The Dawson news. (Dawson, Ga.) 1889-current, 1914-02-24
IMPORTANT INFORMATION AS TO
THE FEDERAL LAW AFFECT
ING ALL PEOPLE.
THE RETURN MUST BE MADE


1t Plain. Penalty For Failur
to Comply.
In view of the fact that the incom
tax law affects every citizen who's
income is more than SO, 900 as sin
gle man or $4,000 as married man
farmers, business people, retired cap
italists and wage earners, it is yer!
important that the provisions of the
federal act be we'll understood, a:
there is a penalty for all who are liza
BILE if they do not file their return
before March 1st
The following questions and an
sWers are made up by attorneys who
have studied the law, and are
strong explanation of what is requir-
ed. The News is publishing this in
formation for the benefit of its read
ers, and calls especial attention to
the fact that farmers are required by
the law to make return, and they
should study this information to the
end that they may ascertain if they
are affected by the federal act:
Q-When must | file a return?
Amy time after January l, but
not later than March /.
Q-What period must my first re-
turn under this law cover?
A-From March /, 1913, to De-
cember 81, 1918.
, Q~-Where can l Get forms of re-
turns?
AIT the office of the collector of
internal revenue for Georgia in At
Ianta.
O-Who must make a return?
b Avery person of lawful age
having a net income of $4,000 or over
for the taxable year must make a re-
turn to the collector of internal rev.
enue for the district in which such
person resides or has his principal
place of business.
If the normal one per cent tax has
been deducted at the source on all Oh
the income of an individual such in
diyidual need not file return unless
his income exceeds $4,000, in which
case he would be liable for the addi-
tional tax on individuals and must
make return therefor.
If an individual is liable for the
normal tax only and his income con-
sists entirely Of dividends on stock OF
corporations subject to the tax no
return is necessary.
Guardians, trustees and others
acting in a fiduciary capacity must
file an annual return if the annual in
terest of any beneficiary in the in
come exceeds $4,000, and also a list
return containing the name and ad-
dress of each beneficiary and the
share to which each is entitled.
Every corporation, except certain
trade, civic and charitable assocla-
tions, ETC., must also file return OF
income, irrespective of the amount
thereof. Corporations are liable only
for the normal tax of one per cent.
Off my net income is under So
600 must l file return?
A-No return is required If your
net income is under $4,000 and no
penalty arises for failure to file a
return. If married, however, see
question 8.
OFF my gross income is $500
but payments of taxes and interest
on mortgages aggregating $500 give
me a net income of $4,000, must
file a return?
A-NO.
OFF nv gross income is $4,000
but $500 of that income consists Of
dividends on stock of corporations
must l file return?
A-No.
Husband and Wife.
Q-When must married persons
living together file returns?
Al. If each has net income o.
$4,000 or over each must file a re
turn, or the husband may file a join
return.
2. If one has a net income of So,
600 or over and the other has ne
income of less than $4,000 the hus
band should file a return Of the join
incomes of both, Notwithstanding tht
fact that such incomes do not exceed
$4,000.
8. If each has a net income of less
tnan 5 ,UUU anu JueIF aggregate AC
incomes exceed $4,000 the husband
should file a return of the Joint in
comes.
4. If each has a net income Of lest
than $4,000 but their aggregate ne
incomes do not exceed 1900 no re
turn is required.
Note-In each instance a total de
duction of $4,000 only is allowed tc
be deducted from their aggregate net
incomes.
If husband and wife living togeth
er file separate returns the $4,000
exemption may be deducted by either
one, or may be apportioned between
them.
In case the husband or wife hal
@WW Is NATURES
- DiSinfectant.