The Washington herald., 1913-10-26

accompanying coupons amounting TO,
s.........-.. and which coupons were de-
tached from s.....-....., OF bonds OF the
.arSa that we
name Of debtor)
received said coupons or orders for
registered interest from.
Of. -..-.-......,......s...... and that no
certificate of, ownership accompanied
said coupons. and / hereby aclznowedge
the normal income tax. Of per cent, In
accordance with the regulations OF the
Treasury Department"
Name ......---.-....----.-...-'.
Address .-...-.--....-.-..-......s.
Date. ........-....-....-......, 1H
This certificate shall be dated and
signed by and shall state the address
of the corporation, organization. coll
lecting agency. or person. Withholding
the tax, with full name and address.
All certificates shall be inches wide
and 1-e inches from top to bottom.
and printed on paper corresponding IN
weight and texture to glazed bond paper
l7x2S. about IS pounds to the ream OF
600 sheets. or white writing paper Ike.
about u pounds to the ream Of 900 sheets.
and the person or corporation first re-
ceiving coupons for collection shall write
or stamp his or Its name and address
and date on the back of said certificates.
Final Dispositfon of Certificates.
The debtor. or paying agents, shall
deliver all certificates with the list OF
names and addresses OF those for waom
the tax has been withheld, showing
amounts, as required by law, to the
Collector of Internal Revenue for their
district on or before the 10Th day of the
month succeeding that in which said
certificates were received by them.
Interest Due Before March 4. 1918.
The tax shall not De withheld on ,cou-
pons, or registered interest. maturing
and payable before March /, 1913, al
though presented for payment at a later
date.
License Required for Collection of
Incomc from Foreign Countries.
All persons firms. or corporations un-
dertaking' for accommodation or profit
(this includes handling either By way of
purchase or collection) the collection of
coupons, checks. or bills of exchange
for or in payment of interest upon
bonds issued in foreign countries and
upon foreign mortgages, or like obliga-
tions. and for any dividends upon stock
or interest upon obligations of foreign
companies engaged in business in for
eign countries. are required by law TO
obtain a license from the Commissioner
of Internal Revenue and to give bond
in such amount and under such condi-
tions as the Commissioner Of Internal
Revenue may prescribe.
BY whom Tax II withheld.
The licensed person. firm. or corpora
A.. anNnh
items, for collection or otherwise. shall
withhold therefrom the normal tax of
1 per cent, and will be held responsible
therefor. He Uhe licensee) shall there
upon indorse or stamp thereon the
words Income tax withheld by" (giv-
ing his or their name. address, and
date), which shall be sufficient evidence
to relieve subsequent holders or pur-
chasers from the duty Of also with
holding the income tax.
II the size or nature of such coupons
checks, SC, make IL impracticaole TO
make said Endorsements as above, a
statement identifying the item on which
tex is withheld and bearing said in
dorsement may be attached thereto with
the same effect as if the Endorsement
was made directly thereon.
List Of Tax Collections on Foreign
Items.
Such a Iicensee shall obtain the names
and addresses OF the persons from whom
such items are received and shall prepare
a list OF same and file it with the Col
ector of Internal Revenue for his dis
trict not later than the 10Th OF the month
next succeeding the receipt OF such items
The list shall be dated and shall contain
the names and addresses Of the taxable
Of fu~ hadn(fRn
and from what source collected
IN Secure tax ExemP-
tion on Foreign Items.
In the event such coupons. checks or
bills of exchange above mentioned, are
for collection by an individual
claiming the benefit of the deductions
allowable under paragraph {, Section ii,
Of the Federal income tax law, such IN
iividuaI shall be permitted to avail him
self of the deduction claimed, upon sign
ing on the form heretofore prescribed
for coupons payable in the United States
and no tax shall be deducted-for the
amount of the exemption SO claimed: or
Il such items are presented by CORPORA
tons, Joint stock companies or associa-
lions and insurance companies, organized
in the United States, the form OF GER
tificate heretofore prescribed for such or
shall be used, and in sucn
Instances no tax shall be deducted.
In both instances. the hcensee first re-
2eiving such items shall retain such GER
Lificates for delivery with the lists afore-
said to the Collector of Internal Reve-
1ue for his district, not later than the
9th of the month next succeeding that
IN which said items were received, and
With respect to said coupons, checks or
BILLS of exchange. said licensee shall at
Lach thereto identifying the items) or
ndorse, or stamp thereon the words
tax exemption claimed through
giving name and address of icensee,,
which shall be sufficient evidence to re-
ieve subsequent holders or purchasers
from the duty of also Withholding the
tax thereon
The provisions for collection of the tax
1n foreign obligations set forth in this
section of the regulations, includes the
interest upon all foreign bonds, even
though the coupons may be at the op-
ion of the holder, payable in the United
States as well as in some foreign
country.
Record Eto Re Kept by
Licensees.
All persons licensed shall keep their |
ecords in such manner as to show from
whom every such item has been received, |
md such records shall be open at all
ines to the inspection Of Internal Reve- |
lue officers.
Penalty for Omission to obtain
License.
Failure TO obtain license or to comply |
with regulations is punishable by a fine