The Pulaski citizen. [volume] (Pulaski, Tenn.) 1866-current, 1866-06-15

lars deduced from the income of EACH
The parent, as the natural guardian of the
minor child, is required to make return for
him. But where any other guardian or
trustee has appointed, the return should be
made by the latter. If the minor has no
guardian or trustee, he should make return
himself If he refuse or neglect, an inde-
pendent assessment must be made as in
other cases, Omltting penalty.
18. If tax payer has minor child in
the civil service OF the government, receiv-
ing salary, such parent should include in
his income return so much of the salary of
his child as is not subject to salary tax.
10. Voluntary contributions to bounty
funds are not considered as taxes, and can
not be deducted.
20. Rent of a homestead actually paid
may be deducted, but the rental value of
the property owned by the tax payer is not
a subject of deduction.
90 Any one claiming deduction on &C
count of expense for room rent must satisfy
the assessor that the room or rooms occu-
he has no residence elsewhere, and this be-
ing shown, he may be allowed to deduct
what he actually pays for rent of such
rooms. When rent is included and deduct
ed as expense of business, it must not be
again deducted as rent, nor should person
hiring house and sub-letting portion of
it be allowed to deduct more than the ex
cess of his payments over his receipts.
21. Among the national, State, county,
and municipal taxes deducta5le from in
come are comprised such internal revenue
taxes as have not been included in expenses
of business, and such municipal taxes as
are assessed ratably upon all the persons
liable to such assessment. But assessments
made by municipal authorities upon the
inhabitants of particular locality of town
or city on account of special Improvements
in or upon the streets adjoining the premises
of such inhabitants, the same not being as
sessed ratably, are not considered as taxes
deductable from income.
22. Marriage fees, gifts from members of
a congregation to their pastor, &c, are tax
able as income when the gifts or donations
are in the nature of compensation for SER
vices rendered, whether in accordance with
an understanding to that effect at the time
of settlement, or with an annual customs
=. 90. Gift of money, when clearly not in
the nature of payment for services render
ed, or other valuable consideration, are not
liable to taxation as income. Amounts re-
ceived on life insurance policies, and dam
ages recovered in actions of tort, are exempt
! from income tax.
PA. Lawyers and physicians may return
either the actual fees received during the
year, without regard to the time when they
! accrued, or the amounts due TO the business
of the year. But when the tax payer has
heretofore adopted one method, he cannot
now be aEowed to make use of the other.
25. If the manufacturer or dealer has
been in the practice of estimating his an
nual profits by taking inventories of stock,
he should take the cost value of such stock,
unless he has taken the market value in
making previous returns. Whichever
method has been adopted by the tax payer
should be adhered to uniformly.
90. If interest accrued during the year
on notes, bonds, &c, is good and collect
able at the end of the year, it should be re-
turned as income whether ac tually collected
or not.
27. The fact that income is devoted to
the navment of debts does not release the
same from liability to income tax.
%. If an inventor sell his invention al
once for a gross sum, he should return as
-pe the whole amount, less the expenses
ALLY incurred in perfecting the inven
I ton, or in procuring patent right Blu
no allowance can be made for the labor OF
personal expenses of the inventor. If ht
sell only portion of his right during the
year, he may deduct proportionate amour
of such expenses.
%. Whenever the salary or pay received
by any person in government employ does
not exceed 5000 per annum, or is made u
of fees, or is uncertain or irregular in the
amount or time, and has not therefore beer
subjected to salary tax, it should be return
ed as income.
80. Incomes of persons who died afte
December 31st are taxable, and should b
returned by executors or administrators
and also income which accrued in 1865 T.
persons who died within that year. In
come which accrued from the estates O
such persons in 1865 after the date of de
cease should be returned by the heirs o
other persons who received the benefit O
the same.