Western Reserve chronicle. [volume] (Warren, Ohio) 1855-1921, 1867-04-10
Annual Assessments,

The Internal Revenue Record, of March
80, contains an article on the subject Of
Annual Assessments under the new In
ternal Revenue Law, affording certain
items of information which many per-
sons will find to their advantage to be
more familiar with, than the public,
generally, are supposed to be. The
Record says that one month of the two,
prescribed by the recent law for per-
son liable to- Special tax, to file appli-
cations with their assistant assessors
and pay their daes, has passed, with
very little progress. Much of the de-
lay has been owing to the misappre-
'hension of assistants of their precise
duties under the new law, and the
omission of the Department to give
them the proper instruction.
The license, or tax year for special
taxes is unchanged. 1t begins the first
of May, and ends the thirtieth of April.
The time for persons in business to
make application, or to file notice, and
to pay the tax has, however, been ad-
vanced two months earlier in the year.
It is the duty of the persons intending
to continue in business after the first Of
May, whether in their present place of
business, OF In a new one to which they
to move, to make application
and be prepared to pay their
tax before the LIST of May. If
any person liable to special tax is found
business on or after that date, he
will incur the penalties prescribed by
which will be enforced with the
utmost rigor consistent with justice.
The time for assessments have been
for the purpose of enabling
every person to obtain and hold their
tax receipts during the entire
rear as the law requires, and if they
so to do, they will have to bear the
punishment of a fine not less than SO
Tor more than $500.
Wholesale dealers whose annual sales
.xceed S25, 900, but do not exceed $50,
should be assessed $50 for the year.
f their sales exceed $50. 900 per annum,
hey should be assessed $50 for the year :
nd entered in the annual list; and
hereafter beginning with the first of {
lay, make monthly returns before the
9th of April showing their sales for
he month of May. provided the same :
xceed $4,000. They should then be !
ssessed in the May monthly list, 81
er thousand, on the excess above $50,
90. If their sales for May be less
nan $4,000, they should not be as
sssed until they have made sales to
ne amount of $4,000, when their lia- r
to tax on the excess accrues. I
Wholesale liquor dealers should be I
for the year 500, provided q
aeir annual sales exceed SIS, 600, but
D not exceed $4,000; when their
les exceed $50, 900 they should make ]
turn and pay tax monthly thereafter c
ze wholesale dealers, u dollar per Sc
.ousand on the excess. The liability j
these dealers to make return for
sy, depends upon their sales during
st month being in xces of $4,000. G
heir liability to make monthly returns "
taches for the month in which their Y
les after May /, 1867, run over $4,000 R
ID they should, under penalty for de- G
ult, make return before the 10th day
the month following, without await
2 notice from the assistant assessor. D
All manufacturers of products ex- p
.pted for tax by the Acts of 1866, n
d 1867, except of butter and cheese, b
ould be assessed special tax of $40,
nich covers all sales of their manu-
at their factories, or at their -
Offices, provided no goods are y
ipt or delivered there except as sam q q
es. If they sell goods other than of !;
cir own manufacture, in excess of ~
900 per annum, they should be as
ssed for special tax as retail dealers
over $4,000 per snnum, then as
l~olessle dealer, in addition to the "
ecial tax as manufacturer. No time L.
to be lost IL completing the annual U
seEsments, as the Treasury will need v
cry dollar that is due as soon as it Il
q be collected.