L22667
DEC 5- 1882

INTERNAL REVENUE BULLETIN SERVICE

The Internal Revenue Bulletin service for 1942 will consist of
weekly bulletins and semiannual cumulative bulletins.

The weekly bulletins will contain the rulings and decisions to
be made public and all Treasury Department decisions (known
as Treasury decisions) pertaining to Internal Revenue matters.
The semiannual cumulative bulletins will contain all rulings and
decisions (including Treasury decisions) published during the
previous six months.

The complete Bulletin service may be obtained, on a subscrip-

tion basis, from the Superintendent of Documents, Government

Printing Office, Washington, D. C., for $3 per year. Single
copies of the weekly Bulletin, 5 cents each.

New subscribers and others desiring to obtain the 1919, 1920,
and 1921 Income Tax Service may do so from the Superintendent
of Documents at prices as follows: Digest of Income Tax
Rulings No. 19 (containing digests of all rulings appearing in
Cumulative Bulletins 1 to 5, inclusive), 50 cents per copy.
Cumulative Bulletings Nos. 1 to 5, containing in full all rulings
published since April, 1919, to and including December, 1921,
as follows: No. 1, 30 cents; No. 2, 25 cents; No. 3, 30 cents;
No. 4, 30 cents; No. 5, 25 cents.

Persons desiring to obtain the Sales Tax Cumulative Bulletins
for January-June and July-December, 1921, may procure them
from the Superintendent of Documents at 5 cents per copy.

Persons desiring to obtain the Internal Revenue Bulletin service
for the years 1922 to 1941, inclusive, may do so at prices as follows:

Persons desiring to obtain the service in digest form may do
so at prices as follows: Digest No. 13 (1922-1924), 60 cents;
Digest No. 17 (1925), 25 cents; Digest No. 21 (1926), 15 cents;
Digest No. 22 (1925-1927), 35 cents; and Digest A (income tax
rulings only, April, 1919, to December, 1930, inclusive), $1.50.

All inquiries in regard to these publications and subscriptions
should be sent to the Superintendent of Documents, Government
Printing Office, Washington, D. C.

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INTRODUCTION

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,
Washington, D. C., July 9, 1942.

To Officers of Internal Revenue and Others:

The within decisions of the Commissioner of Internal Revenue, published during the period January 1, 1941, to July 9, 1942, inclusive, upon the construction to be given to the various Acts of Congress relating to the internal revenue, are published for the information and guidance of officers of the Internal Revenue Service and others concerned.

This volume contains Treasury decisions numbered 5025 to 5159, inclusive, and embraces rulings of the Treasury Department relating to the internal revenue published during the calendar years 1941 and 1942 to and including July 9 of the latter year.

IMPORTANT NOTICE!

This volume concludes the issuance of Internal Revenue Treasury decisions in bound form. After July 9, 1942, Internal Revenue Treasury decisions will not be included in the "Weekly Treasury Decisions" pamphlets, but will be published in the Weekly and Cumulative Internal Revenue Bulletins, which are obtainable upon a subscription basis from the Superintendent of Documents, Government Printing Office, Washington, D. C. (For prices, see announcement on back of title page.)

Discontinuance of the publication of Internal Revenue Treasury decisions in the "Weekly Treasury Decisions" and in separate bound form is in conformity with the policy of the Government to conserve paper and printing.

GUY T. HELVERING, Commissioner of Internal Revenue.

(III)

INTERNAL REVENUE

(T. D. 5025)

Excess profits tax

Regulations relating to time for filing returns and payment of tax under the

Excess Profits Tax Act of 1940

TREASURY Department,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C.

To Collectors of Internal Revenue and Others Concerned:

SEC. 30.729-1 Time and place for filing returns.-Excess profits tax returns under the Excess Profits Tax Act of 1940 shall be filed at the same time and place as the time and place prescribed in sections 53 and 235 of the Internal Revenue Code and the income tax regulations under such sections (sections 19.53-1 to 19.53-5, and 19.235-1 of Regulations 103 [part 19, title 26, Code of Federal Regulations, 1940 Sup.]) for the filing of income tax returns under chapter 1, except that such excess profits tax returns for taxable years ending before December 31, 1940, which, if filed within the time prescribed in regulations 103, would be filed before March 15, 1941, shall be filed on or before March 15, 1941. (Sec. 62, 53 Stat. 32; 26 U. S. C., Sup., 62; sec. 729, Excess Profits Tax Act of 1940, Public, No. 801, 76th Cong., 3d sess.)

SEC. 30.729-2 Time for payment of tax.-The excess profits tax imposed by the Excess Profits Tax Act of 1940 shall be paid at the same time as the time prescribed in sections 56 and 236 of the Internal Revenue Code and the income tax regulations under such sections (sections 19.56-1, 19.56-2, and 19.236-1 of regulations 103) for the payment of the income tax imposed by chapter 1, except that such excess profits tax for taxable years ending before December 31, 1940, which, if paid within the time so prescribed, would be paid before March 15, 1941, shall be paid on or before March 15, 1941. In case an election is made to pay in installments such excess profits tax for a taxable year ending before December 31, 1940, and the first installment, if paid within the time prescribed in section 19.56–1, 19.56-2, or 19.236-1 of regulations 103, would be paid before March 15, 1941, then the first installment of such tax shall be paid on March

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