The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-09
INCOME TAX RULES,
Hanks to Be Filled Ont BY Per-
SONS and Corporations.
sRoncLAp N ALL ITS DETAILS


Tae internal revenue Office Is ssnding
out blanks TO all persons ard corporations
who are Liable 10 pay an income tax, and
the fsss copies were reeeised here ny
Deputy Collector Gleason yesterday. The
once ID hufsyins the matter np. as all
seporsS have 20 be returned By the first
Monday In March. Tie blank forms con-
tatn all the Instructions necessary for
pe-soE 70 file an Intelligent statement
Under the law every corporation organ
tied Tor the purpose % doing bnssness
for profit IN required 10 make return.
The failure to do which makes the pres
1jent or principal officer liable 20 a fine
Of 81 90 ana per cent. penalty upon the
amount of taxes due for each month uvtii
she amouns 10 paid. The blanks are
sronciAd and very complete In all details.
Deputy Collector Gseascg. says number
Of people are sending TO the office for
tnem each day, and be. anticipates no
trouble in their return.
The bieEks are IN two forms. one for
oosp0ratsons. etc. and the other for IN
1tvIauals. numbered respectively 80 and
-. The blank for corporations provides
Tor TIE re.urn OF income By banks. bank
ting snststutions. trust companies. savings
3nAtitusioas. G.e. marine. lie. or other
tnxuranee companies, railroad. canal.
turupEkes. canal navigation, slack water.
xeisphone. telegraph. express, electric
light, gas, water, street railway compa-
nies. and all other corporations. eompa-
n.es or associations doing business for
profit in she United States. aud IL made
put as follows:
Whence Comes Year Inesmer
s...-........., IN the county OF ..............
state Of .................... makes and rem
dcrs the following return OF all gains.
profits. or income received by or accrued
20 said OBSERVATION-DISCLOSURES. from the
FIRST day OF January, 1891. 10 the thirty
0rst day sf December. 1894. both days In
etnsfve. parsuant 10 the provisions OF the
Internal Revenue laws:
Gross receipts. credits. earnings. and
gains from any business. or any interest
therein. wherever carried on: from inter-
est or coupons. Que or paid on any bonfis,
er other evidences or Indebtedness Of any
corporation. company or association;
9rpm dividcnds or interest on the stock,
capital. or deposits OF any corporation.
crrapany or association; from un-
divided PROFITS of any corporation,
company or association: from premium
On bonds. stocks. notes. or coupons. from
commissions or percentage; from interest
on notes. bonds or oeher securities of the
United States. except such bonds of the
United States. the principal and interest OF
which are exempt from Federal taxa
ton; from interest received or accrued
on all notes. bonds. mortgages. or other
forms OF Indebtedness not included In the
foregoing items. from profisx realized
within the year from sales of real estate
purchased since December 81. 1899: from
renta received or accrued: from all
sources not above enumerated specify
ing ssrae,. viz: total receipts. gains and
lneunte."
How TO Discount n.
Heiow this Is space to be filed out
with operating and business expenses.
with the following Items:
Interest paid or accrued within the
year On bonded or other indebtedness.
losscs actually sustained during the year:
state. county. municipal or town taxes
accrued during the year 1904 and actin.
ally paid: salaries compensation. or pay
Of officers or other persons employed dur
ing the year; rents. or necessary rsfair-s.
bat not including amount used for con-
etruetion or enlargement OF plant. actual
losses 90 sales Of real estate purchased
since December 81. 1892: cost price OF ma
tessAa purchased for MANUFACTURES or re-
Sale. not Increasing stock on hsnd De-
censber u. fsss: other expenses not above
enumerated. viz: Total operating and
business expenses"
Then comes a space for net prof,,s or
Income over operating and business ex-
pehses: one for dividends ana gains.
1efe1osore included In the statement OF
profits received for corporations. com
pstties or associations. on which the tax
OF PEE cent has once been paid bv such
corporation, etc: the amount nf ne.
profits or income liable 10 tax; tax a,
per centnm: amount paid TN salaries or
other concentrations. or pay ~ officers
or other persons employed. not Including
salaries OF more than ssWe: amount pala
- salaries. or other compensation nv
pss. OF n;saeess or other persons emoloy-
ed. incEutlag only salaries OF more than
sieoe
After Employer Salaries.
On the other side OF she blank is a
sraee Tor the name arsi address cf each
person 10 whom salary OF rnore tsas
&.ao was paid and the amount paid 90
each person.
6elow this IS statement 81 all inter
est ennulties and dividends declared due
or paid 10 Shareholders. stockholders. rol-
Icy hoAicrs or depeslsorS BY the CORPORA
tson from January l. fs9l, IN lAps~ernsse-
- 1871 and Of AL undivided proists ~
ssid corporation on hand az asi,iss 70 any
funi AMI amount ~ ret annual n~ce.s
or income ef said corporation. used Is,
construction. enlargement OF plant. or anv
other expenditure or Investment RAID
fFsafa sho net annual profits e. Che curper-
etaoa fer the year. With the following
steans:
The Balance ca ne Taxed
'nisiaeads declared OF paid on stock.
capital or deposits, NssA: asaafsssiex de-
ciasei or ns5ss on hands. stock. capssa,
or rcalciss; Interest psl,i on shares
stocks. sapliaa or deposits. total interest
aanaistes ara ilvasen.ss.
Undivided profits. over dividends De-
ctsrsa or ra:a on hand or carried 10 the
arceant ~ surelas OF other funa; annsuat
&c fAs profits or income uxess for eenstrae.
sfsui A1acens OF net PROFITS or ir~ss:ne
cssed Tor enlargement. ecstersneas. o. per
sssnent Improvement ~ pssnt: anseaa< 10