Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-09-04
ABSTRACT OF THBANNUAL INCOME TAX
ANNUAL INCOME TAX.

Having hpNn FnnnaataH IN Hat.aN IA ahatR0Rt
of what u re1nIred nv Iav IN ref.rapoa 20 tba In
conn Tax, and of tho decision, b~ The Danart,
mani a, WashInotnI, unop var,ors ar.s,,ons ,ho,
havs arison' we present the .hois Isrhi"c, nndsr
i,s saveral dIstinet hand, ~
".w..r,- nor, mr. xnr
srAIEnEsi 'hooD n nL an ""hEhE' WHEN
~ 81 mhoa.
l. "" 4Mn,,oJ e. pstson u iamiul ASe'
resluinb ~ = ~ A. s,S J, y ..I u " ~ nv
NJ sesidinc IN ,bs L. A. as NJ, y
VI sno any snont accordinr IN nras.r;h.J
mlII'' ,Sa omonnt of hin or her incame uains
10TH, oL JUG Jnriua ,ba nrsyiou. vsar from Ian
@nd p,onts uSiius = H., bo,b San, ,nni,SIua
uaIy 49, aon,.,nin9 tbIs forn COW ha oh
a printeu ~ s..ts,an, s.ssvSor A n"rson
sAineu W -.sIdanea sborId maka /, stata.
naYLns ~ he or shc NAV bappen 10 he. and
meu n S.omnv.I 20 another district should taka
Naa,a 49, 81 Srcb statement IN shoy any
.oPy sssssor who otber,yise might
osner sste. s.4aasnont %
make y seconu r.u. h, ro,dor.d NJ, or ho.
= The Htatenion' u " pn e.
fore the LIST day OF mayor milnin 'en a 'o
q written or prlnted notioe requiring d oeeh
LETT nj tne piaeo pn., naon u''
posted In the peaIest Fost omce'
3. The annual income tax IN personal TAX
and II cannot be assessed against any corporalon'
company, or partnership az such. Every indi.
vldual member must make a statement oil ms or
her share OF or interest In the gains ana prohts OF
buCu CUllDHD1. FlCsf y buNh gum anu
profits are divided or not, ana must Also state
separately his or her income from all other
sources.
EVILS OF NEGLECT TO MAKE OUT OR VERIFY
S. If any person neglects or refuses to render Il
written statement, the Assistant Asse"sor IN re-
quested to fill out q blank with sueh persons
name, and taxable income estimated according to
the best information that can be obtained, and
upon this estimated income TO assess the tax, and
then to add 25 per cent, TO such tax ~ q penalty
for neglect or refusal.
& An Assistant Assegsor NAV be misled in
making this estimate, by being mlsinfOrmed IN to
money received, or not informed AZ to money
paid. lie must assess, however, according to the
best information within his reach. The only per.
son capable of giving absolutely correct infOrma.
ton IL frequently the one who refuses or neglects
10 make n statement. II such person will not
take the trouble TO inform the Assistant Assessor,
there ia a bar 10 ali complaint, should the assess.
mrnt prove incorrect, and "a heavier tax be levied
than would otherwise be charged. Moreover,
after an assessment has once been made, II errO
neous, 1t is always Troublesome to the party in.
terested to have 1t corrected. All persons, there.
fore, but especially such as hdce no tdId6te income,
should not fail TO render the required statement,
upon the proper blank, 30 IN to avoid undue tax.
alton and troubled
7. Every statement must be verified by oath or
affirmation. When this Is not done, the Assistant
Assessor Ii required to estimate the income and
to add 25 per cent to to the tax.
EVILS OF MAKING A FALSE STATEMENT.
8. An Assistant Assessor has power TO increase
the amount In any statement, after giving due
information TO the party interested. Ho IL re.
quired, also, TO add 100 per cent. TO the tax when
4 false statement has been rendered and the
party making the false statement becomes liable,
not only for this additional tax. but likewise TO
two distinct prosecutions before the United States
Courts-one for making a false statement with III
tent to defraud the Government, ana the other
for perjury.
MANNER OF NAMING UP STATEMENT OF INCOME
BY the llsth section OF the law, the Comlnls'
sioner OF Internal Revenue IL empowered 10 pre-
scribe the form and manner In which the state
ment OF income must be made up. rms he mas
done In a printed blank used by ths Assistant Az.
SCISSOR. ana In various circulars anu rulings. Inc
following Ia a summary OF what mas been pre-
scrioSa;
:: ~ ne. a u ga W., nnni, y ~ L.
sulls o. NC "uu "a Vi enpI.n NV
peen oiviasa nus y Oo " III ntF'a, 'spG In q it o HSs
Thu. a ,n.rchaS, VIZ enSaosS IN farmira or In
Iaania,ionS M, h.IonyjnS 90 H. I.1,tj,na,. hu.j.
a"nnn, of.., co;ns IN Tho ons hw Ios.ss in
the other
. rbs rxpenses incident, 10 each business, re
ueuuSuoIc ~ II 1870 nav u
d speeuIA,ons "S"lm@e.y SeionsinB " MY
business anu nes a,'uSI Lmay vs eai.iu
p.oht anu lose "eeTuhl. ~ SroNctn ta! sp'',
nlate IN s'ocks' u ury sooaS meISnant III eo,,"n,a
nfum "sn,e, ,ha n,in ard L.s of .~r5 fce;timnts
may nnee' ,ne 5Itn u '" =. &c" ,nna h,
business. nIn "nSo nny ~ Wsu ~
e1cnango OF u kinuoi mouey pa,u y w. nor
cnana,se' NY ,u'' n n,u ~ ~ T., ,oIS o.ons -
cnhhulsc ncSoun" nu. - no NY bou, w
money, oni'cu 'Ia,es iienSHy noIes' " gu!
other thtng not one o. anS articles oil araue ueaonS,
speculation, the profit or loss from such specula'