OCR Text |
Show PROCESSING TAX ON HOGS Commissioner of Internal Revenue Guy T. Helvering stated today that it has been brought to the attention of the Bureau of Internal Revenue that in many instances farmers and others are slaughtering hogs and selling the products to consumers without payment of the processing tax. This is in violation of the Agricultural Ag-ricultural Adjustment Act and regulations regu-lations promulgated , there under, which provide that any person who slaughters hogs for market must file appropriate returns and pay the processing pro-cessing tax thereon. The tax applies even in the case of the producer who slaughters his own hogs and sells or otherwise disposes dis-poses of all or any part of the products. pro-ducts. Heavy penalties are provided for violation of the law or evasion of the tax and any person who slaughters hogs and sells all or any part thereof there-of should confer with the collector of internal revenue for his district who will assist him in preparing and filing the required returns. |