The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-18
l1H1R NEW TAx LAWN
How Internal Revenue Il 10 be
Collected this Year.
Official Iast,aoiioss from 6oain;aiis s ID
RoLIins

AOutNS.
The amended Internal Revenue Law Il
now in operation, and the following in
-stypctions TO the assessors. issued by. Com
missioner Rollins, will serve as useful guides
to tax payers;
TREASURY DEPARTMENT,
0FFICE OF INTERNAL REVENUE,
fsA Washington, 'March9, 1867. J
It Is provided by the act Of March =, 1867,
"that all acts In relation to the assessment,
return, collection and payment Of tho income
tax, special tax, and other annual taxes
IL ths month q Nay, shall shall hereafter Be per-
formed on the corresponding days In the
month Of March In each year all acts re-
-quired to be performed In the month of June
in relation 70 the collection, return and pay
ment Of said taxes. shall hereafter be per-
formed on the corresponding days of the
month of April of each. year"
All special taxes are to be reckoned, as
heretofore, from the first day of May, or from
the time Of commencing the business sub
cject to tax, to, the first day of May following
GalthoughN the time of assessments changed
as above stated.
1t is also provided that the taxes on the
income for the year 1866 shall be levied on
the day this act takes effect"
The following instructions should be OBJ
served in the assessment of the annual taxes
of 1867. They have been prepared and
printed to answer the questions which have
been most frequently presented by revenue
officers in their letters to the commissioner.
Particular attention is directed to the
modification of the rules observed in the
last annual assessment.
Assessors should instruct their assistants
to call personally upon those who have not
returned their income as required by law
If any person is not at home, the notice on
Il.a ~ cffn fxvo txy-fn oh In Had
out, and the blank Left This being DONE it
becomes the duty Of the tax payer to seek
the assistant assessor and deliver his return
E. A. ROLLINS, Commissioner.
INCOME. 4
1. The fsrmer's profits from sales of live |
stock are to be found by deducting from the |
gross receipts for animals sold, the purchase
money paid for the samea ii n
9 No deduction can be made by the far |
mer for the value of services rendered by his |
minor children, whether he actually pays
for such services OHnpt. If his adult children
work for him and receive compensation for
their labor they are to be regarded as other
hired laborers in determining his income.
e 3. Money paid for labor, except such as
is used or employed in domestic service, or
in the production of articles consumed in
the family of the producer, may be deduct
ed.
4. Deduction can be allowed in any case
for the cost of unproductiye labor. II house
serva ats are employed q portion of their
time in productive labor, such as the max
ing of butter and cheese for sale, proper
tionate amount of the wages paid them may
be deducted.
new land are plainly expenses for permanent
improvements, and not deductable.
g. The whole amount, expended for fer
tilizers, applied during the year to the
farmers land may be deducted. but no de-
duction is allowed for fertilizers produced
on the farm. The cost of seed purchased for 1
sowing or planting may be deducted. {
z. Farmers will not be required to make !
return of produce consumed in their own ,
immediate families.
8. If person sells timber standing the (
profits are to be ascertained by estimating {
the value of the land after the removal of 8
the timber, and adding thereto the amount s
received for the timber, and from the sum
thus obtained deducting the estimated value
of the land on the first day of January, 1869, q
on the day ofpurchase, if purchased since Q
that date. II iisigs II 4 S4n ..t5st.,q aa. 9
g.. "A farmer should make return Of all his o
produce sold within the year but mere q
executory contract for a sale is not sale; Il
delivery, either actual or constructive, is n
essential. The criterion by which to judge p
whether sale is complete or not is to deter
mine whether the vendor still retains in 81
that character right over the property-if Q
the property were lost or destroyed, upon d
which of the, parties, in the absence of any
other relation between them than that of O
vendor and vendee, would the loss fall h
10. Taxpayers frequently claim deduc-
tions for losses from depreciation in the b
value of stock or other property OF a like II
nature No deduction can in any case be T.
allowed for depreciation of value of such x
property until it is actually disposed of and
loss realised Soats af ,ut, and other LEGAL proceed
ings, arising from ordinary business are to IA
be treated as other expenses of such bust 4
ness and may be deducted from the gross Sc
profits thereof. dur .gsl5t fr lbs. n Ia
PHYSICIANS. on
l2 Where physicians are obliged to keep 10
a horse for the transaction of business, they hs
may deduct SO much of tho expense SO da
incurred as is fairly referable to the business co
done. ca
10. Expenses for medicals attendance, ~
store bills, &c, are not proper subjects for m,
deduction. Expenses for repairs of nipple ~
nents, tools, &C., used in business may be ~
deducted. 3g E'rfrgT M
IA. If the members of family have ne ne
separate incomes, the returns may be made sol
separately by the proper parties, and rata or,
he income of each. The parent as the ms
natural guardian of the minor child is res
euuired to make return for him. But iec
where any other guardian or trustee has An
,een appointed, the return should be made he
" the latter If the minor has no guardian or fol
rustee, he should make return himself If sio
10 refuse or neglect, an independent assess he
1ent must be MADE as an other cases. omit LA
ing penalty. li0
Is. For the purposes Of the exemption of hrat
ne thousand dollars, husband and wife are rar
0 be regarded as members of the same fami- cul
=, though living separate, unless separated of
v divorce OF other operation of law, so as to d
reak up the family relation Minor chi. bnI
rem and their parents should be counted Al
lembers of the same family, whether living sne
Ogether or not r vi
16. If taxpayer has a minor child in tai
he service of the government receiving a It'll
llary, such parent should include in his in fo
ONE return so much of the salary of his nv
hid as is not subject to salary tax. dea
IL. Rent of o homestead actually paid /
lay be deducted, but the rental value of Lin,
roperty owned by taxpayer is not a tail
inject of deduction; but where the tax cha
aver rents furnished house, that portion ON
the rent paid in consideration of the use flo,
the furniture should not 20 anoWeu as clu
eduction dea
Any persons claiming deduction on &C i
punt of expense for room rent must satisfy eye
le assessor that the room or rooms occupi- VIII,
! by him constitute his home, and that he sho
as no residence elsewhere, ana tnis Deing pai
lown, he may be allowed to deduct what he l.
'tually pays for rent OF snch rooms put the
Dthing can be allowed for rent of furniture staI
care ofrooms. When rent is included and /.
sducted as an expense Of business, it must 900
lt be again deducted as rent, nor should a mer
srson hiring house and sub-letting he.
1rtion of it be allowed to deduct more than II
lie excess of his payments over his receipts. ara
1s. Marriage fees, gifts from members Of dnc
to their pastorl&., are taxa ale
70 as income when the gifts or donations cnr
e in the nature of compensation for seryi- m
: renuersu, wn s IN accoruance Win an piec
luerstAnpins y shas enect Az tne Ilhe Oh tiOn
ttlement, OF Win an anhuai custom sold
70 nature of payment for services rendered. S,o,r
other valuable consideration, are not liza n
e to taxation as income Amounts re- linn