Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1894-12-14
TELEGRAPHIC.
INCOME TAX COLLECTION,
Regulations ApprOYodby The Secretary
Of The Treasury.
Matters 10 no Included In the Returns
-Doduetions Aiiowcd-Ps naIiits
for False Returns.


fofoemunt Of the collection OF the in.
come tax under tue tarlfi act. Under
the regulations provided aud approved
pursuant to law, every citizen OF the
United States, whether residing Of
home or abroad, and every person re-.
siding or doing business In the United
States who has an annual Income Of
moro than 81, 600, shall make "A full re-.
turn OF the same, verified by his oath,
To the collector Of internal revenue Of
the collection district In which no re-.
sides, or, II not a resident, on or before
tbs fret Monday Ia March OF each
year. The fret return under tho law
ehali DO made on or before tho fret
Monday la March, 1895, and shall In.
clude all Income from every source re-
ouived In the year 1894 from the first
Jay OF January 10 the 8lst day OF De-
cember In SAID year.
Guntdiane, trustees and all persons
anu corporations acting In Any ludicl.
AIRY capacity arc required to make sim.
liar returns for all minOrs, wards or
beneficlarioH for which they act. The
affidavit attached 10 the llst must be
subscribed and awOfn to by tho person
making the return, Aud IL ~ the effect
that the ailiant has Included In taid
returns oil gains, profits and Incomes
from every sources whatever received
by him, or 10 which he IL Justly en-
Titled Tor that year, and that he n
honestly anu truly entitled 10 make all
the deductions entered on his return,
pnd that ho has truly answered the
lntcrrogat0ries set forth ON said blank
form. Whom completed and duly
verified by the oath OF the person ron.
duting the same, tho same must DO
delivered by mail or otherwise 10 the
collector at any time between the ist
day Of January anu tho firt Monday
IN March In each year.
The gross gains, profits and incomes
returned by porB0us shall Include;
l-Gross profits OF any trade, busl.
ness or vocation Whatever carried on.
E-ton1s received VI accrued during
the year.
8-Prohts from saloa OF real estate
purchased within two yoars.
4-Farming operations anu proceeds
6-Monoy anu value OF all personal
property acquired by gift or inherit.
Ance.
6-Pramium on bonds, stocks, notes
and coupons.
7-tncome from trade or profession
not by stated salary anu not heretofore
enumerated.
s-From salary or compensation
other than that received from the
United StateP.
9-Undivided gains and profits OF
any partnership.
l0-lntefest received or accrued
from all no,ur, bonds or other securities.
ll-lnterest on bonds or coupons paid
OF amy corporation,
l2-Divluends from corporations.
lS-lncome OF wife or minor child or
children.
l4-All other sources Of income not
above enumerated.
Tho deductions allowed on tho return
and therein enumerated are;
-Four thousand dollars exempt by
law.
2-Interest due aud paid within the
year.
S-NatlonRl, state, county, school
and municipal laKos paid, not inolud.
ing assessments for local benefits.
4-Amount expended In purchase or
production OF live stock or produce
sold within tho year.
b-Necessnty expenses, specified by
Items actually Incurred in carrying on
business or trade.
6-LooseB actually sustained during
the year, specified.
T-Actual losses on sales Of real es-
tate purchased within two years.
s-Debla contracted and ascertAined
In the year 10 he worthless.
D-Salary or compensation over
$4,000, from which tho tax OF Q per
cenlum has been withheld by dis
bureing officers OF the United States
government.
lO-DIvidends included In tho estI.
mate Of gross profits, from corporations
on which the 10 per cent tax has been
paid by such corporations.
In the case OF nou.resldenls tho re-
turn must be made and filed ia the
manner provided Tor residents, and, n
not NO filed, the collector must make |
telurn for the NONRESIDENT, making |
no allowance for exemptions.
III any person fails 10 make return In |
any manner and time provided by law,
or make false or fraudulent return,
the collector shall mako the return |
from evidence obtained by aummoning |
the person and examining his bo0he, |
and from all other evidence obtained, |
and shall add i've per cent 20 the |
amount Of tax found due rs penalty,
and In case VI refusal or neglect 10 |
make return, and 100 per cent penalty |
In case OF false or fraudulent return. |
The penalties ana interest will DO ad. |
ded after notice TO the party and full |
hearing, II such II desired by him. |
When tne tax mas been returned and |
paid In another district or where the |
party has not taxable income, he |
may 20 declare In printed Rilidavlts on |
the blank annual returns.
All corporations, companies and na-
BOciationH, both resident ami foreign,
doing business for profit In tho United |
States shall make annual return OF ali |
net prohts above business and operat.
lug expenses on "A separate blank pre-
pared by them, and, when duly verl.
He'd by the oath OF the president or
other chief officer OF such corporation,
the return must DO delivered TO the
collector on or before the flrst Monday
In March Of each year. The frst 10.
turns OF corporations shall oover net
profits anu Interest for tho year 1894.
Certain specified corporations for
charitable and Ike purposes ana saw
lnga banks, mutual Insurance cOmpan-
les and building and loan associations
nre exempt from income tax. In such
cases II 10 held by tho department that
the Intention OF the exemption Ia 10
extend benehtB to the small depositors
ana beneticarieB OF such mutual saw
lnga Institutions, and that the corpora
lions or such us those who speculate
In the Fhareg. HlOghg or fuuda ara mt |