The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1914-01-16
ING0ME TAX
Provisions are Explained by the
United States Commissioners
Of Internal Revenue.

w. II. Osborn. commissioner of in
ternal revenue OF the United states,
has sent uot the folliwing b7lef eS-i
PLANTATION of the income tax with the
approval of w. E McAdco, secretary
of the United States treasury:
General Provisions.
Under the provisions of the federal
income tax law, approved October 3,
1918. every citizen of the United States,
whether residing at home or abroad,
and every person residing in the
United States, though not citizen
thereof. who has an annual net m
come from all sources in excess OF
So 900, is required to make return
of annual net income to the collector
of internal revenue of the collection
district in which such person resides
or has his principal place of business;
and such person Will be required to
pay a normal tax of one per cent on
such entire net income over and above
person is unmarried or is married ana
living with wife or husband.
Persons having an annual net In
come in excess or $50, 600 will also be
subject to additional or surtax at In
creasing rates, graduated accordingly
as the net income exceeds certain
amounts specified in the act.
On or before March i, 1914, and on
or before March OF each year there
after, a true and accurate return un-
! der oath or affirmation shall be made
| for himself or herself by each and
every person above described whose
annual net income is IN excess OF
| So, 600; and by each agent, guardian
! illegal or naturaD. trustee and execue
4 tor for the person or beneficiary for
whom they act, provided the net In
/ come of such person or beneficiary IS
] In excess OF $4,000.
/ The return thus made shall set out
1 specifically the gross income arising
or accruing to such person from all
i sources during the year, and from
such gross income there may be de-
! Quoted the items of expenses an
/ other allowances authorized by the act
and provided for in the blank forms
prescribed by the treasury department.
/ for the use of individuals In making
their returns
Penalties for Failure to Make Returns
Any person, liable under the law
to make return, who fails to make
such return within the prescribed
4 time. shall be subject to penalty nj
not less than $40 nor more than $1,000.
An additional tax of fifty per cent up
on the amount of the tax assessed on
the basis of the net income of such
person shall also be assessed against
said taxpayer
Any person who makes false
i or fraudulent return or statement
4 with intent to defeat or evade the
tax shall be fined not exceeding
4 $1,000 or be imprisoned not ex-
! ceeding one year, or both, with
/, costs of prosecution
H Where Blank Forms May Be Used.
Il The government has, for the pur-
poses of uniformity, prescribed blank
forms to be used by individuals,
agents, guardians. ETC., in making re-
The obligation OF securing blank
forms in time to make their returns
on or before March is placed upon
/, all individuals who may be subject
to the tax.
Therefore, every person whose an
4 nual net income is DIN excess of 50 600
should make application at once to
the collector of internal revenue OF
the collection district in which such
person resides or has hts principal
place of business for the necessary
blank forms
Neglect to apply for and secure the
prescribed form will not relieve tax
able person from tha penalty imposed
by the act for delinquent fling Of the
Regnircments OF !he Law As to Corr
porati0ns.
The normal tax OF one per cent inn
posed upon individuals is also linz
posed upon corporations, joint-stock
companies or associations, and insur
ance companies, the tax against SUCH
organizations being one per cent OF
their entire net income received from
all sources during the year for which
the return Is made. Every corpora
ton, joint-stoc5 company or assocta-
ton, and every insurance company.
not specifically enumerated in the
act as exempt. is required to make a
net income which it may have had.
Corporations should make applica-
u ton Tor such forms IN the came mans
4er a. individuals are directed to de.