Every evening, Wilmington daily commercial., 1918-02-13

the internal revenue officer in the Post
office Building.
You may pay your tax by sending
check or money order with this return
to the collector of internal revenue. You
must pay 1t on or before June Is, 1918,
, to the collector to whom the return is
sent
| The penalty for making false or fraudu-
lent return is "A fine not exceeding $1,000
or not exceeding one years imprisonment,
| or both, in the discretion of the court,
and, in addition, 100 per cent of the tax
| evaded: For failing to make return on
time, not less than $40 nor more than
| 81 900, and, in addition, SO per cent of
| the amount of tax due, for failing to pay
tax when due, five per cent of the amount
| unpaid, plus | per cent interest for each
| full month during which it remains un-
paid
Incomes are defined in the law as
follows:
A. Income from salaries. wages, COM
| missions, bonuses. and pcnsions.--it sal
ary, wages, or other compensation paid
to yourself, your wife (or husband), or
child by any one employer amounted to
$500 or more, report 1t together with
occupation or position and employers
name and address. All other income
from salaries, wages, etc, should be report
ed together with the name Tor names)
of the employer Tor employcrs). Salaries,
wages, etc. paid by States and political
subdivisions thereof are exempt from the
tax and should not he reported Gifts
not made rs a consideration for service
rendered should not be reported.
b. Income from business, farm, or
profession. Total cash reccived.-If you
keep books showing income accrued, yo1
NAV report such income instead OF cash
received, and may also report expenses
incurred instead of expenses paid. Cash
received from sales of land, buildings,
equipment, stocks, bonds, and other
property should be reported. Rent paid
for farm or business property mot lnclud-
ing rent paid for dwelling) should be
reported here Wear and tear of build
ings. machines, or other equipment
owned by TAXPAYER and used in farming
or in business, not offset by repairs, may
be added to the actual cost of repairs
during the year. Wear and tear should
not exceed cost of property divided by
its probable life in years. Do not report
wear and tear or repairs of dwelling
occupied by taxpayer or of hls household
equipment 4 decrease in the value of
land or of stocks, bonds, and other secur-
itIcs will not be allowed as q deduction.
losses by fire, storm, other casualties,
or theft may be deducted only to the
extent that they are not covered by
insurance. or made good by repairs report
Cd as expenses Increases and decreases
IN inventories of materials. supplies,
merchandise, etc.-lf YOU made an in
ventory on January |, 1917, and on Jan
uarv |. 1918, YOU should add TO cash
received the increase In the amount of
tic inventory, or should add to expenses
and losses the decrease in the amount Of
the inventory. Other expenses and losses.
DO not include cost OF business equip
ment or furniture. or living or family
expenses DO not include bad debts |
arising from sales, unless the income |
from such sales has been reported in this |
return or in previous return. Do not !
deduct interest on your own investment |
in YOUR business or farm, or salary, |
for your own services or the services of |
Your family. unless YOU enter these items |
as income elsewhere on the return, |
Business or farm property Include |
sheds and fences n buildings, but do /
not include Your dwelling. After Con
struction Of buildings state kind OF /
rs wood or brick
Z. Profit from sale OF land, buildings, |
and other property, real or personal
Kind Of property Describe the property |
as definitely as YOU can IN a word or two.
IS farm dwelling stocks, bonds.
rtc Cost Enter tho original cost Of
the property lor, if il was acquired before
March |. 1913. the fair market value on
hat date plus the cost OF any permanent
since made, less any dcduc
tions claimed In this return or IN previous
returns on account OF wear and tear
depreciation or depletion If total
cost Of All property sold exceeded total sale
price. the loss Will not be allowed as a
deduction unless thG transactions form
part oi your regular business.
ID Income from rents and royalties
Kind Of opcrtv-Dcscribe briefly. as
farm. dwelling" mine. and also
state kind OF material OF which buildings
(if any are constructed, as brick or
wood Cost OF buildings Enter here
the cost OF all property on which wear
and tear, repairs or depletion Is claimed
{ ash or equivalent reccIved.-f tenant
rents your farm on = cash rental basis
state under cash or equivalent received
the amount OF the rent, whether paid IN
cash or in crops. Ii he works il on shares.
your share should be reported as income
Tor the wear in which sold Wear. tear,
and repairs.-iSee instructions relating
to wear and tear. above. You may claim
under this heading a reasonable allowance
for the depletion of mines, oil wells and
q uarrles.
T. Other income State each source
separately Report here interest received
on bank deposits notes, mortgages, etc.
and all other income except Il dividends
received from corporations organized or
doing business III the United States and
subject to income tax ito be reported on
line 10, page A., p interest received on
bonds on which the issuing corporation
agreed to pay the tax ito be reported on
line Q, page A, 49, interest received on
bonds Of the United States and its pos
sessions and Of any State or political
thereof, al interest on Federal
nan bonds [S4 r,rccaadc of lifa !