Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-06-15
Assessor's Notice.

Assessors Notice.
TINHE ASSESSOR of the First Collection District of
j Virginia, would give notice that the Assistant
Assessors of this District will proceed Immediately
assess the Income Tax for the year 1865, the said
tax to be based on tbs income of 1869. The follow.
ing decisions in relation the of the
come Tax have been issued blythe Commissioner Of
Internal Revenue: III +Het
Each person will he required to return his total
income, far scGying the sources from which It
is derived, to enable the Assistant ASSESSOR to
decide what deductions shall be made therefrom.
The inoomst tax must be assessed and paid in the
district i'll which the assessed person resides The
place where person votes entitled to vote, ia
deemed his residence. When not voter, the place
where tax on personal property is paid is held to be
the place of residence. .gs ar-s E
condition that dividend division of profits shall
he made until the expiration OF the partnership each
ember of such firm will be required to return his
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
before the Excise Law went into effect should be re-
turned as income for this year 1862. u 8. ..f5
The executors or administrators of the estates of
per.Ons who died in the year 1862 should make re-
turn of the income thereof for the year 1862.
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-
cepts for services rendered in 1862 together with an
estimate OF unrealiZed or contingent income due to
that year.
Dividends and interest payable in 1862 should be
returned as income for that year, no matter when
| declared. ~
Dividends derived from gas stock are taxablOas In
Income derived from coal mines must be returned.
although ajax has been previously paid the coal
produced. No deduction can be nude because OF the
diminished value actual Supposed oftle coal vein
or bed by the process of mining Rent derived from
coal mines is income. -EElEsa
| Premiums paid for life insurance shall not be al
| lowed hs deduction in statement of income.
/ Pensions received from tho United States Govern
MN In nttNET 18th
| taxation. r..=r -sna-..s
Old debts formerly considered hopvlessly lost, bnt
paid within the me covered by the return Of in
| come, should be inciudned in this Statement.
Debts considered hopelessly lost the 31st of De-
cember, 1862, and due to the business of tue year
lsG2 may be deducted from the profits of business;
if subsequently paid, they must be included in the
return for the year in which paid
In order TO give full effect to proviso to the 9lst
section of the act of July list 1867 respectinC the
tax on that portion OF income derived from United
States securities it is directed that when ua0Tne ID
| derived partly from these and partly from otber
sources, the 5000 and other allowances made bv law
shall be deducted, as far as possle from thai nor
ton oil income derived from other sources and stt.
| jsct to three per cent. tax 4.
No deduction eau be allowed from The taxable in.
services of a minor son.
farmer, when making return of the total amount
I OF ms 'iarm produce, shalt be allowed to deduct
thetetrom the subsistence of horses mules oxen and
cattle used exclusively in the CARRYING on nF said
farm The term 'thrnl produce'' is construed to in
cuie all productions of farm, of what nature or
| kind sOever. ~ Va
The account Of stock sold by farmer since De.
cember S1st, 1862 should not be incInIed in A. -,
sent assessment, but the profit realized therein, must
be accounted for in his years return @Wbor,
ne mas included in his return produce raised By him
aud fed in whole part to stock snbseouentlY sold
he must account for the gain realized by tho
and selling Of said stock. Where he has not ucluJ
ca the produce so fed, he must rsturn us prots the
difference between the value said stick on fb 81
| them. iOA
Fertilizers purchased by farmers to 1naipta}, ,b;
Iano IN present productive condition. will be consd
eEeu as REPAIRS IN estimating Income.
interest should be considered as income only yvba,
PAID unless 1t Is cOeCtable and remains unaid Nv
the consent Disagreement ofthe creditor :.
Losses incurred in the prosecution of busitIsss
tAr offset to gains derived from business I1,t mo-
from those portions of income derived from fixed nv
Hestnehts SUCH us bonds, mortgages rents and the
Property used in business. and furuis,ino r-os,-
when destroyed by fire, may be restored M The ~
W nose ptohts to the condition when destroy.
GU insured the difference between insurance re-
ana amount expended in restoration will be
Ihe increased value g;yOn a new building bv ner.
Ilahent improvements will be charged to capital
The contingent fund of manufacturIpp cor,,o-.-
tons made up during the year 1862 and not iItTi%
should not be returned part of the income Of
The undistributed earnings ofa cor,,ora,;o,,, -,
previous to September lst, 1862 whether the corno
aSt11 y required to pay tax on dividends or not
holders, nor should the corporation be reonirsf =
make return OF said reserved earnings as Irnstae
under section 90 OF the Excise Law 'S>9'
The income ofliterary, scientific or other Charlie,
not subject to income tax, = Al
When person boards aud rents a room ~ sso,
me rent thereof in lieu OF OF house sIo1,IS h
oeaucted from the amount of income subject to ia
Losses sustained in business since December stat
VIII not enter into the Income assessment fur
Interest on borrowed capital used In business NAV
De deducted from income, any
II planter returns AL his farm products, he will
~ Nknsan
Ing and clothing his slaVeIG =
tegatees are not required to return their l,pacios
so1sI IheFe Is special tax on leEaCies ofper-
Inc income tax Is assessed upon the actual incor,
va 1net0ao'dGS. FIRMS, as such, Will not make re
. he profits ofa manufacturer from his bnsnsss,
RoL exempt from income tax, in e0nEequence Of MS
ala tne excise tax imposed yiaw upon ar.
I4cleS manufactured by him. Hlss= 80 49,
As oFiosei express, telegraph, steam and ferrvhoat
sol1IeS or corporations are not authorized 6y la
70 Nlthhoia and pay TO GoVernment any tag upon In
tsrest paid dividend declared bJ tbSns ~
OF individuals derived from these sources Is ila6I TO
The tax, must be levied ON all dividend, 1srls-.,
pEioe TO September lst 1859 and upon ali ~
OF Payments 70 pensons in tue CIVIL military
DINER service Ofthe United states f,r
vices rendered prior to said daIe as sUcIi irfJsi
aaa proportion OF salarits not subject 10 dec
Con or assessment.
Az pefsons negectinE orrefusing to make ra4,,,
oL income except Ia case OF Sickness are bron1bt
we prescribed by the nth section
cent to the amount aseertainsd tT the 49,, per
sessor, upon such informal lasIhe can obtain 9
q Sie9 e be recovered for the United states
Blank forms win Ne LEFT by the Assistant A re-.
s9fs on v htch to make the returns on tbeSmttjS -
nlen . convenient detailed statement OF soTSc
81 Income. Ihose returns must be made to thea
Assessors within ten days from Ire time ~
= lstt' JOHN PARKINSON.
ASsessor 1st Col. Dist of y,
cameron, June nth, 1863 jun12 lwd&1tW
u enS6urg Herald, Pairmont National and Middle
bourne Plaindealere copy times and ndbfil 20 ISb,
= Hlnson, Assessor, At camerOn.l
Do NOT get s,.2y your TpEs and winter Goods