The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-03-02
For the Real Estate
Brokers.
NOW THEY FINED
For Not Paying Tax at First
Exempt From,

N~SstNS 9IeAACA . AteeNC JO11lCu lile
worrying club. Oscar j. Winslow, dep
uty collector of internal revenue, is re-
sponsible. He has bean after them for
several days, and after quiet inter-
view they see before them the payment
OF not only a tax foIdoing business as
brokers, but the payment of a penalty
for not paying the ak in season.
Two prominent real estate men have
paid the penalty. Nearly every other
dealer in Worcesterhas received a call
from the deputy cdiector and all have
been informed that their chances of ad-
mission into the wrrying club are ace
high.
But the real estde men won't be the
only ones. Lawyers who do a commits
sion business in Negotiating loans and
mortgages are on the list of the revA
nue. collector ant they will not only
have to settle at lsgular rates, but they
are due TO pay he penalty also. The
payment Of the penalty lis no small
thing, as It amounts to so per cent of
the amount of tie tax.
The visit of leputy Collector Wins
low comes as particular hardship ON
real estate me- They imagined thew
were exempt firm the operations Of the
war revenue tx. They rejoiced in the
thought they culd do business without
being Obliged b come up to pay the ex-
penses OF whipping Spain. But they find
they are oblfed to fall into line. 1t is
costing ITEM 30 per cent for the second
guess, witch is the best one. according
$sthe de,ut9 internal revenue collector,
NCornelhs Iaher e. Son, of the Walk
buildag and Timothy Desmond,
VINO conucts real estate agency in
he Stat'Mutual building, are the on
ones 11o have been thus far obliged
~ come GOWN to the collector. But
hey wot be alone long. The deputy
soilectorlas made a business call on
learly tery other real estate dealer
b Norster and informed him that
p q she time the government would
(e obliged to receive $50 per cent of
he tax We'd on brokers. The real es-
ate meprotested and wanted time to
sonsiderhe/ emand. Deputy Collect
W WinsT new he had a good thing
and dide> force them for immediate
paySnen They'll come down later.
Tt costhe firm of Maher & So.
t37.b0 tdo business from January
anti Ju l, and Mr.. Desmond had to
come don with $624 as his business
as bEer dates from September l
of last ear. Mr.. Maher, senior, and
4 MIR. Delond had to make affid2vit
81 concerny their business as brokers.
Il Deputy ollector Winslow Will compel
every or real estate dealer to make
similar idavit, and it is said he also
intends kompel every lawyer in Wor-
cester bake similar affidavit as to
81 whethe does business in negotiat-
IA ing loa land mortgages.
MI The tNWhich Maher & Son had to
pay wa E5 and the penalty for not
"a paying Sooner was $3.50. Mr. Des-
mond 8 not SO lucky. His tax
amount to $4166, and the penalty for
not talg cut a license in due season
amount to S20S5, making his bill
S62.49.
Othedealers who have been en-
gagged negotiating loans and mort
cages ce July l viii have to pay
4 $50 tax,d and s25 penalty. They VIII
be reqId to make affidavit as to The
length time they have carried on
Il the busss of negotiating loans and
81 mortga in connection with their real
II estate mess. The license and penal
B ty datfrom the first day Of the
month which they began to do s'lch
BUSHNELL one Of them was unfortu-
nate egh to negotiate n loan last
July dUdS IILduO llOuC StIlCC, tIldL Will
cost hB75, the same as if he nego-
g tiated lan every day. To bring him
under law, he must act fer third
party receive a commission. But
as nonf the real estate men are in
that bless for their health, they all
come lin the meaning of the law
if they've meddled with the loanjng
of mol for another party.
Realate men come under the sec
ond pgraph of the second section
of Their revenue act, which relates
to bros 1t states that any person
acting "a broker, either for himself
or for bird party, shall pay an an
nual fpf $50.
WI Real.ate men thought they were
exempld everybody else thought so,
too, ula few days ago. While they
81 confineir duties to real estate alone
they exempt, but when they begin
q the heating of loans they are brok
ers apome under the law. The de-
cision which Deputy Internal Rev
enue Hector Winslow is acting,
reachelim from Washington about
the me Of last month. That decls--
ion rel persons who are engaged
as ags for others in negotiating
sales hortages are held to be brok-
ers va the meaning of the second
paragR Of section 2 of the act of
June aSsS."
Whehe act was passed a decision
was So by which real estate men
agreedey were exempt. Several real
estateen in Boston paid their tax
beforeat decision was rendered. They
receivtheir money back. Since then
real e:e men have been happy. NOW
they sad.
The ision that real estate men who
act asents for other parties are bro
kers ain the meaning of the law
was re the last of January. Depu-
III Cotor Winslow received informa-