The Income Tax Bulletin Service for 1920, consisting of Weekly Bulletins of income tax rulings, Bimonthly Digests of rulings published in the Weekly Bulletins, and semiannual Cumulative Bulletins with the full rulings published in the previous six months' Weekly Bulletins assembled under the various section and article numbers, can be obtained by the public by subscription, price $2 a year. Subscriptions should be sent to the Superintendent of Documents, Government Printing Office, Washington, D. C. 2 PREFACE. This Cumulative Bulletin contains rulings and decisions of the Department relating to income and profits taxes, published in the Weekly Bulletins of income tax rulings (1-20 to 26-20) for the period January 1, 1920, to June 30, 1920. At the upper right-hand corner of each ruling is a key to that ruling, consisting of the bulletin number, the year in which the bulletin was published and the ruling number, separated by dashes. Directly beneath these numbers are letters characterizing the ruling, followed by the number given to it by the Solicitor of Internal Revenue, the Committee on Appeals and Review, or the division of the Income Tax Unit from which it emanated, as the case may be. Thus L. O. 1032 under 23–20-991 indicates Law Opinion 1032 which first appeared in Bulletin 23 of the year 1920, and received the ruling number 991 in that bulletin, it being the 991st ruling published in the Income Tax Bulletin Service. The following abbreviations are used: A. R. R. Committee on Appeals and Review Recommendation. O. D. = Office Decision. A, B, C, etc. = Represent the names of individuals. M, N, X, Y, Z, etc. = Represent the names of corporations, places, or businesses, according to context. ≈ is used to represent a certain number and when used with the word "dollars" represents a sum of money. The Cumulative Bulletin is to be used supplementary to Regulations 45. Thus, if a question arose in regard to depreciation of intangible property, the first step would be to look in the index of Regulations 45, which gives article 163. Under this article the subject "depreciation of intangible property" is treated, but if further research is desired, the investigator finds the number of the section of the 1918 law (ordinarily at the top of the page of the regulations; in this case §214) covering this subject. In the bulletin he will find the rulings under the same section number. References to section and article numbers are to sections of the Revenue Act of 1918, and to Articles of Regulations 45, unless otherwise stated. Rulings are arranged in the numerical order of the sections of the Revenue Act of 1918 to which they relate. To assist taxpayers in locating rulings on the subjects covered by the various sections the following brief outline of the arrangement of the Revenue Act of 1918 is given: Section 1. General definitions. Sections 200 to 261--- Income tax. Sections 300 to 337------ Excess profits and war profits tax. Sections 1300 to 1408-General administrative and miscellaneous. 360006 3 |