The herald., 1895-02-18

poration, company or association from
all kinds of business Of every nauo and
nature.
Second-The expenses OF such corpora
ton, company or association, exclusive Of
interests, annuities or dividends
Third-The net profits OF such corpora
tlon, company or association, without all
lowing for interest annuities OF divl-
dends.
Fourth The amount paid on account OF
interest, annuities and dividends, stated
separately.
Fifth-The amount paid in salaries Of
$4,000 or less to each person employed.
Sixth-The amount paid in salaries OF
S4O0O to each person employed, and the
name and address of each OF such persons,
and the amount paid to each
That it shall be the duty of every cor
poration, company or association doing
business for profit to keep full regular
and accurate books of account, upon which
all its transactions shall be entered from
day to day, in regular order, and when
eyer collector or deputy collector of the
district III which any corporation, COM
pany or association is assessable shall be-
lieve that a true and correct return OF the
income OF such corporation company or
association has not been made, be shau
make an affidavit of such belief and OF
the grounds ON which it is founded, and
file the same with the Commissioner OF
sloner shall, on examination thereof, and
after full hearing upon notice given to all
the parties, conclude there is good ground
for such belief, he shall issue a request in
writing to such corporation, company or
association to permit an inspection OF the
books of such corporation, company or as
sociation to be made; and if such corpor-
alton, company or association shall re-
fuse to comply with such request, then
the collector or deputy collector of the dis
trict shall make from such information as
he can obtain an estimate OF the amount
of such income and then add fifty per
centum thereto, which said assessment SO
made shall then be the lawful assessment
of such income.
When any person, corporation, company
or association refuses or ncglccts to rem
der any return or list required by law. or
renders false or fraudulent return or list,
the collector or any deputy collector shalt
make, according to the best information
which he can obtain including that de-
rived from the evidence elected hv the
examination of the collector and on his
own view and information such list on
return, according to the form prescribed
of the income, property. and objects
liable to tax owned or possessed or under
the care or management of such person
or corporation, company or association
and the commissioner of internal revenue
snail assess all taxes not paid by stamps,
including the amount, if any, due for
special tax income or other tax, and in
case of any return of Il false or fraudulent
list or valuation Intentionally he shall add
100 per centum to such tax and in case of
a refusal or neglect, except in cases of
sickness or absence, to make a LIST or re-
turn, or to certify the same as Aforesaid
he shall add 30 per centum to such tax.
In case OF neglect occasioned by sickness
or absence as aforesaid the collector m-y
allow such further time for making and
delivering such list or return US he may
deem necessary, not exceeding thirty
days. The amount so added 10 the tax
shall be collected at the same time and in
the same manner as the tax unless the
neglect or falsity is discovered after the
tax has been paid, in which case the
amount so added shall be collected in tae
same manner as the tax: and the list or
return so made and subscribed by such
collector or deputy collector shall be- held
prima facie good and sufficient for all
legal purposes.
The following is the law as il applies 10
individuals:
All persons who are required by law 20
make and render personal list or return
of the amount of their income gains and I
profits received in the preceding calendar [
year, and all persons who are required /
to make and render a list or return o5 the 4
OF the income, gains a
profits of any minor or person or
whom they act, shall, ON or before the I
first Monday of March in each year. make /
out such list or return in the form and /
indicated on pages TWO and three I
of this blank. The person making the re- 4
turn shall subscribe his name thereto i'm I
full, and shall state his place Of residence .
and occupation, and ii lie is not tizpn
Of the United States he shall so state In +
case such list or return is made for or I'm be-
half of any minor or other person or es-
= .. Il.
and authority of any person who makes
and renders such list or return, ON the
part and in the behalf OF another shah be
disclosed, and the fact shown To- the col
ector that such person was vested with
such right and authority, and That il was
MS duty to make and render such list or
return.
The gross amount of income derived
from any particular source shouid be
given. The exemption and the dpdur-
lions allowed by law should be given ncxt
n order, and the several amounts should
pc entered opposite the several items Of
deductions appearing in the return. The
income, gains and profits received during
,he year from any source not enumerated
IN the blank shall be given and the par
,icular source from which such income
gains or profits were received shah be
The person making The re-
urn is required to verify the same, by
)dlil VI ullllHluIlOll. as lllNlttlttl ON tine
orm, by affidavit to be sworn To before
'ome officer using seal and authorized
20 administer oaths, or before Il Collector
,r Deputy Collector of Internal Revenue
If the district, and the income tax must
De paid in the district IN which the tax
payer return is made.
Persons having an annual income of
ess than y3500 are not required to make
md render an annual return, but inall
ases where the annual income OF any
person exceeds the sum of $500, whether
t reaches the taxable limit OF $4,000 or not,
he list or return should be made by such
person, duly verified, and forwarded to !
he Collector of Internal Revenue of the
district in which he resides Expenses
or medical attendance, store accounts.
amily supplies, wages of domestic ser
ants, cost of board, room or house rent
or family or personal use are not ex-
lenses that can be deducted from the
ross profits or income in making annual
eturns. 1t was manifestly the legislative d
Intention that the $1,000 exempt from the {
ayment of the income tax should be ap- t
lied to the aboye-enumerated expenscs. !
nd all personal expenses for the mainten- t
nee of the family and household of the j
ixpayer receiving the benefit OF the ex- t
mption. c
The national state, county, school, and
taxes deductible from incomes,
omprise such internal revenue taxes as
ave not been included in the expenses of 4
he business, and all such state. county.
,hool and municipal taxes as are as
,ssed rataby upon all persons liable 10 n
Icl assessment. buJ nSSpssfupnts ,,,oJo