The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-02-24
HEAVY PENALTY
TO INCOME TAX
Doubt How to Meet Requirements
But They Must Be Met

Mental energy has been expended in
prodigious quantities during the pass
few months In efforts To unravel the
intricacies Of the income tax law. Tho
provisions, requirements and meaning
of the measure nave been subjected to
rigorous examination by hundreds APP
prehensive of it's effects. out of the
ma2es of the bill and this voluminous
discussion. opinions as numerous and
varied as the individuals that have
puzzled over 1t have been advanced.
Everyone apparently has overlooked
the one fact concerning the law which
is plain and scarcely capable of mis-
constructions
However clouded may be the word
ing OF the provisions fixing the re.
quirements of the law, the section
providing penalty for failure to OBJ
serve it's requirements is plain. What
make the return by March L and TO
those who falsify their statements,
which is the provision which should
cause the most worry, is very clearly
set forth
The penalty fixed Dy law for failure
to make return by March l, is fine %
from $50 To $1,000. In addition to this
fine, refusal or neglect to make this
return within the required time means
that 80 per cent will be added to the
amount of the tax assessed. In case Of
fraudulent return or an attempt Il
evade the assessment by means OF
false statements, IA fine rot exceeding
50, 1000 or a prison sentence of on,
year may be imposed at the discre-
ton of the court.
Provisions of Law.
Under tho law every person, wheth
or marrier or single. whose net income
for the 10 months from March 81 t.
Dee 81, 1913, was $500 is required to
make return. All corporations alst
must make return the section of the
law granting an exemption of $4,000 to
corporations having been repealed
Corporations are required to make u
return covering "A period of - months
Debtors or Withholding agents are re-
uuired to make return cf such amounts
withheld monthly on OF before tho
goth OF rhe succeeding month
Printed upon the back of the return
blanks provided for the accommodate
| zion of those who may come under the
requirements of the law are several in
structions worthy of note by those
| whose incomes may cause them to feal
| the income tax collector.
| These instructions state that thu
| return must be made under oath arc
| provide that any officer authoriZet
TO administer Oaths may execute the
| return. Expenses for medical attend
ancc. store accounts. family supplies
wages of servants, cost of board. room
or house rent for family use may no
be deducted from the gross income
Persons receiving fees for profession
| I'll services must lntlutt an '''"'i ~
ceipts for services rendered durin'
the year, together with unpaid ac'
counts if good and collectible. Debt
contracted during the year may be de
Quoted from the gross income for tn
sad year if they have been proven b!
process Of law to be uncollcctible
Provision Regarding Farmer
Farmers must include all moneys do
rived from the sale Of produce an
animals and for the wool and hides %
animals slaughtered and shall deduc
from gross income the sums paid To
the purchase of animals sold %
slaughtered during the year In
farmer may deduct the amounts ac
uallv expended incident to the pr"
ducing of any stock or farm products
Compensation received by empioye
of any state or political SUBDIVISION
thereof may be deducted from tn
gross ircome. but salaries PAID EN-
Moves Of the United States must b
Included i'm the return. Pensions pan
by the United States must also u
| ;pciulp1