SIXTY—SEVENTH CONGRESS. Sess. I. Ch. 136. 1921. 251 (1) Every individual having a net income for the taxable year of I §{9‘&“E,"`“i . $1%000 or over, if single, or if married and not living with husband or <;g;ri1¤<;l$1?<l00iIf;i¤12i2: wi e; · (2) Every individual having a net income for the taxable year of ,,§’”2·G°°*i‘ma"i°d· $2,000 or over, 1f married and living with husband or wife; ' (3) Every mdividual having a gross income for the taxable year ofg*<>S¤i¤¤¢¤¤¤¤ Over of $5,000 or over, regardless o the amount of his net income; $5’°0°' (4)_ Every estate or trust the net income of which for the taxable $,E(§§"°S °"“‘S*S°"°' year is $1,000 or over; and ’ ` aug? Every estate or trust of which any beneficiary is a nonresident b,1§§§;§’,ff§,‘;{" ‘*“°“ (b) Under such regulations as the Commissioner with the approval BY l°“" m“°“‘“‘”· of the Secretary may rescribe a return made b one of two or more joint fiduciaries and Bled in the office of the collector of the district where such fiduciary resides shall be sufficient compliance with the above requirement. Such fiduciary shall make oath (1) that he has °“’h·°°°· sufficient knowledge of the affairs of the individual, estate or trust for which the return is made, to enable him to make the return, and (2) that the return is, to the best of his knowledge and belief, true _ _ and correct. Any fiduciary required to make a return under this b1?°`”Si°” °pph°°' Act shall be subject to all the provisions of this Act which apply to individuals. nnrunxs ron A rnmon or mss THAN ·rw1:Lvn Momns. zwllfitulilgriliilssmm Sec. 226. (a) That if a taxpayer, with the approval of the Com- i¤;]?iiS$5`l1};i°c!ii»Q°fi°;,~°i•'.i1i°` missioner, changes the basis of computin net mcome from fiscal ear to calendar year a separate return shalll be made for the period between the close of the last fiscal ear for which return was made and the following December 31. lf the `change is from calendar ear to fiscal year, a selparate return shall be made for the period between the close of the ast calendar year for which return was made and the date designated as the close of the fiscal year. If the chan e is from one fiscal year to another fiscal year a separate return shgll be made for the period between the close of the former fiscal year and the date designated as the close of the new fiscal ear. Mmm ¤ . ot computa- (b) ln all cases where a separate return is made for a part of a mm. taxable year the net income s all be computed on the basis of such period for which separate retum is made, and the tax shall be paid thereon at the rate for the calendar year in which such period is included. (c) In the case of a return for a period of less than one year the F°*"°°°““°•Y*=°'· net income shall be placed on an annual basis by multiplying the amount thereof by twelve and dividing by the number o months included in such period; and the tax shal be such part of a tax computed on such annual basis as the number of months in such period is of twelve months. rum Arzn rinon ron mma INDIVIDUAL, Panrmznsnir, Ayn F~¢¤¤’¤¤- FmUo1AnY RETURNS. Sec. 227. (a) That returns (except in the case of nonresident T“”°'°"m”"‘ aliens) shall be made on or before the fifteenth day of the third month following the close of the fiscal year, or, if the return is made on the basis of the calendar year, then the return shall be made on_or py m,u,8s,d,,,t before the 15th da of March. In the case of a nonresident alien =¤¤¤¤¤· individual returns shall be made on or before the fifteenth day of the sixth month following the close of the fiscal year, or, if the return is made on the basis of the calendar year, then the return shall be E,,,,,,,,,,,, ,,,,_ made on or before the 15th day of une. The Commissioner may ¤*•*•·*·
