the time of filing the return, or in fourequal installments, as follows: The first installment shall be paid onor before March 15, 1937, the second installment on or before June15, 1937, the third installment on or before September 15, 1937,and the fourth installment on or before December 15, 1937.

If any installment is not paid on the date fixed for its payment,the whole amount of the tax unpaid shall be paid upon notice anddemand by the collector.

PENALTIES

28. For willful failure to make and file a return on time.—Notmore than $10,000, or imprisonment for not more than 1 year, orboth, together with the costs of prosecution, and, in addition, 5percent to 25 percent of the amount of the tax.

29. For Trill/ulJy attempting to evade or defeat payment of thetax.—Not more than $10,000, or imprisonment for not more than 5years, or both, together with the costs of prosecution.

30. For deficiency due to negligence or fraud.—Five percent of theamount of the deficiency if due to negligence or intentional disregardof rules and regulations without intent to defraud, or 50 percent ofthe amount of the deficiency if due to fraud.

INFORMATION AT SOURCE

31. Every insurance company shall make a return on Forms 1096and 1099 with respect to amounts paid, credited, or distributedduring the calendar year (a) as salaries or other compensation forpersonal services, totaling $1,000 or more in the case of a citizen orresident who is not married or whose marital status is unknown, or$2,500 or more in the case of a married citizen or resident, or (6) asinterest, 'rent, premiums, annuities, or other fixed or determinableincome totaling $1,000 or more to a fiduciary, a domestic or residentpartnership, or a citizen or resident. The return on Forms 1096 and1099 shall also include dividend payments, amounting to $300 ormore during the calendar year 1936 to each shareholder who is anindividual (citizen or resident of the United States), a residentfiduciary, or a resident partnership any member of which is a citizenor resident, or payments of dividends amounting to $150 or moreduring the period from January 1, 1936, to July 1, 1936, inclusive,to any shareholder who is a nonresident alien individual, a nonresi-dent alien fiduciary, or a nonresident partnership. The forms willbe furnished by any collector of internal revenue upon request.Such returns of information covering the calendar year 1936 mustbe forwarded to the Commissioner of Internal Revenue, SortingSection, Washington, D. C , in time to be received not later thanFebruary 15, 1937.

DUPLICATE RETURN

32. The copy of the return required to be filed on the duplicateform (green paper) shall be a complete duplicate of the returnexcept that it need not be signed or sworn to nor accompanied bya copy of Schedule C-l or a copy of the annual statement made tothe insurance department of the State, Territory, or District ofColumbia. For failure to file the duplicate return on time therewill be assessed $10, which will be payable upon notice by thecollector.


1936



RETURN OF PERSONAL HOLDING COMPANYSUBJECT TO SURTAX UNDER SECTION 351 OF THE REVENUE A a OF 1936

For Calendar Year 1936or Fiscal Year begun , 1936, and ended , 1937 Di.trid

<Ca»hier'l Stamp)

Did any person or pe;

corporation in the prepara

ns advise the corporation in respect of any question or matter affecting any item or schedule of this return, or assist or advise the

n of this return, or actually prepare this return for the corporation? If so, give the name and address of such person

tance or advice received and the items and schedules in respect of which the assistance or advice was received;or persons other than the corporation, state the source of the information reported in this return and the

>r obtained by such person or persons „

ADJUSTED NET INCOME (see Instruction 5)

e (as defined in Title I of the Revenue Act of 1936)

'. Less: Federal income, war-profits, and excess-profits taxes (not deducted la computini

;. Contributions or gifts (not deducted In computing Item 1) (from Schedule C)_..

:. Losses from sale or exchange of capital assets

>. Income tax paid to a foreign country or U. S. f

TOTAL OF ITEMS 2 TO 5

ADJUSTED NET INCOME (lt«m i minus a

$

UNDISTRIBUTED ADJUSTED NET INCOME (se

, Less: Dividends from personal holding companies (from Schedule A)

. 20% of Item 10

, Amount used or set aside to retire indebtedness (from Schedule K) (see Im

. Dividends paid credit

UNDISTRIBUTED ADJUSTED NET INCOME (Item 8 colon

COMPUTATION OF TAX

I. Surtax on portion of Item 15 not in excess of $2,000

'. Surtax on portion of Item 15 in excess of $2,000 and not in excess of $100,000

i. Surtax on portion of Item 15 in excess of $100,000 and not in excess of $500,000

I. Surtax on portion of Item 15 in excess of $500,000 and not in excess of $1,000,000...

». Surtax OD portion of Item 15 in excess of $1,000,000

TOTAL SURTAX (Amount of surtax in Items 16 to 20, inclusive)

' $ - I

AFFIDAVIT (see Instruction 7)

We, the undersigned, president (or vice president, or other principal officer) and treasurer (or assistant treasurer, or chief accounting officer) of the corpora-tion for which this return is made, being severally duly sworn, each for himself deposes and says that this return (including any accompanying schedules andstatements) has been examined by him and is, to the best of his knowledge and belief, a true, correct, and complete return, made in good faith, for the taxableyear stated, pursuant to the Revenue Act of 1936 and the Regulations issued thereunder.

n to before me this

(Signature of officer administering oa

I/we swear (or affirm) that I/we prepared this return for the person named herein and that the return (including any accompanying schedules and statements)is a true, correct, and complete statement of all the information respecting the additional graduated income tax or surtax liability of the person for whom thisreturn has been prepared of which I/we have any knowledge.

Subscribed and sworn to before me this day of

of person preparing the return)

(Signature or officer admialflWring oath)"


1936


SCHEDULE A— Diridenda Reeelred from Personal Holding Companies

TOTAL (enter as Ite m 9)

NA-, m A*,.*, or P ^ A , Hou.0,0 CO«,AN,

$

$.

SCHEDULE B—Federal Income, War-Profits, and Excess-Profits Taxes

Nora.-e below all Federal income, -n—Include the surtax under si

w-profits, and iection 14 of the

excessi Revc

-profits taxes paid <inue Act of 1936, b

)r accrued during the year, stating the amut not the excess-profits tax imposed by

iount and ycsection IOC

tar foriof th

which paid or accne Revenue Act of 1!

led.)35.

SCHEDULE C—Statement of Contributions (see Instruction 5)

T o

N A

TAL C O N T R

Hi o r O B

B C T I O N

3ANIZATI0M

(enter as Itenl 3)

A - O ^ P A H ,

S

NAME OrO-OAHUATK* AMOONr P A I D

$

NAUI AND ADDHISS OT EAC

TOTAL (if different from Item 7 submit explanation).

SCHEDULE E—Deductions Claimed for Amounts Used or Set Aside to Retire Indebtedness Incurred Prior to January 1, 1934

1. iNDXBTIDNZSa

Mo. Dav Yea, Mo. DaV Year

t . . $

yi

$ $ — 11


1936


TITLE IA, REVENUE ACT OF 1936XES

S«c. 351. SURTAX ON PERSONAL HOLDING COMPANIES.(a) IMPOSITION OF TAX.—There shall be levied, collected, and paid,

for each taxable year (in addition to the taxes imposed by Title I), upon theundistributed adjusted net income of every personal holding company a surtaxequal to the sum of the following:

in excess of $2,000; plusxcess of $2,000 and not in excess

(1) 8 per(2) 18 per

of $100,000;

cer

cepli

itumntum

of the anof the an

lount thereofaount thereof

(3) 28 per centum of the amount thereof in icess of $500,000; plus(4) 38 per centum of the amount thereof in <cess of $1,000,000; plus(5) 48 per centum of the amount thereof in es(b) DEFINITIONS.—As used in this title—

l holding company"f taxati

ess of $100,000 and not

ess of $500,000 and

ss of $1,000,000.

t in

(1) The term "perthan a corpor

a bank,

orporation (otheion 101, and otheimpt from"taxation undeL

is defined in section 104, and other than a lile-insurancerety company) if—(A) at least 80 per centum of its grosstaxable year is derived from royalties, dividends, inter-

est, annuities, and (except in the case of regular dealers in stock orsecurities) gains from the sale of stock or securities, and (B) at anytime during the last half of the taxable year more than 50 per centumin value of its outstanding stock is owned, directly or indirectly, by orfor not more than five individuals. For the purpose of determining theownership of stock in a personal holding company—(C) stock owned,directly or indirectly, by a corporation, partnership, estate, or trust

isidered as being owned proportionately by its shareholders,_r beneficiaries; (D) an individual shall be considered as

, to the exclusion of any other individual, the stock owned," "" :ctly, by his family, and this rule shall be applied in

_ -O produce the smallest possible number of individualsowning, directly or indirectly, more than 50 per centum in value of theoutstanding stock; arid (E) the family of an individual shall includeonly his brothers and sisters (whether by the whole or half blood),spouse, ancestors, and lineal descendants.

(2) The term "undistributed adjusted net income" means the adjusted net

compan

directshallp a r t n ,owning, tdirectly o

h

adj

;rthe

a credit for the purposes of the tas imposed by section

aside to re

are allowable a13 or 204;

(B) Amounts used oiJanuary 1, 1934, if such amousize and terms of such indebte „,

(C) The amount of the dividends paid credit provided in section 27,computed without the benefit of subsection (b) thereof (relating to thedividend carry-over).

(3) The term "adjusted net income" means the net income minus the sum of:(A) Federal income, war-profits, and excess-profits taxes paid or

accrued during the taxable year to the extent not allowed as a deductionby section 23, but not including the tax imposed by this section or acorresponding section of a prior income-tax law;

(B) Contributions or gifts, not otherwise allowed as a deduction, toor for the use of donees described in section 23 (o) for the purposestherein specified, including, in the case of a corporation organized priorto January 1, 1936, to take over the assets and liabilities of the estate ofa decedent, amounts paid in liquidation of any liability of the corpora-tion based on the liability of the decedent to make any such contribu-tion or gift, to the extent such liability of the decedent existed prior toJanuary 1, 1934; and

(C) Losses from sales or exchanges of capital assets which are dis-allowed as a deduction by section 117 (d).

(4) The terms used in this section shall have the same meaning as when usedin Title I.

(c) ADMINISTRATIVE PROVISIONS.—All provisions of law (includingpenalties) applicable in respect of the taxes imposed by Title I of this Act,shall insofar as not inconsistent with this section, be applicable in respect of thetax imposed by this section, except that the provisions of section 131 of thattitle shall not be applicable.

(d) PAYMENT OF SURTAX ON PRO RATA SHARES.—The tax im-posed by this section shall not apply if (1) all the shareholders of the corporationinclude (at the time of filing their returns) in their gross income their entirepro rata shares, whether distributed or not, of the adjusted net income of thecorporation for such year, and (2) 90 per centum or more of such adjusted netincome is so included in the gross income of shareholders other than corporations.Any amount so included in the gross income of a shareholder shall be treated asa dividend received. Any subsequent distribution made by the corporation outof earnings or profits for such taxable year shall, if distributed to any shareholderwho has so included in his gross income his pro rata share, be exempt from taxin the amount of the share so included.

(e) IMPROPER ACCUMULATION OF SURPLUS.—For surtax on corpo-rations which accumulate surplus to avoid surtax on stockholders, see section 102.

INSTRUCTIONS

1. SURTAX ON PERSONAL HOLDING COMPANIESSection 351 of Title IA

graduated income tax or ,companies. Corporations so <tions improperly accumulatingare not exempt from the otheiimposed by section 102, the suiholding companies defined

iposes (in addition to the taxes imposed by Title I) a-tax upon corporations classified as personal.holdingo classified are exempt from the surtax on corpora-ine surplus imposed by section 102 of Title I, but

axes imposed by that title. Unlike the surtaxx imposed by section 351 applies to all personal

jh in Instruction 2 regardless of whether or not.. ailed of to accumulate earnings or profits for the purpose

lpon shareholders.ign corporation, whether resident or nonresident, which is classified as

a personal holding company (Instruction 2), is subject to the tax imposed bysection 351 with respect to its income from sources within the United States.

2. CLASSIFICATION OF A PERSONAL HOLDING COMPANY

A personal holding company is defined as any corporation (including foreignas well as domestic corporations not otherwise exempt), first, 80 percent ormore of whose gross income for the taxable year was derived from royalties,dividends, interest, annuities, and gains from the sale of stock or securities;and, second, more than 50 percent in value of whose outstanding stock wasowned, directly or indirectly, at any time during the last half of the taxableyear by or for not more than five individuals. The only corporations specificallyexempt from this tax are as follows: (1) Corporations exempt from taxation undersection 101 of Title I; (2) banks and trust companies, as defined in section 104;(3) life insurance companies; and (4) surety companies.

It is the nature of the gross income and the ownership of the outstanding stock

c p brthe classification. Gross income must be determined forand the ownership of the stock outstanding must be deteownership at ti

which determine the classification as a personal holding company,conditions with respect to both must be satisfied to bring a corj

• - '' Gross income must be determined for the entire taxable year>f the stock outstanding must be determined according to itsime during the last half of the taxable year.^ Inasmuch as

»u,.u ^.m......,™ ^ can vary from year to year, a corporation'rhay constitutea personal holding company for some years and not for other years. In thatcase, the surtax liability shall be determined under section 351 only for the yearsin which the corporation comes within the classification as a personal holdingC°Thegross income for purposes of section 351 (b) (1) means (1) in the case ofa domestic corporation its gross income as defined in sections 22, 204, and 207of Title I and (2) in the case of a foreign corporation, whether resident or non-resident, its gross income from sources within the United States as defined anddescribed in section 119. Gross income is not synonymous with gross receipts.For example, in the case of a sale or exchange of property, it includes only theexcess of the amount realized therefrom over the adjusted basis provided for insection 113 (b). It does not include gains which are not recognized under section112 (b). In the case of a corporation reporting on the installment basis, itincludes only that portion of the gain returnable as income under section 44.In the case of a manufacturing, merchandising, or mining business," grossincome" means the total sales, less the cost of goods sold, plus any income frominvestments and from incidental or outside operations or sources. In determin-ing gross income, subtractions should not be made for depreciation, depletion,selling expenses, or losses, or for items not ordinarily used in computing the costof goods sold. Sales of capital assets as defined in section 117 must be treatedas separate transactions and only those sales which individually resulted inprofits shall be considered in determining the gains derived from such source.Gains from aU transactions involving stock in trade, etc., are determined forthe taxable year as a whole instead of separately.-

3. NATURE OF GROSS INCOME

From the standpoint of the nature of the gross income, a corporation comeswithin the definition of a personal holding company for any taxable year when80 percent or more of Its gross income for such taxable year was derived fromthe following sources:

(a) Royalties.—The term "royalties" includes-amounts received for the useof or for the privilege of using patents, copyrights, secret processes and formulas,Rood will, trade marks, trade brands, franchises, and other like property. Itdoes not include rents, nor overriding royalties received by an operating com-pany. As used in this paragraph the term "overriding royalties" means amountsreceived from a sublessee by the operating company which originally leased anddeveloped the natural resource property in respect of which such overridingroyalties are paid.

(M Dividends —The term "dividends" means dividends as defined in section115 (a) It does not include stock dividends (to the extent they do not consti-tute income to the shareholders within the meaning of the sixteenth amendmentto the Constitution), liquidating dividends, or other capital distributionsreferred to in section 115 (c) and (d).

(c) Interest.—The term "interest" means any amounts, includible m grossincome under Title I, received for the use of loaned money.

iecurities" includes shares o:l (including any joint-stocl

organization classified a;

ive reference to titles and sections of the Revenue Act

(d) Annuities.—The term "annuities" iincludible in the computation of gross incc

(e) Gains from the sale of stock or securities.—The term "gains from the saleof stock or securities" applies to all gains (including gains from liquidatingdividends and other distributions from capital) from the 6ale or exchange ofstock or securities includible in gross income under Title I. The term "stock

rtificates of stock or interest in any corpora-jmpany, insurance company, association orirporation by the Act), certificates of interestig agreement or in any oil, gas, or other min-

ollateral trust certificates, voting trust certificates, stock;hts or warrants, bonds, debentures, certificates of indebtedness, notes, carust certificates, bills of exchange, obligations issued by or on behalf of aovernment, State, Territory, or a political subdivision thereof, etc.In the case of "regular dealers in stock or securities" the term does not includetins derived from the sale or exchange of stock or securities made in the>rmal course of business. The term "regular dealers in stock or securities"eans corporations with an established place of business regularly engaged ine purchase of stock or securities and their resale to customers. Such corpora-jns are not dealers with respect to stock or securities held for speculation orvestment.

4. STOCK OWNERSHIPFrom the standpoint of the ownership of the outstanding stock, a corporationmes within the definition of a personal holding company for any taxable:ar if at any time during the last half of the taxable year more than 50 percent

if the stock outstanding waa owned, directly or indirectly, by or forfive individuals. The ownership of the stock shall be determinednot more than _

in accordance with the following rules:(a) All forms and classes of stock, however denominated, which represent

the interests of the shareholders, members, or beneficiaries in the corporationshall be taken into consideration. For the purpose of determining such owner-ship, the Act provides that stock owned, directly or indirectly, by a corporation,partnership, estate or trust shall be considered as being owned proportionatelyby its shareholders, partners, or beneficiaries.

(6) The stock outstanding only tiurlng the last half of the taxable year shallbe taken into consideration. However, and in the event of any change inthe stock outstanding during such period, whether in the number of shares orclasses of stock or whether in the ownership thereof, the conditions existingimmediately prior and subsequent to each change must be taken into consider-ation, since a corporation comes within the classification if the statutory condi-tions with respect to stock ownership are present at any time during the periodspecified.

^dividual Bhall include all stock in the samedirectly, by the members of his family. For

t r ^ ^dividual shall include only his brothers andBisters (whether by the whole or half blood), spouse, ancestors, and lineal de-scendants. The Act further provides that this rule shall be applied in suchmanner as to produce the minimum possible number of individuals owning, di-rectly or indirectly, more than 50 percent in value of the outstanding stock.

For example, the M corporation at some time during the last half ofthe taxableyear had 1,800 shares of outstanding stock, 450 of which were held by variousindividuals having no relationship to one another and the remaining 1,350 wereheld by 50 shareholders having the relationships and individual shareholdingsas follows:

(c) The stock owned by an iorporation owned, directly or i

purpose the family of a( h t h by the h l

RELATIONSHIPS

KD Individual

8HABE8

AB 10

A W B W 10

8 H i E E ,

I iBWF 10

SHARES

CW 40

IsL'is

EHABES

D W 40

D8 40'

DWBW 10

S H . B E ,

1 IIn the above example by applying the statutory rule, five individuals owned

B (including B F ! BW| B B | BSJ BSHS)!"""CW (including C, CS, CWF, CWB)

.l160220200170

CW (including C, CS, CWF, CWB)DB (including D, DF, DBW)EWB (including EW, EWF, EWBW)

TOTAL OE MOBB THAN 50 PERCENT WO

It will be noted that individual A represents the obvious case where the headof the family owns the bulk of the family stock and naturally is the head of


1936


because of the ownership of stock by his immediate family. Individuals Cand D represent cases where the individuals fall in groups headed in C's caseby his wife and in D's case by his brother because of the preponderance ofholdings on the part of relatives by marriage. Individual E represents the casewhere the preponderant holdings of others eliminate that individual from thegroup.

(d) In determining whether the statutory conditions with respect to stockownership are present at any time during the period specified, the phrase "invalue" shall, in the light of all the circumstances, be deemed the value of thecorporate stock outstanding at 6uch time (not including treasury stock). Thisvalue may be determined upon the basis of the company's net worth, earningand dividend paying capacity, appreciation of assets, and any other factorhaving a bearing upon the value of the stock. If a value of stock' is' usedwhich is greatly at variance with that reflected by the corporate books, theevidence upon which such valuation is based should be filed with the return.In any case where there are two or more classes of stock outstanding, the totalvalue of all the stock should be allocated among the different classes accordingto the relative value of each class therein.

5. COMPUTATION OF UNDISTRIBUTED ADJUSTED NET INCOME

Innet in r rcorporation by subtracting from the corporate net income, as defined in Title I,the amount of (a) Federal income, war-profits, and excess-profits taxes paid oraccrued during the taxable year to the extent not allowed as a deduction bysection 23, but not including the tax imposed by section 351 or correspondingsections of prior Revenue Acts; (6) contributions or gifts not otherwise allowedas a deduction to or for the use of donees described in section 23 (o) for the pur-poses therein specified, including, in the case of a corporation organized priorto January 1, 1936, to take over the assets and liabilities of the estate of adecedent, amounts paid in liquidation of any liability of the corporation basedon the liability of the decedent to make any such contribution or gift, to theextent such liability of the decedent existed prior to January 1, 1934; and (c)losses from sales or exchanges of capital assets which are disallowed as a deduc-tion by section 117 (d). In the case of a foreign corporation, whether residentor nonresident, which files or causes a return to be filed, the "adjusted netincome" means the net income from sources within the United States (grossincome from sources within the United States as defined and described in section119 less statutory deductions) minus the amount of the deductions enumeratedin (a), (6), and (c), above. In the case of a foreign corporation, whether resi-dent or nonresident, which files no return the "adjusted net income" meansthe gross income from sources within the United States as defined and describedin section 119 less the deductions enumerated in (a), (6), and (c) above butwithout the benefit of any deductions under Title I. (See section 233.)

The "adjusted net income" includes interest upon obligations of the UnitedStates and obligations of a corporation organized under Act of Congress, ifsuch corporation is an instrumentality of the United States, except as providedin section 22 (b) (4). The "adjusted net income" does not include interest onobligations of States or Territories of the United States or any political sub-division thereof or of the District of Columbia or of the possessions of theUnited States.

The "undistributed adjusted net income" is computed by subtracting fromthe "adjusted net income" described above, (a) an amount equal to 20 percentof the excess of the adjusted net income over the amount of dividends receivedfrom personal holding companies which are allowable as a credit for the pur-pose of the tax imposed by section 13 or 204, (b) reasonable amounts used orset aside to retire indebtedness incurred by the taxpayer prior to January 1,1934 (see Instruction 6), and (c) the amount of the dividends paid credit allowedunder section 27, computed without the benefit of subsection (b) thereof.

The foreign tax credit permitted by section 131 with respect to the taxesimposed by Title I is not allowed with respect to the surtax imposed by section351. However, the deduction of foreign taxes under section 23 (c) is permittedfor the purposes of the surtax even if for the purposes of the corporate taximposed by Title I a credit for such taxes is taken.

6. AMOUNTS USED OR SET ASIDE TO RETIRE INDEBTEDNESSINCURRED PRIOR TO JANUARY 1, 1934

W, 1jr sirniTar obligations representing indebtedness incurred prior to Ji .1934, for the purpose of raising capital (or assumed prior to that date in con-nection with the acquisition of capital assets by which such indebtedness issecured) the taxpayer—

(1) retires during the taxable year an amount of such indebtedness, or(2) establishes a sinking fund or reserve for the retirement of 6uch indebted-

ness during the taxable year, and sets aside in such fund or reservean amount for the retirement of such indebtedness—

in determining the undistributed adjusted net income for the taxable year, adeduction from the adjusted net income is aUowable in a'reasonable amountin respect of the amount so paid or set aside in such fund or reserve during thetaxable year.

The amount allowable as a deduction in any case piust be reasonable, consider-ing the nature, purposes, scope, conditions, amount, maturity, and other termsof the indebtedness. No deduction is allowable unless it appears, either fromthe covenants of the obligations or from a recognized business and accountingpractice respecting the retirement of such indebtedness, that provision for retire-ment must be made out of earnings for the taxable year before distribution ofsuch earnings may be made. The reasonableness of the deduction shall bedetermined by existing conditions known at the close of the taxable year.Th f t t h t t h t b d t id i i will not.determined by existing conditions nown at the closeThe fact that amounts have not been used or set aside in proentitle the taxpayer to deduct in any taxable year a greater amootherwise be allowable. Amounts paid or set aside to discharge cfor expenses, salaries,resale, dividends, balai

ethan wnt liabiliti

on account, or otherwise) do not ci . . . . . .as respects liabilities which are payable at the convenience of either the debtoror the creditor, or on the demand of either.

Notis otheunder any applicable prior income tax act.

A resolution, specifying the particular indebtedness to be retired, the plan ofretirement, and the specific assets to be used for that purpose, passed by theboard of directors or corresponding authority during the taxable period or priorthereto, will be considered sufficient to meet the statutory requirement that theamounts must be "set aside." A CERTIFIED COPY OF SUCH RESOLU-TION MUST ACCOMPANY THIS RETURN.

The burden of proof will rest upon the taxpayer to sustain the deductionclaimed. Therefore, the taxpayer must furnish the information required bySchedule E of this return and such other information as the Commissioner mayrequire in substantiation of the deduction claimed.

7. SIGNATURES AND VERIFICATION

The return shall be sworn to by the president, vice president, or other prin-cipal officer, and by the treasurer, assistant treasurer, or chief accounting officer.The return of a foreign corporation having no office or place of business in theUnited States but having an agent in the United States shall be sworn to bysuch agent.

8. TIME AND PLACE FOR FILING

The return must be filed on or before the fifteenth day of the third monthfoUowing the close of the taxable year with the coUector of internal revenuefor the district m which is located the corporation's principal place of businessor principal office or agency. In the case of a foreign corporation the returnshaU be filed on or before the fifteenth day of the sixth month foUowing the closeof the taxable year. The return of a foreign corporation not having any officeor place of business in the United States shall be filed with the Collector ofInternal Revenue, Baltimore, Maryland.

The coUector of internal revenue may grant a reasonable extension of timefor filing a return, not to exceed 0 months, if application therefor is made beforethe date prescribed by law for filing such return, whenever in his judgment

9. PAYMENT OF TAX

Checks or money orders in payment of the tax should be drawn to the orderof "Collector of Internal Revenue at (insert name of city and State)." Do notsend cash by mail, nor pay it in person except at the collector's office.

The total amount of tax may be paid when the return is filed or in four equalinstaUments as follows: The first installment shaU be paid on or before the dateprescribed for filing the return, the second installment shall be paid on or beforethe fifteenth day of the third month, the third installment on or before thefifteenth day of the sixth month, and the fourth installment on or before thefifteenth day of the ninth month, after the date prescribed for paying the firstinstallment.

If any installment is not paid on the date fixed for its payment, the wholeamount of the tax unpaid shaU be paid upon notice and demand by the collector.

10. PENALTIES

For willful failure to make and file return on time—Not more than $10,000or imprisonment for not more than one year, or both, and in addition 5 to 25percent of the amount of the tax.

than $10,000 or imprisonment for not more than five years, or both, togetherwith the costs of prosecution.

For deficiency due to negligence or fraud.—Five percent of the amount of thedeficiency if due to negligence or intentional disregard of rules and regulationswithout intent to defraud, or 50 percent of the amount of the deficiency if dueto fraud.

11. PAYMENT OF SURTAX ON PRO RATA SHARES

The surtax imposed by section 351 does not apply to any taxable year if (1)aU the shareholders of the corporation, that is, every shareholder of record as

their gross income their entire pro rata shares, whether distributed or not, ofthe adjusted net income of the corporation for the taxable year of such corpora-tion ending with or during their taxable years (amended returns for such pur-

' - used) and (2) 90 percent or more of the corporation's adjustedposenet int i o n s , p y jthe shareholders elect to adopt this alternthe corporation's adjustedshareholder shaU be treate

._ _. ___ iduals.tive method, the pro rata shar _ .

__ included in the gross income of adividend received, and any subsequent dis-

..ibution made by the corporation out of the earnings or profits for such taxableyear shall, if distributed to any shareholder who has so included in his grossincome his distributive share, be exempt from tax in the amount of the share soincluded.

The tax imposed by section 351 is in addition to, and is separate and distinctfrom, the normal tax imposed by section 13 and the surtax imposed by section14, both of which apply notwithstanding the election of all the shareholders,under section 351 (d), to include in their gross income their entire pro rata shareof the adjusted net income of the corporation.

12. DUPLICATE RETURN


1936


UNITED STATES

1 9 3 7 INDIVIDUAL INCOME TAX MTURN 1 9 3 7TtuiurF Dtiartom* ( F O R M 1040 A) Irinil R*nm» Swrk*

FOR NET INCOMES OF NOT MORE THAN $5,000 DERIVEDFROM SALARIES, WAGES, INTEREST, AND DIViDENDS

Thh |trm nut NOT b* uied if iao*» ii dtriTod Inn *m ad* m t l w if tWp * h e n * (il«m U> h ««• 15,008, Vm nrtnd F m IM*.

U h W w « » mk tkt Qhcw tf [Mml b w i h r*r fctfti m m U A hmi is, ] »»AME *!«• HOME ADDRESS PHIMLT BCUfW

INCOMEI. S i l ir iu liid other comp-Miiitroll (nr frr^jivl K^\ECC;. ,..'KJ[n EdtcJulc B)...

J. lattfttt CO UrJc d(E»RBr n«t«. TTKjrtglgti, tK j

4, Jnttrat en corporation bond1: I

5. Totil inuxne in itenu 1 w 4.. _.. . ;I.DEDUCTIONS

d. Cintributiorti psi i {Ffom Stlltduk C) | .

7. inlKHtpsid. (FiumScfwduleD).

B. TampaiML (Frair Schedule E;_

fl. Other deduct!Hit lutlwriiEd by lii«. (From Scficduk V)....

10. Tnlal deductions in items 6 to 9. ..COMPUTATION OF TAX

11. N« intofnt fur lumul tu purp«tj (item 5 minut iltm 10?....

1 i LcuÊuntd inoumi citdil. (From ScheduleG)_ ._ |_.

13, Perional ermnption. (Frmn Seh*duteA)..._

14. Credit for ieptnAtmu. (Fnm SthwIiJ* A)..,

35. Bekn« taiaUe (item 11 minii* Lima Ii. IJ, and 14) ......

J6, Tot J income tax (1% of iton 15)

17. Lcaa: Incone tut paid it HUTCC on. tu-fr« corcfunt boncb .,..* , ,, |..

Hi, Incunc t u paid tea foreign cautitiy of IJnitrd Stato cKHses&kmt [AttKt F«n> 1116) .

1?, Balance 4 Us {item 16 minu» itcnu I7ani!lli) _Sehriall JL—EXPLANATION CT CUDIT5 CLJilFW

te) t - w ^ I En.™,!;..

Sum

Singk, or m r k d md UK Lyingvitk husband or wife ,

M W T W I utd Liinf with huibuid

1 W ( / famil> (apLain be low) ... I - - 1

t.,

l,..^...ftiirf Qf aCEKODCC.1

blf LH HLJib 11 AHI> 14. f(w Intirw

— — —YMJ-I Ud

'

if Id YBaruHd « *™«r

MOTE.—One form marked "DUPLICATE COPY" mutt b« filed with thi* original return {fS will t»g i K i w I if dupliciite copy ii not fil*d) ,_,„,,


1937

STATISTICS OF INCOME 203i.k_lul. t-lHCfJHt FKUM SALOME* 1Mb U h U taM»*"5\TI«*r H}H HXSOHXL S*RV)C13. (!••

Tptu] column 2 minus tntil column 4 (enter ai item I, pep I) .

i-k Juli C^CONlMEVriONS MID. (Ev. Intuuultn 4) D. IWTEHE&T PMD. (5*. li.n™tl«i T)

t. : '! :

~ i !| !

$

U W I D INCOME CilDlf. <3_ 1

NtLincomt (rtcui I I . pnfc 1)

intamc credit (10% of i t ™ 11)

[lot t, rot 1 (but i i M t ui(n I or l l .

• H HOKTjUUBU: 1HCG1IE. iStm [ inwt l ia f)

,«*—*„•*.

t ;1I

i1

!

1. V)ut ij THX Hrupilion^ ...

I H .™ filed i>e

QUESTIONS1. Anitonmf in™™ u-lUi^cri™ rf bo* tinbui u j u h iu IÛ in

thu return! Ore Inttniclkr ffiJ. Suit u m at Im^md or t'in if • u|mriU nrtum H I m i md dig

APPtDAVIT . )Ij'wt iwetr (or ilfinn) tint tliii return hut bctn «i<anun«d by me/m, u i 4 to the hat dt mr/oiir tnowlcdgc and Uicf. i n buc

«nd cwplttc ictum ff r tbr tnmblc year « lUMJ. puF«W=t ts tic fcvtnut Act4 of 1954 Util 1937 and jcgulsticnj jnu«l under«ut]iariity thcrccl i and tk&t ihaj fottn ^Fonn 104QA WAI ua«l bccAuac Vfvc kad nd inanne Erpm wurcn DL|I«T itiui *t«t«^ hcreo*!.

i trntn U K IT « HXHF HIBI KICCOWKHID n rcwu[H Thil l»* J«IM hrtttf 1vH iU^t Mr* tfft

J ' ' ' ' j | '

* " " » ! " I-ITOJ

-14Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1937

204 STATISTICS OP INCOME

1937 msTitucnoHs FOR FOUM IMOAm m SIATO INDIVIDUAL INCOME TAX RETURN 1937

ti«

taxable y a i .Btlnrna o' ItiCOfi* of JicadcnH.—If the list inoiHn* at 3 ii«n>

tlwt h tilt i i t * <if >1LI tirfttl waa Jl.flCO in- r»rr, V unmiirrlBii, ar•qu*l ty ur In « r « or Uia credit Hlpwwl him hi sctlioo i t i i l(ii And IJi of t i e KsTtnoe Act «( 1999 (pjmputail witho-nregud Ln ILU ilatui i t t^« hand .if a family), i) B»rricd*nd UviiifWith HDun, or if hia j n n ilicqplit fo> Hio pcricid wtfi t i .000 ornv«f. ft« nctTiWr or •dminlnntor »lwu mil;a & ntuni f n binan Form 10+) «f 1(^9A, TTie return fo. a •kcnbmt .lull Lnfl]iiJt»Vi Iterrn DI tamim »td djcOne iDni IKtucd up \o lite dale cTdwtb rtdrilr™ of the fact ihst the dsccdent IEAV hav« Jtepthit booVit an » ttlitt b u b ,

ficttlroa for saUtee. and (mtUi munt bs made aa. •from) 1041,

{€> WHEH AND WKERE THE KETUBN MUST BE PILEDTh< TiAiirfi niiisl be nent to ( la collectnr ol Intanai rovesiw Jdf

ttae dktrlet i a "hkS t in Uxptret h u oia leg*) rt*lttcn«Jh h n i l l t ' ffl Df H l I t 1S18

ttae dktrlet i kS tinnkch the nillnctor't offlo*

b U

t e g ) rt*lttcnJDofon Hirc l It, 1S.18. In HUM

fcUUd8 4 Mfarwuded. laMd

The- •JSda'rit unuti bo sieruttd b j the arnuni vhaig ineam* IiTEporttd or By hU [«R*J Tt(inuat»tlvt Of K*nt> The return m»3be UttdB tn an u e i l fil tt. hy icaun si Ulneu, ihe p a w n llablrfor th« m»V(tJ* ( / the nhini [a uiL»bl» to K*"io It, Or (Jl IT tbo tax.payw ii unable to make the return by. reavon of mnttnuam «b-•ene* Jnna tJW United! S u t v for * pwfod or i t l m t « ! i t l i Prtotto rto date fnttcrlbid by taw for maJcfnf Ihv ntum. Vrhtrwwra return Ii made by an agent it icmt bs laaompaniHl br h p n » ior attorney «n Fotm fljfi, or, in th* aa** of hiMwdd and w(r»r onr < m Sad (cflplw or which in*y t» nbtalnarl from a y cgLLeetorj.

TbA Ofttb inll b« u3niAl*tcTT<1 Without ebargt by »ny collautoq',deputy c<>1to#bnr, ot I nternal rarviue tânt. If an lat«iwal KTBIIWefKsgr it use *¥»lL«ble, the rcturn JIOBIJ b* tmjiri to bprom « per-n tathointicd Vt idmlnUMr Mlttv, « » p t an (ItorarT or Mfcat

nii|jh>veil to Kpnacnt tlio taxpayer bfittrt theuag«tJ4n TTLth Jiu tax IMiliLy.[Bj WBEN AKD TO WHOM TPB TAX MUST BE P*[D

Taxpayers rill i M it b d - M to r*»d general |u»t™ftions (A) fa (H) rwfwe <o*ineaciat to U]ia their K I W H , tod to reu) spec) Be instruction* in connection irilb Siting in Ihe lieni or Items t*«nhh Ibfcy rsftr,

GENERAL INSTRUCTIONS[A) WHO MUST USE FOKM JMSA

Fora [9U>A muat ba ussd t r »K fndiTidiulj. tmept nonresidentalien*, WIDM nel income la nut fflort tllkn *B,000, vhot* llXkbbIncome ti derived from talarlea, *»ge*, or othtr uwupemalin-n forpcmii l l urvice', d£vldesdaF or Interest, and wbg mftJu fotumaoq th* <i«h bull ind tor I he taltodar yt*r.

Indivkloslt wbai* rwi Irnwina exceed! 15,000. or **o liive anyinMifM ether t nan that *t*ted ftfcore, jueh as r*nU «r «ain» fromthe »Alc of ffroprrt/. or mike Tflturti" nn an Accrual liuti, or maisoT«tucni. (or * M » l yt*T, «WI uM> i"oawt 1!H0.

IfcinrBiiitent atiem are reqiilnd to iu? Farm LC40B DT 104BNS.

(B) WHO MUST HAKE A RBTtiBHA* inoodfi tti r«Uirn mutt bt tiled by-every citizen of tk>

UnilHl Statn wi ther raekliiig at honx at *bn*d, and ( i ( n >penom reaidinE in the UniMd Etfftca ttiaufh net * (itiien [heietif,wbose Erom iatomo (item B at Form I0MAJ lor the MSfttlo yeitte 14,000. Cl aver, Or whosE net inmnir (Item II of Form IlllOA)

Ifle »r it nuirrled Ami ]n>t lining Tijlk

(*] 11SM or over, if'married and living with huiband orwife; or

W £4USi to or more than tt« penKuml EnenptLon tr.tai-payer wai mtrftdd mill liTicc wlft huttwua or irtfedurinE only part (if thf tAUihla jear.

If th* emltriiled nat lnmme vf liutbud Ind wife iaovtl, cr il tb'if Munbided JMM income l> l5 I H0«roTCin eaeb OAQ the earoiasi Q4 ulntn1 tûldranL If tbairtht u^*l Tur i to tke same, a|] mch incunie Diust bejoint rtttirn, or la tolMnto nturfu *t hnit)»Ht end <*ifeabsence of proof to the M>r)tt*r>\ * parent n 111 be pn»i

-hav^ th« jog*L rirfTit ta tlLH eamui§B 4-r a UlhOr 4bd nlUDt STKJtiat

ID orthr f*r i JoJnt ratura t<? t* ftlfrd by hutbanll »n4 wlf<ib c l i mum hsvo hid u u ineom* ot iluductloDi in tne year furwtlsli %bo rplLiin I* £lm) nhd the rnlum muat include the incomeU d dedijetiond of both. \ j<i\l\i return of himtiTni miri wire

roTCslUKtoicf InternalDo nut Bead ca.ih by mail, nor pay IL la llannn eieept

Bttliecnllector1. oflW 'Th* tax BlUBt bo ptiti In Cull wlitn th* return it filed, or In faur

mini inatsllmanli, u laUrnya Thft brat isaulligkUA«AwU t t ytiAon or RoTAre Haiti) Ii, llBS. tSifl nrunil iiutallmnrl on or btor*June L«, IBM, the thErtl luUllmenl on or beftx* September Ifl,1MB! wn& t*e fourth initaUment on ur before Dtcembtr 16> 1*48.

ir uriy ini(aJlm«nL !• not paid on gr lMr«n tHe 4a1t Aled forpajment, tile, vhtk amatirJt of 1ax unpaid •halt he paid uponnotice and demand by the *0U«m>r,

(F) PENALTIESTlie lur impoaea t*uero {rensltif* fo[ rnUJi

in b r numne & filet <w (rtusiaieiit, nVim,impoisi Tar fining to Die a m u m uu time.

(O) ITI5M8 FXEMM tri^M T*XAll ilcma of liconie t m l i t l aad clifnud 1» l>e

l u »i*nW fr* «iflUri«4 In Sch*d>l« H.Tkfi bllciwlnf ikiBi ara mmfi l J™m Federa

h r * s l h g r i i d i t d d b l d tTkfi

1

ikiBi ara f J™m F e d e l mrsn t u ,gnriK indicated, *i,d .bmld nut bd Ind^trf Is

1î4vFne:AJUCmnU PWOiTSd under «. Hf(, tiuuraiKd » » > i u i p»W byof Uw duUt o( tfc* tptawerl, uta.tHflt Iti k W i u n n i n

lDMntt tbut if such usuunta are htJd b> iiK igmrer under«menl t i i * > llnMon U>« i l t pay

4l«l ] be JV Cii

n 4 S n p * r w , U« inl(ir« p y nbe inriudKl tn gran im«tu):

{(j) ûtiLI<i1« iracLved {otner Iluil tmnnnti p lr] by\y» JefrUj vf Itiv jn -ured Mid Lntcmet pavmntitn oil «utrh amobid other tlutn anwurti recelvH m nfuiLitin) >:nfttr p, [trtinraii<!t> or eudoujuent SDllraat, but il cuch ainiiuiitu IVadded to ftmonntx iw«lved befurs the tauhle vt l t undar svunlnrt) eift*(J iho lUjtrGfqtc premium* cr ctiitnii!fr"*inn [(.w**Vi(tT tn not -piid itaniiB IJie t a i s l ^ »(=»••), Ihen tne «il l ] b J l d W in ercoa LnctJlUC;

rîvrd a» a csiigiri^ri[N» tur « rproperty Afqulmd bf bû«ntF ctrtviMc, or FEI-

Iwntan [ m income derived Inim nuch pwperty ia ttujihliIJKI Rhi»t Ix repurtejij ;

<>0 lnt*rivi< upon (11 th* ubliWU«i.! of a State, T«rKtvry, oriiiy purlittral lubdivirkih tJinnqr. ©r th* Diitrict of Ohimhiisr Vni«d Status pc^M!»iVnr; or |S> nbll((itii>n» iHmd under tinprovuiau il the fYxfsnJ Form Lein Act or under JUXIL Acb uMOCJtltd cr fTtJ tin; oUlgilkint nl a*, l.'nittd Stat*i; or |4}

U U o( inBtrnmertUqtJco of th« United Etitw (otln-r thani l d U j d ] T 1 *

lKv v n [ ] p[but tlm i

AQE U »nvinis(Ji, tuch H Fedtral lains Mutîfn Crhtpmtiionbonds, Hcme - Owners' l>Vn Corpwaiinn irwit, <stv. ThtFiitf»[t on United Statin Savingl Bosdi and Treunry flonda,«vn«d in C I « M of {£.004, and on obligatfniw (if InsttunwnUMHaof the Ifultrd 3 U I « laXhtr lhl.1l atlifatioru uniied Under P*drr*lF*nn Jyan Art ru u ndeir mcti Ast at aaMnd^J) is tubjeEl to eurtaiif the . u r t u oat Inmnm U u«« U W

her uvrlcmtii'i cg.iopciiai-tk.il qctc, se umpcaubuxi fur per-vi l ifljuifH Or licLneH, pLun tlM amount of nay d4ma|«a n -

vn3h whetber bj autl cr ^ n o i i i n t on account of eucL iji^nritillrrm);fha ntal utld

ihtd la i,ol a ^weltlnff houte mid SPtnirteiuintM

mintatar at tiie gaapel M J»rt of hi* torn-thereof fuipnaatian;

(C) OoniHiualian paid t rUKHOC ta IU itffiAen « «nI>VCBcamnaktion it coDttitutt

(Ki Pwilwia and namneM q « « d by re tm theUfilted Stale*£tid DCBILOTU renlTnl fmm th* Unit*] Btaui * vHIE rmnilj' af a vttawt far aeTVlH* TtDdOtd by th* V*t*ran to theUnited BtShB in tuna of War; And

(i) Ammint* ncelved u aantd iDMine from m i m vithautUie United Stata (ntMpt imounti P*td by ths Unlivd S U M oranj apl lcf tbereuf) fa; *q Iridlvldull tililta nl tbt Unllrd 9 u t «

Stale- or political XlildtT*» IU- n r n t a HiwlUiwl IT luchaeoipl from Fbderal taxation;iqe«fi«d by reterani rrtm the

l f h U i t ] B


1937


whft II a bow i d t acnrcaident t<« m*r* than i l l lusptht durlnr,Uua taiaola y«M. Tha tixpayH !a with i T*H, tra,T not dedttttben i i i grgm inscme any amount pmp«r|y alkmable v> or churgi*.able again** the wnsuni 44 uXrlutM tram hb groaa Intone-(H) STOCK OWNED IN FOREIGN PERSONAL HOLDING

COMPANIES[f you iwned *Uyl( ml any time during tha taxable Jsar in 1

ftmlcn pwraonal holdinf «ntpanf >a defined in aeatitn 33 L of the

BaviAiB Act Of 1938, aa ajAtCidtd hr the Hivedue Act at [637,jT=u miUtlnnlnaa In your r»t«™ as a dividend the amount required:to be induded in yaur gr«*t income by aeatlon 3¥T of the RasmusA « tt 19M, an amended b j tha Riviiaiie Act cl IM?. [f JfUMown*d t percent at mora in vtlue uF tin outilaqitEn^ (toek of tufh«unpaDJ, x t (ortfl in an nUiflirtl «l*tn™ni in compkH detailIhe infOtmitiQii nqulrad by Motion 337(d| of Uit FLnynan Actor H M . u amended by I hie Revtmn) Act of 11331-

SPECIFIC INSTRVCTIONSTin (bluwlif IntiiucttaM art nnabend lo un«ap«n4 4 ( 1

item nunbcn g> I h k i t page of r f l i / i :1. laran* I n n H ! U I M , ira|"*B, sic—Enter *J item 1 tilt

tutat of i l l ulBria, wage*. 0* Oilier fompgn!»Ua* a«allah|ior rectlvott from outside wwoW,leu Mdlnny And B H M I K Jeipniua, u nt*ii-l*r1 In Bchidul' B. Any amount *]*lhiisl « •Muttion mt ordinary ml ate&arf cxpeim ^ i n « l «l*t:ie»,*tr-, ilrctt H Uareling expenaei *hilo awaji fmin h'jnnf In conntw,Mon vith TOUT otcBps-Han, ttismld be fully eipliineri Ln Ehheiiulc Bor In *n DU-»clnd statement. Traveling »c(wti*n cirtilmrilr in,irluda eip<!TiilitijK« (or tmnEpartation, menb, and lodging. Thtnp*iu»i of * HJmmuttr In triwllnj W and from wort are notdcdtictlbls.

If & jo gt Itlum, ent.r H «f»ral* it*ms I a R*hwflll* B **mfuj[t«f t*(h Bp#u«. E»mlm» Of Kiiner children should, i lm beentered inSfJifdule D, irparvtrat Itltâlif tnHUwJ lo mch eamiBp.

1. DJrldefld*.—ElH«r ts item 2 Uie tAtol of alL lufcble Hivi-•laiili reniY«f from doinfiLk ami fonbn curpurtllnur- Eater

nanlaxibLe.3, [nlWCtl 4* Olnl Arpagllg. (-I*.—EM*, h item 3 Inc total jf

sJ] ijitj-n.L.t i>n Hunk d?|Knir-i ncicii, rjiiiFLgtgts, «1«. Jftlotwt u ittvuiw huit ri«pfitit« IP nmidend income ID thedeptrtitor - ten

lid L t ^ t l l h taktT^litrd ^yin LtH»Lg i n o t r n L c r e i l e p*«tax>kLi. Intnesl on <9rMrtltan hmJa.-Er.Wr u |K m 4 the bital of

i l l intfreit PHKIVMI on Imndi, mcpi*g«gM, and similar atillf»Uoii«of (Orp-jrtuons. Isgludh b»n4 IJlttrtst rcttivcd upon whinh *.S pera.it. P^lrr.l (.1 v u paid i t ths tount; uld H * "Uy I MtWdnnl »s •• vtvdA. in VtBfi i l t ! ttie nAnTii, Interajrt nn "Miiu'liit CLiiifHlered1 inoonie wlnpn due and p»y»l>W.

4. Total inni i ,—Enltr aa item & the total amount rf Itenu1 In 4.

KOffTASABLE INCOME—9CHBDULE HB H afi«iLld «* filled in if JOL re»ir«4 any jwntamblaif you cwrad AB> qf Lhv ubligstioni dcieribû Jn pai>r

DEDUCTIONS« CpMrUj-tt«ii— Ent^t », Itt-Hi 9 tlio <MintributloM or (ifta,poit*d III Schrdule C, nuuln will.ii> Kvrycftr k> or for t t * use of jfj) t h * lViltnJ.1 Slilei mi' Stale Tsrritw or Any pulHical

T e p o i t * d III , yf.j) . th* lViltnJ.1 Slilei, mi' Stale. Tsrr i tw, or Any

SuWiTision T-hernif, (JI [K« District uf Culurntiix, fo i lguihldc pufp^rlflj

(W A corforntion. fir tmit, a enmniiLiiity CTICTfiiLir.rijilliin, "npuriicd and flncT*t<4 QltLupively far reliBiiua,thirLMiDe. jWWrJifit!, liltrnrv, or sililtilinnil I>UIPOIKS, or tar llwlirti-rntinn uf cruelly t» fiijIli.Lrcn ur animalt. no part 01 Hi? net

VilJcr i" Indiviiinal, and An ,ul,,1 Jinlial par! nf thfl Bitlvitiw oiivhlch is cfi r>iris on nrarMieiindA, or ril cr vidc AltoiispL-iiiH, tuifl l l

fund,

Wl rh( aprtiiil ittnd (n-r vuciti'inil r*bahilLta[i,m «i]tTior!zby SKISLIU IS "f tlie World Wi.r Vi'Li:nii.i' Act. I M i ;

(«> foEti or OTRanittlions o[ war vetnisns, nr jiiiiiliiir/ unior aarcj tiw ^ iny Auch prat* nr qrgnTiiz!itioiTiGr i( k sh poetOFRqniutltMU, units, or toriclira me «CAii;iei| in tlie tfniicAtatea vr AEIV UF its paufeHlmi*, 4n l if no part ai thtir act CArcinWorn to tVt tni»at -01 any finvaK stlarcholder or iniTl»1I.JiJ»ll

fc> A T M l t t fe l t l t i n f dt in lodie qratem, but onlv if such ôntribuiiofit or fcEFtd eU H I e^rji].l.-d» fur rdirioui, chttiuUc. jokrrtififl, Ittanry, or•ducaUoiMl purpceM, or far Lhn pnventjon or cruelty to childnnQT fcnjntills

Tlq lotsl t t rtrimtd stall f;«d l£list jncoiiir cnnipnl*d wlthoiil Ihe bghBrlt of tills fruct

I. Inlr iHl paid— Eltor 4s item T the amount re|>vrtcd Inh d l D t» interest rniri an pcnvnal indtblwiniM, Da not

t I d b t d b l W d ip tlwiniM, a not

lnl*r«t on Irtdcbtednwj blWamd or cnnlinuTii te pur-ehimt or uir> d>]l-»U«na tciliEr llun CitlllwHoni of till) UnitedSUtu Ivnild •HQI Sop1«mlKr 24. ISllT, inri ontin.llv auh*crih«|for by tha tslpkf«r) the intitrad upan »tiich L; whom «xamjl«rnm u u u l H .

8. Tana fdd.—Enhr m> llem 8 th< amount! mAOrtad inScfaadul* B a*~ tasai \mpa**t upjn and paid t>j yon during the

renr. Do not Inelitdo salflfl taxu uuJcu ihe tax WAS d i mimposed UEienyou by law. Do nut indude tang I n u n d agjaiiutlonal bemllti o f * kind tending to increase tt? value of Ihs prop*(rty awcaicd, nor PedcmL income Laiw, rujr raWts, tatifittlilKe,Lojicy. wtMuiun, or rift taiw nnc t u n impOocd upon tuu.Interest oa a ahAreholdEr of a (Vrpomtlau wl[«li an p*id bytha ixtfarMtiva without nimburapntnt from you. No Etedutetanis ilfcm'afclc for any [»rtion "i foreign liLSDm^ t *<» if a oqdltiii claJniwl in item la.

fl- OltitT dedmctijaa.—Bnl« a< lt«n 9 Ihi Un*l amountll^miinJ in ffchudulu f_ In tha nae of lean by Sr«, atorm ihip.wntli. «r ottLer cûaltj, sr from theft, ant forth la Schedule Fa (Jeii:Hi>ti»r> uf the pronortri date acquired, ttxK, aubwuuniiirapr»v«*MiiBr rtepKîition Jluwj.hls i i n« logllbailioB, inaar-anw »rnl salvanr vajuc, a»d dtditutlhk I M I . In ibe r*w of baddthta, jndudlnf hcf j i . necvreaintd u h* wftr(hl£« during tlut»i»hlt vcar, i k t i in aohtddl* 7. Is] of what the rj,ht» coa-Httcd, ii) name an.| family reiatlomhlp, If »nv, of the debtor.<t> v ^ r i Y g dotoa w^G; crât^d, \ft wlucn ITIcy "became $IK,(t) what «Torl» were made t* LOIU.^1, nod rj) how they trflrjactually determined to tw »drthlew. Stcck -whi ob became worHi-len ditrinc the Uiahlt f d r dlinutd h* i n t l s M tmune: tha dtdltc-tivm 4B Idm «.

Lniae* I m *fc(rrin5 tianuftloDl i n tllnwaHe only to lhaec<#nt of tW iPftlra during the yoar fnH3i JHICII tr^riHK'lioiu-

No (Itdiictirm ii ntldvalilE! r r thn inroun I of any Lv>si or *rp<EAeor part ihBrecf altoeaHo to 1 c!n» ot riciridt income, other ttlinintxf^4l.

C0MPl)T*riOK OF TUX]U. Earned Insane ftîiL—Enter as Jtenl 12 thf aifiount of

camod Iiwonie credit, as eomiHittd in Reodiulc G.The etrntil innmi credit allturablo to aa«h epOlldt in & jui^t

nturn ia the iwiie at la allowablf In rush nfionia [n •a.|air»t*TiftiiLns; k v » Y B , the «in<i! lumma earned )rw4"B dEdmtieua,caned M t Income, and net iiicaoit of cacti ipom* niunt hw itiovrnMp»ra(*!v In the Jiiiilt. T turA. Fur the bUrpdH C'f Ajlirtrtini.n^<i<w VJ f^mnV limiWiioB itniKit-.il in Srheilule Ci frnre anouM \»aiidHrf m th* n«i lni!i>tn B Bii.'itfn aa Lt«m 11 on pagr J, the in l^natitscived by you,, if any, on an aggTtgntr in cirasa of to,ODD prin-CIIBI nrii'innt cf tlnlltil St 'tM Ssvinjri Bands and TreasuryBorvjj; end tbc irjtireat nn titiirfpt-nn vf inhtrunH>ntalitl«t uf ilieUnited fHau* [nlhor than oliliB*tior* ie*Utd nn*r tht FederalF. nn Lo»n Act, or iinii^r inch Act u aiAeiKlnJ), repor{«d EnS h d k HhpdukH.

13, H. Personal «»RV(i«n aidl ki

for dimMdsiiU,— Awith bainijli i i i , 4 niurkî f .[ Imni wi ubUld Or

nqTo, ia entitled V5 i tiertonal eiemptinii nf 51,1)40. h | x r»nwhii, ,-lurint th? entire ifflr, < « !ho head at a family Qr urlairamai and JivlnA '.vith 'fiushflnri nr wLff i> miitifli ID U I *Si:rtf>fhniof SZ.SHO. If hiiKlAnd and ~ifeSle»«na>«H rrtur™, thepu-4ciha] cn^mptiaa mav 3ke lAkcji by cithtf-ordivide] k lvern Iheni.

H "heart or a rtHLltv" hi an individual »lf; JK(<IULV I'bppurt*a^^ JnfLhntALH9 in CTI« rauach^Ld on& or rcur« EAcliviHuiLla who arefln«*]y ^niirL-W "il!i hiTn t.y lilcw L î.ticmhip retatione*ilB byInarriAaic, nr by idoiKjort, and who*? rifht to f « ™ i « fftmFlyttintnil snd prDvfde for Uins.- i-ltfrrtnilmt indiflduaU k batftd. UI^B.soiae rncral or Hfial »b]inBlLon.

In i'irfiiioQ to the rrrmirnl i n n p t b n , a. cradlt c>( *4W may badabntd for «ach persnu lotli^r thjw hnabanct and witr'l underIB y u n "I »SP, or Incipibk «r *Hf-*up[Kirt W u m mtpWlly orBB^jkiJIy ddMtiifC, whe reecivrd hii or her o*I«f luptiort nnmfl-or [aiPj»yiT. Tbii credit i«a> bo alluovd Cmlv to th« jKrHHnho furnlitaes toe -eBl«f auppoft. and may nnt he ridded betvND; - i . individuals

If the atatu* of the taipayar. insgfar M it aflccta Hit pcnuulmaiBfitian « cndM. 1 « i l t^MVnt*, ctnnHa 4«rL«H tin t«MAl«vcar. In* peraCn&L aiamption and crtdit dnall be apwrtimoi inicc-ordint* with ths number of mnntha b+fo™ *na after aiuh<rher*Je. F*r tng BlirpflM o( auch apportionment, 4 fractionalTH|t «r * month ihall be dlirârdnri ..ulna it uôunta Ic mopsttriu half a r400t.lt, In which « K itafcUl be conddtrcd *&* month,for tw,tuple, it a child became IS .vean of DXoa 'une t*. 1637,tbe taip»T*r "ill b« aUcnvd a credit of MOO for n t h dspen(teat.


1937


UNITED STATES

1 9 3 7 INDIVIDUAL INCOME TAX RETDRN 1 9 3 7(Amfciw't Simp)

T I M I M J - D e l a t e * ( F O R M 104Q) khmlJt»«HiStrrk»

FOR NET INCOMES FROM SAURIES, WOES, INTEREST, ANDDIVIDENDS OF MORfi THIN &J0M, AND INCOMES f M M

OTHER SOURCES REGARDLESS OF AMOUNTS

For Calendar Y«or 1937 or FUcal Yearbeginning _ , 1937, ud tided „ , 1938

tilt Hn ui«* dlnfffanbljttorflbtiid BUT&IAKM it An 4 iif wirifc i »fBirTT NillC AND AElMtfsa VUIILI IS*. b i - w i M [>

Efcl I** Jt l||B« tf™

si-hisi

Cull—Cl«k- M,fl.

i

2. Dividtndi fjutn domestic Jind fdrtigh rcipomiati! . . . . ..

3, fnv-ictt. o i fcuuik HdcpuSLis. notes, mortgage tie ..

+. Inflnrtc en wrponikilbonds _.. r,,,r . .

5. Taxable inttK^t on Government cotieaiionav el£. (Fr^tnSeh*rful* 13) L_._. .

6. Income (arlcu) from partrwnhL-s, i jndkitB. p«li,«tt. (furmik nnme and fiddirts):

irvriTnr from Jiduciirif;! (furnjih nime JjvJ iildrcss);

t. RmWand wvallici (fiwn Schedule C).,, . . . .

V. [nrtmt ( « tcsi>Innn (njiioess or prafcMwri (from Schfdult D>

10. d i n (or lou) rVtKn i i lcw cnhnint pf ptopcrty (from SrSeduk F)....

\\. OlJitf mctmt trtlrtt ™hirt: use H-paralr i^lhiuW i n«nm»iy>..

12. Tqtn! inconc in itcmi 1 ID 11 *cn^-' nnnlijcitlc incrnit in JctaduJc J

DEDLFCTIONA13. Cartliibutions Cciplairi ir StJirifuIe G> . ... .

H. Ink«»l. («p(»in in SchtJul* C). -

16. LaisM bj fiic. itnim, rtc.<rspljin in Scjicdijle G)._ .,

I?. B*dd«fcM«plab)inStl>dukO

19. fatal deduction in itimi U i ^ l i ._.

a . W«t interne (i itn 11 mmu, h-m IV) , . . ,

COMPCTTATIOW O f

21. Ncl irtccme (ittm 20 above)12, Lot: Ptiscntl cxtmneitxi

23. Cr«ftfoi dependentstfrtim Schoduic [)--

4

2<, BallAfc fiurts* net Jimime)2S. Lrtt! inteKit on Ccvim-

nunt cUiiaticnn (item 5)W. 1Eanrt4 inennt crtiH*

t

i

t

27. B4l4flc( wtjett to ntnma.1 tai t rrl i

26. JM

J l . T<

3LL.

31.

31 E.

M i l « i itun K( j tn Instruction Iff>......

til t « (icon 28 piuj'itfln 2fl

a : tneeme tm piid i tlouice _

U. 5. pqucttwn..

f

$

t, '..._.

1.-.-MOTE.—On* farm marked "DUPLICATE COPY" mu« hv filed with thi* uwigintl talum CIS will b»

diatssed IF dupUcut* copy j * not fil*d)


1937

STATISTICS Or INCOME 207

dul. A.—twcoME FftqM SALARIES AND aTtfEfiCOMPEHUtfOrr H>R PIMOWU. SERVICES- ffiw hutiwatwi Br.

•tcdiui>] n.

,JtaW.N.dl» l U ^ n t a k i

»0t igbi nlsBi 4 (mw I I imp 1. gm |j . . , . . ...„„„

ftfctdui* B.—INTEREST ON QOVEftNMEHT OBLIGATIONS, ETC <3 - Htructlin E)

- ™

of Cdimbit, a Uhiud iua,s/mtuKn...

OUJtUii>n iuvtd uutefEilnJFirmLakn Ad.<u JIUIutkAnu

(A THUUIJ Natq, Tnwn Bdk u d T r B w y t t i i n t a rf

(•) U, S. Stiin* EUd, . ^ Treun BmL

ealmn j M i m ^ p m II _

Mivdult C—"1PfCOME FROM IttXTTS AriD JtOVALTIES. (S=* Iiwtrurtlen »jxniBffiftr l i-j ^>«"

t. - ! . !*.i i

I . . . . ." • 1 :

,_ fchrfutt P . — F R O f j T j O J t L O S S ) F R O M B U S I N E S S O f t P R O F X S S H X H . { S * t I n i i i m t l a f I I I

Schedule E —FJiPUlNATI

"'^ ' i 1

Ort OF DEDUCTION FOR DEPRECIATION CLAlMEft IN SCHEDULES C Ant> O

1ji

i i ( . . '.,

i j •

Ji i :

I

t 1 • i !

i !

uaw


1937


Sdridri* f i—CAK* AMD L D B 3 FHOH SALES OK EKCHAWOES M> PROPERTY.

Mir

W.1 _ . I L L

cw :T:::_.::i_.::r:x::i::::z:i::i:(O

I L

..J..._ ! _ |.w -I - L _ Itf>

(a)_L-l

..! - I I.1 | j _ | |.

.1 | f [ i -U-l I-I— 1- - I - - I -

Cdnbue amount* in aJimn 9 bfIndkMt bt C<r Lwdethtmct tnuy inun

n fecccror low.

dim totiim

1

: hcU into totils: and

f_ .... .

. ra.u

niter HIDE on Kin {wj d( die lumiDKy ti

ITnWIW

j 1

t.

.tfcbel™.

b j " • • • •

Enter item <i) B> ibm 10-on psjr 1

C i n }KTC deau iptivt detail! nrt trruwn

Stilt hoc wktthtr my i*«n nbo^t ™

; but if item (z) u i net V>B, d» n»t *ntar on

(1) acquired other thui by p v i r W . «r (2J

Scbfdul* C—EXPLAHATIOH OF DCDUCTtfihS CUIMED

„ ,

« u told <u Innrfand la punJuiv d*v*< jditiauhip

H JTEMJ14, H. 1 M * , 17, AKO «

, „.„.„.„„ _


1937


Sdwlula H.-HONTAJUpii INCOME OTHER TlUH INTEREST JtEPORTEfi tN SCHEDULE B.

&=Swdul. 1.—EXPLANATION OF CREDITS OAIMB) IN ITEMS 23 AND 21. (3*> I i u U w t f a w 3 « r f »>

ftoyi

Sihjls, t" Rtarrinl *rd not living witkW-

Vitnifi Uld living *nili husband cr wife...B»d tj fuflily Itiplun below).

Numt ti drjKn&ntl«d iditiunship ,„ . . „.

- " :

il 19 Wan old. or mm

YnnCU VmiOU

L J-. ...

- - [ - - -Sth.du[» J.-COMPLTATIOff OF CARHED INCOME CREDIT. ( £ f lîilruclion 3S>

t, Met iivonK titnn 20, jwgc [)1, EBm=d imume crtdit i l t J ^ f li |

\t , 1. Etrficd net intomsfMot ant f 14.D0O> "4 j2. Net income (itnn 21^ pam IJ ., ._ I3. Earned inconu D«Ut <IC^ «i line I or 2.

ttxivt whiclicuct iFiHunt U ltnj|]rr, butda TWt tnlir [cii tlwn f30(ft

QUESTIONS1. 5tiU your prijiciiul ocCUpil ivn cr profession . ......„.,.„.

3. Chtch whether' y«u t i t 1 titiKn ^ or reudent ilint Q

3. If jo*i filed • irtwn for the prwnjinj yiu, lo wW

4. AH i

ITUG if it m^rate return na nifl.dcp

w»J il stat? _.. ,„ , J 7.. . . . V L I . J

l».lrut(i™ 13)

>. Ctcct uhetlitr lîi rttum v u prrpurcd on the cub • oreccrial Lj basis.

my stock of t domcatk or foreign ptrian:>w" oi " n e i If

M.AFFIDAVIT. f9» liutruttivn F)

• I/rfi iw*sr(Df ^firm) flat thi. return (including l r l ? jHompinyiiia «c|vdjla uid itttcmcn^rjai bom «inaH«l by mc/in, anal to th*tint at my/cur knvwfcdgctrnl belief If * tiut. corKct, BnJ iwnplMi taum, mutt in n«d fflilh, fa* tne ta»t,k yrai Bl.ted, puriuinF U> theRevrnue Acts ti ]<?Hi and 193* md the icfulaliciu iuud i J

uid sworn to by ..,

din. J

H>»)

potm <f

V bull WdHBd ud tffctnd i n n U i b A n i prepa

m m thai'br

AFFIDAVIT. (|9H lniVu<;t[on F)(U tia m « • « jnfiaiKj tw yx bf m i ether pet™, ilwfchwbie ifidmift »w1 it OKVltii

Vwe iwtsr Gir48inii>thBt [jv.wp«putt)itlii.Kti*Rfes tticpcnmwpinoBiiumtdliOTinanillKstait rtlurti Ontluolngany #nam-pinyinj «**<£Jta uid jt4tcmcnt») » a itu*, locntt, ukd ompHt . u tannt of «U tin WomMlw rnptttinc tlic in«mt*Li Ability V theptnan *r pemmi f«f whom Inn K i n f a u | n < n prrp.rd of wWcti I 'we huve j k H d

iwtm lo trfert Bit tiii(


1937


1937 msniucnoNs FOR FORM IND

UNITED STATES INDIVIDUAL INCOME TAX RETURN 1937Tupajcn will find it hrjafnl lo r«d General [wtrottiim-. (A) to <M> before CSDno, iwl to read Specific InstnicturM fa CMHUMOU wilt Elitaj in the II*» ar itei

GENERAL INSTRUCTIONS

D D

retmu,

(A) I k ) miat a t ftm IWO.—AU indi'MinJa, except i•lima, required la make ntumg (1) whoac u t iiKsmt. ragardlbu t.tsource, ie more tb*a &I.OD0. at (21 vhott tnoom*, regardled of aniuiirit,fncJvilea any rten olher tban «Blarl« or other ocnpcnsatian for per.eanaJ aarvieds, dindsiHlBV and inlsraat, OT ( » who. EQBJIE Teliirfia OCL an•vonwl ViaujL, or (4> *ho iuak« returns for a- fiscal jear,

AH oibar EridivlclnaJii, except nonresident aliena, rtquind to rnifceloturH sSalUjai r"onri 1H0A. ^tjircBidait sjiemara jsqiirod to uaeFarm 1040B or UMflNB.

(Bi Wba knM raaki a relarn.— ETLTV CILJEEH of tT.s United Bt«l*n,whaitunr nailing at h?Ena rjr atxio^rl. asd 6**ry perf4H mfdltfl In 4||«l)n|t*d St*tflaj fboVKh »nt a ciKtoB Itwrwf, whom, •TOH inocme for{J» taxable T « I i» tS.OOO or over, « whose net incntse is.—

(a) Sl.KKt or ov'tr* il angle OJ- If uimcd ajtd nut li>LoC .Libhusband or »(fe;

(W K H O e r • ) ' « , if married and lHng »rfth huiband erwlf*; orW Equal to or more than Ihc personal rxcnaptkb altavabH H

tnipftjnr w marriM! ami living with liiksband or wiferiurfnp, only put nf tb« tanble j u r .

Tr (he (cabined, ucl inttmt ri nuevaad and wife is 13,690 or over.a if Ihrii combined! grow imcum- ii ti.OOOor ovrr. IncluiJlr* In Mtl i

h t i l t« IDO tt tpt all Ach. iHrorae muil tic rcportnl i i a joint return,o* in acjnrml^ rTtuJihi Ejf Ivxband arr] wife. In tilt nbvrnrr vt Trroofta IKe untt^rVr A |Annt will EM |jEHumMi tfl ruavcj til*" Lo«| rln^t Vkthe eamiBD d a niiiier and mm I moludt such eaminxi Ip hii return.

Jo. onkr for a JQiint rcturb to h« ffilnl by a hupbaii44nr! wife bnLhmust b&ve had BOMO jncdue AT dedurtdojia hi the êar f ir *hl<li t^nnrliiin Li Bled and l ie return mini ineludt the income *r*\ dcj-uttioiuof belli. A join! return al liuibsml ami r l f ( •EIBJ IIT ftajd up<] iftbcv were living together &l the elate Elf Ihelr tuabl# j«ay.

tQ Relutna of IncuiH *f aVeedenta.—It tlit raif Tncvm^ nr a rlo-«ed«il til tltr data el i l l deatn vaa *iooo d «H4>, ir

(3> or Ihe Revenue A n of IWo (compntad wlihutTctatut H tbe host) of • I tmil j ) , if tnairlstt and Jiving vitn spau«,if bu jrr«s9 inwmo far tli* Benod ivu SS.WO or «vei, the « m i U r oririmimi'tiiilor shill m i l * • return Tor him an Farm 1040 or IW4ATh» rstnrn for n dewdent EIUJ! indud,; nil Hems of Income and dtdiLe-Ihnu. accrued up to tho date «f deatb repsnUen of the fad tbat thejcc»dcn*t n*y have kept his lHH>ta on a cafth IUUIBVH1 kepi no tucita.

Xvturns [>( i rirvm; of estates and tnisu « i t be nude an Farm 104 [.(Tl> F*rl«d u * * H I I H I t r renira,—CtltiJir vat 16ST at flariJIT bmrinriw in IftCTand cnttod in 1938."" utaUiuwd acmunfinA period muat be adhered to. fur »ll yrmrit,

rjrrmiuton Ja enc«iv«d trom tb? CwnnlxsloGer to iuale« a LBiAidiîctf f i iw^

bes ide on Form 1128 and fur-jrdffld to tht atllantai prior Ui the ElJSJlMliJ?;,™ ^ j ^ , *

loiter,: On or bDF«e (.ho lith day of the third nooth, on or befor*Hie t i l l i tkj' at\hr. si nth nK,nU,. on at before UK l i th d.y iW tlir nfni.iirnulilh, and uli <jf Ufonr tin lMli day of the twelfth m«n|h, frvm Hmrlose ol the tan bit year. If ttf iiutsUnunl as ni t paid on the datrSiel for payiEUht, H.a ibnfc imoi.nl ,;l k < uninU nhall be p>i.d ii[khnrat/DT a-mi demand by U« iDlleitv.

TTw t « TUB,}' He patrt bj- *oiminn tr hnniiDK - i l k ilv, re|u en » cf,^ûy order I n n ta It..- nrt)crfll "OolTRtor ot intem.] Hcv,nu<- ". und tith by inmil, iiEir p«j ft in pmtjn (K«pi at the ejUtf|oi"«

(Hi Fwiililii,— The Law lEdixaâ K W K ptiwttin tat f i ^ , « tnmile • return or for making i filw ur hmudiihnt rrturn. P* iaJTi>.apt also [m[iosod forfaiLiag tu Die a return 4» tbAff.

(!j fttealiad or accru«d li»»i»-—(.[ your lw;kt « lecatint arc•Cpt DP Iho annual baaia, rcûrt »ll i m o i t snrucd, even thnuiEi iiI I M nol bttn itl-ually m d ™ t <ir nnlrrH on ttw book.. t(,d «LKMH.>.iirairrKl iEi irad M}t txptme* paid. Aa to d[oillDWaJiV4 di d^doclniuUr unpjlKI cxAonKi and intunut due Ui «rtnin Evrsons, sit £k>Kiri<!Jii*tnietion 14, Ir raur tuokn are- nut krpt on ihr acrrual Imi i . EU- irjruu krpL iu tv^ka, rii lee juor Aiuni m u -nuh kiwia and fciHhrt ESIIineuiic rcnivod or coAatrudl^Jy rg«fL^rdt *ueh aa bhtik inuirvxtcredited to yoijr actaant and ruijpiin Ixinri in4«r«t mstureii, mil rvîrl

TKttwt „ n J ,.ILy |

i i e n a p i r r o m t a i . L — A i t iUsrrt nf

>l>^ I u tkatbi i t BrjâiitM^ I-. . . . _ _

njr Lurm irt citmpt from rVkral I IKOÎ (HI.c otherwise i ndlulHi. m d .ImiJ.) ngi b, Indudrd In Eniu r

LTF4' ITarTClf Tib •i.iHl*ahil|-n nF n I na t.-hawvatid Ihiii if iaarfh • A . r i . v ._-*. L j1.l I

r imri jEkniui i puB

liLj n - 1 'v|M[bt>r-VAr>t pti-d rlnfftte LbtWublc femti Ltu-.

. -or I "1

" . . .

1* IMrn« <ji*» I I I rtfohlUjllnu af i H i

UBIkr 1 tu prevbiau of I U FnknJ Firs Ltao fln or updrfwsblliBimiortw iruEM f l im; » (y ^^JjnjLKjyr lju anuii4cll[ nd i l i)™^™! Urn ' Ujf;pu ^T

i rl":™-!i«ii minv a i '4 Kl*T: w- 1S1 <+lln<ini I

fWT bThe

un&M

p yCE> Whwi and wkere 1aE m a

JWi day rf tiM tbird month [ollo•wtb tnc CDILUUT ul inurnil revIIvv or I U H ynur principal pfow

pt»" < ("iBtn3 t C l l o

aint >v lll»t—On or tufJur*iiig lie <lo« si

nua for the di.lr bui]nea4. In rue you hav*

th? linited Sutfi, the n ll R D I

r« nnlU ksijrlnt. ., ia.d<r •mlmrii'i mn.

i a l iDkjrtn or iltlwri. \i\t\ ;hr v w I of »BV« tuj^ «y atsRncni. «n »3miiit uf Hikrk qifcur IK rir^r"-**l l u l « i i u j i n i n f e m n i itrmJrurmilnl :.>( m,ihi^pnHWLm:

xnijr Innr w PPHii'Titu' •TWTWTT** W P U he livfri in tht Bpift pw-vldul av 1h« ttp of thv Aral pupr of thv ruUiTji. ] f 7ou have a penrii-»trit_ QIJIHIHI addrCn lli«t tddrtoc mJiy bt Riven u the piincijKil or

tdrlno ie also gjvrn.(FJ A9dt*Lta^—The altidnv^t TILMA be *EK^3ttd by the p&riQn

T'hosD innraio in reported or by hit lozal Kprcccritative or agent, Therclum may be raadt ay an W i l (JTBT, b.r luson of ilutcaa. tin penumHatOe fir lite mating «T l l» rrtiim la unijbla Ui irvkg It, «r (J) if [4»Uiimvtr La tlnatalo tti cn»te t l» l*lum hT nairtn ot (Ontinuoua a b u i «ffom the T! ni(cd States for a period of at least SO days prior to Ihe data

£tri)]Cd li^ DLa fat Inatiny Lne return. VTheiMlTP a Jwlvrit Iw madva a iml it mmt bt ateempanied tor ft Dtner d attorney on rorm«r, in the U K el hurJimd tr-d •rife, DB Form f K CEODi» of which

EA» beabtalnwl ftvkn this ecJlectEi} iyf Intereiat nvvni]^.Wbttt tun rotitrri u atlutlly prepirtd DT « a i ( pgnon or p<r»ns

floef ttaAn the tax|kajcrh suit* rW rtan of p^ntrna mviBt CNm]4c iheaffidavit si the foil oT |«*e 4 of ilu return.

The oalh viU De admiDlsi4red ^Jthout char£v bv aby coUoetflr,depHitT ulloctar, or Jriterrifl revenue anrjt. I I aji Irtttrnnl re*«urofnc«r Is noi available* tbe return should be swam la before a natary.poMln. cr otter pelwa authorifed to idirlntptm «aths. eiwpt n,attorney oi axent employed to lepnecnt Iht uipa>'*r b*Fofs theDqurtment In mnnntloii with his ax liability.

(Oj WaM u d la VLAIH ••« lai saut ke »i ld.—Tit u>, mnaf brJiSlid Ja niH When the htiftr:! JH A1vd, lir lb four te|UaJ lUalaLLjn iitq, aa

l of devretJuJaa aaftiiCi^ ftir tb? e*lmi]utlcn. vctt or ttBTllMd in thF bad? tU tiU.inir™ max hr,lej,.™.k,n ihuri 1^ fjptahilHl ID

rplani why | | | ? uacIIlL I!F» lat rf d i i

; ofAil dedllcrl'JII]f 4tH»lH(Ilt

C KlUll Jifs.uined liv m

put (nutmDiH upon tti* bul* nr u*ofl j inM put (nut npUmeitt «km at ihft , m ™ n y and the probable nu mb«r of yuan nmii nlof Its enxHtdl tigttul lite <m«pt ll thr |.nj|»^lT n u niTcluued prito Har t i 1. 1913. ii Will bmanqJiiiMl on tic fair ma.b.t valor«f .i

l f tf l l rill. 3. ii ill q

properly in uf tfiai rlat> or lu «riglnal ceil ( I n dkoraciatimauaUlnM txrort that date). TrhieWtr ia anwtR If the™ acuuiml in any vthrT niBrillfl thUE Lj BurcbaK »W mof the lltrenue A=t of ]»Jrt

fiw iHclk.ni 23(m> and J11 of tli« R*iortuc Aomf I g]« »m| Rcpj *ilsm M wild redfMt 1« idditrapial forma and inforuiaiiiiii irginwt if

d i t i i l l l d 4(L! JaTtirm*(lta at i w r n , - 6 > t r j r i*nmn mailing Ewrmeiitt of

lataHra. HIIJPH, MiUTnit.Tvitia:, cAnatuiMimiav nr other Sued »r jel»r-nUnatk mourmof JlpDWorraurt JJrln, 1.1. ga|rqd>r m I BT. to a.iiaaje l^rvm, 4 partponhirj. or i fiduciary, or 0 .6 *1 ai men to »marrisd pmui , !• rvquind to nate a retuia «n Fonm l«i» ind JVWiâu'lnj the aneunl i f tuch jMVQieiil. lirf the nuor and nddrss u!


1937


Mcb ]wi*i*ni. T I M f inm mill he fumMirt by my <«llt«t*i of dining th° UxaUe J U I . If jaa mrntd. a u k i t pny lima during; ta*• • • . u p H l requt.1 tin] muit be ftamta/wi to U» Cumnat- lai»Ut w in a foretgx hbnml aoldlrg taonny at cMmri is

__. » o_^=__ „__.,.. uTMhtaiittHi, J>. C., in portion J31 (4 th* EtivOou* A*t rf 1MB. aa am=»drf b j the B " m «A n of l(JJThyuuau«it lntlu*,uiw>ui return »•» dividend thamnauQtfHjWiHHji 1m fn iachiBHl In root n > tnrooB DT BOoti« S3? of Hitfrjnum. tflt. *tf ]IRfl A> AfiHTifiM |Jv tti« AeVAn||q Act Of 19&T. ]f

valoe of tha oudtiindEns p'«V ofnnanT. gat forth in H I il(unt4_*Ut«-

iiitcmJ irmmur upon requ d mutt be ftamta/wi t• IVD« iJ ltWu»l bvaaue, SofW Set linn. WuMitftlime W t* nenvtd not lain Him frkmiarv !SP IMS.

<M) SHM4 > n r i In JonaaLlc an* foMlfiL ( g w i a l1 ' l I d t lp u l u - 1 ' i l ">j II nr diintft ypiir tmstilc r*=r JWJ

tr ind jtftllv *nt ifocli of » i i«i»!lw or Icirtfii p*rKm.| )iolcl(paui, Mt*fb to -vcmr mum a itaLrmmit Mttiiig forth ttn m

ll rf b l d U b i l t U fm t M t i g forth ttn mm* *mi

.v and UK bit-lust pernuUir of the totalJtn uf Dubinnding utoek cubed! BOf I'd l

vim «wned 6 btraut or mnlucb fatten panni l hoUJng . ^. ..mart In rampltu daUil tin inftrjitalioa rmuirod by BKIIOD tttof iho Htvwme Act of 1V3S. u smtndrd bj (he flevenut Act <rf I t

SPECIFIC INSTRUCTIONSin i i r tber t t to lerreJMni * 1 | * tan ih* hitaTr»n, A( t* Untiftlionii en daildCtntf for unp«id i i p n i H »na

I Bt-ffaTSfE't to certain ptinitaat% vx apwiHt lutruciii^Ti [*j,I. I I W I H fr*n aa|*riM and ribir (kmpmuilDn far piraanal « r r . TW».—ûtei on IIus 1J U w i en bmantta prgpenj « far c*rrv!i*

«M.Â,^. ,r<™,. lchirari«a*dLi< ! l i ( i i"roror<l lnar,VMn M«Mr> on b *d .« . . , (Sc» SnKdn^lnrtrueJioo 15.) . . . . . .Tipfinei agihat HlariH, gR,, suth ag twrdirw cJUHiun while n wIwia hem* in mrmcfttOn frith lout omiiwiifn, ihontd I K IIIHIJ sx-tkinRi in BtUdntr A m in »n attacbeLtri.i,niin1. Traveling tipm-

bikdima (8ct in*dfW IiKtructioa 15.)£*««.—Bnttr on to* IllJcmes Inemrsi tu lbs, tndr <n bminw, bf

nut mmifKnubcd far bj- Ipiiumnmi or c t t tmi* * ( S H «1» B[»*iiSeInitniiuan 14 r LOHW frsni MJEP or n<}|aiitt ol" upUal m t l tiiauM

ti d f iht lInitniiu 4 r LOHW frsni MJEP or n<}|aiitt ol u pt» enured i" tiohedult F and item 10 of iht nlntn.

nu4 gtUtioD. nteala. *.

ID and ttttmint;. The «3ptnnot iinJu£<it>fc.

[[ * jwnl return, enter tf ir|iiin>u jtf in In anlifthife .< urnlnst «rarh ip i iK . Girnlnn of mlbm i-Nildm *««uld tlio bt (ttsr«l inSrhriulf * , II jMicnl ti icfl*ll* tniLtled to miih umiinsi.

gf nnt rxTpding U,I>DO pritaci| fll anaûiht ^r the DM^*Lionn Rituinvr-fcicd 0ik Ipnv 0 ^ t^lwdulc 0. u cxempn Etcuu. ti« jmi4w« Uuquf*«l tiîrffirm 1« •>) (hr Revenue Aft nf ]»W. E J I ! " in tvJumn i. lid* M .I Illeifitt rt*rliml I r m Utfll DbJIftHIgrw iun i ! "J i " l t l »> t 3 « l J iJiK t ieinterat i+Kivnl or KirMtiJ i>n HIL w ( r « s t t princtiwr ol (J,0*J i>/aucli ublin»1"Jii«- l( * t 1im« nlnrjnj! [hf ttuHible yuir yon h»l<J nwreIhin IS.(VW iiciiuri|k]l in tlif nsarifile el mtb oblintiDiH, tntiu in

oti an ^[rrnnrr of $\(H0 plLliiiplI • mo*nt of tilth oUigfttiom,lmcr>.( rtuporio ((Hint, iuc wilbuk Uw Uuhlc 5**r KH I * <:.™~

J T H ». ihi<™riii- f..r «.rl, / ~ r * her* Ik , btwkn i n u p t *h * tHhhaRH. If I lie boaki m kc-pt cm an A«ni4| b«u, xtpcirt Llic u tu i l

itt ol in&ntt accrued »TI the iab]igalion9 p^nnl durliu lb*! ^ '(S I G l I l k {} rf

d »TI the iab]igalion9nol Imtnirlkin {}),

G yii IMi

E, 7. iJtttxi* fromttarjtl,—JGirttr u Ura•Hit) iirf.f Hiirl<=«i u I p {h t I«^*i9lc ac «- f4fpor*tw>l*a'aji && ittrust, Intitule i« Itcnn SI md 32. ret

i o u rf.M. irniicattr. null. *t<, inal **i-

rr irf tlw jjiu*t" ("lwtliw re»l«M ittlUdit it*>ndi«1C ) rtc

ur«ou « M lo

I f t IK UW HW* >*• r an i l« ^-nic f • uiiich you nk I'oii r »Lum d c notaiiiFiik »lui Iha inniiAl anMoiitinpr pcriuL »l liar pimipi-ihifj nf (ldnmrr, yoTl (lirmld fnclude ill viiur rrrt.iifif Julir <IMnhi:liv« IHI IM O[ lltrl l iin.fiLH r.:ir«mli jtmiUhllliK ppiirKl sndlte «ILAin voir l i l ib l * Jtm.

N- l k « l u [ [ « iiKtH util ••rallnw— FIL i* Sthwlul* C gicîfl tht

j

ir yaHiinr rumiriiriKb Ml tl

1 Jburiia K M

Ftr61 irCBnrt al

rraHvfd piopnt}1 C frop* in lirii d tush rniti, rei«iin»Hlll Hi* rnit bill l™i |HI |v« l HI ffliti. (Jnpi rc

* in>|vBrun> tnili ihonlii IK rtpcrhd tfiinonic: lor [IninjUmd of (mi lui \gu r rel um it uu Itir mrcn ipl hliJn.ali fir hw) from tuiinfu « pfahHlta.-tf y-rt, CHT rncUctda rMutrA4J[iii vn vfrjr tywn jicn:ini[. All in

IATK I ' I 'l|i! ^ , ^r.d 4'1:•krm honk^m4flFi>Liij:

If jnAAi*lrf,---JI*|J huokn iill 4> n'tnrn. Fill-™Irrtltr r i fHiri.f accfilirii *™lEi.innl.•i.—If Iht iwi

J j f I IH roll[iiviri(" i; l Gl

K ) ; jiniJ 0) 'AniiJF An•i^.rir..— IfIrimniiJirliiTcine lifttu,

'in '*n1 Itll^1. ivllic*i£f

4fnxu pruflt 01:of 1 TOtT)''ndrrfH] ll fi 1

i , nnrefiue ati^vmlorm Dl

("'•utw'iSt'icr jn UhMrr Fl

™i"i IO<OF.

krjil. in

iJhrvnt

Imilc ihrm »aithifmlm

•MÎB'O*

ir ilvir

Ufa I E ™ m (IS II«»"I«'•rlisd.lfc " I

^t Aii iccrn ^• hli ncTJIll

nititod 1- u

a; W! tilrl

• rnllctUd.

. i^K|.nf4j mor inewhiof

• yrv, *mcn

1'iNwr ml i-r»io [iireii

y*rjn ineudir uui«f trii- i f [urn. !ll iuil , I hi! flJlUB 111

H * «1i«ll !<• 1I«

(KM- weiion 11 4i

i-iifh Ihf prisdijc

i<i KIKII ilrl ln. mkrui mty fat vfilun! a!

'..«'!VrP°B)H!™.* lL™toritt. T V Iwtiu

t)iL C'ul i

n]y~*Ji«imirr. A|pfilinutimi for iwrjiilMinn m rtinjt the bgntisrim »lnll lir inirfp in urltinj; pud likil irilh (ht

ULiiiuincc vttttlu 1U 14,5» «It£1 Urt Injjninini • ' Hit HXlMr TTUT mvhiEl< • ! » dturiJ Lo nuikt bhc rhu'Cf

.'jn'orfrr—Ho not bncludf fnreiKTBalkr.rk.rBirvirmif viiii™i-IJ. ir«nrrt*[*;i(l(nl minor chHdKn fifyini >rr h't»tlv cmiUcil-to their **miii((Hin of liLinlaMid or mife If a jffrit rrMjm n fiktl, "Such ilcsu *rc i>Qtik-tuftiMf

/nJcrrnf.—^nkr on llllC 11 !Wi™t onml ii-ntnrtL? iiiiv

B t i f c f U U Jm deduction fnim Inogne i n r«*(Kct cf dsbta w tJn wiot* or In c*rt, or Q? h.v • dcdurtlun (mm tuejun* ol i l•ildiiion t> » Trrcive Tat liid rtdju

Taipaytrt i t w given ul apis™ For l^lt t i « k c I *ilb4r nf timem.tiMMijtrtd the mrtliori uvrl ill Ilia return TprUnr T H T I M l tout toutcd in j^turns tot all BIIWÎMJUI y e l n unlr" pCnninic tiby the duninlnlmKT u chine) ts LIH Mhir mcUnL Arot pcrmisslDii ts tAutxc lh« oieihnd ahalL he mito Jnl d i k <lelwi JO s•ViTOl 1* f nTop

A cai|^JXTHQrkf nfir4timsthwSi mentmani nlmiupcm tiiunirntlon '•* tb«

l]

for

I: tJw moiliod ttlutbd [• mpn^Td. itb iit eumii tirnt vf ^

riMT U gnntisl bj- Ihr CuKniihiltirif r In i-hjnge 1* tlw11 rtw rTwne nitllu»] ! • n«J. you rtKuld attub tt> vrj

rtateuem niiuirKt by article SI i'k)-S nf lUjulitlcui. inDabd *riiinj| f«m J or - J - J

eturn

ILX .d«lii«Lblt unlcM Ibeiajiiial Amijiiiit has been rup^rbKt aa infcnac- Bonds AÂrinined to• v o r r h k i i anc 1^ to truLCd «» bad ELCIIIA.A dcbi pttviQiLBlv thateni iifT, Allowed n ' <3pdo£tioiv. tnd gvtt-

7«Lr in ^hftl imltMled

Aerrtt* rw<4Ti,in* occur'n! liytqnipmmt m ru

p or fimktti'.— Ruparttei the

It, O J I d IOBH9 Ro ( « «rhiLn^n of ™piti! uwrts in Snlitdnlc > «ori r i the net anjm nfliin «r low u IK; taken intoAromnl in toiii|iiitiu= °"C IUGCHC ta [l»mHI. (CairiUJ liucit. nri> allnwalme- onlf M U I * nttnt or lijIMA » l utufHil .•.Liw. T t M t V M , if U« total snnwiO «t nvlUI loued Si intmtta vf (no l*ur dnsinl df f»»l*l n l m . Ih* u » « i u to be e*tt f«iU Mrn l» U M mi i i i r i d J2.»M.| EvnTl1 Fftlt or «Mlmiic: atpmjirrty, »i'D£ thduirh no fain ar Jau jna}/ IM; iiidiea«dr milit lp«

K d j d t i J

ondp ?r n d^noet Qi l c t c d n c utcripiJaK <* t>K pvtiiuhr isnif. (iiinin

1 rk9i luinf frf flijponiLijhii^ r lft1^ IJF HLurk, mlmiiKii il IfrlinK hnals (non UI«J]IQ itocK dt;» dli Idtnd., rtw-Jc rixKti. ctc,^Thn "t*tl=" [or 1bc proiicrLy i. nut .a1iJn

ti ^BJ I I a f L g s If il M

Ma iitiLE «AlM [•fliii r ih*l « , , ||«,ltld IJWldd in w t

ii>rftiif Rsnniic A « f UK. n-hichtfL-j- i» irntcr. but In ifeter-rw LOSS tbf, I M S I i i L-iWt »> iirljnikvl (Him usctlon 113 iif (lnfrnvr Jtct of !iS6.) If property was i^MitdiUcr March I, 19-13.s for hoLh galit ^rid lo^ IA ihV e&st of nncb rnifwrl-y. vjc«ii3i urwifc l>rnvd,i( by M-^t^;. 113, Tlrmius A't of nVaj, The

rh l f i b ftnVaj, The cMlift, taquttt. ^lck:: and In nJ

thali t * inmil. I f [he nilitci'!l af the uruBcrt?'

l » i l

,i( by M^t^;. 113, Tlrrhleflf vrln'rc vm(«^V nn

fir>. crxc-liRiip. lli'.'tilunU.v t LrcroLDn.(M*i mtliJiii 1J3 ji(pvi«|e« tiLf iMiis lislmi.il ni (ho fsi l i IH ul IHT <l»n atlii1* i<iEhiLn|)nl. full oeiaiiK must I fu( Lhc properly.

Enhr in Mlninn &D! Srl^duk F tk f (mtttliui, » i n n d (ear. nU«lvec<ri», stdcnktii(tut not kse I b u thi- oniMtUt allLrwilibc^ in tJijjtcL ul dui! tuapnmrr (liiu- of atquhltjou, Dr lints March I, Iftla, if lb< propertyth^linrt tyfors tlUJl dalf. Ill ujditiun. if (tic |kn3|irxt> WM srqilktf March 1, 1911. th»?i»t shall k- mturrd t>v tlK Jepmîi

!l -tiiBni h-fore Hnt -l.tp

^PmintKn,flilnh hi* bmni

l i

H i

crly « r pirJiHLfi i i j tvefuL II fe.CJ i i w i in fiamrjDting galr c

t* »*lilini!L. iin*

npiin, Interest


1937

212 STATISTICS OF IBTCOME

I LITOf tl»tt«"

th, iFkttrf|fcMita**r«#llhT nirtvrixrf* hind BbriiRUIH|nww^rtt| jiiparwprik**?Wild* IJJ*litaiHll ft thCfAuiJOMtTATftiltn?^

If W* Infvtr mrirod H ft

llttt liAuJduwn of * comonUon. (BM MntUm lli(c) of UcJUVOlue jiSof 1M8J

Smliiio. LLT4îlln4tVf V* tk» t«4 Is*** P»*<*a <*(*<» ««.*a«*ti! cwiUl u d i * ] • ! , tiurfoK, tw no •.DpSnikia to km nit UHTVIIVBIUB upon the perjuuaot khuidciEini«m « Ih* w* of pFeosrty or IDH(UiUIUd MB UH rwolt «f Mrp*r*tt flock or dcbU UeauliiE wnrtUn.

ID 4l» MppUnUofj of w t t v ! IJ . Millwid »nd •»», n y i i l l H ofWhether • Joint mJra or iq iu in nbin i AW mul^ Jin Kmildmd toba w«nit« l u n i i n Aowdbnily. ft* Itnttafaon uadtr HCUDL)17W! on tbetJIonitH cf l a w of oat (peun From mlu or«iEhiuif»

ta b* ttumpuH^ wfthoiit npud to «Tnm«Ju <ir (ItlUnlH or«sH*l i w t i

i.Rikr.

( • )

at. . . SCIEBCTII 7,—«,;« nJ t««f ^™» ,?slw er A

i. tinmunew*.HmM

i. t>Ui&ta PrittlOHUHKlTtal

rilllVii A/ AW*IT4]r. l in iwBr i i l iud

(&t >l InpfDif

JILt '

DmritUhPi X Cflrp., w . ( t l , oi B MO pi. (

JJ<J*T 1 JWS1/S7 | 9 n « . *». «T I id OD KT 1 W 1 L 1Dwfrtpl^^ "i' Cilji. (Hi. M. IMS trtndil, t 11,000 tundi, fr. 4IM »nd ™ t an], uwrwd JnE,

L1OT» 1 il/3/37 | 11 KM. i.e« 1 BO gfl 6 J At ,_ 1PwlpUun- fe b.1**

Tfti'28 1 J h W 11 j n It nn- !*.SMO 1*0 ioi a n Oft M0 1 W 1 837 J 04

HM*rij.UcO: See btlaw

*t*t& 1.. _.";**<• llrn-»n»t 8.171 1 H) S.JM 1 SS 30 1 4M

* OtllwUa

a 13,214

L If

0 J.SM

L 3H

c*

w

I *

HOmbina uneiuib in cotu

a t e by a oi L vltplhcr aarli

hfadiilTiw IhU

1 If} ToUl 1H1 OT |OW foKBColumn J»ljnv(,.,.,,.-

DU3 B by ijuiipe acconiJii( Lo time hddmtrjF !• JJBlri oi IOM.

lVanls,

0 1&210 w

1

inte lotfjj and *ater nine an Hit* (w

O^HlTlUltHU UdOnrl Vnn

t

vwtm

G t l , 9GB 1 t «

0 4719 | 44

ol thf imiuE•ry ublt wJun.

L t'WQ se

tftdf-

IICUSl

9 tl,i»

At ^

T2Eultl ttT-" Iri M jMm I* to P*t* < 1 hut <**»* i'i tl * Wt |a«, <c imt enter m »

nriH,tri]Jt bova: (e) Lol J1, quunaineL Mullwi, M m . « i l (2,100, Fmmg Hv»\* 4-Milnt 6«t IT.7IB.0t,M I »*,«•* »JI w*elho«M H,BJ7^ 8 ^ eomnteii™jfsM [^ a CWD.. can. rtuk, ISO J...<>niilt«]hrl»M,. M p,r0H,t

»L dli., tJlOfaa. (it wlileli B n«f tli. Mid iflOmB. bun JtQYt it lWIOi of ofi(jm1 aat j t W> old ih.. whlth *»» tt.OM.H.

If yov bwi Bnvt£ itJBS whidTii >aTpnvj.leJ d r t - l * i * ct I t* rrtum, <nt£ it u Hum 11,

u d Kfntaii II] nuure, uilng * asjuratr iliwl If unWary (nr tlutWIF4W, IntHriC i» thl« i«™ U M H D nuniitin Mid mwr* i« Brt-

nmnt esutnel dull be Included in gran Intone to Uir nlcnt d Jpttttnt rf the l«I«»1t mMHSiin or n>iind>nlon p*d lor nitb^miiilf U Uw *c*n#»le [if ttie imaunb iwciTed u d eHlufcd trom.3F11 lllK.E,. In y«r« JI««imil » tlw C»bl( T««r <qi»l* 1I» git-eata pnaûma or mr^dorilkin pAId fit lOEfa mOBJly, Via (ttifaimauit neelved Diut be Iccliitkd ID iron uttoiftt (fortjin 33(t|(3> of U» I S W I I H Act or lBM-j

AmouDtf n n n d durlutbt auibll yr*r under i lilt tnmnnM HmikiwiEKBl nalicj (tttW * £ " anouits utid by K U H of Die dutb D(the jniund, intentt pw™""* "" w*1 ""™»*^ ">J »im™ni« mei<nli» natritiM) jbill to indudsd In gtM |in*niu K the unounti »nulTHl (when idifaiJ to Lht uumnta mclr<d txl«n the taxable revUBd« 4Mb poBlj} «C*«S ttt «**' pmnlumi nr cnuiderituin |ail.

la. Ts«3 iuoiM.—Etrltr«d nipliiin In BchniuLe H all i W K IrmiciwU tUi mrf H -icmpt, tut do lot ifKlu.k> « . p i r t J Horn I i.

. C«n*lb>d«i*,—Enter u Ittn H conbitutit™ or (ifla mf h '

*»lltdji the luibfe

lt«r, M m mim* •isID 1. (wpomiloc. j j (nit, 4 unq , |H) ^ J hual. if buiblliiQ. snulni m

4pttu#d ««diril*ilr H* nwlni^ phivdtabl*. HKitllc. IHftuy. 41 *4H*1lAHt parptMV tat Itm ffr^^JlB^ 4/ CAIBU y 1^ fWîfB mi fnlm^, IV rVi Of Ult DBl BIB(I#1 d «MilliKKtaCmilK ,n, [ ..M. ivAcklM-llHUriS^ UH «. htaljlb M . I

« wbl 11 rf ft.


1937


Tin usual elabnnt Ihajl not «KM<t Iff ptrtenl a! r(Hii nft IncoBWtompaled without Ih* turtrtl a* thOt deduction.

I*. Iltgmtr-Eibtar u LUn 14 irtcrut an pmaiulu dklliicuiilnd tnn huilnui tudtbitiit™ f.hkli •hould b*deduatcd under fldu^tiilw C and Dj Do jigt Isdud* lot*nu atIndsbudnaa l«ufr»d or continued bo puntMM or earry eblfattabu<olhar thaa utilimliDiK ot the l!j|[Ud SULM IUI IH! afufSipi. MTliHT,and originally lutarftMri 'OF bj tf* taxrjayar> tM iottrwt ii|wn whiskti ihgdly eittrtpt i n n tuition. Any dtduttiilH on Mount oi LiHrtstibould ba upbuncd «|d ifeTlll*] In SciHdV.lt O.

AtienilMi i, called to t|i . to]|e*iu HmLlaHow «n d«lu<ltaiu foronraid inxntu u l lnUfOrt provided In wctlen Hit). I B I W Act*f i m an trutndrd [IT U* RtvcniH A t f I M T

J l

m IIIHI M l Vra i[, !»• « m

rt> infill* T*" or Vllkln I n •«• m hall MDIh iMu ll«Mta i p! M»v4jiE il ih nni i n wbum ibr HIUMBI It«l*.r»s«t1iiii™p«lil.lii(|ri||fcb|ll<a™ola«OT<IauBl

HBIEUO H H I S J I , I , tb m t b r#r J K u i d n »J«

*. Tara#.—Bntcr u Itam I i { ( i n impeded np->* TQii and psiJ* T i n * . B n t e r u 5 { m i jmpoiied np»* Tor accrued dunce the Luktibt , m , not Induing t m « i prvMnrIH«J in ruur huditHi or priWanttm fi>d ttne u M t m (giiMt Imp]i m i l U r f i U n d lending ia Intnum U I C T I I W of O* pfoMt d1>J mi Ineludi FnltralTiujmvt t « n , nor eeltle jnhciJtitunwHlan, jUt tucah taut ill.|™v! uprjn year Intend M UltrtJmlilaor • miporatliHi wtilat i n pun tc Iht «rpenLI»n without reimiMn*R»n%(ramnil, noi JiKftim own daimfd u a citMl In lian i tEhi nut Inchiit H ] W taiH unlfta ihe tmi v u ImptuHl dlnetlr uponyou hjc l i . . No deduction » illavibli r« «»v portion it fortlsaIlMMttC And praAU t u n IF a rrrJdl t, «lv^nrc| in'ltnti at.

In Sehvdtile f!IE. Luaai h] ife. tt*rn. rlr.—Enter n Itrai Id IOMM Jrt pwp*rlT

nut cumiHHJ vlcli j n n S-nlrm*,« praftMIWi. ItnUinul durlt* theTtmt, ll irulii{ fnjnj nrd *Mrm abipnreeb, or 4tkr«dHHT. ur froaitboK, uid ir Hbl nvoiBrruiad lor by immurm! AT utHsrurlH,

Explain ind Itirntu l u r l ^ v ^ i, hhedul, G, «nJnJ , I o r t h »4«wipthni «r the property, datt Udtiinul mal, wlwijiinit. improve-DKBUV dcpnxbtiaii iDcmblB jina: i r t h l t i J

l d ddlfck 1t i . B a drtta.-Entar « H*m U ill t -J dCtc ilbci than llia»

d*lKtodM«ikd<irtim in Scbadule D. Baul> uiwrtfiruxl (e b* «»nh-I w • » u in tw i«r j ». butt detail. Sl*tt It tHhrfulii (J f j nr wh*l>tht 4<ht| CMutftcd, H) umt ind lucitj- n-lnlicmhlp, IT my, at ib<tddilor, frt nhcfl ttwT F tn ci*u*d, Wh wlkan thry k i m dm, M* * . t rfon. thin ™d> la ccOwt, u d (fl i » T ihtr were M I I U I I T

o othw 4«iclnunnl akmild tn wtplained

III. Olhir nWdatllcM— EnUr •* Hem I I «ni otVr «ull»ri±edcjnijBtriwii (vr vblih po igmet ft pnrided o« the return. Do notdeduct loam ucurml in trpnnctnni wliich wen.- «<[tai fDnHxtfdiriUi jam tnOt or btuint— nor mlind Info for j»«nt. Ijmte* ffiranraUInc truuaaon* u« HrD*lhlff nalr ta Lht eilmt of H i f i lmderived by n o fmn met Uwuctloni. BUHII whut bKimi nartb.I n during the unble ?etr iiunid bt juriudM uaobr o-thw 4«itlsiu ta inn IS. Any dMiKUon clnunnl kmld t lid

lp <v» you Lntumd eifHnBor omul in j pmptrtj Hit IIK

h I t u c Act

93, 13. Cndll f« r*f«ji i l BoniKlp. » d 4s»n4Bini.—Itrnu H and 13 tbe imoanl, eiplaiqod Ll! SfhnllJc ] ,B r w J , « • mainad Hnon not [irin* wlih liuatunii <jr mir<>. h Ht tai QHmptron ot *1.000. A pentm who djriiiA ibe catiK

f, H i \he head of * ti nifty tt » t i mamsd i td livioi ni(hM).b*4« or *-i», is (nulled to an ««HBtkin rf 12.500, Ff hutmil wilt fite 9n>«iil« rdumt tiie ptuwnal iramsllon anv bob/ >Jth*r or di«««i twt-wn U«m.

* "tiatd «f Jh fiîlj-" ii in Individual vha actually HippvitacnAJ Uin in one hniulnBd ant at mtin Jiidlvldu&li wbg ar4 l w y.*nn#cl*J wtih kim bj Uiwd relitlMiitiip, HtatkiiMhlp 6» nunlatr<r bf idCftnin. aid vtum rllht In t i n n u risilly ^ | | lvidn for tBBH Scp*ndfnt Ind rLdnali !• hu*d upon H U

l j * an Juai IS, 1M7. t i t taipartr mill be allowed i «* t t t rf ({SOfor Misfa daptsdtTlL.

n. EWMd I M U mdlL—Efatcr Aa t t™ 38 UH- ammtnt of earnedJncunbe Ontb computed In Schedule J.

••Bbraad Intern** meant « m aaitriM, profeaaleiul fcw, andelber amount* Hetfytd H,e«{ianution tat pc(«nal t#f.-\w nciuallrTendered, bub. i n t not include mnf amour, I hot iniladed In gum 40-come, nor thit part of the t<mp*T>amsa *.riTBd bj the Uxntycr-far penoaal agrvitn radend *IT bbm to a e«THM*ti«fi *Ud i n i n -Hnta a distribution vf eamlnfi or pndti ratlin- Uun a naun*blanlowanK ai DDDpenfiiloq for lbs ptltOBal KKi th attniirj rendered,In tlw n » ot i tujitytf artga(gsl fa a trade •» hisin<H in wlldi bclhp^mruiL acrvina and e*ptbu «m nut^rlal inHme-pfAdiiiîf fmoton. aruwnaLIe jllcitinM •j*tiihf*h^tiw> for thepanonal HrviaHHtuaityrrbfkn<J by n« taxpayer,, not 10 olsMa-of SO j*wtflt (it tiia ihare ortaentt ptulitilet mill Irade or brainew, alall be «nuidarail m *an»dIrbfiabiE. ÊjwTirrl Income deducLloiu" muia such 4edi|QitEaEii ajnBDairaUe t j •tction » at ibe So^nuo Act oi 1W4, aa untnd«l byu< Ettvttmt Ait of IBaj, Tor ttm r»inxwi of mmpejimg n*l Innmi'aid an tmji«.flr nlturible to ur ehaifjwNi ugalrbM tamed h u n t ."Earnett ncl Intonw" rn«u tilt vtttn of Ui* .mount B( (ht aamaitInoDnu orer fhe BiOn Df the akmad fpcvmr deduction*. The- «afn«(tjimue ertdit sUc™V>k 1o c u t ipcurt H Joiat return la the aaaa. ufi allomble tu t»cli ipouw In aepanle tttorrn; aowcvsr, the tamed.Inecnt, oarnta Imomc deductions, U r m l i r t In conic, and nit In-

SiamâtSttmlÛJ H" i'Uto((M_—Hustund and.lrifi; make* Joinlnturn. Hiufban^ njM a [nlorj-. after « l » ™ llhlWGHe. df M.S6JI KlHia Hum 1 on Facr uJ rrcurn will allow *fi,5M.M. mi other twrc4* «fInoome,. and ail duAueUont aHoiqtil*, bHnt h1« n>t Interne {itoni » )to « l n M0. l l . H|a «4nbRllt»tKn o[ tuirtd IDCABW I I as M o m :

1. Earned h« Income (but do not

:. Met laasni [KIBL H, po«a ] | »H,!M 13

ISancJ loscica trerili (in pvrcmt of line ] « ?Kwv^ irhlohevw is smaller, but du JMI enltr I wt h n a W ) _ M u d s

Al t>ila ie * iaint return for huthttri and i-lfo. thev aHov their va-rkiut ftemi «t ugiMjag and deducHon Kpantdji in ( i t n-l.in. Thewila aaa t*J*fy, ,»ntl no allavabla n m u H oanibMUd tl>ct*m-ith. ofH.240: and her bismB fmm dlildaida aid o4hsr aounea, after I | [VF-ino? (or W dediKtkua, brino Her net fn«oB to B.Ku, K«r tompu-laUon (it eai-ned intoor ii aa f«lSviri;

(a} FV nd inmiw t.j tSfiOO, w kitNrt in«4cne (Lteiq 3OPpice I) 3^9£Q.O4

Earned Inooate trtdll (10 percent af item » ] , „ . „ , SS3S 00Item M on thr fat* (jf th^r fatal retu rn w|]| tlenstan gh«ir t L.08S.OS.3t. Barlti.—TNr itirtac on ui> u n u m o( nirtajt net iuont [ilcn

HIi not >wted hi remnJ iaj im in ih= table ueluw uj Kunputwi bjaddba, |o tht surtai For the laranl. rnnount idled whirl M IBM t t mIhe iiiwinK, (.lie uirtjH upon lli* i « w o^rr thai antotllit flt the n l *IniJuLlwt hi u» tnhle r » rumple, if itfrn 24 i. 39WI M. the

prsnpaihlr rt

i U ttii p< iwnaL citrnfrtlon, a trudrt of (.104 an.itn (olhci H I M hunluuKtsr wllui uwk>rlS\tkrt«r her c3ii<l lupport from Ihr U.iim.v«. Thii cmdlt mayxilr to tbt peiaon irho furntilira th» chfaf luprjart. ind Biayl M h-t iMn t n IndivMutta,

If ta j t l tumrta t tuput r , inMH1-!. a* it tfltets ihe prrnnil uenp-lion or credit foi dffMOdenU:, clung. duHn( Ihf (aiaDb yair, tfcparaoiul I™T,PUPH u d mdit ilnl] br apportimtd rn Uconlanoe v[Lhthe nugrjtt tTmcatlu b«f«c and after iyih ,*int*. Fur Ehr puipoapoF au«b wjwntniniHt • frwUnnsl part at a month 'hall be dbru d w it aswint* TO mon tbu bjjT a i j j t tn, ta *bigb tuc itftmatdtlW (U * tnlUh. Itr l <1 hUd b U

41. ! • « • » laa laid d til* aoar».—Entw M rtem i l , JIhlrtnl on' bond* on whicb « r'vdiTal Jnwaw tsi n > pvjil »t Hie•ourt* by tbi dsb.tcr (flrpffration.

JZ riutna lai pai( ut a ftrBtn CMiitrr <r [Trilled StahM pcaaai.Ittll,—H, in unriiarirr witli ten Ian IS] (a) of the R^tqua AeE oi1994. ll credit l< cl.iu.nd In it»rn 32 U>1 ^îHWHi-proAta laid tnid to a tairleu munlrv or a l u u nUnited 'State., «.L-tpt Form HIS »7(h fm.r return Mlh t« t« iLpSfor with. Baj-menH. Fn eiw rredlt It HDUJTM [or tm« n«nuKl, IbrTonn iqu«t t m i •ttairttti h> il i ceitlSAd a>i"J •)' the relum un nbi<hthe Hw u i b*Md, aid thr CuninlulanerPi.nn ! I IT (IT tlK pif burnt 111 • By U I lUUldJliifn (™m ttH credit Maimed,

•)' the relum un nbi<o.j ran lire a band «J go i[ lb, fa, ,h« l pai


1937

2H STATISTICS OF INCOME

UNITED STATES

1937 FIDUCIARY INCOME TAX RETURN 1937<FOK ESTATES AND TRUSTS)

Trcuvr DtpHaut OPORM 1041) bund t v n t Stfrlu

For Calendar Year 1937 or FUeal Year

,1*34.=• ^ ^ - > — • I..._J.. _ . . _ • — . j . r . , ^ . -.,-j - *-«—^, t - J — i * • — " - 1

uSSEV INCOMEI. DivLkmk hup dtmcuicwid fonipi coinrttwni ~,

3. lateral so Ux-inx a i n i M b°ndt ww »**l>i Fedbil inum t u « » did <l ume4. TmUt bihiut mi CnwuMtit oblwtHbh a t •Graft Sctnduk H)i. l i u n t (or losi From putneril Jpa. »>niE£»tei, pooti. etc. fcnd Income fnra d]Kr Uacia

i. Rain I I J laymk'tB -tfran ^ctirdole C>

ij(««T««rjcri«i ty.

Bmd^,

>. Nit pidfit (or lnu.) from h*d; v Unkncu ( i txb4. f/tiwx incurs (il*fc mtw; UK fflMntf KMdk

14. Ti*«l inoMieailtaii 11»? (entet imotBubie iixwi*; HDEDUCTIONS

13.

15. fial^M (jitvm [OHUUM ilemj I4J „ , „,._, , „It. Leu tuiMUni di*tni»J»Llt ttt bcrtrfici.ria ([[AB SfhtlUl it, cJuiWU J Uti 4)17 Nt l iriconwr tfcfcAljTt to fidneUrj) (Jhrti 15 iain.jp: itaii \b)

COMPUTATION OF TAX

(I) {Sec ErutrLEtim 19).

tcan,ctcân5chHit™+, lint C*»-

U. ltdi

15. Total t»i C<Uni 2J !* • itm M>16. L M ' lncaneuiHMatieuiR(frm3i:liHki1eA.

aJunm 5t liix <)»_._17. ]nBnHtuoliFgnini»wtry«U.S.ptHewm

(fnm &Jcduk A, «liMn t, Ik* (4»

ta ... .(J ) - -

fj)(6>

TDIJJ J DoaJidun=i' Sicnz(i j f"Jstiir/a BJUWL

Toul

i

t

1j !

.*

t.

"t 1=—

t . . » . . . i . . . .S<hedul< B—1HTLRE3T ON CQVEKHMENT OBLIGATIimS, ETC. <&• l u l l

HnLunJ1. w"v,^" ' : ^ • d t > u ™

Dubict rf Oilunbk, «• United Sutoli) OfcJiptHra iuwd widfr ih* Frdcnl Fim

. ! . . ! •

BiUi

<t> U.S. Snirp Ba i i md Treiiiny Btnli....(j) tftli(»ik"i *f iwinpimbtiiiif* ul the UWt™| Sin

p i i u i in te rcport«l «n line tt) above4() TnlA falLtr IDIMI JoJinn- 5 J i i

M m .

vrlllbc


1937

STATISTICS OP INCOME 215

B«MuU C-INCOMK FROM BENTS W[> -ROYALTIES ««T InlnidLn »

S.b^.1. &-EXF1AKAT1OH OF DEMJCTMIT TOR DEFSEriATKW CLAIMEB IK 5CHEWTLE C (fa. EMliueUon Ll

'SSL**

. I...i

' ' "1

i1

7 n "" ""

UfcTsiir

; . £ •UPIT«

* j.-"""" i i""""

7"1 ]' " pI I M J I E—CAPITAL CADIS AND LOSSES f R W SALES Oft EXCHANGES OF FRO PEWIT [ S - It^nrftm 71

_!_.._ |_ J ! ! I |

J I J.:i.._...r !.. L.

Can I n dBtr^tnt dAill • » ihwB ibtw:

IF m a t U Itt 1 CnB?*«T4 itw nit «• nekuta m i bctwHi. < • ) ' * • * » « * ijw)'iJ«"H*itoy':";b)'*e"Wl'Jd*ry si "iii'truil iud tht BducLnj

PM«t<r[k>

Mtjm 111 «l* -Wlft V fat to fa hk» jjT.hu iMt ly if^|in Itn pwta

Wbtdub r-exrLAHAiran OF rawn

- -

—

tl>TioIIUIHu^miu

p 4 « a * •>•«• 1 (• tha «•

ata cuiiMEB in m»BltlllS>

M S 11, 13, ••!

m l

i U

INCOME OnOR THAN 1WTEKS3T U»RTCA IM SCHEDULE B (S_ I m Fin D

I Hum •* I ™

tWiafiCiWllll W*^ -r-2. Dkt<ciLib:iirliiiitir*l<H<kuJ3. If orr J nil M Bi^t ntnamst uid

lk 1 l b faJ I'

Q U E S T I O N Sr la viuch Citllee- 5. D>d

1 t»« be« pnvfaud? hnuiilwi A l t xttn u d wbn

m t •! v j tvw4ur^gtli«t«>U>ruT cnw diiKtlyj itcdi of* 4«Kftk « Fwafnpertood hldiiiitdn-r "IV1 or "Pfo' „ H ulilmr U "/on" nt.

.. _ . ..* Fv wrra cp Injtnxtiofi M.4, If ntwx ufxi tnat . daatfcttnnt inlitnCKi»TtAriKmiiLtlic

aooMii*ti.mcf uyportimtf tkcpiAue Jtheirint> J „

I m

Did ITO I

(or i l m ) ihiL ilii muml llirf inn,

i i

AFFIDAVIT_ r ncanpuuin KhtddH wit sutminti) hu b*« atlHiml by me. w i » t i i baC^ »»etc itbam, nude i «xd tiiH fm l it us i t t j™ rtibd. purwwil to tt« Reran; Ad. of 1934

m i 1« bdait nrt I

IH...

{If thit Eftlli you br seme other pcnoi, Ihc f nllowiigA F F I D A V I T @« brtnKftn F)

'IIE guDired tbii ntim fir LJK pnxi nund IHTEB uid that llu rdun ([ncWIiaj any) t m r ! H p

t*tn pnpuwl tf wink ],«: Inn uqr ISubnibcd ud IHUA U> WOK nit ihii

K pnxi nund IHTEB uid that llu rdun ([ncWIiaj any icHi^puviBg UIALIH kid

04_j'b.~> • * ! - . ' -v)


1937

216 S T A T I S T I C S OF I N C O M E

INSTRUCTIONS FOR FORM 1D41

W 3 7 UNITED STATES HDUOAKY INCOME 1 H RETORH W 3 7( U r n ™ • "• B» IM Hmmio Act *f i m t" * * > * M br I

. tahll to ™ d OtltR>II tO naif Svoci&G InatfUttloai* ES 0Hia*CtiO

T m t i < i * will And it hiltaTuI La r m ) Otnml fnitrurtfan, (A.) to (Pff trtfori umnwncinc to Sll in Ihnir•nd to remf S m i b : Imtiuttloai* b Miwct i tn with fcllu*- In the Ham or Jtama w vhlch xhiy i

iL~m. |W •Wli. Him IH» f i * . l M i _ t ™ r id^tKj , , «t leaH o™ of^ j * Sdiulyj4H Cn->|ft 4 t4e.i?ir ppfdlllfd 0/ .uffontr of .a<* til p«-

GENERAL INSTRUCTIONS

] of only part of 111* bnwrtty tf HI iHdM4ullbt t u nBH CD Wire] 1«1 lor:I I ) Etuy BUt> for Thill be acla, if (a) Itienfl

wait fm tbo IKUHO T U I la dvotO m m r , or (i) Ihr J I W ln«wll ISJXO & *«F* w (c) uv bCfpedtip r U B mmzildaiiL all«l.

[E> E » I T tmt Yw lvtiia afl aft.* ii l i j the net SDODAW An1 «c£itrul tor tl« Ujnlih m i i i IMXM *r inr, or (li) IV gKm I n miK,l«JOmi>rti,<lr If) am butaciair Ii» mrarwIiMinIlin-

RlKIW a» t l » lanhtrl dn tbn Mfc>wl.iff a w : (4) IB tbr a *

ri UP3 RBTHIW Act fflf K3(, BE amiBihid Iw u tala im.._ MiBActoitHW [u» Suetilc ErniTDcrtm IS),H I t l i " " nXI0t for th» I l l .U . v«u, M <*} JlLth, « , jrf (. bm^ Ua*v4nn of my parflmn rf tk» Incam of kl«)i h h H» ilaarttaoiItfliMtrmiditMbad ijnp • mKJT^nq. tf fkt b i l l aai >U

•rt incnni. but -*»U k n n nat ilKfflt « Il.WM <r(rm t d M ft*1 iMBCWIn for dhtrltutini hi b«MHcda4gs.

l*> FMKUIT "Lm^n «n ror» lttD <™| frtn

*o?Vi? * I*™"' °* " ""'nUr ni l *III! (hill, a

1* B C& n cqiul lei Of- ] • r r t r i pi «Hl (SI ftatiLpataj, « i lhu

lul cliarfa if On buns of an

irjSlwfianToior'1

i BUM tta tintrftfat pnotMdibiuUc|E| m a <al •Iwa* L» miira iaail I * I M U A I BI l<fin iia

tag rflbg t ^ H g A AHawiiiri]|((f3» of tB»Ul.la.3™r»f DM MaHat * i t l t H ftt rf i i j w for tba Jlnrfci lr •httii Ua

V r I t k t M l_. d S U M , tâiatan

i Ctntda of I IBBIHI Rtcniu, Bihjrurn, Md.<V> AaUtHl*p—Ite aflfervlE gi-ut Io n«i4|i4 br the JIKUYIQIUJ iduf t

•r7» o* bp ih* •atunifr^ dnas ef Iha mr>i 44tl0B rK«iTinr or brinr«B*JT IK na(»tjfl4 AiWIWltM «f t k b ^ J ^ M b f «tl(» *r t™ft

eittrn. lutUc. , ^ . . _ _. , .

• 1ft it I i . u«kd f . » V U. mum-nii o*H) irip Itt idmliJ^tfti ir>tho«i tilifj* t j iny iîKlnr. MpalTibcfai tr fnttnoJ hTtaiK *nnt, If in HifendE laiaimw O&DBT la n*1

1 1 1 ~ n abniU be mvm to tafcir a uuiy pduic, Tir HUru f urtH W W I

br |»M^-T IH tan nwl

r&s±!I i h t >*•• OH Rum Ii Ihd. or in four 44UI tmaUlianU, at fcllinrt:fin or kiAm th» ]*lll di>' of UinbM r~J.lV™ or h f m Itt inh I nel Uiraiitli BWil QRoT^wni, ibr IMh trnjottt, BIKB amoth •*d(ra«

"f aur i w a l o u l h •»< uld m U " ' " *

Tin t « my *T frtd: i? nndkig «IHsfhxTiin

>4 «en4 cxrii br znall, 1™ BIT It Ja Hnm rH«vt 1

|h tlw rttum i eta*i M l P

J?i,Mimfl PtvBiM . Doat the inHnkrt ofllcr,

•nt fur i io t imc*nljoiiLr (rr AuUft—1

'FT tban <TH HIT. iJ' Bail,

-TTntbrta,

Rnilliaai i r i l3«dddnm if da< in f

J«!

kilb Ihf lldKi

t » tm Mof Xht

i flhRIunuiif III* HUHa » t u t » tU I& r, FMpciUnty. If,

ry rctnra of Xht tiftAte or [mil, t d t V l VltD *elirr iidiiatinc flit rnnuisra at Out D<]| nr initttninijiin.ilrtTIllitit I I I EilinLtii uliidi JM | W H

» tUIHe t i Die « • • *T tftrt, Ihr ImnMuin, ort If l f th Ht I rK

« *T tftrt, Ihr I m n M ,renr. a cop; gf th* «Ht er i iUI riKm

k> Bmrialanorita^Hor l H » H ^ ™ .iwt. jpInb.nM If theiUgrlaiy ntum

l ! J ™ fltaS. If Hl» fratha bata I W , 0 Hfr

h l U b d l t i

«BI»JI,, * (ttttmtal ibairtnr n*«i Irfl •!*«» Jl ™ fltaS. IfAtbumait ll 4.1Uhd«t In UIT M J i^ r lUrh JtW ha bata IWif Ih* (ncn4|»]lt. Inrtif i willj a mftneni V Ih. lUiEbuy. HHn **wt. If an/, in hii mini™, nf null in»ndin«l m lt» «n»t laVUch 4e ta«™» pi Viwwl»M iff tTTMti. ta*W 4 iki HtQb Mft-ll, OwhnaElarin, u Uii irartiir. naiml itlr. nut t* Wtd wta a* t*tm=fcr Ch tuaUc twin FVth [ha ttntfdaaal q m l * .

i t bi f— — nxnul bîn, nnmt BG I W M JHTIMP «wn

itt been #t*uoBy mttnJ or BDlBEB3*on tha booldpipnd ei*I Ja&tMil cf expEnra piU. Al t4 ia*.lkwmixv cd ilwhu.

LiofH CUptltWi ind intcmit JlH to AirUJll HUiH , B « S.J»dltn i l . I f ttm ona. air « t MPt °n f H acraul bull, K- Jf no

_ _ BEpt> Aiabt Lta rrburn «i t b cuh buj* and Hfqn ill hw«nittd dr n iila ucdvHr ivc#lwit ii>zH JB ouk Lntamt «Hdil^ u kfcail it tit m a w trot end CCHBOJI EIU4 intimt mttxfH, a d; «mnpU0. »:[iu% i4pi|,

JI«KI fXtaipH fna I . . , All Ib4lU* irf liWimmi nszdivl anj dhlniduarapt nvn tax •amH bi HfWwd Jta iUndiilB A, unot nentu'•bnal tA ba itvortea n Qp Ualrf K

TW faltWiiv l u"" « • aunniit flnra FkdWO Inant ltn,mtrft •rim." IndUalladVBiiddiBiiUnot l*l*fl*iad l n | m l » I H :

srss L

^.T I k [ n f n IP <l » y WKT H4 d<f&k DB ffipw^Ml •>* • » (

t U T™lmr*VI timcMWk I T * h ^ t W - A THHTIAW atfuwwtior Ihi Tai.ii.I*™, nor ud bni, ind ohBaiaian nt pnnrty « d 1™ ik»

Darfulltta l> k» Itan Hit aciail lift.

JibmiitH qpgn Uu tbi l nf Uu omiijil not (r« H.kawnfMf r AJ MU* cnvtrtT lid < * HtoluMt nunku-of r « H HHUakif .f H. MP«IU=arfol lift, euc4 IT lie mpnl i -au nanlmsl prk» u W.rdi 1. Jtll.

111 n u m . Xmr r i n n nakllic kunaiti t l ail-* • MBW fliJir 4fUHd»M«

VMr JUT, n • riiuk pwvfc«, n j m . nlf rert, IHUa. Hrauntai™an(r t ] jM«ir iMBdTm.( l iB . .KM a ppgtiMupJiin, «r a ndudBnj op fz,»o0 or JH«H ta • married I W B ÛnquTnl b> nlJia » rmiim OH F.PIH. 10Vi«nilO«*wwii—Upttr™uit•f 111* p.mrlUa ai»L tl» n i l l h l ^ * - l tf tut IBFIII. Tl—

il, n:

If at anjrUnnSlhriiwt*» la i i i tp

kjfi pannrlipta an*± UH- nam* p >d ânao t f MilI will boLfpirrdrtiod Bf BBêtlittUi- iatcfad n- ^p,M « .» . ^.p-^^

nc* Inter flum j W a u v

»l hHt l l t UHnllilB.—. - . , a r i m m a r f i i r M i l 'wily aur ifcvl p>f a d«iTM*cie or A>nd| n m u l kAhbaj c«m-.laofi to a™ ™m™ » rtrtvTwTt nJctol- f«m Ik* i m i aad •Atrua

<f «ih i n * Mlbdky uid Hv Mahiat: Hnut^gn of tha btal n mbet «fitiim of art, cfauof mt,t«idfnE ptit Msi l bj Of uUla gr butdnrinf E>pt U « M i^mr, ]f C t Mlab< t l ttltat pned atock at BIIT tljBQifnHiie 114 uetMt i w l h l rnagn H M n l faiMnr Hpnan. u, M i l dID saliii 4s 1 ft ll» n*T*iwt Act o| idS; aa anoidtil 6 t u Bpnail a nf i H t A m I.OH btJlHlutkl In HH nbnn m mii-rUtsi U,f tmnntH«iHd tsH Included I i rma iaermt kr KctkiB 3ST vf tlv HH»PJIB« Anoltaii, t i anddM by Ua K™*tt .tfi[of 1MT. If tf. sum or tnjit

rm isTklao »t UJI gablaseiiB aUck >r«ch VunririiPUT. Ht f.rft in >iH Itluiud il|t/n(U | n mmplmn ni»n4 ly iWlkf :UT[i| »f tlm Kfcnue *a. at

UK, H I

SPECIFIC INSTRUCTIONST h . oblBU» rf (Blr I n * i n nurekidil ****• • « • ! i t h BIJ l i . r -^ -w

Hf4l NrtliM' pl«»^* dpiLw*M, |wk h^n pf *= PJJjJ™ F°j" M nP*J*WWi • • • - ^

,^,irfr™llt»dilm*] Im SWumlt rnirr. .i^l forakn JncMTWi tflj fhrilti tot

IF tha tuiftir i s «i Iht tirfi of%*Wi 0w Ttnrn Lt Hid Jg*> nM

^ t t ) ^ J J J ^ " " " "ft tJ^t pnJu for

KXAUHUK prtadofthtW H tat Jfti j»it »a J M I .


1937


SPECIFIC INSTRUCTIONS—Owtinnci— m l N StfuJuio C gl"»B

y of trap. In IIm «f M l * hrrti.d b d i t Coreport titt iiiLniK an Ihnufli llie ft-ru hid been wrcaivHl 1n ctift. Crop.

rwcL cd u r«it IHI crci[n*liB rt tia *ii HkuirhJ De 7i]»rl*ri aa lmr.oi£4 fol In.icar In wMth 'll.lwprf of Timrtia 111. f l u n M ( I Urn **<r«l HlJa),

1, Ctalill j l i n l>r kuaj.—lûnt Jlln t r Mdmnaog of tlpLttl ameliill EWiWUIr t and rat» 1h» IK-1 •ftiou'iljpf « in gr i « l M bt tu«a rrw

»ru>Tn t!t^1«lTFf™^lH0?X»"ri'fEil''».1"1. TlwtCncfir *« Una*i n n a l i f ciS^d k a q <• |a n n n of tic Ipttl aiVHial et catjbd c*ia*.Ilk. > n « ( H>,60 ralmd ai bttm T aw.l h.l,ci«<d M L U I . j T ^ r r « >Of ehchan n f prtperiri cvcri IfcM^b to paia or 1™ may bv JlntlCI14Oj

I.IIll. U^lpmr. 7 r,f

t l

iil faft lE

liU]I(lV.II.IIlI.<k: <»J for bond* o

i d i jE|: <»J for bond*rjititiliun, dcieripljlir, of the<> Far lIMlil. ™n* uf Ilia-

i j&n diHIHSIJI!*!, Hod:

10 Uv( f f q i n'e f*T HfrtHr

i j brf MSi 1 In a

njjuninr, ifcinttlaljiin ^lpmr. 7 r,f Sfhetlli

rnitiiY] of JukHedncra. nnn at ln.jlnfpuEkulir iullt. taiomliHtlori. . i J n «

inEwipiiTnljtfn. clMftof luck, mindirr n'ktiii (ncfitaf iM* itKti dUJdmdi. oU<*r

Tilt "bllil* (or l*« ?""|MFtF II F»l lUij**t 10 Uv( f fq i n'e f T HfrtHrw n i i i • • S-r h » ^ if • ! . . r»wr t r « t « , » i r < j br fw M,Si 1, I n a.

If I k prnarir KM f ackun«4 * . » HJn«ir«t priar b Nw<H I. IHlo.

Ihibi i l i ftl MUmUnlug EAIM n i^ iMdSr iho ftir nAllIt ' . t turU <ut

•inh 1. 1113, MJiilUo ti 4J 1 i HSh] hi IwnMiMr. butn dtfcrmiiti iwtim l i t . ) IfTnftrVt w«««ijiJml <diril=irli L, 1»1S. fctilp f r bothfftih m l feat w tM CMt nf ni Fi pT«pcrt<. t m |K an [Alvi-vrijf r riwlf(i(3b lion l i f . TtH MAbtiofH a»K fItirnly ivLri-e ] i n | v n y i i i i i i r i l d ]

. tsx-f m eufi i i ir . imûnt.in (nuritinn. or washKKh tua iccLion It:) |irov^, tl» Idkh Ih.t f ln

niîMdSriho ftir nAllIt .tturU <utniin4tJ 111 Hilits HS4h]. whiinvvW I IS t*4 tairi it CWL U idjuj i l f9iJml <diri l=irl i L, 1»1S.

ltiofH a»K fItirly

eufi i i i r . imûnt.i

a iccLion It:) |irov

Ti|. d'uli -

k l m whinm T of Srhrrfi.ifc E [1iSliimiiHofil.imflHI.il! «Jm r *pd 4nirh ol*nlRHvn» kwl 4*-|Jr(iii« vhkil )*M tMOT «]b

t ] Ihxn th* • c J f i l k ) In P t u l t h [WWM tMOTt laeh [WWltr(Irel not ]n» Ihxn th* •••rniic iJfj.i.iilk) In Ptu«l o

lino i i l r iiUlMii'llltn.i'i iin™ MJTI1* I, ]t]J, I tthj Brnicrl;' « «

Si nd btlon t» SI d»K. 1 n ••Uitain, if |li( EHMtiy n u «qul rrf IwTwt• rcn I, MKV ""•"•t t t ' i l l Be nrfunrf kj t*» J<r™)I.LiBii tn j dtpktlon

PCCtiiy t l ^ n n i b*rsi* U«i t|

t>N.—19a tola iVaH ve! tA iti

n lfm laVjtUsu, imp

l tin fldKilMtMVSf l

ITJ «AVrr 4)n 1

UmXr, uUlkiui^t

h(<i">l<r 4.IWm!, <>rl!) imrfcn brt™i m liriifMial fe>d

Wllihtiarttnilibfflrant a DFDftarv f i l lOn purpaa rf I ~

T »f <u<h <CJ* V>r

UJlmili. b < k i n ~ ^ H

. . . L UmlUllHi ia capfbl toun. ate,P M hffldcS tnnanl of eta I t [ TilUrU™ In Uw (Hrtritat,* fena 41a-

iriitUMa in Hauhatkn i f 11 iirponlkn dall h. t>k*n n u u n v i i

arxnfkTtrihUemtaSinttniMiilaribaiac-ftraitrtrw" "' 'MM Omt n u k *f t t rnn la atock n * M a WevaUnc urcrthla

&. Nil vraW (w Ian) tnm Irija or > w i a i . I f UK aLaJ cqneed Jn . trwh uriHJtbiau ihirlna; llw t m l l lHulk (iTt:—> « I tm • and auaia » llit nram aUh> nalnn >F l l * tnd. or Imiiaaa. tolBt nctlpia, « t t »fbnufflkL Ifir *tk. htventwiac «f iMnhlvnliaa «a Und at tnt

(Mr l u n i abterlmr Irtv uM at

ftlitf, l™tarict rf'ntHUiiiLaE ori'hffci irwU'lrbLr.'ini^ttM ttjin-mi« and t r j *f rti UuliTt j = r . nhkli nn>- h[ vilded ai (o) OMf.*r (+)twi 9T lUTketT irhkKew ii fewer. Tr^ruyerf Vtor* r h n KB n|4l*n ts•*jpt l>lt huif orr ipw (ol m( jor I P oort or marliM. nM«lanr illonr. tor Ibor 1M0 iniiiibiry. Tka buh prtrvtrtj adatud for H i t?r*r flr uiy AIDAEOIJEBL r*ar b nnrjcilliiiT and a cnaafi van IHIW p4 Hadevirir alter pAiniiKia • Hcund frurn lb.Oa9nhiiK]ntTj nii|ilhjiT1in forverwikihn to tfuni* Us talk of lalglltf hnviei i i i ahalt be maik !•™ i i n , m r r i . W w m < t a c ™ i H i » n . r T r f t l i , - ~ • - - • •

tttaiMi int tKfcf*. j

ignin rwrVC J

M l u j i l t mill*! asnl Ja Ow ralarn A» liuU fo ll t r f J l

llierortllj

-tort *ilhf al tl—• mth-M l u j i l t mill*! asnl Ja Ow ralarn A» liu n>r ]S!1 nrjll bj vaad inrtUnu for ill HtMaiarf m m uoJtu « m l i ™ i miiud By « * <;™-nuntmr to diaan b> llin other nnhod- AnillEMbn fnr rMUKloi. Wchaste Uia neilul ihill be a k In vrttln* iTlmi HI din -rfer la «ktdon at tin Ufltl i m r ier aha* it u AaTn>4 u Mitst I M ciiiyp.

A buuanr fiiaj • Ant nfctrft of dnUMiia i n ; HT*n ohlur oftho twtttnitWA mcrttuml al ht n b h i i» .ppnTal I T Ue Cifiniliikner tuno

reirtrifed * • - -k u an in n* trcabH aa 1mA tkbtt

return A actieduk Pnvlnrutiam•Ijnvirt

c n tbIi inn), aRttCll tM

lCll » tMUSS, M l(t

dli> CUlate?N

b

[: (H eon iyf rood, H H ; « | I

_ « . uimFT7~»i"Jit" n»* iasUda b part • ( tStm JjKt M GG*4raiBoab pcJifRU«IHL *lt« ahaDd ha extend bt

-tnt*F u rmrn 111\\ intmil paid t l SKroed, vtr^r O uikttdnaa (^lliUnteJd lit dWlltlei :a nmnalisjiiicnm.

*l)™aSif*aeplaiiioir I™ISK. Vnti » -—!*• • i ™ - - ' - 'hich Ji

bg (iplalnnl aad

rJI.-In raaimitiar. ixt H w ™ »( i i i m n n JnnirndumkrHrtfcnl SMth—

llaaaAed b 1W -><

JuitnnahSlte^llnSt1BfaJ « Inltiwl accnet andci- aKtiotl i _

•ntJ niddtrtv ktad jtrtv ikf«tibtl

lHtin

£>4 lift* ibdudt iFc^ru likntrH UXE»J DM ntvtn WJpT^fKCeHlCILirin tjrsea, Hjsf* ImpflBfH uponlhe liitrrfKcr

malt or \.ra*£ • * ikurtlwlikr nJ1 •. wfiTOTiiticn wMdi u « u H hy tba ctk i h t l-dmb jr*rn*r*- tnm thr e*tpH* en Iran, tm nt*L incE

• la iLii-. Da i i ad ion ia *UmITVfttl laicb df A CIMDI ll L_. ... ..-— - - -

Any dcduttian 00 aeogual «f UUa ~Vald b* 1

rlKcTrlia

t Hi ft(» 17.

lit SrWiiff ,lit. Atkir iMKCinu aaibirbai br d - _ E « . r a i i t .n 1) tin 1-Hai

m i n i «f t i l JeiwiJoi,. ..thoritrt l r " * -kl.ri ua not rr j i * iM ataa-i t a r m 111. mum .nd Itaulu m t dfdJRKU m S*c+3c F. Bt^toHat[lon[ dnetODI k lHI bv ftTt, ilorn, «U-, b*d d>Mi LoE lkciin« l l •trtrb ™- h i i i i m , v 4 lUcki vMsh I H W I -mnlilHa duraif U ) tvraltel«lx In Ud uaa ^f km H1 AH» fetomi. afaff/wradk, of stilnr fa i—^j orf M I , un ftnk La Stitrdiilt F a. iwcripUm sf the anuuitl. oUa

l H l i v t ^ J r i i l aAiwaâ afnsI i Vk> U a nt

tk*y W w w At*.

In c m til* i-*1*1*

LB. llaiaanU dl

I, un ftnk La Stitrdiilt F a. il, « u " H a i l infrwtnilttvt

criPHIWf fa ntintcihh.*ril

JiHt 1* VlHfl<Oilri—Ealar ac linn IS * • (Hal

BlMor, Ha* |rram™Ji than IHHal H onuganHd pjtd lUlBild H M Dl i t kentArlailp'aaaTa) ra «eMdvlt JL

I i h n r t l m a n i a allnral a>4rr aMtllla l<M>>ri)<—Jta B«lalaariraA bj allevad for btftl MOIIU^ tag and oiutax Mrposef HUB vtravaa]titrnprJoiL e UiMO allbwod * final* Ptravn w w l aegtitn j*â>(lhnnpc that ivNI T*TH4iaL âMtRpti«i i . IWt Allowed b .tar bndfc If UMUUt imbtintme iHalrtS tT ptlriita Ult iwmillltltB i t • » portion ofl i t tnill ln»t(ia and t|u tVIn of Ihe rojlowinf jiUnis ke leal 1ban Iti Ema

It dtTmH t«r > (mt(atutod ajrlhV i»« ia»hl« vvw « invmttainl is lit p ™ lae™. l w(U dKhKtbra I R M I B I B mdei nnlm 23, there ikixjU • • auarhfd 1« "111HUin 4 u^trrwnt WFtlTH bnh tho fw4. ra«KHth|F that Mrtfioh, nf Hi.

* -hlcN, wnfer Oil. t w at [IIB JurlnHrtkm « K S I vldclllha trart '

mr i i sum SS Uia Idudar/J H Hd Hn»m. m « Uml mur.lt wrJth

dWnor ojjpoimtlo., * . ndWctod tn ! '

it A. IvhiikIkt

rm Hit ftr tf H

tS. Ill I*A ]i»a anartct H i t ihwl , Hid thtC-nr™aiB«rih*i;j M a ff «ar taK flw=d H>«tf tat

3*Ja»*


1937


UNITED STATES

1937 PARTNERSHIP REHIRN OF INCOME 1937, Dnjimwt [Form J WE hta>l b n » Jhrrfai

Fur Calendar f u r 1917 or FiKtl Y*w

In {Iran meifrfifran budneu1 Lan tort of t w i M U :

r -t bediming J

) CUM pnfil (or leu) h n Irtuinai n ^rirf™m Citttn I nlim kem JJ

S, liKintwi biiii<iqiwti,>o(ci.<!iri>«iiion KrJi.clc. CnucBtiilcmtuibc raurtcd In iuni> |.i. IntaeH Wl tU-(lTt Arvcn>i« bcfjl bJUnvhidl FilknJ in»«< ttn >u pid it uxucf . . .

4. Rmts

DEDLPCTIOMS14. SpiWit* UDd KM|Î (jla DAL iffitlK^ ntn^rrmitm til BHt V***.15. Ettnl «i h « i « " P»sp4rtr- - -

17." ]nl««i « ^ t c E A ^ ' ^ ' p l i i ' i n Sd.olJc'H) "--

1 * Cuttibutha<n*l»iri InSdudubEJ _ •• -% Lo««t by &^ ii^ni^ etc. (iiibiqit Khcdulc KC ImliuetaL 3

II,

kwintlHiriHlbyLirCaiiluiiTctaL Jpdurtbnt 4i item 1* u 21

uaitq 23).. ! I

/-DIS1WBVTIVE SHjUtES W UlCnm HUB CMEDrTS &— I

Ubiricl t* CJuml...«- LTnlbd ftth* (HiiKBioni

u l n o , | g i ,40 Obliptnrt ti ^ Unittd Statv'wtfd

(c) U E. Soiiip(A t

B<rtk.


1937


CAI.HB MID LMSES HTOM SM-E3 at EXTHMWjEl OF FaCfBRTYM SM-E3 at EXTH

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i W J . D-TA.XI3 ( 3 - Inrtfo^l™ I I )

TAbKantaujteni I t fwk P«nc>

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Mtvdyb E—WKTRIBLÎDPfa OR GIFT°I (Ah Iwlnifthfli I9t

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^T Hgro>Tai Bl jCHEPULE a

QUESTIONS

3, If M m w« Bin) w pituditij JH-JF. te uluh AJIiftv'j iSftr -•• it

d jtLhir dill «rv.n wa> piip.r=d

thH!itut vdufil M (it ital. r

y ued DAJ iht J*K jiLitntnv}- wu ILIL

ItUlh l l U J l rHMscd by lulnuliw I.7. « » rnum of MornuHitn an F . ™ I»H md W*i H<d fv

A F F I D A V I T ( S ~ In^ructlHi E}

I TWVir Ci/ 4Am) that Ou niuiA <inclwfiiii any M«*n|wiri^ f^fdujM .nd^b^tHnntl) hu bet. cuminrj 1^ m^ hrtd Co hf- bnf cfeUef »^ fnflt wrttOn m j vmtlck Ittom, B«dc Li f » 0 FuLjfe tof- JK K>£4W1linf paitd *uwdl PUniMflt b

irt<* dFinti)lW j rc fi^Fvn^ t'hAntiinlvtûfinBilkniiuiie) hvwi ud tk«l die rrfjprq 4jiKp »fr«^ *nC VHlitAbtt iLalicnienl ot ill tilt hftrjnitnd tWBVEnL^ f ¥ VCp C4frttt *nC

! * • torn pnttrnl of wttfli I/wt hji^S b V d d bJ

ibc iaOfot M tlHIty «l tke Jteiitfl kv n t n bUi id

40—i:


1937

220 STATISTICS OF IN

1QQ7 INSTRUCTIONS FOR FORM 106S

UWTED STATES PARTNERSHIP RETURN OF INCOME(Rthmua an to I t . R»«nu> Ait of tfM, u amandid by tka IWwsm At( <rf IUI, mjM. .ill,...!.. ndM]

It will ht h*lpf ul to Tud CMMFHI InitnietloH fA) to (!) htfviw nmmuul iw I * £11 In nb inu , and 1ft rwdSpecific IrwtnKlion* in CDnnoctian with filling in the item or Item* tn which thay mfar.

The term "purUitrnhip" n utei hewn induce! *. lyniUml*, imup, pocJ, joint i»nimr<, or otlw•jnlneciEXiutsd argAuiutJan.. thrsuuta or by I M I M «f whidi »HT buiiiujti, financial alteration, or tuAluiir iaCarried mi, and which ti not. within thi ma.ntnr et J H fevtmia Act ol 19*, a. amuidad by dia Rcytnu.Act af 1917, * truat or atata or • corporation! and th» t irm " p i r t ™ " 14 ui»d Jltwln ilKjudti * nWnib+i' 111l u c h i ftrndicete-, f»up, pool, joint venlur*, or organisation.

GENERAL WSTRUCTIOJIS(At Who u u l air Fbcin lHS^T.Tcry itojimtiii puuimuup andimUnn;

OTillirnlc*. BrtHjpfl, litcl*, jdi'lE Ttiiljris, rLc.) ami e^r}1 AmHsjn rnrtEKT-•hip. cyrlifMt^, pnnl, tit-, d*in« hKilte* «.'|iHjln till Upiiinl SLUm nrlunaji ui MUM DT pLicc «(tmincH llKRiji j>htll nitkt a titum ul ininne«1 fulfill K B i (Sec K[Lj«i UHl (at I'll nr.l Supplrannil P.> I f like ru-Um » A ltd- Oil llrhilf cr 1 lynEricarr. [mil -jol nl ipnturf, nr UmlUr finnis.,* enfir fl' t l ^ npawUnM sartttrttirt sihauld be ntEukod ta tilt mcuvo.. unl-eonBCCTiy h u been vnvmuly flltd, ImcutliEj- vith all aimndairjit* t^RiA

< 0) PirLld 4a V. «.rnO Iv n i t pn.—Clifepdiir railMltt 1 m l i* irIvclminc in ISJ7 und ni[|rK In lMfl A fW»l i « a ^ l HJ up Ihv 1 ~ *day af

Tlieunfaa

4 V «rnc ISJ7 und ni,,[|K , » ir l Hestawlar Aontli PKlhtr d i n IJcctmtur;tahlFahH Arrmnitin^ iierirj nnn be sn'rHTTd ti>

MTTniiKi ii bi T#r«tli4tfl *rt.ip, ihi- Cur EiKîrr tn fciliciLlun Jor a crnr.py .n IF* Kfduni.u; (KUIUJ Fh;ilflB and fsmi ik i l 1n tlir I-,:JIT,-1J>T ni^,r U, I In- nin rH- r k , r , uf ih* Proi»»iL f^rioil for wlii.h A w14 t\tn\ rhfr^Ljinv>.

Roin or rrl.m.—[ r i w bn,h ri..™»L»J ktp!

M Made v iinlH>Ti nr !UIim vui ld fcr

roundUid. JIT j . i u lHilWwair muKF jriHjr inr reiKizurcively m

A up™ tand ion !• ulla

mo arrniH, rcen tti4uah iL api i»t b« i i JltujtlyH ihti bnnk*, bltd LhpOpiBC!i inqUitidinitc&il of cspfliiwai . » M t . ) t » | l ; *n'H«t t«»i^ .r if juu kiil m,

turn vii a ntNh li tut MTHI report Jill Jnpnmv nvvLvn]ril h i j ^ t t Îtd t mur a«oi]nt

Atlrn,

hllbft^tfl |rt Pi- arVI. |

f «J lVn Ed rural h ialtamnp I IHI rluw <H IlK Iambic jvijr iif Lh<'ji|i'iiUltipWiLn Ilit cojfcctnr of ir.lriiwl rvifiiUT fjw I lk di;:HE!. in ifhicli Lhr

a ff.re.rn j r j t r .•srtfc filluwmirjiiidiw* not I

ripM rirnnn ur uri'nrv j> ihg 1Ihd (jtilBfictar nf JntcraiJ Hevcnut. EUlUi

(El ABAjxil,.—Tin- n l i n saa.1! nc KM,: - I 1,:. hy sr.y n:

l | m , F ? h i [ l J i a l l l ) [ lilflHcviol hfl.-lt Ih* l i t ' ldo]- o f ">= ' M "I'Srtfc frlluwmir t l^ c3™ .f iP.r toulil . ' Mu- , Jful i( Mirlirunicii ciTt ™ry;li|> d im not li-ic k,i !• , .-1., , I,™! „!;„>. nr tnisilira* nr prin-cipal nrAnn pjr mi'nrv j> thg r n - u j j.iai,-..:, px. Tomrii thfiH be hl.uLiI h d ( d l E f i r t f J t J I l EU K

ttt l U i l t i ^ ni Lhi- WLiinrUL riatyr EILf EJl

Ui* pilirtnvii--iI• he adminhlfrfi uh

nJlFTtiirp ill- Impnial r*^<rik.- Uf«ii1.availaiitci, ;IH W t n BtWU^ bt v-i« m a r Blltaftriusl lip AilnLin:-rii<r «*|43

rl ]iir^ ^Tt lv »LLali.miy rnlVrirr. 4t'pnr)rvi viido ATQ&ir in mil

ol i iy mihlK. nr iilln-rL

L Sor FiPt mftic tahbi & jwririi -or to ih,

.—.Ml ila-Trmuf JttwiK cLi imi t i j i i rc iUPl t lLJL Schedule I. f i n p t [ K H H M U T i-Uri&t L,

ip Irfric'q PhrPHVk 1*? itur»M ,rirnmh riua k»

m n tiix stimuli! l>r cs.. krp^rp^ htr JSriirii:

i'd1^" ^ S T E " ! ? " s ^ " * ! t

iMk C K }«jl M fco>dir rtr. n * krfUrF*h<-. ^**-^ in nrub *1 l:-/ -t ±-v!M=L'; H l'>i Ji.ii IJ . I IUL^L ,PP^H u»" itrr-J-J •' viL^-l «• njriai if Ik P1A1 ITCL iwitmr: n v*i It^M. t ich urinrri

| l l | lafiwiHtli i i | | imiirn,—l>*lt' W C ' H "Ullinir lHi'lHirilH (;.[ 1*1-

iKifi'iti «f([/HA' nr n.n.rr i ln ih* I lit ciikh Ji ir i t - lr lv:u, In a oiniiu ptFtvn,a lULTinrmbip, *i" Ji liditriarj-, fir E7_ Vfll' up II^FL- (U t rwarTKfl ptrdvn. i j

i-r »iii-h l'»l iiqL-r.lv vnj I h.c " 4 ^ H KL ad4n^K of I'ich r«i|XEr4. I b mfj.rp™ will nf ruriii:;pp(«l US i n j td« tn - f s[ :pilcrhHl m'.n'jc »|K.n rtqinSI-

d b r * l h ( IIIMI-PPI.I Nl VL-IUP SortiinJ l i l l FYt

1k »4 fallen p*r"11ll ii»

JiolAiJiB cf'ETifKirijf.•-!• nF-ii umlJrEM of

m-mher off[Llt^lt î |»f KlUTn h fl^rr:|:tllt ^"l I 'P'H (wrlkLiifli ^MIII ci«.niijriT J.ik:l tiki: I I .E I ILM |H-ntnLi£r- nt 11K- ti>u nymh?hliP. r i-T VlK-f| fl:n.k rf HCmiiiuJji-iL,; | |HH;k (..»T*-|lh|,- lh« ]Hlrt 111 f::|"-ifh J".

dli_vl 04 Any C i-.r I IJT^H' llir U*«hl._ \ u »

ti;.1 lH ' ltFTHTm? A n of Iflif, (here- rn-usf fc

•:^" i'f l l ' J^vcnvt Art i i l -J'Ji a? ihnL'nikri li> tbi: J>>.yTiirL Ai L i>f ISJI?If tin- |KiMn>-i-ili:p is n. dmi->-»Lii: ii.ini ••r<*iijh nn3 ^•F.IHTJ ri r ^ m r i or m rin T im.- i>t •.I-K1 H".-ii.mcii 'lii-p •wi'Tk it :i;c>i A'rt-E1!" prpm.rji r^n n^ <»m

Jm lln T I W I a i i

l*T*hi|l 4.-P«Attd >SrH.Ti|BB-UnLu-il SLntrj. fiy •<.•[*'IJ

d^Cf [lie' L

INSTRUCTIONS

i n.rr'i»..ii™-'ilili. i»irr-»htr*r in l»wnr

t^.lr i. p i.i

i rpiaj'T

| {e» i™:. i r 141 « r t w I

iarhrl. wl .1,-I.H^r In |.-^-r, fir ;* l I h

r,'ilw;pqij*iit f-r^r, is f-'intrii-ll I Tip. *nn & i"lnn-n|[f* rJtrl h w be inudi? on Ir *f|c^ 'pfrWrtiuLi*!* ic »CLJFIT4 from thi: gwpiWI-, A^plK-alioiL Ifjr pctrnd.- I

pVdfltwi v I l F i l ^ CJOi"iij*M'iWKiLhlii LJ ILIJH •ftnr tti« twpstiiilr.jE rf [ItoLiiuiijtj j A i r in wlii+ii H jf. ih^TM fn t f f h t • diB.n». Kilter \bt J.^leie-C , " *!- Jl<; 4v M " imiiiHidl.My b « b n tht imninL coluinn. If lt^ tuv-n-Erfira UJC ¥U]HCJ n4 tJEJir r cmt. cr CIKIL ur nurLj't, *tikhi'vrr it hiwrr, ami•fiÛlll fully ih ahW-r In gu-n-Liviii S n t L b w c i - 4 f f « * rf t U itiflTTi

&)? irtiflc- tf f t r - t Ui l KLLliiilrJiHi IH with napral ta I T ^ H L I W H byJtulern in jccnrilii*^

twrfatti**Jit nJ^_—U Lh

1CG7 If.* foflkmrniifi |. ^ jifEufiLai 4ic} [KreenCiuFr- e- pr-jHtn lit

It flwd, AttacA tah' for <hn v i i m 1»3l. l i ia i . U K .

*: (d) onl of Tf-rfi 30M1 I - I cni l m : I F ) u r r l W U

i .En i ( (|flh ji.' ! ( « • • < rttwrjl^,—If lit- TKirrnsmfcit. ! ™ « a f a ™ jiiml

T b»he t f OC«ual, t r kftlo tui4u an i cull h u l l ncttnth (njni!!»• idlmlDr inl ^Hch (n th* rHiirn, T'nni liljny 5cr«>Haki or KamiliMirnf a:n> E i [» j=^ . ind mtr r 1 ha m l (arm I wri- . ' »* Hcni :!, 115H pun .-rrf t in Kiu™. JIT tbt Jbttl b u l l of n n i i n t o n t*r t <n an mxriulInnifi. HK tilirs; ai Ftmn IVKJI-' ia mi<k>i»L

<. iHirmi' ( « t«H> traia atiirF f ann««li|)ii l-tT,ait.tt«, i w K * (& - .k™ I PT s» Item * y«ir tlu ra of thn pmHj (wJKtknr ivreiivd «r I..JL I nr nf

tl.r k»Jtl ot apWJtllW jnilrurakJii. Lf Ihn EJIBIW. war i.n ihr hoils j,fwliifh >'n\jr TVturn |p fll^J di«i hH riirncida wiLh lli» anrjiaL accannEtn^prrinri nf Ilia aLarr TBirtMrillia, iMlud> in JnLr rnW h d t i bS f 11 d fl ( I ) f l l

p rr TBirtMril l , iMlud> in JnLr rnWIFI Ihc ndjtSnrt- »f 11B nd srsflll ( M ItwiTt) f « llur aâitnUlny |»-n. J i,r Bnerokip main; «-llh|ji Ult jmliKl f'pr Yfliith iiiii r rrl u-ni k filp.1.

* . l.lrrprt .p. I U . P P . c r r m i * b-W-. -El lH^ sa iuai 6 il,•4 rfh P d J i

* W . E l l H ^ sa iuai 6 il,Mr>Jt *n»T4 l Vpcll rfuch. a PodonJ mcniaa U< Hie [mil ill Hie sa in t liv th'--•WKOT <or|ioMliuii, if in LumtrJiip curt ihniitr Jin Fnim I n « ( l l j i hibe ULLrnst mu pnnK, Th« IdiT iif Z In-prm:. pifpl !•[ Lhw nnH l ihaula to aElnc*<e4 (0 th( vnitntn or Jl&Bll™ ia » l

liv th'lrj wit

t/y, LUvh intc?E, SrhBdil E A

i\cd H

uiJ drpmMitlnr thu:lrl Im inrlI]~ prvptrlr rt e n p mTrr r*

u Ihaujph Ikt n n l }uij bocn 3J I U J l l t

I i1; itr:rm 1F I I , in, nnri U , i«>KpKi.ivnl;'.tJ in Ikru crt *±nh rent, m ^ r t tho iiV*nrit.vod in tazJi. Clrnrnn ntpi'.vA *n tnHin

.. . . Ltfrik kH. ijl.l kk- r-îrU-l ^ Im-.rim- / i . r tlie ) U r IJI «hkbliinucwl c fr unl#iA t Iw- IT-torn -nrt-Klx ruviiiri( kixiriir rl.

9. K»T*lli*«-—EnlfP as \-\<m 3 llio frail jmfiunl rt-toi'vOd Of fcDtrtJ-

Lr iritluJliI Ih JlHi-'i y.X. t^-fr Utrtftih* 21 < n 0 ard L J 4, >

in Ercbndulc-C'orl enter the ™jt nnna-]ink of HA:n -:T t « ta l» I*kin ii-it»iDomnt in ciHiTinitinir nt!i income ILL item IC_ 4,<!i. 4ih lfrn#n ttt- * • » • -jti4* (HiHj lo Ikt Flltnt •«[ S2,i"Hlr> c ^ i fnuil J.1 Ki'lh- T7vr*r«-^r bf Hi*hlVMl PBIH1B1 i f rF.pl 141 lHHMJq N «K«1^* ->f < I * EOlll *tiW*\ Q | I1H|«|

Jt-Kiipiian phiKuL-d irwilu^n (he îMritinf f^cte: <.t| J ur DHJ cntkiLr. LMA.Li.MAnilclriirri|iLi.nriAf]iLKMHr.'i|riioiM,r^^

sr irv1i"hrtdn«4» flni*# *f itttuinR tflrpnpHiiui, ilcf t:|>L-«D cf Lhf patrticuUr

Lisatilf FLict djviil.-iJs. riCliL-r ncnliiiuliir di Lrlrniin. Mw\. ilR-iU,. «t*.|.ThO '"iSaviti'" fr-r LhO bk^pft'Ly is hLi tijl'jiicl h> EJic lamq- nJ* fpr TWHrt-

ir LI Cli nr A? f^9. if Hit VJUi rLy rub KHiuiced bef^K Hanli 1, f*11.If til*- ikrnpiMt Sftlil *IT •rju-tlliiitfiij wa-J iwtvrrvJ fllor lo Wurrh 1, UrS.itw hisiL rnr drln-m.iniiifl-flj*l34 l-n l lv ^nt wlhf- ^'T ifipriitn ¥iL(M- U * f

n i l tk r , U : m' ikhrniiniiiK LU^fi the taaa b c n L n ddjitdnl. 1?rr•-pr^nn 11:1,1 V r^'i'Hly viji. twii.ilrrf ^ fkr 1-la.n-h J. 19ISr Indii for•twill pnin «rni hisH IR 1/hv» r*sL-nf nL*h pFopriFtjf, nnr' t . *fl O^MP iPB fin>"•'iJ'rf by hUtriUi l t i . ThA- >*r«cfli>tna- I T I K ctkitHv - -ber*- pr0]Krty WJUJ.ûlT4d b/ (ifth ttÛ+rt, tUi-t^C tJCditHKt, invuluntdr? nnTi-ntjqp, or^H.'JI H I P Hikf Ktitfic: URII in mji'h t»b« ku i'dun i m um^kJ-n [tie buih Chmti'hall IK UHCL ScrttaD J-lJ t^J U^) prodiiLti 4* /o lW- . :


1937

1-iTATI^TICS OF INCOME 221

irqiiir.H i]EM...' ih, nlomn « iJer*iMif C, the onutiM tf ikertcialiAi, aihaiHtinn.

w i n >nH IMr, *»[(h<licT. anil dtplMim. »aj±t, Filtf l « n .Jluwwl Ihuibut I ra thin [!,• « ™ , t alL.iiLln [,. n ^ t r f r j i t pnifxftr d im daft,«r<niiiiu|i:ir,<.iidi^cKiiEkl.llli:i| I* «rt pn^Htf WU mjulMi before

•lit met Jh:,li bu ndwt j Ly O,;- 4i|>r<cJilieiL md dejUJSL n annuity im-Uinrd l*f»rr Him JBr*.

i-:,,W|,i»,n iuiitPHUinmu Unltifis mpciMitum I w adrbtktlWi iaipniTC-U ^ d ifii.'n.L* IDUE t4 rutai^ tho JPCVI^'V I T P™-

t •talw.1 4j7rb'MJT repair*, intanlL, *r t*x«f

rimvb oT • •»• n| p^HHlti * * « • ' ^ I * " tH'LJiD ^qulrn HMklLuS ^^H"*! * *- I n-EC-riUktr »n*l>4 I I I * i njBinrt ir i i l m 3* l-mi-lr* *HMUPhriiJI> l*nli«E *n" ^ J ' J " " r thin :» 4^1. l^f-n ^wflsr Jif dii* «f *#"• t i t i* d i ^ « l i ^ - "d™*

M «WiL djjirtlr «n iM,>Wi pH I d k*e***i • pnrtLor u j t tA*Mi.r* wt E.UW IFDIL or i l>

rtlj ^ . bl"«6«l3_ la

(Ek An I»P1MU| Mflllu BBT ihvlf kh 1 E^HiirW.kn I^.IWFWIV hujh 1^ Ihi ^PPUCM-

4*1 nr (a aivWI FTI< b* L r riii p a M? j.-;jln j.|r'LrlLL>'>£ L'l.tar

It.!.. t.»BC Art uf t>9lI i

5e«JKCtKM L« fee Jriak^r* itf TwfaA -MHfUfor wliirh hfi1.lV Illiilmiiuji iin MpH»l I M * H . ric.

Otic JHwkdrfti. i i n m l oJ thn fain rfrikihlnK la Ih* (jiftritllbidlstntioftirjKt in irqaLdiitlnn ij* O *«jT|Ptirttin-n nh*l| be lakcn ihbfi^

(nmpilt ing DN, | IKtmt, ttEWfll. HL t IW IUC Of Uimlnlx J| j4rilnit)«t

af •M|i|iil <kMMH ind, Irw.r frtfl1*. lus nn *Fpl>

1 tlii- furtrvnJihi) khi'iLtip1i iiaii]rt, urinir'jL upa^ l * ihrrt if iwwar j 1

jjt<iJ item 1!*. FapirniJ.

riUt clncH m*rfc «j"*iF"!«."t of SeSrsdofa" T ^beUter Lfe deduction

hln [frta UUTHBH r*". 9T Li) •!• •MJtiDn 1o B R U M fdr b u dnbH.1 ' t H I ^ T L I J cctîiB H I ft :«Ji k«j/riliQuid ftlL in urLifiini '

hriult PViJii Uan >taa[d bF ftwt of Schedila T vbeller

t t b d U b* vvjOJo

ml i, SctKiMihit mt cnvinr aBl L h £ j .

(I

hit mtBl L. (nhrruu!>r tot dfMn mn ( K t » t ot UDdiud.AbhJ P, ±tx^<IJeii of tht tRflii u

i j W k n jciur h

ft eui:i bratj t i£ji» 2™™J«1nir KtunB <!1 » SWnul bulld.blB thg bx** U n w n t lh«M

>*. >gd MltlKrt Win CUTiim * m t r r thiiETfill in ntaarjui 2, ar t, J.m3 B.

hbh. [hn imlurUrm For hid (

rt la Bauli r*ot Hi.im#d m m dKlnr-

k - ^ U i k ^ml. ijftlutt.liqr unleBaihHa *flmrtMinpil I

thtixcA it, iihjTnvl a i alnriBrf u i n " "

eajnjatf 4odic[jiin-i Urli«Diil • atatrmEKt inmrinfSim |4L| n>^4 4< deauiv.^VI k !kbt rriSTnatorntlTHi lo '

5»1U 4r.=ins f f tn u k .iMl«rnuuill IIBR M i l r purlleu . r r tv t^ I nnfl'd L{ hsi

A Jcffa-t pnnuuflv ^cr lkdU nuM IK Hti

21. Dtiirort.H[-j—TIM unoorit drtiietiblt <ai I

ill dcpm«i.blc ptvLUjriy iy«i III |1|L- trailr? 'il1 LUMIUn, Vimr m f w i , Ihcludinr i nuuaioible ail«hkl] IB |jrii|irr^ «naT£Kbl« » r bill y^r, [f (tr Pjiivfltrji Hi or fffKT ILtodi 1, Ui;t. thf naioikiil «• itTi'fi i-CJ.-i iniigiciIH* aetenitilicij updA tla1 DB Ia of ilie rirlKlni] cuA fnnL ipp^fmviit nwljtit Vttr. amp^ny. snu Oui ^niilu>bl# nLiatipr 0T Tv^ri. rOnnajnintfr of Ltn OK-[HCleit ilanuL lira. Jn eafia Tbo pMpflrly v i ^ punjhAHd prior id Mnrch I,lrl^j, thci amnint of dtutQciJlibii rTiLl bf diH>nrlni^l in it* UhV PiithPvr,icEpt Ih4t i l wiU ne comput J Qfi j ; ^ u|-!îlr.l cvsEr li'Ai dpprHintlcii mix

HlintHJ prinr (A MAAn J. l L-1, rar IEI f.ir mnT r V41ue .1 Hi tait dam.ipsil in onijrt Ln b# p

14f doprnciatitin L

r ^ fa?

K | nfc^r [H'lUS, vlife Hif Ehr pmf

irriatuhtn m i > i rtlura,It. Heat,—Enter u jLrm |i

EBrtiierdiip hiii rw t'lniELi. P»^ JiPJ- partner * — " " -

IJtar, T J ^ I , * ! . ,

Jnnf!|||,irj:V rnjiin™I'kJrl iTifftnsj Ific m|»( «[ (hi; inuKiti' tTV>f|i»r«™HtKnp&niliETiiren for n-HtDriiw if Itplaring prflpprtf arc

ITJ Inffrcî,—Enter aN \Vrf J7 intrtcaC DH hurrwnlhen. Ihfc r*t inelmlc intcnr* Jin »nii«l luwwmj m (i

i vidfllCMlh4Ba incun

nnl i i 1 l * l tK irturKKpcnditnefla for D E *

| H l

f «jlllilt**(I*J0«i1iibllt.t4acued nflTI E-tnitrlnttT- 21. I31.T. and nrliiultr luntfihup) Ihr jnirntt u p * - H i * 1> -SilJLj- c mJ 1 I e t t « n C *r*l| wftrcnrt In

t'Mrtl LIKidn, Luts. nnr cubic, ifihrribwn?, l » n ' , lurttfililin; andlift U H i , hor lasu i-nl*rn| IN in.llimii 1, Schrdub A. Un Wt tndailrIai»E iiF.|>ud <,n rliL. in lrml M t»e portncrrfiip l i Hull luddtir nf a j»t.ponLivn wHcb an paid bj llhf tvtHiniti«n «diJiDL4 Trin .hinud.ninit fnviriUrtjinntrriup, Dt n.,1 fnchiit lale ".hrfrtk u F n ihr, run

f ^MrcnaKhK » H ^ | M I l , Tji< cauiEal JIIIJta ch.r«td uJ nUbl>' ««r tbf uwful liir <i( itw nrapertf. D h i t i i n•iki or n-i-tliid nl appoFliuniripnt Li «rinnt«l nmit l» HalHttiJbb and iniatliiu« tltiu iward If °fftruinr »ndrti<ir,. diLrinc \ht tUMt'lS /ar i iHl shiiuUbi 4«RiteJ in Lhr M m , BUitki bumdi, ami ]kr artuif [ i« are nil nnb-j=rt Id itfHTiinlioii^tain ihr nviJ'JKX I'l Ilicli-r-

I I i irflHtlc*. ir claimed on .™unt at <Jf!)r**i4U4nr nil in. Sfctodnl, U.IH can aewalowâi il [odjjdHl*. UU4 BcûnULT ^flWrtA Jauncd w ibult upon wblch it u eompLteiL Land VAIWS DT nut iiaisl nnt be i ncludtrjin thn K-lYivJilp, and vranf Umi tml iuiljint i m i t [ilcrrruiud for i lurvjnJim I!IL- n>i[ (J i»> IVil^T* i.Aj~c [a rioprtflatujl) W H ke c lTb ftfUvilnl prncKirtv BEûnb and the ncciMnul.ttd dtprrt Ainttm HhKlllle Ibcald I * rmacilnl Wilh l)i.»t u«nin[j<«i ndeMDt» * f III* uarli*nriiip. (S™ tMtioiS £S (II arid 111-)

i l , D c f k ^ n a l • . ! •« , » l .ad r « - d k tlnbtr. d ^ - K J.diidnaion l>tllimtd on «(C»J«t «f lijkLk'n, cnn'um fnirn Hi* fi|l«-'t.)r Ulnih D (min-ntlii). frirni E {riolj F.urii F Imfirrlliiuviii as^nuuli). tarn O (nil• nl gu|..;-- Ttwn T ([irntjrt), i | | n jmd lie irilh m>r rctvm, 1 f t m -pata TDlmtien B»« *••« been ailed M-ilA nWlLioBlnire in jinrioui m m ,Lkc. Al« with V9ii? Triurji infuumatjini DMVHKB|-U PD brliB( Vuur dupkllunadnJulE up Ui dite. Klillie /orth In full hiaumml or tU tnimctl\taib9ut\*i&*m. 4ei\wAiw« *nsfc *# MSriMwjfl tt> va>nc TA TîyMrt rf f l t l in/rtjaftra laulKi frnr with ncplnrMiga of Iran clejil liun dsducLicn fnt tlw uu-Uit jtarfcH bm.i (klcniiiiml. [Sfcr mTlr-.ns i.\ (Ir.l ahd I1J.)

» . Olh-r dcdmtlt™.—HnWT ag i1?m ^1 nij- (ithrt •uUlDriEeil Jrdir-(Itna TIM- -Kirb nd sfmi't ii pretiikd i whep,, l]4i Uw jlrKi. J ^ I , rjf ( n Pla i ln. Do not indiirt lnums imjir-d in Innuartinni vbiili utn) nrilhcrnnnMeJ *\H, L*K' In ik or sisiarci r,,T ff.lnvd inn T I F DroflL )Jj d*-JiFlioa IE nltmulr lur 111? inniuil of nny iifni IV-part. EIIETISF ÎrmnlcH I clan of enmnt inujfut, tiller Ejun i i u n i l . ILrfin dlrwUl' aiuHwl-ntK 1* likb I'muNI irmiiir inull U- . 'Lialrf ilk-fem. an.l rUHiu rUTHUj-aUrTJiuL4l!a.> Ifi ahiy (k>4 af tan.blp irMvim* idi»ll be 4iFwrAtfd b «udi la i -u2Av Jncucnv. if fln i t in ifl JiKctlv- ^tribui^btc t^lii t> tualilr: UKDIDD

lirjht (If «ll UIE ricUiui.jrlFVIi.mEUiirFi in null iarodi.l l b. allDeuoti*cull. ApjionluikiiimLc mult is all (*wg ba M«**n*bb. A paclncrDtiiBprniidriE/ anj- *Hfjn|*L irk»me, 4tJurr Ihm •nkrtai- vf" ntldinjr Miy pma-tnf «r ETUEKJug Jll Llf id intr Ihn i r g i r Irnifi »hkh II «UlnuI ituQJ;ii.oiiLw-;STL«Frturn u a nan l l e ra r in llerdud atilpm.nit, la feUII,iluvlr^ 111 IH lmntiat <J u ( (laM n Bttm^ iricimt:, nni] |2 | Hit

u <l tMWJllUk

lf idintu a nanat <J u

f * l H to cut] I I E I I e l u <lneby af BATt nlHCtll. tei nK* nfaDvn arpunLcl r ) ,P.na^rV nr aieaitoia1 a lwtt tX iUuHi * M *r**loV— EnW Ult

and MldlnH*» HI Ihr psTlncn 9r niernBeni oa ][ae. tm.i, Ibi. Hit.1 . . J . . . . . . . . t j H r i a i B s s t l i i r tl i b in e«luain 1, SCnedu)!' A, ajid r^wrj h» lh»

hir'a m mrjmh'rV "lUK! rf Ihu t«t [ntciiiif sfcMalt A afanald .hew csmpKiw inr<rnut»a i

.dJttie Iriirj PHfKI ta all tbt per-

n «fw WtTfr mcinlKr? (ij (he IHlrtBemlup, IFIidk^fc. £n»p, *(«., dwfl":"'.'_ i t ' . I I I * " " * ' " 'J-Tf. ^ ilnt CwA Vi'MA •&* l*<j / U U « Irta, 1

I Ilia I n * !»-••», Ibr percantagi; ft timu d*"OIM U Ilie blatiiaI n * !»-•in fcn

KiiAr in 4xL'lnil £ Lba a n u r part nf abeli urtaHTiitwri dinLrnni™ !*a™ <i* tM |>siTn(!nbi p"i net inmaia wairtifon-

yiilB of «rjrwd JneHne. Such part e«nn«L AMnd A iQuovrihle alWrnancaiS liupcu vl im f j iririmial mj-vHcr atluj!| r im Jf f(J by ike |>timt£± orn\a&er LIL «jrjiMEion vldl ( p |Uijtji*nnip>( fauxliiBiu. In Ibt csu of •,p4rti»MhJri vhkh ii enfrêd In . |T*ilf +r DUr-inH. in nhic]i eapLttl i h

l i t i K ^ U i i f t 4 tb L d b i f h thor bpcnuoi.L lorrvfcep whl(B nne nateii.1 IIncumr. Lhf ramnl inrBnat of Ih* irartn

i b ll

2f>. 1>«m I T Irff, HterH, *lb—lli ltr « Ll«ni $B iDrnra-HUIUiried; durir.clilt lfckPr U IFitilrmd m * tndff ur L u n e n , nr nf pmataXy nirt; CÎVIlft'l"!with . tudr ai- hininou. if arlabn] by Arv, alunr, »fcij—n?.?*, <r otter

Atuen a irHMulE fflliinf furtji i denrrintimi or t>f fritrrn.y. J»1»Aiquincd, aMl, ^Jb^^qwnt imimTiMmitntB. •^[irv<'|aijw IIILHMBIQ rHiwoarnurpitiim. injuniuu. t^lk-jjr*. *a3ar. and dddu^tlM* 1*H.

I I . *mi irHi..-Rod drklt mitt DO mated in either ot (wo r'U*—Ft) B y . nWuiinn f r a « s n in nfnrrrl. ol debtn I

tmrul tu En *|yj|t cr in pjrl; 4 r

{Ik Ih a drdmllgh (rwri InrvriLe at a. regional esd;ifur 1*J S . i t t

Itaxparvrs w n ri-Hn an fjtmn far l!l!!l Lu nehsrt cflhin u uid the IÊIIIKT ^Md in Inc nnujn fiir tin* y**r 3 3£l — —I r t i r n fur .11 sulaniiiont | U i « tl»l-H prh-miniffn •• gnatia] bj' t»» Com-miAJIIIII' r LI> cnaiHj* to Ehi 44hir nit.lH4. Applieatrta t-ar pcrnaHBtaa In

CIDH cf the tltat&b' fvar fin- vhirn it kV dcKinrJ <£i rTnrE LW rli^njlriA virtiienbrp flUn^ ftn iniL rqtuiltvi iNo~^ rnny rctott «il*™ <•' Hill

twih rwbnlr. rnjnliHiid »aav* «ub*tet ta appinmaL ap the 47«rnnii•ITOT <WiaiTiatii«L tl Hit TrijurO- I I th« nuyttyj sckHlol ir, J^nr•null be follnwJ in rrluirg f«r nauqiant pmn. rrcnal. » f 'any br (rarjlnl b/ Lrta C^BiViJr lencr lo CIIHICE tn Iht other jnBtl

LJ ba

factor U4 jpanncr w Pcnitrtk1 !n!Tid>n pcnuoi.L lcaminir uf Uir jiaTlnerbhrpit Incumr. L l i1 111114 frurn Inn pWtMHIUp iA n rrDBHnabH: ftllairftfitt U AHil|j«iDa£Lfihl':r U» pueunil s trata actuijlv jmduKil 111' lim. baL ant in r ic rn of jDptisnll of Xu ahara ol (1» a*L r">1l* uff t* JflHll("li Ip (ranpuusd VILh.™1 ^rdvdJon far *v j i l l f j U l i I t ailiiîr?)Ulai in In partners

( t i n i K d 'A A. II,ch purl i

i P I I " p i « i Sa trk>iLled monu-lfiird nr! tha

i t l p ^ i l l i , after dWUclim "f m-calUil vil iriM Ig HtEgltrL A dtvgtmimnt or hit lime Hi tin tasrMU. and n rmid a r*Hrj of IHUmi K * -•.*mi hsU « hii time t * tl» tv i lmn and [• laid ' " l j r f iif J5,1)0" <i( c i t e agrn t f hui lime tn tin liltdia"ii anil miTtr* nil lalan-. Tin, artPRAL4 IA the nartr«nlU|h lor Lhc EiKafalA }-?ir, (nitirniird vilikLn dejne-tltii far b^âtled. r*l»rl« to msnibcn^ arc 434,ilU(l. TCe< a n c d incumai f thg -nflrtftcrft Irom the farUlcrnkip i . u ffitVnw; AlUlimtTh A h^Mi eJ1 fela,rjr cf 4LV.UD0 and El m aalniy ' f tt,fKKi. l inn !ln njrt.nratlfi la an-BAinJ in a busncH In vli kll r.plta] la« natcrtal LBVnHrjwodudnr hctol,

mTber ahara 111 UK net proliw. A'. nhuTe nf the; nrt rmirlia 11 JI31H11[fltfjHHI (BBl#ryl hRrQw ( 4 of nr-t nrnniiin iftfT drdi^lLii of trail" i i f r w j l . T - ™ i y : • - • -

f4Tn4d inc«DC I H Mp a r l n m n m E!n<E Mprjlramhtj, h je lno i .

r 4 J g I . m , U Wlidi wl A ln 111* HftrKnihaa i. limir^d. cilice ii\ riuir nf (llft I«1>»J t EJ,*J*f. SI) parcenL tli"""^, « SI.UO. ia E'l

U l l i r d k fh 1« l I « 1 t EJ,*J*f. SI) pH M Un uarliwnliip. r rE M ranjens Ho pvrrnnal

c ^ fhAi 11RcimnijrUoB mtb In?

l ^r ta^4^3j? i n l H t u tta»rYrJ nn l a i Y t * »^n4nl boaôn will u-|:|fk »H irninihip eirtlliMbj oa Fnn» 1HMJ v«s KUsT, ll i n i w I . I of t purcrnl paid at Ilie SOtlTtr. i" » « * pntcrrjt IJUd |s HI* |ann«i ir Wulirn ia niluii ttv iDnmUd |s HI* |ann

It iBnime and pwilm l»i™ paid t» • tmi^t, mgritrgr flf 1 m ifttWW 3TMM fln Qnbr«d in dAimna ?. aiiljnrrl Tnim 1114rd-u* frith a rtectpt for crcb nuch la« rttrli^ltL In can* thtnbn«i in. eeliirnn 7 inrlndpc hreiun wra a id albchto lire form a nr l jn i l n » »f tbg rtUin an irlidi >k* Ukei nrra l u w lTlH Cni'lHini«n« rnay rhiuins the mrtnera ar memnr rj la f\ -m a. bon| 5Tb I t 17 f A ent uf an}- A^dklAnft; (ax Tir ad duf If 11+ Itroia

l fL

t « 4maBntnaidL albch

l l

r EArr payment uf ara TriKiL llu


1937


1937UNITED STATES

CORPORATION INCOME AND EXCEStfROFUS TAX RETUfiN 1937(FORM JIM)

For Calendar Year 1937 or Fl*«al Year J*, 19M

«—• ""'fr~:"

Tmlne nl rapllold mi udrrlunl ir>r<iitr MfiUl nwk I n HUH faf thejwtultd fate

ra?1crpii jairnpllil-tTCt In* MeD|r>r4r<»»r™»n$*4îl u fecal r u La 11GTHidCndCdon•!iTt

»l <•[ item I -

1. Bi£*4«t *i*jfct 14t C ptrtmt <* r*w*nl iJ Htm «, mrt out • « ttun ilt

l t p n t n l frhm 1 maua hem G) - . - -

NORMAL TAJi COMPUTATION-

t llnrn{1 I 1

'

AC (jteni 9 m i a u itefii 10 D I ]1».._,J....J...._ L....j

i ^^9 FQ portion of JCeoi 13 BDS ta few^l£ +( p|nfm f l B B ^ I H 1

. Tax an porLkCDofdtrcB IS In C I K B of IffjOOOftad n«yt ia c m a of JISsKll.- -

. T U n pertpm ol i t m JB Sn f i rcr t t * U i . t m U K ] DJC Ib R H i l l l HOyOW

llo be UBHt la llea ot lac B O ™ * ! **X nftm *awst

B u l l and iruM umjunta [ « Iutruetim 111 — - -

ConwatlDU untied la UK I™On ef icrUa* Jll u( tbr l i m i u i Ast iJ tiii,

!4 IB iHdp 0V fcLMflMU vilfaiB UM tlnii^d 3tBtCB OT IIBTIBI

) r

UHDISTOIBUTEJ> PH5fTTS EVRTAX CWPUTATWHCS-I

I 0n™31, St«al«]= A]

too, [nc lutructks NJ (t>J»J («>)

n i f LEU

hrranlnH. r«*rtrtljiM,4Jrtj™l f«;ratii1J ( n Icati. I l l ]

ribuAed 9ft iBânf ^LtHi M mlfliu Hcnj £7 afid9ti) _

n of* iC Efl 2^ lazabk: BL T?i ^^04 nr 10 S of £LBD 24J wrlikbc-rtr 3i amiifr LbutiK^

a til iLcm » I m U t u JZTE-: IQ^ ^ licm SI (but oul JDIKT thin l i ™ SJ nji.ua

c u 17 iH(bili

I'K (til [

B LbD ± 4 B I

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l Ut will fiirtux (turn Msluttotm ti.ntntm l i 3». 30.3L or I f

IltCB 8 SlWW)

nuvtml •• DUPUCATE COPT " • 1 Vm Al«d \rttb I M i


1937

STATISTICS OF TXCOMli 2335ch«Iul>A—HET INCOME COMPUTATION

IlWfcnil CW44* INCOME

1. 4ne» adoc h t m In-Kntlflm on 1 M relunu Knit

2. TJm««t i * fluî. »ukl (from EthcdjUa U-IJ _ . _ ,

3* Cum profit finm wh* liu'ri L minus luiu 5) r

i TMiniil^^WUl-Hjnl A m SiLedillf V » 1

S, G n n pwHl » * W l™'i i l ir in u i nol in tin niiBMMisfiijnlag Iwtar (lt*m i RlLBiu 6h

7, l aumion h im, no«»>IIlflrtMBirboiuls. tmjl(4ftl»»|lj. *L<= _ . .

SL lB«™t-,*i sUisHiDiu-if tfcg United Slilai <fn.a> 8.:h*4uki P, lice I t (g> Hi]

9. P>ii.t*

IS rjtiujj- IIXSBU (riilfl iu.liii* of iE.ff.nit)

DEXLKJTiaNf

15- O*fnKfi*Ui<i Hfnftren f frn™ Stttodufc U}..

HV SkJariH anil wag i (imt dvducbed cipewlwpg

i i n=.i .tv.n fir,,™ lrt,_r,.l,. FT) „ .

11. T u n Jio» SctniijCt It. i fe hul Imluii T t i j U .-I,-,™^|T..,EI.I U l j

I t C™triMal'0ut ur f i l l , (fratu StnorluH Jp _ , ^ . . . _

XI. L™*» hj trt, .(JOT,, r rfc IB'jh.mli uh«<i|l^, i™ Inîuc"on ^M-

14 n^wtvlpilm Itmm. OthKliiln Kl

15 TJ«|ile(iuEi " ' mlEm, dt in-H Rj,> -nili, limber, ah:. {lixbBUt Kludulc. a« liurtiL..b[..,,i f . i

SS. Otlitrd>«J>icl-ri!na«<i!J:liriiorl bj I>1> (Tnin grbwluli L)._. ^ r . r ! !

IS. ]*i« Ir=tMii« (»T *in>|bIIK<fiU Ui empuUtlan (lt»Bi 11 mlnu iHm iTl

TO Lea: F M t n l i u n - ^ h h i (m ImlniK<« M)., ,. j I i .. .» . Inlirat an clkHt*Un=v llw United Stiici 4I(«n «, itXi tf I J

t

1

S*h*duUI3 —TtECtWCtLlATTON OF MET IWCAfttE *f>

1. TnrtaL i|id^ l-uti'.-ri* Lo •toeh'hbliiam tliArjri tn

G. RucciJ iropromnHr. Unf* fettling to In trvuwr. 1

S, Jvu»b£e tinikiuiLini -p*lf1 ™ tbA tj^ nt w

i i . AiUUduii 14 nrphif HHCVet 111* U b J«a-.t

W-.~ -

{() ,.IX «thtr UHEnabLe dediiDtim:

ft(W

td

(u j

£""

lkT4UltfL.«lbi; , J - .

ID iM* V r t U OF CARNED 3UHFOJS ANTF U»JP1U|HEI> PROFITS

! I7J KBnAd iiirpltu AJI^ i^jnjl*i**ii imifiEn •>

+lr«ifVii It/ b&LaaM jbr^c «f J^**rf prt«d-

!>i»lrirt rf Cnhimbla, at Uri!.-.!

of. Of befors Kpfemli" ! p I f IT,

Tmiury HtitM, Ttemixur Bull.

•SH^ 1YtfMji:Tj C^^^^Vn uf In-

1J> t-nLtOd BtitM Sevuigj Borujl JTiJ

Trf4Uul"Bf Boodl -tanned in the ri n-

cipil HBKJUB* of tmrSSjOQO

C4) ODiiprt^M el .rJfrmao.. tali lien nf

(5)

rruoi iraimi in [ b mL.irH 0 LgfHIce)r

(If „,._,_.

(jj31, AdJunUMiti Fm t u pivyovU »« ntccrfltd 4n

Hi)...

fa

•a. T«b.1 oninw l / l u M s

m « h , . AclHidulrB-1. B-t etc.. n l n ai to tibldi an mrt 4cductlUa lor IU«4RIB


1937


C—JUTU.TH1 OF

l.nlili iar rrnai*ililiJ)fa) .

4. Oid-I, ^

Mlfl. Total

F tiltJ.P-1—COST OF GOOPB, SOU lEa lubuUla i t ) —COST OF OH-HATlDMi

* HaVaW *P 1tnuiriil!

Knight f*t n u l u .1. Sdtrin anil <ran>1. OtbtruatiltaktileUkd):

Uxhlt l—CAJTTAL CA[I»S JUW LO9SU ( l i M i H a • Eiii i inpiaiJrl CS» hulnidia B)

tiPBBtoO

Total Oata ( i t L u ) fcotw H (t«m II, t t l x d v l g A- but If

uiF n m d dhnriO}- or buBmri4p w n tiian-H litiwaL la

aril*ffcaMMM aiil'IIJlI :|1TJ*—'." " ' V\ ~*-—I ' 1———.-»-—• J1— ~ r *• •- -•- — ~r Hi iiLilnl iflt BHUIUHT bj JB. Jf H,(t*t>BHH*llDllWllInH tf E

••hjJiili C^-COHFCfBU-rKW OF DFFICOta <•« faHiiiWInll U)

tDkri GwtaMaifau of Offlm* twtcr M ton U,MM.—8«ttiai» <î [W TH.n>T.iCATH m i maai w md mm ma


1937

STATISTICS OP I 235

Tatel fyafrm ima 31,

T-atlll te.Hr M tWfl n . fltfttdLit A. J>h|Wt 1» t H W I I bffcllHtcni ft ItotrmJiu tflj

—

—

:

'—-'- - -

tfMl <•=•• fa Item H. 34

" -,-i

.. _ ^ _.

- - ^

. . . .

__ 11 „ - .

—

- _ _ . _ .

f

. ..

—

—_.

-mm** j

. _

" ZZr.\.

- -

-

•dttddb M,—BrtmrnUUlOKS TO ffTOCKHOLEmS AMI> DIVUKHDS PJUO CRSDTT (S**l

CHH nut™ 1,4. u d S _

s imfaa X V lotah

Cuuxia itMk, (Bt*»a*« a i»d ! ) , „ . „ . „ . „ . . „ ,niturrl.

, DlTiJmipiM ir«dtt (Mil at Us. 11- ud lt>. (EaWl u Hun *7. pi«( tl... Adl™lrf™*Jonnii. Ohc H . n n l > ,

r A n U ulnulbiiU) ,

i pidta 0* ika 1. ToUL dbLrfhllliaaEmlof nrnLm t (uiul ti molmaiBm I .rut

, TiWl JlitTiHillciu HUTU.,! th* U I A I I Tfu imnnBm d mirai. .-„,

TTSff Of o u t Btf a f i l ^ l «* pnri

,ltu 1,1

l A H TIIMII^ » ,

ri » Ika uwnnh munri n 11ns M, IT, «m J

I. Erntr It* kmn »rtU m> M T P I H uHisti HMMTUIM* *• rf Umul flihftuttn: M TU >dlialc4 t~l> !• ItilfcUisHpnnded fa aeeUiia HI nt t>B Benfnia Art £ HB4. •• >iu«ledj u Wi Ibi (UT mrt i l n l n .

3. Eour llit I d W j it™ i n to [trait* n»Mjfit»jkWimaiod u cV lha thru ct JlrttOmUon: {•) Fua n i x ; tr (It Mr mitgt nls*.I prftmdiWkfrrttiH-i^BiKpiJd b-ftnnj^riintock .hUl l i prfurrjlii — -' - - -

i t tuirrirl" nrilirnriHlnr iTiujSlFii" fm ¥tilnli IJIIHTTIIH ffhl.n il *


1937


H.—BIUJUKX SKXT* tf— U n i l m 10

<•) TeM ri Inn J u d I

4M h « nulHUlL.(*) w«pt bi p n w t . .fd FlnUhcdcmb

or Oanad MaHHVOtMafenn-.

u c j l h * United fttitei..

4, dUxr lanclm«ti:O> -Mocks •( *>merti<: cDtparitlsiia.(W FhKrff ef4vmtfUf wipc^tlfin{t> ALWb 1x1 bgrnkdf fcttlfta OvitttaElftW> "TiuBury *tn&t# AH OUiitlliK*tai*al*HW ldU. - -~

7. Dshmd ihan«c

<4 BidMlnijL „ -(W Mubbinr and mulpnniiW ynmttnrt uxl BitninfA ^dlitry bqu nncntM Olbn dspmclaU^ bnU.

(*) LA^ n«erv» I v dcpacclBtLgu— ,-IU IVptiUBt u n hVt Lot Kur/t (or ikNcukit-..-—..{fl TJJIII .. .

LIABILITIES ANO CAPITAL

11, A « O I H U [HTtWf... _IS, D«ub. Botu; and o»rtcuu ptnhk {nith

4C4BV£|HI mamrttp -ot 1E^ tMt 1 feu] . r r - ,

mdglnal mjitorHy ct 1 ysarar nun) .U. AseruDd

( 4 Tirberat

(*1 ?i*f*m«i «o f t _(H C m p ™ Hsdi ,

If. tild-ln or MpfUl nipgut _ .Iff. &rn4d. purpJu»and andivrdcd rrrjALi34. T*Uil LUBlHdu »cd Ctmtal

Silwluh O-—CWANCE3 IN CC-RPORATWW'S OffiJQATIOWS AND CAPITAL 3TOCK (9» I ~

t. Tot»l w k iwdcu during ttubto jn™f Iktm d t <iC ecrpmtJ«i>^ o n

ft Tetad aali Bp»<£llim« iurtu u a t l * yui fer miehaH er rtumauat «ft. _

*

t r a t "

I....

»tar Uidi p w i « i Aould ba ccuuUtml u rtoci irtjfcb la fttttrtA u t! »Ilbw4HilJrad»«r»»f^ tmpMtLv*


1937


Oust •»• fclotl t»in(lloiljtlMl**l*lTTlii-IU;lLll,!,mi-tF»nl*t.

S- fli»to or nmn-tij

(. Tfcb mcvwMn'iLnoawd H

~ U « Hi rf U* E^nUi*= Art J IBJ, HUAmdcd bj iA«l «< IBTf -— i r « , u tddlHnad nta11WB BUPl m BKd.

to, smmirn trsma Us edliabw <J toUnal i r n n a In | w 4UUUttîu « 1 . UMMthnu Sawn*. « J t t IUI b. ttlrf la. anscB V.. m l

e«r>td tt kar f tbi

Lrwt or14m duitaj ll» tanbH JT*T SO Idmut M- j>m nt pwf iMim jtcd.•lUcli K iiFih KbtSidit rfxvbg n"lh tkpnt to <«^: (1J u a t kidfciln—, C3> poncE^t flf rt4a HTHJ, CD if* f*4Ck wu gniifad,url Hi fha «Jt«l™i o*™ b nbldi tt . b w a tmi pun. <* pgn™*i:«™n™. UH1"1*J*J |amv*blpv HIL f kmiaUm fw till kitt b 4 < * . m m lied.

fll«J I

t. WMminmliiirnn t' -'-—' I I H I H —utr prior )«r dm Dijybj M. H«7l m™^ T i

DBOO mui duun n s mr (act VJJUM blOtMtd «C

UIDI,bid bi Boaputlnf s*( b

11. Hah whgtbcr Ibe iBnatsrin *1 Ita

Did Hlie DarpuMtimi n - t i • mhin al L.lajjuckm ai Tsmj | « * Hid

; ^ . p P i f r> uid tatumv C« n u u i l t n u u r v , u cbiaf e*S.en) of thewrpentfca bv which tbi* tttiou ia madu, tMiun wv«nl]y duly nrnm, gull Fu Itimutf dmpoMt Mul **n tbst thii n t v mfuicluding »ny TjaMHpmybB KfaaiiiilB » d >ta1*DHDU) h** b*«n muniiusd fcjr him and in, io the ha t *r I n kuHriodg* «nd briWf, «uu.*, «OhrWt, ksd cgmâlA n lun F nuuh in good IniUi, Icr [lit tunblit jtu *UKuJ, pitHiunl. Io ib4 R«*Wufr i«b ol 1W*, »« d U» Bimiiin Acti cl 1?3« «nd 19ST, ind h i b J

nrOm t« tsfort to* tli»

,1B..

i prepamd t^ » w ptnan OTl i » tollinrliif *ffi

A F F t O A V E T CSH h h i d i . H

mint- be txAuitod)

< } p 1 r t i « p < c » i i n E u n e d h « n n n u i d Uul liiemliini ^ ^ f fWbfdnln ud, ititMiiiotsH" » mm, UOrrtKt ud mmfl.t* •Uleanal d all ib* JnfoimntiiM raporting IIH LIUMHII* t»i AadjirJirofiu |«i iibilibr of llu p*ncia fw whom tbif utani bu bum pr*p«*i «f wbict ]/w» hi*e nnj b»w)wlg«.

n g n to Iwfor* IH (bis

- d«j tt.. .* „ . 1

>fa^»^bA:if4»

£10803—40 30


1937

238 STATISTICS OF ISSTCOM1E

1937INSTRUCTIONS FOR FORM IUO " " *

UNITED STATES CORPORATION INCOME AND EXCESS. 1 9 3 7PROFITS TAX RETURN

f ^ m u i <n • ila 111i an *A d IBt. a a—dad h» ta I

Trnnrma r-B tm\ U hilrfii Ht mud flrnml hnlnnirm fl tn P hrturt rmnmlni tt mrta^fha EfHriGi: Imtruxttoiii Cntuaband txancqaonri with Ike i tw Bunalm* f» 3fh*der) led iSa GemetUllsa lu l l ustiaa in anwMim with fiUac J> Uu ilcai U wUcfc t

t* mi In tbir n<«n* tn4^4l A UhL±U

TABLE OF CONTENTS

J.CIM»»JlT»H>W<limmquJnHtW»t

C. laifi gf num.D. Whan a j j Then n u n u v t In AM.B. DmtUWI MdmF. Bb||HI*r4f and »»Hlkatta*iC. Win and 1» wham tax Bmat1 inivmuWfcia 4t it* lauc

SPECIFIC INSTRUCTIONS

DEDUCTIONS

a . CttiirtbsUotii of Hita.S3. I j m by Cj m, sunn, #tt£J. DarrtelEittiii.i.f. JHj.UIH.ri «l milMt, til Ertd El l i d ) , SnuHn l i eSk Cnhcr dediutiera •nUwnnTbr 4 " -£9. Federal 4Kt*ia-pjoflu me.

if: BSSffiK.'ft.TAI COMPUTATION I»STRUCTIONS

J[l- turn* tn 'in* H nWud[V, -Crcdr. for UAM.

A. CORPORATIONS WDICB IJL'ET MAJtB BETTJRK OK FORM 1119£v»rvdenuiitle and*u«i7 nalfon* foMlEncwpemlltHt 4oclwr Irian JI lira

l iq^rt^t rvnLpvai/3 not mfaAnlb tmmiihxl Dyabeimn 1C1, ^hathar nrnoc Jiavin( *BV nit ummne, Tae i t m "<ufTtTULnn- j i j t f i i f l l t j ' th* jlcLl l l d b i ; } ^ i l i d i i

W»Kpt*U « * Mtms fee —AIbc dun- i.J Lhc Ant ><*r in m oStock C4n. Jh (4TflHh4J Ttlu m fcrm m bp nia^B an Tnrm 11»>. «

m m ;g nvuft by »ii »H1ILH*J

DurtrBdiun K.JAi

( la UMcapMa

! rf "rhirh. i-

Bdiun K.Jti>it», M M In d l w h t w . t r a t m la bankruptcy, MHtimtJSOTJ.

HMIW ur M.»th nrpnr«LHiH» If • ref«-mv has l-a[t ciul«û 4j andri i U f h J I t d

« H » If • ref«mv has la[t ciul«^preparl? nf • curjmrpla-n, ha IJIIJI tr

i t lUH *T ( t t w l y *t]HU I i tflU 1-oc nticb |LE cmojmlion wu tr H IM I ttbdli (Jl & JliKrip!i«n unif Iht Tilbv t» * number: (-1) tka l a x i n dtl«n DUnr Uiui •hprt-baE0tn» ipd CKmaHhil ton; <V> 1 In k dmlniduil or mr•uh of thin tor 1ht

A PERIOD t f l UE COVERED BT

1WI ft ftMtl

7t b l h

I tud (ii Uir tut i

rlad

wiLli eUur

vAlt flgftMFarm 113$

tiblnhrf muni iB urlad man I* uCiDnd In Air all }»•!»Ji=itiip" it m^l^rffhun Ike C&mrnuiwiigr If man* • asiHt*.M f ht th tl | fird b k

itiip" it m^l^rffhunn, fjr a rhtnp: in th«d f W t t

weired or cnttxi-d cL pird. Ifwuir b***b A l . TTiaha n>ar T

[IJVr l- IH

-k dcductimta tvt u

«W U» itv t»l|«»r trkir u itifr expJhiiMi of iu

C HAS!3 OF HHTfttfi r yvtit bockl of i m n i * m l u w t « (** |£tni i l It-Mil. M-pdi

•Tinned, tttn titrtjeh It L u b«t & F h *r/f*#llr rv ' '

W VirpE v * t M m r u d tacit, vw II jva fcrpL

inch u fcu.t Intrn-it eMdil*i| fc> yr r- ^Tn^nt t w i

raitum-l. and rvport t-Kjrfn*** aeitapklj pg»d

dndiKtbini ntiad.1 be •. I lowed in mpect at «xp*di**VTi.nIi-n<L uiuWf'«Klkrji3S|at orlnttrHt UEFDOII *ni4ir wctlen E3l>(—

111 l i PM p ^ ^ ™ i lht^MWjJE I » * P w "witt*i t n ind 4nc-luLt

d6 BT?. hf ntxm rf -h- D ilkM) of *H™,r,hi* oi1 Uia pmun Wirkwui trw parymmt Ii to TM mad& [JK unhint tlHTur (>> pe.. M^ I 'Mm » , khtlud i4l* Ln \ha e r«a irvtwnfl * f * * !> f r r n n for Uw bHiL4t

] * • ! - . • which e l with vkJeh d i * |dh*bfc ymi rf Ib* t iuFnytr «htU;

J 3) lfh ftt the ritite nJ ihc IKX IAU ftmi at t"hi l u r n n r H i t ^ y(arne wilMn two and M M l i i l f mt*iir>i Ehvnnflv. h*th tt

1* UKpttrW

t>- VHEH Ah~t> WBERB HETUXN M V 9 T I I R L E O

fti or brtarv Eh» ISthriiy sf thfrthJri KotvUi fallvr-inc itfl cLav^f llm**N*W#Jf*|tT w>?H.«* crrUccttLE £«F trH rJi*LnrL in wUch <>>. UF.jkiih>n

bi

*jut4.2 ft JVrd,fn cwpîhkjji * r ^ 1 R * l jr. hufH^BtîTjJn Ui^ri l l tel Ht»t*i

fllcd <n DT-kc£» t>* iClt * i rf th> J l i * m « « h WlrnrinR AB Z ^ i JfU H t u d i b i r * a F ^ W1? tm| ' * ntW4llJiL44 lm«n* 14A R h m l i fiL*d t>- «a

n t t t u t f i h * cqmninriT*«iit eorpwKHn jnd i i # iNJlâdlSi^-KiramtEcq

•nvKt h fllrd -until Ittfl collector friih vtmna AM n^rtJimîri UKADM ' " •

E vni FTUII bi k cmphitp Jupllm* uJ itw nEum tri«4Ba TliU if. J>BeJ Twlmenbd br gmrn 1* nor **KHjni ptu^cd by * r v v r rf ^PHrLul' C-l nor. in

IK* r4A4 irf M> infLLT«>w:r qnFF-p«m)f• bf • ocpy GJ that jtnnuil hiiEDnbwL mhii*ta Ui* iF-i^nrK* rjjifwrl m«rrt vt th# Stai*. T*rnt«ry. *r L ln i in rf CAlusn-bu_ Fnt f ilLkTf V? liU t^t -dupliHlt Xtliik'ti «JI tirac Inen riU ba - — — • — |

•riJl be pi t-trlp u-jHin rnticE »nrl rifcimj-pd hv rhi-[»IW

The KLUTH sha.IL he- awiani LA by tfut ^ryiifl^ht, -ri q Efm^cnl. OT othwi

|s4rt4rtt yh*r ttun. D F ^ I H ar *mflffyt« el 1h4 nrptnLi-n, N d p e n aor p*nmi Jiunt cmitut DM jUMM-'i! m\ IJIE foot * f paf* 4.

S. WHCK J I V P TO W H 3 « TAX. MUST BE PAID

Thn Lu Jim** LH- p t 4 Ul full wheA Lbo I-TLIB-R i i lUcdt or In four -mutllu^lfa-rwîLi, ^ji rnllin-B. On w bt?r?R tht- 1'rh [£•/ of [ha [hJpd B-unthjr4t> nf fe^rcre tb« l i t k i^r of (h i u?cUi infnLh: - ^ i i h f v n the ]l*Ui [ W

nf Ik* rdniiL niDCitk. J D J on w b«f«j£ Cbe It-th d*y oi tfa« frftLfLh twÛi

foll-BrWJKf Efa rl-P *? llf Lh« tBKflblf1 JfTfeF.IE iny IllnUllnrnC b not uJd CJI th* ii*L» A n d J"*r h« F V P M L , th*

vholc amoLint Dd< thi l u yBp*>4 *n*J. b* t « a 11*01 uaLin-ud demand fcF

1>*r l*> p»i-r bv jH-id bjr j w d i n r cr (H-JnEiinf V IL I I th i rte-uiti ± *fc*rX nri tn-^ j fcrJn-drw-n to ll-.n «r4tr ai! "Oillix*<-r rf JrrttTMil E4v*njLjer Daml. *tiid CHh) fcy ID*IE, nof j u f I t an pwinn -aturpi J » EIM call^m>fr> rjiV^,

«F the Aiinrum of Lhe U.L, unleu juch fkilaef jf diw H' •"•**.• h*lik r u w ,And. In AcMiUan. wrwjti ^ I t u H i* willTu., * nn« p-f nqt rii.^p t h u VJo.iHUV

mOhA lh|kh (ll>,JXH> t>r |ipji

tanLhcr vitLn ibe- casts of

*?t (hr 4fjr.r:i.i».-j; Hf nh" 1 rj J I T ^ M X ™ " PV T^ntfa-™! dLJHX*^ *C |-ultrn*dh^KuliCicnii Til ill Q uft inLc-nL ta •^•CTILLJJ. cr tQ pcrtCfll u-I U H •DUUDL af Lhtf

I. l F .wÂ•n^^N A T T K E SOURCE

Every »rpm*Lir>n l i J I ttuhr » r*turn et r V J r j JIW aKd 1H3 -vlLh

t^h v i larSin-fcB -gr vlhir cvmp«iialLoe far HmnfeT Bfrvit**, i<.ial:Pkffcl.lfljl^ or BUITt iTl O^ ( I W «f » Ci^^H «r r r * l i r t t >tVL> IB JIQt .lUTJJCLt Hf

UihAUhUPim ALilfil i» ¥nVhA.|>, ^f (EX-W IT Im-IT Sn Ejif <U« 1.J A • • ! -

other I M J « UitfirmLnfthln Inc»m4 totoJInff i l . K * Ci itirc to & f d ^ c L i ^

'ra^SMSa^nrfroeîl! "liIju'i n lSdVdl S^dl" .-! , P R K ^ I ^tn tliK* or noev ituTinii Lhi cole-nLk-r >t ir 1 31 4« -wtd. khAhhcJilf-r vrba\i *n liKHvidufel UiUhb ur R*td«nb t f tht Unittd Kmtî]. * n , ^

JUM ufKni i-tqM*ti Surh n-Ldrnk rl inKnnalinn ancrinir Lhtf <>|nnrlir??HT ::i:iT nuiL Lv i^r-irdrd to Ih- Cotrwniuwncj nJ1 Intui-hfil E-vfitur.SarLltifl StwiDn, Wuh IngiiiB, IK C-, l-n i i » t -^ W hrtvhvJ ml- b h r thanr * tnurv If- a- HL

J, Pt^LH^S OF t**TAE.V CJHPWtATIOHSE v o n l ^ **r^T*\.i+* -Hkbi* t kv H^wppiMni 4 r the Initrd » I I M H|«-

<r 4mCrm, t i j p n l »T lae U L ^ «fm nnt m n i t i a E yea™, aj- btii ,

lfn.*r fnud.—FiT- ptrrtnt of thj uitunt

l

4f IhA fHBd lEtfAHC fqf lhA 3- yrm r |vnft ImiwnFipIr^ prKedinBr Lht41«<- <.f |ht i*±fU> mt r (m «r t , p I r i ihcml • • mij- bi arplJeasU f w uJarivrf lnsi HHncB wILniB a p«i[!ailm »I thf tnnr f S I I U E ; End. I l llit r^'^r.L i r jHi,A cl 5tw J - . . . i ~ i ~ F"r hjrh, , T n n | CT I>Mli rictthemr ~aa drrivedl turn :fn- n<liw tmdufl or • t u i ot bj.lkû rfiLhn• n«»i[iim o! the United Stili i-

Taneiini £Of aara-Maaa.—Ibiii4je.it fflWip* »rbtr«l-i«U levrîen cqrpoea-Ikins whKk al or./ l i rv williin Ilip uiEnlr jrar trr ipt»E^ ir, 1r.,i. i rtHanim idthlr tho Ur ItJ S i i ln I T I I I T I in olfot nr placa »f AyEJneasU.(.r!,r,>4iMI m»ut num|4nl^Fin I IB? (f ininnr-r wtzi'vti fram « u mvhbin the Uiiled Sutn. N^nmiriint FnrriLi funurulum i.rnr>iBtebriMMtlcms rwt HI ITSMJ jn irmdr « DUSII^-H :thHn ihp Un:|c4 ^ titan• nd TK* t*v(oi[ tn anvr " pines !•! t iulnti , H-jtrrih M mnr l"rj ^lit.nthe t a h l r) thtl] «M tf*»E Ktuma «n F.nn USD KLoinljra


1937


law 4f rptikxi t l * l

b * >*t *44n ttttlj

M F.rM UWblnalaaltutFeipl 11».Mi4«l Ipnnmi a i w i a lothai Has lib

•Mil l-.fc» mml alt I LLT man 4 lt * l

I Firm HIM.

1| ! - • • • and ~B"|V ânalln~a^raaiin~<FlLirtill.-Dn^Bind artlcaF. lTJl-1 ra gajyf af FWIUalti*]* M. ^ ^

.J «Wtaunt{aUsr Uaui a kfo gv ni4om| iBJunnH (HBpan:abvwh atall be ronupatad at arv«jd>di bl Mttkfl E8|*

« « l lavaMaitot miaul I la.—A. mutual m*-• • • •—— !^~- • . • „£„

•HVbiHt nwiW* BT II I g«H. . . r ' " * ' " " " * * * • " *- '^••»-1

t irtahd a. a amtual Iniolmtni nrnalnr.K. CONMCtbAtQI BETLlRSi OF tULUuhU) COl

l ijipâf iaili«»«i i™>jBi»i» m>|f ntna i Mtn>X4ti*a?la<9>nHMu iwin

TU CCSIDKIL batail nimnlkm. Ulan jUlagac MlirrJ.Hj rahinuaMI

rerporalioH lrglu*4 in Ik* tflum Eaih UuakH H u n i l paMdaan•>u>n tttfta l«* duniitaac MJfinaia tf FWm 11£Z (gnaiatiiB la Ran'Ia4.ii»k #1 ant lutruirLiklg iha anaUu of th» aatim Jm it* kfsanT. Opjrt .u . . fjm,, .K,!) M (IIMIlH.tnbt.HaHl.aatt. nlun La a j u t

ib**,!KfTMI, lha

>aiaus|IWH3E iIBlV

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CB H l M » BBlft d l f f IOC tuabls,i 14 pM r*» aBBlftinn

K l i j r . f u r I > K t u a b l s

n t n - r u t u t ^ n tI n V - i l w ^ i l ^ r ^ n i A i r i v i i h m I P I B M E F H I i ^ c u l S W E n O u 4 * 4

I - n l h e P d r f i a t : c n « i a l i r a I S A f f d i i * « K n i « l a j W i > E m n i i n l « r B U T l l r m - n r p a n p i t r a t r• J l o r a b l E l e a rtpjr u i t u t m p L i r e o r n p . i l k t r L k u i n L * » i H , l u m i i d J n c i l T

J u g m c ^ l n a ] U t v p t E j l ( u r « . 1 r r t J i D t t l d u E S i K l M j i a i l l e n i i f , i u m t - E i a d


1937


h DM Lain at jui*Jfc-aaaBJ% tut l .

tM *•«< tnd l i tWni luia fn Ml* car. shall k>A H . null in Ul <*••• * • ™ M « * W * A

than knunac, or InomeIHfl. -Sell I i O

. ... g allowghla far la. n u t -f [la h n n a - M r f LK*. u JBIEIBM.I Iba BBEE9BL hajfcl | U t t a b U. f

3*.vnttitaaL _Cvrponticna randnnr^ ri „_dwHlrtgm Brdar Itsm^f ej Sdieduli A If* affwup* tabnn « ittm Jl «n pace 1 «f LU nlgm ft» ir» sarag n i l .

C v t p q n l i o * ! Eanoarina; ra lurM qti a caak I aria AaBja1 w t a r as g. deduc*U n under liam — - » - • - - • •

t i X COMPUTATION INSTHITCTIONS

imowi upon a w t l j a ptfrtnn of th* Mlt iW « * * ,nam*.<mm t i n t * n t r 4hainx

t i S l t h R*>bH* 1?i«l **pil»L IfeA t*. iainajcSllT Berfinn ]D) at tha Rsmugi

h w i l Boual t» |br gyiE of (1) t mnic ofaith DSRUI •>! fir EiiEBcm-tlnai iw (twma far th* iHnniui mtbl- vnr a it in BUMBI i f 14Hncu« d lT f 11 f h dJ teld i l,.f 11 p.rt«

r •+nfi.had»t« flT flUniulipn ii th E

Urn Ip Lhecre nt an ^rg-mvIHa I I * nnn / « - B B nJ"Mr which bi a -pari44 of leal than ]',! pie tha the Bdjust*t. fcrli |ai tto-apetil Btetli baa « . m gh.ll h/»tft>• tjrh WiratlKguiN tg i^ thereto u Uitnaiafedr-ef bng• M l g H nvnthi, "nieBrn r4t1j7it uFa.aoniv•hr HIT in wftjeb, jl m l iHDtnmlrd. or liu Hiem-tjipv Ibe par! or Lfcr »rar In irrirt Jl " M • ! ._ . ._» , ... - .hHnlha and n*K. lot a i>erx4 Dt Mf4 than U BHidkfe. t«T Iu^purpcsBi Ika net inseno ,1M|| be tht Ban* •» th* Wl

« penalncvthi la kh«

ut of a lorponllaila • i t l vn <«r I I

aurpcaia is applieiUr intrftlit u a i u l n?l Jnrofl*! »q

erodlfcofl against thf f n e u -E W attaa whirl

Bdatdlarr whicb [• IhltJ' <~°r lbs raiuat jBBHt a Jeparala BSflaaa-BTiifl u

JL MOfiKAt

i In ita letmll iiKPiae, ta i Jl sfa *™Jm L*. inrimiw. amrfl the** •niporttLr

t mrlodw, pajg I oi mt nrtum, whieh

W» Toe BlftMM. •& Om dlTVeerfi paid crediof dividmlg p^4 duirarUa ti

"* "'""^dJsVUTf'JSd1 Ibe'1 Of earll dindead

^m mf pl*lit IttULttKt JIA) a true il F tna b

bp Hnlna I>li» the dirk

almfj bcJîijriVdAta

plai4fiiDnl oF i fuct« rcJaUaa cv ttw tarjnent af*a£h 4i^

ranty, ftt f,ir n i i t A vilar nnd j.Jju.[4.1 txnii l-ci h a i«Hi.,in Ihaann i^ lb i^ **n obiiBWisiu I « i tkr natc o aiiaribiiion

d t i l U < d 1f i l l * l A ~

(IncludinB-slocknîf (,(rf»nlJt d«4Jr ct Lhr

t tlat t t

f Bynf B.

A4

fc "»i3 InproaeM^ «i hi

• •• * " i ! T 1 5 l l iin* tin

ibss i i:kn VHBBM ot tJ

EiniWT^Lllwl

f B. (hvtdchd w B*i4 bl diiiirvtrnmr of the cnrp^julk,Aw4f<ft ™rf frrflLWil. ^ n r t i l f A i . (S« u n iBItlidtil, Gr!Bilr'r»lr mthcl viiii* it trM lirrc nf IE* Bn™cth» Inw, If The far nurkrl vihn ij Imitf di'n iW n JIIUF, Uh™»i™ "±t BbVt«^* ta Trt'jjirt i j ifcn IB™WTK»SI. I 'M imis j l lflBwum for vMca rvjHiiHd avbplA* r^jf inarfetvnhjfr ajt tht tihrtf of Id i M d f : i l t rfdmJ I

viiii* it trM lirrc nf IE* Bn™cnt, *l,iA,mr isurkrl vihn ij Imitf di'n iW Un- TJIIUF, Uhtn

tliej UuWa ) « r In irhjdi IBs nirrnjuicn g u m . [EH anirle £T;d>-I.

41i'idtjiJg BgSScrHIt a'lin rrtoMt Ehemtn k tlrt '*lr pttrKsE âlve ai InaBUEk or [hi. g[«k riahl. at rjn umt a IB* pajrn*fit. I See g.ib<le J7(- t - l .KemJBElhv Hk) In Ike ibe Of a m n t i efiiLributttl In lk|U Malkoi, th»

19 ihivn!, gi"l umii m, fRf,wttli str»r ihtrei at (hi BauiE , _ ^ , „„M.] If tnv part of a (JkLilhjIiiri (inrhdHnc almca elvLMnJ-!^.tO I, nil a. iBidlllg 4kvUrnd En tic handgI af i « l Cf l ie

" ' ' ' Title | Ur the acrint In irtikaa* usUftubl

» tuatam UBHEF, no ±vtd>ndl

* PErint In irtik^ktwatl. -arm

I. in 3

Ipncl t t

jfj-jT j •£=_-•-a.- l M l" t U J '1 iEBdl -_. ^ dividend clrET4Vflr Erean nrtaln pTMjilx tanJhLfran. In xdJJtl'h » Hi . ocdjt tsi 4ivJt|h4l Hrd duriac HIE tuuhL; ^™r.If In dig tm.bjr rear.no diviikndB BEe »ô"b purL or IT In EyLfl Irmr

1 Tnapliiuo-EankaudtntaleoîpBniea". gg uaai In lu l l far i m l yga.r, Uu» «t».i: b> [wltdej BI f«rc edT ttn 4imi 1 rf th* HfniTfV eaeajg b«4» OE Unit <XTi[«rW*i i ^T - i^Tr f f i i Bi»b tajk. per In t * t ftlH-Ene acdcT i WI Tbfn k x i l m unortbt t»±4'(riti;rdhid'Et<ru I l K j U i S lawi flTlltndl fdinfa """-: arU,^!^ uoH7grin( the « « m l

ilitini la the District <if OIUMbiB), erf anv SHEe, t-r mf*aw Terill^w, '• 9*ar n»e*i|iil Ihe ahdji. - • •*>ibiEantiBj pari Bf thd buiiairn W-wovh uogiaii-la of ranlnn*; d*fv«:g» extent thai the w g n ^Hi maUj>f Wttni a^d diB€wuilBr or »t aH i lrlNx; fiducuinr p**trf Piatilar • f*r El\e HEBI prec duiK '< H™r jETrruttml m rJEl_ul I v i b uirfcr Hc-.itn l l fk j of lh.f Fciiml artaallr (ntUdnj in the

i J .n . li«int Sr Hfh VTnst BHQ>4 u Tart nf thr d rmjil

d

« * UrJWo 3u.i™piwJ 9u.m aIniteBawi

uur> MA hv ui»n tha n*rauj-t« netat dlAnec! w, ««!<*, (1 uniniu Uii M.h>

A£lal ^vr in4en?i« on «Uhgi.tUNBl(Lfand {2) lb« n»dil f « dJvH

l a i C l - l >M -tilr) -U.jnf lail L."£rJ[*;hifi M.) {nth*tinaBumW- i-w'laan . *nr .'M >Prpoae gd Ihe rurnial-laji

irnxj a u l u t h«l irvtnrijHitFSBrilliDBt tb>d

pmided ni B«1ibem< n l f tliti;

i n . BLIfllA* Wl VMDIaTKIBU-m> PflOFtTS

{•> t m j eefftraiiM ™ aabje*I In tin: BUTIU ra BBdlJtriExwd t i M btoeep* nrpouibraa E3preari« 4?CflT|Bi. fpjrtl laâti«i uKl^r Tfille I Bacj 111b*«k, a. Mined In BKiien I(H I M Inatnctloa ILr: 12) inwraim njfT.paUtt Bufafect to tha tut iHlpo**d under Mttioa 3HL, B1U, or WrT; IS) fnr.

j ^ nmfiT

rncttafa [ t r lha n l»urf A I L ol 1!S«,

irt .1 th.

d J i l

Hi.[»4, fr al i u or >T*nr JIT. la it* (Uc vl~ r TTH otf ih4 iha nlieT a irttmt uder Beniim Tr i . ___ ,

ban HtoiailrtKiii th.i-<. ib nTia IjninupUT nnd« Ifc,j > J IN ; c«wi» t l« VAT f l ) I* <F> ihiTE

rlBinlaa i i iaa lan tn^ Ifag iBrtax ahkll fit *tdi u* rtiBTn h f ene>u u t K n i r l a d » h <>H»1l4ll i . Hlimrd a atatrBnl andai uaiK .rall laf faeta pertlaoil |«. 9a cUim.

TJHT Hrtafc M Bnpufict 4n Un net HKtmtrJ roipoTvEion* Ja an imnubtMciguml by Lbf- undWribalrd ntl IncrjniL IÎB iiiialitn»*tf4 ngEb U d f t d L Eh f d f e d i d l

) U . trc-JplB- pmjin™t

lU]. jiKtlon SS I r ) . nlacfni(rnartlela 3S-I; Esx-t J l l l Icllnul I

i *r ldl J i m d ie rrf 1 i.ilii-miTiUc 111 isf i k SiEionaS ttnv-lns

Uie umunt •!k>we(i fla a

11 IBinua tha tgen at ( I f the »nnal tan inpned bj agctlm 11 an]tf.t m* , [ f . ^ ^ M in (ixUni *ci!i;i 1st lîjrrot on aUIMUoB ulVrdEad EiaEaa aii4 iia iBBtrrjaiBnFpihFrg. la the <4tv of a faal Jlnf cpin r ifflliBlt. B I diflntd Hi Bbflion E e f t k i Barki-Eir Aft «f uiaaatoont Ln U i-di^t-o" in detcEinindn; Cl.t MJaBled net •»=^— i—r.abu lh« cndiL glkncd Ljr cr Bn»liHja6|d^. ' "man(*gT» iiatdDnoa

endil >rfltiSntitn J-Efi) ki'jjf'" r a r * <"Jil- in tha ua» d » hotdlor.

Fadaral B»irt**5ritem ecjLfln tT lire CurFniikiikiitr Hd/toeiTdBt» i l l * alpliale durniEt r j * •ansbltjini

BivlBed fitfl|vt+t. So cirfafnurltptmfrk liacb KiiLitr^B14O J T « I aaUtsd. la Iba Ei-^*.u- Ail o> 1»M or jir BmgAetaMi u u a Ln tij<+*B«ir wh*l ig Hynnrci, by miv\ iad ±talnt«i. E4 b« aftnurej bv Bwli BpTlli ate. Kw?•neLnialtina a d*4\jcrion ^ ^ thga tr^ljE Bhall Bltoch

**Uehind qf lh.g r,

nnnjil urMH4 li r

Trl>lr,ln;uv a agp

l luiArt, j

irtnlor vrUn.i ! „ ! „ , Conirnri*l1^,rbaE biigdurlaa; tfe, laaabh voar [t Ibo jjnaukHt n rf•UnlAMtoT nay rtqiarr under the nmviijoiu

lltnni. l H u i l n ,al ann«ln»

driaiaciai. tha

II k (ntbUdnl in the .IriLtnJiiikl endl L ™f pvih fliJBL. •»•-) i tfi Of « "~»M b* irhigh Ike dL«n*-id .rtnf tbi nitt T^WUtf laXaYti m i tucttid the *4f^tlhi

H £ Art npjiibdbs any pait bf thd 4lLiJw£ tarrv-fl¥*r hgn ennBttt Bj«f JUvidaBAls paid by 1hA «n»raci4fi durinv a\py UKI-lile veir &r periodBtppeJUBir |-n»r tp. Jarruuy t, 1 »9C. Hie llr»t EBXible s ru or jurloj ft*

" iottfBlhm majr avail si*(|f ol I h# fctnCBt oi tfii JlrtaaJ tarnâecond twcul* yvar at period. biî|i«nff AfjUr Dnceniber $| ,

1 curpflralrm rlilmlnir a cavi Ancl t*rry-*r*r for anv-taAabbj f«ari jnall *la wlu. I U HU-m tor aadi jaar or juriwl g. ntK.UW alale-runc fcrtb tfa* aaiouiiE ui tae fljiêjij r«rT7-mn- rlaimed and

uwr at lu ucond

Fr>cla±irar ± 6*t*jl*i|

the U I K I I U of tbB anouita vtitrh ••!> b. ^ginlmErd ~llhla tho Igxiyiar BI dtiklmdi nnuul T K . I M . B I a nt»<flU»n af B m i u i atiljttt r

ad! OJ' iaa «Fl»HUHi bEiar tollgj 3, 1*36. " W t l Bnîareri d•Ii mill, the ri»yrr*nt oSiMJuiik. I)1 a. «tfK.rtlto. -DnBd ba <

"" fztdlTbcuiii of I

I u d e arrthin the t a i lliui: tutli irtiumL Urn

f thiaJ b i i pcr g

I I na<J In Jja p i

t i l Ubulkrr»plu uhlfti iicndlt Blaisabt^

ISQJKM), Uiprt.ghnll.t* all

auniMl by Mie mporatlo. prior In 91a; 1, I™, - t l rh inTvtalui u -aMaalr Auh irUH tha dlfEHrtlon gt (HTiTajnt *nd irv*t, ej I]), laXB.ltw l h B* nKl •"rthih th* tanble y i u LiTliaiâtx* ,4 a oVM. I T lt> ha

«b>«tB>iih«nt-(Jill ™ jppUtuli anl, ii iba

(t Che amt 0f,|> t hfs-S. b u d l i

iplied BB prflvi^cd in parDCT^pK P£j.

, tka Eai ib±]l bi,i tfivvaritrcI Iv Iba |ig

thai nrdMlTibolcd neL i n u u

i B| T pc J Ecntvaa el* LBje orneu.itnbrut'd BTDEvtA SUII&IE corapigj m£f*i to- Liu* eradLl njid! I t i a

IT. CREDIT FOBt n k m îth Kvtivn I^llah. a «E?djL

ml of ttaI.ilitllt

^loa t of tao nturnj u aenunt. of nuwe*-. -ur-

™,'lft.rrtrin»rgh«'idbe .atElluJ .Tx"thBtrrt ]T ^-irtgt f-» tBxea B(«n^d but BE* ptniL tl» fqna enujL I4¥Q~BV-

•Ehidio iLaaElirasuroT »f trie ntorji oniluêiE* «i:» «Evnad t niu bas#d sad tha CemmEuJceHF lu f r*qijM * ««KJ an Fozni Ii in Î HttditeCn precedent 14 Ehe •IkîiK- of n <redif *?' fHh m n r i l u ur ireiirn <»pu«ji*tiaead dnaieaie eaiijoratioejentitlril uy the brneftti «if B44--Jon i l l . tmi afrfBiillMa orauiEg^ Urn**r Ehr CHia. Tzaat Ait, IKS,Ira nR (TiEhlBd tJ Elatn lh la [rrift.


1937

242

1937


UNITED STATES - . * „ . .

INSURANCE COMPANY INCOME TAX RETURN 1 9 3 7FOR COMPANIES ISSUING LIFE JtND ANNUTTV COfmtACTS,

irtOJUtHNO COMBINED UFE, HEA1TH, AND

AOCmENT INSURANCE

KtUHk O-l nail fca Ibd. IV DlWtMTATf, • t tudUfMKiy i mui,•Tlh«l*IIIH*THMb>iyF (Bed — omilvrn l i J a t t b d H

CJKHS INCOME

tfc*H#JL W l h l DMlfet «f

0 ) QUIgilbEi^'t^'asîn^'d'TJim'Laur'JlEiC'or'undeVHch Ka at AnMhdwi.

4d GU|MUeh.h V Uott*4 £4*4** i**u#i tin or *b«£D*e hftei&lui. J.TM! - ^ - j

Cl T m n i f Kvu*. Trwmiv Hu*. *n» I n j u r y C4n»£M*iid EodcbLBdiHAi

* i Al*l4? g*JVhfaM B*Midt Ahd Tr>M*Uf|- BbKb ^hAMl Eli" • " . m W.«Mjjnii « " £ " . - - ;

r «..«*..(|> Ofclfejfiafw Of ki>uiikieiit>UU(B flf'tli*T'tiltM614(**(J!>*f

U » oUlctUoDa In hi rîorU <n 11™ (Sh ibcii^.

. (!) I H M , hot™. H a i i H H Ekjik DapMiH.ilt-™, ^

M Dqm^la CbffpoomlkKW nbjtql to IU^TIOD. uiriir TA

.)—, . .in IVE«4 I iv > Lcaland H7to] la cola

P U W C T I O H 5

l m m t WMiHy Enaf (Inm T*™tni^_m

CtntBt ofttrt Mflll of trn; R-rin* ninb * • I. McMT n M M H 01 Ae BiHrve McU for Ddwnl IKrUtbdJ .. _ . .JvrartmFDl Esptn&M (kU*Fh Kbadultl H. •-.

TOH.. ,..„..... L.Kail, bui* Eiimut*... _ , '-.Xttrndvlloii [ rum ffchrfulp C l . . . . . . . . . . . . 'l i t a m t m i n d A b d n t a . ^ . _ _ . . '_

N i r [ N O H I E ( lu tn 4 inliim I tan j f t

Can Onl M.O. Cat-aflid.

1. OmiEVIUHHH

11,

IT.

Hciln

• t * H C W I(af^DTlbcml

COMPUTATION OF

' l>

TAX

1

; .

m Ot *E**J fVnacf l in C a n f a n v <l"l<m it ' I E I U I H I ban- Hi)

ill T i l , Fu-Kl |n >îBipai]^ [!.*•% irf l i r f i i 3-lk. . . . . . .

kimci-ljf CLJIUJI* . ! !}- larr i LfimLrnrlJrin I 7 t .

AFFIDAVIT <S»Ji

tr^4tiiî4rt tor which ttfan rLrurn •• ni\t\f-, t-ijnj; r M.-hrallj diJy JWDML, «icha F:ir "HinhiHr dr|«?-T" kiir. *flfj; 1 in1 ^'"IIJ net-jrr. >n£-liidiiif{ !LM Ar--TTii|iHii^9ixchfûlf* *r>*t Nt*1f [tît1 , if •.!"!>> Liflj ittH-'n -natalran-:I ln~ tllni und ii, »'.i t t e 4JBFL at hiL kiwivtmtn vnrL hf+n-r, A Ifm? cOfnv^ Nrv. compl^li r^l^rn nnLlfi

by wstac parrim t rpa rwn i a t lc j ih-in i f l r f n cm -ia|îir«u of ( I K cumpu?,, Uw -TulCGving i

AFFIDAVIT (SnUo-t-B)Efcl* hnturn fa* Ui

. . . . _ . . . . . .tie i l i t cn in t c-f a

• t-wn pntt^red gf -"fiith I j v i h u t ADy kimwUni rv

Butiit.ibftri jmt iBK-fii tq Tjcfnn nn Shi*

— ipj rf _ ]90A

ftpxt-.—Ou^r hrm-Jupii±»(# *Gpr k

N nuultfed +rDUPiiJCA'rE. conr1 1 mu«t b* Alad -with th.i arJtfin&i r-rium ctl^wdk b* niinii r j if


1937

STATISTICS OP INCOME 243

(a)

JL Ttfwjj or Twu I AWB j ™«

i. VeUlif CbhiuaSmdl.M^totrD Bi Ikga I i l»n

T«r ton-hit if Ika f)B. . p n n t i d h Mini i Mill IT I . I I I Tiinli • • iti ii En Itta S (t. **=*a] Btatro PtandP of Tsripi CmpMiM M U d U UUbU Year w n B*i*Hf iritMd t k l U U I frtta*

• . H r " i H | l »k>. IMki 1 hot Htm 1, CJUJBJ. i

(. fln Ut TKk _d BMtlaa. • * ftal* Sfetaba o li.ftjnUim if I | « m i l ia I t w 4whnri fl

i I - I H V H m ABSCI9 BOOK VALUE3

* t b r l o f i Loan..-..i CdOtUi4. foHcj

4 BDK4I flf D « n U i

• - ttSttt M DOkuaUa Ctrpotattoa*..

1»J <r pAlitLMI MIh4

••Main - - • •

1»IT..

•k4 Tnavarr ibBia¥ uamalIn tht Uikiopal iiaiiiait A*UJMO Ud HDAhf. ^L^ t l t

DM lid 111

a lank Tiitinu &*MiM W o t , , - .

I*. l iuuml iHR I TO ». |F]I I . TMiloICtiluaiBil Epl,LatliidTt,Hf|HwMti 1UH. I11. U a i ol bW lanatsd JUvhj r<jr l ig Tk»U« Vcw CODIf. Oiiatuarth of 1 Hnsfli ef Ikp kl44H at Ol* faraded A

1. IFIIITIIIIUTIII

hln4 . l i C-EXTUUMTIDH OF DESVCTIQN FOR DEMH£CLl|VMH

i tinder tb? H W riEK TOT Ulr rnwfinflU't* tlw mrnfH.»( fa H> f v In oit-

Hifwuaaljfia u a bualjiud «tf D u w w\n TpiFilaai Dawnlwr I I , ]11I?t . . . .

llpqnuacii efeifip* Wfi4 v.ajf Mt4L fcUifc« tiwt^lwft gj pie < H hWJirbaiHt u "jci ." etadv I»1 I IB« a oeU J nld b iwiui lad «Hm-ilieeui Dtnew bi^DtM tniuA bj luraljbd. UÎKU fiifiiiiihaj E

a. (ttU+ "T4rT[,^nn,f.>t,f tT.3 dKUdJ Iwdia l Iks oolrf i] l r l ULa f b ^ V Ik klk

J

t DHCHIK mritxaJ ued for dmtrsdnhit b i a l i u i l nfBJBt Misn

I L,

rt ^ , _

Exhibit t,r IBJIs tlut n«d la I.t»IW.)ni the Olio in.

ir ml , ttMi Hiuuta and

> DOT* MifcuxL t * »r imadoi la tfac Emcni « n n n itivfln DD Jtan IL lint pag*? -.

t. IP ial J(.u q m « <t ifiT tTut aariJw (111 l l uMSI* Of tka rnllnc l t d of uuther j ^ p i j i y ^ 4!U

0. Old I

9 uuibla 7a

vT icwsk a<*[

trim,"H- tmrtSEto^Hir Vta kai'LuaikUp'

([> m m ana

1lMt«nlgnKlllA

, • nhm if SaTanaatha oa h a 1S«


1937

244 STATISTICS OP INCOME

INSTRUCTIONS

The Inrtrottlooa Numbered 1 to 12 Cort*spe»d wOk lie UcwNwnlierq ga ft* fege of Ihe Rfcturt

GB06& INCOME A * p DEDUCTIONS1. lntmaL—Enter as ittm l interest received from all

BCUTCU during the taxable year. Inlejeet on" bomb isAidered income when due and payable..

2. DrriJeads.—Eclet- to Item 2 (a] the amount rettivtd a*dividends (1> Insra * domestic corporation, which la subjectto taxation under Title I of the Revenue Att ol 1SS6 nthtl-than a. corporation 4-nLitled to the benefit* of section 25.1 of llJi«v?nue Art of 19M aacl other than n wrporatian critaniurfunder the ChEnn Trade Act, 1922, Enter AS iloni 2 (t> djivi-dtrjida from a rfewatic-corporation which is not subject to tax-itlulL under Title I Of the Revenue Act ot 193& Enter a» item3 (c) dividends from a foruign corporation and dividends froma corporation entitled hr the. beneWs of auction 251 ot theRevenue Act of 1936 and A cai-poratian ttKJbiiied under theCb.™ Ttndft Art, 1S22. Submit schedule. it«mi2Lne all divi-dends received during the year, slating amounts und lumicannd adtinssc^ af th£ corporations dfdaring the dividends.

S_ Hent^—Kittcr fti item 3 i cnts nceJVLd from tenants.4. Total income.—Enter sm item i the total of items 1 lo 3,

inclusive.5. Interest exempt FroH. Umticn.—Enter *i ilrm 5 tlie

tmount af interest uhicti. It nhoStj- e t-mrH from taxationunder tEia proviiioni of section 22 {10 (4> of the Kevsnuc Actof 10B«.

See Instruction tri with resrwet to partially tax-exemptintc-rost wliEeli Is allowed] »s a credit Bfulnst net income.

6. Perc+nlaRt of Ihe mean of thr rescrni fends.—Enter mitem 6 tile aniirUHl neporttid: aa item $ In Sfllrdlllt A. Tlierernivy be dfrtuflrtf from gisx-s income an amount equal to 4 per-cent of yie mean of the reserve funds required hy law andlitld rtt the bepmrdiip sind crwl of the- tuxnble jenrr eitept t>iAlin th* CHE of any imA i s e r v c fund wWcl) is computed nt alower intrreat assumption rate, the rAtv o f ^ ^ petv$n.t ahatibe aubfitdtUUd fctr4 percent- Life insurance Eampunk!. luu-in* policies cijVirin(f l ib, haa]th, and nccidmt Insurance com-bined in oiu> policy issued on the weekly premium KAymentplan, continuiris for life and not subject to canceliitiDn, thaJILni allowed, in addition to the above.* n deduction of W-i per-*erjt of Ihe mean of &uch re%«rve funds toot required by law)h#1d at the beginning and end of th( (aiiaule year, as the Com-mission*r finds to be necesajiry for Hie prvteelica of the hold-ers of cuch polEckn only. Fur dcHnttion 4f "aliowifehle « -

7. Twppcrocrt of the reserve held fair deferred dividends.—Enter at item T an amount Cwllil tv 2 percent of the resentheld at the end of the tumble year for deferred divldenda thepayment of v/hith la deferird for a period af not less- than T>fining frnm the iule uf the policy contract. Da not include in• uch r?i«i¥» diHd*nds payable duTics the fulkiwLfljf UxublE

9, In»«tm«il expecues,—Enter aa item 9 expenses paidwhich are property cbftrfttabh. to investment expenses, thetoLdl amount of Tililfh, if thent bf any allocation of gwirrntexpeiijej to inv«stni£nt CXDCIi&es. Should not c.iceeii one-faurt li of 1 percent of tl>* mts n of the [iineslt-d lasu Ls r*portedin item 11, Schedule B. Submit a whfrlntp showing thenQLure and amount nt the item} included, h'Mfln, the hrLrtcriti^nis lltine pro Li pod in one amount. See section 203 (a) (itof llie Itrvenue Act of 193*!. For dutinitigtn vC "general LX-P5flftf4" SPr Artiok 'Jta (fi.) (^)-l, Regulation™ SM.

9. T'l rHL—I3nU.T i iEem d ta^jes pHid: e.*u;lui ively UP9R realfitntt owned, by uV torrtfu'iny And tav?a aaiesied ,ig;iinal ftljj-vidunl shareholders and pîd by thi> aMnpnny without reim.burjjemenl, SS provided in S«tivn243 <&) <E. h of the KevetiuÂct- of l'JSG Dy not include ts:<t* iststs-BLd acainiL lucalbthtfiU nf a kintt tending to incnesselhe value of the proportjr

, oa forl p

B. e t t For limitation OL deduc-tion U E AitLtle 203 (Li)-l, Regulation* 94.

10. BeaJ taut* **peftpjfli—KntfiT fcj item 10 nil wdirniryiinJ nostsitry Lulldine «Kpene«3, Buch as fin: insurance, heat,Ti M, J*t>or, i h , and thecost of incidental repairs whichTieilntr Inatcrialjy ttfd to the value of the inopertj- ncr Hppre-ciabiy prolowr iU life, but haep it hi an cHinarii/ efficientcmraUiu EOjidltJun. Do not. indude any amsunt paid nut forntw tutliiingl or fur pejimment unprovements or betbermenlamade Co inertia* the valua of any propertj or any amountwtpnded. DO fartcloaed property before Mich prapcrtr Is held

forth for rental purpo*e4, Tor limitation on deduction seeArticle 2O3 (b>-l, B^piUtionj *C

IU UepmecLailofk,—Tb* aiiKLUit deductible cm Account dfdepreciation in item El i* Kn amount reasonably meOAuzinfLh« portion of the in vestment ih depreciable properly by r»a-*on of exhaustion, -wear and U?ar, or obsolescence, wLL-eh iipropprtji ^hajgEabh nffnjnst th» otwratioia of th« year. Inany event the deduct wm it LimiWd lo thi» deprvciaUon en ttwpropcrtr Ififtt iz uaod. and -to the exLrnl usrd, for the purposeof pnodUELnjr the income specified In section 2VZ (a> of theR*v*n"4* Act of 1930. IF !be prep^rt)1 **! ofquinod by pur-chase on m.- after March 1, 1UU. Ihe flnmunt o£ dfErtrfltialionSI-IHJUIIJ be determined uwn the baaia of the criginjil <trtl (matreplacement cast.} of tin.- urnm-tH> ajul ih<? xTob^k numberof yejim remaFniTiff of its >?J<|wolwJ Usrfuf life, h CB3« th>property wai pu hi-haaeri yriin1 to JlJiruh I, 19L3, the amountof dcpr«:ia.lion u-ill be dftsrminfj In the same* mann«r, exceptIIIMI tt urill Ite cum puled on It! original tv&\, Iras [tenreciatianKtstaineJ ]>tlor tu Miirch 1. 1911.!, or its f.iir market talkie fi=jof that dale, Vlikhewcr H prpater. If the- pnjjwrty WJISa«luir«J in any other manner than by rn.m*i«sf, s t t stctJonIIJ ol Hie Reuvnue jêt of 1136, The capital ium to be re-covurcd should be chsr-foil off ratsibly over (he useful life ofthe properly. Whnlever pljin 0 r mfI h jd of appcrtionnHn I in

st be reasonable, must have due regard tos String the tjmbl

adopted\ugtrvfidiin tfitrtturn.

]f a dcvluctlun [a claimed en accoinit flif depreciation. Sched-ule C should be fttivd iti. In raw etsvlescciKc Ja included,slate iepu-fttily dmotiht ebimed and luii; vpon which it i»ccmnuted. Land values or "Mat must not tit- included in Ui#cthetlLl*, and. where tand and bulldEnsa wei^ purchased forfL lump sum the coit of the building subject to dapntleitjionmiijt he «lili!l*Tittl

The Adjusted pretK-nj1 arcminta and the n«umi]l«tcd dfpre>ciation shourn In tht schtdule should, be n«>nei-t«d with thweRecounts as r«flHt«d on toe booh* Q£ the- taxpayer,

Slocisa, bandii. and like Rectifiers are not aub)«t to depre-ciation witllltl tile- meaning- of the law.

See lectiom. a i l ) , 114, and 2*3 <B) <O) of tê Revenue Aet

F&r limiUtion on deduction u i AriJdE SK (h)- l ,

12. InU-rtei ML LnfcbtBJnHK—Enter ns item 12 the amountOf interest paid -dining thje taxable year on tin tDHipanj'a-hl-drbtmlncia, except on indebtedneu ijieuti-rd or conLlnued topurchase or carry obligation (ptber than utilifations of theUnited States ibiJctt after September 34. 1917. find CripciillysubKrihtd for by ihe taxpayer} the Interns! upon which iawholly exempt from taxation. [n[*regt paid on dividendsheld an deport «nd JurKudered duriiij thv Luabk jcarsKpuld be includeJ Jn this flarn. *Bo not include any interestpsid on deferred dividend* on which 3 4educti(Hl i fis aLowed

Lder item 7.If a life innuranoe. company pays hiterut on (h« proemfe

of life insurance p&liciti left wlltt 1L pursuant ts the prorfaiouf iupiJtmenLarj- coalnurU, not involving life- wntmaencdjea.

•>r iiniiljir fontracti, the interest so paid stiull be allo«ml as adeduction frum ETOBH income, ezctne Ol flt tilth deduct ion. Anall

lift iilloivixj in rvapeel <ji interest acttiMM) jn any Drior taj(.aluleysar ta tlisMU-rtt [hial the campany has had Lhft benefitrit a dicductinn of 4 pcr«nt WBHi percfnt, fl-1 |hf <xsF tnay be,

f the mean &f Ihe c^mpuny's LiaJjili Lv on =HK)I wtitracli. bythe inclusion of such fistpility in its tvsvns funds.

3. Ttnital value of real entile.—Th* deduction included inns H k 11 on account of jreal *Stat« u^nad and Decupled jnJe or in [Uirt Y>y the company jhVII be limited to an amount

v.hich bears Lhc airnt ratlc tâuth (iedudion (cumputed ifith-DTit regard lv auboectlon. (b) of sectLnn afl3 of the Revenue Actuf J93E) as the rttitsl VAlu«uf the space not so utiucied bearsto the rental value «f the entire properly. {.Submit dtlalledjchedula).

11. Items net deductible.—Ko Redaction ia allawable forfhe amnunt of any Jtam or past thereat aUotable to i claea of

exempt income, other than inttêst. Item^ dirwtly altdhtit-alile Ui Mich exempt ineomt Shall be sllocatrd thereto, andItenw directly ittribtitsbki tatnj- dfiia of dmlilt income- shallbe allocated: to loth taxfbl* income. If an iierti Is ibdirnetlytttrlbntAble botn to tAxshJe iutome uud oittnpt income, • m ,


1937


•onlftle proportion thereof, detennttsd In the light of tit thetacts and cutuffuUxns la each ens*, (hall be allocated towch. Apportionments mmt in a]! c u q be m w n i b l e . Atup*v*r receiving any exntiol Income^ ether than interest,«r holdtnr aay property T ("Basing i n w y aclL'ily (he i neome.from which la extmpt shall submit frith its return an. i partthereof an iUirifaed Atatexncnt. En dstaiL, showing III U HGimunt of taeh c lai iof exempt Income, and (2> thf amountof items allocated to *ach such clati ( tt* amount allocated t rapportionment DC IUI shown separately},

CBED1T3 AGAINST JYET INCOMEI,1;. EjiUr ** item 16 the amount of fiuerest Intlutied in

jwta income mlftU:K i% yutinUy «mmi* ITOTI taxHUen undert i e pevvistoms «f «etion 22 (b) (4) *T (lie Hevenu* Act of1330.

1G. Enter aj Item 17, 85 percent i>f theamnunt ™=olired asdividends from d donxstlc eM-pomiion which is subject 'V il>come tax under Title I of the Revenue Act of IBK^thEirthan•. corporation entitled Co the Iwrujftta oi acctinn 251 <rt theTterrnae Aft of 1S9G and oth«*- than a coi-poTa-Uan arnaniitpdunder the China Trade Act, 192S>—SE percent of il#m 2 («>L

CREDIT FOB TAXESt7. If credit ia cfolnted In item 2Q for Income la* paid to a

fciTcljmfftuntjT'Lirpciiif.i.siuii of the UnitedStatcshForm 1113,With the receipt for eaeh SUch tax payment, must be

mith thU return, A fortipi company !a not enti-tled to claim this credit.

LIST Of ATTACHED SCHEDULES18. Attach a \\st af the achetJulta fttrtKHuuijing this **lum,

iivinjt for each * T)[jtf title and the schedule number. Placename and kidnapef e w i m y v n eacbiKtn&ita,

COMPANIES} REQUIRED TO F1LB A RBTURMK. Llliility.—Evitry dotnestic life tn«iran» MttiDfinV Bud

îTry lorcifcn life inaumnce company cwryinn on an insurancebutinen within th* United 5t*tC3 flr holding n « r v « f*ih<j*Upon tuaimrsi tcmnioeled wJthln tit* United $tat«B, faanfntII£t ibAuruKE «nd. UKtUidty oontiracU- lilKhidiwg (^w^qCU- uiCHIttlitued l£l*e. tiWltti, arti 4«id*nt infur«hw)t Ihs l e H T tfunds of which held foe the fulfil line fit of aiKh contracts COITKprise mor? than SO perant of il» toljil reserve fui*£», shtlll All?a return an tola form. B « aecttou £01 to 2Q3 of Uu« K«vanue

±0. BtLab of i t turn.—A return gn this form shall W nil-flpeer] on a cash r«ffjpta and diEbunumcnts hoshi in csnVarm.it)' tvilh the annual utatcmunt mode ID the State InaLrtincfDfpcrtmrnb. instead of the 4«rtial IJSESB:.

SI. Annual sfaletnwit—A tvpy of the onnup] 3tnttnKnt forlife insurjmce compatiira adcjrteil by th-e KalionJ Cvnt'entEonvf LnflDrence CwnmLjiinrn-ra for th<? ^nr tW3T, as nted wiUl

of Columbia, which ihfl«* !he reservvs used in-pornButinff thenet Jncatnc reported on the return, toother ti'jlh cupii* ofSchaJula A (TBBI estate} And Sfhsdule U <lwad* fir,..! alw&K),ntuft jiccompany this return, Similar -copirFi Tor the rrrccd-JDf ytftr jnu»t BJSD be fumi^heil, it f*>\- fJ«d with the returnfor tlw previous ytar.

22. C*mp*jt«tian cf VSTCTE and fmpIoi'UHi.—If the com-pany paid to nny t&kcr or (rnpky*e diirinjr Hi? lAxaUe yeirivinpcnfackn Xor imrsoiml E«n,-Jcet in ™ B ! Sf 915,000, Seined-u[« C- l (wpies of which mm1 In: vbtnined from the CJlkctorof intern J rawniK) niu.it b* film I, ]M DUPLICATE, witii ttnJas. part ftf this teturn.

PEHKJD rT*VTtltBI>23. Thf return enaJI be Tor the ulencfw y u r cnd«d IAJI-L-ITT.

ber 31, 1937, «iui Hit ntt ijKomu cojn[-titcjl on the crtfcj-ndAtyear baaia in aDcortlaiK* willi (hr gtiite Uws reûls-tlAtf [[i-tur-fince coAijlanifB,

TlMli AND ri.ACR TOR FILINfl24. Tha return HLLJ&t be Sent to the collector of int^nml

ItitFIBw far UtC (liitrkt In which l»e Tojnpanj.-'s prin |Kllp]u« i-.f tiuann'îiir r»riiVir>Al olTicsor iêntri1 is located, io asto reach the collector1!! office an or before ilairh I", 1933. Inth?««e cf B fêiirn camnnny nuLntninlnf an office or place ofbminew within the United Stale*,. Ltif ruturti slmJ lie filea on

June I b, IftSS.

AFFIDAVITSW. The n t u m shE.ll be sworn to tj> Ui* pi-t*iri*iit. vice

presidenf, or other principal officer, and. by ttar treasurer,assistant treasurer, or chief accounllno: •officer. Reeciveni,tnuteu in diwalutton. trustee? in bmhruptcy, an<f asefiniics,flneiablnf iht pnciKitty or bugiifSM offtjrpQratioiL-i, mull msJieYttoTns of imîme JOT sudi ciHiKratlonj, l [ n i«ei%i?r t ufuEL CUitodj" of utd (v-ntml OVCL tile Injeincsa or pft'IKrty of A(VrporaLEi-iii. faE shall bedefFAed Co be a >rraLing EUCII b"USini>S»or propCTty. whether ht is. eoga-gKi in rcsnying on thr bmi-iwaa for w]ii<jl! the corporation k m organEzcd or [inly in mar-shalinr, selling, And dJ.^puvits • ' its Jisstla fur ptir|iniP9 oflt^ljJJation, ^n Jltttf mey or AfCht employed ta reymsznX iiÂtumpHnf before tha Dtp^rtment Ls not twemitted Lu idmin.UDer the oath.

\YiitiB the leturn i i actually pifpind by waic ix-tson orr*i oiLS ulheb- than otkirs 6i< efflploywi of the er.miis n r , iur hpeTson w personB rniHt *KWIlUi the affidavit Jrt *he fiwt »ftfat ftrat imet of the return,

PAYMENT OF TAX26. Tk« MK should be pjJJ by sehdinjc wFth th£ return »

CIMCIC or money order drawn tt> the order of "Cflllnictitr of In-teretE Tttv^nne." He n«t send » 3 h by JTUUI, nor PQV it inPP?»ft except aa the tollcclur'a offles.

The tax must be paed jn fuB -when ttw c-aturn ia filed, or infiaw « ™ i IMUiUnveiAi., a* •B ta™»". Tht ft«t inaiiJlinivrrt. ihanbe psi(3 on or Ijpfo'e Mardi 15, 19S8, the sreond ins.lallnwjit onor before JfUKl* 15i 1S3S^ tha thlrf JrataJIment on or befnireStpl*mb*T lf>, 199% *nd the fWFth fccLollnient en or btfdreDtitrilbtr IB, 193R.

If any iftj.U.1 [ment is not paid an the dntt Aned for its psytmcflt, thpTihole .imoLnf. of the tsx unfiaid shnU bo paid uponimtlco flui JemBaa by lUe collecter.

E7. For CCLIurt tty niAke and Ale a rtiutn on timf^—FivePflrrtnt to £6 percent of the amount of t to l u . unles« «Llchfailure te duo to rtjascumblt caiittt. and. id addition, wherefailure is willful, ft. tcne of not mom than 510,000. or iltitirisan..mttil ivr TBA Tntat* t h m i Tt*r. or bclh, tfjgelhef wSlh the«Ett of prcjNKUtiDn.

S3. For n-illf ullr Btt*R1t>tJng to evade «t drftat payment cftlie tan.^H-ot more thjin $lO.OCWb or imprisonment for notBwre than 5 yeara, w birth> toother *rith tht cost* of prose-GuttpnL

=9. Par 4#Dd«ntydaetpjiegtlj[efleebi-f;niudL-^7jv« percentOf ttit amount of the -thiiiSniy if due to rrtftlimnoe or Inten-tional lUsrepird Hjf rules and jertJJtttcma vrithcut intent to^pfnWJil, or 50 percent of the amount -a* tilt <Jtfieienry if duet» fraud.

INFORMATION AT SOURCESO. Evtry iRûranse BoJiipanyahall make a tetLriumFrtMKH

L(BG and Ifl9!l with, rtisuct tn sfnauata 5^14, ts*Jit«l. iw *^-tributed during the cntendorywir (») Eaîilai-iciordLliEJ-cwn-pcnsfltl4m fw perwnB] eervioci, totaling- si.npn or murs in the«»W of B citizen ur resident ^ Iw ia not ituicr-ied ur TVIUHEmjritnl StAlir.i ia unknown, or ^ÛU or nmrt in UHJ case ofn married titiatn or resident, or (W ai inteie^, f*iil, pre-jfiiims, unnuitieEjOifltljev (IKVJ Or jLlcrminaJalfi inc*fnc tntal-Tn[?ljEHM3 nf lUDfrc Xo n fiAncinrJ'. niomestic or l^slJent pn^L-nerviiipj or a cltF**n or rrsidorjt- The return UTI f'oiTni 10S6pnd 109? abtill «]io include dividend fajmenls aFnÛiitihj; to$H.lO or mtire duifns the Ciluaiiur yenr la each ahHrehctldt-rwho is an individual (citizen or resident of the United Stated,a jmsitlpat AdLciury. CIT n rr.;idmt partn?r$hij> »ny nismber off,-hLi:hi ii II c.iti^n «r refid«at. i^c Tunns will be fuvnirliri

6t iniemnl rc%fnbie upon rf»m(!il. Such re-tion •sotvrlnp [he calendar year l937riJiut beC f I l K Sil

S^tF««, WnshJjifrton. C &• in. lime Us « r«eiv*d not laEerth-Jh FctruaiT 15i 1333,

DUPLICATE HKTUHN41. TTnr C«FF tiJ Vhe TetnTn required tofce lllcil on Uip atipii-

i'iti! form (gJX!*rj paper) eJiall b* a complete dli plicate of Chereturn Except that it need not bt suCRed -at j>wwm to T»r kO-

f Copy of J5diR!iu]r C-I or a capy of th* annualmade to ih« insuruioe 4epwrtnienl oi ths State.

, pi Difitrtst of CollPnhlR- for failure to tile th*h*mni m time' there iviD IKI usBend $10, ^hlch v-ill

upon notice and demand "by the ccfl«tor.


1937

246 STATISTrCS OF INCOME

UNITED STATES1937 RETURN OF PERSONAL HOLDING COMPANY 1937

(Pnm 1190H) bind h n w Stnta

Fw C*l*mdar Y«r 1937 or Focal Ywr

i » g - H . ADJUSTED KOtT I W O M B COMPUTATION UKDER TITLE 1A CSM Instruction I)1. N d imai* CM defined in Tilit I J the R<Ytm*-A<t ol 1934 u U _ M U by ife H t m Act tl I W > -2. AJd:Cofitnbuti4««^;ta deducted IncaqiBtuicilm I (MC inn J btfe>O. _

4. ToUlrifcra I ini „ , . ,

S. Leu: Ca*it*tw™« (iftt [Turn SditoWty Ontie

7-

15% of item -Q

Annst psk. in liquationUrtributimi or pllt {U

e «TfWBlii*l LouJ m liability of » decedent t

l lULanut. t « Untwetiwi O.9.

10, ^

VWOlJTRIBUTEti AWIWTCD h t T INCOME COMPUTATION11. AJjarted n t inean Otm 11 «tioTc},

i r La>: Dhidaidt pud mil. _-„„

13, Aaual«<dorirmw«tlTHtudtteHyait«li»endelKiliKfi()f mj L»d inuncd JHKI

Juuvy I. ISrmhwn Sthid Jt D. Ik* |]J ^ „.„..,

>+. TotJ ei itam 12 UKI ti..... _ , . . . _

IS. UdUnbUhtd idjutlfd nt bam* &m 11 n » km I'D.... „_

COMPUTATION

It. b t a n p < i t k J .ton 1), wi in n o . tf tlO», ti *5%_

'17. b t n m u n n t cJ iton IS, n w u ef (JJKWl ik 7J^ m

n. TulturUi ibitciu li*rj 17F«ni4i bhw th* nuatt tad nUrwei c fe n^wb w

id lMof tin guuundLm eviu] neelt cJ tbe unwuin:

or untimty, «J UL/ t n duriri (Ki ki l

IS** Instruction T), <gr otht? pnieipal oduei) and tttmt&tr f/w

ftr Hhtck lliii return b mu3e. beir« mrrmty duly WOT, wl> I H I W W V JupHW Uhl Hyi tlut thjl tetumi d » U a tnj ntthttKiiti>1iu been cxutuicd tor him ud 4, to tkt bat rJ hia I n w U p and belid. » true. VTVX. uid r

Fridi, lor iln t u i l b n t f lUtrd, purtuani to Lhe Flevdue Adi el 1W6 ud WJJ uid tt» RtfiJttiwu iHwd OtenuidbH.

. to brfofe I K tta*

d iyef . . . I93L. „

AFFIDAVIT ( S M tnatrwcUon F)

u (w iAmO dut 'r*"1 pnpuid tliii n t n l«r tin ptnon nuncd hucin uwl tliit the Htum tjndudktju/ (utnmpmyirn «VJ,J« uvd

) • ut*. onBl , ud comptlc ititement tl tH it\t ujwmjtiwi rcifieciLrta OK ivri** IbyiAj iinpoicd by ur iw 331 cl the Rcvcnu: Act J

IfH. M UKTrdcd bj tUt RCVOHH Act o{ 1JJ3, of i t j ptncn ror when [Ells iclvn liu b m pnrJHjcd if which lîn I n n U17

SulwTit<d ud n u n to btf art ue cKa

„.- <kv rf - 1?J...

HtrTC—Due t « u k t a "DUPLICiTS COPT" Bil 1 M --lib ihb <,rl,l_l E


1937

STATISTICS OF IKCOME 247

GO - -

• — II

[--;-* • t —.. . • » —

'Jbtt»*$.

*.

~StkLgth4~r>u»H i j i

M ! » • )• ftr t tn 15 pmsun UgJaikiO

r M rtqr <f, faat [up:] .1 mhlrt b li« k m

M W ^ BL- «H«n<l> U"» 0 * BCT U U TO PAT Oft u n u

J, taxut iwd « >« tftfc pint in J»II»-T, I, ifM. u> ptf w m h tueii

A. & e i ^ 4 b ebCedntH on Juiuuy'l, If M-, «r«v I4A4I u n u t iMe4 cr wt

7. Aoxxditi uxd or Ht « U O ta Jttir* lutfa ndibtejnci* duflci: tiejdJloiiVh| ca&oibr ]re*n, of dujinf AtCml >q*rj b*|IDCIh11t in Audi

ItH,IWDM.

» , 3 tJ«« of infct**ilti^ ( I™ & HM>IA Jim fl

lai ABOUM ulutUr and durnf d» UxlUejnr tsnnd bj- lhl» nturn

(l> Am*M DTCvcully Ht uiJe 4u^n 4c hut tk j™r ™™rd t r Ifcitu n t o pay « n k n tin M<btaJntu, Lut iut K V » 4 ) ' UH*1 J«-

IL L^tUU fit tJW»»* wtt*wyl EXL I H £ fctw'i*T <i*fes^ Wfr 4bdjMKour» S«r 4K-tiublFTsTconrctl by thii.ntum<EllUTbiliJu iton ULÎrtHticX -

LJUIE

$

I ...,.r

f

*

*

D n d t TO MNBUIV 1.

I I

-J —

% • • • —

t --

» i

- j — •

4*. .

*

*

InJcrt, Ly JMCL w k srSdlm till <Uixlian tlit™J in hofi 13, firil pip J tM, Kcun.A • Ai»cunrt iittaJI? utd (Wi^ the Uub4a for to p»y or n l n Lbc iHltUiJrw:

J 6

ii1pi Dc*eribc lutb tkc plan hr p t r iu l or rttiremt ct llv obli(ilicei, •vtiatfn* <btc wJ mLhod of v&Qftun, uJ v l w tU pin ininlihiTT- linking fund ifimfiit w iimlUr unninHd, mtfnit • cofv ef the imtnlun m igrmscnl by which tic find v » t l ikd

l

u * deduction jnftm 13, it* J^mf ehb rrturn. iqreinu in6#kia f J r d«r uKWUtuiui uid nwiod b> "Ilich il t t l krtvotibfy H I u i t „

Hi uiA la p»y « U fa (lie


1937


nramticntttt m PCMI 112m

1 9 3 7 UNDID STATES RETURN OF PERSONAL HOLDING COMPANY 1 9 3 7CnWfarancat «r« W ttft Rawua Act of IB*, u aawnoWd bv lh» f t m n u A« ol IU7, 111— gUwnui a*tt4)

Tafuym »4I find it halpful ta m*d GUI-JTA] [iutniGt.«u (AJ t# (J) M m «wutMriciar to fill in th«i ratuthe. Specific In lnul lBu Jn w n i u d l n with flUnc •« t l« it»m •* ilmi».to wtlteh tfc«¥ ««hl.

INSTRUCTIONS•aat mtlMt HEB» an r a m HtOrJi—GvaiTilTuti Llw clai»;ni-i!]»n «I a "p.r««W t*Himrtun *5i. *ai(fc nmdiu lellnnj

• n s u l lil«ni»- anmaii^ m* 4ctnnJ In Httfon 33! hut di DPI wJtlim theJ4n pvrrPfiai hoUkas CttftPany1' as wed Jn= • - " Wj nn«r|t In (ilue oT JEi sub

injdLrc rJy. at *ny tirte durjnf

tr m i d e ™ *T ito Utiiltd Sutei, if i u b j « " n " r 4 u r t u Ja in f - r t^BKtion U l en J(£ ir*KLm.n fron MuTcftn ^vilbui rjit Ur^teJ ^talcn And mustAll iT4iam«n fomi IISAII.

j4* f^lhr I3.-II - .-Hre

hr prrrbnq•IIV H k n

•a* » i M ftal

k( Inri-HW to iW - U H T I> -vVrk «Hh I • ' •#•! i i . nHy *»J -_Blb WP+-TWJ LM

Eir&riA AMI 1kuiTi--/|«un(i inclixliHf- in «**iMin*- ii# IMC i*«nM 4-T tht

tbf KIT I EM. -at If Ltw Vl----I.nl *•** li la Enr Vr Jutti>lFt>lh in In* m i r u i . **d Kl

fcip!•*•" bt u > * niLr-u-i. t+-t* h-b—.-l

> d M 1 ^ Of \tn\\vwcttj, Ikj M- f ^ •*!* • PHhk1 dUMJ

nlirui . **d Kl i l tni it i. t+-t* h-b—.-llppi F I I I

i l If

#*rHiul LHM.U *i • • >nr I K B H UB^-T ^JIJW-TIIVH 111.- 4 h P Nlivi-uu L'JU pi Q.11] R*rALT*a.—M.*--'-i'. -vh * ' H I mr-HILM uiKM 1 hi -rcfi-ili-

taiSM •» -Mr- fkjv-bii » -J-.P* w - IH »T*X4 ii<WE, *nl Hi i i - u«i^'-:•!-• yiVKib4i" b r m l j l l rh] lnPbIlrV1n+-r«^l>I>h«-hlTtN-l*+4m-h4»lîn tuc V r u H i l ttfFlfn• •.ul*rod ^ th*rT*J'-*™. ™iiJ.<ul* i : i+f «*r««. op iKh UE i,Lnr [pni i n ^ - . "

•7*-I-O-JrlJk ur.ri.iii urh-J.rVi*.!*..J fUlHK-Hit n n n i h > - A ^ <nf.fl.|l|ij dill t> H H I I W K « -M *--mJA#nincilv IF l-irj-- 41ly- Lv c-r r--F -ii FHmiIr nr h v fiJ * ^ i irtnFr.

^ ^ "" """ —"' —

M ik. g H nl1 pra

,*f rrrP ih

...™lh]M.nf~-^rL»"f'^riir IV

C#l4iFj4rg * L«R A Hull y # [ aait 4Jtd H Mtf

h-n ihm l>tetni ber*^ vt ix fciStlfti Li h r ill YtmTErvrn the Cbaisiiiuai^r r* IniJi* a clipitfft.

i change pn (3u »uc«ibiNiur period glwujil be-

(C^ «aah aT T^Wr^—M y>H VetrVn t< WSBtan aTr^rrA r.n thr arcnialbaadB, report- all iiK4Jnt acrru«4p eren ihmigri it roi ncl bflvn ocniaiEyJTorh'fd or ( l l m d -nn Ihg bwtt, ami Mrwirfl irtnrivd isMLud it• <pcr»# nai4. If ynur books a » not h<s4 in tht i r t r j i l baiit, ..t ii j^nb-Cbl lai boolu, m i h HJDT IMtjrii nn I cut] (turn I k j "p-jrt »U iKirtiiHati^td or cuutnietiuc-ty nevjwilf 9uvK u btuk jjir>re#t rnditcd En ytritf

•r u » tflinl mmllt !> ell«b>r fj7 Ul'l ihrtricl in wtiieh t X ^ 'm prJtHsal «Hlc* or onfit / Is KoaJtHli(W m U t i i i in ^ » i fLhe rfLuTT, iti^l kt niidbuying t*c clue if the

iii ' i pni^pgl BElU ti hitsn»|tfc* rjiH nf * T-IHVIBII «crp»r*>

e nf bocinftu ui!hin -|h» L'ramj Slltt*,thrf^ri I I ! l£Ek day of tfen inth rnnotl.

<EJ PurlitaU rtlcun.-'nii! ^ D T nf the remrn Ttôjird to be ftltd «the JuplkaU I » m tg-rHai j»p*M chall ba n enrnaliw duplir.Ci- or th ,rrJim t ' W t Hial It ht«d ntt IK "llTrtJ nj- TciUlnj. fvi fal]un b • ! •

fF l . R e t u r n I I I T«ri*eiUr«l^-Tlip>. ....'mum nta _h'ln^cipal cncnrr arKt V IHfr iRtaaror.

HUcr, Whrn tne TtUi^ TfUrnTthnO< Lh* «jipDntrnn. men r*rcnn -or prnnm mmH- ngwn|I» die •

trw) foot Of Int CMHId ?ig« o( tilfl Teturn.

(ft) -nTim Hid la alsal lax ntm* In paid.—T rf Ul[ \rficri Cbe jotorn iA rtlrti^ or jn four equal iriEL!iJlini.'nlir ai lnlu»^z Qnor btfjrrnff [he 1 ECh oaf nf Ilia [Ihird mtnilii mn or W i r f th# l&th cU.( (iftlw n!Lth mantll! on nr before fltn l^th rfo]r «if ir» ain li mnath; and enain^ th; and en

i n , the (h ie ui UK

l Hit rrlarn a tfprfll ciLLgrtat l£n f lav^ Ujil t'M flIJflCtdr'a afflt

u- brorf the ISth d.JJ af ihr tîULiBiJ.i. vxir.

If uiy fi'tuMhtinl in not pujd on lt)« J . d ilind for IU [MiTiH-iit. theriv lr •jii'Oiiri'. ^f |4$ [ii^ unnaLit mûH EM JrAJ4 U|]IKI a l >> and 4emrid

W lit* HlnxUF.TT.# taAimuf br n>Ed by mTjirtt<T brin

rnjona fdtr dravm E« rjie ordtr nf ^CCJHEnit Hfid cash t y BnLi1F or |iiy Ji in PVT D

( H , l ^ n . l l - 1 - r ^ îdldY 1^ Ih-Jh £7U( JP| r^ . r , * , t i - l t—rj™por< iTt ;u X[j pLLTeent nj LJia mjacu-llt C1 I U tftju. galru 5iirh faliaia 1. 4n*Ed ncajDp-lblf CJUjr. and. in ackliiian. wlier? failur* ]e 7V11IIIjFd a Una 4fn4tmore tlun_ JH>,(H>j or tan fvimmfrTit fcr n « BMre tban 1 n . r , or btrti,

VL ^f"'lr 'if™mjJrnJt^fCfi^S1*' rfrf«r fmimtvl '! On (ai—Wot•ncro truri ilLUSHJ IT liurmratenl. f « r « l m » llag 5 fmuw, nt M i l .

1 the deficient}- i f due to la-flip-Foe f t InLnniraial ITircnri ui nlen and

X latinn* "i'V'ut InKnL to dof'HM, cr M pciwX of il« uaiiunt of Lh»•onrj- tf -ilWl* (rwtd.

itv-'SKIinn IH (IfflM* ih* lam• nf Till* IA n> * i M* Itnnne.

unrj-tf-ill*

KHljiUKainiu:

""•ilk I^rtPli hluttt. Hmu TmlLi, mnl¥ ^

^^^^ *iri ILallAjLB o4 I V H I M &r ^ ^ ^ f r i : . " ™ ' ' V ^ - ^^^ . ? . j.


1937

STATISTICS OF 249

SPECIFIC INSTRUCTIONS

tanbrral

1, test tawait,—Enter * • Item L Hit > K ihcon* *tar ilw tutaoU i wni P*Hd in Lreoidu.H wit* ISO prevSflotM * r Till* 1 f ' the B+WIU* ActiWS 11 melded by Ibe Brvoi^r firt «f 1SJT. [n ih* i i a of i™n«tlc

1 • !k)U fti^xjrrl In rn4c >r-htnaeca within U *rail ui > t e « plies or baudJiru therrJn tbla lum

Dm/ He CDmmolAd by adding to tk* net fiw*nw ' ' ' ' '™VT« M lien 31, StLeHal? A, Form 11». ft:sf Lhn Ujinrfd SU4**. nhmrti XB itana £ and 30 QtfHnjvn JL, j f l r t lisa.aji<| InllTWHsei ohUgHiwi of imlTwmitllitirt of 1>e UmHj S l d n gthrrUuU> oUifatHHU ianed luder th* Ftdtnl FilM Lpxn Act or un4«f UKbA M ML xnttrf**.

JM Ui* « M of A i k b !or i n i i i w sdtbln th* Vbui-nm thtniit} whichxvîcfi 362 but noe x i x r«rdgn pdntlwv 331, the jnnsurrt to be m i « d in itci

" ' *prliDn 11U TXUHC Ihx

H9Hfeal fnrEfn (arjMntltll fix* r n r a r i in IrUnlud i u w art » t burinf an D M H « bliATl wudiftai U a t t iura l h*14li1C (fiapxnj a

h^ jpfcr fwlirm 11U ixU™ Ihxni n> rDfnputeil -*M TfMtt, in adtitiB wil$irt*he IJr.il**: Ktft1**/gji» f

i f roaipxnj v»«F * H -1 »J IF* nil innuiinuih

unfet *KUMI M l (xt. MMin to iPK*mf Jratt all atLer

b h d

and T°

IKlK'MI,

ii of (Mil aMvcttl uajn- H d l n PI <*).—Eertiofi S3 (ql«>d«rcio«i of bntribqtJAn^ AE llfle id- <ne erient or

i Hiram* iamruE«d urilbiBt'lhr oeaerll *t Biuh *Hfcrtto»• leetion 311 D»vUn that Ir HWiantiBi xdj.«*4 r r i I N « W (benbe aliened ir lieu at [ l i n b d u l i n u l l m ? H]< prrCjoi I t _(qj COB

1 in . m « n ! * t ikh d « i n*tI wUhum cbt btiefu oC i ~*™t «f thr net itinjlm- nmnited •

the drduftkn tllani uildtr Hf U j i l h J J

E 4

|K^ EHnpsnutlen SttoWl Hitrein Ihiuld be erinwf x . Hrai I Hist TOlt.fine relum, unhHj the coriVTOiian Ii pnHikrvd Lit tfvli'hLiili llm prapnttTti( ll^1 '•'••!l:f<;wi to Ibe «î,»-r«ti«n of the CDmrruujiVÎ.

Tin- turim of proot wit] n | upni, I he lixpai.«r t? luiljibi (M (J*iik-(mlicf 1he a^xrc[jl» 4>f th^ rnpqrnwi BUnwod up^crtbrtJML 23 (mi and dibre-C xtl n aE»*Kl wndnr ierttah £] MJ in m w n nf *bo ivnt or aCbee- earn*peiuf L,*n drriyrd hum Ib? prQunv, A urnDratlni chLnllir BUdi l u m

"." "I)"11- >f "j« " f * l l l S tft febMile ^ . xtt*A IS IK, n ^ m xlih i t i cixfmôrXII^WUUM oltbe UQwdnnx tuV«Ul*r

WILht i n , forlh „

mptrtQ BtnlrMcnt of faliei in I L W H I L of Ehe dediuf*tFj[i|iornjl U I E pivjurt j . ;

rihof

f [JIT FDBii [ 1 ftr lhef r j * numr uuL Kldnaa

J) Tfac KiMt UiJ zddrtu of ttx

* . ' ' lr-T. htH by metel The nxtiin (mh,

ta. J«Dt W «Ji« CHlt>euiHFUiw.<h«rrDpiny

i n ahri [knt

[kn wnnnl o/ Ibe ».]«

m u>d ths IWISKI and nia>

n irtiBi »*nni icqaln^ xni

wl»«i k i w i or m u d , orJ the Jiftinlier of •&,!«• ofnbvri it Iilu lanJL^^lAr.V ™t fTt*t Muinujft. i:nied fur tnc w of. er ItW *!•< fer uch E.F Eh. t

tt><)rtrf <rilL m j a i t to,

L «oiap«n »bi*nu JufPV+J. a rial

, » ™nmi •frrvmiiit;

I <nij4tal n i wlii IWHt toibe *TT]pony td r H ^ ^ I w i ^

j J Jl itBtiaHiM of any n w i * Kihlrti ••illid f«- eimrtallgo tfcxt£L£FT*V™ uf r"P*"-* *™W b» fffflJitaklr, #r x utilencat at taE

'"J**! %'n?'otli7liai«™SStin wlSrn<!Si |?Mt*(Jon nlk).

n i iriwthl u

^ J T J K l i " * C t rnstTUHin-Ji ! i h w , !h« aruunt d«hK(*J tonkr KC-titn SI fa_f "= turnpiHlna t n inimv ustMt Titl» ] » t» be m m ™ ! ly,ir»nns( ujid" bi«ii S. f k i , ^ drtaili of i!u. ranlrftmloai JIT (ifta mxdevitnlfl UO [nub r kear to or for iht u i . ^f duria- dea rlbHi n, >w-

"**•(? ™k*T IBt-Ji total i i i n j i IS p.j»n1 ef Ia< xm*i»t l lwm in ic«n 4

1 itcd. B, no oMadRiB 1M B I IHJ.US In hes i .

! Jn Sctatul. c uri BB**F tin i t u l juamiil

l«ea of i icedj* motlrr *r Valdd Bt u credit pcrtsiutd tfr Junatk torpor.it Is Ulf t l i n an nrncd by Titl» I It nw xb<11SI wkth n s v e t to On

1 a cndU with n o K l t* tb. IL,H I * dMmtixn vonar Mclaon ta (E) (9] ._ . _pr*frtt t u n impnaid k? IT* tnhMitv j f aa)i fcrdalum, [if taa I Hit*4 Stan* it TsnniOad (or UH mngoHundjtUfbvied aaMmbtd net iaeoo™ nibjKt u d» *artxtLnn SN **in U*rj*titfHlfXf.ytlt <0xju > iradll far |tha raxu Emmflrf Er IWt 1..CooiBtle ienonu<»alinldi«laliLibiinTtbaaEnaiiiiLori

r> on Una * , SdfdlUo B, Fmn 11 SO, frbera uw ogrtlan Itclaimed . . x ™*t dti U n ^ w i i . h r a l l S , kA If

in ja (ui ( f j iii [oTjpoU«ntn xanu.14 b» niiltjn

dn Jif^ 97t PVI i P v o i l l U i fc lit IU- cixOa l l i W H U dtdurilDca ondar ••<-

U bteoaia jabjiet. to t u undtr lit*: [.j M bteoaia jabjiet.4 b» n i t j n (tin T.

n arrpoTUbm ebnld titxt rah tUH uaccanaiiea iriUi mtttiati l i t | r tht unp

O U i t J SU4 d I

'tadd Hsiiiaulii ai xdodutwB is iteit

(iMalllal id lExbUt at • nrpantbai la^4 an

• -xa*_ OMtritHdltv gr lUbh-e*Hi« * H laj

^Tir MllrlioB Mtf«t n t o tMl TTtvl lon of lair ™ ( b. faKf ••>

_ _jiUr lid, uiW I ,t »r tSe dirioWuai t*U.•HtldB BT tgmpBted wfebmt ta* b*H*fll nf D V

a to andend. carry-owi>.i P<*« ILBOHfor i

uMnlHjtHiiHi to KhIttUh Ul ITKI HhnIL with tb* Mt im DH

n( f«rth th= inlonnatlap jigumUt [a

<*[.|U3 Hoct.rr*d iwr.it

j n t i to j x m i w 1. J

f Ehn ttiiôf i i jmtnubgal, u

n (br BJtr txxabEe >aar1 narflxnd, al vel]r xi

pxniiujar iDdabUn:n*u. , , _ .at t i t m . K«>F. condlliofii,

3Urtl«ltxt laoMlHCTHai buat hi«mli>

1 Jmrxr In - l i ell H

xoondxnrtlirrmrrt ot ta.

nt ni all jnttbudafH t C™*

AlaDuma

"111 hi C«id4.nd nugnxalo i f id unb a deHnita and K

l l

iel uby in*

n lnb a deH

ptlwlar- ivbrintldt Jn »X 4

gircbixdafl

tbllriaitxi**Plan f*F wlT Tt xr>Plan f*F

I t mutttwilT. TtinxJ la> t

nf eatl ranunt -p^^fc f*f • IMina«tJv< MttilHI u I Aprior I* Ihxt ia wflilTl Hi* phi! E. ufaptad. H*w«.•™» adunud jrtdmr to KW, no adJoabnent 1x all.™Bnonau Ml tufa tn tW > MT1 brWT tir 1U4. A plmn « «he uSieTvt u> in ,11 aobatquint Jrttr. IUUU- 'mire t u lj.hiliEV I t k r * " • • " -

atl tko pHaeof ununla for Hunr , If • Vfluitxiy oj»n

bl b t «ftha

x t Jrttr.

whlcC juatl rll m l iipcn 1t»t*»Jiay*T t i tmUm H»

. Ifac taxeajwr Bunt fxmiihi Ib* 1n/«nniU(ni


1937

Income-Tax Forms - FRASER - St. Louis Fed

Documents