Page:United States Statutes at Large Volume 68 Part 1.djvu/1107

 68 S T A T. ]

PUBLIC LAW 761-SEPT. 1, 1954

1075

of subparagraph (A) of this paragraph and subparagraph (B) of paragraph (3), the provisions of section 211, other than paragraphs (1), (4), and (5) of subsection (c), shall be applicable; and any excess of income over deductions resulting from such a computation shall be his net earnings from self-employment and any excess of deductions over income so resulting shall be his net loss from self-employment. " (C) For purposes of this subsection, an individual's wages shall be computed without regard to the limitations as to amounts of remuneration specified in subsections (a), (g)(2), (g)(3), (h)(2), and (j) of section 209; and in making such computation services which do not constitute employment as defined in section 210, performed within the United States by the individual as an employee, shall be deemed to be employment as so defined if the remuneration for such services is not includible in computing his net earnings or net loss from self-employment. " (5) For purposes of this subsection, wages (determined as provided in paragraph (4)(C)) which, according to reports received by the Secretary, are paid to an individual during a taxable year shall be presumed to have been paid to him for services performed in such year until it is shown to the satisfaction of the Secretary that they were paid for services performed in another taxable year. If such reports with respect to an individual show his wages for a calendar year, such individual's taxable year shall be presumed to be a calendar year for purposes of this subsection until it is shown to the satisfaction of the Secretary that his taxable year is not a calendar year." (e) Section 203(f) of such Act is amended to read as follows:

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^ ^^ J^ ^pp loslpost. p. io78. ant^e.^pp.^io5 2^ 1054/1061.

^^ ^sc 403.

"Penalty for Failure To Report Certain Events " (f) Any individual in receipt of benefits subject to deduction under subsection (b) or (c), (or who is in receipt of such benefits on behalf of another individual), because of the occurrence of an event specified therein (other than an event specified in subsection (b) (1) or (c)(1)), who fails to report such occurrence to the Secretary prior to the receipt and acceptance of an insurance benefit for the second month following the month in which such event occurred, shall suffer an additional deduction equal to that imposed under subsection (b) or (c), except that the first additional deduction imposed by this subsection in the case of any individual shall not exceed an amount equal to one month's benefit even though the failure to report is with respect to more than one month." (f)(1) The heading of section 203(g) of such Act is amended to read "Report of Earnings to Secretary". (2) The first sentence of paragraph (1) of section 203(g) of such Act is amended to read as follows: "If an individual is entitled to any monthly insurance benefit under section 202 during any taxable ' '.

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42 USC 402; a n t e,

p.

1073;

year in which he has earnings or wages, as computed pursuant to post, pp. 1079, paragraph (4) of subsection (e), in excess of the product of $100 ^°inte!°p*.^074. times the number of months in such year, such individual (or the individual who is in receipt of such benefit on his behalf) shall make a report to the Secretary of his earnings (or wages) for such taxable year." (3) The third sentence of paragraph (1) of such section 203(g) is amended by striking out "seventy-five" and inserting in lieu thereof "seventy-two".

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