The Covington leader. (Covington, Tenn.) 18??-current, 1919-02-27
YOUR INCOME TAX IS
DELINQUENT IN MARCH
RETURNS MUST BE FILED ON
OR BEFORE MARCH Is
Bill Provides Heavy Penalties for
"Wilfully" Refusing to Make a Re-
turn on Time-Fine and ImprisOn-
ment May Be Imposed.

Washington, D. c., February 26.-
Work on the collection of $6,000,000,-
900 has been begun by the bureau of
internal revenue. This is the esti-
mated yield of the new revenue bill.
The income tax provisions of the act
reach the pocket-book of every sin
gle individual in the United States
whose net income for 1918 was 81 900
or more, and of every married person
whose net income was $4,000 or more.
Persons whose net incomes equalled
or exceeded these amounts, accord
ing to their marital status, must file
a return Of income with the collector
of internal revenue for the district in
which they live, on or before March
Is.
Here is what will happen to them
if they don't: For failure to file
return on time, a fine of not more
than $1,000 and an additional assess
ment Of rs per cent of the amount
of tax due.
For "wilfully refusing" to make
return on time, fine not exceeding
$4,000, or not exceeding one years
Imprisonment, or both.
For making a false OF fraudulent
return, a fine of not more than $10,-
600, or Imprisonment for not more
than one year, or both, together with
an additional assessment Of so per
cent of the amount of tax evaded,
For failure to pay the tax on time,
a fine of not more than 81 900 and
an additional assessment of per
cent Of the amount Of tax unpaid,
plus per cent interest for each full
month during which it remains
unpaid.
In addition to the $1,000 and $4,000
personal exemptions, taxpayers are
allowed an exemption of 5000 for
each person dependent upon them
for chief support if such person is
under Is years of age and incapa-
bic Of self-support. Under the 1917
act, this exemption was allowed only
for each dependent "child." The head
of family-one who supports one
or more persons closely connected
with him by blood relationship, rela-
tionship by marriage, or by adoption
lis entitled to all exemptions allow
ed a married person.
The normal rate of tax under the
new act is per cent of the first
$4,000 Of net income above the ex-
emptions, and II per cent of the net
income in excess of $4,000. Incomes
in excess of $4,000 are subject also
to a surtax ranging from l per cent
of the amount of the net income be-
tween $4,000 and $4,000, to 65 per
Icent of the net income above $1,000,-
loco.
Payments of the tax may be made
in full at the time of filing return
or in four installments, on or before
March Is, on or before June Is, on
or before September Is, and on or be-
fore December 15
Revenue officers will visit every
county in the United States to aid
taxpayers in making out their re-
turns.
A. T. Ferguson, deputy revenue
collector, is in Covington today, and
will remain in the city until Saturday
night, to help those liable to income
taxes in making out their reports
of not more than $4,000. He will be
here only these three days, as the
time is limited.
Failure to see the officer, however,
does not relieve the taxpayer Of his
obligation to file his return and pay
his tax within the time specified by
law. In this case taxpayers must
seek the government, not the gov
eminent seek the taxpayer.