The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-13
MORE INSTRUCTIONS
ON THE INCOME TAX
Advice to Fiduciaries on the
Form of Returns to
Be Made.
MUST TELL GROSS INCOME
Description Of Various Kinds
of Receipts Required
From Trustees.

WASHINGTON, Jan. 1.-THE Treasury
Department made public to-day the form
of return on annual income to be made
by fiduciaries.
Tho form calls for the statement Of the
capacity in which the person Ming the
statement acts for the benefciaries OF
the estate or trust In question. State
ments are demanded Of eross income
total deductions and amount OF Income
paid or payable to benefciaries on which
the normal tax Of I per cent. has been
withheld.
A description Of the income IL required
to be given in the answers under the
following subheads.
81. Total amount derived from SAL
aries, wages or compensation for per-
sonal service. OF whatever kind and In
whatever form paid.
90 Total amount derived from profess
sions vocations, businesses. trade. COM
merce or sales or dealings In property.
whether real or personal, growing out
OF the ownership or use Of or interest In
real or personal property. Including bonds
stocks. &C.
"3. Total amount derived from rents
and from interest on notes. mortgages
and securities (other than reported In
items and 81.
-. Total amount Of gains and profits
4 0eTlNeu IRON UuShueSo
whether the same be divided and distrib-
uted or not.
"5. Total amount OF fixed and de-
terninable annual gains, profits and In
come derived from interest upon bonds
/ and mortgages or deeds OF trust or other
similar obligations OF corporations, Joint
stock companies or associations ana In
surance companies whether payable an
nually or at shorter or longer period.
Income From Foreign Securities.
IS. Total amount of income derived
from coupons. checks or bills OF exchange
for or In payment of interest upon bonds
issued in foreign countries and upon for
eign mortgages or like obligations mot
payable In the United States), and also
from coupons. checks or bills OF exchange
for or in payment OF any dividends upon
the stock or interest upon the obligations
of foreign corporations. associations or
insurance companies engaged In business
in foreign countries
! "7. Total amount OF income derived
from any source whatever not specified
or entered elsewhere on this page
Deductions are allowed an follows
81. The amount OF necessary expenses
actually paid in carrying on business, hut
not including business expenses or part
nersh,ps and not including personal, Nv.
Ing or family expenses.
-. Al interest paid within the year or
personal Indebtedness OF taxpayer.
20. All United States. State. county
school and municipal taxes paid within
the year mot including those assessed
against local benefits).
Losses by Accidents.
- Losses actually sustained during the
year incurred In trade or arising from
fires. storms or shipwreck and not COM
pensated for by insurance or otherwise
IS. Debts due which have been actually
ascertained to he worthless and which
have been charged on within the year
IS. Amount representing "A reasonable
allowance for the exhaustion. wear and
tear OF property arising out OF its use
or employment In the business. not to eS-
coed In the case OF mines per cent. o.
the gross value AT the mine OF the out.
put for the year for which the computa.
ton Is made. but no deduction shall Ia
made for any amount OF expense of re-
storing property or making good the ex.
haustlon thereof for which ar allowance
B is or mas been made.
~. Total amount Of income derived
from dividends on the stock or from the
net earnings OF corporations. joint stocl
companies associations or Insurance COM
pan!es subject TO like tax.
's. Amount OF income OF which N,
normal tax OF per cent. has been de-
Quoted and withheld at the source.
80. Total deductions"