River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1918-02-07
FILING RETURNS

Incomes on or before March /, 1913.
Returns received after that date
will be assessed at double the ordi
nary rate.
Blanks are being mailed to about
5000 taxpayers in this district as
matter of accommodation If blank
is not received by any person hav-
ing a taxable income he must pro-
cure one and report. 1t is no ex.
cuse for failure to file the report On
time thar no blank was received.
Every taxpayer receiving a blank
must make a return whether there
is taxable income or not.
The penalty for refusing to file or
for fraudulent report is fine Of
not exceeding $50 90 or imprison-
ment not exceeding one year.
The assessor of incomes will
gladly give any information or as
sist taxray in filling out state in
come returns, and there is no
charge for this service.
Those who do not receive blanks
and who have not a taxable income
are not required to report.
INCOME TAX FORMS
The following income tax forms
are used in Wisconsin:
Form Nc. Ito be used by all
individuals except farmers.
Form No. IL. TO be used ex-
clusively by farmers.
Form No. 3. Suitable for firms
and partnerships, only.
Form No. Used by those act
ing in fiduciary capacity.
EXEMPTIONS
Under the Wisconsin Law there
is exempt from taxation:
1st-To an individual, $4,000
2rd-To a husband and wife, ST.
10000.
3rd-For each child under eigh-
teen years, $4,000.
4th-For each additional person
who is actually supported by and
entirely dependent upon the taxpay-
er for support, $4,000.
Non-residents of the state have
no exemptions nor is there any ex-
emption to firms and corporations.
RECEIPTS TAXABLE AS INCOME
AND EXPENDITURES NOT
ALLOWABLE AS DE-
The forms of returns prescribed
for taxpayers and the law defining
income are so detailed and defnate
as to leave little room for misunder-
standing and no excuse for ommit-
ting items of taxable income. In
brief, all gains or profits received
during the year should be reported
as income, and all ordinary expens-
es incurred in producing such in
comes are allowable as deductions.
Nevertheless, in the administra-
ton of the law numerous questions
have arisen as to whether q given
receipt should be treated as income
or a particular expenditures allow
ed as reduction. Without attempt
ing to cover the entire ground we
enumerate below the most common
of these items, specifying in two
separate groups certain receipts
which should be treated as income
and certain expenditures which are
not allowable as deductions. 1t
should be borne in mind that these
lists do not purport to be exhaust
i've nor to iaclude all items Of in
come or deduction but are confined
to those which have occasioned
most controversy.
RECEIPTS TAXABLE AS INCOME
All compensation for personal
or professional services, whether in
the form of wages, salaries, fees, or
commissions.
Salaries and wages of all state
and local officers, including judges.
All salaries, stipends, and
| gifts received BY clergymen in their
own right in the performance of
their pastoral duties.
The reasonable value of ac-
comodations furnished to officers
and employees as part of their sal
ary, such as board and lodging to
hotel managers, and use of resid-
ences furnished to pastors, teachers
and public employees.