Page:United States Statutes at Large Volume 44 Part 1.djvu/839

 $2.3 www w.--1u2·1 flmad dee  any each Eeedeiérmimtiuns and the bead herein %,we·;·11,»¤1  clmtain auch further caaditlena"ns  the com- W; The cmdita mwviéed fax: ia sahdivlaixm (g) at this  atm may, at the option affthe; taxpayer aad_1r1·@=pectlve at  ¤ m·;; a»a af ncecaatlng emalayed ia keeplag its baqika, he taken in the yeaxyln which the taxea of the fm·&@~eamm·y at thenceaeasieu at the United Stateé   subject, however, te, the eamixiaae prescribed in sabdivlaien (b) at this &i0B, It the taxpayer elects ta take auch credits in the yar in which the ga Kes af the ¤!¤re@ ccuatry or the ··»~: »:e~x»:  at the United smite mccréd, the medita fw all aammumt yum shall he Rakes upon the   basis. _ · . “ ’. _· {tit? These civetlim ahall be allewed anly it the taxpayerefur, aiahes 'evidwce atiéactcry tc the cammimwer showing the wmaut at iac·ame't1eri=é*ed= {mar scamea witheat the United waxes. aad all ether intcrmtlaa aecmary for the verifica- Aim; and ccmputatica of swhcredlt. -` (4;;; Fesfthe paqmeact this section a clmestic.ccrpgm- {$433; which awna a majarity of the voting dock 0 a toreikm aurgmratienl {rm which it meeelvu edividmda (g deqactihlg mmepwtiea 9%) in any taxable yeaxyahall de tt ' imwe paid the gm -@crti¤¤‘ of any   wa1··prc¤ta er ex<~eea·pre§t¤ taxes mid hy aaiii {weigh carpamtion to am gfqwéigu   or to aqy pcmssiou af the Uuiteé;Stntéa agaia or with ;· t to the necuéulntekl piahta of meh 1fi;•i*· Utaim corpoiatlbu {mm which mich dividends were mid; which me- ammmt of   éivideads heats to the aww of puck Vaeéutaulated mama: Provided, That the cmclit allaived tot any " fiumestic   under this auhdivtéaa shall in no cas exveetl the 'aame prapcertgou of the taxes against which it is treqitedg   the amount Qc! auch   hw}-: to the ameaat at the atlas net lncw at the Hmmm ccrpefatio: 'ia which meh dividends are included. The gterm " acczmm lated pr0m•." whea used in this aubtlivwdou in .~!‘€{€l'€l\&§ tc _ a foreign   means tx amount `ét its girls. P¤‘Q9t¤ or meme in uw` at the Q M me, wau···p:·0§ ta,` and éxcm Q_ praiits taxa t£m@B:l_ ¤p® 0:* with'  t tc sxtch P¥9m58 01 mtyme: and the,Cmm@eaer _ ct ( Internal, Revenue wit! the agemval at the 86¢i'¢£$l‘]' at    shall have; ful f power to atcrmim fw   aecuxnilated p;·c§ts.e£  what Lyeaw at years ahch Mvidmda   paid; "tmnting diviééads pak lathe Hm sixty &y¤ ot any year as   been  the   of   p i¤ yar afyeus (mites ai; his; mtidactiéa J  ummm), me m mae:  treating  U he   nsbsviag hear; mwffm@ the what remtl; aescumulated egnlm, preita, cr   lh the ez   Bef 1 fereiga mrwithm, the ;ih¢•~e,   aaa »excw··pre¤t taxes at which are ¢H€l'Ei  on the bada at an neemnhtih; varied at lan thaarcaa yea;. the w0rd·_‘*yeu" as   in th} »ss.i3¤1izid·¤a  he matmed to mah   agecmtim periqd _(t; For tu pum@ at mis section a corporation-·entltle< te the beewtu rc! 1®0 or 1®1_sha1l·bb,treated as _: "(Jum 2, 1924; 4.01_p.jm., e. 234, {Z3! 43 Stat. %.) 4 “ - . ` V 991. Tax rettuw; fail. nad emdta; v9r`f§¢iti¤p.--—(a] I-avery ecrpersum  td taxation under this chnmer shal make 4 return,     the item as lt: gmaa in came and tm deductions and @1ts aliased by this` chamex The retum malibe swam, tb by the premeat, vim #1   U idwt, a Mlm miedpai  :· anclby the treamrer or naalstaat trad: urer, Lt any mr@ earponéaa hss, ac a&ce ar was of had new lathe Uni@   but has an   ia‘tha.Ua;ted State: the   be  by tha·¤g&t, In   rc €f£iV€1‘¤.     in   a w  7; er   are 6§\6l'&ti¤§·th property at   at   mm   www or •&m¤   mts retmjns the   th anna imma: nad farm aa eerpqtntkma an     to mak
 * g3iv2S§i}§3€*¥` E3?  I . » G

mann unv%*mn   ·· § 993 xieturns. Any tux dm onitfiéebqis of smh returns made by — reeeieets, trustees, mr assigueex s1z§¥I;e‘be`_e£:lIeeted in the eeme manner as it collated trgm the cm·peretic§`§ tnn¢\sg§Bwe business g 6: meperty theyehnve cwtcdy and          _ I E,. (b) Returns made ¤ndm· tm; sectien g1: n“l1_·be subject es   _ t [}1’0ViS%i0@_U{ section 9® of this mile. In theeasw of a return — made for s trhctiennéf piart of a year, é£cep·t n remrn made E- under sumivtsicn (¤)’0f mcttem %, tm credit provided in sup ¤ division "(b) of wtion 988 sham be reduced te an mzwmtt r t which beers the same ratio to the fell credit theeein provided {as the number of months in the  fer which the retrn is s made bears to twelve months. _ ’ ¢ ) (c) There shui be included in the netnm or appendeé therete · ga tatement of meh facts as wit} enéble the C0mmi&i0n~er ef r· Internal Revenue to determine the pertien of the eemingn er E } pi·0Hts of the corporation (ineluéing gaing; ments and ineome · not taxed} accumulated during the taxable yen: fen, whwh the, return is made, which have  disttilmteé nr erdemd in be j distributed, respectively, to its shareholders énim web ymr. l (June 2, 1924,   p. nn.; c._ 234, § %§, 43  @7.) F ___0f corporations shelfbe matte ht the mme   ee   pmeided . `in subdivision (:1.) ofecetiim 967 of this tide, except &at in the '_ _. use of. foreign corporations net having any 0% 61; place ef , Qbueinegs liu the Unitede Statw returns shui.}; be mee at we  ··   as prcyided in mid .$ctien‘967 in the   df n- mm·e§&t \ alieziiniliyiciual. _ _ _ t. ‘ ’ _ ». n_ ( b) Retnfngjelgall be madefto the eznllectcr of the distticti in Y Which iq lobatéd t vt ., incipal piece of bu§ne$ er pr®ip§I B Ieifiee or agency of the » s ~·»¢tien,» er, jfit has ue  ¤ place ot business or principal  we   'égency in the Uniteé ¥_  Stat&; then to the collector at Bsltimre, r~ »»— lend; (Imc 2, F ]_924,_ {01 p._-m., ez. 234, [241,,43 Stdt. ®.) - · 993. AElisted mrporatiegg; gpgrgtg “· > fume;  ccrperatimts.-——-(a)  `whieh the s§li·t k' by the Gem T  Vzieneii ni Intternenl Revenue -   the akmevgi 1'—0f the Secretary dr the  maie z    Y of jnet income for `the puznose of this chapter, in   ag F the tnxges, thereunder shelf be ecmputed and éetermineé 3 the basis of such getum, It return _1s ‘m&& en either nt meh ¤ hams, all retni·ns· therea£tm··_    be umm 9 t basis iznleén germimen to plunge the  is granted by the B ccmmimiemwf V ‘ ·, _ ‘ T ·‘ ?' ·-_(b) In-any casein whichn tax  npen the basis Fi ·ct_ i eenmlideted return, tlie total thi shall {be eempnteé in B the mst) instance as'; unit and shall tlien be  upon { the reépective emlinted éerpcntiens in such pwrtiennn ne 3 may? be agreed upon gmeng them, or, in the gbwnce of any L inch agreement, thexf en the basis_ of the nu incenw pmw1·¥y· 5 qssignable to each. There nljtall be atkowedjn eemmting the RY income tax only end apeeinc credit cemented as pretided in K subdivisiqn (b): et section 9%. ` · · ‘ » (c)‘For the putpm of this secticm two 0: more domestic )' cexipoxvntiem shall be deemed te be emlieted (1}   em eerper¤· li me .   at 1e¤ec_e¤»p¤·$ mmm cx the mum stock or me kr other- er ethers, or ‘(2) it at ieast:95 per cmtem of the voting f· stock ex · tm: 01: more corporations e is ewned by the same tr 1 interms. A ccrpemtinn erganized endo: sections 141 to 162 ty et Title 15 (ther China 1`rade Act,—1922), ehailenet be deemed I- to be ewieted with any other éorpcretinn within the meaning L of this pection. _, ‘ a- (6% In any cme of two er more related trades or businesses ee (whether unineerperated er incerpcrated and whether prgan· 5,;  in the United Stateé or net) eiwnecf or controiled directly e of iuéirwtlj by the seme interests, the eumnxiwioner may end se at the request of the tnrpye: shall, it neeeésary in erdexnto
 * 992. Same; time {er xakbg; tewheé nie.-——(a), Return;
 * » atm within the meaning et this section may, fer any angeles
 * 1) · year, make . separate returns ei-; unda- @1;:inm bed