Page:United States Statutes at Large Volume 44 Part 3.djvu/1391

 mwx. _ 2803 I accme Taz, Title I I, Revenue Act of 1926- P•¤¤ Income Taz, Title I I , Revenue Act of 1926-- Y¤¢°· Continued. Continued. . . citizens of possessions, but not resi- dedciency, etc., correct amount of, to be dents or citizens of the United, redetermined by Board- ....... 56 States taxed only on income restriction on determining additional, from United States sources ..... 52 by Commissioner, hereafter .... 56 computation and vyment of tax .... 52 notice of mathematical error in re- not applicable to irgin Islands- .... 52 turn not anotice of-- .......... 56 collections in Porto Rico and the Phil- facts in redetermining, bg Board .... 56 iprpines as by ugrior law ..... --- 52 date of dual decision of card ...... 56 autho ty of ins r legislatures to prorating of installments--- ........ 56 amend, etc ................... 52 interest authorized upon, or part--- .. 56 income _of citizens, etc., from sources extension of payment for, ·to prevent within possessions of the United undue hardship ............... 57 States ....................... 53 bond required; interest to be paid- 57 gross income construed as from additional interest if not paid- 57 United States Z sources, if 80 additional tax if, due to negligence- - 57 per cent derived therefrom in due to fraud, etc ---..-.- 57 previous years .---. - .- 53 additional tax, for delinquency- - -· ---. 57 if 50 per cent of corporation in- on extension of time- -.-.-- 57 come derived from active busi- interest to be paid, if deficiency, etc., ness in the possessions. 53 not paid on demand- ..-.-- 57 if 50 per cent of individual income to be collected from Educiaries ---__ 58 derived from active business in not- applicable if bond Hled ---.- 58 the possessions --. 53 assessment - to be within three years amounts received within and without after return filed -..--. 58 the United States to be in- no court proceeding after that cfuded in gross income- ..---..- 53 period .....- ;- --...--.-.- 58 provisions not applicable to Virgin four years for 1921, and succeeding Islands -...-- 53 years under Acts of 1921 and China 'I‘rade Act corporations pro- 1924 -..- - ---.--. 58 visions -.-.-, ---... 53 tive years for prior years under former credit allowed for proportion of Acts -- - --.--.-.--.-- 58 dividends from, to residents one year of income received in life of of China .--..-.---..- 53 decedent, on request of executor, certificate to Commissioner of etc --.--.---. 58 special dividend -.--.- 53 four years if corporations make no additional to all other payments-- 53 returns, but shareholders in- in proportion to shares owned 53 clude share of distribution in ownership of stock ..---..--- 54 returns .--..- 58 meaning of "China" .-.-.--- 54 suspension of running of statutes of payment of tax by taxpayer, other than limitation, during period of pro- nonresident alien, etc., on desig- hibition of. .. - 58 nated date -.-.--- - .-.---. 54 at any time, if returns false or fraudu- by nonresident alien, etc-- .---. 54 lent ..... 59 in installments allowed 54 for deficiencies under prior Acts-- 59 whole amount on failure to pay-- - 54 on written agreement with tax- extension of time on request- --- 54 payer -...--..-.- - --.--.- 59 payment on expiration .--.. - -.--- 54 collection of income, etc., tax, by dis- nterest to be collected - - ---.. 54 traint, etc., limited to prescribed prior to prescribed date allowed -..- ‘ - 54 periods --.. o- ---...-- -- -- 59 provisions not applicable to payment prior proceedings not barred ..-- 59 'at source., ...-...- -. ....... - 54 not authorized, if barred by statutory returns tobe examined and` determined limitation --.-.---...- 59 _ as soon as practicable .-,-- 55 jeopardy assessments --.---.---.- 59 overpayments on installments. to be immediate assessments_,· etc., of defi- credited or refunded -..--- - 55 ciencgsif jeopardued by delay- - 59 deficiency determined if amount im- notice to mailed .-.- - --- 59 posed exceeds returns. of tax- authorized if deficiency greater or payer -.--.-..-.- 55 less than former notice; redeter- if no amount returned, etc., then on · mination by Board-.- .--.-- 5 y- ,- previous assessment; .-.--- 55 restriction after decision by Board--- ` dedciency determined by Commissioner not allowed if petition for review__ to be notified to taxpayer -. .55 filed .--.-.-- - -.---..- 1 60 appeal to Board allowed --.-- -. 55 if made, collection stayed on filing no assessment, etc., until notice bond, etc.; condition- ---.- 60 mailed, etc.-- ...- J .- ; ---.- 55 if bond given before petition filed injunction by court procedure amount to be paid on notice, allowed- ---...--- 55 etc.; interest- -...-. - ---.-. 60 redetermined amount of, to be paid collection of amount covered by, if appeal filed --.- 55 stayed; edect of waiver of stay- -. 60 payment of, on demand if no appeal collection, etc., of, when decision of filed .-..- 55 Board final --.--.-..- - 60 restrictions as to, may be waived_by interest; additional, if not paid taxpayer ---.- 56 when due -..---.---.. 60

�