Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-05-07
ABsIRAO1orrHR ANNUAL IycosR TAX
ANNU1I NC0-I~

"--"N pr"
Having been regus.tsdto prepare an ab,trae.
come rax, and Of the dsciIionI by ~. n.n.r,
ment ct Warrington upon various ors.,,arIpSt
have arisen, We PRESENT the whole snhIss, ss snas
its several Distinct heads: . unaef
STATEMENT SHOULD BIZ ,MADr-wurar yu,v
a AxD By WHOM.
]. Tho law requires syery person oflarful 40.
reading In the United States, to render 70 he
Assistant Assessor ofths sub-dlstriet In which be
or she may Be reaiding on the LIST day Of Nay, q
written statement, according TO o prescribed
form, Of the amount Of his or her income, gains
and profits during the previous year, from Jan.
uary lIt to December 3lst, bob days inclusive.
A printed blank containing this form can DO OBJ.
tanned from the Assistant Assessor, A person
having no fixed residence, should mako q state.
ment wherever be OF she may happen TO bet and,
In case Of removal to another district, should take
a certified COPY Of such statement. TO show any
other Assistant Assessor, who otherwise might
make o second assessment
2. Tho statemsntl must DO rendered on or be-
fore the LIST day Of May, or within ten days sftel
. written or printed notice requiring \, has been
left Ut the place ofresidence or OF business or de-
posted In the pearest Post 061ce.
3. Tho annual income tax 10 . personal tax,
and Il cannot DO assessed against any corporation,
company, or partnership, as such. Every indi'
yIdual member must make Q statement Of bis OF
her share Of or In the gadna and PROFITS Of
such company, etc. wnetner sucn gam hnu
PROFITS arc divided or NOT and must aso statc
separately bis or her income from al otner
sourcel 4rs. gsaT i"IH.r4-t .. -l---
EVILS OF NEGLECT TO MAKE OUT OR VERIFY
STATEMENTS.
5. II any person negiects' or refuses 10 render O
written statement, the Assistant AIstssor II 70
quested to all out q blank with such persons
name, and taxable income estimated according to
Nka kaaN "a "a #AkaN a "a nhe0tnAd mud
upon this estimated income to assess the tax, and
then to add IS Der cent, 70 such tar rs a penalty
for nselect or retusal. .
G. An Assistant Assessor NAV DO misled In
making this estimate, by being mlsinformed "a 10
money r,e,iyed. or not informsd M 10 money
maid Hc must asscss. how,ver. according 10 M
hsst ,~nformation Nitbin hi, r.ach- The only per.
son canabIc ~ giving absolnteiv correct infornn.
tIon "a frsnrsn,Iv M ons IN S.fn.ss oy neolects
To- make q Ststsmsnt, n sueh per,on viii not
Axe the trouble 10 inform the XssIstant ASSESSOR,
there n a bar 10 ali Complaint. should the assess.
ment prove Incorrect, and q heavier tax be levied
than would othervise bo charged. Moreover,
after an s.s,,,msnt he. oncs besn mad. N AFRO
nsons q IA aivavs tronhIesome m The marty in.
,.ro. = :, - 10y r.etnS All ~ = a..
fore bnt s,nseisiy Snek az Lars No ta1aSL ineons
should moi faII 10 y.nJsr The remIred' ststsm,nt'
upon the proper blank so as to avoid undue tsr,
ation and troubI.
Z. Every statement must BE- verified BY oath or
affirmation. When this Is not done, tho Assistant
E,.s.sor /. ronrJrad 20 .,,,r,o a.. H. $780, 80
a. "a q. - ~ 'uo nS"iHo ouo
" ru, ~, " y
r q A. s.Js.o~, 49,. ~
a.. $500. 10 py.ef y He'sa
inSo,,na,,on 20 ~ rnr.~ In.,s,es s1sms uue
nnSr.J oIsn y, ~ adJ IN 4 w., w =. 80,
n falss statsmsnt hsS ham ysrSsrsd. 'and ~
nartv maLiug tha fal., stn,smsnt hscon,s. II,his
moi onlv for this addItlonal tsY bnt iILcvIss ~
iva dISiInct nroseeution besora ths IiniteS s,a,ss
Courts-ons foS making q faise Abatement with Il.
TENT 10 defraud the Government, and tho Other
tor nsr;nry 80"
MiENiR or MAKING UP STATEMENT on INCOME,
nv the ll8th section Of tho law. the Commis
| sIoner Of Internal Revenue Is empowered 70 pro.
,cdh. The form and mannsy IN which the statA
ment OF income must be made up. This he hs,
| done In a printed blank used by the Assistant As
| sdssor, and In various circulars and rulings. Tn,
| following Is O summary Of what has been Pre-
| serbod: 49,. 90
/, Each of the great classes Into which the pur
| suits Of life and the investments Of capital hay,
| be.n divided must DO returned separotsls- losso
In one mot b.ing allowed 10 ofs.t gains An another
Thus q merchant who engages In farming or II
1n,cplstIons NOT belonging 10 his legitimate bust
ness cannot otsot raIns In the ono BY losses II
| the other. - rr -.
Q The expenses incident 70 each business Ar
y Spsea anH ,hns. SIons msx Ss cas,i.a into n
profit and loss account. Thu. . Srokerm may spec
hardware man In IRON, ete;, nno ste1 specniatiot
may aneet sne 6StN snn.Ioeso ~ Ies,I =.
Oublnebt. n LueIcnhub aaso mAy make VI AVso "