Taxable Years Taxable Years Taxable Years allowed for paying such respective allowed for paying such respective allowed for paying such respective taxes. taxes. taxes. Sec. 146. (d) Citizens.—In the Sec. 146. (d) Citizens.-In the Sec. 146. (d) Citizens.-In the case of a citizen of the United case of a citizen of the United case of a citizen of the United States or of a possession of the States or of a possession of the States or of a possession of the United States about to depart United States about to depart United States about to depart from the United States the Com- from the United States the Com- from the United States the Commissioner may, at his discretion, missioner may, at his discretion, missioner may, at his discretion, waive any or all of the require- waive any or all of the require- waive any or all of the requirements placed on the taxpayer by ments placed on the taxpayer by ments placed on the taxpayer by this section. this section. Sec. 146. (e) Departure of alien. -No alien shall depart from the United States unless he first procures from the collector or agent in charge a certificate that he has complied with all the obligations im this section. Sec. 146. (e) Departure of alien. -No alien shall depart from the United States unless he first procures from the collector or agent in charge a certificate that he has complied with all the obligations im Sec. 146. (e) Departure of alien. -No alien shall depart from the United States unless he first procures from the collector or agent in charge a certificate that he has complied with all the obligations imposed upon him by the income, war-posed upon him by the income, war-posed upon him by the income, war profits, and excess-profits tax laws. profits, and excess-profits tax laws. profits, and excess-profits tax laws. Sec. 146. (f) Addition to tax.— Sec. 146. (f) Addition to tax.- Sec. 146. (f) Addition to tax.If a taxpayer violates or attempts If a taxpayer violates or attempts If a taxpayer violates or attempts to violate this section there shall, to violate this section there shall, to violate this section there shall, in addition to all other penalties, in addition to all other penalties, in addition to all other penalties, be added as part of the tax 25 per be added as part of the tax 25 per be added as part of the tax 25 per centum of the total amount of the centum of the total amount of the tax or deficiency in the tax, to- tax or deficiency in the tax, together with interest at the rate of gether with interest at the rate of 6 per centum per annum from the 6 per centum per annum from the time the tax became due. time the tax became due. Sec. 147. Information at source. Sec. 147. Information at source. centum of the total amount of the tax or deficiency in the tax, together with interest at the rate of 6 per centum per annum from the time the tax became due. Sec. 147. Information at source. Sec. 147. (a) Payments of $500 Sec. 147. (a) Payments of $750 Sec. 147. (a) Payments of $750 or more. All persons, in whatever $500 or more.-All persons, in $800 or more.-All persons, in whatcapacity acting, including lessees or whatever capacity acting, including ever capacity acting, including les mortgagors of real or personal lessees or mortgagors of real or per-sees or mortgagors of real or personal property, fiduciaries, and employers, sonal property, fiduciaries, and em- property, fiduciaries, and employers, making payment to another person, ployers, making payment to another making payment to another person, of interest, rent, salaries, wages, person, of interest, rent, salaries, of interest, rent, salaries, wages, premiums, annuities, compensations, wages, premiums, annuities, compen- premiums, annuities, compensations, remunerations, emoluments, or other sations, remunerations, emoluments, remunerations, emoluments, or other fixed or determinable gains, profits. or other fixed or determinable gains, fixed or determinable gains, profits, and income (other than payments profits, and income (other than pay- and income (other than payments described in section 148 (a) or ments described in section 148 (a) or described in section 148 (a) or 149), 149), of $500 or more in any tax- 149), of $500-$750 or more in any of $750 $800 or more in any taxable year, or, in the case of such taxable year, or, in the case of such able year, or, in the case of such payments made by the United payments made by the United payments made by the United States, the officers or employees of States, the officers or employees of States, the officers or employees of the United States having informa- the United States having informa- the United States having information as to such payments and re- tion as to such payments and re- tion as to such payments and required to make returns in regard quired to make returns in regard quired to make returns in regard thereto by the regulations herein- thereto by the regulations herein- thereto by the regulations hereinafter provided for, shall render a after provided for, shall render a after provided for, shall render a true and accurate return to the true and accurate return to the true and accurate return to the Commissioner, under such regula- Commissioner, under such regula- Commissioner, under such regulations and in such form and manner tions and in such form and manner tions and in such form and manner and to such extent as may be pre- and to such extent as may be pre- and to such extent as may be prescribed by him with the approval scribed by him with the approval scribed by him with the approval of the Secretary, setting forth the of the Secretary, setting forth the of the Secretary, setting forth the amount of such gains, profits, and amount of such gains, profits, and amount of such gains, profits, and allowed for paying such respective allowed for paying such respective Sec. 146. (d) Citizens.-In the Sec. 146. (d) Citizens.-In the case of a citizen of the United case of a citizen of the United States or of a possession of the States or of a possession of the United States about to depart United States about to depart from the United States the Com- from the United States the Commissioner may, at his discretion, missioner may, at his discretion, waive any or all of the require- waive any or all of the requirements placed on the taxpayer by ments placed on the taxpayer by this section. this section. Sec. 146. (e) Departure of alien. Sec. 146. (e) Departure of alien. -No alien shall depart from the -No alien shall depart from the United States unless he first pro- United States unless he first procures from the collector or agent in cures from the collector or agent in charge a certificate that he has charge a certificate that he has complied with all the obligations complied with all the obligations. imposed upon him by the income, imposed upon him by the income, war-profits, and excess-profits tax war-profits, and excess-profits tax laws. laws. Sec. 146. (f) Addition to tax.— Sec. 146. (f) Addition to tax.If a taxpayer violates or attempts If a taxpayer violates or attempts to violate this section there shall, to violate this section there shall, in addition to all other penalties, in addition to all other penalties, be added as part of the tax 25 per centum of the total amount of the tax or deficiency in the tax, together with interest at the rate of 6 per centum per annum from the time the tax became due. Sec. 147. Information at source. be added as part of the tax 25 per Sec. 147. Information at source. Taxable Years Beginning before 1939 Sec. 146. (d) Citizens. See p. 266, Eighth Edition. Sec. 146. (e) Departure of alien. See p. 266, Eighth Edition. Sec. 146. (f) Addition to tax. Sec. 147. Information at source. See p. 268, Eighth Edition. Sec. 147. (a) Payments of $800 Sec. 147. (a) Payments of $1,000 $1,000 or more.-All persons, in or more.-All persons, in whatever $1,000 or more. whatever capacity acting, including capacity acting, including lessees lessees or mortgagors of real or or mortgagors of real or personal personal property, fiduciaries, and property, fiduciaries, and employemployers, making payment to an-ers, making payment to another other person, of interest, rent, sal- person, of interest, rent, salaries, aries, wages, premiums, annuities, wages, premiums, annuities, comcompensations, remunerations, emol-pensations, remunerations, emoluuments, or other fixed or determin-ments, or other fixed or determinable gains, profits, and income able gains, profits, and income (other than payments described (other than payments described in in section 148 (a) or 149), section 148 (a) or 149), of $1,000 of $800 $1,000 or more in any tax- or more in any taxable year, or, in able year, or, in the case of such the case of such payments made payments made by the United by the United States, the officers States, the officers or employees of or employees of the United States the United States having informa- having information as to such paytion as to such payments and re- ments and required to make required to make returns in regard turns in regard thereto by the thereto by the regulations herein- regulations hereinafter provided after provided for, shall render a for, shall render a true and accutrue and accurate return to the rate return to the Commissioner, Commissioner, under such regula- under such regulations and in such tions and in such form and manner form and manner and to such exand to such extent as may be pre- tent as may be prescribed by him scribed by him with the approval with the approval of the Secreof the Secretary, setting forth the tary, setting forth the amount of Taxable Years Beginning in 1943 Taxable Years Taxable Years income, and the name and address income, and the name and address income, and the name and address of the recipient of such payment. of the recipient of such payment. of the recipient of such payment. Sec. 147. (b) Returns regard Sec. 147 (a), I. R. C., supra, amended by Sec. 131 (c) (3), R. A. of 1942, by striking out "$750" and inserting in lieu thereof "$500." Sec. 101 of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1941. For prior amendments, see 1941 column. Sec. 147. (b) Returns regard Sec. 147 (a), I. R. C., supra, amended by Sec. 112 (c), R. A. of by 1941, substituting "$750" for "$800." Sec. 118 of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1940. For prior amendments, see 1940 column. Sec. 147. (b) Returns regardless of amount of payment.-Such less of amount of payment.-Such less of amount of payment. Such returns may be required, regard- returns may be required, regard- returns may be required, regardless of amounts, (1) in the case of less of amounts, (1) in the case of less of amounts, (1) in the case of payments of interest upon bonds, payments of interest upon bonds, payments of interest upon bonds, mortgages, deeds of trust, or other mortgages, deeds of trust, or other mortgages, deeds of trust, or other similar obligations of corporations, similar obligations of corporations, similar obligations of corporations, (2) in the case of payments of (2) in the case of payments of and (2) in the case of payments of interest upon obligations of the interest upon obligations of the interest upon obligations of the United States or any agency or in- United States or any agency or in- United States or any agency or instrumentality thereof, and (3) in strumentality thereof, and (3) in strumentality thereof, and (3) in the case of collections of items (not the case of collections of items (not the case of collections of items (not payable in the United States) of payable in the United States) of payable in the United States) of interest upon the bonds of foreign interest upon the bonds of foreign interest upon the bonds of foreign countries and interest upon the countries and interest upon the countries and interest upon the bonds of and dividends from for- bonds of and dividends from for- bonds of and dividends from foreign eign corporations by persons under-eign corporations by persons under-corporations by persons undertaktaking as a matter of business or taking as a matter of business or ing as a matter of business or for for profit the collection of foreign for profit the collection of foreign profit the collection of foreign paypayments of such interest or divi- payments of such interest or divi-ments of such interest or dividends dends by means of coupons, checks, dends by means of coupons, checks, by means of coupons, checks, or or bills of exchange. or bills of exchange. Sec. 147 (b), I. R. C., supra, amended by Sec. 116 (b), R. A. of 1941, to read as above. Sec. 116 (c) of said Act makes amendment effective Sept. 21, 1941. For prior amendments, see 1941 column. name bills of exchange. Sec. 147 (b), I. R. C., supra, amended by Sec. 116 (b), R. A. of 1941, by omitting lanin stricken through guage type and adding language in italics. Sec. 116 (c) of said Act makes amendment effective Sept. 21, 1941. Sec. 147. (c) Recipient to fur- Sec. 147. (c) Recipient to furnish name and address.-When nish and address.-When to make effective the necessary to make effective the necessary provisions of this section the name provisions of this section the name and address of the recipient of in- and address of the recipient of income shall be furnished upon de- come shall be furnished upon demand of the person paying the in- mand of the person paying the in Sec. 148. (a) Dividend pay- Sec. 148. (a) Dividend pay- Sec. 148. (a) Dividend payments. Every corporation shall, ments.-Every corporation shall, ments.-Every corporation shall, when required by the Commis- when required by the Commis- when required by the Commis Taxable Years amount of such gains, profits, and income, and the name and address of the recipient of such payment. Sec. 147 (a), I. R. C. supra, amended by Sec. 7 (c), R. A. of 1940 by substituting "$800" for "$1000." Sec. 9 of said Act makes amendment applicable to taxable years beginning after Dec. 31, 1939. Taxable Years such gains, profits, and income, Sec. 147. (b) Returns regard Taxable Years Beginning before 1939 See p. 268, Eighth Edition. Sec. 147. (b) Returns regardSec. 147. (b) Returns regardless less of amount of payment.-Such less of amount of payment.-Such of amount of payment. returns may be required, regard- returns may be required, regardless of amounts, (1) in the case of less of amounts, (1) in the case of payments of interest upon bonds, payments of interest upon bonds, mortgages, deeds of trust, or other mortgages, deeds of trust, or other similar obligations of corporations, similar obligations of corporations, and (2) in the case of collections and (2) in the case of collections of items (not payable in the of items (not payable in the United States) of interest upon United States) of interest upon the bonds of foreign countries and the bonds of foreign countries and interest upon the bonds of and div- interest upon the bonds of and dividends from foreign corporations idends from foreign corporations by persons undertaking as a mat- by persons undertaking as a matter of business or for profit the ter of business or for profit the collection of foreign payments of collection of foreign payments of such interest or dividends by such interest or dividends by means of coupons, checks, or bills means of coupons, checks, or bills of exchange. of exchange. Sec. 147. (d) Obligations of Sec. 147. (d) Obligations of Sec. 147. (d) Obligations of United States. The provisions of United States. The provisions of United States. this section shall not apply to the this section shall not apply to the payment of interest on obligations payment of interest on obligations of the United States. of the United States. See p. 270, Eighth Edition. Sec. 148. Information by corporations. Sec. 148. Information by corporations. Sec. 148. Information by corporations. Sec. 148. (a) Dividend pay- Sec. 148. (a) Dividend pay Sec. 148. (a) Dividend pay ments. Every corporation shall, ments.-Every corporation shall, ments. when required by the Commis- when required by the Commis- See p. 270, Eighth Edition. Taxable Years sioner, render a correct return, duly verified under oath, of its payments of dividends, stating the name and address of each shareholder, the number of shares owned by him, and the amount of dividends paid to him. sioner, render a correct return, duly sioner, render a correct return, duly Sec. 148. (b) Profits declared as Sec. 148. (b) Profits declared as Sec. 148. (b) Profits declared as dividends. Every corporation dividends.-Every corporation dividends. Every corporation shall, when required by the Com- shall, when required by the Com- shall, when required by the Commissioner, furnish him a statement missioner, furnish him a statement missioner, furnish him a statement of such facts as will enable him to of such facts as will enable him to of such facts as will enable him to determine the portion of the earn- determine the portion of the earn- determine the portion of the earnings or profits of the corporation ings or profits of the corporation ings or profits of the corporation (including gains, profits, and in- (including gains, profits, and in- (including gains, profits, and income not taxed) accumulated dur- come not taxed) accumulated dur- come not taxed) accumulated during such periods as the Commis- ing such periods as the Commis- ing such periods as the Commissioner may specify, which have sioner may specify, which have sioner may specify, which have been distributed or ordered to be been distributed or ordered to be been distributed or ordered to be distributed, respectively, to its distributed, respectively, to its distributed, respectively, to its shareholders during such taxable shareholders during such taxable shareholders during such taxable years as the Commissioner may years as the Commissioner may years as the Commissioner may specify. specify. specify. Sec. 148. (c) Accumulated earn- Sec. 148. (c) Accumulated earn- Sec. 148. (c) Accumulated earnings and profits.-When requested ings and profits. When requested ings and profits.-When requested by the Commissioner, or any col- by the Commissioner, or any col- by the Commissioner, or any collector, every corporation shall for- lector, every corporation shall for- lector, every corporation shall forward to him a correct statement of ward to him a correct statement of ward to him a correct statement of accumulated earnings and profits accumulated earnings and profits accumulated earnings and profits and the names and addresses of and the names and addresses of and the names and addresses of the individuals shareholders the individuals or or shareholders the individuals or shareholders who would be entitled to the same who would be entitled to the same who would be entitled to the same if divided or distributed, and of the if divided or distributed, and of the if divided or distributed, and of the amounts that would be payable to amounts that would be payable to amounts that would be payable to each. each. each. Sec. 148. (d) Contemplated dis- or Sec. 148. (d) Contemplated disliquidation.—Every solution or Sec. 148. (d) Contemplated dissolution or liquidation. Every solution corporation shall, within thirty corporation shall, within thirty corporation shall, within thirty days after the adoption by the days after the adoption by the days after the adoption by the corporation of a resolution or plan corporation of a resolution or plan corporation of a resolution or plan for the dissolution of the corpora- for the dissolution of the corpora- for the dissolution of the corporation or for the liquidation of the tion or for the liquidation of the tion or for the liquidation of the whole or any part of its capital whole or any part of its capital whole or any part of its capital stock, render a correct return to stock, render a correct return to stock, render a correct return to the Commissioner, verified under the Commissioner, verified under the Commissioner, verified under oath, setting forth the terms of oath, setting forth the terms of oath, setting forth the terms of such resolution or plan and such such resolution or plan and such such resolution or plan and such other information as the Commis- other information as the Commis-other information as the Commissioner shall, with the approval of sioner shall, with the approval of sioner shall, with the approval of the Secretary, by regulations pre- the Secretary, by regulations pre- the Secretary, by regulations prescribe. scribe. scribe. Sec. 148. (e) Distributions in Sec. 148. (e) Distributions in Sec. 148. (e) Distributions in liquidation. Every corporation liquidation.-Every corporation liquidation.-Every corporation shall, when required by the Com- shall, when required by the Com- shall, when required by the Commissioner, render a correct return, missioner, render a correct return, missioner, render a correct return, duly verified under oath, of its dis- duly verified under oath, of its dis- duly verified under oath, of its distributions in liquidation, stating tributions in liquidation, stating tributions in liquidation, stating the name and address of each the name and address of each the name and address of each shareholder, the number and class shareholder, the number and class shareholder, the number and class of shares owned by him, and the of shares owned by him, and the of shares owned by him, and the amount paid to him or, if the dis-amount paid to him or, if the dis-amount paid to him or, if the dis |