tary. Except in the case of taxpayers who are abroad, no such extension shall be for more than six months.

(b) To whom return made.

(1) INDIVIDUALS.-Returns (other than corporation returns) shall be made to the collector for the district in which is located the legal residence or principal place of business of the person making the return, or, if he has no legal residence or principal place of business in the United States, then to the collector at Baltimore, Maryland.

(2) CORPORATIONS.-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. ART. 53-1. Time for filing returns.-Returns of income (except in the case of nonresident alien individuals, as to which see section 216, and foreign corporations, as to which see section 235) must be made on or before the 15th day of the third month following the close of the taxable year. A corporation going into liquidation during any taxable year may, upon the completion of such liquidation, prepare a return for that year covering its income for the part of the year during which it was engaged in business and may immediately file such return with the collector.

ART. 53-2. Extensions of time for filing returns. It is important that the taxpayer render on or before the due date a return as nearly complete and final as it is possible for him to prepare. However, the Commissioner is authorized to grant a reasonable extension of time for filing returns under such rules and regulations as he shall prescribe with the approval of the Secretary. Accordingly, authority for granting extensions of time for filing income tax returns is hereby delegated to the various collectors of internal revenue. Application for extensions of time for filing income tax returns should be addressed to the collector of internal revenue for the district in which the taxpayer files his returns and must contain a full recital of the causes for the delay. Except in the case of taxpayers who are abroad, no extension for filing income tax returns may be granted for more than six months. For extensions of time for payment of tax, see sections 56 (c) and 272 (j) and articles 53–3, 56-2, and 272–3.

ART. 53-3. Extensions of time in the case of foreign organizations, certain domestic corporations, and citizens of United States residing or traveling abroad.—An extension of time for filing returns of income for taxable years begun after December 31, 1933 is hereby granted up to and including the 15th day of the sixth month following the close of the taxable year in the case of:

(a) Foreign partnerships regardless of whether they maintain an office or place of business within the United States;

(b) Foreign corporations which maintain an office or place of business within the United States;

(c) Domestic corporations which transact their business and keep their records and books of account abroad;

(d) Domestic corporations whose principal income is from sources within the possessions of the United States; and

(e) American citizens residing or traveling abroad, including persons in military or naval service on duty outside the United States. In all such cases an affidavit must be attached to the return, stating the cause of the delay in filing.

An extension of time for paying the tax for such years is also granted up to and including the 15th day of the sixth month following the close of the taxable year in the case of the taxpayers specified in (b), (c), (d), and (e). The installments of tax which are actually due must be paid at the time of filing the return and the other installments shall be paid as they fall due. Taxpayers who take advantage of this extension of time for paying the tax will be charged with interest at the rate of 6 per cent per annum on the first installment of tax from the original due date until paid.

ART. 53-4. Due date of return.-The due date is the date on or before which a return is required to be filed in accordance with the provisions of the Act or the last day of the period covered by an extension of time granted by the Commissioner or a collector. When the due date falls on Sunday or a legal holiday, the due date for filing returns will be the day following such Sunday or legal holiday. If placed in the mails, the returns should be posted in ample time to reach the collector's office, under ordinary handling of the mails, on or before the date on which the return is required to be filed. If a return is made and placed in the mails in due course, properly addressed and postage paid, in ample time to reach the office of the collector on or before the due date, no penalty will attach should the return not actually be received by such officer until subsequent to that date. If a question may be raised as to whether the return was posted in ample time to reach the collector's office on or before the due date, the envelope in which the return was transmitted will be preserved by the collector and forwarded to the Commissioner with the return. As to additions to the tax in the case of failure to file return within the prescribed time, see section 291.

SEC. 54. RECORDS AND SPECIAL RETURNS.

(a) By taxpayer.-Every person liable to any tax imposed by this title or for the collection thereof, shall keep such records, render under oath such statements, make such returns, and comply with such rules and regulations, as the Commissioner, with the approval of the Secretary, may from time to time prescribe.

(b) To determine 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. For requirement of statements and returns by one person to assist in determining the tax liability of another person, see sections 147 to 150.

ART. 54-1. Aids to collection of tax.-The Commissioner may require any person to keep specific records, render under oath such statements and returns, and comply with such rules and regulations as the Commissioner, with the approval of the Secretary, may prescribe, in order that he may determine whether such person is liable for the tax or for the collection thereof. In accordance with this provision, every person subject to tax carrying on the business of producing, manufacturing, purchasing, or selling any commodities or merchandise, except the business of growing and selling products of the soil, shall for the purpose of determining the amount of income which may be subject to the tax keep such permanent books of account or records, including inventories, as are necessary to establish the amount of his gross income and the deductions, credits, and other information required to be shown in an income tax return. Forms relating to Federal income taxes shall be prescribed by the Commissioner and filled in according to the instructions contained thereon and the regulations applicable thereto.

If a subsidiary corporation is not permitted by section 141 of the Act to be included in a consolidated return, but was included in a consolidated return under section 141 of the Revenue Act of 1932, as amended by the National Industrial Recovery Act, for the last period for which it was required to make a return under the Revenue Act of 1932, as amended, such a subsidiary corporation for any taxable year beginning after December 31, 1933 (during which it and the common parent corporation are members of the same affiliated group), may, in any case, make its return to the collector for the district in which the return of such common parent corporation is made. Unless its return is so made, such subsidiary corporation shall file for such year a true and correct copy of its return with the collector for the district in which the return of the common parent corporation is made. The copy shall be certified to by the same officers as are required to swear to the return, and shall be filed on or before the date prescribed for filing the return. The terms "subsidiary corporation," "common parent corporation," and "affiliated group" have in this paragraph the same meanings as in section 141 of the Revenue Act of 1932, as amended, and the regulations prescribed thereunder.

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 provisions 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 examination and inspection to such extent as shall be authorized in rules and regulations promulgated by the President.

(b) Every person required to file an income return shall file with his return, upon a form prescribed by the Commissioner, a correct statement of the following items shown upon the return: (1) name 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 such manner as the Commissioner, with the approval of the Secretary, may determine, 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.

ART. 55 (b)-1. Definitions.-Any word or term used in this article and articles 55(b)−2 to 55(b)−5 which is defined in the Act shall be given the respective definition contained in the Act.

ART. 55 (b)-2. Form of statement.-Form 1094 is hereby prescribed as the form for the statement required by section 55(b).

ART. 55 (b)-3. Persons required to file Form 1094.-Each individual, trust, estate, partnership, or corporation which is required to make an income return under the provisions of sections 51, 52, 141, 142, 146 or 187 of Title I, section 351 of Title IA, or section 702 of Title V, shall execute Form 1094 in accordance with the instructions contained on that form, and file it with the return.

ART. 55 (b)-4. Addition to tax in case of failure to file Form 1094.In the case of failure to file with the income return the statement upon Form 1094, the collector shall prepare the statement on such form and shall increase by $5 the amount of tax shown to be due on the return. The amount so added shall be collected at the same time and in the same manner as the 25 per cent penalty for failure to file an income tax return within the time prescribed by law is collectible.

ART. 55 (b)-5. Examination and inspection of the statement.-—Within a reasonable time after the income return is filed, the statement on Form 1094, or a copy thereof, under such procedure as may be prescribed by the Commissioner, shall be available for public examina

tion and inspection in the office of the collector for the district in which the return and statement were filed.

SEC. 56. PAYMENT OF TAX.

(a) Time of payment. The total amount of tax imposed by this title shall be paid on the fifteenth day of March following the close of the calendar year, or, if the return should be made on the basis of a fiscal year, then on the fifteenth day of the third month following the close of the fiscal 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 day of the third month, the third installment on the fifteenth day of the sixth month, and the fourth installment on the fifteenth day of the ninth month, after such date. If any installment is not paid on or before the date fixed for its payment, the whole amount of the tax unpaid shall be paid upon notice and demand from the collector.

(c) Extension of time for payment.-At the request of the taxpayer, the Commissioner may extend the time for payment of the amount determined as the tax by the taxpayer, or any installment thereof, for a period not to exceed six months from the date prescribed for the payment of the tax or an installment thereof. In such case the amount in respect of which the extension is granted shall be paid on or before the date of the expiration of the period of the extension.

(d) Voluntary advance payment.-A tax imposed by this title, or any installment thereof, may be paid, at the election of the taxpayer, prior to the date prescribed for its payment.

(e) Advance payment in case of jeopardy.-For advance payment in case of jeopardy, see section 146.

(f) Tax withheld at source. For requirement of withholding tax at the source in the case of nonresident aliens and foreign corporations, and in the case of so-called "tax-free covenant bonds", see sections 143 and 144.

(g) Fractional parts of cent. In the payment of any tax under this title a fractional part of a cent shall be disregarded unless it amounts to one-half cent or more, in which case it shall be increased to 1 cent. (h) Receipts.-Every collector to whom any payment of any income tax is made shall upon request give to the person making such payment a full written or printed receipt therefor.

ART. 56-1. Date on which tax shall be paid.-The tax, unless it is required to be withheld at the source (see sections 143 and 144) or unless it is to be paid by a nonresident alien individual (see section 217) or a foreign corporation not having any office or place of business in the United States (see section 236), is to be paid on or before the 15th day of March following the close of the calendar year, or, if the return is made on the basis of a fiscal year, on or before the 15th day of the third month following the close of such fiscal year. (But see article 53-3.) The tax may, at the option of the