The Anderson daily intelligencer. [volume] (Anderson, S.C.) 1914-1915, 1914-01-14
HOW INCOME TAX
HAS TO BE PAID
Form l,O4O Must 30 Filled DUi
and FlIgd BY March 1.
ELABORATE INSTRUCTIONS.

United states Treasury Department.
Furnishes Informatien In Computing
incomes end Making che Deductions
Which che Law AIlows--WarnS of
Penalties.
The long heralded blank form to be
used by individuals required by tine
new income tax law to make an an
nuai return OF their net annual income
has been issued Mt the treasury depart
Ment. IL is known as form l.040 and
must be used in accordance with ''lp-
structlons." The latter follows:
l. This return shall be, made by every
citizen OF the United Stntes. whether re-
siding at home or abroad. and by every
person residing in tina United States.
though not n citizen thereof. having net
income of 5000 or over for the taxable
year and also by every nonresident sailen
deriving income from property nwnad and
business. trade or profession carried on in
the United States by him.
z When an Individual. by reason of. mi
nority. sickness or other disability or. alb
Betcs from the United States. Is unable
70 make his own return IL may be made
for him by his duly authorized repre-
sentative. 80
= The normal tax OF I per cent shall be
ussessed.en The total net income. less tho
specific exemption OF 5000 or $1,000. as the
case may be. (eor the year 1913 the spc-
ellie exemption allowable 81 $500 or S3,-
3S332 as the care may be.1 If however,
the normal tax has been deducted and
withheld on any part OF the income at the
source or " any part OF the income is
received as dividends upon the stock or
from @ t.te .:.ts .::.t EARNINGS OF any corporation.
ETC.. which 10 taxable upon its net income
such income shall be deducted from the
indlyiduais total net income Tor the pur-
pose of calculating the amount OF income
on which the Individual IL liable for the
normat tax OF per cent by virtue OF thir
return.
4 Tho additional or super tax shall be
calculated as stated !
s. This return shall be died with the
collector os internal reyenu. for the dis
trict In which the indiyiduii resides II no
has no other place of bdS.nets. otherwise
in the district where he hns personal place
of business; or in case tho person resides
IN foreign country, then with the col
lector for the district in which his per-
scnai business Is carried on in the United
States. ~ iu{i5f ~ ityofiif u
q This return must be ..lioa on tqr befors
tho lst day cs AA..srsiii icceeaipE Ibe .riose
of the calendar year for which return y,
made. HaS 5tlh ~ ~ issi = s-ss,t !
4. Tne peh.,ty for failure to ME the re-
turn within the time spsrified by law Il
so to 81, 900 In case ef refssai or neglect
10 render the return VI thin he requifed
time Gexcept in caEss af SIci aeSs or abb
Eencel so per cent shnil be Rdfie, 70 amount
OF tax assessed In csse or .fsis or fraud-
ulens return 100 per GENT shall he added
TO such tax. and nyss . e,spn eqhised by
law to make. render 81 fSl OF Sarify any
return who makes any, FALSE OF eraudn-
ae..l :.
defent or. eYade the ssassmels, required
- t.s;s =essaaoil 10 be made shall be guilty
OF q misdetneanor and shall Be fined not
exceeding 5000 or he Imprisoned NOT eS-
ceedinE one yeat or t3tsi; as the ilscfe-
ticr of the cobrI, with the cost or Ffos-
ecution -.