Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-11-19
ABSTRACT OF THE ANNUAL INCOME TAX.
EyIIs or L TO MAKE OUT OR VERIFY


EVILS OF NEGLECT TO MAKE OUT ON 'hhifi
ATEME
z ,,v nsrson nselects or refuses to render u
written statement the Assistant Assessor ~ re-
ouested TO all out u blank with sucn PERSONS
name, and taxable income estimator aceoIuins 10
the best information that cAn be oDiaihed' anu
upon this estimated income to asscss tue lax ana
then to ndd % per cent, 10 sueh 'hN "Sh pehaity
for neglect or refusal.
making this estimate, by being misinf0rned as TO
money received, or not informed as 10 money
paid. He must ass-ss, however, ucSofulnB u INC
best information within his reach. Inc only per-
son capable OF giving absolutely Soties. inloInla,
tion Tx frequently the one who refuses or negIcets
10 make n statement. If such person Will not
take m, trouble to inform the Assistant Assessor,
there ia a bar TO all complaint. should the assess.
ment prove incorrect, and a heavier tax De levied
than would otherwise be charged moreover,
after an a,sessuent has once been made, II GRO.
neous. II In ALWAYS troublesome TO the party In.
tcrested TO have Il corrected. All persons: there
fore, but especially such as hdre no td1doS INCOME,
should not fail to render tho required statement,
upon the proper blank. 80 as 10 sVoid unuue tax
alton and troubled
T. Every statement must be verified by oath or
Affirmation, When this in not done, the Assistant
Assessor Ia required TO estimate the income and
TO add 25 per cent to TO the tax.
EVILS OF AAKISa A FALSE
9. An Assistant Assessor has power 70 increase
- mv ~ -! So jn,srssted Hc IL M.
nm;r.J Ia ~ adJ I'm nsr cant, 10 the tax when
Y false statement has been rendered anu the
party making the false statement becomes liable
not only for this additional tax, Dut likewise 10
Conr,s 90 g. maLtna , fsis. statement with in.
-, 90 S.s.awa az" G,y.rnmsnt and III. other
for perjury.
MAMIE OF MAKING UP STATEMENT OF INCOME.
By the 18th section Of the law, the Commls'
.crib. tho form and ,uann,r In which the state.
ment nj Incons mrs, n, made nm This he has
| don, In a nrinted blank used nv The Assistant Az.
| sdssor, and In various circulars and rulings. The
| following Ia a summary of what has been pre-.
,cribcd.
/ Each of the prea, cla,ses into which the pur.
.rI,. n M. and n, nvs.t,ncnts Of cnpI,nl have
49, ..n SIrii.d nm, h. re,rrn.d ,,n,ra,,Jy- Io.sa,
| in one not beIng allow cd to offs.t gains In another.
H. a snorcban, ,Shn snoSa.S ;5 FARMING or in
.na."Ia,ionv not hsIonc;ne 70 hi. lagI,jma,. hpsi.
pssaanan, ~, - 10 ~. - ~ 49,. n,
~ o,h.r
u m. ,nc,do,, n .o,h hrs,rav, ,ra
d.dur,Ihls from IN, rccsints of Tint business
q Snscnistions Lsitira,,Iy hsIonrInr N INV
Sop ia ,h.sa aIon'' y bn onsriaS 'm,o II.
usa, 49, - neSoun, Trh 10 80
ppia,. ~ s,acIs a Jrn cod m.rohan, In cn,,nn .
harJu.rs man In Iron etc md ,wrb snscnIatIon
NAV affect m, gain and Io,, of such Legitimate
hn:;nass mspcbort nIso nav n,oIa or Iovs nv
"Sahann. a. H. Lird 81 mo,av na;J Co. hi. MAJ.
S.SIe - ri - . - 49, a. Nj a
onuan Iis nv ~ e a., n - 'oSs ov'Onf5 -r.m,
raonsv iTni,ed s,a,ss Tr,asrry no,.. ar any
a,h.r,hIna moi ona IN IN. nr,JcIos NJ ,roda heIonS.
o'He. 'uns no ~ h,.n,aa. &c =" n.n,
iuB " rs bu So r"~, " - 1870.
III un 49, fo..J, 80 e., ~ 80, = !. IT,,
80 -, III. r.oriar hns,n.ss hrsinass Ann
uIonad san ON in the bands NJ a Nsyy York hro.
- ins,rnrtin, him ,o nss i, In On. nrrchas. and
nj. 81 Ia on ,bs;r account . and having Loaf
49, ,Ta In ,bis van,rrn thsv claimed Tim, II
.L,,LS ha daS,s,.d TN ,b.Ir ,rod,s In hnsJn.,s
CommissIoner LAWS disnllowed the claim, and
III ,ho ,,.;f.-. ,rIIno md Laan that a. ubep a
=" !. - T., ory nn,,icwIar hrsir... nyninst
IosS = n"u ~ ""! - - 49, r., !, a ,DiS
VI 80 L.. .,a;,,J ;nrs.,sS in re, 6u,i.
cru eIae zee r. ,an,ai ..mra, a. 40.
ness Hs"n, - pp Innon. ,,ns,
ausse on e. aa;.."
"a IL Iar JiS.rsnt hind. NJ hus;n.s. mus, lie
'" "n.r",aI, "a .ho,,n hy The toiIow,nv
ruIinSs Of Commission Rollins:
r0e"Joss incurred In IN. prosecution of one
:, hrSinsss cannot bs deducted from gain In
,...s. ~ an ,n,;r,Jy 1;F,rrutr6ayact,r nor from
CUISINES Sir;JanJs .,c"
'"iMM'' 80 inanrra5 In IN. rrosscp,,on NJ nm.
VT ann. nan.a, vs. ardmc,aJ rrom ,aIn
o'aHcHo VI wv nv ,. -. Inorrraa H. IN.
II uho'neI, H> a. - ISn.in.s. 4, inJisnarsabi,,
proseeuton "a ""S' " "
aiosS sapi.a- ,.,,,,ods. q h. d.d,c,od
~. y ~ ns.sbanJ;s" hm, in hi. cass
onIy y sanrs ~ 1900 nosS no, h.
particular orsneneso ! Iaa W." ~ ~ nv nate =
separated. 50 IN spesnia'ion, a W VI S"nn
from go ~ 0"'
sPeSuiasea ,,. r.L. r.,,-, NJ ,hs,r
Merchants mus. max Ie.uLn :, .neir
prontS from on%at,. s."m ,S,aras, All.
losses ia speeuIa,Son, y. S"ns nn.n"
uenHs' ueh's' my suI 49, h. s.,,,,.d
VI- hossestu ~ .an.hnsSts
from salaries, nor from gains IN mercaanu,se;
When Iosses ate susianeu u u sp''u.n;,on a a
gains MADE IN sho'neE speeunauo", suon 49,
may De deducted from such gums Losses ~ one
branch Oh meienahase may y ueuue.e" HUN
gains In any otner orancn OF ne,enanuise.
Where STOCKS, eic., are pought ~ q per
manent Investment, AND sola aSan mercy 10
ehango TUG inVestnen', y ioss uStaneu W ~
sMe may DC HeuuJ.su y = os. y. Id Snr
.aeA NJ % ss,iIun aa MI on snecn,a,Inn ,bs
,ne PurposeS' s.tu ~ asSa" Wm =. S.Jr.,aS
%ss Si'.,Snnds ~, nav ~. dsdrc,sd from GAINS
' .sIaf - -