The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-12-14
FOR THE INCOME TAX.
Preparations for It's Collection
About Completed.
TIE REGULATIONS PRESCRIBED.

They Are Approved by Secretary Carlisle
and Published for the Guidance of Citi-
uens-Returns Must be Made Before the
First Monday in March.
WARRINGTON, Dec. 14.-The secretary of
the treasury has approved the regulations
prescribed by the commissioner of internal
revenue for the enforcement of the col
lection Of the income tax under the late
tariff act. Under the regulations provided
and approved pursuant to law every citi-
zen of the United States, whether residing
at home or abroad, and every person resid-
ing or doing business in the United States,
who has an annual income of more than
g 500 shall make full return of the same,
verified by his oath, to the collector of in
terna1 revenue of the collection district in
which he resides or IL not a resident, in
which his business or property from which
income is received IL 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, 1895, and shall include all income
from every source received in the year
1894. Guardians, trustees and all persons
and corporations acting in fiduciary ca
pacity are required to make similar return
on or before the date mentioned for all
minors, wards or beneficiaries for whom
they act. Persons having less than So, 500
annual income are not required to make
the returns, but all persons having an in
come in excess of that amount, whether it
reaches the taxable limit of $4,000 or not,
must make return us prescribed,
The blank form prescribed by the regu-
1ations for the annual returns of persons
contains list specifying all sources of in
come and all allowable deductions to be
filled out by the person making the same,
with footings for gross income and total
deductions allowed, leaving the taxable
income upon which the per cent. tax will
be assessed.
The affidavit attached to the list must
be subscribed and sworn to by the person
making the return, and is to the effect
that the affiant has included in said re-
turn all gains, profits and income 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 that he has truly answered the
interrogatories set forth on said blank
form. When completed and duly verified
by the oath of the person rendering the
same the return must be delivered by mail
or otherwise to the collector at any time be-
tween the first day of January and the
first Monday in March in each year.
The blank form contains full printed in
structions as to the manner of making re.
turn and the method of compiling the net
income for taxation. In the case of non
residents the return must be made and
HE'D IN the manner provided for residents,
and IL not so filed the collector must make
return for the non resident, making no
allowance for exemption.
If any person fails to make return in the
manner and time provided for by law or
make n false or fraudulent return, the
collector shall make the return from evil
dence obtained by summoning the person
and examining his books and all other evil
dencc obtainable, and shall add SO per
cent. to the amount of tax found due ils a
penalty in case of neglect or refusal to
make return, AMI 100 per cent penalty in
case of u false or fraudulent return
1t is provided that no part of the sal.
aries, fees or cmoluments of any state
county or municipal officer is subject to
income tax, and no return thereof shall
be made of the salary or fees of such of
fcers. Salary received by government Of
ficials in 1894 shall be included in their
first annual return, to be made ON or be-
fore the first Monday in March, 1895.
Appeals, and the method thereof, are
allowed and prescribed in all cases whers
the person charged with the tax is dissat-
isfied with the decision of deputy col
rector or collector In the first instance
the appeal is to the collector and ii dis.
satisfied with his decision the appellant
mas have the entire cause, with all papers
and evidence relating thereto, transferred |
to the commissioner OF Internal revenue
for his decision
Severe penalties nre imposed upon all |
officers and other person who make known |
In any manner any fact or particular con- /
tanned in or relating to the annual return
of airy taxpayer, or fact us to the sources
or amount of the income of any such per
son.
The tax on income for the year 1891 will
be due and payable on or before the first
day of July next and If not paid at that
time the penalties will attach for non
payment. The collection Of the tax when
delinquent will be enforced in the sumo
as in cases of enforcement and
of other taxes
Corporations are required to keep accu-
rate books of account, and may be re-
quested to allow collectors to inspect tho
Same i'll verifying returns. If the annual
return is not filed with the collector in the
Time required by law the corporation max
ing default shall forfeit n penalty of 81 900
and per cent. q month ON the Tux due
until paid.
Certain specified corporations for char
table and like purposes, and certain saw
ngs banks mutual insurance companies
md building and loan associations, are
exempt from income tax
The tax due from salaries of officers and
rom pay of employees OF the United States
will be deducted from the first excess pay
nent over $1,000 by paymasters and dis
pursuing officers in paying the same