Page:United States Statutes at Large Volume 42 Part 1.djvu/297

 SIXTY-SEVENTH CONGRESS. SEss. I. Ch. 136. 1921. 269 or_to_supply such information at the time or times re uired under '“°°“ "“· this title, or who willfully attempts in any manner to defeat or evade the tax unposed by this title, s all be guilty of a misdemeanor and Punishmeuttcr. shall be Hned not more than $10,000 or imprisoned for not more than one year, or both, together with the costs of prosecution. RETURNS or PAYMENTS or DIVIDENDS. Dmd°°°p°ym°°”‘ Sec. 254. That every cor oration subject to the tax imposed by bieepripiieisiiriiliiis °f’ this title and every personalpservice corporation shall, when required by the Commissioner, render a correct return, duly verified under oath, of its payments of dividends, stating the name and address of each stockholder, the number of shares owned by him, and the amormt of dividends paid to him. RETURNS or BROKERS. Br°km' Sec. 255. That every individual, corporation, or partnership doing buiiinlg-strigiaucinseubg business as a broker shall, when required by the Commissioner, render a correct return duly verified under oath, under such rules and regulations as the Commissioner, with the approval of the Secreta , rnaygrescribe, showing the names of customers for whom such ini·l§i— vrdu, coglporation, or partnership has transacted any business, with Dame such deta` s as to the profits, losses, or other information which the Commissioner may re urre, as to each of such customers, as will enable the Commissioner to determine whether all income tax due on profits or gains of such customers has been paid. INFORMATION AT s0rm.cE. wiixtmation at SEc. 256. That all individuals, coriporations, and partnerships, in persons whatever capacity acting, includirag essees or mortgagors of real or¥ZK6h1%1lil.$£ m °[ personal property, iiduciaries, an employers, making payment to another individual, corporation, or partnership, of interest, rent, salaries, wages, premiums, annuities, comlpensations, remunerations, emoluments, or other fixed or determinab e gains, profits, and income E U (other than payments described in sections 254 and 255), of $1,000 sdm? °°°' or more in an taxable year, or, in the case of such pa§ments made By Umm sms, by the Unitedy States, the officers or employees of the nited States ¤¤¤•r¤- having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Commissioner, under such regulations and in such form and manner and to such extent as may be prescribed b him with the approval of the Secretary, settmg forth the amount ofy such gains, profits, and income, and the name and address of the recipient of such payment. _ mmm Such retums may be required, 1i)ega§dless of amouii1t2d§1)frrt;1:;e ¤.m,.,¤,,,f’{,'t§f"“* case of a ments 0 interest u on on s, mortgages, 0, _ _ or other? sirmilar obligations ofp corporations, and (2) in the case of ,,.,,,,.,.,,°°"°°°""_,,§°"“"‘” collections of items not payable in the _United States) of mterest upon the bonds of foreign countries and interest upon the bonds of and dividends from fore` corporations by mdividuals, corporations, or artnershi, underteiiiirg as a matter of busmess_or for profit the collection of fhleign pa ments of such interest or dividends y means of coupons, checks, or bills of exchangle. _ _ _ _ Nmand When necessary to make effective the provisions of this section the ,,,d,,,,,,,d_ name and address of the recipient of income shall be furnished upon demand of the individual, corporation, or partnership paying the 1I1¢0¤16· To be mae mu The provisions of this section shall appxljg to the calendar year 1921 yen. and each calendar year thereafter, but sh not apply to the payment of interest on obligations of the United States.