The Daily clarion. [volume] (Jackson, Miss.) 1866-1888, 1867-05-17
q lW1HmllMEw TAX LAWia
How Internal Revenue L. to be
Collected this Year.

'slWMMuMEW TAN AAWAe ?
How Internal ReYenue II 10 b.
Collected this Year.
d6SN B.I.yset&sJstm 6ssgA6ESSs'
Rollins.
Tn. amended Intcfhdl Revenue Law Il
now in operation, and the following in
structions 70 the aHsessors, issned BY CPw
missioner Rollins, willservSas useful guide
to tax payers;
TREASURY DEPARTMENT,
OFFICE or INTERNAL REVENUE,
Q.WashingtoI, MapOh 0. 1867. y
IL isproyidod, h, the act 81 March2 2, 1867
"that all acts III relatien to the ASSESSMENT
return, collection and paymentef the income
tax, special tax, and other annual taxet
heretofore by law required to be- performed
ia the month of May shall hereafter be per
formed on the S3rfeapcnding days an ths
mouth Or March ip each year, ~! Gets ne
ouifed to be performed ID she month ofJuus
in relation "a the eplleeti0n, return and pay
ment of said taxes, stball hereafter Be per
formed on the corresponding days Of the
month of April of each year"
All special taxes are to be reckoned, a
heretofore, from the first day of May, or from
the time Of commencing the business sub
iectto tax. to the first day Of May following
although theI time q assessPpeNnt y changed
as above stated. -
It is also 'provided that the taxes on the
income for the year 1866 shall DO levied on
the day this act takes effect"
The following instructions should DO 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.
II any person is not at home, the notice on
the back of form twenty-four should be filed
out, and the blank left. TMs being done, it
becomes the duty Of the tax payer to seek
the assistant assessor and deliver his return
L. A. ROLLINS, Commissioner.
INCOME.
!. 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 fer the same. aaS
O. 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 ornotg II his adult children
work for him and fecsive compensation for
their labor, they are to be regarded as other
hired laborers in determining his income.
"a Money paid for lallDrg 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.
a. Deduction can be allowed in any case
Cor the cost ofunprodnctive labor. Ifhouse
serva ats are employed a portion Of their
time in productive labor, such as the MAX
ng of butter and cheese for sale, proper
y 9p dssuefsS = ~ paiu a 'e : ~
S. Expenses for ditching and clearing
lew land are plainly expenses for permanent
and not deductable.
6. The whole amount expended for fer
ilizers applied during the year to the
armer's land may be deducted. but no de-
uction is allowed for fertilizers produced
n the farm. The cost of seed purchased for
owing or planting may be deducted.
z. Farmers will not be required to make
eturn of produce! consumed in their own
families.
8. If a person sells timber standing the
he value of the land after the removal of
le timber, and adding thereto the amount
,ceived for the tinbery and from the sum
lus obtained deducting the estimated value
the land on the first day of January, 1862,
on the day of purchase, if purchased since
8 A farmer should make return fall his {
.oduce sold within the year but % mere
,ecutory contract for sale is not a salei
,livery, either actual or constructive, Is
sential. The criterion by which to judge y
neither q sale is complete or not IS to deter
inc whether the vendor still retains in
at character right over the property-if
@ property were lost or destroyed, upon Z
hich of the parties, in the absence of any
her relation between them than that OF .
ndor and Vendee, would the loss fall. y =
10. Taxpayers frequently claim deduc-
,ns for losses from depreciation in the
Ilue of stock or other property OF a like a
ture. No deduction can in any case be !
lowed for depreciation of value of such
operty until it is actually disposed OF and
Oss realized, s,fsfgst sfasxr,, ..,,,.,f,s14s-,1
ii. Costs Of suits and other legal proceed Q
20, arising from ordinary business are TO L
treated as other expenses of such busi-
IS and may be deducted from the gross 9
pitts thereof ,rs,. ,4,r
PHYSICIANS.
2. Where physicians are obliged to keep Il
lorse for the transaction of business, they b
" deduct SO much of tho expense so n
urred as is fairly referable tothe business c,
ne. CT
8. Expenses for medicals attendance, :
re bills, &c, are not proper subjects for m
luction. Expenses for repairs of imple- n;
nts, tools, &c, used in business may be sr
lucted. Ty7rr pe
4. If the members of family have n,
arate incomes, the returns may be made "a
arately by the proper parties, and rata OF
proportion of the $1,000 exempted from Al
income of each The parent as the m
ural guardian Of the minor child, is re
uired to make return for him. But ie
ere any other guardian or trustee has al
n appointed, the return should be made be
the latter. If the minor has no guardian or TO
stee, he should make return himself If sit
refuse OF neglect, an Independent assess he
nt must be made as ia other cases, omit liz
!. For the purposes of the exemption of br
Thousand dollars, husband and wife are "a
,e regarded as members of the same fami- etI
though living separate, unless separated of
livorce or other operation of law, SO as to
Ak mn the family relation. Minor chill bu
A and their parents should be counted at
nbers of the same family, whether living SD
ether or not. . 4 4
5. If a taxpayer has minor child in la
service of the government receiving Q til
Try, such parent should include in his in to
10 return so much Of the salary OF his by
d as is not subject to salary tax. de
I. Rent of homestead actually paid
, be deducted, but the rental value of lie
perty owned by taxpayer is not tai
iect of deductions; but where the tax ch
er rents a furnished house, that portion on
he rent paid in consideration of the use tic
be furniture should not be allowed as o eli
uction. ia aiiR b9isiHsij1 s1EAa - de
ny persons claiming deduction on ac-
Mt Of expense for room rent must satisfy OK
assessor that the room or rooms occupi- wi
" him constitute his home, and that he sh
no residence elsewhere, and this being pa
wn, he may be allowed to deduct what he =
Tally pays for rent of such rooms, but thl
hing can be allowed for rent Of furniture sta
are ofrooms. When rent is included and
aetedras an expense Of bneinessait ppat OOl
be again deducted as rent, nor should o me
ION hiring o house and spb7letting be-
ton Of Il be allowed TO deduct more than
excess of his payments over his receipts; ag
;. Marriage feee, gifts from members OF dn
aggregation tn their pastor.I& are taxa die
as income when the gifts or donations cui
In the nafure Of c0mnanaatiOn for servi-