This section is from the book "Business Law - Case Method", by William Kixmiller, William H. Spencer. See also: Business Law: Text and Cases.
1. Individual:
(a) Fine - not less than $20 or over $1,000.
(b) There shall be added to the tax 5% of the amount thereof, and 1% per month from time it became due.
2. Corporations:
(a) Fine - not exceeding $10,000.
(b) There shall be added to the tax 5% of the amount thereof, and 1% per month from time it became due.
1. Individual or officer of a corporation:
(a) Fine - not exceeding $2,000, imprisonment for one year, or both.
2. Corporation:
(a) Fine - not exceeding $10,000.
(OR $4,000 FOR MARRIED COUPLE): (a) Fine of $300.
ALL PERSONS UNDERTAKING AS A MATTER OF BUSINESS, THE COLLECTION OF FOREIGN PAYMENTS OF INTEREST OR DIVIDENDS MUST TAKE OUT A LICENSE UNDER PENALTY OF FINE NOT EXCEEDING $5,000, OR ONE YEAR's IMPRISONMENT, OR BOTH.
THE DISTRICT COURTS OF THE UNITED STATES ARE GIVEN JURISDICTION (IN CASES WHERE PERSONS ARE SUMMONED BY A COLLECTOR TO APPEAR AND TESTIFY REGARDING THEIR RETURNS) TO COMPEL SUCH ATTENDANCE, PRODUCTION OF BOOKS AND TESTIMONY.
 
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