Page:United States Statutes at Large Volume 48 Part 1.djvu/725

 73d C ONGRESS. SESS. II. CH. 277 . MAY 10, 1934 . day of the third month, the third installment on the fifteenth day of the sixth month, and the fourth installment on the fifteenth day of the nin th mo nth, after such date. If any installment is not pa id on or befo re the dat e fix ed for its paym ent, the w hole amoun t of the tax unpaid shall be paid upon notice and demand from the collector. (c) EXTENSION OF TIME FOR PAYMENT .-At the request of the tax- payer, the Commissioner may extend the time for payment of the amoun t det ermin ed as the tax by the taxp ayer, or any in stall ment thereof, for a period not to exceed six months from the date pre- scribed for the payment of the tax or an installment thereof. In such case the amount in respect of which the extension is granted sha ll be p aid on or before the da te of the ex pir at ion of the period of the extension. (d) VOLUNTARY AD VA NCE PAYMENT .-A tax imposed by this title, or any installment thereof, may be paid, at the election of the tax- payer, prior to the date prescribed for its payment. (e) ADVANCE PAYMENT IN CASE OF JEOPARDY .- F or advance pay- ment in case of jeopardy, 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 covenant bonds " , see sections 143 and 144 . (g) FRACTIONAL PAR TS 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 .- Ev e ry collector to whom any payment of any income tax is made shall upon request give to the person making su ch payment a full written or printed receipt therefor. SEC. 57. EXAMINATION OF RETURN AND DETERMINATION OF TAX. As soon as p racti cable afte r the retu rn is file d the Comm issio ner sha ll ex am ine it and shall determine the co rr ect 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 Supple- ment M. (b) For criminal penalties for nonpayment of tax or failure to fi le return therefor, see section 145 . SEC. 59. ADMINISTRATIVE PROCEEDINGS. For ad minis trati ve pr oceed ings in re spect of the no npaym ent or overp aymen t of a tax impo sed by thi s tit le, see as foll ows (a) Supplement L, rel at ing to assessment and col le cti on of defic ienci es. (b) Supplement M, relating to interest and additions to tax. (c) Supplement N, relating to claims against transferees and fiduciaries. (d) Supplement 0, rel at ing to overpayments. Pa rt VI-Miscellaneous Pro vi sio ns SEC. 61. LAWS MADE APPLI CABLE. All administrative, special, or stamp provisions of law, including the law relating to the assessment of taxes, so far as applicable, are hereby extended to and made a part of this title. 699 INCOM E TAX. RETURNS AND PAYMENT-Contd, whole amount, on default. Extending time upon request. P aymen t on expir a- tion. Voluntary advance payment. J eopar dy pa yment. Post, p. 725 Tax withheld at source. Post, p. 723. Fractions of cent dis- regarded. Receipt on request Return and deter. mination o f tax. E xamin ation of. Additions to tax and penalties. N eglig ence, etc. Post, p 748 . Criminal penalties. p.724. Administrative pro- cee di ngs . Nonpay ments, or overp aymen ts. Deficiencies, p. 740 . Inter est a nd ad di- tions, p. 746. Trans feree s and fidu - ciaries, p. 748. Overpayments, p .750. MIS CEL LA NE- OUS PROVISIONS Laws made appli- cable. Administrative, etc ., provisions extended to.