Title IV (called "War Tax on Cigars, Tobacco, and Manufactures Thereof "); Title V (called "War Tax on Facilities Furnished by Public Utilities, and Insurance"); Title VI (called "War Excise Taxes "); Title VII (called "War Tax on Admissions and Dues "); Title IX (called "War Estate Tax"); Title X (called "Administrative Provisions "); Title XII (called "Income-Tax Amendments"). (b) Such parts of Acts shall remain in force for the assessment and collection of all taxes which have accrued thereunder, and for the imposition and collection of all penalties or forfeitures which have accrued and may accrue in relation to any such taxes, and except that the unexpended balance of any appropriation heretofore made and now available for the administration of any such part of an Act shall be available for the administration of this Act or the corresponding provision thereof: Provided, That, except as otherwise provided in this Act, no taxes shall be collected under Title I of the Revenue Act of 1916 as amended by the Revenue Act of 1917, or Title I or II of the Revenue Act of 1917, in respect to any period after December 31, 1917: Provided further, That the assessment and collection of all estate taxes, and the imposition and collection of all penalties or forfeitures, which have accrued under Title II of the Revenue Act of 1916 as amended by the Act entitled "An Act to provide increased revenue to defray the expenses of the increased appropriations for the Army and Navy and the extensions of fortifications, and for other purposes," approved March 3, 1917, or Title IX of the Revenue Act of 1917, shall be according to the provisions of Title IV of this Act. In the case of any tax imposed by any part of an Act herein repealed, if there is a tax imposed by this Act in lieu thereof, the provision imposing such tax shall remain in force until the corresponding tax under this Act takes effect under the provisions of this Act. Title I of the Revenue Act of 1916 as amended by the Revenue Act of 1917 shall remain in force for the assessment and collection of the income tax in Porto Rico and the Philippine Islands, except as may be otherwise provided by their respective legislatures. VALIDATING PROVISION. SEC. 1402. That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment has been rendered. CITATION OF ACT. SEC. 1405. That this Act may be cited as the "Revenue Act of 1918." INSPECTION OF GOVERNMENT CONTRACTS. SEC. 1408. That every person who on or after April 6, 1917, entered into any contract, undertaking, or agreement with the United States, or with any department, bureau, officer, commission, board, or agency under the United States or acting in its behalf, or with any other person having contract relations with the United States, for the performance of any work or the supplying of any materials or property for the use of or for the account of the United States, shall, within thirty days after a request of the Commissioner therefor, file with the Commissioner a true and correct copy of every such contract, undertaking, or agreement. Whoever fails to comply with such request of the Commissioner shall be guilty of a misdemeanor and shall be punished by a fine of not more than $1,000, or by imprisonment for not more than one year, or both. The Commissioner shall (when not violative of the technical military or naval secrets of the Government) have access to all information and data relating to any such contract, undertaking or agreement, in the possession, control or custody of any department, bureau, board, agency, officer or commission of the United States and may call upon any such department, bureau, board, agency, officer or commission for a full statement and description of any allowance for amortization, obsolescence, depreciation or loss, or of any valuation, appraisal, adjustment or final settlement, made in pursuance of any such contract, undertaking, or agreement. AUTHORITY FOR REGULATIONS. SEC. 1309. That the Commissioner, with the approval of the Secretary, is hereby authorized to make all needful rules and regulations for the enforcement of the provisions of this Act. ART. 1800. Promulgation of regulations. In pursuance of the statute the foregoing regulations are hereby made and promulgated and all rulings inconsistent herewith are hereby revoked. Approved April 17, 1919: CARTER GLASS, : DANIEL C. ROPER, Commissioner of Internal Revenue. Secretary of the Treasury. INDEX. [References in italics are to sections of the Revenue Act of 1918; other references are Accident insurance, deduction of premium__-. Premiums paid by employer as taxable income to employee_. Accounting, gain or loss where compensation received for damage to 101 33 213; 72 Employees in foreign countries, information at source as to payments. 1074 Deductions___. Definition Employers, personal exemption. Gross income_‒‒‒‒ Information as to payments to Liability to normal tax... Porto Rico and Philippine Islands_ 306, 311-316 Aliens Continued. Nouresident individuals-Continued. Returns Status of citizens of United States possessions__ Withholding tax at source-. Residents, credit for taxes_. Liability to normal tax--- Alien Property Custodian, withholding tax at source. Alimony, deduction Exemption of payment--- Allies of enemies, returns, extension of time.. Withholding tax at source_ Allocation, amounts assessed to construction and repair of local benefits__ Income from judgments Net income to particular source_ Stock dividends Allotments under War Risk Insurance Act, taxability. Allowances to children, deduction__. War Risk Insurance Act, taxability. Ambassadors, exemption of income--. Amortization, claims in returns. Cost which may be amortized___. Deduction in case of nonresident alien individual__ Information furnished by taxpayer. Method Period Property cost of which may be amortized__. Redetermination of allowance__. Restoration of depreciation allowance to surplus account. Ancillary administrator, returns, time--‒‒‒ Annuities representing return of capital, information at source. Withholding tax at source_ 404, 425 1121 -363-367, 370-375 381 3 375 291 74 446 375 133 52 715 201 72 291 72 83 214, 234; 186, 188 184 271 188 185 184 182 187 840 441 1074 363 Annuity contracts, sums in excess of premiums, taxable income.. Apportionment of depletion deduction between lessor and lessee_. Army and Navy, allotments and allowances under War Risk Insurance Act, 72 Deduction of cost of equipment of officer_ 291 Salaries paid to employees in‒‒‒‒‒‒ 108 Effect of service in, as to notice and demand of payment. 1007 Exemptions of soldiers and sailors---- 86 Extension of time for filing returns of persons in service_ 445 Information at source as to payments to persons in service_ |