Carrizozo outlook. [volume] (Carrizozo, N.M.) 1910-1945, 1918-01-11
Matter That Every American Is
Called On 10 Determine
Without Delay.
MARCH | LIMIT FOR RETURNS
Failure 70 File Them Involves Severe
PenaItle-Taxpayers VIII be A.
sisted by Treasury officials In
. Every County.

for every American subject to the In.
ZONE tax division oi the wal revenue
act 10 figure up his income and file
his return. II he is unmarried and
has a net income OF 81. 900 or more, or
II he Is married or the head 81 n fam.
lily and his net income Is $1,000 or
more, he must pay the tax. His re-
turn must be In the hands OF the col
lector OF internal revenue In the dis.
trlct In which the taxpayer lives or
has his principal place OF business be-
fore March 1. 1918.
The man who thinks 20 evnde this
tax Is making a serious error. Revenue
officials Will be In every county to
check returns. Failure to make a cor
rect return within the time specified
Involves heavy penalties.
met income" means gross income
less certain deductions provided for by
the act. The law defines income as
profit, gain, wages, salary, commits
slons, money or It's equivalent from
professions, vo%cntlons, commerce,
trade, rents, sales and dealings In prop
erty, real and personal, and interest
from Investments except Interest from
government bonds, or state, municipal
township or county bonds. Incomes
from service as guardian, trustee or
executor; from dividends, pensions,
royalties, or patents. or oil and gas
wells, coal land, etc, are taxable.
Normal Rate 10 2 Per Cent.
The normal rate OF tax is 2 per cent
on net incomes above the amount OF
exemptions, which Is $1,000 In the case
Of a married person or head OF u fam
lily and 81 900 in the case of n single
person. A married person or head Of
n family Is allowed an additional ex.
emptlon OF $500 for each dependant
child II under eighteen years OF age
or incapable OF self-support because
defective. The taxpayer IL considered
to be the head OF a family II lie Is
actually supporting one Or more per
sons closely connected with him by
blood relationship or relationship by
marriage, or II his duty 10 support
such person Is based on some moral
or legal obligation.
Debts a%scertalned TO be worthless
and charged of within the year and
taxes paid except income taxes and
those assessed against local benefits
are deductible. These and other points
Of the income tax section OF the wal
revenue act will be fully explained by
reyenue officers who will visit every
county IN the United States between
January 2 and March I TO assist tax
payers IN making out their returns.
officers to Visit Every Locality.
Notice OF their arrival In each local
lty will be given In advance through
the press, bnnks and post offices. They
will be supplied with income tax forms
copies OF which may he obtained also
from collectors Of internal revenue.
The bureau OF internal revenue ls
seeking to impress upon persons sub
ject to the tax the fact that failure to
see this official In no way relieves
them Of the duty imposed by law to
ME their returns within the time specl-
fed.
The penalty for failure 10 make the
return on time Is n me or not less
than $40 nor more than $1,000, and
In addition 80 per cent Of the amount
OF the tax due. For making n false
or fraudulent return, the penalty Is
a fine not TO exceed $1,000 or not ex-
ceeding one years imprisonment, or
both. In the discretion OF the court, and
In addition 100 per cent of the tax
evaded.
As 10 the Farmers.