The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-24
Alinsny.

morning. II
Alimeny.
daily In TuE SUI answers to Inquiries made
20 you concerning various questions arising
be greatly obliged IL YOU would print an
sasSeE TO the following question;
drorS. sSi; .axase as ine a,Sis srSns, IL ii.
N!fe and does II give the husband ne right
20 I Sc, Of ,hs' Am smonni as against his In.
Re III. same X the ahmony instead OF being
awarded b. the court were provided for sy
form OF provision In Neu OF alimony)?
AnsweT--Ne should think that nli-
nony would be considered as income Of
the wife. We do not think that IL IL an
allowable deduction from the income Of
the husband, but there have been 10 rul-
inss covering this point and II would be
we'll 20 take the matter up with the coll
leetor Of your district.
Return for Deceased Trustee.
,,a:,.. died .p,.mssS ,s,s prior to IT.
!ncOme received by him from the trust
M sT.ss and Psid to the ssnenci ,S ,roiH
trust estate has not yet been turned over
TO, new trustee and no income has been
Is. trustee. Executors Of the deceased
trustee have been appointed.
~ Who should make the return7
r) should the return cover the period
rem March ! TO peeemner 81: 1918, or
a, No cer;iacSte Of e.empt,on has been
si.i By the beneficiary: Is the taa to he
,hhe!d and paid at the source II 10. by
whom and on what part OF the income?
Answer-I) The executors OF the de-
ceased trustee should make the return.
t:) It would cover the period from
March to the date Of the death OF the
trustee.
80 No tax was required to be with
held prior to November I, 1913. and
therefore no certificate Of exemption was
necessary. Whenever further payments
are made to the beneficiary the Ia,
should be withheld tby the new trustee o.
b. the executors OF the deceased trustee
II any amounts are paid by them to the
hene'iciary) when such payments amour,
10 $1,000 or over unless the beneficiary
files a certificate of exemption; then
exemption.
Partnerships.
ST.. d. Kindly let me know in the
y Il 10 proper for mo when making nay
,neom. tax blank TO pu, in all receive
ION pu, In all my expenscs--I paid for
I-oyi'ions and help and partn.rship-.o,,
eLdl put III the net income bhIy anu
deduc, wha, l pay TO my partner?
Answer-If your business is carried or
~ partnership you only have 20 include
in your return the income that you per.
sonally receive from the business.
Net I.come Less Than $4,000.
- =. Ny gross income .s.ssp,
::sssr i j va: va: .:.sisss ts,sr H aaaAlas %$:
;,i;ai cs the net income i.xcep, dlvidendsl
co-rc..t,ons subject s' I" IA. " was ,i..ss
D. need TO make AZ '' any return wAas.e
Answer-No return IL necessary II you
deductions are all proper ones. Returns
are only necessary on net incomes lex
elusive Of dividends and interest on mum
cipal and State obligations) OF 81, 500 o
over for tho 1913 taxable period.
Superior.
,.s-L. H.. Please inform IN. whethe
Pr surtax for the fractional year 49,
begins after my income has reaches
Cssssss or after II has reached $4,000?
Answer-After 1t has reached $4,000
Two Family House.
's7--A. A. II. Would the following p'
correct return for two family house
tIe owner occupying one part Of same
the Income from the rented portion amount
The expenses. consisting OF interest oil
aud appreciation. amount to s25o. Woui,
y be eorrec. Go make return OF $50 u
o'e net income?
Answer-Ths entire amount of interes
AID taxes are allowable deductions, bu
you should deduct only that portion @
the water tay. repairs. &c, which appl
- the rented portion OF your house.
Rented Property.
2?s-w. H. H. Would tho following b
", correct net income from nat house !
ra!ch the owner does not reside and whtc
|, sros, income Of 81. 200. Due 20 vaeansie
lhe expenses consisting Of interest o
mortgage interest on loans which wer
estate tax. water tax fire Insurance broker
,.-s plumbers. carpenters, and decorator
Would 1t be correct to say that tho ne
'Heome from the property was 800?
AusXer-You should include In you
due and payable within the taxable yea
Tho rent value Of vacant fats should M
he Included. All necessary expenses
connection with renting tho property al
allowable deductions. although no dedu,
Ton is allowable for any amount pal
out Tor permanent improvements or be
termcnts made TO Increase the value {
THO property. A reasonable amount Il
depreciation can also be deducted An
real estate man can tell whether or M
D per cent. Is reasonable amount O
your property.
Dedacttoas o. Farm Property.
2-s-E W. d. VIII you kindly snlighte
re US regards tho two following question
~ own . farm on Long Island COZ
NH'ng Of over hundred acres on whic
..e'e arc nve houses. besides barns. an
. my residence: the others are occupied i
20 foqemen VI the dinerent department
~ ths farm. ] am engaged, regularly
LN.lnsss IN New York city. Tho farm H. M
th-suporting, tho produce. principally Ia.
ne'ng the only product sold. From Monds
Y Saturday each week reside IN Now Yor
49,, Am ! entitled to any reduction
INCOME tax on account Of the loss Of taxes