Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-10-11

oYnHoa eFely person OF lawfu age,
Iestuns ~ ing onlteu states. to render to the
a. az" 49, hs = sno su1.distr.ct In which he
UL.,sn y ~ Isl Gay OF May, a
49," SsM, aSs1,uihs 10 Q prescribed
10TH, ", y anioantot ms Or her income, gains
nnu pI :. ~ LILLY tne previous year, from Jan.
a r,,n,sd blsnS ooos. vJ.h aays inclusive.
tna,pad 60 ,ha Ea.ts.nn.s snIs lolm can Do OBJ
sanina ~ sxaJ aGSnnsI nssessor. a person
rnan, Sbs,svsr 4. ~ -. snyue MAKE . state
T., 49, ~ 1890 u nay nspPen 70 DC and
L easH W aho.aei ols.rct, should take
ASel.Ieu copy o,.saen ssatement 70 SNOW any
QUIET As nus Assessol, VINO oIner"ise might
MAKE = seconu assessments ,gH...
= Inc statement must DO rendered on or be.
iole tue tss asy = = 1sy, OF WITHIN ven Gays aiter
iHsmm az tha Sioaa ~ rsstd.nc teqatrms =, nAs oeen
y sLo pnN. vi ousines'' vi de-
po asi NJ ~ .ne pgIsss ros. Omce
y aut. san ~ . PeisonA YAK
anu cannoIpe assessed against any corporation,
c9mpgny, or parInersnlP, IN sueh. Every mol.
viaua memoer must MAKE q statement OF MS or
ner snare OF or interest N tae gains ana Prohts OF
sucn company, etc, Whetner such gains and
profits are divided or not and must also state
separately his or her income from all other
sources. Hus
EVILS OF NEGLECT To MAX OUT OR VERIFY
STATEMENTS.
S If any person neglscts or refuses to render q
written statement, tho Assistant Assessor Ia re.
quested to fll out q blank with such 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 o5 per cent, to such tax as a penalty
for neglect or refusal. ... ...r
g. An Assistant Assessor NAV be mislsd in
making this estimate, by being mislnformed as to
| money received, or not Informed as 10 money
paid. He must assess, however, according to the
best information within his reach. The only per.
son capable of giving absolutely correct informa.
10 make a statement. II such person viii not
take the trouble TO inform the A~ssistant Assessor,
there is a bar to all Complaint, should the assess.
ment prove incorrect, and q heavier tsx be levied
than would otherwise DO charged. Moreover,
after an assessment has once been made, II erro
neous, II ia Away troublesome TO The party in.
tereIted TO have Il corrected. All persons, there.
fore, but especially such a. hare no to1a5k income,
should not fail to render thu required statement.
| upon the proper blank, 40 az 10 avoid undue tax.
alton and troubled
= Every abatement must be verified bv oath or
aSraatios. When tbis IL moi done n, is.is,snt
Assessor Ia required TO estimate the Income and
10 add IS per cent. to 10 the tax.
EVILS OF MAKING A FALSE STATEMENT.
9. An Assistant Assessor has power TO increase
the amount In any statement. after giving dus
Information to the party interested. He il re.
ouired. .lso. 10 add loo ner cent 10 the IA. when
= false statement has been rendered and The
party making the false statement becomes liable.
moi onIy for tbis additionsI taY INT iikeviss M
two Sis;inct ,ros.cntion h.sora ,bs IfrI,sS s,s,s a.
Courts-onsf Tor msking a false ststemsnt with in.
tent to dpfraud the Goyernmont. and the other
for perjury,
MANNER OF MAKING UP STATEMENT or IycoNy.
By the 18th section Of the law tho CommIs.
sIoper of Internal Revenue IA empowered 10 pre.
scribe the form and manner In which the ,,ate.
ment NJ income must be mad. nm This he ha,
done In n printed blank used Inv tbs AssIvtant A..
sdssor and In yar,ons cjrcniars and rnjings TT.
foiInvino 4. a s,mm.rv ~ rha, haa 10, .
scrih.d. " -" ''A P'
i Each NJ ,hs orsat c,asvo. into .,b,oh ,hs ,rr.
= I,S. sns stoa. siasse' wv "neI y pui
saNs ST,id.1 ILL.,, = Sa re,rrna ~ cap,.Ai na,e
~ Tee an nn, Sa,ns sno 10 ~ ~, '.pI,sI - ,ossss
). ootns az W alo.her.
nuus = = y VIZ 1855 IN tanning OF IN
spes e.nnn, otf"., a.ins \. ,,a .s ons h H In..s uuS ~
the other.
: Lme exPensss iueiaon. 70 eacn business "re
deououole tom inc reeeipts OF tnat business
.. specula,Tns HSntm@@y Belonging 70 any
business, and these alone. may De carried into It's
pront and loss account Thus q broker may spec.
ulate In stocks, a dry goods merchant In cotton, Q
hardware man In Iron, ETC., and such speculation
may affect the gain and loss Of such legitimate
business. A merchant also may make or lose by
exchange or the kind Of money paid for his mer.
chandise, and this gain or loss belongs TO his mer.
ehandise account. But II be buys roId, uucurrsnt
money, United States Treasury notes, or any
other thing not one Of the articles of trade belong.
Ing to his regular business, for The prrpose OF
speculation, the profit or loss from such specula.
lion will not be allowed 10 affect the profit or loss |
from his regular business. A business Arm |
placed $40 900 In the hands Of n New York bro.
kar Instructinu him 10 nse /. In The nnrchass and
All, on gold. an THAR account and HAVING lost
S27. 500 In this venture. thew claimed that n
should be deducted from their proats in business.
Commissioner Lewis dlsallowed the claim, and
said the uniform ruling had been that when a
loss Is made In any particular business, against
which there are no gains TO offset, It Is consld.
cred a dead loss Of capital iapeyted In thdt bust.
ness" Again, "loss Of capital cannot be de. |
Quoted from income" Return of income must
be made on the Sains."
4. How far different kinds Of business must be |
rs,prnsd usnarataIv In shovn NV tha ~folIovIpO