The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-12-14
Income Tax Regulations Made
by the Treasury.
Full Returns Must be Made of
All Incomes.
TAXIS DUE JULY, 1895
The First Returns Must be Made
by March.


the commissioner Of internal revenue
for the enforcement Of the collection
of the income tax under the late tariff
act Under the regulations provided
and approved pursuant to law, every
citizen Of the United States. VIII e Their
residing at home or abroad, and
every person residing or doing busi-
aess ia the United States who has an
annual income of more than So, 500
shall make a full return of the same,
verified by his oath, to the collector
of internal revenue Of the collection
district in which ne re sides. or, if not
a resident, in which his business or
property from which income is re-
ceived, is situated, on or before the
first Monday in March Of each year.
The first return under the law shall
be made on or before the first
Monday in March, 1898. and shall
include all income from every source,
received in the year 1894, from the 1st
day Of January to the 31st day Of De-
cember in said year. Guardians,
trustees and all persons and corpora
tiOns acting in any dduciary capacity
are required to make similar returns
for all minors, wards or benehclaries
for which they act.
Must BE sworn to.
The affidavit attached to the list
the person making tine return, and
il to the effect that the afaant has
included in said return all gains,
profits and incomes rom every source
whatever recei we'd by him, or to
which he is Justly entitled for that
year, and that he is honestly and
truly entitled to make all the educ
tions entered upon his return, and
that he has truly answered { he inter
rrar f.ftr- fra uaf forth said hlur.l
FORM When completed and duly YER
flied by the oath of the person rem
dering the same the same must be
delivered bysman or otherwise to the
collector at any time between the 1st
of January and the first Monday of
March Of each year.
The gross gains, profits and in
comes returned by persons shall in
clude.
First-Gross profits of any trade,
business or vocation, where yer car
Second-Rents received or accrued
during the year.
Third-Profts from sales of real
estate purchased within two years.
Fourth-Earming operations and
Fifth-Money and value Of all per-
sonal property acquired by gift or IN
heritance-
Sixth-Pre MUM on bonds, stocks,
notes and coupons.
Seventh-Income from trade or pro-
fession not by stated salary and not
here tofore enumerated.
Eighth-From salary or com pensa-
tion other than that received from the
United States
Ninth-Undivided gains and prof IS
of any partnership.
Tenth-Interest received or &C
crued from all notes. bonds or other
securities.
Eleventh Interest on bonds or
coupons paid IF any corporation.
welfth-Dividen5s from corpora
tions.
Thrice nth-Income Of wife or
minor child or children.
kourteenth-An other sources of
income not above enumerated
EHemptiona allowed.
The deductions allowed on the re-
turns herein enumerated are:
First-Four Thousand dollars ex-
4 mpt by law
second = Interest due and paid
within the year
Third r. National state, county,
school and municipal taxes paid, not
including assessments for local bene-
fits.
Fourth-Amount expended in pur-
chase or production Of live stock or
produce sold with IA the year
tlft h-Ne cessary expenses, speci-
fed by items, actually incurred in
carrying any bu siness or trade.
Sixth Losses actually sustained
during the year specified
Seventh-A stual losses on sales Of
real estate purchased within two
years
d Eighth-De bts contracted and as
-ertained in the year to be worthless
Ninth - Salary or compe nsation
over 81 600 from which the tax Of two
per centum has been withheld by
1isburslnR officers of the United
states government
enrh-Div bends included in the
astimate Of gross profits from corpOr-
atoms on which the ten per cent tax
has been paid by such corporations.
CorporatIons-
The exemption of s., 200 allowed to
persons is not extended to corpora
ions. but the return must cover all
net profits without exem ption- The
annual return OF corpora tions must
include.
First-The gross profits Of all kinds
Of business
SecOnd-The expenses exclusive Of
int crest, annuities or dividends.
Third-Ihe net profits without al
owance for interest, annuities or
dividends
Fourth The amount paid on &C
count of interest. annuities and
dividends
of 81 600 or less to each smploye. and
the name ana address Of eaeh Of such
employees
The gross profits include.
First-All profits Of any trade or
sssoad-Intsress o. coupons from