Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1866-11-21
ABSTRACT or THE ANNUAL INCOME TAX.
EVILS OF NEGLECT TO MAKE OUT OR VERIFY
araTRxRNTS

r.,dor.
). II any person ne8lees y. Sssss.o- o. "a
written statement, the Asss,a au.h snnb nsrson,.
quested TO NIL out q olank ~ -. L. 30
name, and taxable income M ha obto,nsd md
The best inioruiauon lna' :" asss.S The tnx and
upon this estlmatea lncon' y So a !. a nanaI,u
then to add"o per cent 70 Su'n ~
Tor neglect or REFUSAL r,,r h. mi.,cd in
g; An Assistant Assessor m mn}I in formed "a ~ ~
making TINS estimate, oy 1e.nsaJ 49, 70 mnnas
money received, OF MOI a.cordine ~ m,
paid ne must asssss, III. ps.cb Ths only mar.
pest iniotIa'ion mi'n ahsn,rtoiy correc, Informn.
son caPaole OF gI'ins os.nho yafnses or navIec,s
.oh Is frequently lns Il =, .rcb nsrson will NOT
20 mnke q -, Tho A .sistant Assessor.
take tue trouble 70 IhioaIn, shorId ths assesa'
there Ia a bar to all compian', snoutu = H $780,
ment, prove incorrect, anu d So Morsnysr
than would otherwise oc eu~s oJ. n 80
after an assessment mas opeo poon nsu', ~
neous, IL Is always trouois All Dsrsons ,Sors.
teresied 10 nave ~ eolree.eI. ~ o,abi. ;,ror,
iore, Gut npeetaHy tsSA o .en";rsd siatsmsnt
shouiu NOT iall 10 reuueI u i.fa ID. e.
upon the proper blank 30 a. 10 AVoiu unuue INA
alton and trouole.t 49,
:. Every statethent mus y . ~. .,is,an,
arrmafton. When TINS IL noI uonI, T. $500 nj
assessor Is required 10 csunn'o '"' y "D'
10 add - per cent 70 10 inc luz: sr.rvxpSr
Evils of NAMING Us e 80.
y. An Assistant Assessor nas PImrf y H.
the amount In any statement, ave, sg"s uu'
niormation 10 the party in'eIes.e.; nv -
CURED, also, TO add lVo per cent y u a ,su
q false statement has been renusleu anu atin
party making the false statement oeeomeh lno
not only Tor this additional TAX, put mhsmisct W
TWO distinct prosecutions before the uhl'eu o,ateS
CourtS-one for making Il fhlse stnteinen. WIN IN
tent to deiraud the Government anu lux 'ne
LOT perjury. xcovv
MANNER OF NAMING w sIAIhnENi "
10y tns tietn seG,ion o. 'ne law m".r.S 10 mr..
soneE o. lnternA heyehue emHJThs, ~. 49,.
scrioe tne Jor" anu mdHHT ~ ne nc ~
ment OF income must DO MADE up. Inis no naS
done In a printed blank used py tue hsslstaht AN
'dssor, and IN VARIOUS circulars anu ruih8S Inc
following Is a summary OF WHAT mas oecn pre-
scnoea: u-
l. Eaen OF the great Glasses into ~nleh tue pul
SUITS OF ne anu Tue investments vi eap,l"' NV
oeen ui'lued must DO retuineu sePaIate'y- loss
In one not oeing allowed 10 onsst gains IN anoIhvt.
Thus o merchant VINO engages 10 farming or IN
speculation" nor belonging 10 ns Iesi.ilna'e ousi'
ness cannot ONSET gains III TIC one ny ''sses III
tue oIncF.
Inc expenses ineiuen' 70 eacn business 'e
oeuucpoIe Ioi tno reSeiPtsp us' ousness
j. Specula,iUha tSHIma1ey peIonslns 70 my
business ana tncse aionc. nay oe carried INTO '
p.ont anu ioss "ecoun" .hush oroAei may rPee,
uia'e IN STOCKS dry goous merenant IN cotton, =
naru"are mnh IN iron, e.e;. anu saeH sPecuiatIon
IhS anes' a So" Wy .aI" vs"a Nv
e1ehanso Y . wy h'nuoi noney pau Ioi ~ meL'
enahaise' anu TINS gam OF loss oeIongs 10 III mef.
cnanalse Hceoun', but II nc ouys goia' uncurren'
nS Sy my NV, o.s n nv ,ho ar,1. sa Nv S,Io Hay
otHot NM aie uaue oeions
ing 20 MS regular business ior the purpose OF
.peeuIanion, tne tiOn. ). Ioss nom sueu spVcuin '
you "ntho. : aIoweu.o ahee Tue PLont U sus'
from ns r ~ al SuspnesS a BUSINESS h rn
piaceu SfV.vV the nahusol q Non u oioi
MI msIu'ns I'm W % ~ u uOn :"
ssan.rs ~ so'u ~ nsn aesosn.' "uu uS',Is ri \,
Ss',yvV IN tnns '9r'ute. 'uoy enuueu 'un' 1t
shouIu os ueauItea IRON .hsr PROM IN oms'hess
commissions be"iS uIsaiiomeu u .'mth, a"u
sNu tHs ung9I" Iuhns nau pee tnA nsn :
Ioss Is mnue ~ Ahy Phh'eaI4 my asnn s
whien ,he,D aIo ~ sans y onss'; II ' naN
cru uIaa tO'' s"pa"' Unn IS 80 ~
nes.. nsaIn, oSs " esp"A Sn. y :"
ductea from income. he'urh o 'heoine n'ua'
90 usae on .hs sosm, Ltd. 4, ,r.,n.., NINA, \,
:. no" lI uLheteu. Ainuoo' ~ muo ~
returned separa.e,y ~ S poI,a ny tue '''''""s
rulings OF Com,n,,slonsT r. H' ,na s;or,,or n or,
| (dl-.Loss meurreuin 'ne PIoseSullon U ~
kind Of business cannot be deducted from gam IN
business OF an eHtrety dWvcn'eNaTdo'e'' nor IRON
salary, rents, dividends; ete.
LOSSES incurred III the PIoseeu'oho Vi oh'
branch OF business cannon oe 1euue'ea ron gan
III anotner, slhee an aoso.u.e .oSs ieI = u ~
prosecution o sns'e o"''"e" " '""i'p'"'"''
LOSE VI SaPl'a- a u,.
- Losses IN nershnnSiaa. -, IN ,h,. az
only rom gains IN an'u, Du',. ~ ~, =.
particular oran'nVs " n.Ina ~. ns nO at,
separated; 50 AZ sPesnLA.ton, aIo tOSo v. 10.
rom s,ocSS may '"S'' s"H u" P''u"
speSuia.ed r,, urs, max. rs,urn ~ thai,
70. ~ n'arnsonJJso II,bort rsgord 70 ,bsi,
Pronls non e,Iom or".,r. I.om iS,"rsst divI
Iossss IN spe'u.nnon, y, s"" nrr.a"
uenHS' ,rn'S, " W. 81 aon,o, h.. d.d,,,.,
M- -,ia.,a" srom soirs IN m"rcbandiss
rom sa'aiIes, hoi u hmua ~ aa"n
when losses are sustained IN OUT speeula,,oh nan,
ganS maui :. "a suon, s,ch saIns InsSa. IN an,
may &c 1T 49, ho dodrn,oa 49,,
oianen oI ,nan h.anoh mSy channI.s" nun
Sa'1a WSs,a s,octs r,c, ara bonuht n, , mar
~, irvss,msnt and soid aoain merclv n
M III Tnnas,m.nt a ins. sSs,aInsS In IN,
snanse ~ =. SaJn.,eJ s,om en-. dividands Nov
smanJI 10y nn, sSSsI. tSs nnrcbass ia made n,
~. an.no.. - .aII,n. ass,p an snscu,a,Ion On,
nv snsteinsd nv .bs ma cannot he dednctef
from JiviJsnd, bnt NAV be deducted from gain,
%srIxsd from The nurcG1,. and raj. Of s,ock' etc
4. .L..a... ,aa,n