The Hawaiian gazette., 1916-02-04

FlbUcIARY kGENc lsS 81 ], /
ARE HELD RESPONSIBLE
Individual Beneficiaries As Mel
As Estates As Whole Come
Under Rules

AZ. f.. Haley, collector of internal rev,
etale, yesterday made public the fol
lowing amendment 10 the regulations
Of his department, requiring theesps-
turns and tax payments Of, fidneiaries
under ttust estates. Mr., Haley said:
These amended regulations are Of
particular Interest down here, as there
is no other city Of itspopuiation in the
country, Hbclisye, where there are 90
many trust estates as in Honolulu.
These amendments affect them ALL
The amendments follow:s
r9aardians, trustees. iexecators, I'd.
ministfators, agents, receivers, consefv-
ators, and ell porsons, corporations or
associations acting in any fiduciary
capacity. hereinafter referred to as fid-
uciary agents. who hold in trust an es.
tate Of another person Or persons, shall
be designated tho source for the pur-
pose Of collecting the income TAX, and
by filing notice With other debtors or
Withholding agents said Judiciary shall
be exempt from having any income, due
to them as such, withheld for any in
come tax BY any other debtor or with
holding agent Other debtors or with.
holding agents upon receipt OF such
notice shall not withhold any part Of
such income from said fiduciary and
will not in such case be held liable for
nollDal tax OF one per cent due thereon.
The form of notice to be filed with the
debtofI OF with olding agent by fiduci.
airy viii be ON form 1918. Where such
exemption is not claimed notice thereof
witbSoIdins s@e,st. Sp,nx;Ssd ,sa,
Form 1oI9 can NOT be nsed wben the
incnms aIfeeted X nayabIe nv. Inc f;an.
ciary. "a TIE .ben4fieinty stho' won,d not
la - ble. andar the ststnte Ifor ';neome
tax ri ench income we're payabIe To
such bonefieiaty directly. :, Y ! ;t3s'T'
I.ettffns Dpe Marcb, ~ y t5asa
, tFiAnaisy,aa, ahall !, AN m haeora
Nl.,khSs ~ es.eh 49,. maa.a sad go.
q, 'rei,,yn IN fa,, nressr;had' : ~ ~
rs,,nmi.-io,,e, ~ ;ntsynai revan,,a ~
4 No. e;nen,,,s. cow; -, ,,,r, ,,.ss .,,ss,S,
~, ,trrd ~ "a mo f,c,.s 49,
t,,,sts a.ts,s 49,. 49, snn,,ai' ia.s.s,s,
~ any henef;c;sry in tba ;nco,no az sa;d
tT,,st estate kub;sct ~ ne oor,nal tas
Ia IN ,aTcass ~ ~ nno ia elsaSts,h.n a.
1rn,IIstr ib,Ifed inSome 81 the' astste .Sas
nm entity az bsnefieiarv In ana ~ itseIf
for rtat ptfrposesl COMBATING az income
fS,,m diyiflen1a ~ csrnoysti oas, Z, .ud
Other income ferIof diyi5ends. a4nnel !.
shah exceed 400 000. Il, such cases ~
,at an Mali ~ se,,ortedi y : henef;c;sry
for the nm diktrikated ,ocoh,A 80 M -
sftNotice, ~ failwte ~, I'm \ re,.rn as
renoired shaIl ~ serSed anan ~ Far
eiatrll ti.IgI, ef ~ ,f,tS' "a \ g't''s - Z
aSThe entttes an ,tba first uaga. AZ
f,rr .loaI- n oohfan threA p'hns dsd
,ias $500 n, s.,..,,,,,t -.
nor.tod n, line five eehat,,ss Sistr,,s,,.sd
IN, nots Abania ray insl,,Sa, 49,. -
spect ~ ar,sa, =, ;,,,.,y,a a,,iSssa $50,
diNSSa.as an az ..,.st,so. 60, ~, ~
earniScr ~ .cotnnratSons, io;n, s,nsr
eompa1ies. etc.g sob;eet ~ IkA st.Sr -,
the,incou,e an, which the Normal tax has
been .,leth,cxed and ,vithlaId !, M Ise
source by the,slebtor or s,y,ar. withhold.
iNu aee1k These. two items shanIj re-
tseatSd "a deiuctiona in, determin,no
the amount 81 income : sah 49, ~ tLe
normal tax and For which the fiduciaTr
~ Withholding AGENT n N aceonnt
Trust Estates Az ected $3.50"
tssTHe income ~ trnst astata. a. INV
other income. A. Sifbiecf ~ tba incoma
tax When sueh inen,oe - ~ te ss.s ;,;ed i an.
nIaIiy by A beneficlaTy ~ an sstate ne
fiduciary will Withhold the. .nays,si taS
dine and snhiect NJ n M, ~. A..
Any mart ~ tha animal ,nea,,,e ~ t.aa,
estates mot diatyihntad baensnss 4. ~ 30
tity. ana. az such rs 'iiable foS ths nos.
mat and Additional tax ychicn paHst ~
paid the fidnciary. when ME bene.
q, ma "a 80 |. IA ~. ...',' ~
I'M e.s.ts;s ,sta w. a =, tSs t es,s q
such income win beStaSaf,IN ~ thas,ss,
tatA Far aaiaiiSiNlal sear1ha n std,,as.,,,
win nav ~ q ax,.botA serwai ,sad sd,i2
tioaaI. \ when the henesicisrv 80 s,Sas
a pam eaiy or lie ireSme so ,uh;cE ~
Is entitied from me eetate ara 'tAs hsI.
nce B IS retained ,bs The ftdacisfy thal
normal tax will he withheld nm tSa ~.
;J 49,. ~ ~. - ~ ny ~
= n,noot ~ ssch ieco,ae 1880 ~ nm, ,ss
~ l--.k ~ 80 i. - y -