Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-03-20
.BsrRACT OF THE ANNUAL INCOME TAX
ANNUAL INCOMR TAX.

.srArEAEy sHoULp AK MADE-.wHERg, WHEN,
AND BY WHOM.
I'll. l.w r.,,;r.. ,.r.on of n ful age,
rn.iat.. ~ ~ ff.I,.S So % ,.r6er 10 IN.
NsTHs !" Nns " Na as 49, =, In ubicb he
-. -. ~~-NIaSn, on d.. la day of Nav. "A
W NE, -, n,..rrib.d
$50 S.Hn. ~ III or a., ,rcou. y.ins
form, OF the amount OF ms or r n.V "snm Isn'
Hna p,oa.s uSr.ns = Sis, no r. 5sy. inclusive
, Seno - ~. Co., COW h. oh.
a printed o'anA soh!Mulns ,uIs n",.or
SAnee from lIe SnnIJ naL. tate.
having no n1eu 'rAa.use,saS - =" ~. ard
nent Wnete'eF uvo' = !, n"pff ~, .soria ~.
IN case OF reinoVA 70 ano'ne. ~ ~ an.
ASeluIeu wy " SUI - a,hrwi.. m,cb,
o'net Assis.Ant Assess " u" ~
usAsa seeona ~.
: Inc sta,enaen' mus oo SIn,nr o.
tore tne ist asy OF ass,or 49,.
awrtten OF printed no'iee
IetI q. ,ne place oires'Isu
positySin q - r.r.or,I ,a1
annu" iueo cornnrs,,on
sanaaan y" r..,n.r.hin ~ surh Every Indl.
TIIP1.y,et - -. -. a .,at.msnt az hi, ar
vlausi member musl msAs . 'ne y,
ner snare OF or in'eres'lu 'ne sains Al p .ou's
suen company, "te'' "uctne' suen sanu' -"
pronts are divided OF notr anu mus ~ w
sspsss".S "s " "'
ryIrs or Srarycr To MIKE OUT OR VERIFY
srIrrNESrs
s II any person n.glect. or refuses to render q
written statement. the Assistant Assessor is re-
oussted 10 an 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 o5 per cent. 20 such tax az a penalty
for neglect or refusal.
6. An Assistant Assessor may be misled In
making this estimate. oy oeins misintormea ~ 70
ma"TIss hossTsr according 10 m,
Sat n.inns s,,htr bIs ,.acb Tb. onIy nsr.
nns -. ahsnr,,al, .orr.c, ,rforrra.
10, - ,rscrsn,iv The one who refuses or neclects
- n.ssnn lii no,
70 "sAe a 49, $3.50
axe Nv ssortS H. go.
'nere isao aI 70 s",.s
ment prove ineorreet, ana u naa.ies oeres,eu
man MouIu o1ne'"ne .u~s ~ -
Ai'er An ssess"eu'u
neSns. IL Is Always uouoieSou,, " .ue pay =
teres,ed 70 nave :, eoiree.eI. ~ 49,
fore, oot e'yeG'aHy ,usa D.S"..
shouId MOI taiI 70 renaer ,.quiyI n".nr
upon tue proper oianA'
alton and trouble
. livery s,aismens mus. . : oun ~ Y s..sO,
sSrndfon. Wnen thisis no' uons, a. Hs.stans
Assessor Is required 70 ssuha'o ii Income Ana
10 sdd . per eenI ;"
EVILS OF MAKING A FALSE STATEMENT.
Y An Assistant Assessor has power to ~iaeyeays
the amour, In any statement, after giving duo
information 10 the party interested. He Is re.
ouired. also, 10 add 100 per cent. TO the tax when
= false statement has been rendered and the
party making The false statement becomes liable,
No, onlv for ,hI. additional tar lint likewise TO
,va 6j.;,rrt pro.scntIons before IN. limited States
co,r,.-on. fnr making a faI.e statement with In.
,.nt 20 d.frand he Goyernment, and N. other
,o.n.rrr,
W. f'JN
MANNER OF MAKING UP STATEMENT OF INCOME
By the llsth section Of the law, the Commits
,loner Of Internal Revenue Is empowered 10 pre-
scribe the form and manner In which the state
ment of income must be made up. This he has
done in "A printed blank used by the Assistant As
sdssor, and in vanos, circulars and rulings, The
following il a summary Of what has been pre-
.cribed:
l. Each Of the great classes into which the prr
suits Of life and the investments Of capital have
been divided must be returned sepdrdfeiy- losses
In one not being allowed to offset gains In another,
Thus a merchant who engages in farming or In
speculaiions not belonging to bis legitimate busi'
ness Offset gains in the one by losses In
the other.
. The expenses incident to each business re
drductible from the receipts Of that business
3. Speeulations issistndisly belonging TO any
business, and these alone. may be carried Into Its
prott and loss account. Thus broker may spec
ulste in stocks. a dry goods merchant In cotton, a
hardw are man In IRON ete;' and sleA speculation
may AFFECT the gem ana 1oss OF sHeA iegitima'e
business. A merchant 1lso may make or lose by
exchange or the kind OF money paid for his mer
chandise, and this gain or loss belongs to his mer,
chsndise account. But u be buys gold, uncurrent
money; United states Treasury notes. or any
other tnins not one OF inc aructrso OF traoe oelons.
ing TO his regular business, for the purpose OF
speculation, the pront or loss nom snen speeula'
ton will not be allowed to anect the pront or ioss
from MS regular ousinesa A ousinest nrm
placed stV.Vvo N inc nAnosS New iolk ORC,
ker, instrue,fnr MIN 70 use ~ IN me Ppr s .na
.Sls Q so'u, = men ~ .hs. =.
s-''CVV n 'nNs SsSuio 10y eu tLat -
snouIu pc aeuuSseu om ISeu Pt0n,s ou."es,
commissioner LEWIS uisaioWeo 'ne claim, anu
said the Enyorra ruhng mad been tnat ~hen a
loss Is mane III An! particular ousnesS, aHains'
which there are no gains 20 onset, u Is eonsid'
erred a dedd 1858 q edpitd4 inressta IN taat oHsi-
asss Again, loss OF capital cannot Dc de-
Quoted from income Return OF income must
be made on the SdiHs
4. How Tar dluerent KINDS OF business must De
returned separately is shown by the following
rulings OF Commissions Rollins:
Loss ineurreun Tue prosecutor OF one
sIhs Oh ousns.If -. W.. o. -
.alarv rent, dividend. etc"
WN"To ..ss Incurred in tbs prosseutlon Of ons
S of h,.i,..s canrot he deducted from vain
IN .no,S.r sinss an shsoint. los, inenrrrd In m.
n.os..n,Jon 81 a .insIs brsin..s 4. indi.nsn,.hIv
~ Aaa-E IN WNARnhanhnaA Nnn hA AAnaNA
Snr,-on r.,,, IN m.,ebsnSIss hn, In mi. cas.
% ~ al 80 ~. \,
paIse.iI ~ .n..nIa,ian ~. - " 1T. a
$780, I"s.D = 80 n.n..
rom 80 my 70 0"s '"P '1u'o
'peyu.a u,s, u. r ,h.,r
60 na.shonSi,. -;,hor, rans,I % hi.
Plon's y '1o $50 az ~
aa,...r
denus' rents VI VI osue' eou'eo
Cd Losses 10 sPeeuiaton eanno. oe aeaus.eu
rom salAI'es, not .vw sans ~ AuNs,
When losses are sustained In one speculation and
gains made In another specuiation. such losses
may be deducted from such gains Losses In one
branch OF meIehandise may De aedueted rom
gains In any otner orAnen OF me,cnanaiso.
o." Where STOCKS, eic., are oougnt per
manen' ,nves,henI, anu sou mann
ehange the inTes'tnen'. q Io.s I1sheu IN =
aae may oe aeuuJ'ee - "a - g.
sAcA s'oek' nS' ny ane nsSe.s.Ian -.
tue pulpos% hr ~. a. ssnnop he d.Jnc,.S
oss ssue ~ $1,000 80 ..,n.
s moI s."r, ,be nvrrS,,, .nS al. ~ ,,oct etc
sus and sollsc;aSI. on The 3is, day Of December
Ia, Ths amonn, paId or due, by the owner, for
repairs made within the year, not exceeding the
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