The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1919-03-07
PAY AND FILE
INCO NE TAX
BEFORE MAR. IS
U. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties viii Be Enforced.
o N WITHIN LAWS SCOPE;
HOW THEY REPORT INCOME

The Income Tax drive omc TO a
clsse on saturday nlrht, March IS.
The payments and returns due on
that date under the provisions Of the
new Revenue Law must he In the hands
Of local Internal Revenue Collectors
before their Offices close tibet night.
The Income Tax Ia being collected 10
meet the war expenses Every person
who shouted and footed his horn on
Armlstice Day Il now called upon to
contribute his share Of the cost N win
Ming the war.
The laggards and the dodgers win
face severe fines and jail sentences
The Internal Revenue Bureau an
ounce that In officers will check us
all ~ to see that every person who
comes within the scope ~ the Income
Tax law did his share
Where 10 Pay and File.
Residents 81 New Mexico and Ari.
IONA are required To make their ~.
turns and pay their axe 10 Alfred
Franklin. Collector Of Internal ReVc-
nue.. Phoenix, Arlz, or ~ any Of his
deputy collectors who are now doing
free advisory work ON Income Tax.
Payments sent by mail should be NJ.
tached 10 the returns and should be In
the form Of check, money order or
draft. Cash payments by mail are
sent az the taxpayers risk Of loss.
n you are unable TO make your re-
turn personally because Of illness. nh.
sencc or lncnpaclty nm agent or legal
representative may make your return,
n there arr any doubtful points a.
10 your items 81 Income NJ allowable
deductions you should get In touch at
once with n Revenue officer or a bank.
er for advice.
Women Pay Tax.
Women are subject 10 all the re-.
qulrcmcnts OF the Income Tax. Wheth.
or single or married. n woman's income
from all sources mist he considered
n unmarried or II living apart from
her husband she must make her return
for 1918 II her net income was $1,000
or over.
n married and living with her hus.
band her Income must bc considered
with the husbands IN determining tho
liability for n return. Their Joint In.
come. less the credits allowed by law.
N subject 10 normal tax. the wife's
net Income II considered separately In
computing any surtnN that may be
due. Husband and wife file Jointly, ne
a rule. n The husband does not In.
clude his wifc's inc,sne IN his return
the wife must hle n separate return.
Severe Penalties.
The now Revenue Law places severe
penalties on n person who fails 10
make return on time. refuses to make
return or renders n ~frnudusnt return.
For failure 10 make return aud pay
tax on time n tine ~ not more than
$1,000 l. named and - per cent Of the
tax due IL added 10 the assessment.
For refusing willfully 10 make {
or for making a false or fraudulent re-.
turn there Is a tine Of not exceeding
$1,000 and imprisonment OF not OK.
oetding n year, or both.
Farmers income Taxable.
Every farmer and mnchman who
had u fair or n good year In 1918 must
heed the Income Tax this year. Hc
must consider all his Income as tax
able, He IN entitled 4 deduct from
his gross Income all amounts expended
In carrying on his farm. The cost of
farm machinery, farm buildings aud
improvements cannot be deducted. The
cost Of live stock. either for resale M
for breeding purposes, Is also regarded
as investment.
Overtime and Bonuses Taxed.
Salary and wage carners must con-
slider ~ taxable every item received
from employers and from other
sources. Bonuses aud overtime pay
are TO be reported as well as the rcgu-
lar payments.
Allowances for Losses.
losses sustained In 1918 and not
covered By Insurance are deductlbie
Items II incurred In the taxpayers
business or trade, In any transaction
undertaken for profit or arising from
IRE, storm, shlpwreck or other cnsu-
atty or from theft,