Daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1859-1865, 1863-06-22
eAsSessOr's Notice. 4

GeFInouB, oU cents each. 0OnYll-JbQ
Assessors Notice.
IH1aHE Assessor of the First Collection District O
y Virginia, wgpldl give notice that the Assistant
assessors Of this District will proceed Immediately
tax to be basedOn tn income of 1862 The follow.
ing de Einns in relation to the assessment ofts In.
come IS& have been Issued blythe Commissioner OF
Eschpsrson will he required 10 return his total
income, 70 far pscfying the from which II
10 derived, to enable the Assistant Assessor to
decide what deductions shall be made therefrom.
The income tax must be assessed and paid in the
uiaa in Enen the assessed person resides The
place where person votes or is entitled to vote, is
deemed his residence. When not voter, the place
where tax on personal property is paid is held 10 be
tue place oil residence. .i-IItt41t.s lfH9l.
In cases Of limited partnerships formed with the
condition that no dividend division profits shall
be made until the expiration or the partuershp each
II cmber of such firm will be required to return his
share Of profits arising FROM suCh business for the
year 1862, as, had they desired division OF the
profits could have been MADE. 3 --- -H t- g"
Gains or profits realized from the sale of property
during the year IS62, which property purchased
before the Excise Law went into effect should be re-
turned as Income for the year 1862 ia Eas
The executors or administrators of the estates OF
per:Ons who died in the year 1852 should make re-
] turn of the income thereof for the year 1869.
Z merchants return of income should cover the
business of the year 1862 excluding previous years.
Uneollected accounts must be estimated.
I Physicians and lawyers should include actual re-
eents for services rendered in 1882 together with an
estimate OF unrealized contingent income due to
Dividends and interest payable in 1862 should be
returned as income for that ear, no matter when
Dividends derived from gas stock are taxable as 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 supposed, ofte coal vein
or bed by the process of mining Rent derived from
Premiums paid for life insurance shall not be al
loved as deduction in statement Of income.
Pensions received from the United States Govern.
ment must be returned with other Income subject TO
taxation. r ~
Old debts, formerly consIdered hopelessIy lost hut
paid within the Inc Covered by the return of In
come, rhoud be includusd inthis statement.
Debts considered hopelessly lost tile 31st of De-
cembsr, 1862, aud-due to the business of the year
1862 may he deducted from the profits of business;
reTn sTSsTqsERsy S9 s Ai SsS included the
In order to give uleect to iheproyisO to PISt
section OF the act Of July LIST, 1862 respecting the
tax on that portion OF income derived from Unitei
States securities 1t is directed that when income
derived partly from these and partly from other
sources, the 5000 and other allowances made BY law
shall he deducted, as far Us possible from that Or
iou OF income derived from other sources, and sU-
/ tect to three per cent. tax. al.
| No deduction can be allowed from the taxable in-
come Of a merchant for compensation paid for the
services of minor son. .iss1
Atarmer, when making return ofthe total amount
of his ''iarn producs, shall be allowed to deduct
thererOm the subslstence Of hOrs mules, oxen and
cattle nsed exclusively IN the carrying on OF sail
farm. The term .sEarm produce is Construed to in
kind soeyer --II--.
The arcoun, of stock sold by farmer sfuce De.
cember S1st 1882 should not be included in the pre-
sent assessment but the profit realized thereby must
be account d for in his next years return. Where
he has inc uded in is return produce raised by him.
and fed in whole or part to stock subsequently sod
he mutt account for the gain realized by the feeding
and selling Of said stock Where he has not includ
ed the produce 50 fed, he must relurn profits the
difference between the value said st :ck the 31st
them. = saH s--s
Fertilizers purchased by farmers to maintain their
land IN present productive condition, will be consd
cred as repairs" in estimating income.
Interest should he considered as income only when
paid, unless It Is cOllectabe aud remains unpaid by
the consent or agreement ofthe creditor. F
Losses incurred IN the prosecution of business are
fair offset to gains derived from business, but not
from those portions OF income derived from fixed i'll
yestments, such AS bonds, mortgages, rents, and the
| like ..es--t.- sr
Property used in business. aud furnishing profits,
when destroyed by fire, may be restored, at the eX.
pensc OF those profits TO the conditouwllen destroy
ed; II insured the difference between insurance
ceived and amount expended In restoration will be
allowed. r.
manent Improvements will be charged to capital
not income. u T--,.
tions made uP during the year 1862 and not disrib-
the stockholders. - r.t
The undistributed earnings of a corporation made
previous to September LIST, 1862 whether the corpO-
\ r1tion Is requ red to pay tax dividends not,
sOuId be considered as the income Of tile stock
make return Of taid reserved earniogs as trustees
under section 9S Ol the Excise Law. 3 u q aiii-4 4
The income OfliterAry, Scientific Othev charita-
be Institutions in the hands of trustees others Is
not subject to income tax.
When person boards, and rents room or rooms,
the rent thereof inleu Of rent OF house, should be
deducted from tue amount Of income subject to tax,
alton.
Losses sustained in business since December s1st
1862 will not enter into the income for
Interest on borrowed capital used in business may
/ be deducted from
lfa planter returns all his farm products, he will
be allowed to deduct the actual expense Of snbslst
ing and clothing hia slaves.
Legatees are not required to return their gacIel
as income. There Is special tax on Iegacies per
sonal property in section III.
The income tax Is assessed upon the actual income
! turns. -. s-.gJ5- ) . =. -
he profits Ofa manufacturer from his business are
not exempt from income tax, in consequence of lis
having paid the excise tax imposed by law upon
ticles manufactured by him.
As bridge, express telegraph, steam and fsrryboai
companies or corporations are not authorized by Ian
to withhold and pay to Government any tax upon in
Of tndTiduss derived fram these sources is liable
income tax - sfftsfEE EES1a g s5tE
The TAX mustbe levied on All dividends declares
prior to September 1stf 1852 and upon all salaries
officers or payments to persoEs In Ihe CIVIL military
naval or other service OF the United states for ser
vices rendered prior to said dA;e as such divdend
aud proportion of saiaris subject To deduc
ton or -assesSment.a - ~. Z g zsl1 ~! ss-7
All persons negiectihg or refusing to make return
income, except in case Of sickness, are brought
within the penalties prescribed BY the llth secoC
1.-THE act OF July lst 1859, yfz iton OF 50 pei
cent to the amount HscertRned by the Assistant As
SCISSOR, upon such informatonIashe obtain, and
penalty Of $780, to be recovered for the United
1 | with costs OF suit.
Hank foras viii be len BY the Assistant Ass..
sors on which to maks the returns on the outside o
which is convenient detailed ktatsunent of source
Of income Those returns must be made 70 the As
sistant Assessors within ten days from Ihe tie the
= are lett. JOHN PARKINSON,
Assessor LIST Col. Dist. Of Va.
: Cameron; June 10Th, 1858 junI3 IEdtitIs
iWellsburg Herald, Eairmont NatiouaI and Middle
bourne PlaIndealeE COPY tmes aud ~ Bin 70 InL