Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1867-04-18

where the taxpayer rents furnished house, that
portion of the rent paid in consideration Of the use
furniture should not be allowed as deduction.
Any person claiming deduction on account of
expense for room rent must satisfy the assessor that
the room or rooms occupied by him constitute his
home, and that he has no residence elsewhere, and
this being shown, he may be allowed to deduct
what he actually pays for rent of such rooms, but
nothing can be allowed for rent of furniture or
ofrooms. When rent is included and deducted as
an expense of business, it must not be again de-
Quoted as rent, nor should person hiring house
and sublettng portion oft be allowed to deduct
more than the excess of his payments over his re-
|ceipts.
lS. Marriage fees, gifts from members of con-
gregatien to their pastor, &C., are taxable as in
come when the gifts or donations are in the nature
of compensation for services rendered. whether in
accordance with an understanding to that effect at
the time Of settlement or with an annual custom.
10. Gifts of money, when clearly not in the ma
ture Of payment for services rendered, or other
valuable consideration not liable to taxation
income. Amounts received on life insurance poll
cies and damages recovered in actions of tort are
exempt from the income tax.
90 Lawyers and physicians may return either
the actual fees received during the year, without
regard to the time when they accrued, or the a.
mounts due to the business of the year. But when
the taxpayer has heretofore adopted one method,
he cannot now be allowed to make use of the other
81. IF the manufacturer or dealer has been in the
pactice Of estimating his annual profits by taking
inventories of stock he should take the cost value
of such stock, unless he has taken the market val
ue in making previous returns Whichever meth
cd has been adopted by the taxpayer should be
adhered to uniformly.
o. IF interest accrued during the year on notes,
bop Ro &c nd o& a
the year, it should be returned as income whether
actually collected Or not.
g. The fact that income is devoted to the pay
nlent of debts does not release the same from LA
bility to income tax.
a. If an inventor sell his invention at once for
la gross sum, he should return as income the whole
amount, Tess the expenses actually incurred in
pefecting the invention, or in procuring patent
right But no allowance can be made for the Ia
Dor o. personal expenses of the inventor. IF he
sells only portion Of his rght during the year, LIE
may deduct proportionate amount Of such ex-
pense.
25. Wherever the salary or pay received by any
person in government employ does not exceed the
rate Of $1,000 per annum or is made up Of fees, or
is uncertain or irregular in the amount or time,
and has therefore been subjected to salary tax, it
should be included with other taxable income
Where such salary exceeds the rate of $1,000 per
annum, the amount of salary from which the tax
has been deducted may be deducted from the gross
income.
26. Incomes of persons who died after Decem-
ber 81, are taxable and should be returned by ex-
ecutors or administrators, and also all income
in that year. Income which accrued from the es-
tates of such persons in 1866 after the date of de-
cease, should be returned by the heirs or other
persons who received the benefit Of the same.
81. Residents should make return in the district
where they reside at the time of making return
The residence required under section ll6 for the
purpose of taxing income is held to be residence
during the year for which income is derived. -
IF any person subject to income tax resides abroad,
his return should be made in the district where he
last resided IS
%. Citizens of the United States residing abroad
are subject to tax upon their entire incomes from
all sources whatever and the same is true of for
eigners residing in this country.
80, The law provides that like tax shall be
levied, collected and paid upon the gains, profits
and income of every business, trade or profession
carried on in the United States by persons residing
without the United States and not citizens thereof
80. A lease for years or for life is personal es-
tate and any profits on the sale of such lease are
taxable as income for the year Of sale.
81. Where any portion Of legacy has been
transferred by the executor to the egatee, so that
the executor in his capacity Of guardian trustee
has no longer any control Of the profits arising
from such legacy, the return of such profits as in
come must be required Of the legatee.
32 The payment of legacy or succession tax on
nuitant from liability to income tax on his annuity
deduction of amounts claimed to have been lost
in business, when in reality they should be regard
ed as investments or expenditures, as when merch-
ants expend money in farming or gardening for
recreation or adornment, rather than pecuniary
profit.
"a. Whenever scrip dividends are returnable a.
income they should be returned at their market
value.
35. 1t is believed that in many instances, in the
assessment of income for former years, persons
holding United States securities have not included
the accrling interest in their return of income.
Assessors should inquire especially into this subject,
and il the omission has been made, the deficiency
should he assessed, but without penalty when it
appears to have been due to misapprehension o1
the law.
SO. The attention of the assessors is particularly
called to the terms of the act in force which re-
quire to be included in returns of income the
share of any person of the gains and profits of all
companies, whether incorporated or partnership,
whether divided or otherwise
SPECIAL TAX.
l. Section seventy-four requires all such special
receipts Except in. case of auctioneers, produce
brokers, commercial brokers' patent-rght dealers,
photographers, builders, insurance agents, and
pedders to specify the place at which they do bust
ness, whether the place be single room, in q
building containing many rooms, or whether it be
several buildings standing upon the same premises
and used for common purpose But there are
certain branches of business which are not restrict
ed to such premises, as it is provided in the act
that lawyers, physicians, surgeons, dentists cattle
brokers and horse-dealers may do business at any
place whatever without being subject to additional
special tax. Proprictors of circuses juggers, &c,
must pay special tax for each State in which
they exhibit
3. The special tax of dealers must be assessed
upon the bases of all sales made either by them
selves or through others, except those through
other wholesale dealers oncommisslons: -,
8. Manufacturers may, without additional LA
bty sell their wares at the place OF manufacture,
or at their principal Office, provided no wares are
kept, except as samples, at such Office. But II
manufacturer sell goods not of his own production,
he must pay a tax as dealer if such sales exceed