The Sentinel=record., 1918-02-09
FILL OUT BLANKS
 FOR YOURSELF NOW
AFTER TODAY INCOME TAX AS ASITANT WILL NOT BE HERE
 TO HELP YOU FILL BLANKS
Special Instructions Designed to Be Helpful to Those Who May Not Un. derstand Fully the Necessity of Meeting This Requirement..

''N~N'f'S ' JUS 'NSHN'i NhiNf'Ns
 Today is the last one in which you may call on a special government agent to assist you in filling out your income tax blanks. Agent Simms has been here since the first week inI January assisting in this work, vita offices at the postoffice, and that as dstance will end today as he must go elsewhere.
 Have you filed your income tax re- turn? If not, this article which has been prepared with the approval of U. s. revenue experts tels you how, when and where to do it. The first thing to be understood is that the in- come tax applies only to your in- come for the calendar year 1917. Your income for prior years and your es- timated income for 1918 are not to be considered
 The War Revenue Act of October g. 1917, provides for a normal rate of tax of 2 per cent on net incomes of unmarried persons in excess of $1.0 900 and upon incomes of married persons or heads Of families in excess of $2,000. If you are unmarried and your income for 1917 was ST .OOO or more you must get a tax blank. fill it out and file it with the collector of internal revenue in the district in which you live. If married and youI net income was $2,o00 or more you must file 8 return with the collector Returns must be in the hands of col lectors not later than March 1, 1918. The old income tax under the Act of September $, 1916, still is in effect, so that the total of your tax will be the sum of these taxes added to- sether Under the Act of 1916 the normal rate of tax is per cent on incomes of married persons in excess of S4,o00 and on incomes of single persons in excess of $3.OO0. For example if you are married and your net income for 1917 was $4,500 you will pay a tax of S60 This is per cent on the amount above your exemption of $2,0O0 under the act of 1917 and 2 per cent on the amount above your exemption of S4,0O0 under act of 1916. An additionl exemption of S200 is allowed a married person or head of a family for each depend net child if under eighteen years of age or incapable of self-support A taxpayer is considered to be the head of a family and entitled to all the exemptions allowed a married person if he is actually supporting one pr more persons closely connected with him by blood relationship, rela ttonship by marriage, or by adoption
 Women as we'll as men must pay an ncome tax. The combined net income of married couple in excess of $2,000l is assessed. They may file a joint return or each file separate return if desired If joint return is filed either one may claim the exemption or it may be divided between them A widow. a woman living apart from her husband or q maid is assessed on Ter net income above $l,000
 Net income" means gross income less certain deductions provided for by the act Expenses actually in urred in carrying on any business may be deducted. but not family nor living expenses.
 In making out your return you may deduct the following from gross in come
 Interest paid on mortgages and notes and other indebtedness. except indebtedness for the purchase of tax exempt securities.
 Rent paid for offices or business places.
 Taxes paid, except for local i'm movements such as sewer and water income taxes and excess profits taxes
 Losses sustained in business or trade arising from fires, storm or other casualty or by theft if not com pensated for by insurance or other wise. If property was purchased prior to March l. 1913, the fair market price pr value on March |. 1913, is the basis for figuring the loss
 Losses sustained fin speculations and side lines not connected with your regular business, but these de- auctions must not exceed the profits from similar transactions Debts as- certained to be worthless and charged off within the year
 Reasonable depreciation for busl- ness structures, but not for your residence
 Depreciation for oil, gas wells, | mines, etc.
 You must include under gross in- come the following items
 Salaries wages and commissions or compensation of whatever kind for personal services
 All profits derived from business. trade or commerce
 Profits from the sale of property, real or neFsOnal