The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-12-14

,bs commissioner OF internal revenue
or the enforcement OF the collection Of
iucoms tax under the new tariff act.
uudsr tho regulations provided and ap-
p,o,ed pursuant to law, every citizen
al the United States, whether residing
a, doing business in the United States,
Who ha, an annual income OF more than
$3.50 shall make full return OF the
un., verified by his oath, to the COL
I.c.Or Of internal revenue Of the collec-
lion district in which he resides, or if
no. 4 resident, in which his business or
p,opsrty from which income is re-
e.iysd Is situated, on or before the
6r, Monday in. March of each
y,,r. The first return under the law
,balI be made on or before the first
Monday in March, 1895, and shall in-
tuds all income from every source, re.
.eived in the year 1894, from the first
day Of January to the 3lst day OF De-
nlnber in said year. Guardians, trus-
ne. and all persons aud corporations
iling in any fiduciary capacity arc
required to make similar returns on or
before the date mentioned for all
minors, wards or benefciaries for whom
they act. Persons having less than
$500 annual income, are not required
10 make the returns, but all persons
having an income in excess OF that
iuouu., whether it reaches the taxable
limits Of $1,000 or not, must make re-
.arns as prescribed.
The blank form prescribed by the
regulations, annual returns OF persons
contains a list specifying all sources OF
income and all allowable deductions, to
be filed out by the persons making the
ilms, with footings for gross income
and total deductions allowed, leaving
The taxable income upon which the two
PET cent tax will be assessed. When
completed and duly verified by the oath
oilhs persons rendering the same, the
return must be delivered by mail or
Otherwise, to the collector at any time
between the first day OF January and
the first Monday OF March in each year.
THE BLANK TO BE FILLED.
The gross gains for the profits and
income returned by persons shall in
elude:
!. Gross profit. ofany trade, business
oryocation, wherever carried on.
2. Rents received or accrued during
the year.
3 Profits from sales OF real estate pur-
chased within two years.
1 Farming operations and proceeds.
5. Money and value Of all personal
property acquired by gifts OF inherit
ance
6, Premium on bonds, stocks, notes
and coupons.
I. Income from trade or profession,
not by stated salary and heretofore
enumerated.
s From salary or compensation other
than that received from the United
States
9. From salary or commission other
than that received from the United
States.
10 Undivided gains or profits of any
Partnership.
II. Interest received or accrued from
all notes, bonds or other securities.
Il Interest on bonds or coupons paid
Oh any corporation.
!S Dividends from corporations.
H. Incomo of Wifa or minor child or
Is. All other sources OF income not
aooVe enumerated.
THE DEDUCTIONS.
The deductions allowed in the ret urn
and therein enumerated are:
|. Four thousand dollars exempt by
:, Interest due aud paid within the
year.
.. National, state, county, school and
municipal taxes paid, not including as
'essments Tor local benefits.
t. Amount expended in purchasing
~ ~ production OF live stock or produce
'0!a within the year.
I. o. Necessary expenses, specified by
''eus, actually incurred in carrying on
any business or trade.
:, o. Losses actually sustained during
'ne Year, specified.
:. Actual losses on sales OF real es.
"te purchased within two years.
q, Debts contracted aud ascertaiIed
ID Inc year TO bo worthless.
u Salary or commission over four
', dollars, from which the tax
- ~ per centum has been withheld by
as0ursinR officers Of the United States
sovernment.
~ Dividends included in the eIti-
,uaIe ~ OF gross profits from corporations
y" winch the 2 per centum tax has been
pG,I Ii BY the corporation.
i,.e tne blank form contains full printed
iis'uneIIons as to the manner OF max
;HS ;s returns and the method Of comput-
~ ,t Tue the net income for taxation. In
,ue ,o,' case Of non-residents the return
nust De made and filed in tho manner
SS1Loy'ded for residents, aud II not 30
Ia I'ao tho collector must make return
'nco for exemption.
THE PENALTIES.
Hany person fail to mako return in
'ue manner and time provided by law
VI make a false or fraudulent return,
iue ~. collector shall make tho return
,I, "m evidence obtained by summonlns
na ,nd person aud examining his books,
s"J sri from all other evidence obtainaBle
N Nh shall add so pcr cent to tho amount
"A i0und due 90 q penalty in case