Taxable Years Sec. 232. Deductions. Sec. 232. (a) In general. Same as 1944. Sec. 232. (b) Charitable, and so forth, contributions. Same as 1944. Sec. 233. Allowance of deductions and credits. Same as 1944. Sec. 234. Credits against tax. Sec. 235. Returns. Sec. 235. (a) Time of filing. Same as 1944. Sec. 232. (b) Charitable, and Sec. 232. (b) Charitable, and Sec. 233. Allowance of deductions and credits. A foreign corporation shall reIceive the benefit of the deductions and credits allowed to it in this chapter only by filing or causing to be filed with the collector a true and accurate return of its total income received from all sources in the United States, in the manner prescribed in this chapter; including therein all the information which the Commissioner may deem necessary for the calculation of such deductions and credits. Sec. 234. Credits against tax. Foreign corporations shall not be allowed the credits against the tax for taxes of foreign countries and possessions of the United States allowed by section 131. A foreign corporation shall be allowed as a credit against its tax the amount required by section 396 to be paid by the personal service corporation of which it is a shareholder with respect to its tax liability under Supplement S. Sec. 235. Returns. Sec. 235. (a) Time of filing.In the case of a foreign corporation not having any office or place Section originated 1935 as Eighth Edition, p. 334, Sec. 233. Allowance of deductions and credits. Section originated 1918 as Second Edition, p. 210, Sec. 234. Credits against tax. Eighth Edition, p. 336, Sec. 235. Returns. Sec. 235. (a) Time of filing. Taxable Years Beginning in 1949 of business in the United States the return, in lieu of the time prescribed in section 53 (a) (1), shall be made on or before the fifteenth day of the sixth month following the close of the fiscal year, or, if the return is made on the basis of the calendar year then on or before the fifteenth day of June. If any foreign corporation has no office or place of business in the United States but has an agent in the United States, the return shall be made by the agent. Sec. 236. (a) Time of payment. -In the case of a foreign corporation not having any office or place of business in the United States the total amount of tax imposed by this chapter shall be paid, in lieu of the time prescribed in section 56 (a), on the fifteenth day of June following the close of the calendar year, or, if the return should be made on the basis of the fiscal year, then on the fifteenth day of the sixth month following the close of the fiscal year. Sec. 236. (b) Withholding at source. For withholding at source of tax on income of foreign corporations, see section 144. Sec. 237. Foreign insurance companies. For special provisions relating to foreign insurance companies, see Supplement G. Supplement J-Possessions of the United States Sec. 251. Income from sources within possessions of the United States. Taxable Years Beginning in 1945 Sec. 235. (b) Exemption from requirement. Same as 1944. Sec. 236. Payment of tax. Sec. 236. (a) Time of payment. Same as 1944. Sec. 236. (b) Withholding at source. Same as 1944. Taxable Years Beginning in 1944 of business in the United States the return, in lieu of the time prescribed in section 53 (a) (1), shall be made on or before the fifteenth day of the sixth month following the close of the fiscal year, or, if the return is made on the basis of the calendar year then on or before the fifteenth day of June. If any foreign corporation has no office or place of business in the United States but has an agent in the United States, the return shall be made by the agent. Sec. 236. (a) Time of payment. -In the case of a foreign corporation not having any office or place of business in the United States the total amount of tax imposed by this chapter shall be paid, in lieu of the time prescribed in section 56 (a), on the fifteenth day of June following the close of the calendar year, or, if the return should be made on the basis of the fiscal year, then on the fifteenth day of the sixth month following the close of the fiscal year. Sec. 236. (b) Withholding at source. For withholding at source of tax on income of foreign corporations, see section 144. Taxable Years Beginning before 1944 For any amendments prior to 1944, see Eighth Edition, p. 336, Sec. 235. (b) Exemption from requirement. Section originated 1936 as Eighth Edition, p. 336, Sec. 236. Payment of tax. Sec. 236. (a) Time of payment. Second Edition, p. 276, Sec. 236. (b) Withholding at source. See Eighth Edition, p. 338, Ninth Edition, p. 518. Taxable Years Sec. 251. (a) General rule. In the case of citizens of the United States or domestic corporations, satisfying the following conditions, gross income means only gross income from sources within the United States Sec. 251. (a) (1) If 80 per centum or more of the gross income of such citizen or domestic corporation (computed without the benefit of this section), for the threeyear period immediately preceding the close of the taxable year (or for such part of such period immediately preceding the close of such taxable year as may be applicable) was derived from sources within a possession of the United States; and Sec. 251. (a) (2) If, in the case of such corporation, 50 per centum or more of its gross income (computed without the benefit of this section) for such period or such part thereof was derived from the active conduct of a trade or business within a possession of the United States; or Sec. 251. (a) (3) If, in case of such citizen, 50 per centum or more of his gross income (computed without the benefit of this section) for such period or such part thereof was derived from the active conduct of a trade or business within a possession of the United States either on his own account or as an employee or agent of another. Taxable Years Sec. 251. (a) General rule. Same as 1944. Same as 1944. Sec. 251. (b) Amounts received Sec. 251. (b) Amounts received in United States.-Notwithstand-in United States. ing the provisions of subsection (a) there shall be included in gross income all amounts received by such citizens or corporations within the United States, whether derived from sources within or without the United States. Sec. 251. (c) Tax in case of corporations. Sec. 251. (c) Tax in case of corporations. Sec. 251. (c) (1) Corporation Sec. 251. (c) (1) Corporation tax.-A domestic corporation en- tax. titled to the benefits of this section shall be subject to tax under section 13 or section 14 (b), and under section 15. Same as 1944. Taxable Years Beginning in 1946 and 1947 Sec. 251. (a) General rule. Sec. 251. (b) Amounts received in United States. Same as 1944. Sec. 251. (c) Tax in case of corporations. Sec. 251. (c) (1) Corporation tax. Same as 1944. |