The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1894-12-21
THE TAX NEARLYDUE
Moolxn TAX COLLECTIONS WILL
SOON BE AROUND.
sssretary Carlisle Approves the In.
stfacttons to Collectors Of Internal
Revenue Regaralng the Oslleetio.
Of the Tax.

Of the Tax.
Washington, Dec. 15.-The secretary
of the treasury to-day approved the
regulations prescribed by the commits
sioner OF internal revenue for the en-
forcement Of the collection Of the in
come tax under the late tariff act.
Under the regulations provided and
approved pursuant to law, every citi.
zen Of the United States, whether re-
siding at home or abroad, and every
person residing or doing business In
the United States who has an anual
income Of more than $500 shall
make return Of the same, verified by
his oath, to the collector Of internal
revenue Of the collection district In
which he resides, or, IL not q resident,
In which his business or property from
which income Is received. 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, 1895, and shall include ail
income from every source received In
the year 1894, from the first day Of
January to the 31st day of December
In said year. Guardians, trustees and
all persons and corporations acting in
any flduciary capacity are required to
make similar returns for all minors,
wards or beneficiaries for whom they
act.
Inclnded In the Tax.
The affidavit attached to the list
must be subscribed and sworn to by
the person making the return, and is
that affiant has included In said return
all gains. profits ard incomes from
every source whatever received by
him or to which he is justly entitled
for that year and that he III honestly
and truly entitled to make all the de-
ductions entered On his return, and
that he has truly answered the inter.
rogatories set forth cn said blank
form. When completed and duly veri.
fled by the oath Of the person render
ing the same, the return must be de.
livered by mail or otherwise to the
collector ut any time between the first
day of January and the first Monday
of March In each year.
The gross gains. profits and incomes
returned by persons shall include: ~
Gress profits of any trade, business or
vocation, wherever carried on, q,
Rents. received or accrued during thu.
year. Cd Profits fl0m sales of real es.
tate purchased within two years. "a
Farming operations and proceeds. (5)
Money and value of all personal prOp.
| erty acquired by gift or inheritance.
", premiums OIL bonds. stocks, notes
and coupons. (0 Income from trade
or profession not by stated salary and
hot heretofore enumerated. (S) From
salary or compensation other than that
received from the United States. CN
Undivided gains and profits from any
partnership. dO) Interest received or
accrued from all notes, bonds or other
securities. (11) Interest on bonds or
coupons paid Of any corporation. (12)
Dividends from corporations. Q3) In.
come of wife or minor child or chill.
drcn. d4) All other sources of I'm.
come not above enumerated.
The deductions allowed on the re-
turns therein enumerated are:
First. $1,000 exempt by law. Sec
ond, Interest due and paid within the
year. Third. nntionall state, county.
school, and municipal taxes paid, not
including assessments for local bepc.
hts. Fourth, amount expended IN thc
purchase or production Of live stock or
produce sold within the year. Fifth.
necessary expenses, specified by items
actually incurred in carrying on any
business or trade. Sixth, losses net.
rally sustained during the year. speci.
fed. Seventh, actual losses on sales
OF real estate purchased within two
years. Eighth. debts contracted and
ascertained in the year to be worth.
less. Ninth, salary or compensation
over $4,000. from which the tax of .
per cent has been withheld by dis.
bursting officers Of the United States
government. Tenth. dividends includ-
ed In the estimate of gross profits from
corporations on which the 10 per cent
tax has been paid by such corporation.
hooks May be Examined.
II any person fail to make return in
the manner and time provided by Inv
or maize false OF fraudulent return.
the collector shall make the return
from evidence obtained by surnmoninu
the person and examining his books
and from all other evidence obtainn.
be. and shall add 5 per cent to the
amount of tax found due as nenalty
In case Of refusal or neglect to make
return, and 100 per cent penalty In
case OF O false or fraudulent return
The penalties and interest Will br
added after notice to the partiy md
fn!l hearing, il s,lch Is desired by him
Where the tax has been returned and
paid In another district, or the party
has not a taxable income, he may de-
clare so IN printed a1iidavits on tlle
blank annual returns.
MI corporations, companies and as.
soctatfons. both resident and foreign
doing business for profit In the United
States, shall make annual return OF
the net profits above. business md
operating expenses OH n scnnrntn
blank prepared for them, and when
unlN verified by the oath Of the presi-
dent or other chief officer Of such cor.
poration. the return must be delivered
10 the collector on or before the first
Monday in March of each year. The
tirst return of corporations shall cover
all net profits and income for the cnl.
endar year 1894. The exemption Of
$1,000 allowed ia persons Ia not ex-
tended to corporations, but the return
must cover all net profits without az.
empti0n.
must ,ar rar 2! russ usssrpT5nttiP9f pT5nts 81
oil Kinds Of business. (2) The ex.
penses exclusive of interest, annuitics
or dividends. G) The net profits with
out allowance for interest or diyi.
dends. a. The amount paid on nc.
count of interest, alnuities and diyi-
dends. % The amount paid In sala.
rfes Of $4,000 or less to each employe.
W The amount paid in salaries Of
more than $1,000 to each employe, and
the name and address Of each of such
employees.
The gross profits include: ~ All
profits Of any trade or business. (2l
Interest or coupons from bonds or
other securities of any c0rrcration. ~
Undivided profits of any corporation.
~ Premium on bonds. notes or stocks.
6) Commission or percentage. 10 In
terest OH government securities not
exempt by law. ~ Interest OIL other
notes, bonds and securities. 90 Profits
from sales Of real estate. !1O) From,
rents. I'D Profits frcm all other
sources. to be enumerated.
The operating expenses shall ill.,
clude: ~ Interest paid and accrued
within the year on bonded or other in
debtcdness Of such corporation. (2)
Losses actually slstaired during the
year, which must be separately stated
and fully described ms to cause. date
aud amount. (3) All taxes actually
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