SIXTY·FOURTH CONGRESS. Sess. I. Ch. 463. 1916. 763 any district collector shall render a correct return f th , ¤'°°¤ ’¤¤· profits, and income of the partnershi , except incoing exefiniimatriihlcidr comm °h°mm' section four of this Act, setting forth Elie item of the oss income and the deductions and credits allowed b this title, angrthe names and addresses of the individuals who would be entitled to the net eamings, profits, and income, if distributed. (f) In every return shall be included the income derived from divi— I,§§§*n°j‘;°w”°m °°*· dends on the capital stock or_from the net earnings of any corporation, P0 ’ ` ]omt-stock company or association, or insurance com any exceptthat . . , _P r P intiihe cg np6n&re§zdte;1St iliarflns iu}c;;1in<§oré1eddenved from sources wi ou e m a s no me u e . (g) An individual keeping accounts upon any basis other than that B“·’“°*°*-*1* *¤°°¤¤• of actual receipts and disbiusements unless such other basis does not mmm clearly reflect his income, may, subiect to regulations made by the Cp ner of Inteiipalhlisevenue, with thezlpppfoval of the Spucrpltailjgg o e asuryn1ae_ returnupon e asisuponwc _ accounts are kept, mdwhich case the tax shall be computed upon his income as so returne . Assnssmmzrr nm ADMINISTRATION. ·¤d ¤¤· Sec. 9. (a) That all assessments shall be made by the Commis- N°°°°°"°"· sioner of Internal Revenue aud all persons shall be notified of the
- 1lmou1titJfor which they arerespectivelydliabge on or befplisltlhg Psymm
ay o une 0 eac successive year an said amounts s pai ‘ on pr before atéhe fifgeenth daydof Jiine, egccept m caspslscgf regisaldor neg act tom esuc return an incases 0 erroneous, , or au u- lent returns, in which cases the Commissioner of internal Revenue §°°‘,,;,l’§ shall, upon the discovery thereof, at any time within three years mmafter said return is due, or has been made, make a retxun upon information obtained as provided for in this title or by exnsting law, or require the necessary corrections to be made, and the assessment made by the Commissioner of Internal Revenue thereon shall be paid by such plerson or persons immediately upon notiiiicatioln of tha sum mr mupsr amount of suc assessment- and to any sum or sums ue an unpa1 m.,,t_ after the fifteenth day of june in any year, and for ten dsys after noticefand demand thereof ply the col ecgor, there sléall bg a tded gah? sum 0 Eve per centum on the amount o tax un ai , an in eres_ a the rate of one r centum r month upon said tax from the time PG P0 . the same became due, except from the estates of insane, deceased, or insolvent persons. _ _ (b) All persons, firms, copartnerships, companies, c0I'p01‘qt10¥{S, mgggilggrizgfdgoreinzl joint-stock companies,_ or associations, and insurance compamesi m whatever capacity acting, including lessees or mortgagors of rea or personal property, trustees acting in any trust capacity, executors, ”d’5`i“i“’f“’"’ ’?°‘?§°”u ‘*‘€“3°‘éi“';2§S’h°"“’l°’2,i.‘Z" Jffieiu ifgi.'? an em oyees o e D1 e a aving _ y custody? disposal, or paymenttof interest, rentt, salar1es,l é pr; miums, annuities, com nsa ion remuneraion, emo , other fixed or determinagile annual or periodical gains, profits, and income of another (person, exceeding $3,000 for taxable year, Dmdmds not h__ other than income erived from dividends on capita stock, or from cream, the net earnings of corporations ancL]oint-stock pomlgaaues or ciations, or insurance companies the income o w c is axa e under this title, who are required to make and render a return in behalf of another, as provided herein, to the collector of his, her, or its district, are hereby authorized and required to deduct and withhold frogdisuch alninual or periodiclaal gainsglnirofits, and (acipxb [aug}; ` be s cient to ay e norm ax impose ix tille, and shall pay thd) amount withheld to the officer of the '{y em- par United States Government authorized to receive the same; and in:.
