Page:United States Statutes at Large Volume 40 Part 1.djvu/1091

 s1XTY-F11·**rH CONGRESS. Sess. 111. cn. 18. 1919. 1073 any such bonds, mortgages, deeds of trust or other obligations, the ¤'°°¤ ’¤- owners of which are not known to the withholding agent. Such c,a",im*¤g§°*;Sed,,8*hug‘§ deduction and withholding shall not be required in the case of a by muwmimi. citizen or resident entitled to receive uch interest, if he files with the withholding ent on or before February 1, a signed notice in writin claiming thewgeneht of the credits provided in subdivisions (c) and (d) of section 216; nor in the case of a nonresident alien individual N°¤¤¤¤¤¤¤ ¤1i¤¤¤· if so provided for in regulations prescribed by the Commissioner unzltar ppction 2g7.d al hl d d d R c ver in ivi u, corporation, or artners uire to e act ttums "°m Wiur and withhold any tax under this scctiiin shall ulfalhig return thereof hmm amt on or before March first of each year and shall on or before June P*‘>"““¤*· fifteenth pay the tax to the official of the United States Government I de . authorized to receive it. Every such individual, corporation, or meilz, liiliity M pay` partnership is hereby made liable for such tax and is hereby indem. nified against the c aims and demands of any individual, corporation, or partnership for the amount of any payments made in accordanp3)vs&ith the provisiolnls of this section. d b hh ld h Rm _ t t mm ncomeu onw °c an taxisr uire to ewit e att em *"°" ‘! source under thiii section shalfbe includgd in the return of the recip· hmmm Mmm` ient of such income, but an amount of tax so withheld shall be credited against the amoimt ofy income tax as com uted in such return. (e) f an tax required imder this section to lie deducted and with- ,,,,'f“,”§,,{’“l,‘,§_,l§,{,,,;‘g,§§; held is paidy by the recipient of the income, it shall not be re-collected °*°· from the withholding agent; nor in cases in which the tax is so paid shall any penalty be imposed upon or collected from the recipient of the income or the withholding agent for failure to return or pay the same, unless such failure was fraudulent and for the purpose of evading a ent. _ P ym cnsnrr Fon raxns. °'°°‘° ‘°' t““‘ Sec. 222. (a) That the tax computed imder Part II of this title Au°w°°°°S' SI18.l.l be CI'8(l.lt»6(l with: Citizens, for mms (1) In the case of a citizen of the United States, the amount of {gg gg *°*°i€¤ ¤·>¤¤· any income, war-profits and excess—protits taxes paid during the ' taxable year to any foreign country, upon income derived from sources therein, or to any possession of the United States; and Residents muum (2) In the case of a resident of the United States, the amount of saws paséssatns. any such taxes paid during the taxable year to any possession of the United States; and Mm mma"` H (3) In the case of an alien resident of the United States who is n gaming credit auéhmu citizen or sub`ect of a foreign country, the amount of any such taxes "‘ ""`" """“""‘ aid during the taxable year to such country, upon income derived iioin sources therein, if such country, in imposing such taxes, allows a similar credit to citizens of the United States residing in such count " and r5(i) In the case of any such individual who is a member of a part- beii»u%iii;lif;tc.tru5t' nershi or a beneficiary of an estate or trust, his proportionate share of such taxes of the partnership or the estate or trust paid during the taxable year to a foreign country or to any possession of the United States, as the case may be. Redmrmmtim if (b) If accrued taxes when paid differ from the amounts claimed as prsggitwes Mer fwm . . . . - - claimed, etc. credits by the taxpayer, or if any tax paid is refunded in whole or in part, the taxpayer shall notify the Commissioner who shall redetermine the amount of the tax due under Part II of this title for the year or years affected, and the amount of tax due upon such redetermination, if any, shall be paid by the taxpayer upon notice and demand by the collector, or the amount of tax overpaid, if anv, shall be credited or refunded to the taxpayer in accordance with the pro- 1l2460°—vo1. *l:0——PT 1-68