Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-07-03
Assessors Notice.

IfIIuE ASSESSOR OF The Rirsf Collection District
I'll Virginia, would give Eoiice that the AssistAn
assess the Income Tax TOR the year 1Go3 abe sal'
tax to be bassd on th Income Of 1864. Tie filog
ing de isnus in TelRtionto the lssessment Of the In
I dome Tax have been is-Ged by the Commissioner 0
internal Revenue: .T-Es
!, Each person will td required - return his t0ta
INCOME 70 far sp zcifytng the sOuFtes from which
&. derived as to enabfe the Assstanr Assessor q
decide what deductions shall be made thGrefrUm. =
The income tax must be assesset and pait in III
dstrict in which the assessed. peFsOn resdes. Thl
uSace where person votes, or g entitled 70 vote, 4
. deemed his residence. When nDt;k voter lhs plao'
where tax personal property isPaid e held 70 b
In cases Of limited pArtnersh ps fornsd With th,
dondition that dividend dgiabn Of pfodts alal
e made until the expiration Of thepAftnefshp, eael
| 4 ember of such frm viii be required to rpturu hi
fhare Of profits arising fr0 such DusinesS, for TIL
kear 1852 as had they 20 daSired a division Of thl
| brotits could have been made. .rf.l5fa e =.
Gains or profits realized froc The sale of property
Turing the year sd2 which property was PeE EchAsed
before the Excise Law lsnt iuto entl GhDuId be re
turned as lncomef for thayear 1861 o. lgi
The executors or aduip IstratOrS Of the estates o.
turn Of the income thereof for tie year 1859.
4 A merchants return Of income Hhould cover the
business Of the year 1851 e1cUting previous years
| tneUIected accounts must be eAtlmAted.
Physicians and lawyers should include actual re-
teipts for services rendered in 1872 together with an
fstimate of unrealized or contingent income due to
Dividends and interest payable in 1862 should be
returned as income for that year no matter when
| declared. .. .
Dividends derived FROM gas STOCK taxable as In
come.
II Income derived from coal mines must be returned
although tax has been previously paid on the coal
ip-oduced. No deduction can be made because Of the
diminished value, actual or supposed, Of the coal vein
Or bed by the process Of mining Kent derived IRON
local mines is income.
\ Premiums paid for life insurance shaI not be al
lowed ss u deduction in statsnsnt Of income:
II Pensions received from the United Statea Govern
ment must be returned with other income subject TO
taxation.
Old debts, formerly considered lost, but
paid within the me COVERED by the return Of in
come, .hould be includusd in this statement,
Debts considered hopeiessy lost on the 31st OF De-
csmber, 1863, and due tU the business Of the year
1862, may be deducted fnnm the profits Of busineaa
If subsequt entity paid, they must be included In the
return for the year in which pail.
Iu order TO give full effect To the pr0vsO to the 9lst
section Of Che act Of July LIST, 1864 respecting ths
tax on that portion of income derived from unite1
derived partly from these aud partly tron other
Sources the 5000 and other allowances made by law
shall be deducted tar possible, from that POr
ton Of income derived from other Sources and sub
tsct to three per cent tax. -
No deduction can be allowed from the taxable in
come OF me'ehant for compensation paid for the
services OF u minor son.
A farmer, when making return OF the total amount
of his farm produces" shall be allowed to deduct
thererom the subsistence Of HORSES mules oxen, and
cattle used exciusiYsIy IN the carrying OF said
farm. The term farm produce ID Construed 70 In
clude all productions Of farm, Vf what nature or
The account of stock sold by farmer since De-
cember 31st, 1892 should not be included in the pre-
assessment but the profit realize thereby must
be account d for in his next years return. Where
has inc uded in his return produce raised by him,
and fed iu whole or mart 70 stock bssq uentIy sold
he must account for the gain realiEBd by the feeding
and selling of said stock Where be has mot Incud-
cd he provcs Sofei he must rsIarn. as DTo6tS. the
difference between the value OF said &c OK the 3lst
OF December, 1salI and the amount realized for
them.
land Ia pCoseat pSgactiSe conditon win be consid-
cred as ''repairsiyi n estiraa Az lncoII,A
paid, unless II s eoIIectaSIe and remSins unpaid bJ
the consent agreement Of the creditor a-.
Losses incurred IN the prosecution Of buHines are
from those portions ofincoms derived from hxed in
Vestnents, such bonds, mortgages, rents, and the
like M llI -
Property used in business, aud Furnishing profits,
when destroyed by fire, may be restored ~ the
pense OF those profits To the condition when destroy
ed; II insured the difference between insurance
ceived and amount expended In restoration will be
allowed. ~" 80
The increased Value gwen q new building BY per-
mAnent Improvements will be charged 70 caPital-
not income. i
tions made up during the year 1861 and not istrib
ted should not be returned rs pArt Of the income
the stockholders. s.-1Eus -Hlas a1eA
The undistributed earnings of corporation, made
previous TO September lst 1882 Whether the corpO-
ration is required to pay tax on dividends OF not,
should not be considered the income Of the stock
holders should the corporation be required to
make return Of said reserved earnings trustees,
under section 93 oil the Excise Law.
The income Oflterary, scientific, or other ehaTtta-
BILE institutions in ths hands Of trustees ethers Is
not subject 70 Income tax.
When person boards, aud rents AFOOm or rooms,
the rent thereof in lieu Of Of house, should be
deducted from the amount Of income subtect 70 tax
alton. --
Losses sustained In busiEess since December Slst,
1882 will not enter into the income asseaan1snt for
1862
Interest on borrowed capital used in business may
be deducted from income.
be allowed to desuet the actual Dense Of subsist
ing and clothing his slaves
Iegatees are not required TO return their Igaeies
as income There Is special tax on legac3es Of per-
scnal properly IN sectlon Ill =,
The income TAX is assessed upon Ine ineoe