Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-02-27
ABSTRACT OF THE ANNUAL INCOME TAX
ANNUAL INCOME TAX.

~" q us -.
y. Pteseu, "a !" N
ueauS'
STATEMENT SHOULD Bf AADE--wHEkE, wHEN,
q nj BY WHOM
l, Tbs law REQUIRES every person Of a full agv,
r, aiding in m. limited States. 10 render 10 the
Assistant Assessor of IN. sub.distr Ct in which he
or an, NAV he r..idins ON the LIST dsy Of Nav, u \
written abatement. according TO a prescribed
So,m az ,hs ,uornt ~ nj. or her income. gains
"a la ,nrn. H. nrav,on, war from Ian. |
uary l., - Dsc.mh.r si.t ho, n day, inclusIyr.
A nrintad Mani Containing thi, form can De OBJ
tanned rom the Assistant Assessor. A person
having no axrd r~.iLencv, should make u state
ment wherever he or she may happen TO be; and.
In case OF rrmoya al 10 another district, should take
a certified COPY Of such statement TO show any
other Assistant Assessor, who otherwise might
mai. A second ns.essmrnt 10.
Q The Abatement must be rendered on or be.
Sors m, LAT day on NAV. or within ten days after
,wri,,sn or ny;ntsd MOTTO, recurring II, has been
- =, ~. ,ra.JS.D.. az Of hpsjn.s. or de.
- ~ pS.sarsS, D., oese.
~ IN .an,si Ineo,na "a, IA . nsrsonal ,ax.
aa.assssS .saJrs, anv cornors,lop.
aoMnann a. rar,nsrshin ID, such Every iudi.
o1mPany,o, PeIsu., s,a,.m.n, ~ Nj. az
sluuai memoeI MS MS, ~ ,ha Ssir. and nros,s NJ
5 sHse ., -. rhs,S.s .ncS rajns and
Ia, .aI SIyyta.S ~ MOI, ana mu,,' al.o ,ta,r
s.nsrn,sly hi. or her income from all other
scarves.
EVILS OF NEGLECT TO MAKE OUT OR VERiff
II any person nrsiee~ or reiusssVo renoer"
written statement, the Assistant Assessor u
quested to NIL out u oiahk WIN suen Psrsons
name, and taxable income estinis'ea sseoru,ns y
the best Information that can De ootaiheu' ans
upon this estimated Income TO assess the TAX. anu
then to add2o per cent 10 suen TAX l" penalty
tor nssteet OF teiusa. - nLI.1 In.
M lnins hi. ss,imn,e by being misinformrd A. 10
money received, or not informed AZ to mopry
paid, He must assess, however, according to the
best information within his reach. The only per.
son capable Of giving absolutely correct informa-
ton IL frequently the one who refuses or negects
10 make a statement. II such person will not
take the trouble to inform the Assistant Assessor,
thsr, /, a bar 10 ali complaint, should the ASSESS
49,. nrovs incorrect and n heavier tax be levied
than would Otherwise be charged. Moreover,
go nm r.ssssmsnt ha, once been made. II erro
ns,ns, i. ia always troublesome to the party In.
tsr,.ted 10 have Il corrected. All persons, there.
fore, but especially sueA a. Aare no TAXABLE iaoons,
should not fall to render the required statement,
upon the proper blank, so a. to avoid undue tax.
ation audtrouble.t
7. Every statement must be verified by odth or
okrsaion. { When this is not done. the Assistant
Assessor Is REQUIRED 10 estimate the income and
10 add o5 per cent 10 TO the tax
v,,,.or x,x,xa r.,sv srIrr,ryr
-, L. a., .,a,.nsn, af,.r giving dpe
information to the party interested: he Is re-
quired, also, to add 100 per cent TO the tax wnen
q false statement mas oeen rendered ana INC
90! - 80 ~ .55I,IonaI "a, hr, ikaxi.s "a
mot 1nty ts uis va. I.,as e.",ss
two distinct prosecutions before the United States
Courts-one for making false statement With In
tent 10 ueuauo NV ~Au
Tor perjury.
MANNER OF MAKING UP STATEMENT OF INCOME.
Nv tho llsth section Of the law, the Commits
.Ioner OF Internal Revenue IL empowered to pre-
scribe the form and MANNER In which the state.
| mani Of income mus At be made up. This he has
doo, IN A printed blank used BY tha Asailtant A.
sd.,organdi IN ynr,ov. circulars and rulines The
ollouinc h. . summary Of what has been pre-.
,rrihed.
1 Each Of III. sr.a, classes into which the pur.
quits Of life and The nvustn n ents of capital have
been divided must be returned sspa5utsly- losses
in one not being allowed to offset gains In another.
| Thus q merchant who engages in farming or ID
speculatlous not belonging to his legitimate bust.
| ness cannot Offset gains in the one by losses In
the other. .
Inc expenses ineiuent 70 saen business Wv
aeaosnole nom = Ie.slp's suas oGsn
speeula,Tns ssnIa.e.y oeionslhs 70 my
business, ana 'nese aions. nay DC ssiliea .nsou'
p,on' ana soss sSUus 10, ~,
uLass : , ~ ~. anS 49, .nsc,,i.,ion
AS.Sso, ~. 80. M Ia. ~ - issi,Irnsts
nynass r,s,eha,t also NAV male or Io.s by
ou.nana r. S,nd % morsv rsiJ Tor htr maj.
ss.s1.S ~ ,S,s sa,n or los bslnno. n h,s mar.
eha.Sise .o.o,n, Rnt N he INV, sois nncnrrrnt
nIHn fs.;.sS s,s,ss Trsssrrv no,,s ~ NV
aI.SSa.eeys ~ ons nStha ar,icIs: ~ ,ysds bslonS.
~. 60 hJs ,s~nl,r hu,tness for m. nuynose Of
inS !, rs nrost or lo.s from .ueS spscnla.
ION viii NO, be allowed 20 affect the profit or ioss
from hIs regular business. A business firm
placed $4,000 In the handle Of a New York bro.