[Texas Cotton Industries Corporation Income and Declared Value Excess-Profits Tax Return: 1943] Page: 1 of 40
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Form 1120 UNITED STATES PageI
ITeary Reenuetment A DV LErrQ ~l'T A ~~
Internal RDeepuar viceCORPORATION INCOME AND DECLARED VALUE EXCESS-PROFITS TAX RETURN 19-4 3
1 For Calendar Year 1943
o r fiscal y ear b eg in n in g _ - , 1 9 4 3 , an d ending 1 9 4 4 C ...............---.-.- --- ....PRINT PLAINLY CORPORATION'S NAME AND ADDRESS
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(Name)
(Street and number)
(City or town) (State)Serial
No.
District-------------
(ashier's stamp)Kind of business: A Mnoft
Cash Check M. 0.
Iy First Payment
Business group serial number (from Instruebpn _) 297$---------------------NORMAL-TAX NET INCOME COMPUTATION
Item and GOSICM
Instruction No. GROSS INCOME
1. Gross sales (where inventories are Less: Returns and
an income-determining factor)- ----------- $; allowances--------$
2. Less: Cost of goods sold. (From Schedule A)_----------_-_
3. Gross profit from sales-__---
4. Gross receipts (where inventories are not an income-determining factor)_- $
5. Less: Cost of operations. (From Schidule B)
6. Gross profit where. inventories are not an income-determining factor
7. Interest on loans, notes, mortgages, bonds, bank deposits, etc
Less: Amortizable
Bond Premium$ f2-L-
- - 6
s 69-L
T9Interest on corporation bonds, etc- ---------------------------$-------------- $
(a) Interest on United States savings bonds and Treasury bonds owned in excess
of the principal amount of $5,000 issued prior to March 1, 1941. (From Schedule
M, line 15 (a) (2) (iii)).----------------------------------------------
(b) Interest on Treasury notes issued on or after December 1, 1940, and obligations
issued on or after March 1, 1941, by the United States or any agency or instru-
mentality thereof. (Submit schedule)------------------------------------------------------------------------------
Rents _6 -------- ------- ------- ---------------2
(a) Net gain from sale or exchange of capital assets. (From Schedule C)............................................
(b) Net gain (or loss) from sale or exchange of property other than capital assets. (From Schedule D)
Divid~fds. (From Schedule E)-
Other4zeeme. (State nature) ------------------ - -
Total income in items 3, and 6 to 14, inclusive------------------------------------------------
DEDUCTIONS
Compensation of officers. (From Schedule F)-$-----------------------------------------------$- ------
Salaries and wages (not deducted elsewhere)--------------------------------------------------------------------
Bad debts. (From ScheduleC)..................................
Interest.. -------------------------------------------------------------------------- - ----- 9W-
Taxes. (From Schedule H) (Deduct declared value excess-profits tax as item 34)-----------------------O2__
Deptreiaution.s (romifscheiduleFrom)--------- ---------------------------------------------------------- ----------------------
Contributions or gifts paid. (From Schedule I)-
Losses by fire, storm, shipwreck, or other casualty, or theft. (Submit schedule)
D epreciation. (From Schedule J) ------------------------------------------- ---- I - --
Depletion of mines, oil and gas wells, timber, etc. (Submit schedule)-------------------
Net operating loss deduction. (Submit statement)--
Amortization of emergency facilities. (Submit schedule)
Other deductions authorized by law. (From Schedule K)----------------------------------------------------
Total deductions in items 16 to 29, inclusive-.
Net income for declared value excess-profits tax computation (item 15 minus item 30)------------------------------------$___ ...--- -
Add: Interest on obligations of certain instrumentalities of the United States issued prior to March 1, 1941. (From
Schedule M, line 15 (a) (3) (ii))----------- $----------------Less amortizable bond premiums, $---- -----------------------
Total of lines 31 and 32__-------------------------------------------------------------------------------------- $
Less: Declared value excess-profits tax---------------------------------------------------------------------------
Net income-----------------------------------------------------------------------------------------------------$---13
Less: Interest on certain obligations of the United States and its instrumentalities issued prior to March 1, 1941. (Enter
total of lies 9 (a) and 32)---------------------------------------------------------------------- ------------------
Adjusted net income--------------------------------------------------------------------------------------------$- 4.3--
Less: Income subject to excess profits tax. (From Form 1121) - ..i r____-----$-
Dividends received credit (85 percent of column 2, Schedule E, but not in excess of 85
percent of item 37 minus item 38, above).--------------------------------------------------- ---------------_------
Normal-tax net income----- -----------------------------------------------------------------------------------TOTAL INCOME AND DECLARED VALUE EXCESS-PROFITS TAXES ________
41. Total income tax (line 28 or 50, page 2, whichever is applicable) ------------------------------------------------- -----
42. Less: Credit for income taxes paid to a foreign country or United Stites possession allowed
a domestic corporation------------------------------------------------------------------ -------
43. Balance of income tax - - - --..__:..- -.._ _-.. - - - -- ---- ----
44. Total declared value excess-profits tax (line 8, page 2)-------------------------------------------- - -----------
45. Total income and declared value excess-profits taxes due-----..-.--..------------------------------------------------------56-
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$---- - - e----- ------AFFIDAVIT. (See Inberuction E) '
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 says that this return (including any accompanying
schedules and statements) 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 taxable year stated, pursuant to the Internal Revenue Code and the regulations issued thereunder.
Subscribed and sworn to before me this -----------day of---------_--_ ----, 194-. .-ot
NOTARIAL CORPORATE
SEAL---.-_.------------- .... ----------------------.--------SEAL - . ------ ----- -- --
(Signature of officer administering oath) _ (Title) (Treasurer, Assistant Treasurer, or Chief Accounting Officer)
(State title)
AFFIDAVIT. (See Instruction E)
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 tax liability of the person for whom this return has been prepared
of which I/we have any knowledge.
Subscribed and sworn to before me this-------day of.---.--------------, 194.....-- ----------------- -
(Signature of person preparing the return)NOTARIAL
SEAL ---- --- -- - -- -- ----- - -----------_
(Signature of officer administering oath) (Title)
16-35084-1(Signature of person preparing the return)
-----------y------------------------------------------
(Name of firm or employer, if any)3-
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Texas Cotton Industries. [Texas Cotton Industries Corporation Income and Declared Value Excess-Profits Tax Return: 1943], report, January 31, 1944; (https://texashistory.unt.edu/ark:/67531/metapth1292029/m1/1/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Rosenberg Library.