The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-01-06
They Must Rsseh "a cslIsular
BY First Of MafcI ssa~'.
Te Mako Returns Cent
II Added t. Hax
Extsnsion Of Time; u Gees Of
Sickness or Absen6e. 6

individuals in making returns OF In
come subject to the new federal in
come tar are being sent out by tho
treasury department. Every citizen Of
the United States whether residing at
home or abroad, every person residing
In the United States and, every non-
resident alien who has income from
United States Investments OF $4,000 or
over. must make such returns.
For the past year 1913 the specific
assumptions will be $2.500 or $S,S3S.32 In
the case Of married person and in
future years 5000 and $4,000 Where
the tau has been withheld on part OF
the income at the source. or where part
Of the income comes ~ dividends upon
stock OF Q corporation. viii. \ il taxable
uRdey the corporation tag section OF the
tnceme shall be deducted from the in
0ivi4uaia total income when coniput-
Ing the amount on which IL taxable.
Tho laW imposes a tAx or I per cent
a1d provides that individuals who
have an income Of $4,000 and not more
than $eAooe shall pay an additional
tAx AZ per cent ON all such amounts
and over $4,000 and not over $4,000.
: PER cent. and all over $4,000 and not
over 3l0e.00e. 3 per cent; all over >10.-
80 and not over @7B0 100. 4 per cent;
Al over 4160,O00 and not over $500. 900
Per cent. and all over $780, 900. q per
cent. Returns must be In the hands
OF the collector Of internal revenue in
the district where the payee lives or
whore he has his principal place Of
business. not later than March ]. failure
to observe this time limit to he pun
1shed with fines ranging from $40 to
$1,000.
Penalty for Refusal.
Refusal or NEGLECT to file returns ex-
espt in case Of sickness or absence win
result In addition Of 80 per cent to the
tax aasessed. In case Of false or fraud
ulent return. 100 per cent will be added
to the tax asYeased and any persons
required to make, render. sign or verify
such return who makes q false or
1raudule-t statement with intent to de-
feat or evade the tax. viii be guilty Of
snisdemeanor and subject to a fine
OF not more than $4,000 or tmprison-
ment for one year or both.
An extension of thirty days from
March l, in case of sickness or abb
Dence. may be allowed by the proper
collector provided an application Is
made by the individual concerned. Re-
turns may be accompanied by oath or
aurmatton. Expenses for medical at
tendance, store accounts families
supplies. wages Of domestic servants,
cost OF board, room or house rent shall
not be deducted from gross income
and individuals who own their own
residences cannot deduce the estimat-
ed value Of the rent. The farmer is
required to include in his net income
Al money from produce and animals
sold. for wool and hides. of slaugh-
tered animals. provided they are sold.
He may deduct tho sums actually paid
for the animals sold or slaughtered
during the year, hut the value Of ami
mails raised shall not be deducted as
expenses or loss. The farmer also
may deduct money paid az expenses
stock. etc.. and for repairs for the cur
rent year. The cost of tools or ma
chinery IL deductabie, but not to ex-
coed In value those replaced.
Fees and Em0luments.
Persons receiving fees or emolu-
ments for professional or other serv-
Ices must include all actual receipts
for services during the year, together
with all unpaid accounts, charges fol
service or contingent incomes for the
year, 'if good and collectible.''
Debts contracted within q current
year may be deducted from gross in
come when found worthless, but not
before legal proceedings have proven
unavailing. Debts contracted in pre-
vious years, which eventually prove
worthless. may be deducted, substan.
TALLY under the head of losses wher
they arc charged Of.
The amounts due or accrued to in.
dividual members of a partnershiI
from net earnings shall be included IL
the return Of the individual. whether
distributed OF not and United States
pensions must be included as income
Estimated advance Of real estate valu,
IL not required to be reported unles,
placed az an asset on the Individual.
books. Costs OF suits and other lega
proceedings arising out of ordinar,
business may be treated as expens.
and deducted from gross income of {
business in computing net income
compensation OF all officers and EN-
p1oyees OF state or any political sub
division thereof shall he excluded, Su
not whore paid by the United States
lAf0a1fM IN fnnHlr