515 52 STAT.] 75TH CONG. , 3D SESS.-CH. 289-MAY 28, 1938 a certificate that he has complied with all the obligations imposed upon him by the income, war-profits, and excess-profits tax laws. (f) ADDITION TO TAX. - I f a taxpayer violates or attempts to violate Addition to tax for this section there shall, in addition to all other penalties, be added as part of the tax 25 per centum of the total amount of the tax or eficiency in the tax, together with interest at the rate of 6 per centum per annum from the time the tax became due. SEC. 147. INFORMATION AT SOURCE. Information at (a) PAYMENTS OF $1,000 OR MoRE. - -A ll persons, in whatever oPaments of $1,00 capacity acting, including lessees or mortgagors of real or personal property, fiduciaries, and employers, making payment to another person, of interest, rent, salaries, wages, premiums, annuities, com- pensations, remunerations, emoluments, or other fixed or determi- nable gains, profits, and income (other than payments described in Exceptions. section 148 (a) or 149), of $1,000 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Commissioner, under such regulations and in such form and manner and to such extent as may be prescribed by him with the approval of the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment. (b) RETURNS REGARDLESS OF AMOUNT OF PAYMENT.- Such returns oReturns regardle. may be required, regardless of amounts, (1) in the case of payments Interest on corpora- tion bonds, etc. of interest upon bonds, mortgages, deeds of trust, or other similar Collections of in- obligations of corporations, and (2) in the case of collections of items erenst on foreign (not payable in the United States) of interest upon the bonds of foreign countries and interest upon the bonds of and dividends from foreign corporations by persons undertaking as a matter of business or for profit the collection of foreign payments of such interest or dividends by means of coupons, checks, or bills of exchange. (c) RECIPIENT TO FURNISH NAME AND ADDRESS. -When necessary Rn neettdrnish to make effective the provisions of this section the name and address of the recipient of income shall be furnished upon demand of the person paying the income.nterest on Federal (d) OBLIGATIONS OF UNITED STATEs.-The provisions of this section It ons eder shall not apply to the payment of interest on obligations of the United States. SEC. 148. INFORMATION BY CORPORATIONS. pIora tions. (a) DIVIDEND PAYMENTS. - Every corporation shall, when required Divi dend pay- by the Commissioner, render a correct return, duly verified under e oath, of its payments of dividends, stating the name and address of each shareholder, the number of shares owned by him, and the amount of dividends paid to him.ro declared as (b) PRoFTrs DECLARED AS DIVIDENDS.- Every corporation shall, dividends. when required by the Commissioner, furnish him a statement of such facts as will enable him to determine the portion of the earnings or profits of the corporation (including gains, profits, and income not taxed) accumulated during such periods as the Commissioner may specify, which have been distributed or ordered to be distributed, respectively, to its shareholders during such taxable years as the Commissioner may specify. ccumulated eam- (c) ACCUMULATED EARNINGS AND PROFITs.-W hen requested by ingsandproits. the Commissioner, or any collector, every corporation shall forward
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