Gold Hill daily news. [volume] (Gold Hill, N.T. [Nev.]) 1863-1882, 1867-04-15
OF THE ANNUAL INCOME TAX
ANNUAL INCOmR TAX.

come Tax, and Of the, decisions oy INC Depsl',
ment ~ warrington upon various quesuons 'nAt
It's several distinct heads: 2
sr.rrsrsr suouID RE ~MLDE-vHERH. WHEN,
TT M AND BY wHoN. GrtNnW
, p.rson oflaxfu aoe.
,-iai.S g., ,hs TTnItsd States ~ Yender 20 the
Ss.t.,sn Asssssor al fine sub.dI.tr e. IN which hs
~ No NAV ha re.idinp on the lst day Of May, q
wr,,,sn .,atsment. According 70 n prescribed
CIV ~ tha auo,nt On hIs or her income. gains
torm, OF .he nniouh.oi w. 49,, lar.
Ana p,on maans,hse H., So,hSs ns IncinsIys.
Wy . 49, ..r,tn nj. 80 .an ho oh.
AptHS 80 az S..,s,ant ssnr MARIAN
,ainea HoI ~ snan knnSs .,s,a.
navlns no uae naS.hN msx h.nn.n ~ he. and.
ment Wherever ne orsne We mapPea 49,
In case oitemoVM 70 "haI ~
copy ., SUE ,,trh,
otner Assis'an' Assessof, t
make . second assessment"
2. Tn statement must DC .suueIoo =
fore the Lat day OF May, rmlInI = ~ hasn
n written or printed notice. requiring ~, mas oeen
left Of the place ofrssidenee OF Of ousihesS'oF
posted IN tho . earest Post once.
3. The annual income tax rs P erson
and II cannot be assessed agansInh SyS,rpa., ,ndi''
company, or partnersniP, 90 ~ Ri =,
vidual member must make Q statement OF asot
her share of or iuterestin the gains anu PIon'soi
such company, ETC., whether sucn gains a.
profits are DIVIDED OF no', u nus III a,h.r
separately his or ner 'hcoAe ""D ~" ~
49, ~ xxo,ver To MAXI our OR VERIFY
,TIrrMySrs 81
10 ANU nsrson nerlncts or refuses to render q
xs,,,.n s;.tamapt the AssiStant Assessor Is re-.
crs.tsd 10 an ont a blank with such persons
Ssma s,d ,ayah,s Income Estimated according TO
,na ~ re-, trsorn.t,on that can he obtained, and
my =. M. as,In,s,aS I,con. to Assess the tax, and
upou "a Sx nar c.ntS % ,neb tar "A n penalty
snen W 800 TN-0
TOT nesie1, 1917. sor NAV h. mI,l.d in
=; Hn ~ .s,Sr.,n Nv hahn mi,Iuformed AZ 10
raonar rscsived or moi Informed as TO money
nSJa VI. must nsse.s. however, according to the
-, ,rsormatIon within his roach, The only per.
son ssnshI. 81 Giving absolutely correct informa.
,Ion i, frsonsntiy The one who refuses or negleets
% msts a Itatemrnt. n such person will not
,sla N. tro,hIs "a inform the Assistant Assessor,
there Il a bar TO all complaint, should the Assess.
ment prove incorrect, and a heavier tax believed
astsr an as,.s.ment ma. once been made, II erro
,aSns J,Is sivnvs tronblesome 10 the party In.
tercsted TO have II corrected. All persons, there.
fore bnt s,pseiaiIy suel az kars no taxable ineoms,
should not Tail TO render the required statement,
upon the proper blank. so as to avoid undue tax
alton and trouble.
7 Eyery abatement must be verified by oath or
affirmation. when this Is not done. the Assistant
Assessor In required to estimate the income and
10 sdd o5 per cent. 10 10 the tax. .
800. .E .-.
EVILS OF A FALSE STATEMENT.
8. An Assistant Assessor has power to increase
the amount In any statement, after giving due
information to the party interested. He IL re.
quired, also, to add 100 per cent. TO the tar when
q false statement has been rendered and the
party making the false statement becomes liable,
not only for this additional tar, but hkewlseto
two distipct prosecutions before the United States
Courts-ope for making a false statement with In.
tent 10 defraud the Government, and the other
foy psriury. FEH g.r.
nv ,,rovv
AANShR VI aAAiNo VI ~
By the llsth section OF the law, the COMMITS
sioner OF Internal Revenue IL empowered 70 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.
SCISSOR, and In yarioxs circulars and rulings. The
following is u summary Of what has been pre-
scribed: a.n Fga-.
l. Each Of the great classes into which the pur
suits Of life and the investments Of capital have
been divided must be returned ssporatsly- losses
In one not being allowed to ohsetgains In another
Thus merchant who engages In farming or In
speeulatons not belonging 70 his legitimate bust
ness cannot Offset gains In the one oy LOSSES In
the other.
D. opesu s.ca To- a..