Sec. 146. (a) (1) Departure of taxpayer or removal of property from United States. Same as 1944. Sec. 146. Closing by commissioner of taxable year. Sec. 146. (a) Tax in jeopardy.— Sec. 146. (a) (1) Departure of taxpayer or removal of property from United States.-If the Commissioner finds that a taxpayer designs quickly to depart from the United States or to remove his property therefrom, or to conceal himself or his property therein, or to do any other act tending to prejudice or to render wholly or partly ineffectual proceedings to collect the tax for the taxable year then last past or the taxable year then current unless such proceedings be brought without delay, the Commissioner shall declare the taxable period for such taxpayer immediately terminated and shall cause notice of such finding and declaration to be given the taxpayer, together with a demand for immediate payment of the tax for the taxable period so declared terminated and of the tax for the preceding taxable year or so much of such tax as is unpaid, whether or not the time otherwise allowed by law for filing return and paying the tax has expired; and such taxes shall thereupon become immediately due and payable. In any proceeding in court brought to enforce payment of taxes made due and payable by virtue of the provi Sec. 146. Closing by commissioner of taxable year. Sec. 146. (a) Tax in jeopardy. Sec. 146. (a) (1) Departure of taxpayer or removal of property from United States. Section originated 1918 as Second Edition, p. 306, Taxable Years Beginning in 1949 tion the finding of the Commissioner, made as herein provided, whether made after notice to the taxpayer or not, shall be for all purposes presumptive evidence of the taxpayer's design. Sec. 146. (a) (2) Corporation Taxable Years Beginning in 1948 Sec. 146. (a) (2) Corporation Same as 1944. in liquidation.-If the Commis- in liquidation. sioner finds that the collection of the tax of a corporation for the current or last preceding taxable year will be jeopardized by the distribution of all or a portion of the assets of such corporation in the liquidation of the whole or any part of its capital stock, the Commissioner shall declare the taxable period for such taxpayer immediately terminated and shall cause notice of such pending and declaration to be given the taxpayer, together with a demand for immediate payment of the tax for the taxable period so declared terminated and of the tax for the last preceding taxable year or so much of such tax as is unpaid, whether or not the time otherwise allowed by law for filing return and paying the tax has expired; and such taxes shall thereupon become immediately due and payable. Sec. 146. (b) Security for pay Same as 1944. Sec. 146. (b) Security for payment.-A taxpayer who is not in ment. default in making any return or paying income, war-profits, or excess-profits tax under any Act of Congress may furnish to the United States under regulations to be prescribed by the Commissioner, with the approval of the Secretary, security approved by the Commissioner that he will duly make the return next thereafter required to be filed and pay the tax next thereafter required to be paid. The Commissioner may approve and accept in like manner security for return and payment of taxes made due and payable by virtue of the provisions of this section, provided the taxpayer has paid in full all other income, war-profits, or excessprofits taxes due from him under any Act of Congress. Sec. 146. (c) Same-Exemption Taxable Years Beginning in 1946 and 1947 Sec. 146. (a) (2) Corporation in liquidation. Same as 1944. Sec. 146. (b) Security for payment. Same as 1944. Sec. 146. (c) Same-Exemption Sec. 146. (c) Same-Exemption from section. Same as 1944. Same as 1944. from section.-If security is ap- from section. proved and accepted pursuant to the provisions of this section and Taxable Years Sec. 146. (a) (2) Corporation in liquidation. Same as 1944. Sec. 146. (b) Security for payment. Same as 1944. Sec. 146. (c) Same-Exemption from section. Same as 1944. Sec. 146. (a) (2) Corporation Section originated 1938 as Eighth Edition, p. 264, Sec. 146. (a) (2) Corporation Sec. 146. (b) Security for payment.-A taxpayer who is not in default in making any return or paying income, war-profits, or excess-profits tax under any Act of Congress may furnish to the United States, under regulations to be prescribed by the Commissioner, with the approval of the Secretary, security approved by the Commissioner that he will duly make the return next thereafter required to be filed and pay the tax next thereafter required to be paid. The Commissioner may approve and accept in like manner security for return and payment of taxes made due and payable by virtue of the provisions of this section, provided the taxpayer has paid in full all other income, war-profits, or excessprofits taxes due from him under any Act of Congress. Sec. 146. (c) Same-Exemption from section.-If security is approved and accepted pursuant to the provisions of this section and Sec. 146. (b) Security for payment. Section originated 1918 as Second Edition, p. 308, Sec. 146. (c) Same-Exemption from section. Section originated 1918 as Sec. 250 (g), R. A. of 1918. Sec. 147. (a) Payments of $600 Sec. 147. (a) Payments of $500 or more.-All persons, in whatever $600 or more.-All persons in capacity acting, including lessees whatever capacity acting, includor mortgagors, of real or personal ing lessees or mortgagors of real or property, fiduciaries, and employ- personal property, fiduciaries, and ers, making payment to another employers, making payment to anperson of interest, rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments described in section 148 (a) or 149), of $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or em other person, of interest, rent, sal- Sec. 146. (f) Addition to tax. Sec. 147. Information at source. Sec. 147. (a) Payments of $500 or more. Same as 1944. Sec. 147. (a) Payments of $500 or more. Same as 1944. Sec. 147. (a) Payments of $500 or more.-All persons, in whatever capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, and employers, making payment to another person, of interest, rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments described in section 148 (a) or 149), of $500 or more in any taxable year, or, in the case of such payments made by the United States, the officers or em Sec. 147. (a) Payments of $500 or more. Section originated 1917 as Second Edition, p. 258, |