Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-12-20

The Regulations for Enforcing the
New Law Are Approved.
Every Person Who Has an Annual Income
VI More Than $4,000 Required to
Make y Full Return ON
Oath.

lulA VI Nllt tlNNpNiN NN''N'''t VI
proved the regule tions prescribed by
the commissioner of internal revenue
for the enforcement of the collection
of the income tax under the late tariff
act. Under the regulations provided
pursuant to law every citizen of the
United States, whether residing at
home or abroad, and every person re-
siding and doing business in the
United States who has an annual
income Of more than $500 shall
make full return of the same,
verified by his OATH to the collector OF
internal revenue of the collection dis
trict in which he resides, or II not n
resident in which his business or prop
erty from which income Is received is
situated on or before the first Monday
Of March Of each year. The first re-
turn under the law shall be made on
or before the first Monday in March,
1895, and shall include all in
come from every source received
in the year 1894, from the LIST
day Of January 10 the 3lst day
of December of said year. Guardians,
trustees and all persons and corpora
tions acting in any tiduciary capacity |
are required TO make similar returns
for all minors, wards or benefciaries
for which they act The affidavit to
be attached to the list to be subscribed
and sworn to by the person making the
return Is to the effect that the atliant
has included in said return all gains,
profits and incomes from every source
whatever received by him, or to which
he is Justly entitled for that year and
that he is honestly and truly entitled
to make all the deductions entered on
his return and thst he has truly an
swered the nterrogatorics set forth on
said blank form. When completed and
duly verified by the oath of the person
sending the same must be delivered by
mail or otherwise to the collector at
any time between the first day OF Jan
uary and the first Monday Of March OF
each year.
i In the case OF non-residents the re-
turn must be made and filed in the
manner provided for residents, and II
not so filed the collector must make re
turn lor the nonresident, making no
allowance for the exemption. II any
person fails TO make return in the man
ner and time provided by law, or make
a false or fraudulent return, the col
lector shall make the return from evil
dence obtained by summoning the per-
son and examining his books, and from
all other evidence obtainable, and shall
add per cent to the amount OF tax
found due as penalty as in the case OF
refusal or neglect to make return, and
100 per cent penalty in case OF false
or fraudulent return. The penalties
and interest will be added after notice
to the party and full hearing, If such is
desired by him. Where the tax has
been returned and paid in another dis
tr;ct or where the party has not tax-
able income, he may so declare in print
od ofidavits on the blank annual re-
turns.
All corporations, companies and as
sociations both resident and foreign,
doino business for profit in the United
statee shall make annual return Of all
net pro6ts above business operating
eynenses on separate blank prepared
for them and when duly verified by the
oath os the president or other chief Of
6ccr Of such corporation, the return
must he delivered to the collector on or
before the first Monday in March Of each
vear The first return of corporations
Shall cover all net profits and interest
for the wear 1891. The exemption Of
"a ooo allowed to persons is not allowed
10 corporations, but the return must
cover al net profits without exemp-
,iou II the annual return is not filed
with the collector in the time required
by law the corporation making de-
fault shall forfeit a penalty OF 81 900
and . ner cent. a month on the tax due
until paid.
Certain specified corporations for
charitable and like purposes and GER
tain savings banks mutual insurance
companies and building and loan asso-
Citations are exempt from income tax.
The tax due from salaries Of officers
md from nav of employees Of the United
STATES will be deducted from the first
excess payment over ~, 900 by paymas-
ters and disbursing officers in paying
, tbe same and will be paid over TO the
collectors Of the several districts
wherein such disbursing officers reside
or make payments. II is provided that
) no mart Of the salary, fees or emolu-
ments Of any state. county or munich
nal officer is subject to income tax and
- rot,,rn therpff shall he made of the
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