The Alaska daily empire., 1918-03-23
133. From whom are returns 0 information required?

information required?
 Section 26, act of September & 1916, as amended provides that ev- cry corporations, joint-stock com pany, or association or insurance company subject to the Federal income tax on it's own income shall when required by the Commissioner of Interanl Revenue, render a cor rect return, duly verified under oath, of it's payments of dividend. whether made in cash or it's equiva lent or in stock. which return shall give the names and addresses oi the stockholders, the number O. shares owned by each. the aggre gate amount of dividends received by each, and the tax years and the applicable amounts in which such di vidends were earned.
 Section 27, of the same act, pro vides that every person, corporation partnership. or association doing bus mess as broker or any exchange ol board of trade or other similar place of business shall, when required by the Commissioner of Interna, Reve nue, render a correct return, dulty verified under oath, showing the names and addresses of customers for whom any business has beer transacted, with such details as to profits, losses, or other information ubich tho Com mice oioror If ;,,tor,,' Revenue may require to enable hin to determine whether all income tax due on profits or gains Of such GUS toners has been paid.
 Section 2S, same act. provides that all persons, corporations, partner ships, associations, and insurance companies making a payment to any person, corporation. partnership, as sociation, or insurance company oi interest, rent, salaries, wages, prem iums, or other items of fixed and determinable gains, profits, and in come (other than dividends or stocks or gains or profits derived from transactions on any exchange or board of trade or other similar place of business) of $500 or more during any calendar year shall ren der true and accurate return cover ing the payments made, which re turn shall disclose the names ant addresses of the recipients of such payments and the aggregate amount paid to each during the calendar year
 Under this section returns of in formation will also be required, re gardless of amounts paid, in the case of payments of interest upon bond. and mortgages or deeds of trust ol other similar obligations of corpora tions, joint-stock companies, asso citations, and insurance companies and also in the case of collections of items (not payable in the United States) of interest upon the bonds of foreign countries and interest up on bonds and dividends from the stock of foreign corporations, from all persons, corporations, partner ships, or associations which under take as matter of business or prof it the collection of foreign payments of interest or dividends by means ol coupons, checks, or bills of exchange
 Under the provisions of section g of the act of September 8, 1916, as amended, no person, corporation, part nership, or association can undertake as matter of business or for prof it the collection of foreign payments of interest or dividends by means of coupons, checks, or bills of exchange without first obtaining license from the Commissioner of Internal Reve nue. and whoever knowingly under takes to collect such payments as aforesaid without having obtained a license therefor or without complying with prescribed regulations shall be deemed guilty of a misdemeanor and for each offense be fined in a sum not. exceeding $5,OO0 or imprisoned for term not exceeding one year. or both, in the discretion of the court
 The returns which will be required under the provisions of sections 26, 27 and 2S are to be rendered under such rules and regulations as the Commissioner of Interial Revenue, with the approval of the Secretary of the Treasury, may prescribe, which rules and regulations are now in course of preparation and will soon be announced
 134. pay an annual rent, exceed. ing $500 in amount. to an agent who refuses to disclose the name of the landlord. May require the agent to furnish me with the name and address of his principal in order that I may make a proper return. of in formation?
 Yes. When an agent receives, in behalf of his principal. payment falling within the provisions ot law for information at the source, he is required by law to furnish the name and address of the principal upon re- ceipt of demand therefor from the payer, and in default of a compliance