The Leon reporter. (Leon, Iowa) 1887-1930, 1913-10-30

or ANIMATION OF the party rendering
it.
The collector may increase thu
amount of any return if he has rea
son to believe that the same is under
stated.
No such increase shall be made ex
cept after due notice to such party
and upon proof of the amount under
stated.
In case of disagreement between
the collector and the taxable person
such person may submit the case
with papers and proof, to the com.
missioner of internal revenue.
Assessment
All persons shall be notified of the
amount for which they are respec'
lively liable on or before June Isl
of each year.
Neglected or False Returns
In case of neglect or refusal to
make returns, or in case of fraudu-
lent or false returns, upon the dis,
covery within three years after said
return is due, the commissioner OF
internal revenue shall make such re-
turn himself.
Time OF Payment
Said regular assessments shall be
paid on or before June 3Oth of each
year.
Assessments made by the commits
sioner of internal revenue are pay
able upon notification.
Penalty for Delay
On sums due and unpaid after
June goth and after ten days notice
and dom nd thnrnof h1y+
there shall be added 5 per cent to
the amount of one per cent per
month from the time the same be-
came due.
Exceptions as to Penalty
incomes from the estates of in
sane, deceased, or insolvent persons,
Collection at the Source
All persons, firms, companies, ETC.,
including lessees or mortgages Of
acting in any trust capacity, eXecu-
tors, ETC., employers and all officers
and employees of the United States
having control, receipt, custody, dis
posal or payment of interest, rent,
salaries, wages, premiums, annuities,
compensations, remuneration, emolu-
ments or other fixed, determinable
annual or periodical gains, profits
and income of another person, ex-
ceeding $4,000 for any taxable year,
who are required to make and render
a return in behalf of another, are
hereby authorized and required to de-
duct and withhold such normal tax
and pay it to the United States Off
cial authorized to receive the same.
Incomes from the dividends on the
capital stock or from net earnings of
a corporation, etc., subject to the
normal tax are not to be included in
the above.
Liable for Tax Withheld
Each of the persons, firms, etc,
above enum Grated are hereby made
personally liable for such tax
Benefit of Exemption
Where the income tax of a person
is paid at the source the benefit of
the SO, 600 exemption shall not be al
lowed unless there shall be filed not
less than thirty days prior to the day
on which the return is due with the
person or concern required to make
such payment of tax at the source a
notice in writing claiming the benefit
Of such exemption.
When taxable persons tax is
paid at the source, il he desires any
deduction for losses, expense of BUSH
ness, etc., he must file a claim, to-
gether with a return OF any other in
come upon which the tax is not with
held at the source, either with the
collector or with the person or cor
poration withholding his tax, as the
taxpayer may choose.
Individual incomes not exceeding
5000 per annum to be taxed at the
Incomes derived from interest on
bonds, mortgages, or other indebted
ness of corporations, joint stock COM
panies or assoe1a lions, insurance
Incomes composed of coupons,
checks, or bill of exchange for or in
part payment of interest or dividends
upon stock or obligations of foreign
corporations, etc, engaged in bust
ness in foreign countries.
Interest upon bonds of foreign
countries.
Foreign mortgages or like obliga-
ions not payable in the United
States.
General Provisions
No taxable person shall be released
rom liability for this tax.
When return is made and his
ak paid at the source no person
shall be required to make a return
himself unless he has other net in
:ome
Only one deduction of the $4,000
hall be made in case of any person.
Penalty for Failure
Any person, corporation, ETC.,
liable to make a return for a person.
Il tax. refusing or neglecting to make
UGH return, Shall be liable to a pen
lily of not less than $40 nor more
han $1,000.
The Family Cough Medicine.
In H. -