The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-02-06
To a Number of Business Men
Who See Him in the Local
POStoffice Building.

A. = Wilkinson, Of Huntington, me-
come tax agent for West Virginia
spent Friday at the postothce here.
and held conferences with many
Clarksburg men who are interested
In the provisions of.the new law. Mr.
Wilkinson has been visiting the more.
important centers of the state, and has
been endeavoring to acquaint people
generally with the provisions OF the
federal statute. There seems to be
little general knowledge of the de-
tails of its enforcement Mr.. Wilkin-
son explained some of the more im-'
portant provisions Of the law. He said:
Every citizen of the United States,
living In the United States or abroad
and every alien living in the United
States, man or woman, married or
single, having a net income from all
Sources In excess of $4,000 for the
last ten months of the year 1918, is
required to make a report TO the gov
eminent before March 1 next This
report must be mailed to the collector
of Internal revenue at Parkersburg,
w Va, and can not be mailed to Wash
ington.
Hereafter, the report will be for
a full year, and all who have more
than $4,000 net income from all
sources, must report before the first
H.
report may be obtained from the COLI
lector of internal revenue at Park
ersburg. The fact that the blanks
are not received without making ap-
plication for them is no excuse, The
penalty for failure to make the re-
turn Is fine of not less than $40
nor more than $1,000. The PENALTY
for making fraudulent return is
fine not exceeding $4,000 or years
imprisonment. or both In ADDITION
to this, failure to make return adds
fifty per cent to the tax, and making
cent.
lMn determining the net income.
the following deductions are allowed:
'First-All expenses necessarily IN
CURED in conducting the business
which produces the income, but not
including any living, personal, or
family expenses.
t'Second-AII taxes paid within the
year. national, state, county or dis
ssThird--4All interest accrued dur
ing the year ON any outstanding IN
.debtedness of the Taxpayer.
ssFourth-iAny loss sustained dur
ing the year in trade. or by fire, snip
wreck or storm, not covered by IN
surance or otherwise. -
E1IDf1--7k41ly OsSS .SLlSALs@tAACNA ~
debts contracted during the year
and actually charged OF the books,
but no such debts are allowed to pc
charged of and deducted unless the
person owing is clearly insolFent, o.
due effort Has been made to collect
Them iSy Bfbcess of law.
: Sixth IA reasonable amount TOT
deprec.atson on5aceount Of wear ana
tear OF property, provided such de-
probation has not been restored py
repairs. and the cost of these repairs
Included in the first deduction named
above. No deduction will be aIlowsu
on the cost of improvements, betteE-
ments or additions to property.
s4Sevnth-All income of the tax
MAYER lIpon which the tax has been
paid. or withheld for payment, at
the source - -
ssEighth44The sum of So, QUO TOT
q single man or woman, or the sum
of 81 900 in the case of married peo-
pie living together.
ssAll of the above deductions are
annual. and for the first report, the
deduction win be but five-sixths, the the
law being eRective only since tine
first of March, last.
IF a husband and wife each have