53 STAT.] 76TH CONG., 1ST SESS.-CH. 367-JULY 26, 1939 CORPORATION RETURNS SEC. 16. Every corporation not expressly exempt from the tax imposed by this title shall make a return and pay a filing fee of $25 which shall be credited against the tax. Such returns shall state specifically the items of its gross income and the deductions and credits allowed by this title, and such other information for the pur- pose of carrying out the provisions of this title as the Commissioners may by regulations prescribe. The return shall be sworn to by the president, vpresiresident, or other principal officer, and by the treas- urer, asstant treasurer, or chief accounting officer. In cases where receivers, trustees in bankruptcy, or assignees are operating the prop- erty or business of corporations, such receivers, trustees, or assignees shall make returns for such corporations in the same manner and form as corporations are required to make returns. Any tax due on the basis of such returns made by receivers, trustees, or assignees shall be collected in the same manner as if collected from the corpo- rations of whose business or property they have custody and control. TAXPAYER TO MAKE RETURN WHETHER RETURN FORM IS SENT OR NOT SEC. 17. Blank forms of returns for income shall be supplied by the assessor. It shall be the duty of the assessor to obtain an income- tax return from every taxpayer who is liable under the law to file such return; but this duty shall in no manner diminish the obliga- tion of the taxpayer to file a return without being called upon to do so. TIME AND PLACE FOR FILING RETURNS SEC. 18. All returns of income for the preceding taxable year shall be made to the assessor on or before the 15th day of March in each year, except that such returns, if made on the basis of a fiscal year, shall be made on or before the 15th day of the third month following the close of such fiscal year, unless such fiscal year has expired in the calendar year 1939 prior to the approval of this Act, in which event returns shall be made on or before the 15th day of the third month following the approval of this Act. EXTENSION OF TIME FOR FILINO RETUIRN SEC. 19. The assessor may grant a reasonable extension of time for filing income returns whenever in his judgment good cause exists and shall keep a record of every such extension. Except in case of a tax- payer who is abroad, no such extension shall be granted for more than six months, and in no case for more than one year. In the event time for filing a return is deferred, the taxpayer is hereby required to pay, as a part of the tax, an amount equal to 6 per centum per annum on the tax ultimately assessed from the time the return was due until it is actually filed in the office of the assessor. ALLOCATION OF INCOME AND DEDUCTIONS SEC. 20. In any of two or more organizations, trades, or businesses (whether or not incorporated, whether or not organized in the District of Columbia, and whether or not affiliated) owned or controlled directly or indirectly by the same interests, the assessor is authorized to distribute, apportion, or allocate gross income or deductions between or among such organizations, trades, or businesses, if he determines that such distribution, apportionment, or allocation is necessary in order to prevent evasion of taxes or clearly to reflect the income of any of such organizations, trades, or businesses. The provisions of this section shall apply, but shall not be limited in application to any Requirement for making. By receivers, trus- tees, or assignees. Collections. Duty of taxpayer to file return. Time and place for filing returns. Extension of time. Limitation. Interest. Allocation of income and deductions. Application of pro- visions.
�
