Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1913-11-28


be collected either directly from the tax
payer or through the employer. agent
trustee or other person having control OF
his income. The latter method is termed
collection at the source
Corporations Subject to the Tax.
Q.-What corpora lions are subject to the
tax? A.-Every corporation. joint stock
company or association and every insur-
ance company organized In the United
States is subject to tax OF l per cent
upon its net income. and every foreign
corporation is subject to tax upon its
net income from business transacted OF
capital invested within the United States
Q.-Are any concerns exempt? Ayes
Agricultural organizations. mutual saw
ings banks. fraternal beneficiary socies
ties. building loan associations. cemetery
companies and religious. charitable, scien-
tifc and educational corporations. bust
ness leagues. boards Of trade and civic or
CARNATIONS are not subject to the tax.
They are clearly defined In the law. So
that other corporations may not use these
exceptions as a lOophole
Tax Returns.
Q.-What individuals are required To
make tax returns? A.-Every person OF
lawful age subject to the tax having a net
income Of $1,000 or over for the taxable
year. In addition. all guardians. trustees.
executors, administrators, agents, receiv-
ers and conservators must make tax re-
turn for the person for whom they act.
Q.-Suppose there are two or more
guardians. trustees. executors. etc. must
each make a return? A.-No: return
made by any one Is sufficient.
Q.-Are there any individuals who need
not make tax return? A.-Persons hav-
ing net incomes not exceeding $1,000. per
sons for whom the return is made by an
employer or by guardian. trustee ex-
ecutor. etc. and who have no other in
come and persons whose income Is de-
rived solely from dividends on stock in
corporations which pay tax and whose net
income does not exceed $4,000.
Q.-Does a copartnership have to file a
return? A.-No: only II required by the
commissioner or collector: each partner
must make an individual return.
Q.-What corporations must make re-
turns? A.-All corporations subject to the
tax.
Q.-When must the return be filed? A.
individuals and corporations must file the
return on or before March /.
Q.-For what period is the tax levied "
A.--For the calendar year. except in 1913
when 1t Is levied from March l, 1918. only
year which does not correspond with the
calendar year: must 1t make its return for
the calendar or for its fiscal year? A.
The tax is levied and the return must b-
filed for the calendar year. but the corpo-
ra ton may designate and use the last day
of any month as the day for closing its
fiscal year. provided It gives thirty days
notice to the district collector The tax IL
then levied for the fiscal year. and the re-
turn must be filed within sixty days after
the close Of the fiscal year and the tax
paid within l20 days after the close Of the
fiscal year.
Q.-Where must the return be filed? A.
An individual must file the return where
he resides or has his principal place OF
business: a corporation or nonresident
must file where the principal place OF
business is located. and the trustee. guard
ian. executor. etc.. must file the return
where he resides or where the instrument
under which he acts is recorded
Q.-What must the return contain? A.
The gross income and certain deductions