The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1919-03-01
EVERYBODY is
NOW FIGURING
INCOME TAX
In Order to Be Helpful to Public,
Internal Revenue Bureau
Has Every Available
Officer in Field.
SEVERE PENALTIES IF YOU
DELAY BEYOND MARCH IS

With the due Gate for Income Taxes
only few weeks away, the collection
of this far-reaching tax on 1918 in
comes has started off with bang.
Everybody is figuring income tax.
Payments and sworn statements OF
income must reach Internal Revenue
offices on or before March Is, and there
are severe penalties for delinquency.
Residentso Of Louisiana are required tc
make their returns and pay their taxes
to John Y. Fauntleroy, Collector Of In
ternal Revenue, New Orleans, La, or
to any of his deputy collectors who
are now doing free advisory work on
Income Tax.
"Pay your Income Tax by March
15," is the slogan Of the Internal Rev
| enue Bureau, which has sent every
r available officer into the field to help
the public to understand the require
ments and to prepare the returns.
Who Must Make Return.
1t is estimated that many thousands
| of single and married persons In this
section of the United States who have
never before made annual returns are
| required to do so this year.
Income tax returns must be made
between now and March 15 by persons
who come under the following classifi-
| cations:
| Any unmarried PERSON whose 1918
net income was S1,co0 or over. Wild
| ows and widowers, Divorces and mar
| ried persons who are living apart from
their husbands or wives, are fer the
purposes of the Income Tax classed as
unmarried
Any married person living with wife
or husband whose 1918 net income was
| $1,000 or over The income of both
husband and wife must be considered,
together with the earnings of minor
children, If any.
| Revenue Bureau Offers Aid.
Each person in the United States
| who is in either of these classifcations
must get busy at once If penalties are
| to be avoided He should secure Z
blank Form 1O40 A for reporting net
income up to 5000; or Form 1040 II
his net income exceeded that amount
Forms are being distributed by Collec-
| tors and their Deputies, also by banks.
BY following the instructions on the
forms correct return can be prepared
| at home. II a person needs advice or
| aid, the Deputy Collectors in the field
will furnish this without charge.
The new Revenue law places the In
come Tax duty on citizens and resi-
dents. The Internal Revenue Bureau
is sending its men to work right with
the public to get the tax and the re-
turns in. With active cooperation.
every tax due March Is will be paid
and every return required by law will
be in the Revenue offices on time.
Exemptions Allowed.
A single person is allowed per-
sonal exemption of $1,000. If he Is sup.
porting in his household relatives who
are dependent upon him he may claim
the status of the head of family who
has the same exemption as IL married.
| A married person who lives with
| wife or husband is allowed personal
exemption of $1,000. The head of a
family is entitled to claim similar
| personal exemption.
An additional exemption Of 5000 Is
allowed for each person, under eight
cen or incapable of self support who
was dependent upon and received his
chief support from the taxpayer.
A husband and wife living together
are entitled to but one personal ex-
emption of $1,000. If they make sepa-
rate returns the exemption may be
claimed by either or divided.
Accuracy Required.
| Absolute accuracy is necessary in
| making up income figures. Any per-
son who is working for wages should
find out exactly how much he received
during the whole year 1918. Fees,
bank interest, bond interest, dividends,
rents received and all other items
must be reported correctly. Mere
guesses are not accepted, for they are
| unjust alike to the taxpayer and the
Government and defeat the proper ad-
ministration of the law.