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(TREASURY DECISION 1928.)

Income tax.

Regulation prescribing additional forms on which to make returns of

annual net income for the income tax.

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., January 2, 1914.

The forms numbered and described below, in addition to those previously approved, are prescribed by this department for the purposes indicated in connection with the administration of the Federal income-tax law (sec. 2 of the act of Oct. 3, 1913):

Forms 1030, 1031, 1032, 1033, 1034, and 1035 are to be used by corporations in making their returns of annual net income, as follows: No. 1030 by insurance companies; No. 1031 by banks and other financial institutions (class A); No. 1032 by public service corporations (class B); No. 1033 by manufacturing corporations (class C); No. 1034 by mercantile corporations (class D); No. 1035 by miscellaneous corporations (class E).

Form 1040 is to be used by individuals, or their duly authorized agents, in making the personal return of annual net income.

Form 1041 is to be used by fiduciaries in making returns of annual net income in behalf of their beneficiaries and as withholding agents.

Form 1042 is the annual list return of withholding agents of taxes withheld by them on income other than that derived from corporate obligations.

Form 1043 is a monthly list return of taxes withheld on foreign income by licensed banks or collecting agents.

Form 1043a is the annual list return to be made by licensed banks and collecting agents of taxes withheld by them during the year on foreign items.

Form 1044 is a monthly list return of taxes withheld by the first bank or collecting agency receiving coupons or interest orders not accompanied by certificates of owners.

Form 1044a is the annual list return of taxes withheld during the year by the first bank or collecting agency receiving coupons or interest orders not accompanied by certificates of owners.

Form 23a will be used by collectors in listing, for assessment, the corporations showing net income upon which the tax is to be computed, this form to be prepared in duplicate.

Form 23b will be used by collectors in listing, for assessment, withholding agents, fiduciaries, etc., and individuals who return a taxable income.

W. H. OSBORN, Commissioner of Internal Revenue.

Approved :
W. G. MCADOO,

Secretary of the Treasury.

(TREASURY DECISION 1929.)

Income tax.

Supplemental regulations prescribing form of certificate to be attached

to interest coupons in cases where the collecting agent's certificate is substituted for the certificate of the owners, when said owners are fiduciaries not claiming exemption at source.

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., January 3, 1914.

ܙ

Subject to the provisions of the regulations in T. D. 1903, dated November 28, 1913, collecting agents may substitute Form 1019a, properly filled in and numbered, for the certificate of the owner on Form 1019.

When collecting agents substitute their own certificates in lieu of owner's certificate on Form 1019, said substitute certificate shall be in substantially the following form:

(Form 10190) Form of certificate to be attached to interest coupons in cases where

the collecting agent's certificate is substituted for the certificate of
the owners.
(When owners are fiduciaries.)

(The owner's certificate, of which the following certificate is the counterpart, and bears the same number as this certificate, will be sent by the collecting agent direct to the Commissioner of Internal Revenue at Washington, as prescribed by regulations.)

No......
I (we)

do solemnly declare that the (Name of collecting agent.), owner of $..

bonds of the....

(Name of debtor organization.) from which were detached the accompanying interest coupons due 191.., amounting to $.

has filed (Maturity.) with me (us) a duly executed certificate filled up in accordance with Treasury Regulations of December 8, 1913, Form 1019, which certificate has been endorsed by me (us) as follows:'"Owner's certificate No.....

191...," that said (Name of collecting agency.)

(Date.) certificate is executed by a fiduciary, and that the fiduciary, acting for and in the capacity as stated therein, did not claim any exemption from having the normal tax of 1 per cent withheld from said income by the debtor at the source; and I (we) do hereby promise and pledge myself (ourselves) to forward the above-described certificate executed by the owners as stated and dated..

191..., to the Commissioner of Internal Revenue, at Washington, D._C., not later than the 20th day of next month, in accordance with Treasury Regulations.

Signature of collecting agent:..
Date:....

191... Address :.

W. H. OSBORN, Commissioner of Internal Revenue.

Approved :
W. G. MCADOO,

Secretary of the Treasury.

(TREASURY DECISION 1934.)

Income tax.

Individuals whose net income from March 1 to December 31, 1913, both

dates inclusive, is $2,500 or more must make returns of annual net income for 1913.

TREASURY DEPARTMENT,

OFFICE OF COMMISSIONER OF INTERNAL REVENUE,

Washington, D. C., January 16, 1914.

Section 2, Act of October 3, 1913, provides that on or before the first day of March, 1914, and the first day of March in each year thereafter, a true and accurate return, under oath or affirmation, shall be made to the Collector of Internal Revenue by each person of lawful age, who may be subject to the tax imposed by this section, who has a net income of $3,000 or over for the taxable year.

It is further provided that for the year ending December 31, 1913, the tax shall be computed on the net income accruing from March 1 to December 31, 1913, both dates inclusive, after deducting five-sixths only of the specific exemption and deductions allowable for an entire taxable year.

Since the return of annual net income for the year 1913, as applied to individuals, is for but five-sixths of the calendar year, and as the law provides that returns shall be made on the basis of five-sixths of the year, it is held that individuals whose net income is $2,500 or more for the ten months constituting the taxable period of 1913, shall make returns of annual net income, in accordance with the general provisions of the law, covering the 1913 taxable period.

W. H. OSBORN,

Commissioner. Approved : W. G. MCADOO,

Secretary

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