Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-05-09
ABSTRACT OF THE ANNUAL NcopETAx,
ANNUAL TNC0MRT~-

-TiNsfT 49,,
HAVING peen requested 70 prepare an ab,trsct
Of WA y feSSI y ~ Aaw n reference to ths In
como -, ~ = ueelAions BY tho Dopsrt.I
nave arisen. We pIsssns tne whole subject, under
iu several DISTINCT needAi 1000
STATEMENT SHOULD BE hADE-wHERr. WHEN,
AhD ". WHOM. =
l. Tne law . sVS.y person OF lawful age, |
residing IN the uniteC otates, 70 renaer 20 the
Assistant AssessoL ~ tho suS-u,..ie.i wnien he
or she may Dc resioine on tno Isl oay o. 1iay,a
written statement, acS9,ulns y = prsscIl1eo
form, OF the amount OF nS Or ner income, gains
and pronts during ING previous year, IRON Jan.
uary Isl 10 DecsmoeI SisI, 11.n uAys inciuliye
A printed blank containing tnls Iorm can % %
tained from the A,hathnt ASSESSOR. a person
having no nxed resiasnee, sn0uia mAAo : s.a.Ss
ment wherever ne o. sne may napPen Vi sISu,
In case OF IemovAl y ' 49, -
Q eertnea copy % .saon sSn o,i.Iss r,ist,
otner Assista.ti Assessv., "HO
MAKE q seconu z.,d-.d an ~ Ia.
Z Inc sta!ement inass 70 .nS ~ go ~
fore the ISL day OF nhy,oE WITHIN 'eI ~ "
q written or printed notce recurring ", : Deen
leh at the place OF residence OF OF ousiness' OF oo-
,posited In the pearesf Post otnce.
J. The annual income ta1 !. : peI.onA .s.'
and II cannot BIO assessed against any corpofalon'
company, or partnersnipi a. sucn. Livery indi.
yidual member must make o statement Of his or
her share Of or Interest IN tho gains and prontso OF
such company, etc, whether such gains and
profits are divided or not. md must also state
separately bis or her income from all other
sources.
Evils OF NEGLECT TO MAXI OUT OR VERIFY
- STATEMENTS. ,EEga1e !.
& IL suy person peRiccts or refuses 70 render o
written staternent. the Assistant Asscssor IL re-
orss,od 10 AN out a Hank with such person's
psmn and taIabls Income estimated according TO
,ha host informatIon chat can he Contained. and
= III, III. $1,000 Insnrns ~ asss,s he tnx and
,bsn " adS os mar cent 70 such lar az a penalty
nsaso,so, ~ rstr.oI 800 -
LOT nes.eI. Of ....o- NAV n. ,nr.,.d IN
u An h,s' a..Ina,n ~ h.,na m}.tnSormeS M 10
maklns u a.,y yonsn.J n !. 20 ,nnrsv
m11ey teseiYsu, y. y m.v.- o.no,dins "a III.
pAo. nc must ssse,s. hJms,s., nj. w. - =
oess wHnH y eau. -ns Gu,yPss
son eapaole OF glVing sosolL'e'y soIiee.
aon Is requenuY ins one VINO se,ases nS M,
70 make q sietement: ~ sucn Pe,son w. ~
take the trouble to inform tho Assistant Assessor
there Is O bar TO all compiaint, snoulu tno asssss
ment prove incorrect una o heavier TAX 90 ievieo
than would otherwise DO charged. moreover
after an assessment nas once oeen insue, IL CITY
neou!, Il 10 always troublesome 70 inc parry 70.
teresied 10 nave II eorTsctea. Al perIons! .us!e
lore, out esPeStaHy steA :, naos ~ 1850
should not fail to render the required stetemsnI'
upon tne pIoper oiank' 20 as'o s'o'a unuuo .
au1n 2 uouple u. =, .u :.
:. E.eiy tn,smeu mast y .otiuIu Y
-
1872 os : A"
w = ~ : y ~
n a.. lALsL
~ 10 Sss. !. py"ei -
;n - ~ ~ ~ ssS.eLenh S.ss sWWn.uf "
nmir.J si.o ~ sdSS IN ~ esn, ~ ~. .ar y
qu saIs .,v, 70 aaI w Psr cen.. 20 .ae YAK SI ..a
" no ,rsV U,oninr ~ t ~ 80 s"neS.eaI apL .M T.
po, ,riu ~ ,his sdSt,ions .or Sn, iTS. .I.o ~
~. 49, ill., y. ~ ..N,Inn.h y, ~ 49,"
corr,sMons ~ moLine 3 Tsis. sto,.w.n, .I,h N.
tsnt 70 dsfIand the Goyrrnmsnt and m, ether
Tor nsr,rrv 'N'
~ Ivro y r.v,vn up .r,rrurvr nv ,xcouv
Nv ths Ilsth section Of III, law. The Commis.
| .,nn,r m intsrnsi Rav.nne 4, smnovysr.d N nrs,
LII. ,bn -. anJ ,,1nnrrt In ,bIch IN, s,p,s.
rnar, ~ Insoms mn,t n. mads an This bs ha.
d d IN , nrIntsd hisnt med hy X. A,.Istsnt As.
sSssor ~ IN ~srous c,rcrIars and rulIno, rrh.
soiI"n,nr !. , snmm.ru ~ nat has bean mrs..
.or,bod :. = NNN-- r.
Do, Ea.b NJ thu GRAN, cI...., into which IN. nur.
,,i,. 81 Iif. and ,bs Invs,tm.n,s NJ canI,aI have
ha.n SIyidsd musi he stunned ,snarateiv- losses
~ ono rnt he,no aIloved IN offs,t raIns In another.
IN one no. 1etu liz snoss.s ~ sarmina or in
sn.culaiions moi beIoneinr TO hi, lerItImate busI.
- cannot of.ct onins in the one nv lose. In
". s.ha. $500
~ Th. t,.t5,n, "a o,rb b,s,,ss, .rs
IN e.. N. .ScsIn,. ~ ,hs, busInas.
oeauSHoio in,.' Lo;,SPs,,G h.i"r nina 10 a,x
D. opeeaS shns. 90" ~, ~ oas.laS ,n,o n,
ousness, = &C.. Th,':y $500 49, 80.
prom = ,os. A. soods rorchen, n ec,,nn' a
SSs ar%rar" man IN iions etc and .nek .peculStion
NAV offsct The aain and ios, Of sueh ieritimatc
oSsh.ns. az Tho kina ~ money Maid for bs mef.
ohondI.s and tbis as,n or Ioss bsIonr. "a bIs mer.
eh"nSise account Rnt n he INV. oold. uncurrent
money. United States Treasury notes, or any
n,Ssr ,h,nr moi ons IN the articles Of trads belong.
S ~. - hs rss,,isr hnssn... sop ,ba nnrnosn %
.n re nrost or loss from such specula.
H. iii NJ, hs aJiov.S, 10 aasct nc nrost or To-,
80 ~, III. r.n,tar b,,s,resv A. brsInssS Arm
49, ~ On Ho a., ,ba h.nds ~ a ~ Vnrt h,o.
p.aeTa ,,Ir. h,n, % nss I, IL ,ha nr,cSss and
III. ~ cold on their aecount and having lo,t
sST soo In tbIs venture. thew claimed tbst II
shnnJJ ha asdnctsdf from tbeIr nro8ts In bnsin.ss
should ns OS usuuG Iswi, 0 di,a JIsID sTa ~, clS1ml and
said tho mniform ruling had been that when a
loss In made In any particular business, against
vhIch there are no gains 10 Offset. Il \. consid.
sred . d.ad loss of CAPITAL furestsd In that brsi.
ns,s" Again. .'Ioss Of capital cannot DO do.
ducted from income" "Return of Income must
Ss made on The aaias"
How far different kinds Of busIness mus. be
rs,urncd' .ensYately n shown by The following
rulinrS OF CommisIionsr Rollins
mc.sIosT Incurred In the prosecution of one
so 49, 1901. S;Es,ss,sSr.S.,.s NO. from
ouslhese nh xntns-y '
saiasy' rgn's, no,r.aS IN ~. nros.c,,,or ~ on.
= SnsIr.ss nannot he dpduc,.d Srom gain
--.Ah.~ .l,.. 90 .k.aI,A. La. In 5000 In tha
10 ano.uss, ny ~ Suu".H. =. tUdispsns,hIs
prosecutor ~ sns'o 'u-He'' "u'Pn'ao''
Moss OF eapltaL
Losses IN uercuanaiso Gan % ucaueteu
only from gainim meIcnAnGi.e guy IN .nlssase,
particular branches OF meIsnanulso neeu not 9e
separated. 80 IN speculation, me io1s or gam
from stocks may onset loss or gam from pfoauce
specnlaiea IN;
(d-"herchants must make return Of their
profits from merchandise without regard TO their
losses In speculation or gains from interest. diri'
dends, rents, or any other source"
e. Losses ~ sPeeuA.lon MIN Y = ueauSseu
from salaries, npr from gam. m merc1enase;
Mnen losses me sus,aneu ~ 0h. pee anan a....
gant maae IN suo.nei spesu'n, suen sos
may % deaueteI iIom sucn Suns Eos.es ~ ons
orancn OF metenanaise may pc ueoucIee iron
gains IN any otner oiancn Oh meicnanoise
O-"Where' stocks, etc, arc bought asa per
manent Investment and sold again merely q
change the investment, . loss sustained ~ the
sale may DO deducted nom the dividends non
,aeh stock. But Mnefe tne purenese v mAao iol
tho purpose OF selling again on speSuiaiion, tns
loss sas.sineS ~ tss sac We Ssano. 90 e aeaas sI
uonl ndy .sIe -.
INCOME IRON RESTS or BUILDINGS
within the year for which income d sstimsssd. or
| duo and collectRblo.o on the 3llt day Of December