Page:United States Statutes at Large Volume 39 Part 1.djvu/792

 SIXTY-FOURTH CONGRESS. Sess. I. Ch. 463. 1916. 77]_ days rior to the first da of March of the ear in which its return '¤°°*¤ Mxwould) be filed if made upiin the basis of theirzalendar year· (b) Every corporation, joint-stock company or association, or in- ,,32,“g,§_ '°‘ ‘°"°°""‘ surance company, subject to the tax herein imposed, shall, on or before the first day of March, nineteen hundred and seventeen, and the first day of March in each year thereafter, or, if it has designated a fiscal year for the comaputation of its tax, then within sixty days after the close of such fisc year ending rior to December thirty—iirst, nineteen hundred and sixteen, and the close of each such fiscal year thereafter, render a true and accurate return of its annual net income in the man- F°"”' ner and form to be prescribed by the Commissioner of Internal Revenue, with the apiproval of the Secretary of the Treasury, and containing such facts, ata, and information as are appropriate and in the opinion of the commissioner necessary to determine the correctness o the net income returned and to carr out the provisions of this V title. The_return shall be sworn to by the president, vice president, °m°°u°°' or other prmcislal officer, and by the treasurer or assistant treasurer. T dm. The return sh be made to the collector of the district in which is ° n°t°°H°°l°r’ located the principal office of the corporation, company, or association, where are kept its books of account and other data from which the return is prepared, or in the case of a foreign corporation, com- F°’°"°°°’P°‘“"°“· pany, or association, to the collector of the district in which is located its principal place of business in the United States, or if it have no principal place of business, office, or agpncy in the United States then to the collector of internal revenue at altunore, Maryland. All such  "° °°"" returns shall as received be transmitted forthwith by the collector to the Commissioner of Internal Revenue; (c) In cases wherein receivers, trustees in bankruptcy, or assignees ,,,B f"g,":,_° are operating the property or business of corporations, joint-stock S¤z¤¤¤¤— companies or associations, or insurance companies, subject to tax imposed by this title, such receivers, trustees, or assignees shall make returns of net income as and for such corporations, jointstock companies or associations, and insurance companies, in the same manner and form as such organizations are hereinbefore required to make returns, and any income tax due on the basis of such returns made by receivers, trustees, or assingees shall be assessed and collected in the same manner as if assessed directly against the orgianizatiops of whose businesses or properties they ave custody an contro ; (d) A corporation, joint-stock company or association, or insur- ,,,§,§§’,§g‘°*"°‘*“°°'”° ance company, keepingsaccounts upon any basis other than that of actual receipts and bursements,  such other basis does not clearly reflect its income, may, subject_to regulations made by the Commissioner of Internal Revenue, with the approval of the Secretary of the Treasury, make its return upon the basis upon which its accounts are kept, indwhich case the tax shall be computed upon its income as so returne ; _ _. mw, · (e) All the provisions of this title relating to the tax authorized iir°Z°vL$°{.¤m»r¤¤1§iTiag and re uired to be deducted and withheld and paid to the officer $§°,§x°_‘,;‘j§§#g!;§d“d,' of the qllnited States Government authorized to rece1ve the same craig-P 160 from the income of nonresident alien individuals from sources within ’ ‘ ` the United States shall be made applicable to incomes derived from interest upon bonds and mortgages or deeds of trust or similar obligations of domestic or other resident corporations, joint-stock companies or associations, and insurance_ companies by nonresident alien iirms, copartnerships, companies, corporations, jomt— stock companies or associations, and insurance companies not engaged in business or itriade withal; the United States and not having an office or lace o usiness therein; fl') Likewise}; all the dprovisions of this title relating to the tat il:¢x»E”{»li11ii?°°'°° authorized and require to be deducted and withheld and paid to