OCR Text |
Show PENALTIES FOR CORPORATIONS. Chicago, May 12. Three thousand corporations in the Chicago district, which have failed to file schedules with Internal Revenuo Collector Joseph Jo-seph M. Fitch may bo forced to pay approximately $30,000,000 in penalties to the government On June 1, Mr. ' Fitch will ask United States District Attorney Sims" to institute suits against all tho corporations cor-porations delinquent on that date. Final notices have been sont to all. i The penalty for failure to respond is a flno of from $1,000 to $10 000. On the other hand, approximately 12,000 corporations in this district have filed schedules, and It is believed thousands of dollars more In taxes will be collected this year than last, when the law first became applicable. on |