Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-01-06
LAID DOWN
FOR RETURN Of
INCOME TAX
Regulations Governing C0llec-
ton Of Revenue Under New
Law Promulgated by Treas
ury Department Officials,

washington Jan Al Hf tHfH Y
be used and regulations 20 be fol-
lowed by individuals 10 making re-
turns ~ .ncnme subject tn the nee
Income lax. were sent out yodat p
tile treasury department Every eits.
zen of the United states whether re
siding al home or abroad. every PEE
son residing IN the United states, and
every nonresident alien who has IN
come from United states investment
Of $4,000 or over. must make such
return
Returns must be in the hands %
the collector ~ informal revenue 20
che district whore the payee lives or
where he has his principal place Of
business not later than March J. faii
ure 10 observe this limit 20 DE pun
ishod with fines ranging from So
to $1,000
Refusal 0r neRnot ~ file returns,
except ln case ~ sickness ~ absence
iwin Result m an addition " fiity pr
cent t0 the tEg nasessed ln case q
false ~ fraudnient return 100 pes
cent win ~ added 20 the tax assessed
ana any person required to make
render. sign or verify such return
who makes false or fraudulent
statement wi.h intent 10 defeat OF
evade the tax WIN De guilty Of mis-
I0cmcanar ANA subject to fine II
ROT more than $1,000 or lmprison
ment Cor oao ycsr, or both
An extension OF thirty dais from
March j in case Of sickness OF alb
sence may he allowed by the proper
collector provided an application g
mnde by The individual concerned.
returns must be accompanied by oath
ioI affirmation
nor 1918 the specific exemptions
lwln ~ $4,000 or ss.33S.a3 ID the case
~ married person and III future
years 5000 and $1,000 Where the
tax has been withheld on part Of
the income az the source, or where
part OF the income comes rs dividends
/ nuon stock 81 corporation which Is
taxable under the corporation tax sec
iion ~ the law tine regulations set
forth that such income shall De de-
Quoted from the individuals total in
HfNEif MHtN fWNAfNAANH Nfi' tftft"+t'A 'fft
Witch he is taxable
The law imposes q tax Of one per
lcspt and provides that individuals
who have 90 income ovcr 100000 and
lnot more than $50. 200 shah PAS an
additional tax 81 one per cent on
lsueh an amount Oh all over 100000
lana not over gf5 000. two per cent en-
Ian over $4,000 and not oyer $780,
600. three per cent. ON 40 over Si4e,
400 and not over 2250.0o0. four per
cent. on 40 over s95o.0o0 ard not
lover $500. coo five per cent and all
over Ss0000o. six per cent
Expenses for medical attendance.
lstorc accounts. family supplies. wages
~ domestic servants. cost 81 board
room or house rent shall not be de-
ldufied from gross income and indi-
lriduals who own their own residences
cannot deduct the estimated value OF
, the rcnt
The farmer is requested 60 include
3 tin hls noi income all money from
lproduco ana animals sold for WOO
i land hides 0f siaughtered animals
. provided they arc sold Ne may de-
r duct The sums actually paid for tn
lanimals sold or slaughtered aHrlne
/, the year. bat Che value az animal
lraised shall not be deducted as *
neuses or loss The farmer also ma,
deduct money paid as expenses for
+ producing farm products live stock
( etc. and for repairE for the current
4 wear The cos, of tools on machinery
is dedueuhle hut to exceed in
f, value those replaced
Persons receiving fees 81 emolu
menis for professional or other ser
iNicos must Include all actual receipts
4 Tor services during the year. toeethe
with ail unpaid accounts eharaes fu
services or contingent income for tn
year 'if good and colleetlhle
Debts contracted within eurren
year may hc deducted from gross ln
! come when found worthless but no
before legal proceedings have proved
Iunavaihug Debts Contracted in pre-
vious years which eventually prov
worthless max Doe deducted snbstan
tall, under the head OF LOSSES. who
they are charged off,
Amounts duc or accrued To ind.
:. ifidual members 0f narmership iron
met earnings shall Dc Included in ID
:" return OF the individual whether dis
turhcd or NOT and United states pen
sious must Doe included as income rs
+. Umated advance of real estate vaiu
& is MOI required to Doe reported unles
f pitted as An aseet on tbe ndAldnal
T books Costs ol suits and other leaa
PROCEEDINGS areine cut of ordinar
business MAY he treated Is expens
and deducted from eross income al
= business in computing net incon
= compensation at nN officers and EN-
: ployes 81 u state or any political sui
division thereof shall be excludes
hut mot where paid hp the Unite
States
0otton-sccd Meal or Cake.
iN CHEAPEST Feed on the Market.
ak per hundred wounds ...z.. SCI
be- phcno Chloro Mite and Disease
ta DESTROYER. soc battles ...z 81