§ 122 — Returns, payment of tax

§ 122. Returns, payment of tax. (a) General.--On or before the\nfifteenth day of the fourth month following the close of a taxable year,\nan unincorporated business income tax return shall be made and filed,\nand the balance of any tax shown on the face of such return, not\npreviously paid as installments of estimated tax, shall be paid, by or\nfor every unincorporated business having unincorporated business gross\nincome, determined for purposes of this subdivision without any\ndeduction for the cost of goods sold or services performed, of more than\nten thousand dollars, or having any amount of unincorporated business\ntaxable income.\n (b) Decedents.--The return for any deceased individual shall be made\nand filed by his executor, administrator, or other person charged with\nhis property. If a final return of a decedent is for a fractional part\nof a year, the due date of such return shall be the fifteenth day of the\nfourth month following the close of the twelve-month period which began\nwith the first day of such fractional part of the year.\n (c) Individuals under a disability.--The return for an individual who\nis unable to make a return by reason of minority or other disability\nshall be made and filed by his guardian, committee, fiduciary or other\nperson charged with the care of his person or property (other than a\nreceiver in possession of only a part of his property), or by his duly\nauthorized agent.\n (d) Estates and trusts.--The return for an estate or trust shall be\nmade and filed by the fiduciary.\n (e) Joint fiduciaries.--If two or more fiduciaries are acting jointly,\nthe return may be made by any one of them.\n (f) Returns for taxable years ending prior to December thirty-first\nnineteen hundred sixty-six.--With respect to taxable years ending prior\nto December thirty-first nineteen hundred sixty-six, the returns\nrequired to be made and filed pursuant to this section shall be made and\nfiled on or before the fifteenth day of the fourth month following the\nclose of such taxable year or the sixtieth day following the date that\nthis title becomes effective, whichever is later.\n (g) Taxpayers with credit relating to stock transfer tax.--Subdivision\n(a) of this section shall apply to a taxpayer which has a right to a\ncredit pursuant to subdivision (c) of section one hundred one of this\nchapter except that the tax, or balance thereof, payable to the director\nof finance in full pursuant to subdivision (a) of this section, at the\ntime the return is required to be filed, shall be calculated and paid at\nsuch time as if the credit provided for in subdivision (c) of section\none hundred one of this chapter were not allowed.\n