The New York herald., 1866-05-05
THE INCOME TAX.

when Returns Are 90 he Made-Notice
Not Absolutely Heeessary-Late Dee isiOn
from WashinGtOM ON the Subject
Highly Important 10 Persons Occupy
Ing Their own Houses, &c.
Considerable discussion has been raised OF late regard
ing the collection OF the incomes and the duties
Of the people and Of the officials in the matter The low
the subject is very plain II specifies that taxpayers
shall furnish their schedules to the assistant
their respective districts before the first Monday
in May. The under obligations 10 send
blank FORMS but IL Is the business OF taxpayers to obtain
them from their Offices, I'LL them up and return them
within the time specified Any neglect refusal TO
ply with the above regulation subjects the offender to
penalty of twenty per cent added 10 the amount as
cerained to be due and in case Of fraud one hundred
per cent is added The blank forms now being rapidly
distributed TO the Taxpayers The following decision OF
case by the authorities at Washington will settle the
bubble that been raised In the matter OF receS
not receiving the usual potifcaton:-
OFFICIAL DECISION.
AsuRr DrrAHrAhsr orr,cs os is1sasn ga 3 RTyssrE
In the of II appears that he has paid due
and the assessed penalty for 1864 but csns that he should
make rn Of h 1y
nn e
M Ss On Ss sl psn& & apS m . a no nse
Upon careful examination OF the sections OF the act OF
opinion that notice 20 maks return Of income Is
he m y ss o 1861 a a on e or e
rst Monday IN May hereaite under section sx, which
terms and by reference six, defines what
sgs or ss 70 maze such sS1 and 6 dGe NOD
this neglect or REFUSAL attaches to II the penalty provided
the definition Of neglect stated section eleven
no sdo e y M part aud d cS oe not i
him for failure make return Of his income for the
years 1862 and 1858 RcSPec',a'hSd hdSs Commissioner
The following official circular is intended settle
several DISPUTED points relation licenses and the
come tax
WAs,iscToS. D. Z. May T. 1885
The of form No ll suggested by frequent losses
Many persons who have paid for their licenses at
found 10 be insgvent or 70 have died or ab4eonded
Ia,psyes are AZ much M interested as the men.
the LIST of May they viii be thus enabled 20 exhibit such
pcaons licenses should all be returned prompt
70 the 60 s9 @ Ts by ' ssso and ~ aoee"s
therefore specially called to the instructions contained
they viii be expected fully comply form No 81 cannot
Pc msea MN m sr e annual he & IS n9Ss e
delivery 10 facilitate the prompt and early collection Of
number OF OF the correctness of which they
Are s %ss. on " ,s ss rssn But 2" no form r
turn which Is questioned nor any made y the
ported until after appeals have been heard on receipt of
e Nc a nee sheet e % w n9ce IN Sn
the regular list should be entered the annual list and be
aud he law complied with in ali respects as advance
trad SsS" be aGs s be soGae on ss
I'll after the complete annual list has been returned and ad
vertsed Forms Nos 100 and 0i in the hands OF
the printer, and orders therefor viii shortly be hled
IMPORTANT TO HOUSE OwNERs.
The Commissioner also rules that tho ''rent OF home
actually paid may be deducted but the rental vaie
OF property owned by the taxpayer not subject OF
deduction
On this subject tho law reads follows
SECTION LII. The paid by any person for
the homestead used occupied by himself hts
and the value of homestead used
pied any person by his family, his right the
right his wife shall not be included assessed ~ part OF
the income OF yich person.
There be mistake about the meaning Of the
law II Is very plain and very explicit on this point and
any person occupying his house Is legally entitled to
deduction OF rs rental value from his taxable income
As We have before stated when the Revenue Law was
first framed this clause worded very indefinitely, so
that took advantage OF the circumstance and
would not allow the deduction TO be made In March.
1865, the Law was amended and the above clause IN
serted and there appears 10 DO point IA II on which
the Commissioner could have rendered decision 30
directly contrary both the letter and spirit Of the law