Fisherman & farmer. [volume] (Edenton, N.C.) 1887-19??, 1895-01-11
THE INCOME TAX BLANKS
THE FOPM THE TAXPAYER
MUST FILL IN AND RETURN.
The Document Prepared by United
States Treasury Experts-Must
Be Attended to Before March
4th--Form for Personal Incomes
Who Must Make Returns.


make :.r-ir returns under the Income-Taz |
law have finally been prepared and approved !
by Secretary Carlisle.
The regulations showing how incomes are
to be computed under the new act have al
ready been published. aud the blanks, which
are now printed for the first time, show how
taxpayers will have to make a return oi
their incomes.
The department has begun sending them
out to the SiXiV-i Grce collectors throughout
the United States.
The blanks must be filed in and returned
TO the collectors on or before the first Mon
day in March. which this year falls on the
4th.
Ire form for personal incomes is No. 3G5.
and IS as follows
UNITED STATES INTERNAL REVENUE.
Return OF gains, profits an income re-
ceivel 10y citizens OF the United states,
whether residing at home or abroad, and by
other persons residing therein having an in
come OF more than $500 for the year 1924 ;
and V persons residing W thout the Unlted
States owning property therein, or engaged
in any business. trade or profession carried
on in the United States during sail year
and bv guardians AMI trustees. executors.
administrators, agents, receivers and all
persons or corporations acting in any hduc-
iary CAPACITY (Sections q, 20 and 81, act
of August %, 1891 '-''z7r~ aRss3 HSsa
Return to be maze to the collector or a
the first Monday of March, 1895, and the tax
to be paid to tho collector deputy on or
before the first day of July, 1895. Sections
%. 80 and 81 act OF August %, 1S94.)
Annual return of gains, profits and in
come received by or accrued to o--, Of
- in the county OF -, and -- District
OF the State Of -, from the first day of
January, 1894, to the thirty-flrst day OF De
cember, 1894, both days inclusive, pursuant
to the provisions of the Internal Revenue
laws
l. Gross profits from any business, or any
interest therein, whenever carried on. $.
2. From rents received or accrued during
the'year, s.
3. From profits realized on sales OF real
estate purchased since December 81. 1872,
t. From farming operations
Proceeds from sales Of livestock, s..
Proceeds from slles of agricultural pro-
duets. s..
s. --0uey and the value of all personal
prof. ,y acquired by gift or Inheritance,
6. Premium on bonds, stocks, notes or
| coupons, $.
7. Ir ONE from profession, trade or other
| employ. 1ut. except stated salary or pay.
| $.
s. From salary, compensation or pay for
| narticuIar services not incluiing salary
| or compensation received from the United
| States, s..
| 9. From salary or compensation received
| for services in the civil military, naval or
| other service of the United States, including
| salary OF Senator, Representative or Dele
| gate in Congress. s..
| 10. From gains and profts, divided or un-
| divided, OF any partnership. $
II. From interest received or accrued
| within the year upon all notes, bonds, mort
CAGES or other forms of Indebtedness. bear
| ing interest, whether paid or not, II good
and collectible. s..
| 12. From interest or coupons paid or ac-
crued on any bonds or other evidences OF
| Indebtedness, OF any corporation, company
or association, s..
49, From dividends or interest paid or
accrued on the stock, capital or deposits OF
any corporation, company or association,
IA. Income of wife or minor children,
computed on the same basis as this return,
Is. From all sources not above enumer-
ated, viz: }, ,S-
Total gains, profits and income, s.
DEDUCTIONS.
1. Exempt by law, $4,000.
| 9 Interest which has become due OF
which has been paid durin" the year, s..
| g National, State, county, school or lu-
nicipal taxes paid within the year, not in
cluding taxes assessed against local benefits
| s..
g. Amount expended in the purchase oil
production of livestock or produce solo
within the year, s..
| 5 Necessary expenses actually incurref
in carrying on any business. occupation OF
profession, aud not elsewhere deductel ID
this return, s..
6. Losses actually sustained during the
year, incurred in trade or arising from fires
storms or shipwrecck, and not compensate
for by insurance or otherwise, and no
already deducted in ascertalnlng profits
| s.
7. Actual loses on sales of real estate pur
obocaJ 21 1909 s.
g. Debts ascert lined within the year to b
| worthless and not elsewhere deducted il
this return. s.. o,
o Salary. compensation or pay over $4,000
! from which the tax Of two per centum ha
: been deducted or withheld by any paymas
ter, disbursing officer or other person In tn
employ OF the United States, s..
10. Dividends heretofore included IN IN
estimate of gross profits, under paragraph
10. receiv rom corporations. companle
or associa, ons On which the tax OF two Pc
y centum has once been paid by such corpora
Il ton, s..
e Total deductions s..
Taxlble income for the year 1891, s..
r Amount of tax Mt two per cent, 8.
a The person making the foregoing retur
n Is REQUIRED TO answer the following que:
tions. namely "
l. Had YOUR wife or any minor child
% children OF YOURS any income last year?
y @ Have YOU included such income or II
- comes i'll this return?
g. Have YOU kept books OF account!
10 L. Is your income herein estimated
d taken from your books?
y s. What ara the particular items
"!csses" set forth by you opposite par
graph Of deductions" and when did eac
occur?
S. Are you citizen OF the United State
and what is your occupation?
= 7. How did you determine that debts T
turned By you as worthless could not
collcc ed?
IT :. What were the vessary expenses
It and the amount II each class, included
. the amount set opposite paragraph OF I'd
. ductionsI'
Of must subscribe to the following: