St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1914-01-10
SEND OUT BLANKS FOR INCOME
TAXES.
Al With Revenues Over 5000
Must Make Returns Before
March 1 or Bo Fined.


Washington. Jan. 5.-The form tt
be used and regulations to be follow.
ID BY individuals in making returns
of income subject to the new Fedora
income tax were sent out today by
the Treasury Department. Every
citizen Of the United States, whether
residing 1T home or abroad; every
person residing in the United States
and every nonresident alien who has
income from United States invest
ments Of $4,000 or more must make
return.
For the past year, 1913. specific
exemptions will be $500. OF
$3,333.33 in the case of q married
person, and in future years $4,000
and $4,000. Where the tax has been
withheld ~ part of the income source
or where part of the income comes
- dividends upon stock Of corpora
ton, taxable under the corporation
tar section OF the law, the regulations
ct forth that such income shall b.
deducted from the individuals total
net income whom computing the
amount on which he Is taxable.
The law imposes q tax Of per
cont and provides that individuals
who have an income between $780,
900 and $4,000 shall pay an addi-
tion9l t. xof per cent on such
amount; ON al between $4,000 an(
$4,000, per cont; $4,000 an6
100000, 3 per cent; 100000 and
$4,000, 4 per cent; $250,000 and
100000, per cent. and all over
$500, 900, 6 per cent.
Returns must be in the hands Of
the collector Of internal revenue II
the district where the payee lives o.
where he has his principal place O.
business not later than March 1, fail
ufe to observe this limit to be pun
ished with fines ranging from $2f
to $1,000.
Refusal or neglect to nle returns
except IN case Of sickness or absence
will result in m addition Of 50 pc,
cent to the tax assessed. In case o
false or fraudulent return 100 pc,
cent will be added to the tax assess
Cd, And any persons required to maxi
who makes . false or fraudulent
statement with intent to defeat 0,
evade the tax. will be guilty Of T
misdemeanor and subject to q fne
Of not more than $4,000 or impris
onment for one year, or both.
An extension d thirty days from
March ] In case Of sickness or ab
sence may be allowed by the prope,
collector. provided an application I,
made BY tho individual concerned
Returns must be accompanied by
oath or Affirmation.
Expenses for medical attendance
store accounts. family supplies, wag
- OF domestic servants, cost Of board
room or rouse rent shall not be de
Quoted from gross income. and ind.
viduals who own their own residenc
% cannot deduct the estimated value
Of the rent.
Tho farmer 10 required to include
IN hi net income all money from
produce and animals sold, for VOC
and hides Of slaughtered animals
provided they are SOLD. He may de.
Duct the sums actually paid for thu
animals. sold or slaughtered durinf
the year. but the value Of animals
raised shall not be deducted as OK
penses or loss. The farmer also ma,
deduct money paid 40 expenses 70,
producing farm products, live stock
etc.. and for repairs for the curren'
year. me cost OF tools or machinery
uoouctlple.
Persons receiving fees or emolu-
ments for professional or other serv.
Ices must include al actual receipts
Or services during the year, together
wtl ~ unpsia accounts charges Tor
seIv'cev Or CONTINGENT income for the
Uootn contracted within 4 curranf