Excerpt from Federal Income Tax Problems 1922 Unless otherwise indicated, in all cases in which references are made herein to the Revenue Act, the Revenue Act of 1921 is the Act referred to. Where sections or parts of the Act are quoted without qualification, the quotations are made from the Revenue Act of 1921. In the "facts" stated in connection with the problems the use of the term "corporation" or "company" implies a domestic corporation, and where individuals are referred to, resident citizens deriving their income from sources within the United States are implied. Where other conditions apply, such conditions are stated. Unless otherwise stated it is also to be inferred that the taxpayer is reporting on the calendar-year basis, and for a full twelve-months period. The bulletins referred to are the Internal Revenue Bulletins, issued weekly, and obtainable from the Government Printing Office, Washington, D. C. Regulations 45 Revised are the regulations relating to the income tax and war-profits and excess-profits tax under the Revenue Act of 1918. Regulations 62 relate to similar taxes under the Revenue Act of 1921. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.