Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1918-03-23
INCOME
TAX IN BRIEF
The Requirements Boiled Down
for Busy Folks.

Returns nlust he nlea 90 OF tNeiWo
April |, 1878.
Tux due may be paid now or on 81
before June IL 1918. -
" Jon were single and your net To-
cosns for iDi1 was 81 .v00 Of more you
it,tsst file return. -
II you were married and living vita
wife Tor husband9 ADD had net IN
come Of $1,000 or marc for 1917 you
must HE return.
Husbands uni wife's income must
he considered. jYiptly. p'us Income Of
miner Children se.sa
Income OF y lutus.r Or Incompetent.
derived from c separate estate. must
be reported by MS legal representa-
tive. AZ a.
Severe penaltiss ars provided fpr
those who neglect or svade tho law.
For false OF fraudulent return there
IL v penalty not exceeding $4,000 fine
ar years imprisonment. or beth, plas
100 per cent OF lax,
Fvr failurs to make return ep Or
before April l. 1918, Que Is from $40
| 10 81. 900. plus 50 per cent. OF tax dne.
Esturns must ~ filed with the Csd
iector Of Internal Revenue Of district
In which YOU live. J,a
A. agent luay n,e return fnr Z par
son who Is III. absent from the csnntry
or otherwise ineapacitated.
Each return must be signed and.
sworn or affirmed BY person execut
lag Il. ..4st, -.
Single persons ara allowed $1,000
exemption IN .anpnting normal tas.
A married person living. with wtfe
! tor husbaud) Is allowed $4,000 exenp-
ton. plus S2O0 for each dependent
child under IL. @ ~
A head Of family. though single, IL
allowed $4,000 exemption u actually
s,.aonrting one &c more relatives
Returns INV. show the eattFe
AMOUNT Of earnings. gains and prsAts
received during rhe yeas.
!. OHctsls aud employees are Vet taxa.
BILE on TIE ss&sJiee or wages received
freu' 9 state. caAnty. city tr tswn Ia
tina United States ts'.
Interest on state ana municipal
~mbt FROM fe<iersA Income tax asa
should bs omitted, - >s,a 90!
Interest On United States .EsvsrD-
saent hops.s Is a!so .exeInpt,ssxoept, on
indiv!4iuai he4dtnRs Of Liberty Fsurs u
excess Of $1,000 par vkaue. - ass ..
Div!d~ads are not subject - sernai
tax. but nIusf b reported and iDeiudsd
Ia net ine1rue.p 5. ~ - ar,
Gifts aud ieFacles are ret tscaws
and should not Ne included On the ~
turn of the beneficiary. ,..a sjns4r
Life Insurance ed as scheme
6ciary. or ms premiums paid back ct
maturity az surrender 81 pslicy 10 ret
income. fs-s- " ,
Payments received for real or psse
sonal property SOLD 10 not. income hat
the profit realized thereon 10 income
for the year Of sale,
Amouats receivesi 10 payment Of
nstes OF mortgages IL net Income. but
the interest on such notes or merit
cages 10 taxable Income. ss~
From the entire groes income Ger
tain Allowance are made In arriving
At the Rst iBcsine.
Necessary expenses actually pah In
the conduct Of business. trade or pro
fsss.on may ~ claimed.
4 farmer can raMim payments for
labor. s~eh. fertilizer. stock feed. re-
palm on hulldinGs. except his 6welfipg:
repairs Of fenees and farm pAchinery,
materials md sIRsti tools for ivane<3i.
ate ,iee. ,..-. -
The amo,in, Of sras paid for fArn
may also h~ eatmesi IS tenaa, farm
eF'a evrensA. ssss
Pay,nsris fer I've stock ars aiiows-
HE II tonyh, fnr resale. Rut II htn,sht
for hr~<siinx PURPOSES cattle are an IT,
vext'nent. NOT an expense, aad csnnSt
be allowed
A s,"r~k~~per- ran elaim amounts
paid hpr advertising. clerk hire. trfe-
phone. water. light and fuel. also aray.
age and frriE,', hills aud cost uf ot-
Grating and -spairins wagons and
trucks. $50.
A rhysicina can claim cost OF his
pr,se~s'nnal supplies. rent. ost3ee helra,
telephone. expense VI team or auton,o-
bile u-csl In making professional calls
and expenses ats<ading medical cor.
ventioRa - 49, - se, s-
A dentist cnn -ssN4m- simiAr Items,
except team or auto expense. which
arp not necessary lp-tts prnfession.
Expenses that arr personal OF coI,-
nected In any way with the supper, or
we'll being OF person or family are
rot allowable
rfs costs Of machines. Instruments
vehicles o. inpiements that are more
cr'kess permanent In character are not
allowable - IN sxpensA They are H.
veutmenfn
interest paid On mortgage or other
personal indebtedness 10 allowable On
-@reo~rt re.urv.
All taAes paid within tire year en-
be taken out on federal return. sx.