Federal Income Tax Laws Correlated and Annotated; Being a Compilation and Annotation of All Federal Income Tax Laws Beginning 1861 and a Correlation O

Federal Income Tax Laws Correlated and Annotated; Being a Compilation and Annotation of All Federal Income Tax Laws Beginning 1861 and a Correlation O

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 edition. Excerpt: ...of the deficiency, plus interest at the rate of 1 per centum per month on the amount of the deficiency of each installment from the time the installment was due. If the understatement is false or fraudulent with intent to evade the tax, then, in lieu of the penalty provided by section 128 The provision for the collection of excise taxes by assessment under Sec. 38, Act of 1909, not being exclusive, the government is entitled to bring a common law action of debt to collect taxes due under said Act, even though no assessment is made. U. S. v. Minneapolis Threshing Machine Co., (D. C., D. Minn., F. D. 1915) 229 Fed. 1019; U. S. v. Grand Act of 1916. Act of 1913. Act of 1909. FIFTH. 1 All returns shall be retained by the Commissioner of Internal Revenue, who shall make assessments thereon; 128 and in case of any return made with false or fraudulent intent, he shall add one hundred per centum of such tax, and in case of a refusal or neglect to make a return or to verify the same as aforesaid he shall add fifty per centum of such tax. In case of neglect occasioned by sickness or absence of an officer of such corporation, joint-stock company or association, or insurance company, required to make said return, or for other sufficient reason, the collector may allow such further time for making and delivering such return as he may deem necessary, not exceeding thirty days. The amount so added to the tax shall be collected at the same time and in the same manner as the tax originally assessed unless the refusal, neglect, or falsity is discovered after the date for payment of said taxes, in which case the amount so added shall be paid by the delinquent corporation, jointstock company or association, or insurance company, immediately upon notice given by the...show more

Product details

  • Paperback | 164 pages
  • 189 x 246 x 9mm | 304g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236646312
  • 9781236646316