New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-14

OF real estate purchased within two years previous
TO the close Of the year for which income is esti-
mated; interest received accrued upon al notes.
bearing inieres whether paid or not il good and
eollectible less the interest which has become due
ae yes G 5e hS6 hp of ''s ON
bonds, notes or coupons the amount Of saes OF
pork. beef mutton or other meats hay and grain.
or other vegetable or other productions. being the
less the amount expended in the purchase or pro
pn Of 5a stock or drecv By Gi the fam
money and the value n all personal property
profits, and income derived from any source what
ever except that portion OF the salary. compensa-
tary. naval. other OF the United states,
in Consess ' from Wien the tax has BEEN de-
Quoted. and except that portion OF any salary upon
hold and does. Withhold the tax and pays the
same TO- the officer authorzel To- receive IT, In
cupa;ion. profession shall be deducted and also
person on existing indebteiness. And all National,
incluins those assessed aganst ScaI BENEFITS paid
within the year shall be deducted from the gains
paid the same. whether such person be owner.
tenant. or mortgagor; also loss actually sustained
fires. storms. shpwreck and not compensated
t1inel TO be worthless bit excluding all estimated
depreciation Of values and losses within the year
previous To tho year for which income is atel:
Provided. That no deduction shall be made FOR
nent improvements. bettcrments. made to in
crease the value Of any property or esae;
5000 shall be made from ne aEeresate income n,
one or both parents and one or more minor chill
dren, or husband and wife that guardians shall
and every ward. except that In case where two or
more wards are comprised in one family and
duction in their favor shall exceed Acoo. And
provided further. That In cases whore the salary
omp S%rr Or scrvc q the tinted States shall
be by fees. or uncertain or irregular in the amount
In the time during which the same shall have
pensatlon shall be included In estimating the an
n9a gains pr or r coT beo OF 5hs pq n5 IL
include that portion u any income or salary upon
w whgn the e,npoycr is rurSd by law to pay on
the EXCESS over s4H0; Provici also That in
Company cSPS or fg ] ,hre shall no, be included
r 1nf % or Association as dvends Upon the stock
Of such corporation. company. or association. II
n af prSats by sa corporaon company. or asso-
| citation az required by this act
MUST REPORT HIS PROFITS.
Sec q That 1t shall be the duty Of all per
sons Of lawful age having an income Of more than
800 for the taxable year. computed the basis
herein prescribed To- make and render list or
return. on or before the day provided by law, In
such form and manner rs may be directed by the
Commissioner Of Internal Revenue. with the ap-
prevail Of the Secretary OF the Treasury. to the
|, collector or deputy collector OF the district in
: which they reside. OF the amount OF tnrlr IN
guardians and trustees. executors. administrators
a aF,n in any uc.ary CAPACITY shall make and
render list or return as aioresaid 10 tne col ,
which such person or corporation acting in a
hduciary capacy r~sides or 4ofs ogsnrss' U
: minor or person ior whom they act but persons
maxi such report ami tn collector or deputy
, collector shall require every Ist or return 10
be verified by the oath or affirmation OF the party
rendering 81. AMI may Increase the amount or any
list or return II he has mason to os'e sn mat .e e
T ps4s,n haTing taxabr income sfa neg
I. and RETURN or shall render wifuiy false or
, fraudulent list or return It shall be the duty OF
according 10 the best information he can obtain,
, 10y the examination ~ such person: or any o,her
e ihe amount Of the TAX due on such list all
cases Of yiifui neglect or refusal make and rem
der list or return. ami in all of wilfully
false OF fraudulent list or return having been rem
To- the amount OF tax ascertaned be due the
and the ada9ns N hs az pravded for
a. c,ser @, Of wiu neglect or refusal
n der lis, or return. or OF rendering false or
Provided That person or cprPS%raiiion in h,i
be permitted declare under oath or aiirmation;
tho form and manner OF which sna be S
unroya OF the Secretary of the Treasury that he.
she or hls per a o income Of $500 liable to be
a.sessei according 70 the provisions Of TINS act or
sTi or brncdciary has been and has paid
S an @T9We OF f'i the Tnr States Upon ali his
or s income. gains. or profits ana upon an or III II
-, IL iable As such diuciary. prescribed by lay;
and the collector Or d"puy o' sn'i nrr w.
son or corporation shall thercupon be exempt rom
,he H., ar return u any person or corporation;
f.; companv or association shah have been Increased
o o c cr comply or Hsso cation may be
permitted 70 prove the OF ba n'T n"f be-
siicred as conclusive Of the facts, ana no n cr
duct. ons claimed IN such cases shan De mao .i
allowed until approved by the collector OF 'P"'
. collector. ..,,.,r, ,,,, or ,ssocia-
,,c rolling ncrricvei b tho decision q tn 9sp1ty
collector such cascs may APPEAL !" rmg tness
reversed hv the Commissioner OF Internal K"\rh"e;
.naIi he mai II dissatisfied with the decision Of
}, The collector such person corporation, COMPANY
or association submit the case WIN , az ,me
" ffor bis decislon ana may furnish the testimony
OF witnesses TO prove any i@@vi ,h
= OF Internal Revenue. as herein prescribed. , -,
which. and the officer b~fore whom the testimony
viii be taken the name ar" rcfitrn'e ati ou 70
y be propoundcd 10 the Witness or BRIEF stat"lnf.,
OF the suhstance Of me teS,'Hony mr nav at
the same tine and place take testimony mpTn LIZ
notice to reb M, The lrsd Ies linen 0' ''e
Tbr notice shall bc Delivered mailed TO the
nnhnr Of days previous to the day hxcd for TAX
ing the tesmony 10 allow NJ MN ,hc period required
, for mail communication with the plaf" Il, WIN i"
u he testimony ~ TO he taken. III NH'Nll !" 80
4 should n. 50 desire. Instructions as 10 'n' ''o''
exainnaiion OF the propos,d %itm"t, or ,.noson
Whenever practicable. the aHliaNit OF p'lIi, ~
shall be taken before collector or deputy c4'ie'uor
~ Internal revenue, in which case r"hsonanl" NJ
\ ice shall be given TO the collector OF uepu'' ~,
= iector Of the time fixed for taking the d"po"uo''
l. / or AFFIDAVIT. $3.50 ,,. .,ou ho NJ.
q / PROVIDED further That no penalty ahall De az.
9 | sessed upon aay person or corporaton rothp' t
i, az aseoraton for such neglect or refushl or io'
4. making or rendering wilfully ials" or I'". -, :
| i.n, after REASONABLE" rotlc" on w
Zinc and place of hearing 10 be prescribed u! W., III
= | G"mmissioner Of Internal Revenue, so as TO give
= ! Ma nnrson charged an opportunity to be heard
: EX1n. TAX OK ARREARS.
:. c. % THO taxes on incomes herein imposed shall
. no due and payable or before the hrst day o'
Il r,,,, I'm zach year: and TO any sum or sums an
| he