Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-11-09
ABSTRACT OF THE ANNUAL INCoMR TAX.
EVILS OF NEGLECT TO MAKE OUT OR VERIFY
STATEMEyTS

EVILS OF NEGLECT TO MAKE OUT OR VERIFY
srATEMENTa
& IL any person neelects or refuses 10 render q
written statement, the Assistant Assessor is re-
ouested 10 All ont "A blank with such prrson,s
NAM. md ,.YabIe inconr cs,ima,ed nccordinv 10
In. h.., informa,i"n ,h., can h. obtsIn.d and
unon mi. ..,imaisS I,cam, n" asss.siss Tar and
then 10 Md % o.r c,n,. Ia ,ueb tnx M a p.pnlty
for n.c,.c, nv ,,,ysaI
n an ss..,,n, ..o may n, ,isI.d I,
making mi. .sti,nat, nv b.Iuv mi.inform.d M. 10
mopev received or moi infnru.d a ~ Nancy
nniJ n. mrs, 49, ho,S.y., .ccnrdin, o. III,
best information within his rraehI Thr onIy per.
son canshIe NJ r,vInS ah.oI,,,eIv co-r.c, jrro,ra.
ton liz fr.ou.ntIv The one who r.f,,ss mr. na,lec,s
10 make n statemsnt n ,urh narson viii not
take the tronhla % inforr ,hs A ssIstant A,....or
tb.r, n n hsr 20 iii comnIaJn, shoriJ tbs ..sss.'
ment nrovs ircorrec, 40 > hnayIor ,ar he iswjsd
| than wopId o,harw;,a he oh.ra.d Moraovsr
after an ssssssmsnt h., op.. hssn mad. n AFRO,
nrops n, n ai,ravs trorhIosous to ,bs marty In,
t.rsstsd 70 havo !; oorrsc,nS All nsrvons ,Isre.
fore hn, 1900 H. .n ~. a. i1r.SL I,rn.s
sbonIJ No, San - .e,,,.od s,o,amnn,
nnnn th nor rnI . render inc requreI s .sna ,an
alton a ~ p ropb eiAnk' 30 VI 'a'o'u unuu' u
= 80. ouotef
oSrna,;oy Wien ,bis ~ 80 70 dona IN. issIs,ant
Issessor h. raonJr.d 20 a.,Iuaa, ,hs income and
M MIDI o5 nor can, 40 " ,hs ,.N
Evils or MIvISn ,v,Isr sr,rrNryr
q An Assjstant lssss.or bos nower to inry,a,,
| IN. amorn, Ia - oiy;nr an.
,nSorna,ian a., LH' ~ eus -
nmir.d sI.n y, ~ a = Inn ln.e,' w ~. 80, Sbsr
~ 49, s,n,S y PorseuS - a.
marty pnLins ,ha t H. 80 hacnmes iIahic
No, onIw Sor ,SIs aId;,;onai ~ br, iiksvIs. N
two djsiinct pros.cMtinnsh 80 n. limited states
Copr,s-on. for r,eIinn . 60 .,a,.nnant y,Jtb In.
t"nt 70 dsrrand ,Sa aaa.so "nS IN, o,har
for nsrinrv
N,iSsfp ~ N.v,So r., sr,rrxvvr or ,srour
Nv the Is,h section NJ The law the CommIs.
| sioner of Internal Revenue IL .mpowared 10 pre.
| scribe the form and mann,y in which the state.
mani Of income must he made mn This he has
| dom, In a printed blank used Inv ,be Assistant As.
sdssor. and in various circuIars and rulings, The
foIloving Ia a summary ~ what has hsen nre.
scrIhed.
/. Each of IN, great clauses into which the pur.
,uits of M and the inyestments of capital have
been divided must DO returned sepdyaielv- losses
in ono not being allowed TO offset gains In another.
Tbr, a merchant who engages in farming or In
snscnlatjons moi belonoinS "a bIs Legitimate busi.
ness cannot Offset gains In tho one BY losses in
| the other.
. Tbe rxpepses incident 10 each busInes, ara
/ deductible from the receipts Of that business,
2. Speculaiions k9itfratay belonging to any
business. and these alone, may be carried into It's
i profit and loss account. Thus q broker may spec.
| ulaie In stocks, a dry goods merchant In cotton, a
| hardware mar In iron, ETC., and such speculation
NAV affect the gain and loss of such Legitimate
hn;;ra.s ms2cLnut aI.o maw naL. or IoS. bv
exchange or the Kind of money maid for his mer.
chanJIss and This gain or loss bsIonos IN his mar.
| cbandi.. account, hut II he buy, roId. nncurrent
money, United States Treasury notes, or any
/ other thing not one of the articles Of trade belong.
inc 10 bIs reoular bu,Ines. for the nnrnose ~
SPECULATION, the prod, or loss from such specula.
ton will not be allowed to affect the profit or loss
from his regular business. A business firm
/ nlac.d $40. 600 in the hands Of a New York bro.
ker, instructing him 10 use II in the purchase and