New-York tribune., 1913-11-19
Official Records To 30 Made.

COLLECTORS OF internal revenue receiV-
ing notices OF the selection and designa-
ton OF the fiscal years as above indi-
Gated. Will make record OF the same, re-
cording (a) the name OF the corporation,
or like organization: (b) the date when
the notice was given (c) the day deslg-
mated for the closing OF the fiscal year,
and Id the date when the return, under
such designation. must be hled' "hich
must be. as above stated. not later than
the last day OF the sixty-day period next
following the day designated as the close
OF the fiscal year.
III Il shall appear that for the cur
rent year the notice was given within
the prescribed time-that Is. within
thirty days OF the last day OF the sixty
day period-the 1918 return may be MADE
AS OF the fiscal year so established
otherwise II will be made on the basis or
the calendar year until such time as the
designation shall be duly made and no.
tlce thereof properly given.
The designation and notice cannot De
retroactive: that is TO say, II corpora
ton now desgnates April 30, 1914. as the
date of the closing OF It's fiscal year ana
gives notice OF such designation, II would
NOT be authorized TO make a return for
the four months ended April 30. 1915. and
then for the fiscal year ended April S'
1914. nor would IT be authorized to make
one return covering the entire sixteen
months ended April 80 1914. In the case
of such corporation, the return Tor the
current year must be made for the cal
endar year ended December 81, 1913. ana
then. assuming that designation and no
tice had been properly made and given.
IL may make a return for the four months
ended April 30, 1914. and thereafter the
return will be made on the OASIS Oh the
fiscal year 80 established
I'm all cases where a fiscal year is not
esta blshed as above prescribed, returns
must be made on the basis OF the calendar
wear. in which case such returns must
be filed on or before March l next sue
ceedng such calendar year.
Must Be True Returns.
such returns for the period covered
must be true and accurate, dennite ana
complete, and. In as far as consistent
with the provisions Of the law, must con-
form to the showing made by the books
OF the company, and must be verified
under oath or affirmation OF Its president
or other principal officer. and Its treas
urer or assistant treasurer; that Is TO say,
by two different persons acting In the
official capacity indicated
IF 1t shall appear in any case that re-
turns have been made TO the collector on
the basis of fiscal year not designated
as above indicated, the corporations max
ing such returns will be advised that
such returns cannot be accepted, but
must be made to cover the business OF
the calendar year.
Returns made under this act and pur-
suant to these instructions must be made
on the new forms prescribed by this de-
partment The forms heretofore In use
under the special tax law carnot be used
for making returns for either the fiscal
or calendar year 1913
III returns OF such corporations as have
properly established a fiscal year are due
TO be made before the new forms are
available, the collector will be authorized
to grant an extension of time to such
not exceeding thirty days.
for the filing Of such returns, by which
time the new forms prescribed will be
available for distribut9n.'