The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-17

"osrderS--ssvinRs Bank Deposits.
E-M. NJ. The income tax and complia nee
With Its provisions have aroused so much
3 " .nn, partieula.ly among people who
ont who because OF the laws many vagarIc.
eoncree III sT hand yS S hhsrssih
i, n., m'ak,ng the return that applies to some
employees. boards the men as part Of The
maEe or compensation. His family lives
accounts; &C. How ia he to comply with
Income tax blank? "s ''s' u VI Inv
| butcher similarly situated unmarried.
pensa,on he eats from ine the wS same or ,s sS
Instructions Ne ks. horse and au,omo % e.
but all supplies are used from one source.
How L. he TO report7
| t?) Are deposits In saving. banks TO be
| used In computing gross income?
| Answer-G) In making their returns
| the baker and butcher should estimate as
accurately as possible the expenses OF
boarding their employees. This they may
! deduct from their gross Income as bust
/ ness expenses.
t?) The interest on savings bank de-
posts which has accrued and which IL
due and payable within the taxable year
| should be ipcluded In the income return.
Accrued Interest.
,sME a .,S C. Tour action In snswerins
| ish,fully public spirited as many other
ssr. S..s says tina male curing my ,ory
U v:ry SHARP , eon,ras. Win The d,'c,aeeful
S.w york once to ask an few ; sv questions
and the clerks reply was. We are here
/ "a n nal n % In - 80 n n
Form 1910 as best i could and sent tina, to
! Washington, with n detailed letter express
! Ing my mental question marks and asking
u ;hst wa. correct: That was month ago
ely Tor a while. ana trusting g III. proo:
r.e.is.d no Reply. TUE sss WI now save
bank AND %f ssv. ara%n nss Hs s's.
1es scP 1873 ' up e % bss.Iaesf H. DO aiii
they allowed after December 3i7
! o?) Where I received from my own in;
he company paws It's corporate tar. should
/ enter that as income and deduct as hav,,
mag been so rR sia Sy OF !, at a "
| Answer-U only accrued interest
which was due and payable within the
1913 taxable period should be Included In
the 1913 return.
ca No mention need be made Of It AZ
! all on the return.
Net IncOme.
! so, /. Ny mother has an income Of
ss ,Jc Tor the nss RIO
, lsi3. Must she Me a report?
| Answer--No.
| Corporations.
oo-s 7. a. Is corporation compelled
10 make a return II Its gross income Is less
'" q, ' Il bond ID coupon. have been deposited
s msg S.S aS nd Zap or
| person or persons husband and wifeD de-
wSss'nE , .a.h proper TopsG" method Of
for the income Of said bonds ana Tor eeaue'
IS Must person ascertain whether n.
maker Of the bond .tthe obligorl has agreed
all ssss and S ssns, s soy mi sSeh
"1tte Where an agent receives rent. in
year 1918 must person In orde, TO receive receive
benefit Q, dsdpc'iSn and and, exemption , slsn.l
notice ia writing in order to obtain the
ABDUCTION in the a iS;s5 or Feh'' aeeF''"S
Answer-tD Yes. All Corporations
must make return. ,n,o
Ial NV properly filling out form 1000
the regular return required to be filed on
or before March /, 1914. by INDIVIDUALS
II exemption has been claimed on all
coupons then the total amount shoulu ce
| entered on line 6. In column i, page z,
FORM 10tO, and there will be no deductions
on page /, line 9.
| (O II exemption was claimed on
coupons due since November /, 1915
| where the corporation has agreed to pay
the tax, no tax will be paid by the cor
| noration and the amount OF such coupons
cannot be deducted on page /. line 8.
I Corporations were not required to with
hold any tax prior to November !. 1913.
and therefore all coupons cashed PRIOR 10
November /, 1913. cannot be deducted
The only income received from coupons
j which can be deducted on line g. page !.
OF form 1910 are those which have been
cashed since November !. 1918. and on
which exemption has not been claimed.
| (4) Whenever in any year the amount
| aggregates $4,000 n certificate of ex-
emption should be hled with the agent.
sl--J. J. w. I have received by mail 9
Il schedule for income tax probably because
choosr to pay a personal tax on $500 OF
tools with which earn ss,w my ''y'hs s SSs
'l0v cannot see any spaces in which to- MI
must tand howl MI out this schedule and
return I! under the circumstances or what
| must do
Answer--It Is not necessary for YOU TO
make "A return. for your Income IL less
than $4,000 per annum.
D~ductions.
ss-J. r. am commercial traveller
Whose salary e. ~tss na .1.s. G msn
III have q widowed mother and single siste