SEVE NTIETH CONGRESS . SESS. I. Cii. 852. 1928. under oath such statements, make such returns, and comply with such rules a nd regul ations, as the C ommissio ner, wit h the ap proval o f the Secretary, may from time to time prescribe . (b) To determine liability to tax .-Whenever in the judgment of the Commissioner necessary he may require any person, by notice served upon him, to make a return, render under oath such state- ments, or keep such rec ords, as the Com missione r deems sufficie nt to show whether or not such person is liable to tax under this title . (c) Information at the source .-For requirement of statements and ret urns by one pers on to as sist in determin ing the tax liab ility of another person, see sections 148 to 151 . SEC. 55. PUBLICITY OF RETURNS . Returns made under this title shall be open to inspection in the same manner, to the same extent, and subject to the same provisions of law, including penalties, as returns made under Title II of the Revenue Act of 1926 . SEC . 56. PAYMENT OF TAX . (a) Time of payment .-The total amount of tax imposed by this title shall be paid on the fifteenth day of March following the close of the calendar year, or, if the return should be made on the basis of a fiscal year, then on the fifteenth day of the third month follow- ing the close of the fiscal year . (b) Installment payments .-The taxpayer may elect to pay the tax in four equal installments, in which case the first installment shall be paid on the date prescribed for the payment of the tax by the taxpayer, the second installment shall be paid on the fifteenth 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 ninth month, after such date . If any i nstallmen t is not paid on or before the date fixed for its p ayment, the whole amount of the tax unpaid shall be paid upon notice and demand from the collector . (c) Ext ension of time for payment .-A t the request of the ta x- payer, the Commissioner may extend the time for payment of the amount determined as the tax by the taxpayer, or any installment 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 shall be paid on or before the date of the expiration of the period of the exte nsion . (d) Voluntary advance payment .-A tax imposed by this title, or any i nstallme nt there of, may be paid, at the election of the t ax- payer, prior to the date prescribed for its payment . (e) Advance payment in case of jeopardy .-For advance pay- ment in case of jeopardy, see section 147 . (f) Tax withheld at source .-For requirement of withholding tax at the source in the case of nonresident aliens and foreign corpo- rations, and in the case of so-c alled "t ax-free covenant bonds," see sections 144 and 145 . (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 payme nt 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 whenever any debtor pays taxes on ac count of payments made or to be made by him to separate creditors the collector shall, if Vol. 44 p.51. Payment of tax . Time designated. 809 INCOME TAX Special statements. Information at the sou rce . Post, pp . 836, 837 . Publicity of returns . Inspection of, as in Revenue Act of 1926 . Allowed in f our in . stallments. Whole amount on de- fault . Extension all owed on request. Payment on expira- tion. Prior to prescribed da te . Jeo par dy payments. Post, p . 836. Tax withheld at sou rce . Pos t, pp . 833-835 . Fractions of a cent disregarded . Receipts on request.
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