Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-07-09
ABSTRACT OF THB ANNUAL INCOME TAX.
MNGnMC0MRTAX

TeaErE a -T Hsr i
Having been requested 10 prepare m abstract
Of what q required by law In reference TO the In
come TAI, and Of the declsions by the Depart.
ment at Washington upon various questions that 4
have arisen, We present the whole subject, under
~ sove1l distinct headh;EE ~ 81
srArEakEHT SHOULD N Mkpx-WHERE WHEN,
n ny WHOM.
]. Tho Law reopiresevery person oflawful age,
rraMnr n tho United States; to render to the.
A s,i.tant Assossor Of tho sub-dlstr.ct In which ho
r.shs may b. residing on, the lst, day, o fMpy. a.
Wfitu9n itatcmcnt, according 70 q prescribed
W snats dnrinv the nreyious wear. from Jan.
saep. a. nncsyrhar 3Ist no h daya IncluIIye.
-. "a h,.nf sontaininr tia form can be OBJ.
go m. Ls,is,ant A,sessor. AZ person
ssinHu 49, rssJdsnce should make n state.
nAving ~ .errns NAV hanpen Ia be, and.
%en." Sr.novsI N another dIstrist, should tskc
q eegtlhedJcpRy ~ cnrsffementl 70 isney ~
tidr1ASsistanh Assessof, VINO otnef"iso'misnt'
make o second assessment ]
q The statement must % ,sIu ,ar d TH ~
fore tho LIST day OF May, or within yen cay sit@
o written or printed notice requiring ", pas oeen
lst O. the Plaee OF residence oget nsineSr OF 90
ptatedtnf1eHoeretEfoBE Omce.l H.Gah
a T6e annual income tax 10 Q personal tar,
and Il cannot bo assessed against any corporation,
company, or partnership, as such. Every indi.
yidual member must mako Q statement Of bis or
mar lharo Of or interest In the gains and profits Of
m1hg0ompknS. etc, whether suoh gains and
nroAts src diyided or mot. and mu.t also state
..n.rs,sIy hi. or bcr Income from AM other
sorr.s.
wi, AZ syarrcr To MIyr our OR VERIFY
~ sT.rvMrNTs
I! ,t .,v n.r,on nrrieetf or refuses TO render a
xrJ,tsn statsmsnt- ia Isdstant ASSESSOR IL re.
49,. s.s.oI ~ an az, .bianL wJ,h snch nerson',
queasoo 70 nn Uut : Uau ..,,as,sS "n.ordinS ~
III s, = ..Hae,on ,hs, car he ohtsInsd ana
INC oess nISfna.oI ga ~ ~ snS
upondms s.sma.oo incone ~ - naraI,o
tnen 70 aodzo per cent 70 su'n pN"y
iof neg,eI. 0t I,,.,,or NAV be mI,led In
p An AsAntsn. AtsSoI Mn c.tss,s.sS \. -
MAKING Inis esu"A.o,o " ToIus 1aSa
money received, OF MOI lnIormea " v wo.sy
paid. Dc must asse.s, however, aeSU,uins '
best WITHIN M rsIcn. LIE Gnty PEI
~. ,soa S :. snoSn 81 f.y tbs one Who sfusss or nssiects
TO make . statement II suen person WIN NOT
take the trouble 10 inform the Assistant Assessor,
there 10 a,barto all complain, anouiat ns assSss,
ment prove ineorreci, ny u neasles - n,nors
than would otnerwise % cnaasea, mGT,soorre1'
'aitor an assessmens m vuTo y % ~. nar,~ ~.
tercstea 10 naye ~ eoiISe..L an p"sI 49,
fore, put cpectday sIeA a. 1opeHg ta.o0e 'Heome'
should notfnnte renaeftne require1 ssa.smen't
upon the proper oiank' 30 az 70 A'oia unauo TAX
ation and trouhle,
Z. Every staternent must DO verined oy o6tA or
Affirmation. Wheqthis Is not done, INC As.ntan,
Assessor u REQUIRED 70 estimate the income and
to add Is per cent 70 70 inc ta1
Q. An Assistant Assessor has power 10 tncTease
the amount In any statement, AFTER giving due
Information to the party interested; no vs. e
quirsd, ai.o, =. aad Nv Pes cens 70 .Se snS ,ss
= IMso sss'~ N ~ -. S..ans. ishis
not only for this additional tax; put nke~ise 70
two distinct prosecutions eiore tne onlteo Sta.es
Courts-one for making atalse statement
tentto demand tAe eovsrnmen'sa ma 'ne o'ner
for perjury.
MANNER OF MAklNo ur s~IxIhnLsto ~
By the lletn seeuon OF Inc law, Ine Somuns'
scribe inc JerM and |aHner IN mnic9 tne s'a.e.
menrof income.nrn 90 msas uP. Inis no nus
done In q printed blank usea oy tns h,slhlAnI "a ~.
SCISSOR, ana IN Valoua cireuieII nu"hsS 80 ~
IoI1M.ns =
sc5ios1. o,,h. n.,, c,s,.., into which IN. Dur
mia n ma and the inyestments Of capital have
han divided must be returned sspsratsly- losses
=, nor ons NOT BEING silowedto ofsst PAINS in another.
~ w.rehant rbo snUsees IN farming or In
REGULATION not belonging TO bis legitimate bust.
nss, cannot offset gains IN the one by losses In
M, Iss otS.r'
Q The expenses incident TO each business re
4 SPECULATION lsSitiaaisly belonging to any
hnr,ness. and these alone, may DO carried into It's
sfoaf nnd loss account Thus 0 broker may spec.
uisisi ii aooas,~ adrysgoods merchant In cotton. a
hardware man In Iron, etc. and such speculation
may affect the gain and loss OF sIeA legitimate
builnes&a Amsrchant also may make or lose by
exchange or the kind Of money paid for bis mer
| chandlse, and this gain or loss belongs TO bis mer.
| chandise account. But II he buys gold, uncurrent
money, United States Treasury notes, or any
S.as. - s h1s p rssuipp busipe,s' for n. purpose Of
.nseriaton. the profit or loss from such specula-
non viii mot be allowed 10 Affect the profit or loss