Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-07-03
OF THE ANNUAL INCOME TAX.
. ANNUAL INOOmK TAX.

come Tax. and OF the decisions by the Depart.
mcnt at Warrington upon various questions that
have arisen, Wa present the whole subject, under
he ,eyaral distinct heads NJ 1870
sr.ryHyyr sHoUbD BIZ MADE-.wHERH, WHEN,
AND By WHOM, .-.r
l The law requires every person oflawful age,
residing In theU United States, TO render to the
MILITANT AyseG09 Of the Eub-dlstrict In which ho
ar abe NAV be residing on tho LIST day OF May, q
written statement, according to a prescribed
Sorm. of the amount Of his or her income. gains
and nroats during the previous year, from Jan.
uary LIST to December 3lst, DO b days inclusive.
A nr,nted blank containing this form can be oD'
,o,p.d nom the Assistant Assessor. A person
Sanine no a.ed resIdeuce, should make a state.
ne..ue 1870, he nv ,bs NAV happen TO bo; and,
ment - ano,har dI,trtct. should take
70 rAso - sts,ement 10 shoyy any
eerunea oopy sos.or Tho otherwise might
otner ssN .ea."msnt
make y seconu nns, h. rsndsred on or be.
:. Inc s.a,en n" NJ or within ten dayS after
tore inc lsI uay no,,cs reouirinu Il. has been
wriusn y, sss.ISsrca or N hnsIness or de.
leu at.Ie pc u.srsSt post OfBce.
Po s Th. ~ .nnrsi Incom, tax ia a personal tax,
ns,no, he assss,ed against any corporation,
somnonv Nv nartnership: as such. Every indl.
v!oua esao in,ar..t IN the oain, and profits OF
ners &c whs,hsr such gains and
suca I'LL diyideS or not. and must also state
pIon.s ~ ". = : h.r jncome from ali other
.vo,ycr tn N.xY ONT OR VERIFY
A'AbS T.TrxrN
n.,.r.o nselsct, or refuses TO render a
.amont ,he Is,I,tant Assessor Is 70.
"nas,.d =" All ont a blank with such persons
Saun 80 ,arahI. income estimated according to
~. -. insormotIon that can be obtained, and
= sS,s .s,Jmaisd income 10 assess the tax, and
~. ~ ~ IA OK mar cent 10 such tax as a penalty
sn 1900, - ,stnsaI
ior negiee. OF ,e,u'aH .o NAV h. mI,led in
o; An hsss,nn h, ho,,e mi.nformed az 10
making thls esuulh'c, W ueius - - nnnay
money received, OF MOI n'oaneu Dn 10 ,hs
paid. he must assrss, none'eI, nj nsr
best within W .s.n. Jn ~
son capable OF giving aosoiutety so''oes haa,,
tion is frequently the one VINO refuses Q = neSieoas
TO make q statement: II sucn Peasoa vi .saor
take tho trouble to inform the Assistant Assessor
there Is a bar 10 all complaint should tue asses1,
ment prove Incorrect and q neayie. TAX pe Iesisu
than would otherwise DC cnargeu. Mpteose1'
after an assessment has once been made u erro
neous, It Ia always troublesome to the party IN
terested TO have II corrected. All persons. there
fore, but especially sueh az hart no tdIdoH tHcoMe'
shonld NOT faIl 10 renier the required statement,
upon the proper blank, 10 a. 10 avoid undue tax
alton and troubla
2 Eyery abatement must b. verified by oath or
.na,;os When This IA not done, the Assistant
Assessor is required TO estimate the income and
10 add IS per cent. to to the tax
EVILS OF MAKING 4 FALSE STATEMENT. {,
". An AhnlhIHQId hbebEOE u p"VNA "
the amount In any statement, after giving due
information 10 the party interested: he Ii re
ouired. also, 10 add 100 per cent. to the tax when
q false statement has been rendered and the
marty making the false statement becomes liable,
no, only Tor tbI. additional tax, but likewise to
two JsiInct prosecutIopH before the United States
Courts-onef for making n false statement with In.
t.nt 10 dsfraud the Government, md the other
for perjury,
NiSSrR on MAKING UP STATEMENT or INCOME.
- n-t.
,Ioner Of Internal Revenue IL empowered to pre-.
acrbe the fevs and manner In which the state
ment OF income must be made up. This he has
done In u printed blank used by the Assistant a..
SCISSOR, and In various circulars and luiihSS lne
following Is a summary OF "n"l NAV oecn pro-
Acribed;
!. Each OF the great classes mo ~nlcn she pul,
CULTS. OF Life and the Investments OF ehPilai u"'e
oeen uVloeo mus, DC I H. ~,
In one not being allowed to offset gains IN another,
Thus . merchant VINO engage u ,ar,mI n VI h,.t
specuia'ions NOT oeIongins . 49, o"I y,
ness cannot Onset gains IN INC QUO oy 'osses
the other. o
= Inc expenses incIIent ' ~, , U :"
deaucuoIe ,Ion tu1 ietS.pssI s.IornInn 90 .pv
sa Speeuiaeons ISH'Mo4esy SeionsMs w ~
w.. 80 I Ios. .coornt rhns broker NAV spec.
pfont anu ioss aceouh.. ~ "c,,nn n
ulate ID slocxs' = ury So O,n arS ."eS snscnia,ion
uaru"SIo y" 81 IT,. ~ .nr6 LEGITIMATE
business a meIe 1nd ~ ni r"on may na %dN fop hi. meI.
eScnsnse ! q. III no,U ~ Ioss haIongs n bis mer.
ehandise' and TINS gam d Ioss oeionss = nsm..
chandiSe account; bu. u 1e ouys soi N,.s GU anx
nl9pey, on'eu Ia' ,rnJ, h.,ong.
other thing not one OF INC articles o. .saae oe,"nSi
ing 70 ns resuiaa ro. :, r .p.crlO.
.peeuITI =, i ~. a Ii 70 afssct The nrost or Ios,
lion VIII not DC hio"eu NC u y a.
from bis regular business. a ousiness nlIu
placed ..v,vHv h,n ~ M. i, 4, ,hs nprcSase and
ker, $ ,h.,. ..oorn, and hnvJnv lot
saie OF So'u, - ,nr ,hsr cioimsJ ,b., II
SsLyvv IN .ms rso'n ,hoir, ro9,. In brsJna.s
should be dedueted from men pIon,s \ oussneesS
commissioner Lewis olssIowed 'ne Siaim, Anu
said the InVSr" ruling naa oeen .naa na" I
los. IL made In any PsIueuIAr Sup, !, nS aIs'
which mere arc no sMu, 1919 r. a., 6n';,
ered q aSaa to'' ~ .sni,si cannot he de.
nss, s ni hcom.'" "Rsturn Of income mus,