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73d C ONGRESS . SESS . II. CH. 277 . MAY 10, 1934 . INCOME TA X . RETURNS AND P AYMENT -Cont d . C orpora tions . Records and special returns . Required of taxpayer. Statement to deter- mine liability to tax. Inf ormation at source . Post, p.726. Publicity of returns . Vol.41,p.51. Re turns to constitut e public records . Items to be covered . Payment of tax. Time designated . Allowed, in four in- stallments . place of business in the United States, then to the collector at Ba ltim ore, Maryland . (2) CoRPo1ATioNs .-Returns of corporations shall be made to the collector of the district in which is located the principal place of business or principal office or agency of the corporation, or, if it has no principal place of business or principal office or agency in the United States, then to the collector at Baltimore, Maryland . SEC. 54. RECOR DS AND SPECIA L RETURNS . (a) BY TAXPAYER .-Every person liable to any tax imposed by this title or for the collect ion there of, shal l keep s uch reco rds, ren der under oath such statements, make such returns, and com ply with such rules and regulations, as the Commissioner, with the approval of the Secretary, may from time to time prescribe . (b) To DE TERM INE 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 statements, or keep such records, as the Commissioner deems sufficient to show whether or not such person is liable to tax under this title . (C) INFORMATION AT THE SOURCE . -F or requirement of st ate me nts and returns by one person to assist in determining the tax liability of another person, see sections 147 to 150 . SEC. 55 . PUBLICITY OF RETURNS . (a) Returns made under this title shall be open to inspection in the same manner, to the same extent, and subject to the same pro- visions of law, including penalties, as returns made under Title II of the Revenue Act of 1926 ; and all returns made under this Act shall constitute public records and shall be open to public exam- ination and inspection to such extent as shall be authorized in rules and regulations promulgated by the President . (b ) Every person r equired to file an incom e return shall f ile with his return, upon a form prescribed by the . Commissioner, a correct statement of the following items shown upon the return : (1) na me and address, (2) total gross income, (3) total deductions, (4) net income, (5) total credits against net income for purposes of normal tax, and (6) tax payable . In case of any failure to file with the return the statement required by this subsection, the collector shall prepare it from the return, and $5 shall be added to the tax . The amount so added to the tax shall be collected at the same time and in the same manner as amounts added under section 291 . Such statements or copies thereof shall as soon as practicable be made available to public examination and inspection in suc h manner as the Co mmiss ioner , with the appro val of the Secre tary, may d eter- mine, in the office of the collector with which they are filed, for a period of not less than three years from the date they are required to be filed . SEC. 56 . PAYMENT OF TAX. (a) TIM E OF PAYMENT .-The total amount of tax imp ose d by this tit le shall be paid on the f ifteenth day of March fo llowing the close of the calendar year, or, if the return should be made on the basis of a fisca l year, then on t he fifte enth day of the third mo nth following the cl ose of the fisca l 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
