Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-07-21
Assessors Notice.

lTlHE ASSESSOR Of the Firt Ooileetion DtstTiet Of
virginia, WOuld give notice that the Assistant
Assessors Of this District will proceed immediately to
assss the Income Tax for the year 1s6S, the sid
tax 20 be based On th income Of 1850. The folIow-
int Ne isionI Ia relation the assessment Of the
come Tax have been Issued by.ths Commissioners OF
: ch ,srSo,, viii Re required to return his total
iueonie 20 far specifying tue sources from which It
is derived, TO enable the Assistant Assessor 70
The income tax must be Assessed and paid In the
district In which the assessed person resides The
deemed his residence. When not voter, the place
where personal property Is paid = held @ be
Ia eSsS Of limited partnershIps formed With the
condition that dividend or division OF profits shall
be made until the expiration Of the
e1aber Of such firm viii be required 70 return his
share Of profits arising from such business t0r the
year 1863 had they desired, division Of the
profits could have been mada-
GAINS or profits realized from the sale Of property
daring the year sd2- vhish property ~Ss P1Tshes-d
before the Excise Law went into eject, should be ~
turned ~ income Tor tn year 1862
The executors admit istrntOTs OF the estates OF
per ons, who died in the year 1862 should make re-
turn Of Ihs incOue thereof for ths year lS62. . 8
| 4 msIehA t's return of ineUins should cover the
bu,insas year 1902 -Seln ling previous years.
UneOn eted necUuuts must be estimated 10
PhS sIeians and lazy ers shOuId include actual
ceipts for rendered In 1862 together with
estimate ct unreaiLsl or eOntngsnE income due TO
Dividends and interest pa, able In 1852 shouId be
returned u income fur that lear, n mAttsri when
Divdruds derived from gas stock are tnxabIs q in
come.
although AK hss been previously pdl On the eeai
I'D. deuu tou IAN be rIa1e beeAnse Of the
DIMINISHED VHius actual d. Of The Coal TeIn
bed b. the process Of uilHlGS. ksuTdefiVrd iron
I,r,siaE,s raid Tor life Insurance shAlI got be A.
| lowed as n deduction ~ 3 II. msnt Of INCOME.
| Pensions reject. ed from Els OhIted state GOVern-
be reSu' ned with VtHer ineUHe su'JSet ~
Jd Irots, formerly considered hOpeIesIy 10 bur
| pai within the Z FsIed b. tue Te'Eru Of Az
| cone hUu d De ineIucu q IA this staten &
Debts cVn-ldere hOpele sly iost n thr Slst OF De-
| &c ati.sT 1864 and the bu ADess OF sea-
i-6l, may Be ductsd frum the prOdts Of basiHes--
Il rub ,qu ntiy IN the mas, be Included Ia tn
return for the year In which paid
| A. UI.er give DuuNtt nrprOVtso 70 the Slrt
section the Il Juy .sE, lb6-, r.ePeciIuk Ihs
aE on that portion o. 10 orn= er yea frur1 UbiIeI
rt.ies ecu1ities &c lie direct. that when ES ir
q r.rsd pa :Iy truu Ehras auI IzAriiy FRO = vLhs.
,OuFez-, the S6E OtH-r ali Wsuces ni4ie o l-N
sta Dc ueduCted- - tar ~ posi- ie iT0Si tia ET
/ tIon 81 Ine0Ipe derived r"n other sOuIeOs,
| lee 20 thee per cent tax. t.a. ~
No deductions be al on ed frcsn the taxable :.
coma OF ca Mt GOr compensation lz.u fJr Ii.e
| services Of q miROT son.
a amer, l,,l. ~ .n return the total azaoani
- hi, .-faFII pGoduo :" shsl. aIO- ID " dSSlucI
tLsrefrotn subsistence OG hOrs mules, oxen,
cattle u-ed eNe'n,i'ey N inc Carrying ca 81 SSi"
farm. Thr term 'IaEnE PHSduca - construed ~ 10
Gu ali production, OF "a farm, Of what Il-ture
The a count OF stock sold by farmer since De
cember 3lst lso2 shOuId not included in the pre-
sent assessment, but the pTVdt rea1 thereby 1ust
be account for his next 49, 49,; it; ~ Ne,
has adsd AS nus return prOauee RAISED " him'
fed in whole "a part to stO;k snps squeuty SOLO,
he mu 81 account for gaia realized b the feeding
and selling said sEOck. Where he has nut Ibeiud-
ed the produce fed, be must return a. Pronts he
dierebce between VAlue u said &c OK the Slst
Of December, 1861, and the amount realized Tor
them. a.. -... a...s..
Fertilizers purchased by farmers to maintain their
land in present productive condition, will be ennaid
| errd as ..repairs'' in estimating income.
Interest should be considered A. income only when
paid, unless IL IL cosctabls and remains unpaid b.
the consent or agreement Of the creditor;
Losses Incurred in the prosecution 0f opsinesa are
ir Offset To aiis derived from b0siness, hut MOI
from tose portions OfiucOme derived from fixed IN
yesiHsutS, such ~ bonds mortgages rents and tie
| Property used In business aud Furnishing pTOhts
when destroyed by fire, may be restored, AT the ex-
pensc OF those profits to the condition when destroy
/ ed; Ifinsured the difference between Insurance
ceiVed aud amount expended in restoration will be
The increased value given q new building by per
| maDeut improvements will be charged to capital
| line Contingent fund Of manufacturing corpora
tOns up during the year 1861, and not distrib
uTed should not be returned part OF the income OF
The uniistTibuted earnings of . corporation, made
previous september lst 1869, Nhethsr the eOFPO-
ration is requ red to pay tax dividends or not,
should not considered the income OF the stock
holders, should the corporation be required to
make return OF sHid reserved earnings as trustees
| under section % OF the Excise Law.
The ,ncome Vt literary, scientific, other chaTta-
BILE institutions in the hands OF trustees or OtheTG
| not subject 70 income tax.
When person boards, and rents room or rooms,
the rent thereof IN lieu OF rent OF house should oe
deducted from the amount Of Income subject 70 tax
Losses sustained in business since December LIST,
1869, VIII not enter into the income assessment for
Interest on borrowed capital used Ia business may
be deducted from income
Ifa plan er returns AL his farm products, he viii
be allowed deduct the actual expense Of subBst-
| ing aud clothing his Slaves
LeEatets are not required TO return their Gseies
income there is special tax on tegAeieS u per
sonal property 10 ssctiou III,
d
OF iHdiUIdHGs. FiTmG, ~ such. viii lot make re-
tuFnA.
NIT exempt from income tax, In Consequence Of his
having paid the exci~a tax inpOsed by law upon
IirIes manufactured By him.
As brlIge, express, telegraph team and ferIyboat
conipRuIes corporations not authorized b1 law
to Withhold and pa TO Governments Euy tax upon in
teTest Uaid, IVidr declared b item, ali income
Of IudiVduA derived Grsn these sources Liable 10
Inc me tag.
rhg tax must be Levied on Al dividends declared
prior september lSt. 1862 and upJn ali slA les u
p. nsnts 20 peIsO = "a the civil, military
| naval oh service OF tho United tatss Z, SER
proportion Of EsiIUi wvrs not subject 70 dedEc
| tlOn VI c-aes tneut
All peFs reg Getting OF refusing 70 make return
Il iucuIe. except IN ca-e e srkhsss, are brought
Eith the p. nsIties , tserb bJ tbe II. Ia s-etIOu
" the Of july lst 1909 viz: ID IIiOh Of 81 PEI
cent. the AIpouh' GscsTttiurd by the Asa giant
uT upon su for nlHit esiI an obtain, and =
PENALTY 81 - be recovered Tor the UnIodsIhtes,
BIanL iorBss will Ls left by the Assistant Ass-.
sor9 on ~hch TO uAte the ,eturn., On ne 90 "a @
Of income. ThO-e returns mu-t be mad. TO she ~
sIsiant AssessUTs WiIhin en- = from he tim th5y
] ,,tidrd. JOHN "a KIN y {
A.-etsor list "a. Dis. Va
TRUSTEES SALE.
! ,IY ,irtue Of a deed oI trust raseHfed By tIusi