Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-12
ABSTRACT OF THE ANNUAL INCOME TAX
NUA INOoMR TAX.

-
A-GA EtV Vsa ~
Having been requested TO prepare m abstract
OF what Is required by law In reference to the In.
come Tax, and of the deciAons by the Depart.
mcnt a. ashington upon VARIOUS questions that
have arisen, W. present the whole subject. under
It's several distinct beads
ABATEMENT SHOULD sg d WHERE, WHEN.
AND nv WHOM
,i'S - ~ frn,,sS S,s,ss ~
Iee.us i" - "t,hs ~. A., :, n. III. Nv
'Sh" mar Ss ,as,d,ne an tha I.t a.. ~ N n
VI ih@y aaN W ."'o,s
written statemenl' aeeoIuins ~ . PIes'I.yea
form, OF the amount OF MS OF ner income, gnlhs
anu pronts curing VIC previous year, irom ~
uary ISL 10 Decemoer 3lst, oo'n Gays hciuf'Ve'
A printed blank containing TINS form can De 700.
tanned from the Assistant Assessor. A person
having no fixed residence, should make astste-
ment wherever he or she may happen to Dc; and
In case OF 10 another district, should tiks
o certified copy Of such statement. to show any
other Assistant Assessor, who otherwise might
make u second assessment.
9, The statement must be- rendered on or be.
fore the LIST day Of May, or within ten days after
a written or printed notice requiring II, has been
left at the place ofresidence or of business. or de.
posted In the rearest Post Office.
J. The annual income tax IL R'personal TAX,
and Il cannotb be assessed against any corporation,
company or partnership M such Every indt.
vidual member must mako n statement Of his or
her share 81 or iuierestin the gsins and profits OF
srch company. etc, whether such gains and
profits are divided or not. and must also state
separately his or her income from all o'ner
sources ,ux
Evils W 1870 80 -
IN r.ndsr n
= p..s su ~ xssnt 4 ,ssssor /. "a.
written stA.e,Ien'' 'hc ns,is'o s...,
quested 10 MI OUT u olank WIN suen Prtson :
name, and taxable income estns'ea aeeoruins ~
inc oest orma' NAT can pe o.Mno =
upon TINS estimated income 70 assessI .a., H.u
men 20 aaas 20 per ssh'' 70 sueh YAK ps""'
~ A. assi,,.nt I.ss,.or NAV h. mI,l.d in
| making this estimate, BY being mislnforlaed ~ TO
money received. or not Informed A. to money
paid. He must ASSESS, however. according TO the
b-sttnformation within his reach. The only per
son capable Of giving absolutely correct informa'
ton Is frequently the one who refuses or neglects
to make q statement. II Kuch person will not
take thetrouble to inform the Assistant Assessor,
there IL n bar TO all complaint. should the assess
mrpt prove Incorrect. and q heavier tax believed
than would otherwise be charged. Moreover
ater an assessment has once been made. II GRO
neJus, II Is always troublesome TO the party In
terested 10 have Il corrected. AL persons, there
fore, but especially such a. hare no td1dble Income
should not fall to render the required statement,
| upon the proper blank, 30 as TO avoid undue tax
alton and trouble
7. Every statement must be verified by oath or
Affirmation. When this IL not done, the Assistant
Assessor Is required TO estimate the income and
TO add 25 per cent. to to the tax.
VII. oy N.xrso rAIsr STATEMENT.
y. An Assistant Assessor mas power 20 tHe'ease
the amount IN any statement, aitcl giving que
to the party interested: no ~ re-
quired' also, to add loo per cent 20 the tax wnsn
q false statement mas oesn rendered, ana the
pHi'! inakins = nHs""s, .sn ~. ins-Tso, u
NOT ONLY tOr tQln bQultlOQhl TAX. Dut lktWlFC "
we eis'ncI Ptosesui,ons Selotc, ne onaea ~. tS ia
Courts-one toi mskins alaIse sla'eMen. "'nin.
tent 10 detraud 'ne government ana tue o'he'
TOT PERJURY .aH
MANNER OF MAKING MP STATEMENT OF INcoME.
Nv the lls,h section Of the law, the Commits.
,son,r OF Internal Revenue IA empowered 10 pre-.
scrib. The for- and manney in which the state.
man, AZ income must he mad. nm. This h, ha,
dor. 4, , p,;p,sd Miami used NV ,be Assistant n.
sdssor. and In yarors c~lrculars and rulings TIL.
following ia A summary of what has been pre-.
.crihsd. - O
= Each Of the great class.s into which the pur
mil, Of life and Tho inysstments Of capital have
| hsen divided must he returned ,epayat,lv- losses
| In one NOT beine all ov ed to offss gains In another.
! Thn,s m.rchant who engages in farming or In
sn.cuIatjons moi belonging 10 his legitimate bust.
| nes,cannot oasst ralns In the one by losses In
| the o,h,r- WI. D.
| % Ths sxn.nsss ineIdsnt Ia each busine,s ere
d,ductIble from the receipts Of that business.
| % Snsania,tors I.o;,sa.,,Jy haior,jrc 20 .ny
Ia S... 80 ~ ha oasr;aS ,n,o ~,
Droa, "a Ios. sccopnt Thu:a hroasr NAV snee.
ppis,. IN soy, = Sry Goods merchant In cation. a
ssrdrarn man IN iron, etc. and ,reA speculatIor
NAV AFFECT the Sain and ioss Of ,ueI Legitimate
bu:in.ss. A merchant also may make or lose by
srcbanp. or tbe Kind Of money paid for his mer
ohenJi.s .rd ,his coin az loss 6sIoncs "a his mar.
| .hsnSis. account I'm. n he INV, roId. uncurrent
mnnsx iTrItsd stntss Treasury notes or any
a,b.r,h ,ns moi ons ofths ~artici,s Of trads belong.
Inc 70 his regular business. for the purpose Of
.nscrIai;on are proat or los, from inch specuia.
prSHinn ~, ~ aIio-.Sto 80, ,hs nroa, or Ios,
aon nnsia.s. ..s 80
from ns res1iA SusnnsssS n "M Wa. pI
Piaeso $1,000 h,rn - : !, - ~ and
NeI'r - ..ss,, - hs.,nn -,
sale OF gold, on tneir ACCOUNT ana nsVine 10Y.
S2I.SV0 10 tns venture, ny o1i|su .ns. II
shouId De aeousteo noIn .SeI pIon y Hs en
Commisslonet LemIv ai'SSS~eu '.s Mni ~.
said me kny01n Iunns nau oeSn .nA' men .
loss Is Maue IN any pahsaNn w, a. s a.Is'
wnien ,ho,, Us ~ ssns a., Az;
ered a aeaa soss eapHHa. 20 s."t =.
ness' AgNn, Iosn ~ eaPn"' oo uS.
dactedrom meome. hsturho 'ne'm' mus
DC maze on tne 4a'n. .s... ,u.t,...u,,,,
!. HOY Jar a,ae Isn !, .ho.u hy .hs -soIiow,De