Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-21
OF THE ANNUAL INCOME TAX
ANNUAL COM TAX.

,IpS
STATEMENT SHOULD 81
M Bf WHOM
l.. The Law requires every person OF lRwml age
residirs In the United States. 10 render to the
Assistant Assessor OF 1.-THE sub-distr- Ct In wnich ne
or she may b. residing on the Isl dAy Oh ny
written stasement, nem tn.pn. cain.
md nroats during The previous year, nom jan
r,ry l., 20 December 3lst, boil DAYS inclusive.
r,sn,sa Mani containing this form can be OBJ.
,a,r.d r-on ,he As,i.tant Assessor, A person
ha.;ns No s,sd r.shlener should make a state
0..s,a,.r n. or ~. NAV hammer 10 be: and,
~ sa.s ~ rsnoyaI 20 another district, should take
= lila .o,y ~ .uch statement to show any
ASei'seu soP! sN.ar r. o,hsruiss might
~. $3.50 .aa.Sm.nt
M" % -, n. r.nd.r.d IN or he.
ss.ns NaS Or within TEN days ater
sS-t,,.a -. n,,u,.J no,ic, r.ouirine II. has been
=" =, ~ 80 "frs.SSsnc. or Of business, or de-
no,,tsS In ttha ,.arr., Post Office.
n III. ..a,.i Ineom. ,aY /. a personal tax.
S.ue ANNUAL wv sornnr,,Jon
enan eannos % assesss9 49, irdI
company OF pArtnersnip, Us ,.n,o ~ NJ. ~
sauN memoernoss mnA. : ssIn. az nrost. Of
ershAre OF or in.eres.l - .n.h ss,n. ana
s-os ssmpSiy - =, ~, ana mn,t also .,ate
,sn.,s,sIH NJ. az hsr Income from All other
,orr...
ryus ar xxo,r cr 70 x.xr OUT OR VERIFY
sr.rrxryT.
nnnv person nesl.cts or refuses to render q
Il -rifNnn .taNarnant cha A aatatant AAnQaaOr IN TO
"nss,aJ 80 am az, . Nal vith speh persons
HSssssS aA.s,aa,ad .e.ordinv IN
,ha 70, tnsa."avnn ,ha, .an hs ohtainrd. and
- M. ....,a.,.S -. 90 a,ss.s ,bc tar and
then 10 add Ss n.r cent, 10 such tar a. a penalty
Co. nsc,sc, - ,s,r.sI
's u.sieI u.v n. n;.l.d In
y ~ s,rm. a.,
"ANlns shis esu"sae.o! Ssa.S a.. 90 mons,
money .eeeiSeu' y . nV' .u'aA.u :. ~ ~,
paid, De must aAsa,s, no"e'ei, 800
/ Oest luIOrulAtlou Wltu VA tVeSh. a. -
son eapao!e OF giving AosoIu'eiy Sss."L.s.
ton 10 frequently the one nosetusess 80
70 MAKE . s,s'ensns. .n. s....sor
tsSe tne trouble 20 "n.naIn, sSonid The o..sss.
there 70 u oar 10 al mp'a sIooiu = s~IaI
ment prove ineotrret. anu d nea.ei N"rsnysr
tnan "ouiu otnel"tse oe euaiss". n -
after an assessment has once been MADE, ero
neSus, II Is Always uouoissoms y 'ne pax! -
terested TO nave IL corrseted. Al pe'spnss :
fore, out espeGtaHy. aS - s,s,"S..,
should not fail TO render tue requlre1 s'a,eneh''
upon the proper blank 70 ~ 10 aVo'o unou' TAX
alton and trouble.
Z. Every statement must DC Yerinsu y osMo.
sNr.Ssion. Mnsn Iniss = uo"Is ~ "a
Assessor Is required 20 Hsnina'e !"
TO ADD . percent U0'' 'pe "a"
EVILS OF MAKING A FALsr STATEMENT.
O A., A.,is,an, A,sessor has porer 10 ~ine-edss
,hs amopn, in any statement, after giving due
information 10 the party interested. He Is re.
nmir'J - 90 IA Ia nsr cent 10 the tnx when
! fai.s statement has been rendered and the
,ar,v mailing m. false statement becomes liable,
20" mH sniS nr hi aSSi,ionsl tas' but likewise 20
80, 49, S,s;;rc, rro.a.utions before The limited States
conrts-on. for m skinv a false statement with in.
81, % dssra,d IN. G-oyernm,pt. and m, Other
70
't P'!~''
MANNER OF MAKING UP STATEMENT OF INCOME
Nv the lls,h section of the law, the Commits.
| .,onsr az In,-rnal Revenue Is empowered 10 pre-.
,crib. The form and manner IN which the s,ate.
m.nt Of Income must be made up. This he has
| don. in A printed blank used BY the Assistant As.
| .dssor. and In yanops circulars and rulings. The
| allowing ia a summary Of what has been pre-.
| ,er,hsd.
/ zach Of the great classes into which the pur.
| quits OF life and the investments Of capital have
| been divided must be returned sspdrdiely- losses
! in one not being allowed to offset gains in another.
| Thus 4 merchant, who engages in farming or in
speculstions not belonging TO bis legitimsto bust
ness eannoi OFFSET gains In the one oy LOSSES IN
Tue SrSer. ,,,.,, ,o...h hr.n...r
J,a,,h,s srom N. rsc.ints Of that business
= Snscuia,ions Lvftina,sy BELONGING TO any
- re ,lon. NAV ha caprisa In,o ia
oussness' = 49, Tsn -.
p,ou' ~. - ..-nsn, q s.,,nn ,
Sa.Sna,s nan 4, ron etc and sSek ,necuIstion
uau"St ~ - - 80 ~ - ssi,,ma,.
Sr:yns.s A msschant al.o NAV male or lose Sy
ossssn-. o. ,ns LI,d m monsv Maid Sor nj. mer.
esenSj,s Snd mi. rs,n or Io.s belons, 20 his msr.
$500 aeropo, Bnt n h. buy, roId. uncurrent
monsy' United States Treasury notes, or any
o,h.r thinr nor one Of THE articles Of trade belong.
inc 20 his regular busin.ss, FOR the purpose Of
snscpia,Ion. The nroa, or los, from such .peeula.
Nv viii NO, h. Allowed 70 as.ct N, probt or loss
from hIs regular business, A business firm
| nlacsd s4O 600 In The hands Of A New York bro.
pa in.trnc,Inp him 10 use II in The purchase and
ssls on gold, on their account; and having lost
Az so in this venture, thew claimed that Il
| shoult b, deducted from their profits in business.
| Commissioner Lewis disallowed the claim. and
said the Eaiform ruling had been tina. when .
| loss 4. made in any particular business, against
which there IRE no gains to Offset, IL II consid.
cred a dad loss Of capital fnrestsd In thar bEsi.
a.s," Again, ''loss Of capital cannot be de.
Quoted from income" Return Of income must
he made on the paint"
a How far different kinds Of bushes. must be
r.,rrnrd separately Is shown by the following