New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-28
DAY MORE TO file
! INCOME RETURNS
Twenty four Hours OF
Grace Allowed to Tardy
Taxpayers.
OFFICE HERE OPEN
TILL 6P. M. MONDAY
Collector Anderson Throws Some
Light on Exemptions Per-
mitted by Law.

Through dispensation OF W. II. os-
born. commissioner Of Internal revenue
AZ Washington. the time for fling income
fax returns has been extended to Monday
ANY man or woman who does not lie
return by that time had better watch o"0
for the secret Service men VIII theh be'
lusy. Not only will they look LOT per
sons who have not filed returns. but Ut y
viii prv into the returns that nave oe'"
fled to sec II the makers have made
t,utbful statements Of their taxable IN
come.
Charles W. Anderson, collector Tor TINS
district will keep his Office In the Gus
tom House omen until o'clock tonight
and Monday. that those persons who have
tur off their fling until the last minute
may get in.
Mr. AuGcr.on was the busiest man IN
Now York Yesterday. but he managed 10
snare a few moments from the huge
stacks Of letters piled on his desk TO mana
ont a few nuggets of advice to those III
doubt as to what the income tax means
In the first place, Mr. Anderson sad
tho only persons who do not have to NE
returns OH hViNos "''
whose gross income for the ten months
from March ] 10 December 81 last year
did not exceed 1888. and single men
whose income for a like period did not
exceed $500 The reason the income IS
not taken further back than March is
because the law so provides, but a year
from now. of course, the entire years
income will be taken.
Every one else whose gross income for
the ten months exceeds the above ngures
will have t. file a return. even II they
have other exemptions. which they he
lieve will let them out Of the tax. When
the returns are all filed Mr.. Anderson
will send them to Washington. when
Commissioner Osborn will fix the amount
Of tax TO be collected He will notify
Mr. Anderson, who in turn will notify
the taxpayer The latter will Their have
until June 80 TO pay the tax. Nothing
but certified checks will be received by
Mr. Anderson. The taxpayer should I'M
derstand. however, that his check must
not accompany the return.
Married men must be careful in filing
their returns as their income is figured
Jointly with the wife's. For instance, If
a married man had an income Of 1888 for
the ten months from March l 10 De-
cember 81 he would have no tax to pay
unless his vile should have an income
also. If her income was say, 5000. il
has got to be added to that of the hug
band and tax paid on all that is not
exempted Furthermore, a married man
who does not live with his wife or con-
tribute to her support is classed as a
single man for income tax purposes.
In addition TO the exemption of $1,000
and $1,000 a year for single and married
men. respectively, there are other ex-
emptions which the business man may
justly claim when he files his return
For instance, he can deduct the taxes on
his real estate and the interest paid on
mortgage. lie may also deduct any bad
debts which must be uncollectibie-that
he may have accumulated in the ten
months referred 10. lie may also deduct
by insurance and a reasonable amount of
depreciation for wear and tear on his
business property. In addition he may
charge of all repairs made TO his prop
erty that are not additions and better
ments
Al taxes for the ten months referred to
will have TO be paid by the individual, the
only exception being those whose in
come for November and December ex-
cceded the exemptions allowed by the
government. In these cases the tax for
those two months will have to be paid at
the source Next year all the tax will be
deducted at the source when possible.
Collector Anderson refused Yesterday 10
estimate the number Of persons who will
pay the tax I'm this city. declaring it.
would be only guesswork. lie said a
large number OF blanks claiming eXemp-
tons had been sent to him unsigneds