The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1915-01-29
REVENUE Collector
CRAIG GIVES ORDERS
ABOUT INCOME TAX
ONE PER CENT HAS TO BE PAID
BY ALL WITH INCOMES
OVER $4,000
REPORT MUST Be FILED MARCH
PENALTY Will Accrue Unless Report
IS Filed With Collector by That
Time-Exemptions Are Granted In
Some Cases by Government

Ho, all We plutocrats and amassers
OF the coin of the realm in great
quantities, give ear to the warning.
which has just been issued by E. B.
Craig, collector Of internal revenue
for Tennessee.
All those who desire to claim ex-
emptions or deductions had better
get busy and file their claims with
DIR. Craig before January 20. 1915.
All those who have net incomes Of
$4,000 or more in this county have
until March l, 1915, to file their re.
ports with the collector in the GUS
tom house at Nashville. However. he
advises all who have an annual sti-
pend OF this amount or more to at
tend to their report at once, SO that
all errors and penalties may be avoid
ed.
The letter of Mr.. Craig to Arch w.
1pscomb, county court clerk, is as
follows:
Each individual who has a net in.
come of $4,000 or more, and every,
corporation, regardless of amount of
income, except those specifically
named in the law as exempt, are re-
quired to file their reports for 1914,
with E. B. Craig, collector of inter
nal revenue, Nashville, Tenn, on or
before March l, 1915. Failure to file
report in due time, adds fifty per
cent to the amount of tax due, and
ubjects the delinquent taxpayer to
a penalty of from $4,000 to $10.OOO.O 90.
Special attention is called to the
fact that every person, firm or cor
poratlon, paying salary, rents, or
interest to another person, firm or
corporation, during 1914, in excess
of $4,000 per annum, is required to
withhold such sum as will be suffi- |
clent to pay the normal income tax of |
one per cent on the full amount of |
such payments, except to the extent
tnat exemptions or deductions may
be claimed prior to January 29th,
1910. The person, firm or corpora
ton is made personally liable for
such tax under the law, and cannot
be permitted to waive the withhold
ing OF such tax. However, those who
are required to withhold the normal
tax of 10 on interest, salaries, rents
and other sources, should not file
with the collector this annual return,
until after Jan. 10Th, as the persons
against whom the tax has been with
held, have the right under the law,
10 file form 1907 or zoos, claiming
exemption, ETC., not later than Janu-
Try goth.
individuals for themselves, or rep.
'esenting corporations, will be given
Information as to preparation of re-
urns upon application in person or
~ letter, at the Office of the collec-
or, at custom house, Nashville, !
Tenn, or at the offices of his depu-
les at the postoffice buildings in
Memphis, Chattanooga and Knox "
lille.
ANY person required to file a re-
urn, who, by reason of sickness or y
lbsence, cannot file the same with
he collector on or before March lot,
an, upon written application to Col
ector Craig, have the period for fl
ng extended to March S1st, 1915.
only certified check, money order or
urrency can be accepted in pay .
nent Of taxes. Il
1t is important that you file your \
ncome tax report for 1914 promptly,
n order that errors and penalties
nay thereby be avoided"