Page:United States Statutes at Large Volume 58 Part 1.djvu/261

 58 STAT.] 78TH CONG. , 2D SESS.-CH. 210-MAY 29, 1944 this chapter. In such case the tax shall be computed by the collector. "(2) RESULT OF COMPUrATION. -A fter the collector has com- puted the tax, he shall mail to the taxpayer a notice stating the amount determined by the collector as payable and making demand therefor. "(3) REGaLATIoNs. - The Commissioner with the approval of the Secretary shall prescribe regulations for carrying out this subsection, and such regulations may provide for the application of the rules of this subsection to cases where the gross income includes items other than those enumerated in paragraph (1), to cases where the gross income from sources other than wages on which the tax has been withheld at the source is more than $100 but not more than $200, and to cases where the gross income is $5,000 or more but not more than $5,200. Such regulations shall provide (A) for the application of this subsection in the case of husband and wife, including provisions determining when a joint return under this subsection may be permitted or required and what constitutes a joint return, whether the liability shall be joint and several, and whether one spouse may make return under this subsection and the other without regard to this subsection, and (B) whether and the extent to which the benefits of this subsection may be availed of, in the case of taxable years begin- ning in the calendar year 1944, by persons required to make or making payments of estimated tax with respect to any such tax- able year. "(4) METHOD OF ELECTION.- The election to have the benefits of this subsection shall be made by making return on the form pre- scribed as the form for the return for the purposes of this sub- section. An election so made shall constitute an election to pay the tax imposed by Supplement T." (c) FIDUCIARY RETURNs.- Section 142 (a) (relating to fiduciary returns) is amended by striking out paragraphs (1) to (5), inclusive, and inserting in lieu thereof the following: "(1) Every individual having a gross income for the taxable year of $500 or over; "(2) Every estate the gross income of which for the taxable year is $500 or over; "(3) Every trust the net income of which for the taxable year is $100 or over, or the gross income of which for the taxable year is $500 or over, regardless of the amount of net incomei "(4) Every estate or trust of which any beneficiary is a non- resident alien." (d) INFORMATION AS TO WHIOLL TAX EXEIPT INTEREST.- T he sec- ond sentence in section 22 (b) (4) is amended to read as follows: "Every person owning any of the obligations enumerated in clause (A), (B), or (C) shall, when so required by regulations prescribed by the Commissioner with the approval of the Secretary, submit in the return required by this chapter a statement showing the number and amount of such obligations owned by him and the income re- ceived therefrom, in such form and with such information as such regulations may prescribe." . SEC. 12 . PAYMENT IF TAX NOT COMPUTED BY TAXPAYER. Section 56 (relating to payment of tax) is amended by inserting at the end thereof the following: "(i) PAYMENT OF TAX IF NOT COMPUTED BY TAXPAYE.- Where under section 51 (f) a taxpayer who is an individual is permitted to file return without showing the tax thereon, and the tax is to be 93650-6--PT. --- 16 Ante, p. 232 pod, p. 647. 53 Stat. 60. 26 U. S. C., Supp. III, § 142 (a) (1)-(5). 53 Stat. 10 . 26 U.s.. . Supp. II, i 22 (b) (4). 53 Stat. 31. 2BU..C.156; Supp. 11 i56. Ante, p. 234 Ante, p. WO.

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