statistics of income . 0 0 195-7-58 · porate statistics, summarized from the more detailed tables...
TRANSCRIPT
STATISTICS OF INCOME . 0 0 195-7-58
0 SOLE PROPRIETORSHIPS
0 PARTNERSHIPS
0 CORPORATIONS
with accounting periods ended
July 19S7-June 19S8
U.S. TREASURY DEPARTMENT a INTERNAL REVENUE SERVICE
Statistics of Income / 1957-58
U.S. BusinessTAX RETURNS
• Sole Proprietorships
• Partnerships
• Corporations
Prepared wider the direction of lite
Commissioner of Internal Revenue
by tke Statistics Division
U.S.TREASURY DEPARTMENT - INTERNAL REVENUE' SERVICE'Publication No. 438 (1960)
LETTER OF TRANSMITTAL
TREASURT DEPARTMENT,
OFFICE OF COMMISSTO
H-H -
11;TERNAL REVENUE,
'..,.g., D. C.
,
February 10, 1960.
SiR: I am transmitting the U. S. Business Tax Returns in theStatistics of Income series for 1957-58.
The purpose of this report is to present, in one volume, summaryinformation for sole proprietorships, partnerships, and corporations.The source date are returns and schedules filed for accounting periodsended July 1957 through June 1958.
Sole proprietorship and partnership date will not bepublished else-where for this incorde year. However, numerous tables covering addi-tional topics from the corporation returns are containedin the completereport, Statistics of Income-1957-58, Corporation Income Tax Returns.
This is the first publication of U. S. Business Tax Returns. Amore detailed report is planned for income year 1958-1959.
Respectfully,
DANA LATHAM,Comissioner of Internal Revenue.
BONORABLE ROBERT B. ANDERSON,Secretary of the Treasury.
III
UNITED STATES
GOVERNMENT PRINTING OFFICE
. WASHINGTON! 1960
~J~hy tl,, S-A.-d- fnm--,U.S. G--- P~i.ti.g 0051- w"hi.g- 23, D.C. - P6-35--(Pft~!_-)
CONTENTS
0. S. BUSINESS TAX RETURNS, 1957-58
P.g.
Profits
**''* ......
.......................... I
Receipt ......................................................... 2
Growth ...................................................... -- 2
Sources of the Data ................................ ............. 3
Industrial Classification ........................................ 4
Description of the Sample and Limitations of the Data ............ 4
TABLES
Sole proprietorships:1. Number, business receipts, net profit, and net loss, by
industrial group ........................................ 7
2. By size of business receipts:Number, business receipts, and net profit, by industry.. 8
3. Number, by size of net profit, by industry
................10
Active partnerships:4. Number, business receipts, gross profit, net profit, and
net loss, by industrial group ........................... 11
5. By size of business receipts:
Number, business receipts, gross profit, and net profit,
by industry ........................................... 12
6. Number, by size of net profit, by industry ................ 13
Active corporations:
7. Number of returns, business receipts, gross profit, net
income, and deficit, by industrial group ................. 14
8. By size of total assets:Number of returns, business receipts~ gross profit, net
income, and deficit, by industry ...................... 15
9. Number of returns, by size of net income or deficit, by
industry ................................................ 17
RETURNS AND SCHEDULES USED, 1957
Form 1040, Sole Proprietorships:Schedule C, Profit (or Loss) from Business or Profession,pp. I
and 3 ...................................................... 20
Schedule F, Farm Income and Expenses, p. I ................... 22
Form 1065: U. S. Partnership Return of Income, p. 1 ............. 23
Form 1120: U. S. Corporation Income Tax Return, pp. 1-4 ......... 24
TV
U.S. BUSINESS TAX RETURNS, 1957-58
This report marks the beginning of annual tabulations for unincor-porated businesses engaged in all types of business activity. Not onlyare income data for sole proprietorships and partnerships assembled inone volume, but also, for convenience, there are included certain cor-porate statistics, summarized from the more detailed tables in the com-plete report, Statistics of Zncome , 1957-58, Corporation Income TaxReturns. For subsequent years, a U. S. Business Tax Returns volume willbe prepared by the Internal Revenue Service and sold bythe Superintend-ent of Documents, Government Printing Office, Washington 25, D. C.
Represented are about 10,650,000 business organizations. Sole pro-prietorships number 8,738,000, partnerships 971,000, and corporationreturns 940,000. The number of active corporations is somewhat higherthan the 940,000 returns shown herein, as data for an additional 13,500subsidiary companies are included (and cannot be identified separately)in the consolidated tax returns filed for affiliated groups of companies.
If the reader is interested in llsmall~ business, he may wish tocombine the material for over 9,700,000 sole proprietorships and part-nerships with that for the smaller corporations, such as the 821,000corporation returns in table 8 with total assets under $1,000,000.
A few important items are emphasized in this report: Number, busi-ness receipts, and net profit or net income. Also, for partnershipsand corporations,gross profit is tabulated. Nine iables'are presented-three each for sole proprietorships, partnerships, and corporationreturns. The first table for each of these three forms of organization(tables 1, 4, and 7) contains rather detailed industrial groups. Thesecond table in ea
*ch set (tables 2, 5, and 8) presents a significant
gross size classification-sole proprietorships and partnerships areclassified by size of business receipts and corporation returns by sizeof total assets. The third table in each set (tables 3, 6, and 9) pre-sents a frequency by size of net profit or income. The data in the se-cond and third set of tables are also classified by industry.
Eight out of tenPROFITS
unincorporated businesses re-ported a net profit and six of every ten corporationreturns showed a net income for the income year1957-58. For unincorporated businesses, there were7,874,000 with net profits totaling $32 billion and1,835,000 with net losses-of $3.5 billion. For re-turns of active corporations, there were 573,000with net incomes equaling $49 billion and 367,000with deficits of $4 billion.
As shown in tables 1, 4, and 7, large amounts ofprofits were reported for certain industries. Forunincorporated businesses with net profit, the3,600,000 engaged in trade and services accountedfor 58 percent of the $32 billion net profit. Foractive corporations with net income, the 87,600 re-turns for manufacturing accounted for 49 percent ofthe $49 billion net income.Some industrieenotably construction, hadabetter
profit record than others. In the construction in-dustry, 93 percent of the unincorporated businessesshowed a net profit. For corporation returns, firms
engaged in finance, insurance, and real estate hadthe most successful year. In this industry, 64 per-cent of the corporation returns showeda net income.On the other hand, mining and quarrying was a morerisky activity. Over halfofthe corporation returnsfor mining and quarrying showed a deficit. Unincor-porated mines and quarries did somewhat better-over60 percent had a net profit.
For all profitable firms, 78 percent reported anet profit or incomeofless than $5,000 (see tables3, 6, and 9). This percentage is influenced by thelarge number of sole proprietorships with relativelylow profits. Not only did 84 percent of the profit-able sole proprietorships have a net profit of lessthan $5,000, but 55 percent had anet profit of lessthan $2,000. Slightly less than half of both part-nerships and corporation returns showeda net profitor income under $5,000.Charts 1, 2, and 3 give the percentage distribu-
tion of net profit or income among various industrialactivities for sole proprietorships, partnerships,and corporations.
I
U S. MUMS TAX RMMS, JULY 1957-JUNE 1958
Chad I.-SOT PROPRIETORSHIP NIT PROFIT DISTRIBUTED IT INDUSTRY
BUSINESS RECEIPTS
Receipts from business activity aggregated $931.1lion for 1957-58. As would be expected, a large~rtion, $685 billion, was reported on active cor-,ration returns. The receipts of manufacturing and-ads, reported on 444,000 returns, comprised 81!rcent of the corporate business receipts. Trade is.80 an important activity in the sole proprietor-iip and partnership areas. Over half of the $246.1lion business receipts of unincorporated busi-!sees
'was applicable to trade.
By far the largest number of businesses wasin the:riculture, forestry, and fishery group, which is-edominantly farming and related activities. Ofis 3,614,000 businesses in this group, 3,453,000~re sole proprietorships with business receipts of!arly $24 billion.Table A contains a summary of the receipts of U. S.isinesses, for eight broad industry categories.ibles 2 and 5 for unincorporated businesses present!ceipts for 22 more detailed industries;classifiedi size of business receipts. The industrial detaili tables 2 and 5 is presented for returns with net.vfit, and returms with net loss are shown in
~.W. I-M---,-r-, ~.con-TIOM Ms....9-e WEIM. By mumyl -140
.1 ......... 8,737,"5 162,687 M,6V 83,430 ~,147 ~,883
.. ............... 3,112,5!u n,~3~ 2,WL;'Or ~2,675 11,108
.......... 51.=7,5MZ,a7
53,576DS,~
26,675M.5N
. ..................I
...... *'"*"*..........
`2
111~'Wl 17',.811,13
305
,
.7 221,11
....................
.... .......N - -.M a. w ~,5r 17 1~
....................... .2 .7 11,.81
2-,
Chad 2.--PARINERSHIP NET PROFIT DISTIBBUIED-BY INDUSTRY
aggregate. Table 8, for active corporation returns,presents business receipts classified by the eightbroad industry categories used for table A. Thecorporate material is classified by size of totalassets, a significant gross size classificationavailable from the complete report, Statistics of
Income, 1957-58, Corporation Income Tax Returns.
GROWTH
Unincorporated businesses increased 29 percent innumber in the ten-year period 1947-48 to 1957-58.Moreover, the business receipts of sole proprietor-ships and partnerships increased 53 percent duringthe same period. For bath types of organizations,the increase in business receipts for the serviceindustries was aver 95 percent. The number of=Jn orporated businesses engaged in services in-creased 57 percent during the same ten-year period.Data for each intervening year in this period arenot available for sole proprietorships and partner-ships.
Unincorporated business
Sole proprietorships ............
Partnerships .................... 9
61
43.
The number of corporation returns increased 70percent from 1947-48 to 1957-58. The business re-ceipts of corporations,like those of unincorporatedbusiness organizations, increased substantially, 94percent, from 1947-48 to 1957-58.
Table B shows the number and the business receiptsfor each type of organization for the three incomeyears, 1957-58, 1953-54, and 1947-48.
Percent increase, 1947-48to 19
Iffunber
7-58
Businessreceipts
32
W'w'-
S,m:W
%0,U7
U S. BUSMW TAX RffMS, JULY 11%7-JUNE 1958
-r-
9" M.7:W5
-1
N"-
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ft~~ 1~ ~ N53' - I' P. SUti'ti.1. N47, 1, P. NO.
1953, ---p ft,-, ..d p. ~e
pti- - 1953, ft~ 2, p. ~; U1J.1J,. .1C. N471 ftA 2~T 16.&
1
SOURCES OF THE DATA
Finnncial data for this report were obtained fromreturns and schedules filed for income year 1957-58.Different terms are used on the returns and sched-ules applicable to sole proprietorships, partner-ships, and corporations to describe items similarin nature. Throughout this report, where such itemshave the same basic definition, one name has beenemployed. An example is "Business receipts.,, Thisterm is used to describe what is labeled total re-ceipts on the business schedule of Form 1040, grossreceipts on Form 1065, and gross sales and grossreceipts from operations on Form 1120.The tax laws and regulations prescribe varying
treatment of income and deduction items includablein computing sole proprietorship net profit, part-nership net profit, and corporation net income. Netprofit and net income, therefore, are not strictlycomparable. .
Returns and Schedules UsedSole proprietorships.-An individual income taxreturn must be filed by every citizen and resident
alien who receives $600 or more gross income ($1,200if over 65 years of age) and by every person, subjectto the self-employment tax, who had self-employmentincome of $400 or more. Financial data pertainingto sole proprietorships were obtained from the bus-iness schedule C and the farm schedule F filed withthe Form 1040.Partnerships.-Althougha partnership is not taxed
as an entity, it'is required to file an informationreturn, Form 1065. Each individual partner is taxedon his distributive share of the total partnershipincome, whether or not it is actually distributed.For Federal income tax purposes, a partnership canbe a syndicate, joint venture, pool, or other unin-corporated organization which carries on any busi-ness or venture, and which is not, within the mean-ing of the Internal Revenue Code, a trust, estate,or corporation.
Corporation returns_Domestic and resident foreigncorporations, except charitable and other civic andbusiness associations expressly exempt fromtaxationunder-section 501 of the Internal Revenue Code of1954, must file income tax returns, whether.or notthey transacted business during the current year.Data on corporations were obtained from returns in
Chad 3-CORPORITION NET INCOME DISTRIBUTED BY INDUSTRY
the Form 1120 series filed by active, n=exemp-corporations.
Returns and schedules, marked to indicate itemtabulated, are.shown on the following pages:
Sole proprietorships ....... pp. 20-22Partnerships ............... p. 23Corporations ............... pp. 24-27
Number
Sole proprietorshiPs--The number of businesse;operated by single owners. If several busines.schedules are filed with one return, each is classified separately according to industrial activityIf two or more businesses of the same type are included, they are processed as one business. Com.munity property businesses divided between husban,and wife for income tax purposes are considered aa whole and counted as one business.Partnerships.-The number of active partnerships
not the number of partnership returns. Duplicatreturns, which may have been filed for the Sampartnership, are eliminated.
Corporation returns.-The number of returms filefor active corporations. A group of corporationfiling a consolidated returm is counted as one return.
Business Receipts
Sole proprietorships.-Total receipts from saleand services,less rebates, returns, and allowancesplus other business income. Total receipts do noinclude long- or short-term capital gainsor lossesnor do they include investment income not associatewith the taxpayer's business. The business receiptare understated by an indeterminable amount sincreceipts were not reported for 329,000 enterpriseswhich did, however, report net profit or loss.
Partnerships. -Gross receipts from sales and services, less rebates, returns, and allowances.
Corporation returns.-Gross sales plus gross receipts from operations, less rebates, returns, anallowances.
-A
U S. RUSDIESS TAX REIMS, JMY 1957-JM 1958
Chart I.-SOL[' PROPRIETORSHIP KEY PROFIT DISTRIBUTED BY INDUSTRY
BUSINESS RECEIPTS
Receipts from business activity aggregated $931illion for 1957-58. As would be expected, a largeortion, $685 billion, was reported on active cor-oration returns..The,receipts of manufacturing andrade, reported on 444,000 returns, comprised 81ercent of the corporate business receipts. Trade islso an important activity in the sole proprietor-hip and partnership areas. Over half of the $246illion business receipts of unincorporated busi-esses yas applicable to trade.By far the largest number of businesses wasin the
griculture, forestry, and fishery group, which isredominantly farming and related activities. Ofhe 3,614,000 businesses in this group, 3,453,000ere sole proprietorships with business receipts ofearly $24 billion.Table A contains a summary of the receipts of U. S.
usinesses, for eight broad industry categories.ables 2 and 5 for unincorporated businesses presenteceipts for 22 more detailed industries,classifiedy size of business receipts. The industrial detailn tables 2 and 5 is presented for returns with netrofit, and returns with net loss are shown in
~M norm."-,--. ..~W-- n".-In-
P.
..........
................ ","11 1",910 4.M 11,833 2,8.
. ...................2 17..S Xl: -7 n,:
% '
,
~.
M- 2 : 2 ~7 3~
......... ...... .1 1,,1621 ., ~j,.85 M
=E:
Chad 2-PARTHERSHIP KIT PROFIT DISTRIBUTED BY INDUSTRY
aggregate. Table 8, for active corporation returns,presents business receipts classified by the eightbroad industry categories used for table A. Thecorporate material is classified by size of totalassets, a significant gross size classificationavailable from the complete report, Statistics ofIncome, 1957-58, Corporation Income Te;r Returns.
GROWTH
Unincorporated businesses increased 29 percent innumber in the ten-year period 1947-48 to 1957-58.JAoreover, the business receipts 6f sole proprietor-ships and partnerships increased 53 percent duringthe same period. For bath types of organizations,the increase in business receipts for the serviceindustries was over 95 percent. The number ofunincorporated businesses engaged in services in-creased 57 percent during the same ten-year period.Data for each intervening year in this period arenot available for sole proprietorships and partner-ships.
unincorporated busine.5
S.1~ propi.t.-hip.............
P-t-hip .....................
Pementt~10-86, 1947-46957-58
Nmb.rB-i-s-elpts
32
9
61
41
The number of corporation returns increased 70percent from 1947-48 to 1957-58. The business re-ceipts of corporations,like those of unincorporatedbusiness organizations, increased substantially., 94percent, from 1947-48 to 1957-58.
Table B shows thenumber and the business receiptsfor each type of organization for the three incomeyears, 1957-58, 1953-54, and 1947-48.
U S. BUMMS TAX MUMS, JULY 1967-JUNE INS
~M-
.7
N-1
I.-Im
-_V~I
9..=
SOURCES OF THE DATA
Financial data for this report were obtained fromreturns and schedules filed for income year 1957-58.Different terms are used on the returns and sched-ules applicable to sole proprietorships, partner-ships, and corporations to describe items similarin nature. Throughout this report, where such itemshave the same basic definition, =a name has beenemployed. An example is "Business receipts.,, Thisterm is used to describe what is labeled total re-ceipts on the business schedule of Form 1040, grossreceipts on For-m 1065, and gross sales and grossreceipts from operations on Form 1120.
The tax laws and regulations prescribe varyingtreatment of income and deduction items includablein computing sole proprietorship net profit, part-nership net profit, and corporation net income. Netprofit and net income, therefore, are not strictlycomparable. .
Returns and Schedules UsedSole proprietorships.-An individual income tax
return must be filed by every citizen end residentalien who receives $600 or more gross income ($1,200if over 65 years of age) and by every person, subjectto the self-employment tax, who had self-employmentincome of $400 or more. Financial data pertainingto sole proprietorships were obtained from the bus-iness schedule C and the farm schedule F filed withthe Form 1040.Partnefships.-Althougha partnership is not taxed
as an entity, itlis required to file an informationreturm, Form 1065. Each individual partner is taxedon his distributive share of the total partnershipincome, whether or not it is actually distributed.For Federal income tax purposes, a partnership canbe a syndicate, joint venture, pool, or other unin-corporated organization which carries on any busi-ness or venture, and which is not, within the mean-ing of the Internal Revenue Code, a trust, estate,or corporation.
Corporation returns_Domestic and resident foreigncorporations, except charitable and other civic andbusiness associations expressly exempt from taxationunder-section 501 of the Internal Revenue Code of1954, =at file income tax returns, whether or notthey transacted business during the current year.Data on corporations were obtained from returns in
Chart 3-CORPORATION NET INCOME DISTRIBUTIC BY INDUSTRY
the Form 1120 series filed by active, nonexempcorporations.
Returns and schedules, marked to indicate itemtabulated, are.shown on the following pages:
Sole proprietorships ........ pp. 20-22Partnerships ............... p. 23Corporations ............... pp. 24-27
NumberSole prop,rietorships._The number of businesse
operated by single owners. If several businesschedules are filed with one return, each is classified separately according to,industrial activityIf two or more businesses of the same type are ineluded, they are processed as one business. C=munity property businesses divided between husbanand wife for income tax purposes are considered aa whole and counted as one business.
Partnerships. -The number of active partnershipsnot the number of partnership returns. Duplicatreturns, which may have been filed for the Sampartnership, are eliminated.
Corporation returns.-The number of returns filefor active corporations. A group of corporationfiling a consolidated return is counted as one return.
Business Receipts
Sole proprietorships.-Total receipts from saleand services,less rebates, returns, and allowancesplus other business income. Total receipts do noinclude long- or short-term capital gainsor lossesnor do they include investment income not associatewith the taxpayer's business. The business receiptare understated by an indeterminable amount sincreceipts were not reported for 329,000 enterpriseswhich did, however, report net profit or loss.
Partnerships. -Gross receipts from sales and serYices, less rebates, returns, and allowances.
Corporation returns.~Groas sales plus gross receipts from operations, less rebates, returns, anallowances.
,U.S. RUSMW TAX RMMS, JULY 1957-JM 1958
A sizeable part of the income of corporations andartnerships engaged in Fin=ceinsu=ce, and realstate is not reflected in their business receiptsecause reporting instructions prescribed separatentries for investment income.
Net Profit (or Loss)
Sole proprietorships.-The difference between
ross profit and total deductions. The amount issported on line 23, page 1. of schedule C and line0, schedule F, Form 1040.Partnerships. -The difference between gross profit
nd total deductions. The amount is reported onine 25, page 1, Form 1065. In computing partner-hip net profit,the deduction for contributions andhe net operating"loss deduction are not allowed.or partnerships engaged in Finance, insurance, andeal estate, ordinary income has been tabulated.rdinary income equals net profitas defined above,lus investment income, income or loss from otherartnerships, net gain or loss from the sale ofroperty other than capital assets,and other incomeeceived by the partnership. Ordinary income iseported on line 33, page 1, Form 1065.
Long- and short-term capital gains or losses,
ontributions,certain dividend and interest income,nd other income and deduction items specified byhe tax -laws or regulations are not included in com-utation of partnership income or profit. Instead,ach partner enters his distributive share of suchtems, under their respective headings, on his in-ividual income tax return.
Net Income (or Deficit)
'Corporation returns.-All items of taxable incomeess business deductions. The special deductionsnd the net operating loss deduction are not in-luded. Net income is equivalent to line 32, page
I Form 1120 and line 15, page 2, Form 1120L andine 18, page 1, Form 1120M.Businesses with zero net incomeor profit were in-luded-in the net loss or deficit category.
Gross Profit
Partnerships.-Business receipts less cost of goodsold as reported on line 11, page 1, Form 1065.Corporation returns.-Business receipts less cost
f goods sold and cost of operations.Gross profit, in aggregate, for both partnerships
nd corporation returns, has been reduced by anyrose loss reported.
INDUSTRIAL CLASSIFICATION
There are eight basic industries, subdivided forole proprietorships and partnerships into 76ndustrial groups. For corporations, the eight in-ustries are subdivided into 65 categories that areenerally comparable to the 76 categories used forhe other business enterprises.The industrial classification used for all
:tatistics of Income reports is based on the 1945-49tandard Industrial Classification issued by theiffice of Statistical Standards, Bureau of the
Budget, Executive Office of the President. TheStandard Industrial Classification, developed toclassify establishments,was adapted to an ownershipor legal entity basis. In general, the definitionsin the Standard Industrial Classification wereaccepted, but certain combinations were appropriatein ordertopresent statisticsonan ownership basis.
Each corporation,partnership,and sole proprietor-ship is classified according *tc, the businessactivity accounting for the largest percentage of itstotal receipts. Even though a corporation may havenumerous diversified activities, the data from eachreturn must be tabulated for asingle activity whichmeets the above definition. *Each sole proprietor-ship is classified separately according to eachbusiness schedule. However, two or more businessesin the same industryreported on separate schedulesby a single taxpayer, are combined as one. Partner-ship returns are classified by the major activityof the partnership.Three variations from the definitions in the
Standard Industrial Classification, used for theStatistics of Income reports, are:
(1) Public utilities .-Radio and television broad-casting is classified as a public utility (C=lni-cations) rather than as a service.
(2) Wholesale trade.-Commission merchants aredistinguished from other kinds of wholesalers inthe corporation industrial categories. For Statis-tics of Income, the group, Commission merchantsin-eludes all types of corporations principally engagedin commission or fee wholesaling-such as agents,brokers, manufacturers' agents, selling agents,purchasing agents, assemblers of farm products, andauction houses. If their commissions are equal to10 percent or more of their regular sales, corpora-tions combining commission and regular wholesalingare also included.
For sole proprietorships and partnerships, co~mission merchants are presented with wholesalersother than those trading in farm products or food.
(3) Holding andother in~estment companies.-Thesecompanies are defined as those reporting dividendsas the largest single item of income and with divi-dends, interest, and capital gains constituting 50percent or more of total receipts. Corporationsnot meeting these criteria my be included in theindustrial.group, Credit agencies other than bank .
DESCRIPTION OF THE SAMPLE AND LIMITATIONSOF THE DATA
Data presented in this report are based on astratified systematic sample of returns and sched-ules filed for the income year 1957-58, coveringaccounting periods ended July 1957 through June1958.
Over half of the corporation returns with a full12-month accounting period were filed on acalendar-year basis. Net income, as reported by those withaccounting period ended December 1957 was nearly$36 billion,compared with slightly over $11 billionreported by all other corporation returns. Theoverwhelming majority of sole proprietorships andmost of the partnerships filed calendar-year returns.
U S..BUSMM TAX REMM, JULY 1957-JUNE 1958
Statistics were obtained from returns of activecorporations and partnerships. An active corpora-tion or partnership, for purposes of Statistics ofIncome, is one for which at least one income ordeduction item is reported on the return form. Thereturns of inactive partnerships and corporationswhich were excluded constituted less than 3 percentof the total number of partnerships and corporationreturns. In addition, data from returns of organi-zations exempt from tax, filing return forms in the990 series, were not included in the corporationstatistics.
Excluded from the statistics on sole proprietor-ships were business schedules filed by partnersreporting their self-employment income. Theseschedules were filed in accordance with section 6017of the Internal Revenue Code of 1954, requiringreturns from individuals who had net earnings fromself-employment of $400 or more. Also excluded fromthe sole proprietorship data were returns of fidu-ciaries reporting, on Form 1041; trade or businessincome. Statistics of Income-1936, Fiduciary IncomeTax Returns for 1956 includes information on some21,000 returns of trusts and estates with grossprofit or loss from trade or business.
Data from Form 1120 returns filed by partnershipsand sole proprietorships' choosing to be taxed ascorporations were excluded from any tabulations.This group is estimated to number about 200. Tenta-tive returns and those not associated with theiroriginals were also excluded from tabulations ofdata for all types of returns.
Description of the Sample
Uniform methods of classifying returns wereprescribed for each of the 64 district offices andthe International Operations DivisioninWashington,D. C., to facilitate the administrative processingof returns for collection and audit purposes. Thesample design was adapted to fit the regular number-ing and grouping procedures used by the CollectionDivision.
Returns of individuals were classified by pi~es-ence or absence of business income,size of adjudtedgross income, and taxpayment status. Partnershipswere classified by size of gross receipts or totalincome. Returns of corporations were classified bysize of gross sales, gross receipts, or total in-come,by taxable and nontaxable status, and taxpay-mentatatus.
Sole proprietorships
The total sample, based on individual returnswith business income, consisted of 101,264 returns.This constituted aboutl percent of the total numberof 9,985,593 individual income tax returns
with
business schedules C or F that were filed for theyear.
Individual returns with business income whichshowed adjusted gross income of $150,000 or morewere selected at a one-to-one ratio. Various sam-pling ratios were prescribed for the other returnsincluded in the stratified systematic sample.
The number of returms with business schedulefiled,the number of such returns in the sample, anthe prescribed sampling ratio by sampling stratwere:
P_Number of returns scribe
Jh5-mpli,
Sampling strata Filed' Sample ratio
Form 1040, total ........... g,ges,593 101,264
Adjusted gross Income;
Under $10,000:
Schedule C ................. 5,627,819 44,546 8/1000Schedule F ................. 3,235,480 9,364 3/1000
$10,000 under $50,000, schad-.l.. C and F ................ 1,073,32D 30,402 3/100
$50,000 under $150,000, ached-ules C and F ................ 44,856 12,634 3/10
$150,000 and -r, schedulesC and F .................... 4,118 4,118 1/1
ner,ohr.cpadra
returns with business schedules filed by partI
ting their self-employment noome.
~Partnerships
foOver a million partnership ~eturns were filer income year 1957-58. An adjustment for dupli
cate partnership returns, sometimes filed for morthan one partner, reduced the total number t982,422. Over 3 percent of this number was includein the total sample of 33,691 returns. Included ithe total number filed are 11,815 inactive partnership returns, from which no data were tabulated.
The information on partnerships is derived froa stratified systematic sample of all returns reporting gross receipts or total income of $500,00or more and of other returns, not meeting the requirements for 100 percent coverage, which warsampled at various ratios. IThe number of partnership returns filed, th
number in the sample, and the prescribed samplinratio by sampling strata were:
P-Number of returns -1b.
D'
sampl1n.Sampling strata Filed' a 31 ratio
Form 1065. total .......... 982.442 33.691
arose receipts and total in-come each leas than *2D,000.. 911.591 9,446 1/100
Either gross receipts or totalincome between $200,000 and$500,000 and none $500,000 ormore ......................... 48,630 2,276 1/20
Either gross receipts or totalIncome $500,000 or more... ... 22,221 21,96s 1/1
lAdjunted for duplicate returns filed.partnership returns.
Micludes Inactiv
Corporation returns
The total sample consisted of 207,863 returnsabout 21 percent of the total number of 984,20
U. S. BUSDUW TAX RMUMS, JULY 1957-JM 1958
orporation returns filed for the year. Included inhe number of returns filed are 44,055 for inactiveorporations, from which no information was tabu-ated.Returns with gross sales, gross receipts, or
otal income of $1,000,000 or more and all life andutual insurance company returns, consolidated re-urns, and returns with overpayment of tax wereampled at a one-to-one ratio. Other returns wereampled at various ration according to size of grossales, gross receipts, or total income.The number of corporation returns filed, theumber in the sample, and the prescribed samplingstio by sampling strata were:
Number of returnm~ scribed
3"Sampling
Sampling stmta Filed' sainple ratio
the number of returns filed and comparing this ex-pected sample size with the number of sample returnsactually received. When receipts of returns appearedto be inadequate, district offices were requestedto transmit additional returns. Sample data wereextended to the sampling stratum totals by weightsobtained by dividing *the total number of returnsfiled in a sampling stratum by the number of samplereturns received in that stratum.
Sampling Variability
Table C shows the relative sampling error of theestimated number of businessesactive partnerships,and returns of active corporations,for selected in-dustries - For the items shown, the table indicates therange in percent within which 19 out of 20 similarlyderived estimates would fall.
Fo= 1120, total. .......... 984,202 207,863
roBs salms,gross receipts, or
total incame , each less than0100,000 ...................... 545,751 51,592 1/10
Ither gross sales or gross re-
3elpts or total Incesne between
$100,000 and $1,000,000 and
--- $1,000,000 or mor........ 348,790 66,610 VS
Ither gmas sales or gross re-Delpts or total In.-$1
000,060 ",wre and all
consolidated .d,lifc and m-
tual insuriince company returns,
and returns with overpayment
Df t=..' ..................... 89,661 '89,661 1/1
13holudes returns of lmctive corporations.
Method of Estimation
The total number of returns with business sched-lea filed, partnerships filing returns, and corpo-ation returns filed was determined from counts maden each of the district offices and submittedto thetatistics Division.The adequacy of receipts by sampling stratum waseviewed by applying the prescribed sample rates to
c- Pacnismama~' PA-mam .. comm'- az~_ a,-seem-Ura,,WD suiess re.nu-. "urrene,
It. ..................
-.2 ~'m 7.%
161- ~ 17t
-2S"i.
-,0067-3.n
10,1.1",-
1."145
............. m,935 o.ft............ 15"_ so'- -
An extensive system of sample management wasused to minimize biases arising from processingerrors, incomplete coverage, and inaccuracies inestimating the number of returns filed. The returnsand schedules were mathematically verified,but weretabulated prior to official audit by the.InternalRevenue Service. Therefore, errors *made.by tax-payers on the returns were not completely elimi-sated.
SOL E PROPRI ETORSH IPSU. S. BUSINM TAX RMURNS, JULY 1M-JUNE 1M
T"I. 1.-WtR13M, BLIBUMS McginS, we, MFIT. ,,, M Was, " MUSUAL scup
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U S. BUMMS TAX RLTMS, JnY 1957-JUNE 1958
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u s. BUSUMS TAX RLTMS, JnY 1957-JUNE 1MSOLE PROPRIETORSHIPS
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12ACTIVE PARTNERSHIPS
U S. BUSMM TAX MURNS, JULY 1957-JUNE 1958
Table 5.-PAMMHln WjIR M ~JT By SlU a gUSIMS MEInS: ~M, BUSUMSMEMS, GROSS MFIT, -~ MFIT, By InUnRY-
P~MmHln .1m MT MlO;, ~ ~Mi.
T-1................................ . 1,043,197
" ' '...................... 2,041.- 11,011 71 8n1
E'1,
5-.781 71.:6QO,- $1 ..000 .............. I.: . 1 7 -" ' ' ' "
22 11 7 111.......
u.,MOOD ............... .
.'n""O
I
.21: 11 12 111.1-:
~ 73~ M 457: 2,M 1 :113 Ol. .: :.
ISi
. ...............ul-I 000............. ID.227.4" "I......2.751,~
,
1'5791'1,~- "D 319,985 M 174 2.,117 Ili - INu;':- 1:000 1
V :1.71l,.. 1,-,171 -,- Ul 200 256 77. - .3
1e7
.
152 ~ Ill . .65 DOO 000 . ... ..... .et....................................
I,e7.
1,2.,176 1,-,2662,-
222,-11,-
lo~11
Ze.7
3, 11 : 617,
1,121-
,
1
-.1................................. : ' 1,5".16 053I ..................................
1 :
725 -,563
~:
o'Il.m, $10 .000............... 16 31 N6 09 271,649 -,27 211
' '121,833 7
Ilo 9~ O87............... ..
M .
:,11
"' :421 -... 2
,:57I .0,2U :tft
:
. .............
.000. DOO ...........
I,-11431
1,31,M913.361
131M.1i.
1
"I
-,-7~
M.,U,- ,1.
l'ooo -eae. 787 -,.2 - 17 1. 120 61 -........... 11 113,- ~7,2n
:"4
.I ,"om.....
I .ta . .............................97
.................................
'--
1 1,11,975 ",151 1 ~.112 3e4 738,095 -,751 123,Ul 119111- 1w,OOO.-- ",.1
.,.1171:
2,..,.2210,181.."e.
91,2dl32. -
8,=6 5.1
1 78,~ -:135 ~ 3131.:- 1. 1 ~ ..:9'
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~
i
Wl,.2.
13,- 492,- 1.2,.7 96 ne.
9 ~' '
1712 ~ 653
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,21,702
, ,6,-, .l
, ,1,-,381 ~;m.................... C.1 1,U),17.
1: :- -
2 :,0oil
:, 1:., :.1.803 ~,ON 4,151 2,~,SN l0e,N3
1000 .000. 000................. 3.911 7,050,034 1,014,603 203,101 2.511 "1.186 - 9u 1.211 2.- M
' ' ' ' ' '.......................
.2,Xl,- in.= '1,- 193 1,93LISI 28:~ 351:000 47:2 1 4 6:4 W............................. _5,563 11'
3,1. 1'917
allee,bl. 1-1 T-l
.............................. i,w6.,Io N3.1. -1- 131,061 4-5,~ 1,2..- 130,052 7,-,IU 6,-.-1 2,17 "11wo .. ............................... - 1 7
6' ' - ' ''-,3N -.255 117- - 2561: 2 :
-2 1: ." M.,1 2
!15
71.- 1,!71
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2,- 310, 21.- lO,:
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1,-1.
121,.7M,567
1,-.,m 1112, 111
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-,-16 13 1
ne1:-
I~JVbl3 151 1 11 116 - 211
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:
11 -:2
672"
1 7:,
e"
:
. . ........................... I 0,051:.2
~I
9o32
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2,-67,~~"14,
,111 .1
-26I, .1
11
................................. lo
- "9" Z " 'W '
.1 1,027 .3 225,na 10.- -All1:92 1 : .:4'. u:z 11,131 l0:
e ...
:9. 71-
1 - .,11. 26 610
Z' ' 2' '
,17o
,
' - '121
,ll -
o'OOO &MOOO.............
...... ........... . . .
1,-
' '
131,3977.
I ~:I 1 li,-
1. 11 1 :410_,765 233,281.1,918
67,20
633
5:211607
'.:71~190 170
I,
"1
i :
71.. .. . .. - 21%: "
66 3,nS 67 43,467 ~11-,
4,- 1.,
1.11M
~
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21:
....................................
121 21:"3 14:21 2,110 21
7
1,-
7 7 711271:11
112 7331,1:413 2.
.................................
41 1. 2~1- 1,- 1':- .,~s'"
21 111
::j: .1 12,2. 1, 7
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........ .......
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2,607 =5,93, 92,457 63,341 21,.' 1,1 .1- 3
ODO1l'.91, .,017
.8101.
9192:-
,-1,131
21l-
el,_
142,8Q 75, l43 7,Z'1- $11-1000... ........
:1 4". 1.., 17. 3,07 2 N I 7 11 221 " "1 7 -000, . ..................... 27: 2f, :.
526:2
-1 111 -1 b.alth ae-I L-1 U..t b,eai -
1-1 ................................. iI,7V 1,217 - 1, '13 N2 elOl- ..7. I,34J,l. 1,31 1. 31, - 16"e2000 ~.................. IN .:042 27: 1-1,21............
:"Ile .11N, .7o9
' -4 U7 ':M
'1 21111 $2... ...........
000 O6113 614,- 598,4m 117:632
1.1: IN
21,M3 1,5.s,O 1. ................. ..
.'OOD u . . .. ...................i'm
I.N"gig73.1. 61:-.
i
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N
1,0~3l8e; i2,~3
31%.122,231
153,8031
-1.7. 2,71: N
. .................. 16 "1710, i ~ ~11 - 11 11 171 41 1.- 1 L- l'.8 2.....................................................
.411
:
,8,4
-1
193
:
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27:11 0
eat
i ................................. I
,
1
754.
l2,141 104. 41,173 j l9i-2 .,OlO,111 3.M.117 941,
$2.,000. ......................
a.
IIll
7,0
1
.,"3~3,-
483 119
. .
:,.
.....
. 671
l.9',
.3- N7...... 2. .',.3 3. 's'. .71
11,
2 1"
2 4141493116 2 3: 7 0 7:
2:
-1. .6....... :.. ., " 30' ".- 1,:117 7 .IN I ell 2,121 1, 317 11
IOU................. n '13 21 M A u - 1,311 2,733."8 403 NO 91,293...................... 1~:1
111 3111.2
.,'16 .-2'ad ............................ 21,~il
1z
$
I
~7:-;I-l . - ~ 'bat- If - Iet -ab- eIt - --ly (-- 4).
U. S. BUSMMS TAX RLTUMS, JULY 1957-JUNE 1958ACTIVE PARTNERSHIP~ WITH NLr PROFIT
Table 6.-~, " Sim or KU ~11,, by Immy
11
T-
ale
Utilities
R-1
(3) (5) (6) (7) (8) (9)
....... M335 9~395 MtM 40*170 130~ -DIN
" III _1
_
................................. 3711- 7`0- ',.7 20,6~1 u,- 131%3 lu'-*"000 ...............-- -M5 3e,851 2o- N,~I 16,633 120,2 0 19,- 97,236 3,NI
... ................... 71,311 e.,N - 6,173 7,- 25,1 . 9'0. ll,M I,-
... ...................... .3 10- 2,.9 231 "1. , I'm - 2,.'................ Ie 1. 1
*-,OOU I. .. ............................ 1, 17
9
6 .
'1 3
l
st.. P.fit:1. =11m
a- I
U2) (lo
(IQ
(i') (io (17) (1-) (ig) (2-2) (Z)
T-1 ................................. im,cm io,~ .,- mlo, 13,w "- 9,176 ~3o787 !50739 ip- 5~w 2*w wo-$ll= ................................ ~8,691 1,- 14,000 6,706 3,Illd 4,111 1,2% 2,0N 1,718 '73 w, M ".,
$I,- a. .DOO........................
_,
lO'.3 "0.
"
_
1,,- 7.167 1,- 1,132 l i'm 3.$20,- $300 000......
** *--,
-
1
l12 3,- 392 .7 1 - "m 2 01MOOD SzII. . ......................
10 -
,
4,473 3,178
, ~
m.- a.. COO .....................
$-,000 ...............
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8%1aNllr-L96TAW'SXUfLMXVISSMSnff,.*STlK
16 U S. BUSINESS TAX.RFrUBNS,,JULY 1957-JUNE 1958ACTIVE CORPORATIONS
T"Ie S-10IMMATIM UTDIDIS BY sm or =AI. ASSETS: BIRCIER, 'BUSMESS WEIM, GBMS PROIFIT, AND DEFICIT, BY nMDEYy-j-I
BETIBBS WTEDDT SET I.-
I.. .......................... "M.w I"M'- 1487,13. -'.S........................ 933 2.258,163 33,- 1,~ 12 1.-,$.,. ..............
.. .................w 'CC0 u.'OD0 ...............
I,-"
' '133 11,75B o"1,- 117.- ~11- 16,- llor . IS,- X.-
:&2$D'000 M .. ............... I. : x 9,M,I~ .11", - 11,780 "'. -I.:~ .,- .,M
s-'= SI'DD0 ................ 9,693 1 1 11 1 11 11,M 11,045 578"000
1 - ...... '
: : 1:~4 i'm ia
$5:m ..DDD
2: W "W:~ 111,137 13 ~,282 2,185 3.886 SE 19 - m000
,VoI .0D0$01=1 ODD ..........
I, `4Dw 112
, .7 - 16 '~.7~C' 12 61, :
$..... ....... M 2 f 1 131 9 l Imooo,ooo u.,=.=...... 3:-.:l.
-i~-1
j 3
:
"j
:t
",38 :1.,1132 Im"911
:4 .
1
=9............................. IS,- 1 2,00,888 169,- 6,1. ' .3 7 .7
I.. ............................
1$21.. ......................... 91~ -,I" ."x IlIx 11 171M"
1,- -,.7 D.-rl - 1 - 381,- 1,-:1 :
.4 675 171 - ~ .l 2 .' - .3 ~5,.3 9..':
-
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21.-...M
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. ................
uw:- 3,- 67, Ml~s B3,6W M-
--U .... .............. I.,= ~1,- 1123 1 'I 2,121,1 1. 31B.925$1 000.- u.... ...........w:= 000 0,000,= ........... 62
~,MO2`01-
31,8%U,-
:4. 39: 787
:"1"
3 " SO,z!"2: 001 11 595
M--,119
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s, oco:- &W.66o'coo ........... "m'- ~~3
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$25,-,000 .......... 7 1. I.w I.- "o zl-~"w
.......... J.DID.- ... .. ......... 1.,.2 .7 -:9 11
ID00 oco .. .......................
127r,231 So'-
2D:781
-1. ............................. 21'.; 9'.; 31-
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...................... 4l'-, 9,
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:-
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21.:" '.: -- T'$21.=. . .......... w'- 9~d~ 9,- MM -1.- .1 7.-
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2,-:0D0'- uw .... .........
. . ........2.: :- =!': ... : ...........
2
-~,935
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: 22
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1 171.:.o
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.............................. Ml- M- 191- -'.1 1- 29,.~
$
$1"-
ACTIVE CORPORATIONS
. U. S. BUSINESS TAX RM`UIWS, JULY. 1957-JUNE 1958
Tabl~ 9-SIQUIES, OF ~MS, BY SIZE 01 IIET IM.M .. DEFICIT, BY IMSTRY
17
"-;7
SET 7I.. ............................................. M.- 6,.l I'm nl- 071- 22,- Iw,- 48,872
$1. . ............................................- W .. .....................
-4.~..2
2,MIS.
Il.-1.
x 2.
1D ~2 -
".22428,07
9"-~%- 1 9.
2,071311
uo,= $1 .. .................... 47 - 2,071 6,' 'm 16 X7 14,W5
.,
M:
3, 5,En'~
422 1.9842 111
5,3801 -
"-
1 11
:.OX
11 119,3231 21
2 .1:51
W
7 911' 6"
:
31
: :
-
1':
147
12:
"1 1,25.2
............
:2~11,7M
2.1.
1, 1.111.
6,11,1.981 11
6,
1.,~9
"
1'- M~722
. ......... ......U.",. .............. ~12 1%~
w CDC'CCC 451~1-. ......... .........
' '
11 .8 261I'll
Ij
11 11WI-1-1 ..... 1 2 1. 28 1. 1
ODD .......W: 7~ '2 11 1,......... ....................... 33 a
. .............. ......................... M7*al ..j ams I..-
I,..................... ...... *::::::::::::::::: 217 3'., 24,- 21,- 10:
.2 1.-- UC .. ..................
: .................I. 0W ul'~ ... ..............1
F-9~4. .f:122
M7:~127
1,ISW2
17,4127.-
7:"3,181 1 W
1.M
$21,- 1 -717
1"1 .8 41~
~,121
I1,-
71
t2l:~ 1,1:712
-~30311 I.=
'0`1
2:-m2SE 1.71
1-192.11
-1'.,171 12
........... ...................$I.,= u. 3,. , 83 ~,350 I,~n
- ~87:
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3 2211 117 71 In
19I" I"
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7 3'
'
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1
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2 1 1
7).
Returns and,Schedules
Used
See Sources of the data forexplanation of items checked onthe return and schedule forms.
20
SSHEDULEC(rorm 1040)
U. S. BUSINESS TAX RErURNS, JULY 1957-JUNE 1958
SOLE PROPRIETORSHIP
U. S. T-an,ary Dalp-mumt-lintrucal Rsearn.a. Stiesica,
PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION(Fror Compulatiolsof Self-Employment Tax, see Page 3) 1957
1Attach this schedule to your Income Tax Return, Farm 1040 - Partnerships, Joint Ventures, Etc. must File 0. Far- 106i
7.gFor Calendar Year 1957, or otLer taxa.bl! I beginning 1957, and ending _19i-me a-
orIL40
A. Principal business activity: ................(~. int.-t-, P ... 2) W;C. _k. -------- ------------- ------ c_-Q- t -------------
13. Business name: ..........
C. Business rldchents: ............. ------_-------------- -------------_ ........... ------ ------ .............(N.nnod, and atneni-v- (01y .1 (St-)
0 IMPORTANT-14 you had more than one business, a separate page I of Schedule C must be completed for each business.- - -
I*Total receipts ............. _ less allowances, rebates, and returns $ -------- 1i -------- V..........
.'Inventory at beginning at year . ........................................... ........
3. Merchandise purchased $.-.......__ ..............._ less any items withdrawn frombusiness for personal use $................ I................ I .
4. Cost of labor (do not include salary paid to yourself).. ................. ......Material anti supplies ............................... ......... _Other costs (explain in Schedule C-2) .....................................
7'Total of lines 2 through 6 ...............................................
8. Inventory at slid of year ...................................................$ ---------
9. Cast of goods sold (line 7 less line 8) ............................................ .......... .10. Grods profit (line I less line 9) ........ .................................................. .. S----_-----_-------------
OTHER BUSINESS DEDUCTIONS11. Salaries and wages not included on line 4 (do not include any paid to yourself).,
12. Rent on business property ....
-- .......... * ... .... .. * ... .. ...... * '' *.3. Interest on business indebtedness ............................................14. Taxes on business and business property ............................. .......15. Lzeses of business property (attach statement) ...............................
"IBad debts crising from sales or services ...................... I ...... .....
.I. Depreciation (explain in Schedule C-1) .............. I ............. I ..... .18. Repairs (explain in Schedule C-2) ................. : ........................19* Depletion of mines, oil and gas wells, limber, etc. (attach schedule) ............20. Amorhaottion (attach statement) ...................*~ ... ... I ....... I ... ~ I ... 121. Other business expenses (explain in S
.chodular, C-2) ..........................
S........................
------------------------
22. Total of lines I I through 21 ............................................................23. Not profit (or loods) (line 10 less line 22). Enterhers: on line24, pace 3: andon line 8, Page l. Form 1040.. Is
Schedule C71- EXPLANATION 0s' DED.CTION ran DEPRECIAT1.11 C~AINEV 0. LINE 17I. Kind of property (it d,nidings, late nn,letmlh."at "a" 'yor hiln tattoos no and.onson, 1. -IV
2. Data.0-rd1 3 Coal,,nine, -i,l 1,'adt IrXn' 7. Notarial-to ..able)no, 0 ... I to, to. Y.,
-------- $................ _ $ ........... ------ ---------- .....-------- ----- -------------------------------- .......... ...........-------------- ------------- .. ........................ ...... --------------------
--------------------------------------------------------------------
----------------_---_ ................ ....... ----------- ----- -------------- ------------------------
.......................... .................... .......I-------------------------- .......... ..... --- --------------- --------- ------------
'is. E.Pl-tin Asennn Lt.. No .Puralm sentorit............ ....................................
------------ -------------------------------------------------------- -------------------_-- _---------- --
1* ....... .....
.........
-------------------- * ------------------ ........................ _------------
.. -------
------------..... I......-------__
----------_-----------_----------
------------- I ----------------------------------.... _--------------------- -------------- --------------------- -----------------_-
......................
-------------------------
------ -------------------- .............
U, S. BUSINESS TAX MUMS, JULY 1957-JUNE 1%8
SOLE PROPRIETORSHIPCOMPUTATION OT 9ELr4MWLOTFAE?iT TAX
puts I
,7t.~-caxwPa-t-xch-du1o. See Instructions, ptagra 4. far joint raterearstervel partnerships.1. Each relf-amplayod linarea-ten.0. If you had emagrear of $4,200 which warded subject to the deduction for social maturity, do not fill in this page.1. If you hava, narso than a.. business. - separate P= 1, Schedule C, must be completed for each business. However, only
P.9.3 is to be completed mid filed showing as combined net profit orlassfearestruch businesses.NAME Or S=-EMPL,Oy= ITINSON (as shown on social security card)
STATE EACH BUSINESS, ACTIVITY SUBIECT TO SEL,P-EMPL,OYMENY TAX (1--nul.: R-1-a.l. B.ndl.. C.1-1- b.l..t
Units24. NetZofit (or loard).h.- a line 23
, page 1 (Enter combined -..at if ancre thanabusiness)..................................................................
Z5. Add to net proll (orsubtract train net I-) Imes of business property shown on line 15,
-9 . I ..... * ................ * ........ ... * ........................ -- -
$ ...........
a.. Total (or difference) .......................................................................... ......
27. Nat income (or loss) from excluded services or sources included on line 26 ..................................Specify excluded services or sources ............................................. ........A ............... ..... .......
Ill. Net wrinings (or I=) from self-employment-(a) From business (line 26 less any amount an line 27) .. ............. .............................b) From partnerships, joint ventures, etc. (other than farming).. .........................................
~c) Fromservice a.
- minister, member of a religious order, or a Christian Science practitioner ...............Enter only if you elect Social Security coverage by filing Form 2031 (see instructions, page 4).
(d) From farming reported art line 12 or 13, separate Schedule F (Form 1040) ...............................
21. Total net earnings (or loss) from Kelf-employment reported on line 28 .............. .......................(If line 29 in undo, $400. you card not subject to onalf-employcluent tax. Do not fill in rest of page.)
20. Maximum amount subject to self~employmenl tax ....................................31. Losses: Total wages, subject to deduction far social security, Paid to you during thetaxable year. (For wage, reported on Form W-2. see -F. 1. C. A. Wages" box.) ....
1 4,200
S~ ..................
$.............. ....
S
00
32. Balance aim 30 less line 31) ....................................................33. Self-erriployment incoms-line 29 or 32, whichever is mailer .................................... ........
t 3ygc/, of the amount on line 33. (You can do this by multiplying the amount on14. S*1 mp1o ,n$.
~ n 33 7 .,e 3g.) Enter this amount hem and on line 15, page 1, Form 1040. ......................... IS
l~RTANT~l~ IN ITEM Reanissavar =1411,11.11ITIRLY 2117T " NOT to Aras
SCBEEIU. S. REPORT OF SELF-EMPLOYMENT INCOMEIs10 For Crediting to Your Social Security Account
in~~_.. h_ythir, nat- (ne t_hn.o`h_,I.vn- ~_.. -ei-I ostly In -1 of0C.Ionvi-re-1957 [DOth.1t ... Me vs., -------If In. Ihn. 12 -hr, ..a at year d.. 1. In) L_J Do.1h. n, (b) 0 Ch-do I. i;.o
F 10 0 Other.- _1i7VSiNiiS ACTIVITIES SUBJECT TO SELF~E.PLOYMENT TAX (G-v Sn- Ronsouna.4 etc.)2.
3. BUSINESS ADDRESS (N-1,ee ..d Street. City .,T.- Proof Zone N-bee. Sot.)
SOCIAL SECURITY ACCOUNT NUMBE3,OF PMRSON NAMED IN ITEM I BELOWI PRIM 02 TYPE NAME OF SELF-EMPLOYED PERSON AS SHOWN ON SOCIAL SECURITY CAR]D
PRIM OR TYPE HOME "UsEStS (N..),oe onns Se,eal or R- R-)
(are . Poor ad~, Pontnol Erne lo-, Snow)
1957PLEASE DO NOT WRITE IN THIS SPACE
ENTER, TOTAL EARN.INGS FROM SELF-EM.6.PLOYMENT SHOWNON LINE 29 ABOVE ...
ERTU WAGES. IF?.ANY. SH WN ONLINE I ABOVE ....... SENTER, AMOUNTSHOWN ON LI 33ABOVE .............. $
21
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE M2
SCHEDULE T(1- 1040)
SOLE PROPRIETORSHIPTreasury Dportane -inte-al Rssenus, Service
"'s. "tSCHEDULE OF FARM INCOME AND EXPENSES(I'm computation of Sell-EmPleirment Tos. ses page 4)Attach this schedule to your Income Tax Rhan, F.- 1040
Far Calendar Y.- 1957, a, oth., Losable year beginningName and Address as; shown an page 1, Form 1040
19571957. -8 ending iss
F"M 11W rOR TAXAZZJC IFICIRIOD On TRIED CAS13 RECEWTS A1130, DUB~" INSEPIMMOID~.I_~ef H--.h htad ~ anft'='sd= st,,hed.1w D (r_ as)).
R.- eWtssf U.-sok PPUosIt&t,)I. SALE OF LIvESTOCK RAISED 2. SALE OF PRODUCE ISIED 3. OTHER FARM INCOME
Kind Q...tuyst
A- um ... Ifty ...t ... stunt
Grain .......... -------- S------------------ dee. rec'd for produce ..... ------ ------------------- - ---- ---- ---------- ---------------- --- ----------------- achine work ............. ------------------Hmsas. . .
... - - - --------- ------------------- otton ---------- --------- ------------ ------ reeding fees .............. . ------ -----
M.1as--------- ---------- -------------------- obacco ........ -------- -----------_----- ood and lumber ---------- -----------------
Sheop --------- ---------- ---------- --------- egetables ...... ......... ... --------------- ther forest products ....... ......... --------Swine --------- ---------- -------------------- ruits and nuts --- --------- __ -------- ----- gricultural program pay.Chickans.... - - __-_ ---------- ------- airy products. . - --------- ------------------ ma's ...........
TurksIS - - ----- ---------- ------------------- ggs ----- ------ --------- ------------------- atronage dividends, rebatesDucim...... . - - __-_ ------------------ ont products - - - --------- ------------------ rmfunds.. ............. ... --------------
B............ .......... .......... oultry, dre ..d - - --------- ----------------- ther (specify):Other (Specify): Wacl........... - - --------- ------------------------------------- ----------------------------- --------
---------- -----------------
oney .......... ..- ---- ----------------- ------------------------------------- ----------------------- ---------- ------ ----- - trup and Sugar - --- ----- ------------ ..... ----------- --------------- ------- -----------------
------ ------------------ --------
----- -------------
-------------- --
------------------
ther Wscify):
--- -------- ------------------
-----------------------------------
---------- ----------------------
------- ------------------
-------------------Total ......
-------......... -----------
---- :. - -Total .......
-------- ------ -------
--------------------------------Total ........... . ....
,---------- ------
U.tf.-., twk .I. isE 3 duststey b,I-)
1. Dompfi.n b.D1I'1a11- cr-ts"ItePlits
----- --------------------------------- --------------------- I------------------ 1$---------------------- ----- - --------- --------------------- -------- ------------------------- --- ----- ------------- ------- - ----------------------------------------------- --- ----------- --- -------------------------------------------------- ----------- --- --------- ----------------I- --------------------------------- --------------------- --------- --------------------------------------- - ---------- I------------------
---------------- ---------- --------- ------------------------- I------------------------- ----------------------------- -------------_---- --------- ------- -----------
-------- -----------------_- ------- ------- - ----- -------------- ------------------------------------------------------------- ----------
--
- --- ----------------- ------------ ---------------- - ----------- ------------- ---
~Total (enter an line 4 of au a bel. .......... ................_ hel .... -... ...".,
------------------------------- - ----------- ------------------------- --------------------------------------------------------------------
----- ---------------
~.. ... .. ..
--------------------------------------------- --------------------------------------------------------------------------------------
-----------------------------
$
STIMMUMILKIRT 01r MCOM A~ IDIVEJUM-Ras C051PUIRCID as IT11C ALIFID DISOV~ KCR13oD
1. Sale of livestock raised ...............2. Sale of produce raised ...............3. Other to= income - - ................4. Profit (or loss) on sale of purchased live,S. Stock and other purchased item.....
Gran Profits .............. ---
4. SALE OF PURCHASED LIVESTOCK AND OTHER PURCHASED ITEMS
.... ii~/'---------------
-------
$
-------------
6. F4 aparass (from page 2) .........7. Vprecl.titm (from Page 3) ..........x-er farm deductions (Specify):
--- -- --- --------_----------------------....
9. Total Dsducti.re ..............
$ -------------- -----
$
10. Net farm profit (or low) Gine 5 minus line 9) to be reported an line 9, page 1, Form 1040. ................ 1$U. ihts ...t fr pu.l csa,~ ot -u-- --,nv f,vts H-P~~- (Sss 1- 13. ev. 4.)
"Rm 1065In. -1Is, xes~
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1968
U. S. PARTNERSHIP RETURN OF INCOME(To Be Filed Also by 9yoftsta, Pool,, John Ventures, Etc.)FOR CALENDAR YEAR 1957or other tattabl.
year, b-91-dow 1957, and anding
N-
N-b...dS-t
PLEASE TYPE OR PRINT PLAINLY
CRY, Icsn, rosiol saw, mesb-ty, St-
1957In spins, belest
Limad GROSS INCOPAMMem,fia M..I . Gross receipt. ............................................................................ ---_------------------2. Las: Returns, allowances, etc ..............................................................[_3. Inventory at beginning of year.. ............................................................. J$___ --------------4. Merchandise purchased .....................................................................S. Cost of labor (do not include salaries paid to part".) .........................................6. Material and Supplies .....................................................................7. Other -St. (Attach schdl.) ...............................................................8. Total of lines 3 through 7. ........................................... _ ..............S. Inventory at end of year ....................................................................
10. Cost of goods Sold Ohm 8 less line 9) ............. ............ I ..............................11. Grata profit Oine 21ess; line 10) ..............................................................
12. Salaries and wages (do riot include ornounts repoerted In line S or paid to partners) .................13. Payments to partners-salarles and Interest ...................................................
:14.'IZent ...... ...............~** ..........
13. Interest (Schedule E)..... ...... : ...........................................................16. Taxes (Schedule G) ..........................................................................17, Losses, by fire, Store, shipwreck, or other casualty or theft (Attach statarmstrit) ....................18. Bad debts (Schedule M .....................................................................19. R.P.Irs. ~ .................................................................................20. Depreciation (Schedule I) ...................................................................
21. Amortination (Attach whedule) .............................................................22. Depletion of mines, oil and gas wells, timber, etc. (Attach schedule) ............................23. Other deductions cuthorbed by low (Schedule J) ........... .......__............ .........
....................
$_.. . ...................---------_----------_---
........ ------------------
24. Total deductions Ofars 12 through 23) ................................ .....................................2S. Net profit for Ioss) Oine I I lea line 24) ............................................................................
022= 11110031111:26. Net farm profit (m loss) (Schedule F, Foron 1040) ................................................................... .... ..............27. Income (or loss) it= other partnerships, syndioates, etc. (Attach tDt.-.t) ......................................... ............. ..........28. Nonqualifying dividends (See Instruction 28) ..................................................................... .----------29. Interest (fully tasabl.) ..................................................................................3). Rents and royalties (Schedule B) ............................................................................. ..31. Hot gain for Ioss) from Role or exchange of property other than capital assets (from line 12, Separate Schedule D, Form 1065).32. Other Income (Schedule Q ..........................................................................33. Ordinary income (or loc) (Tct.1 of lines 25 through 32) ..... ........ .- ................................34. Net balance (plus items less minus item) of item shown_~T~taly in columms 5--14-of Schedule K........
SIGNATURE AND VERMCATIONI declare under the penalties of perjury that flits return (Zu Day DoCCRePOnying schedules and Statements) has been examined by me, and
to the beat of my knowledge and belief Is a true, correct, and to..
(Signature o 1pariner m sumb") (Do,.)I declare under the penalties of that I Prepared this return for the person(s) named herein: and that this return (inaturfing any accompanyinge-h-d-lov and -ttermmt.) is, to the =7my knowledge and belief, a true. correct, and complete return based on all the information relating to thematters required to be reportedin this return of which I have knowledge.
.................-- -----------------------i;I;~--------------------------
I Tabulated as not profit for finance, insurance, real estate.
24 U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
rom 1120 U. S. CORPORATION INCOME TAX RETURNFOR CALMMAR YEAR I=
or other tai-ablas year beginning ........................... __ .................. 1957,and ending 195
1957Do ml arrb In III= bdw-
PLEASE TYPE OR PRINT PLAHEY_
Ilesse
Qty er t".. -1y. State
A. Date Incorporated . .....................
N. Place Incerponstad . ............. ................................
C. Business group code number and principal business activity(Son page 8 of Instructions)
.................................. I— .................. I.............................
11-111d fh, - -If,, I any time during the taxable yea, own 50
~
_m g~aro of the _tinI, of is darearti,
rpouanm? . .............q.M................. 0
Y. 0 No
any me dT~qDid an, Is, ti-,aindwid-1, partnership. trust. a, .-I.ti.n .1Vif le, I so bl.
'or ownor more of the corporation's v-lin, et-X?.77'.. 0 Yes, 0 NoIf either answer is "Yea," attach separate Schedule showing:(
I ~ ~:.. and add,.-.(2'caritagis of stock owned:
(3) date stock ... -qW,ed; and(4) the District D-tor*3 office in which the income tax return
Ifsuch corporation, individual, pil-trim-ship, trust, or associationfor the last I ..ble year was I ed.
IL If corporation is Q COOPOTOliVe association. check whether;(1) 0 larmers* marketing or a farmers' punehisaing cooperative
association,B I miumers' cooperative aerociaticn, ora
"her cooperative association.
r. Check if taxpayer is a sale proprietorship 0 or partnership 0 elect.ing under section 1361 to be foxed as . Corporation.
is in I the R0. Did the corporation, during the taxable year, have any Contracts orubmntmc biect a is enegoliation Act of
1951? ........
.......... ...... I ... 0 Y.. C] No
It onswer is "Ye""a""
the"*
9qneqrdeg- dollar
amount bill7rdu'ritn, th'. I .. bl.yea. under all ..h contracts and/or subcontracts.(See
frafiructimiG-(4)) ................. 6
ff. Did the carT allon nitriany tireI Y nduring the taxable yew own ch=,or in rectly also, a a I orm gn corpa-
If -wera
aIt.ch statement or r equ ired byInst-tion K.
1. Enter wrourit of income (or deficit) from:(of line 32. Page 3, Form 1120, 1955 .... S ...... ....... ---------_--fis) line 32, page 3, Form 1120, 1956. . .. .........
1. fir (his a consolidated return of an affiliated groupof .rpI,.ti..a? (See Instruction 1). ............. OYeii ONo11n_er is "Yes," Form 1122 must becitached for
riech subsidiary.K. Is taxpayera personal 1,old!ng comPonY? ........... [3 Yes D NoIf
ans,e is "Yes." Schedule 1120 PH must be attached.r '1. Did the corporation make a return of information on F-ma 1096 and
..b~lrdc1099 for alandar Year 1957 in mrinact,on Itb:To vid..dz ............ Byes 0 No(See gy-la ..............Other Yes D No
I Metion G-0).)N. 1. trany., . resident fisraig.. corporation?
(S,,a Instruction H) .............................. [I Yes 0 No
FIM IN REMAINDER OF THIS PAGE AFTER COMPLETING PAGES 2 AND 3
10- Enter amounts shown on Pane 2. if one write *'None": line 1, S....... _ _............ line 4, S ......................... line 15, S... . .............COMPUTATION or TAX DUE OR REFUND
1. Total income to. (line 50, page 3) .............................................. ........................
L Credits for amounts paid on 1957 incerne lax:
A. Tax paid with application for extension of time in which to file .. .............. S .........................B. Payments arid credits on 1957 Declaration of &[treated Tax ..................1~
3.If
to. (line 1) is large, the. payments (line 2), the balance is TAX DUE, Enter each balance here ---------ii.
4. 11 payments Oine 2) are larger than lax (line 1) .................Enter the OVERPAYMENT be,.,L Enter amount of line 4 you want: Cmdjted on 1958 .,(I..Id I...... $..............................
Refunded ....................... $_
$...........................
SIGNATURE AND VERIFICATION (Sea Irut-cfi.. E)
Ideclare under the penalties of perjury that this return (including any accompanyincl schedules and statements) has been examined by me
and to the best of my knowledge and beliel is a true, Correct. and complete return.
. ....... ...is ..1. vi .11,-0
.........................CORPORA E
SEAL
I declare under the penalties of perjury that I prepared this return for the taxpayer named harem; and that thi. return (including any accom.
2nying ached.lea and statements) is, to the best of my knowledge and belief, a true, cwect, and Complete return be" an all the informal=
tingto
the matters required to be reported in this return of which I have any knowledge.
........ -------- ........... ..............I .... ........ .............. --- - - - ---- -- ---
rOR111 1120
I
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
Frivar, IIZO-ISS7 T=ACLU INCONX C07.1PUTATION
GROSS INCOME
1. Gross sale, (whe inventories Less: Per.-, adwe an income-datermining factor) S........................; allo-ness, .
...................
2. 1-.: Cast of good, sold (Seh,-d.l. A) ~ ............................................
3. Gross profit from sales.. ... .......................................................
4. Grors reccipla (where inventories are not an income-determiningIsict.0 ..................................................
L Less: Cost of operations (Schedule B) .......................
5 ..........v/___
6. Gross profit where inventories we not an inecome-distermining factor.....................
7. Dividends (Schedule Q............................................................
8. Interest on Icans, notes, mortgages, bonds, bank deposits, etc.............. - ... L .... I .
9. Interest on Corporation bonds, etc. ..................
10. Interest on obligations of the United States, ric.:(of I.-ed prior to March 1, 194 ]-(1) U.S. savings
b3nd,_`dTrco,,Ty bndsown,d inexcessof theP-cip,s)=nt of $5,000, and (2).obligationsof an
'nat tality of the U.S. _ . ...
........
(b) Obliqations issued on or after March 1, 1941, bythe U. S. or any agency a, instrumental ty thereof.
G- a.s.rl .1i.t."t
S ......................
I,,,: A.11-bi.B..d Nan-
$......................
11. Rents .............................:- ......... * ......
12. Royalties. . .......................................................................
13. Gains and IDsses (from separate Schedule D):
(a) Net short term capital gain reduced by any not long-term capitol loss. ...............lb) Not lonq-~:rrn capital gain reduced by any net short-term capital loss. ...............(c) Not gain r loss) from sole or exchange of property other than capital assets .........
14. Other income (itemize):
.......... ............-1 - .......................................
I.......... V/ ............
-1V.................
..............................................
..............................
IS. Total income in lines 3, and 6 to 14, inclusive .........................................................
DEDUCTIONS
16. Compensation of officers (Schedule E) ................................................
17. Salaries and wages (not deducted elsewhere) .........................................
18. Rents ............................................................................
19. Repairs (Do not Include cost of improvements or capital expenditures) ....................
20. Bad debts (Schedule F) ............................................................
21. Interest ..........................................................................
22. T...a (Schd.le G) ................................................................
23. Contributions or gifts paid (Schedule H).. ............................................
24. 1- by fir., form, shipwreck, or other casually, or theft (Attach schedule) .............
$..............................
...............................
...............................
.......................... I ...
...............................
...............I...............
I...............
..........-- .................
.......... ........ .......
25
Page 2
i
~ ~ 1AA nbl uraNb, J U1,1 i9bi -J LINE 1968
23. Amortization iSchedule D ...........................................................
26. Depreciation (Schedule n ..........................................................
27. Depletion of mines, oil c.nd gas wells, timber, etc. (Attach schedule) .....................
n. Advertising (Attach schedule) .......................................................
29. Amounts contributed under:
(a) Pension, annuity, stock bonus, or prolit.sharing plans (Attach schedule) ..............
(h) Other employee berielit plans (Attach schedule) ...................................
..........:----------- ------
30. Other deductions (Schedule K) ...................................................... 1
31. Total deductions in lines 16 to 30, Inclualve ...........................................................
3L Tixxoble income before not operating Ioss deduction and special ddu.tio ......................................
33. Less: Net operating lwu deduction (Attach schedule) ........ ............................................
34. Taxable income before special deductions.. ................................................................
SPECIAL DEDUCTIONS
3L Deduction far partially tax-ex,srept interest (not amount entered on line 10 W) ............ ........... .........
36. Dividonds-reestived deductions:(a) 85% of column 2, Schedule C ............................W 62.1 IS % of ccilumn 3. Schedule C ........................(c) 85% of dividends received from certain foreign corporatimus..
$ ..............___ .........
............. .................
37. Total dividends-meeived deductions (mm of lines 36 (a), (b), and (c) but not to exceed 85mc-t of the excess of line 32 over the sum of lines 35 and 39) (See instructions in caseI net
operating loss) .............................................................
36. Dcduction for dividends paid on certain preferred stock of public utilities (See instructionsin ease of -1 operating I-) ......................................................
39. Deduction for Wastem Hemisphere trade corporations (See instructions in case of net oper.citing last) ......................................................................
40. Total special deductions ..................................................................................
$__ ----_------------ _
41. Line 34 less line 40 (Enter income or Ioes here and on line 42(b)). ............................................. 1$
Wa COMPUTATION FOR CALENDAR YEAR 19S7 AND TAXABLE YEARS ENDING ON OR BEFORE JUNE 30. 1958Far other taxable y.- tt.ch
Schedule 1120 FY (Seetw computation iristmetions)
4L to) Amount of line 35, $...------------------_ (b) plus amount of line 41, $. ............... . ............ Enter total here443. If amount of line 42 is:
W Net enne, U5,000-Enter 30 percent of line 42 (32 percent if a consolidated return) ........................................
(b) 0- $25,000--Enter 52 percent of line 42 (54 percent it a consolidated return). . ...... ........
Subtract $5,500, and enter difference .............. : .........................
44. Adjustment for partially tox-empt interest. Enter 30 percent of line 35, but not in excess of 30 percent of line 42,.45. Normal tax and UTtQX (line 43 less line 44).. ..............................................................
...........
46. Income lax (line 45, or line 20 of separate Schedule D) .................................
47. Cr,.dit )lowed a domestic corporation for income taxes paid to a foreign country or UnitedStates possession (submit Form 1118) ..... ........................................
48. Ealonco of income tax (line 46 ]am line 47) .................................................. .............. S .......... __ --------------49. Tax un,,iir section 541 of the Internal Revernis, Code (from Schedule 1120 PH). ................................ -50. T.tr,! ft-mLla. (]in, 48 plus line 49). E.1ter he,. and .. line 1, page I ... . ........... ...... .. _ .. _ Sroma I I * 957 page 3
U. S. BUSINESS TAX RETURNS, JULY 1957-JUNE 1958
Foriat 1120-IOS? Schedule L.-BALANCE SHEETS (See Inixtructimen)
ASSETS
1. Cash... ..............................................
L Note. and .-.at, ...;.,able .........................
(a) Less; Reserve for bad debts ........................
3. Inventories: (a) Other than last-in, first-t ..............(b) Latit-in, first-otit ........................
4. Prepaid expenses and supplies .........................S. ~.nvextmsnts in governmental obligations:
Obligations of a State. Territory. or a possession ofthe United States, or any political subdivision of anyof the foregoing, or of the District of Columbia ........
(b) Obligations of the United States and its inslrumentali.li................................................6.
Mortgage and real estate loans ........................7. Other investments (Attach schedule) ....................S. Buildings and other fixed depreciable assets .............
(a) Less: Accumulated amortization and depreciation. ....9. Depl.t.bl. assets .....................................
(a) Le- Accumulated depletion .......................
10. Land (net of any amortization).. .......................11. Intangible assets (ornortizable only), ....................
(a) Less: Accumulated amortization, ...................
JIL Oil.., asset. (Attach schedule) .........................
13. Total Assets ....................................
LIABILITIES AND CAPITAL
14. Accounts payable ................. ..................
Is. Deposits and withdrawable shams ......................
16. Bonds,'at"
and payable (nicit-i.9 less thanan. year fiant,
do,. .balance ithest) ..................
12. Accrued expenses Winch schedule) ....................
10. Bonds, notes, and mortgage, payable (maturing one yeara- more from do
toof balance sheet) ...................
19. Other liabilities (Attach schedule) ......................20. Capitol stock: (a) Preferred took ......................
W Common stock .......................21. Paid-in or capital surplus ..............................22. Surplus reserves (Attach schedule) ........... ..........23. Earned surplus end undivided profits .....24. Total Liabilities and Capitol .....................
B.ext, d T... bl. V-
A-4
$~ .......................
Isul I
$...... .........._
.......... ..............
.........................
-.......................
: ................
.......................
.........................
..........I..............
A-t
I.d .11 bu -,
$........................
T.w
27
Page 4
S.......................
7!
........................................................................-11i
Schedule M.-RECONCILIATION OF TAXABLE INCOME AND ANALYSIS OF EARNED SURPLUS AND UNDIVIDED PROFITS
1. Earned surplus and undivided
Profits at
end of preceding tax..
ble year (Schedule L) .........Z. Taxable income before net opemt.
ing loss deduction and specialdeductions (line 32, page 3)....
3. Nontaxable interest on:(a) Obligations of is State, Terri.
tory, or a possession of theUnited States,
a' "litical
subdivision of In, T ph. f.m.going, or of the District of Go~lurebt .
...... .......... ****(b)
Obl,q.tionsof the United Statesissued
onor before Sept. 1,
1917; .11 postal xavinq~ bonds. .
4. Other nontaxable income (Attach..h.d.1c) .....................
6. Chargex against surplus reservesdeducted from income in this re.turn (Attach schedule) ...........
6. Ad),s1,,.cntx [or tax purposes notrecorded an books (Ati.ch.chd-,,,s)
I ........................
7. Sundry credits to ecirried surplus(Attach schedule) .............
8. Tool at 1- 1 1. 7 ........
$............ . .........
9. Total distributions to stockholders charged to earnedsurplus during the taxable year:
W Cash ...........................................
(b) Stcck of the corporation ............................
W Other property ....................................
10. Contributions in excess of 5% limitation .................
31. Federal income and excess profits taxes.. ...............12. Income taxes of foreign countries or United States passes.
sions if claimed as a credit in whole or in part an line 47,page 3 ............................................
13. Insurance premiums paid on the life of any officer or one.
=.where the corporation is directly or .directly atary ..................................t ......
14. Unollowable interest incurred to purchase or carry tax.exempt interest obligations ..........................
15. Excess of capital losses over capital gains ...............
16. Additions to surplus reserves (Attach schedule) ...........
17. Other unallowable deductions (Attach schedule) .........
18. Adjustments for tax purposes not recorded on books (Attach.schedule) ... ......................................
19. Sundry debits to earned surplus (Attach schedule) ........
20. Total of lines 9 to 19. ...........................
21. Earned surplusand undivided profits at end of the taxableyear (Schedule Q (Line 8 Into line 20 of Schedule K ...
S..............
................
..................................................
.........................
...................... -
.........................
.........................
....................
.........................
. U. .. -...... Imerr- .11- 111. .--
