Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-07-06
Assessors Notice.

IItNHE ASSESSUh OF the First Collection District O
| Virginia, would give Eo,ics that the Assistant
Assessors of this District will proceed e
a4sess the Income Tax for the year 1s63. the said
tax to be based on tn income Of 1869 The follow.
ing de is0nA in relation the assessment OF the In
tcome Tax have been issued By. the Commissioner O
Internal Revenue:
! Each person will Re required to return his tota
income, 70 far specifying the sources from which II
is derived, as to enable the Assistant Assessor tC
decide what deductions shall be made therefrom.
i The income tax must be assessed and paid In the
district in which the assessed person resides. The
place where person votes, or is entitled 70 vote,
deemed his residence. When not voter, the place
where tax on personal property IL paid is held TO be
| the place of residence. a.g1E -lu -sz-H7 .r
In cases Of limited partnerships formed with the
condition that no dividend division Of profits shall
be made until the pration Of the partnership each
ember of such firm will be required TO Teturn bis
share of profits arising from such business for the
year 1862 had they desired, division Of the
| profits could have been made ", th I'D
Gains or profits realized from the sale Of property
during the year 1862, which property purchased
before the Excise Law went into eec should be re-
| turned as income for the year 1854. + TET-H
The executors or administrators OF thu estates Of
persons who died in the year 1862 should make re-
turn of the income therefor the year 1862. ~,
AmerchaHts return of income should cover the
business Of the year 1862 excluding previous years.
Uncollected accounts must be estimated.
Physicians and lawyers should so include actual re-
estimate OF unreallzed or contingent income due 10
that year. ..-. .
returned as income for that year, NO matter when
declared. ...
Dividends derived from gas stock are taxable in
come. .-
Income derived from coal mines must be returned,
although tax has been previously paid on the coal
produced. No deduction can be made because ofthe
diminished value, actual suppostd the coal vein
bed, by the process of mining Rent derived from
coal mines is income. .-.
lowed a deduction in statement Of income,
Pensions received from the United States Govern
ment must be returned with other income subject 70
taxation. - 4.. t.-
Old debts formerly considered hopelessly lost but
paid within the me covered by the return Of In
come, Ihould be includued In this statement.
Debts considered hopelessly lost the 31st Of De-
cenIber, 1852, and due to the business Of the
1882 may be deducted from the profits Of business
II subsequently paid, they must be included in the
return for the year in which paid. - Z.
Iu order give full effect to heprovlso to the 91st
section Of the act Of July lst 1862, respecting the
tax on that portion Of income derived from United
States securities il Is directed that when Income lS
derived partly rom these ana partly irSH othsr
shall be deducted, far possible trom that por
ton Of income derived from other sources, and sub
ject to three per cent. tax. rr
No deduction can be allowed from the taxable in-
come OF me- chant for compensation paid for the
services of u minor son.
A farmer, when making return ofthe total amount
of his "iarm produce," shall be alloGed TO deduct
thereom the subsistence of horses, mules oxen, and
cattle used exclusively IN the carrying Of said
farm. The term farm produce is construed to in
ciude all productions of farm, of what nature or
kind soever. ..r.-. ....... --.-r- !
The account Of stock sold by farmer since De-
cember 3ls, 1862 should not be included In the pre-
assessment, but the profit realized thereby must
be account d for IN his next years return. Where
has uded In his rotrn produce raised by him,
and fed in whole part to stock subsequently, BOld
he must for the gan realized by the feeding
and selling OF said stock. Where he has not includ
ed the produce fed, he must return, profits, the
difference between the value Of said at ok the 3lst
OF December, 1861, and the amount realized for
them. ..r.-
Fertilizers purchased by farmers, to maintain their
land IN present productive condition, will be consid-
cred as repairs" in estimating income. = --.
Interest should be considered AS income only when
paid, unless it is cOllecable and remains unpaid by
the consent or agreement of the creditor. .H
Losses incurred in the prosecution Of business are
q II Offset to gains derived from business, but
from those portions of income derived from fixed in-
Nestnents, such as bons mortgages, rents, and tue
like.
Property used In business, aud furnishing profits
when destroyed by fire, may be restored, ~ the
penso OF those profits to the condition when destroy
ed; If insured, the difference beta
ceived aud amount expended in restoration will be
allowed. lU % ...-.-
The increased value z ven a new building by per-
manent improvements will be charged to capital
not income. = c j
The contingent fund Of manufacturing corpora
tons made up during the year 1867 and not distrib
uted should not be returned as part the income Of
the stockholders.
The undstributed earnings Of corporation, made
previous to September LIST, 1852 whether the corpO
ration is requ red to pay tax on dVldenos or nor
should not be considered the income Of the stock
holders, should the corporation be required TO
make return Of taid reserved earnings as Irusttes
under section 80 OF the Excise Law.
Ths1ncome OF literary, scientific, other charita
bic institutions nthe hands Oftrustees Others,
not su bIect 70 income tax. a,-- .-.f .at W
When person boards, and rents room or rooms
the rent the eo in lieu Of rent Of house. should be
deducted from the amount of income subject to tax
alton, .. 81 H .r. y r.sHI
Losses Sustained in business since December s1st,
1862, will not enter into the income assessment for
1862. If-r .rt -a-.. r.- vsl.55 10 81. II
Interest on borrowed capital used In business may
be deducted from income. s-l... III Hlfri.ll 5000.
II PLAN er returns all his farm products, he will
be allowed to deduct the actual expense OF subsist-
iny
Iegatees are not required to return their / Raeies
income. There is special tax on legacies Of per-
sonAI property In section III. .El ffllL--- 60
The income tax is assessed upon the actual income
of indiridmals. Firms, as such, will not make re-
turns. .... r.-..g-.
The profits Of 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. e. ..a.-I 3D.
As bridge, express, telegraph, stoan and
companies corporations not authorized by law
to withhold and pay to Government any tax upon in
terest paid or dividend declared by them, all Income
of individuals derived fsm these sources is liable to
income tax. -''.-. '----'---.. ..'-.---'-.
prior September 1st 1862 and upon all salaries OF
ofhcers payments to persons in the CIVIL military
naval other service of the United states for ser
vices rendered prior to said daEe, such dividends
aud proportion Of salaries were not subject TO deduc
ton assessment. --....-.,--.- 70. 10
Of income, except in of sickness, are brought
within the penalties prescribed by the llth section
Of the act OF July 1st 1862, yE ad ItOn OF so per
cent to the amount ascertained by the Assistant As
essor upon such information asihe obtain, and
penalty OF SIUU, to be erecoYerd for the
with costs OF suit.
sOrs on which to make the returns the outaide o
which 10 convenient detailed statsment of sources
/ Of income. Those returns must be made 70 the As
sistant Assessors within days from the time they
| are left L9 rta7 JOHN PARKINSON,
| Assessor 1st Col. Dist. Of Va.
Cameron, June 10th, 1858. jun12 lWd4ltw
HEApouAH4ERs DrAhTHESr OTpraE Mos osaAaIIA, |
General Order, No. FL - - 2 = g.. =
| The Presidents proclamation calling for SiN
months troops does NOT super cede the orders estab
liShiuR q DEPARTMENTAL Corps, the nature Of which
seryics appears to be misunderstood. 1t IL not de
signed to keep this organisation in active service fol
any definite period but simply to establish and keel