The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-23

IL he TO be penauzed TO the srteot 2. nsv.nS
otherwtse be e1emptf
Answer-rhs supertax would b per
cent. on s3.500. This has nothing to do
with the normal tax. IL cannot be said
that the man is penalized. for he Is al
lowed the exemption In connection with
the normal tax.
I have less than o. 500 and As trustee
for another person I also have iess than
are more than 500 Nus. make .
Answer-No.
DiviAeaas-Intepes
AIS: H. osnss me kindly with the
a. Ny income. ..eiu.,v. Of atv.d.nas saA
Flung schedule in form 1910. must include
on railroad bonds7
as When railroads. obligated themselves
to pay All taxes on coupons o. their bond:
To-. i.ii Am liable and ma:; 1 !. dtf ~:
.d ny income from ATT source. being
coupons tor collection ia my bank for 1911.
By r!lins out the esrtineA.e which m.s
+. .. the s.neSt Of ~ dsiuetion Of -
Answer-G You should include cou-
rons, but 1t Is NOT necessary TO report
dividends.
CD You are liable for the TAX on all
coupons paid prior to November 1. 1919.
for no corporations were required TO
withhold the tax until that time. You
should therefore enter all such coupons In
Column Il, page 2. Form 1919. Coupons
paid In November and D~cember. 1913.
should be entered In Column A the
corporation agrees to pay the tax.
(3) You should have the certificate read
- a. - a.. II 49, AsE
the corporation does not agree 20 pay
the tax and II do not claim" &c. when
the corporation does agree TO pay the
tax
Returns Of Trustees.
in 't sh.ls. '.i sson :, s'a ~
was from dividends and the balance %
S2.sso from bonds. most Of which are tax
returnr
Answer-It Is necessary for you TO file
. return II any beneficiary received. ex-
elusive OF dividends. $500 or over for
the ten months Of 1913
Corporations.
.;i'-c. = q In item ca Form 70.
ana ps oissr in9sS,eanss. no, sSee.GnS one.
half ~ the Of It's Interest bearing In
pe.s ,h.s mean snn oa.h.f also ~ II. pi,l
stock or all OF the capital stock to be added
70 oue-haf OF the interest bearing indebted
"a Are IRE and liability Insurance pre-
miuns deiuc'ibls under item tslr
Answer-D II means tho interest
bearing Indebtedness plus the paid up
capital stock divided by ,.
CD Yes.
Insurance Premtu~ss.
by savings bank on account mortgage on my
house which l occupy. Can the premium
Insurance premium on ones household eff
Answer-No.
Pvoat % Real Estate.
Ats e r. Op VIII you kindly let m:
will have 10 Me an income tax report,
Sa.s ,s axe Sa hf.s y..T. ;aSo ayas me
a profit % 81, 100.
I own consid.rable unimproved real estate
and above is the oaiy sale made last year.
| have no other !neom.
az As understand It one can. deduct
,aI.s, but no, assessments on all real estate
Is this correct
Ans~er-D II you have no other in
come you would not be required to make
| report. II you had other income 30
! that Il we're necessary for you to file q
! return you would only have to include
that portion OF the profit on your sale
OF land that accrued in the 1919 taxable
period, figured on the assumption that
the increase IN the value or the land was
constant between the time Of purchase
and sale.
| (2) This is correct.
where to File Returns.
?is-H W. W Ny home is In New Jer-
! sey, also my private bank account Al my
coupons, &C. go through thts Nes Jersey
Trust Company, have no business what
ever In New Jersey, my only place OF bust
ness being in Nep York city,
{ May Ask II can h- my return In New
! Jersey
Answer-You can file your return either
| in New Jersey or in New York.
County Empioyees-Erem ptioas.
2is-B A. j VIII you kindly answer the
following:
| ~ I am an unmarried man receiving a
salary 81 $4,000 per annun from one Of the
county departments I also have income
from PEAL estate and savings bank lnteres,
amounting to about =. 900 DO have TO
file return ana claim the exemption
! ~ ~ my Income from zeal estate and
I savings banks exceed ed ~ 900 claim the
/ exemption Of salary and the exemption Of
~. 900 allowed unmarried man also. do
/ | not7
Ansuer-N You do not have to Ale q
return.
12) Yes.
/ Withholding the TsI On Interest.
al7--F y. ?. am administrator of an
estate. Am required 20 withhold the nor
nal tar at tn. source from interest to a
MORTGAGE when such interest In Q taxable