New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-14


TONS PENALTIES AND APPEALS.
Washington Dec I3.-The Secretary Of the Treas
u-y to-day approved the income tax regulations
Every citizen OF the United States. whether resid-
ing at home or abroad. and every person residing
or doing business In the United States VINO mas a'i
annual income OF more than $500. is required 10
mako return under oath before the first MONDAY
IN March of each year. The first return is 10 III
clude al! income received in the year 1891 from
January TO December 81 Guardians. trustees ana
all corporations acting in any hducary capao''
are required to make similar returns FOR MINORS
wards or bcnefcares Persons having less than
$500 annual income are not required to make re-
turns. All incomes of $4,000 and over are taNaoie
. per cent. The person making return is required
TO make affidavit that he has included IN sara re-
turn all gains. profits and income from every
source whatever received by him or to which ne Is
Justly entitled for that year. and that ne Is nom
esty and truly entitled TO make all the deductions
oo,crcd on his return. and that he has truly an
swercd tho interrosatores set forth on said blank
form.
Tho gross gains proats and income returned ny
persons are TO include: Gross profits OF any TRACE
or business wherever carried on rents received or
accrued during the year. profits from sales oil reai
estate purchased within two years; farming op
oratons ard proceeds: money and Vaiue o' al
personal property acquired by GIT or inheritance
premiums bonds. stocks notes ana coupons "a
come from trade or profession. not by stated sal
.rv and not heretofore enumerated: from salary
or compensation other than that received from ''ie
United States from salary or compensate" pau
by the United States: undivided gains ana proh's
OF any partnership: interest received or ACCRUE"
from all notes bonds or other secur'ieS' i"'et's'
on bonds or coupons paid OF any corporations NV
dends from corporation; income OF wife or minor
child or children: all other sources OF INCOME "o'
above enumerated. o.o
The deductions allowed on the return are: "V"
EXEMPT by law: interest due and paid within 'he
nal taxes paid not including assessments for local
benefits amount expended in purchase OF PRIV
duction OF live stock or produce soid "''h'n 'ne
oar. necessary expenses specified by items actually
incurred in carrying any business OF uaue'
,o.ses actually sustained during the year specihed
actual losses on sales of real estate purchased
within two years debts contracted and ascertained
az ,nv 49, De worthless, ~alary compensa-
,,on over 81 eco from which the tax cont
has been withheld by disbursng ofhcers OF the
United States Government; dividends lhciuueu i"
the estimates OF gross prohts from corporations
IN which the per cent tax has been paid by such
corporation.
II any person fails to make return or makes false
return the collector is make return for him.
from evidence obtained by summoning the person
and examining his books. and from all other evil
dence obtainabe, and shall add 80 per cent to the
amount of tax found due. as penalty Tor neglect
and 100 per cent penalty in of fraudulent
return.
All CORPORATIONS companies and associations both
resident and foreign. doing business in the tntei
States are required to make annual return or net
Drosts on a separate blank TO cover the calendar
year 1894 The exemption OF sVU ailo"eS TO pr
sons is not extended 10 corporations. but me return
must cover all net profits without cxrnpm1Sn me ne
sross profits from ali kinds of business: they
penses exclusive of interest. annuites or dvidends
the net profits without allowance for interest anhu
tiles or dividends; the amount paid ON account OF
interest. annuites and dividends the amount ad
amount paid in salaries OF than $500 to each
c1cb he
All profits of trade or business interest or co
tion dividends received from any corporation. IN
divided profits OF any corporation; premium on
bonds. notes or stocks; commission OF lercentag
interest Government securities not cNemLt by
nr" fo sales Of real from
from all other sources TO be ennmera,ea. me op
crfied within the year on bonded or Indebted.
ness of such corporation losses actually ssane ed
and fully described as to cause. date and amount;
ana enployes ACTUALLY paid during the year rents
and necessary repairs; all other necessary expenses
return. The net profits are 10 include Ali amounts
paid to stockholders shareholders; the amount OF
fund; amount OF net profits used for construction.
eenaispes or or from profits
sssciasd Tor saa,sa6ls and
Insurance. s'' Companies and building and loan as
cases Il is held by the Department that the in
tention OF the exemption is TO extend its dement's
mutual and savings institutions, ana that the cor.
i'orations as such and those who speculate in The
ncarss OF the exemption. Collectors are required
10 examine the articles OF Incorporation and bust
ness methods OF corporations claiming exemp-
ton, ana where such are not within the class
,axation. as in the case o. other corporations
The tax one from sa1Ess OF 1esrs ara sr9
Quoted from the FIRST excess pa urnent over $1,000
v.deS thst no part Of the salary. fees or ernolu-
rncnts OF any State, county or municipal officer
be made Of the salary or fees OF such officers
s ssfT be 'f neuGea the annual s
made on on before the hrst Monday in March; lse5
dissststed ,axpayers 10 the collector. and Il dis
ss snr wa ss % ali ,ne @ x
lating thereto. transferred TO the Commissioner
ties are imposed upon ali officers ara Other per,
who make known, in any manner any fac;
or particulars contained ia or relating to an an
nual return OF any axpayer. or any fac. as to The
SOM o Ge are Of he reesd by s
is,ions to enforce This provision rlgidy :o, .u, :,
due and payable Gv on or 0 before the first gay
July next. and If not paid at that time the penal.
OF the regulations contain about 5000 words. and
will not be printed for distribution for week
or more.
NEW SUPERINTENDENT OF MAILS.
Washington. Dec l3.Pos .master Dayton, Of New
York, accompanied b. Inspector Bcedle at
the Postofice Department to-day. As the result
Of their conference with Acting Postmaster-Cienersl
Jones. Thomas }. Clarke has been appointed to the
place in the New-York Office made vacant by the
resignation OF VI. 4. Mae supernt endcnt Of ma Is.
In hts talk with Mr. Jones' Mr.. Dayton explained
why Mr. Lee. the superintendent % the Registry
py. In bis % ha y, peH bs S s Mr. and Mi
reappoint Ny. Ice. Efforts TO that end having
been made By tn ,htter's friends. Mr.. Lees sue
cessor has not yet been decided upon.
Thomas J. Clarke frs, General Post
once e.even years ago under President Arthur $
Administration. lie was then clerk salary
OF 1857 He promoted from time time. and
in October. 1885,, he appointed FIRST assistant
superintendent OF the mailing department. The
salary Of his prcsen: place Is 1920 Mr.. Clarke is