Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-07-04
Assessors Notice.

ing de isiOns in relation to the assessment of the In
Internal Revenue: -.I-.r.
Each person will Re required to return his tota
70 ' n aaSs tIs ,b from Eneh
decide what dednctlons shall be made thersfrOm.
J The income tax must be assessed aud paid In tn
district in which the assessed person resides. Til
place where person votes, is entitled to VOTE
deemed his residence When not a voter, the placu
where tax on personal property is paid is held to
In cases Of limited partnerships formed with th
condtiOn that dividend or division of profits shal
be made until the expiration OF the partnership, eacl
ember of such hrm will be required to return hi
share OF profits arising from such business, for thu
year 1862, as, had they sc desired, division Of th
profits could have been made.
Gains profits realized from the sale Of property
during the ear 1852, which property purchased
before the Excise Law went into effect should be re
turned as income for the year 1862.
The executors or administrators Of the estates o.
per'ons, who died nthe year 1852 should make re-
turn Of the income thereof for the year 1869.
merchaht's return of income should cover the
business Of the year 1892 excluding previous years
| Unsolicited accounts must be estimated.
| Physicians and lawyers should include actual re-
csipts for services rendered In 1862 together with
estimate OF unrealized or contingent income due TO
Dividends and interest payable in 1862 should be
returned as income for that scar, NO matter when
declared.
Dividends derived from gas stock are taxable as In
come. -a.- |.El-.tssr.. 10 .ls -....
Income derived from coal mines must be returned,
although tax has been previously paid the coal
produced. No deduction can be made because Of the
diminished value, actual OF supposed, the eOalve
or bed by the process of mining. Rent derived from
coal mines is income.
Premiums paid for life insurance shall not be al
lowed as a deduction In statement Of income.
Pensions received from the United States Govern
ment must be returned with other income subject to
taxation. i't'
Old debts formerly considered hopeIsSsIy lost but
paid within the me covered by the return Of in
come, should be inoludued in this statement.
Debts considered hopeleesly lost on the S1st Of De-
cem5er, 1852, and due TO the business Of the year
1852, may be deducted from the profits Of business;
II subsequently paid, they must be included in the
return for the year in which paid.
In order to give full effect to Iheproviso to the 9Ist
section of the act Of July LIST, 1862 respecting the
tax on that portion of income derived from United
States securities 1t is directed that when Income 10
derived partly from these aud partly from other
sources the 5000 and other allowances made by law
shall be deducted far possible, from that POr
tion Of income derived from other sources and Sub-
ject to three per cent, tax. I'll E.AE
No deduction can be allowed from the taxable in
come of a merchant for compensation paid for the
services of n mAor son. e E n 4 III
A farmer, when making return Ofthe total amount
of his ''farm produce" shall be ALLOW ed to deduct
thererom the subsistence Of horses, mules oxen, aud
cattle used exclusively in the carrying OF said
farm. The term "farm produce is construed to in
clude all productions OF farm, Of what nature or
kind soever.
The account Of stock sold by farmer since De-
cember S1st, 1852 should not be included in the pre-
sent assessment, but the profit realized thereby must
be accounttd for in his next years. return. Where
he has Included In his return produce raised BY him.
and fed In whole part to stock subsequently s0d
he must account for the gain realized by the feeding
and selling Of said stock. Where he has not nclud
ed the produce 50 fed, he must return, profits, the
difference between the value of said stock the 3lst
Of December, 1851, and the amount realized for
Fertilizers purchased by farmers to maintain their
land in present productive condition. will be consd
cred as "repairs" in estimating income.
Interest should be considered as income only when
paid, unless 1t 10 collecable and remains unpaid by
the consent or agreement the creditor. j. E..
Losses incurred in the prosecution Of business
afAir Offset to gains derived from business but not
from those portions OF income derived from hxed in
yestnentS such as bonds mortgages, rents, and the
like. ~ .- Or's ~ fEEH 7.
Property used in business, and furnishing profits,
when destroyed by fire, may be restored, At tue
pense OF those profits to the condition when destroy
ed; II insured, the difference between insurance
allowed. r.t
The increased value given a new building by per-
mHueut improvements will be charged to capital
not income, .F.. F- f.t..tt TT r+Fr
tons, made up during the year 1861, and not dstrib
uted should not be returned s part Of the income Of
the stockholders. ....r .-... r-
The undistributed earnings of a corporation, made
previous to September LIST, 1862 whether the cOTpo
ration is required to pay tax on dividends or not,
should not be considered the income of the stock
holders, nor should the corporation be required to
make return of Paid reserved earnings trustees,
under section 93 OF the Excise Law. a.,- F.. .r
The income literary, scientific, other charita-
BILE Institutions in the hands of trustees or Others h
not subject to income tax. ---...s-Fg
When person boards, and rents room or rooms,
the rent thereof in lieu Of rent Of house. should be
deducted from the amount Of ncome subject 70 tax
N
Losses sustained In business since December s1st
1867. lgTIGT -
Interest on borrowed capital used In business may
be deducted from income.
liza planter returns all bis farm products h will
be allowed to deduct the actual expense OF subsist-
ing and clothing his slaves. 3D.. o. --'-~.7
Legatses are not required to return their gacies
us income There Is special tax on legaces Of per-
sonal property In section III.
The income tax ts assessed upon the actual income
turnS.
he profits ofa manufacturer from his business are
not exempt from income tax, in consequence Of his
having paid the excise tax imposed by Law upon Ar.
ticles manufactured by him. iall -alf.-1 20 80
As bridge, express telegraph, stOam and ferFyboAt
companies or corporations n not authorized by law
to withhold and pay to Government any tax upon in
terest DRd dividend declared by them, all Income
Of derived from these sources Is Liable to
income tax. s-s-f.
The tax must be levied on all dividends declared
prior to september lst 1862 and upon ali salaries Of
Ocers or Paymeutg to persOGs in the civil, military
naval other service Of the United stateS fJT
vices rendered prior to said da such dividends
aud proportion OF salaries not subject 70 deduc
= An psrsons uegIsetIhg or refusing to make return
of income, except in Of sickness, are brought
OF the act Of July Ist 1862 ViE I'D tion Of SO per
cent to the amount AsceTAined by the Assistant As
sessor, upon such nformatiOnashe can obtain, and
penalty OF SlUU to be recovered for the
Blank forms win he len by the Assistant Asses.
Sors which to make the returns, the outside of
which Is = convenient detailed Etatement of
Of income. Those returns must be made % the As
sistant Assessors within ten days from he time they
are lett. Ha-- y s 1zIi e JOHN PARKINSON.
-Hsl Ia 9.s. ala1ss Assessor 1st Col Dist. Of Va.
Cameron, June 10th, 1858. juul3 IWd<w
HEADouARTERs DEPARTNENT OF THE MONoHsAHELA,
e.,.z., o,t.- Ma 4 ti''1FR 1nns lS' isSS
The Presjdeuts proclamation calling for SIX
months troops does not supefcode the orders estab
lishing Departmental Corps, the, nature OF which
service appears 20 be misunderstoOd Il IL not de-
signed to keep this organization In active serVice for
any definite period, but simply 70 establish and keep
up an organization for the protection and dsenee o.
L ~. -. mi L. 4. -.