Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-06-20
AsSessOr's Notlce.

Marriages oticesof Funerals, and annonrement
: o. sermons. 90 eents each: noay1l-,6e
/ ASSESSORS Notice.
-INHE ASSESSOR of the FIRST Collection District o
Il u Virginia, would give poiice that the Assistan
Assessors Of this Dstrct will proceed Immediately t.
tax to be based on tn income Of 1852 The follow.
ing de sions In relation the assessment of the In
GoIoe Tax have been Issued blythe Commissioner ci
Zach peFs0n Will he required to return his total
tncono 20 far specifying the sources from which IL
Is derived to enable the Assistant Assessor to
decide what deductions shall be made therefrom.
The income tax must be assessed and paid in the
district In which the assessed person resides. The
place where person votes Is entitled vote, Is
deemed his residence when not voter, the place
where tax on personal property paid held TO be
the place OF residence! tHf'1n 1a.'i'f 70 t q.
In cases Of limited partnerships formed with the
condition that no dividend division Of profits shall
be made until the expiration Of the partnership each
| ember OF snch hrW will be required to return his
share Of profits arisng from such business for the
year 1852 as, had they Sc desired division Of tho
| profits could have been made. ~ ,.-sF
Gains or profits realized from the sale of property
during the year 1882, which property purchased
before the Excise Law into effect should be re-
| turned as income for thsyear 1862.
The executors or administrators OF the estates Of
ipersons who died In the year 1862 should make re-
| turn of the income thereof for the year 1852.
Z "A merchants return of income should cover the
business of the year 1892 excluding previous years.
\ Uncoilected accounts must be estimated.
Phystctans and lawyers should include actual re-
ceps Tor services rendered in 1852 together with an
estimate OF unrealized or contingent income due to
Dividends and interest payable in 1852 should be
returned as income for that year, no matter when
Dividends derived from gas stock are az 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 OF the
diminished value, actual or supposed the coal vein
or bed BY the process fmininS. Rent tderived from
Premiums paid for life insurance shall not be al
lowed as deduction in statement of income.
Pensions received from the United States Govern
ment must be returned with other income subject TO
tHxatiOns - sa'ss sa-s seen lf ra-.s- a-i
Old debts formerly considered hepelessly lost but
| paid within the time covered by the return Of in
coule, .houId Ge incudued in this statement.
Debts considere1 hoPelessly lost the 3st of De-
ceuIber, 1852, and due to the business of tue year
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. 500
In order give fulIeHe tO Iheprovlso to the 9St
section OF the act Of July LIST, 1861 respecting the
tax on that portion Of ine0nis derived from 0nite1
states securities It Is dlrect that when inovme
derived partly from these and partly from other
sources, the $500 aud other allowances made by law
shall be deducted, as far possible from that por
tiou of fincome derived other sources and su,-
| ject to three per cent tax. Tana|f' O.
No deduction can be allowed from the taxable in-
come Of a merchant for compensation paid for the
| services ofA minor sOn. ta.s. .t-
/ A farmer, when making return UFthe total amount
of his "faTn Produce,' shall ALLOW ed to deduct
thererom the subsistence of hors 81 mules oxen aud
cattle used exclusively IN the Carrying on Of said
1 n.
ciuGe ail productions OF farm, of what nature or
The account of stock sold by a farmer since De.
cember S1s 1882 should not be included IN the pre-
sent assessment but the profit realized thereby must
be accounted for in his next years return. Where
he has uded In his roturn produce raised by him
and fed In whole part to stock HnbseQuently sold
he must account for the gain realized by the feeding
and selling Of said stock. Where he has not inclut
ed the produce so fed he must return, profits the
difference between the value Of said ok on the 3lst
I Of December, 1851, and the amount realized for
Fertilizers purchased by farmers to maintain their
land III prescut productive condition, will be consd
cred as "repatrsDt IN estimating income.
Interest should be considered as income only when
paid, unless it Is cOlscta6le and remains unpaid by
the consent or agreement ofthe creditor. -
Losses incurred in the prosecution Of business
afir Offset to gains derived from business but not
from those portions ofincome derived from fixed in
Tesnents, such as bonds, mortgages, rents and the
Property used in business, aud furnishing profits
when destroyed by IRE, may be restored az the ex-
pense OF those profits TO the condition when destroy
ed; ifinsured the difference between insurance re-
ceiyed aud amount expended in restoration will be
! allowed. -..,a# --,-..-gr
The increased value given a new building by per.
manent improvements will be charged to capital
l;not income.
The contingent faud Of manufacturing CORPORA
tons, made up during the year 1852 and not dstrib
Gted should not be returned part OF the income of
4 The undistributed earnings Of corporation made
preTIous to September ls 1862, Nhether the corpo-
ration u required to pay TAX on dividends or not
1
holders, should the corporation be required to
make return Of Eaid reserved earnings as Irustses
under section % OF the Excise Law.
The income oflterary, scientific, OF other eharita-
BILE Institutions in thehands Of trustees others
not subject TO income tax. F1a fE ul .a-ff
When person boards, and rents room or rooms,
the rent thereof in lieu of of house. should be
dedueted from the amount ofincome subject to tax.
alton. i s 5L i,- laa
Losses sustained IN business since December S1st,
1852 will not enter into the income assessment for
Interest on borrowed capital used In business may
ltbe deducted from income.l F.ssFA -r-a 80
1fa planter returns All his farm. products, hi will
ing and clothing his slaves. = ID a,
LeGatees not required to return their gacies
a8ineome. There is special tax on Iegaces Of per.
onalproperty In sectioull1. =
Theincoms tax is assessed upon the actual income
n q tfFdfeidto!S Firms, as such, will not make re-
II ihe proats oEa manufacturer from his business are
not exempt from income tax, in consequence OF his
4 having paid tho excise tax imposed by upon arr
4 tielss manufactured by him.
S Aa bridge, express, telegraph, steam and
Companies corporations not authorized by law
Ito withhold and pAJ TO Government any tax upon in.
teEest paid, dividend declared by the all Income
ofindiVduaS derived from these sources is liable
Thetax nlust be levied on all dividends declared
pTior 70 1852 and upon ali salaries Of
naval other service Of the United etatesE
Vcts rendered prot to sald dase, such dividends
Aud OF Saiarits were not subject to dedue-
AllPefsol1 peglecting or refusing to make return
ofincome except in case nf sickness, are brought
whin the penalties prescribed by the llth section
Ofthe acted July 1868, viz: ad tion Of 50 per
cent O4he amount ascertained by the Assistant As
sessoEI upoa such intoEn can obtain, and a
h with oosts ol Glit. it9I ItE it zEastzsz :
Blank forlaS will be left by the Assistant Asses
sors on Which 70 make the reEurns on the outside OF
which 3 e1lyenient detailed ttatement Of sources
z Of income. Those returns must be made to the As
sstant Assessors within te9 days from Lhe tim they
ASSESSOR 1st Col. Dist OF We.
!. K sCamsfod, June 10Th, 1863, junIl llWdhItv
Y IWeI5buI Herald fairmont National and Middle
bourne Pinihdealsr copy times aad nd bin Johl