Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1909-08-19

authority of the United States or any
state or territory thereof, and seDar-
ateIy the amount so paid by it for
taxes imposed by the government of
any foreign country as a condition to
carrying on business therein; (eighth)
the net income Of such corporation
joint stock company or association,
or insurance company, after making
the deductions in this section author
lied. All such returns shall as re-
ceived be transmitted forthwith by the
collector to the commissioner of in
ternal revenue.
Fourth, Whenever evidence shall be
produced before the commissioner Of
| internal revenue which in the opinion
of the commissioner .justifies the be-
lief that the return made by any cor
pOration joint stock cOmptny or as
ISOLATION, or insurance company, is
incorrect, or whenever any collector
shall report to the commissioner O.
internal revenue that any corporation.
joint stock company or association,
I
make a return as required by law, the
commissioner of internal revenue may
require from the corporation, Joint
stock company or association, or in
surance company making such return.
such further information with refer
ence to its capital, income, losses, and
expenditures as he may deem expe-
dent; and the commissioner of In
ternal revenue, for the purpose Of
ascertaining the correctness of such
return or for the purpose of making
return where none has been made.
is hereby authorized, by any regularly
appointed revenue agent specially
designated by him for that purpose.
to examine any books and papers bear
ing upon the matters required to be
Included in the return of such cOrpOr-
alton, joint stock company or associa-
ton, or insurance company, and to
require the attendance Of any officer
or employee of such corporation, Joint
stock company or association, or in
surance company, and to take his tes-
timOny with reference to the matter
required by law to be included in such
return, with power to administer
Oaths to such person or persons; and
the commissioner of internal revenue
may also invoke the aid of any court
Of the United States having iurisdic-
ton to require the attendance of such
officers or employees and the prOduc-
ton of suoh books and papers. Upon
the information so acquired the com
missioner of internal revenue NAV
amend any return or make a return
where rome has been made. All pro-
ceedings taken by the commissioner
of internal revenue Ut der the provi-
sions of this section snail be subject
to the approval OF the $, cretary of tho
treasury.
Fifth All returns shall be retained
by the commissioner IF tn.crnal r. We
nue.. who shall make assessments
thereon: ard in case o. anv r.erurn
made with false or fraudulent intent.
he shall add 100 per centum of such
tax. and in case of a refusal or neg
lect to make a return or 10 verify the
same as aforesaid he shall add 50
per centum of such tax In case Of
neglect occasioned by the sickness O.
absence of an officer of such corpor-
alton, joint stock company or associa-
ton. or insurance company. required
to make said return. or for other suf-
fcient reason. the collector may al
low such further time for making and
delivering such return ae he NV deo-7
not exceeding 80 davs. /
The amount 50 added 70 the tax shall !
be collected at the same time and In
the same Mariner as the tax ORIGIN |
ally assessed unless the refusal, neg. I,
Lect, or falsity is discovered after the I
date for payment Of said taxes in /
which case the amount so added shall I
be paid BIZ the delinquent corporation, +
Ioint stock company or association. or
insurance company, Immediately upon /
notice given % the collector. All as