Page:United States Statutes at Large Volume 47 Part 1.djvu/214

 190 INCOME TAX Voluntary advance payment. Jeopardy payments. Post, p. 217. Tax withheld at source. Post, pp. 215, 216. Fr act ion ofa ce nt disregarded. Receipts on request. Evidence of tax paid. Surrender to creditor as payment on debt. Examination of return and det ermina- tion of tax. To be made as soon as practicable. Additions to tax and penalties. Negligence, etc ., p.238. Criminal penal ties, p.217. Administrative pro- ceedings. Noupayments, or overpayments. Deficiencies, p. 233 . Additions, p. 238. Transferees and fidu- ciaries, p. 240. Over paym ents ,p .24 2 Miscellaneous pr o- visions. Laws made applica- ble. Administrative pro- vis io ns, e tc ., extended to. 72d CONGRESS. SESS. I. CH. 209. JUNE 6, 1932. (d) VOL UNT ARY AD VAN CE PAYMENT .-A tax imposed by this title, or any installment thereof, may be paid, at the election of the tax- payer, prior to the d ate prescribed for i ts payment. (e) ADVANCE PAYMENT IN CA SE OF JEOPARDY.-For advance pay- ment in case of jeopa rdy, see section 146. (f) TAX WITHHELD AT SouRCE .-For requirement of withholding tax at the source in the case of nonresident aliens and foreign cor- porations, and in the case of so-called " tax- free cov enant bon ds," see sections 143 and 144. (g) FRACTIONAL PARTS OF CENT.-In the payment of any tax under this title a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to 1 cent. (h) RECEIPTS .-Every collector to whom any payment of any income tax is made shall upon request give to the person making such payment a full written or printed receipt, stating the amount paid and the particular account for which such payment was made and wh eneve r any debtor pays taxes on accou nt of payme nts m ade or to be made by him to separate creditors the collector shall, if requested by such debtor, give a separate receipt for the tax paid on account of each creditor in such form that the debtor can con- veniently produce such receipts separately to his several creditors in satisfaction of their respective demands up to the amounts stated in the receipts ; and such receipt shall be sufficient evidence in favor of such debtor to justify him in withholding from his next payment to his creditor the amount therein stated ; but the creditor may, upon giving to his debtor a full written receipt acknowledging the pay- ment to him of any sum actually paid and accepting the amount of tax paid as aforesaid (specifying the sam e) as a further sati sfaction of the debt to that amount, require the surrender to him of such collector's receipt. SEC. 57. EX AMI NATI ON OF RETURN AND D ETER MIN ATIO N OF TAX. As soon as practicable after the return is filed the Commissioner shall examine it and shall determine the correct amount of the tax. SEC. 58. ADDITIONS TO TAX AND PENALTIES. (a) For additions to the tax in case of negligence or fraud in the nonpayment of tax or failure to file return therefor, see Sup- plement M. (b) For criminal penalties for nonpayment of tax or failure to file return therefor, see section 145. SEC. 59. ADMINISTRATIVE PROCEEDINGS. For administrative proceedings in respect of the nonpayment or overpayment of a tax imposed by this title, see as follows (a) Supplement L, relating to assessment and collection of deficie ncies. b) Supplement M, relating to interest and additions to tax . (c) Supplement N, relat ing t o cla ims ag ainst tran sferee s and fiduciaries. (d) Supplement 0, relating to overpayments . P art VIMiscellaneous Pro vis io ns SEC. 61 . L AWS MAD E APPLICABLE . All administrative, special, or stamp provisions of law, including the law relating to the assessment of taxes, so far as applicable, are here by extended to and m ade a part of this t itle.