Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-29
ABSTRACT OF THE ANNUAL INCOME TAX
ANNUAL INCOME TAX.

l Utuk n u w ahAlAAlk NNh AR'
have arisen. We present the whole subject. under
It's several distinct heads;
STATEMENT SHOULD BIZ NADE-.wHERE' whEN'
AND BY WHOM.
l. Thelaw requires every person Of iawini age
residing in the United States. TO render TO the
Assistant Assessor Of the sub.distr. ct IN when nc
or she may be residing on the LIST day OF Nay y
written statement, according TO u prescrioeu
form, of the amount Of his or her income, gains
and profits during the previous year, from Jan
uary lst to December 3lst, bob days inclusive
/ A printed blank continuing this form can De o.
tanned from the Assistant Assessor. A person
i having no fixed residence, should make "a state
ment wherever be or she may happen to be; and.
In case Of rauuyal to another district, should take
a certified copy Of such statement 10 show any
other Assistant Assessor. who otherwise might
make a second assessment.
Q. The statement must be rendered on or De-
fore the LIST day OF May, or within ten days after
q written or printed notice requiring II. has been
len at the place ofresidenco or OF business OF oc'
posted In the pearrst Post Office.
3. The annual income tax Is a personal YAK
| and II cannot be assessed against any corporation,
company. or partnership, rs such. Every indi'
vidual member must make a statement oil MS or
her share Of or interest In the gains and profits OF
| such company, etc, whether such gan and
| profits are divided or not, and must also state
separately his or her income from all ether
| sources.
| Evils nv xEoIHcr TO MAKE OUT OR VERIFY
| 5 II any person neglects or refuses TO render q
| written statement, the Assistant Assessor IL r..
| quested to ill out a 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 25 per cent, TO such tax rs II penalty
| for neglect or refusal.
NJ as,Sms,n nv hs,rg mi.Inform.d us 10
money received. or not informed as TO money
naId He must ass.ss. however, according TO the
| best information within his reach. The only per
.op canahl. Of giving absolutely correct informa.
,ion he frequently the one who refuses or neglects
10 make A statement. II such person will not
take the trouble TO inform the Assistant Assessor,
there 4, n bar 10 all complaint, should the ASSESS.
ment proye incorrect. and a heavier tax be levied
than would otherwise be charged. Moreover.
after m assessment ha. once been made, II erro
nesus, II Is ALWAYS troublesome to the party in.
.-.s,.S 20 have n corrected All persons. there
To-. hr, ,,,,r;suy ,uch AZ hare no taxable income,
shorla NOT faIl 20 render the required statement,
"non ths ,ron.r blank. 40 a. 10 avoid undue tax
IL ,rd trophla
= Every statement must be verified by oath or
aErna,iOa, When this is not done. the Assistant
Assessor Ia REQUIRED TO estimate the income and
10 Add IS per cent TO to the tax.
rvusor v,vrso r.Isy STATEMENT.
60 h.. nov.r % i,.,,a,,
go, - 49, s,a,snsn, nftsr Giving due
the amount IN any ~ 81 -
htorma'on W "a p%.! p,
CURED Alse, 70 aeI " . sonS "a a.
4 iSise s,H1enSn' Hns 80 rI,hia
party MAKING me Hsss 1 su ~. i%snIso, -
NV - ). snns snIanss..o ~ IYnI,sd Sta,s,
| two distinct prosecutions eioretne oh'ea S,a,e'
Courts-one . \ ataLsc $3.50,
tent 20 ae'"u' 'H' "o'e'""'"'' J"
tor PERJURY
MANNER OF MAKING UP srArEhENT OF INCOME
By the lls,h section Of the law. the Commits
sIoner Of Internal Revenue Ia empowered 10 pre-
scribe the form and manner in which the state
ment of income must DO made up. This he has
| done in a printed blank used by tbs Assistant As.
SCISSOR. and in varioas circulars and rulings The
following IA 4 summary Of what has been pre-
.cribed;
1 Each Of the great classes into which the pur.
| suits OF life and the investments OF capital have
been divided must be returned separately losses
in one not being allowed to Offset gains In another.
Thus = merchant who engages In farming or In
| speculatlons not belonging to his legitimate bust.
ness cannot ofr.e, gains in the one by losses in
,he other.
: The expenses incident 10 eacn business re
o Sao"Tnnn ~ .s;,iRc,,S. hsinrcinc 10 .Dv
- ,h.s. -. NAV n. csrrisa In,o n.
~ So - asoo,n, Tbn:. h,o[ar NAV spec.
pm ~. sn.-shan, 4, .a,,nr ,
uLa's a 5000 a. ~ =. "a .".S .ns.ria,jon
" 80 ~, 800, - fss;,,Tna,.
may AFFECT sne gan ana so.s o. .sea rssi o.a hs
oussness. LIN - 800 naid Sor HI. mar,
eheusanseo NJ III - Io.sh aIan,s % hi mar
IsnShse, = ."t' a., ~ NJ hr~. Ia nrcnr-,n,
enAnE $500 So rrvs 80. ~ NV
money unrn's CO. r,,. ar,;cia: ,rsd. S.lonS
1lAe, ~ -, sr.tns.. w ,bs nnrno.s %
Lns ~ - "a, o. - NV sreb sp.cr,a.
specuISion. ,ne P,out ioss SUI 49,"
non "nihsI He' '"s 49, az
rom " Ies In nnp ". W., -
pIaeea sao,yUV VI - ~. y, ~ ~ go I'd
ker' msHussas In $500 -,
sale OF gold, on ther account ana ns',ns .0s |,
s2i,SVV IN nls venture, lhey .nneu sna, "
snouid De ueauS'ea uoI an,u to. !. IA ~" 90
commissions Lemis uIsSiS"eu = .~M. =
SAID the ahy1r" runns uau oesu ~ rugn :
loss Is mAoe IN Any ps,ueul" go
which there are no Gam 70 ouse', n.onsu'
ered asea to'' eep.at W -" - ~
mesa AsNn' Tvs. ssp,a4 .aon ~
aue'eI y .nn,
DC msno y = ne, VIVID. q, hrs,n... nrs, h,
NJ" n.n,.rr =. sho-n hn an soIiowins
sISnrs !, ca%mIssionsr Rollins.
: in.nr-a5 IN tha nros.c,,,o, NJ an.
It-Il.l -.