64 CODIFICATION OF INTERNAL REVENUE LAWS that he will duly make the return next thereafter required to be filed and pay the tax next thereafter required to be paid. The Com- missioner may approve and accept in like manner security for return and payment of taxes made due and payable by virtue of the pro- visions of this section, provided the taxpayer has paid in full all other income, war-profits, or excess-profits taxes due from him under any Act of Congress. (c) SAME-EXEMPTION FROM SECTION.- If security is approved and accepted pursuant to the provisions of this section and such further or other security with respect to the tax or taxes covered thereby is given as the Commissioner shall from time to time find necessary and require, payment of such taxes shall not be enforced by any proceedings under the provisions of this section prior to the expiration of the time otherwise allowed for paying such respective taxes. (d) CITIZENS. - In the case of a citizen of the United States or of a possession of the United States about to depart from the United States the Commissioner may, at his discretion, waive any or all of the requirements placed on the taxpayer by this section. (e) DEPARTURE OF ALIEN.- No alien shall depart from the United States unless he first procures from the collector or agent in charge 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. -If a taxpayer violates or attempts to violate 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 deficiency 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. (a) PAYMENTS OF $1,000 OR MORE. -All persons, in whatever 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 determin- able gains, profits, and income (other than payments described in 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 paymen'ts and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accu- rate 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 may be required, regardless of amounts, (1) in the case of payments of interest upon bonds, mortgages, deeds of trust, or other similar obligations of corporations, and (2) in the case of collections of items (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 ADDRES.- When necessary 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. (d) OBLIGATIONS OF UNITED STATES. -The provisions of this sec- tion shall not apply to the payment of interest on obligations of the United States.
�
