Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-06-13
assessors Notice.

ApESo ft3f-=E 4Vtt E4hlu stESets
Assessors Notice.
THE ASSESSOR of the Firat Collection District of
i Virginia, would give notice that the Assistant
Assessors of this District will proceed to
assess the Income Tax for the year 1858 the said
tax to be based ths income of 1862 The follow
ing decisions in relation to the of the In
come Tax have been issued blythe Commissioner of
Each person will te required to return his total
income, 70 far specifying the sources from which it
ia derived, to ENABLE the Assistant Assessor to
decide. what deductions shall be made thereiron
The income tax must be assessed and paid in the
district in which the assessed person resides The
place where person votes or entitled to vote, is
deemed his residence. Wien not voter, the place
where tax on personal property is paid is held 10 be
the place .Ofresidence. 81 -e-
In cases of limited partnerships, formed with the
condition that dVidendo division of profits shall
be made until the expiration of the Partnership each
ember of such firm will be required to return his
share of profits arising from suCh business for the
year 1862, as, had they desired division of the
profits could have been made.
Gains profits realized from the sale of property
during the year 1862, which property was purchased
turned as income for the year 1862.
The executors or administrators of the estates of
persons, who died In the year 1862 should make
turn of the income thereof for the year 1859.
merchants return of income should cover the
business of the year 1862, excluding previous years
Uncollected accounts must be estimated
Physicians and lawyers should include actual re-
ceipts for services renderein 1852 together with an
estimhte Of unreaized or contingent income due to
Dividends and interest payable in 1862 should be
returned as income for that year, no matter when
declared. ----r
Dividends derived from gas stock are taxable as in
come. 7TE
Income derived from coal mines must be returned,
although tax has been previously paid tho coal
produced No deduction eau be made because of the
diminished value, actual supposed, of the cOalVein
or bed by the process of mining Rent derived from
Premiums paid for life insurance shall not be al
lowed as deduction in statement of income
hal ifuT1NQ tatn
| taxation. ~ rlE ~ -
paid within the time covered by the return Of in
come, should be inciudued in this statement
Debts considered hopelessly lost on the 31st of De-
cemDer, 1862 and due to the business of the year
1862 may be deducted from the profits OF business;
subsequently paid they must be included In the
return for the year In which paid.
In order to give foil effect to the provso the 9lst
section Of the act Of July 1852, respecting the
tax on that portion OF income derived from United
States securities it is directed that when income is
derived partly from these and partly from other
sources, the 5000 and other allowances made by law
shall be deducted, far possible from that mr.
ton OF income derived from other Sources and sub
ject to three per cent. tax. lEsf -
No deduction eau be allowed from the taxabIes In
| come of a merchant for compensation paid for the
| services of a minor
A farmer, when making return of fhe total an,oDpt
OF ms farm produces" shall be allowed to deduct
therefrom the subsistence of horses mules oxen and
cattle used exclusively in the carrying on of said
farm. The term Farm produce" is Construed tn in
Sinde all productions of u farm, of what nature or
u
The account OF stock sold by a farmer since No.
cemDer S1st, 1862 should not be included in the Dre
sent but the profit realized thereby must
be accounted for in his next years return. Where
he has included in his return produce raised bv him
and fed in whole part to stock snbsequently soiJ
ne must account for the gain realized by the feein
and selling Of said stock. Where he has not I'M
ed the produce fed, he must return as profits the
difference between the value ofsaid STOCK On tTsIs
| them. ZOE
Fertilizers purchased by farmers, to maintain their
ANT TlFFNF fYANfW sHEAf-
cred as ''repars"i in estimating income
Interest should be considered as income only when
paid, unless 1t is cOllectable and remains unEaid nv
the consent or agreement of the creditor -
incurred in the prosecution of business ara
tSIE eset 70 gains derived from business but not
tuose portions of income derived from fxed in
xestments such as bonds, mortgages, rents and the
Property used in business, aud furnishing prof,tu
when destroyed by fire, may be restored ne he e'
psnse OF those profits to the condition when destroy
cd; Uninsured, the difference between insnran[a's
cetyed and amount expended In restoration vii, he
Theincreased value given new building IN, n.r-
not income. 20 e'N ~ caP'Iai-
The contingent fund of manufacturing corpora.
tlons' made up during the year 1861 mot distrif
the stockholders. RI. - "a s-'e i'l'Olne OF
Inc gnassEbnted earnings Of corporation made
previous to September LIST, 1852 whether ne CORR
ration is required to pay tax on dIyidenTa nv ~
I9ta not Dc considered as the income Of the stoS
holders nor should the corporation be reGuirsiSS1
make return of said reserved earnin1s a. 1870 70
un 1sG section 9S o. the Excise Law. N'''e''
~, income OF literary, scientific, or other charIta
ole institutions, in the hands of trustees nv o$
notsubject to income tax SS''eks2 70 4
4, wien q person boards, and rents room or roo,,
the rent thereof in lieu Of rent Of bo,ISs
Ssuetea nom the amount Ofincome subject to t.
Losses sustained in business sircs 1,.s,Ai |
1913 viii not enter into the income assessment fo
h. On borrowed capital used in business may
~ all his farm products, I,o will,
S a%S 70 deduct the Of snbsst
lns sua eloth1ng his slaves.
,egatees are not required to- returntheir lepscis,
I There ts special tax on legacies Of nsr
Son I property In section Ill. " Pef-
the income tax IL assessed uuon tho oct,.t T.. z
turns1 as fsmqs a. such viii make re-
! he profits ofa manufaetur from, HIS ,u,v,Do.,
nom income tax,ain consequences Of his
tioss me sSet9e tax Imposed by law upon ar
AZ bridge express, telegraph steam and f,,, =.
Or CORPORATIONS are not authorize SsTs
terest paid dividend declared Nv 49, uon M
derived hem these sources is Liable f
Thetax; must be levied ON an ,,,,,;,.,
y september 4st 1862, and upon All ~
naSSS Of nents 70 persons in the civil miitsrA
; " otner service of the United STATE E1 ~.
Slees rendered prior to said date "a; LOT SER
ton or were not subject to deduc-
an AlL persons negecting or refusing to rn.l-s
ftisn ~ III case Of sickness, are bronSht
offe act al II5 ~ PTTesSesd BY section
Sens 70 me amount ascsrtainsd by the 4ssaD9t per
penalty Of 800; to BE t San obtain aud
with costs fault - 81 ioF the United States,
or on lSE3s VII the Assistsnt Asses.
y inco y detailed statement Of
ista1t tno:e returns must be made to the a.
y '''' p s-4sd JOHN PARKINs(N.s -''y j
Camsron ,o,, Assessor LIST Col. Dist Of Va.
! June Jun 1gth, 1853. iunI2 iWd&1tE
lHellS6urg Herald, Fairmonk n STts5,.
SSqE1s plaiRdealer copy tesand nd biII TO gob1