TH FOREWORD HE War Tax Law of October 3, 1917 has made many changes in the Income Tax Law of September 8, 1916. This booklet has been prepared with the view of summarizing the provisions of the Income Tax Law and the regulations of the Treasury Department which are applicable to non-resident alien individuals, partnerships, fiduciaries and corporations. The War Excess Profits Tax, which is in addition to the Income Tax, is not covered in this booklet. Our booklet "The War Excess Profits Tax Law" should be consulted for questions concerning this tax. Owing to the fact that there are questions which are unsettled, changes in the regulations may be made which will affect statements contained in this pamphlet. The officers of the Guaranty Trust Company of New York will be glad to give information relating to any questions not covered in this booklet or concerning any changes which are made by future regulations. Guaranty Trust Company of New York March, 1918 f ARDED Income Tax Law of the United States Summary of Provisions and Regulations affecting Non-Resident Alien Individuals, Partnerships, Fiduciaries and Corporations Rate of Tax INDIVIDUALS Non-resident alien individuals are subject to a normal income tax of two per centum upon the entire net income, as hereinafter described, derived from sources within the United States, not including dividends from stocks of corporations organized in the United States. On net income in excess of $5,000, including income from dividends on stock of corporations, which are taxable upon their net income under this law, and income on which the normal tax has been paid at the |