The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-12-14

bonds or other securities or any cor
Third-Dividends received from
Observation-Disclosures profits of any
corporation
Fifth-Premium on bonds, notes or
stocks.
Sixth-Commission or percentage
Seventh-Interes on government
securities not exempt by law
Eighth-Interest on other notes.
bonds and securities
Ninth-PrOfts from sales Of real
estate
Tenth-From rents
Eleventh-Profits from all other
sources, to be enumerated
The operating expenses shall IN
clude:
First-Interest paid or accrued
within the year on bonded or other
indebtedness Of such corporation
SecOnd-LOsses actually sustained
during the year. which must be sep
arately stated and fully described as
to cause, date and amount
Third-All taxes actually paid
Fourtn-Salaries and pay Of officers
and employees actually paid during
the year
Fifth-Rents and necessary repairs
Sixth-All other necessary eX-
penses, which must be tie mlzed and
fully explained in the return.
The net profits shall include;
First-All amounts paid to stock
holders or shareholders
Second-The amount Of undivided
profits on hand or carried to surplus
or any other fund
Third-Amount Of net profits used
for construction, enlargement or i'm
provement Of plant
Fourth-All other expenditures or
Investments from the net profits
Corporations are required to keep
accurate books of accounts, and may
be requested to allow collectors to
inspect the same in verifcation Of the
returns If the annual return is not
filed with the collector in the time
required by law, the corporation
making default shall forfeit penalty
of 81 600 and per cent month on
the tax due until paid.
Some Corporations Exempt.
Certain specified corporations for
charitable and like purposes and GER
tain savings banks. mutual Insurance
companies and building and loan as
sociations are exempt from income
tax.
Collectors are required to examine
tile articles of incorporation and busi-
ness methods OF corporations claim
ing exemption and which are not
within the class specially exempt to
cause return to be made for ia xauiOn
as in the case of other corporations.
The tax due from salaries of officers
and from pay of employees of the
United States viii be deducted from
the first excess payne ut over 81 600
by paymasters and dis bursing officers
in paying the same and viii be paid
over to the collectors of the several
distri cts wherein such dis bursting
officers reside or make payments. It
IS provided that no part of the salary.
fees or emOlume n1s of any state.
county or munci pal officer is bject
to income tax and no return thereof
shall be made of the salary or fees Of
such officers. Salary received by
government officials in 1894 shall be
included in the first annls4l return to
be made on or before the first Non
day IN March, 1898.
Appeals, and the method thereof.
are allowed and prescribed in all
cases where the persons CHARGED with
the tax are dissatisfied with the
decision Of a deputy collector. In
the first instance. appeal is to the col
lectOr. and if dissatisfied with his
decision the appellant NAV have the
entire cause with all the papers and
evidence relating thereto, transferred
to the comm issiOner Of internal
revenue for his decision.
Penalties.
Severe penalties are imposed on all
officers and other persons who make
known In any manner or any fact or
particulars contained IN or relating to
any return of any taxpayer or any
fact as to the source or amount Of the
income Of any such person. Collectors
are strictly directed by the reguIa
uions to strictly enforce this pro-
vision AS all original returns are
forwarded to and fled in the office of
the commissioner of internal revenue,
the opportunity for exposure of the
facts protected by this provision will
be greatly reduced.
The tax on incomes for 1894 will be
due and payable on or before the
first day Of July next and if not paid
at that time the penalties viii be at
tached for nom payment The col
lection of the tax when delinquent
viii be enforced IN the same manner
as in case of enforcement and collec-
tiOns Of other taxes under the inter
nal revenue laws Of the United States
Taken to the PEN.
FORT SMITH, Ark, Dec 14.-Marshal
GRIMM left Yesterday a ftaruoo, f~,.