Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1919-02-27
DEPUTY SENT TO
ASSIST TAXPAYERS
w. A. WASHBURN SENT HERE BY
REVENUE DEPARTMENT TO
ASSIST MAKING REPORTS

w. M. Washburn of Abel, Iowa,
arrived in Audubon Monday and will
remain here until March goth attend
ing to the revenue tax collections in
this district. His headquarters will
be at the court house or in rooms at
the rear of the Arnold & Rasmussen
offices. Anyone having business
with Mr.. Washburn will find him at
one OF the two named places and re-
ceive all the necessary information
concerning their income tax.
| Work on the. collection of s6.000,-
900, 900 has been begun by the bu-
reau of internal revenue. This is
the estimated yield Of the new reve-
nue. bill The income tax provisions
Of the act reach the pockettool. Of ev-
cry single person in the United
States whose net income for 1918
was $1,000 or more, and of every
married person whose net income was
$4,000 or more. Persons whose net
income equalled or exceeded these
amounts, according to their marital
status, must file return OF income
with the collector of internal revenue
for the district in which they live on
or before March 18th.
Here Is what will happen to them
IL they don't, for failure to file re-
turn on time. fine Of not more than
$1,000 and an additional assessment
of rs percent of the amount Of tax
due.
For "willfully refusing" to make a
return on time a fine not exceeding
$4,000 or not exceeding one years
Imprisonment, or both.
For making a false or fraudulent
return, fine of not more than $780,
900, 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
q fine of not more than $1,000 and
an additional assessment of percent
of the amount of tax unpaid. plus
percent interest for each full month
lduring which 1t remains unpaid.
In addition to the $1,000 and ST.
900 personal exemptions, taxpayers
are allowed an exemption of $500 fol
each person dependent upon them fol
chief support il sucn person is under
eighteen years OF age and incapable
OF self-support. Under the 1917 act
this exemption was allowed only FOL
each dependent child. The heat
of a family-one who supports one
, or more persons closely connected
with him by blood relationship, rela
tionship by marriage, or by adoption
is entitled to all exemptions allow
ed a married person. ,-->.
, The normal rate Of tax under thu
new act is 6 percent OF the first 81,
, 900 of net income above the exemp
tions, and IL percent Of the net in
come in excess Of $4,000. incomes
in excess of $5,0ae. arc subject ais'
, to a surtax ranging from / percen
| of the amount Of the net income be
tween $1,000 and $4,000 to IS per
, cent of the net income above 81 200,
900.
: Payment of the tax may be made il
| full at the time of fling return or IL
! four installments, on or before thu
18th OF March. on or before Jun'
18th. on or before September 18th
and on or before December 18th.
Revenue officers will visit ever!
county in the United States to aid tn,
taxpayers in making out their re
turns. The date Of their arrival ant
the location OF their offices may b.
ascertained by inquiring at offices o
collectors OF internal revenue, post
offices and banks. Failure to SCI
these officers. however, does not re
Ilieve the taxpayer OF his obligation t
file his return and pay his tax within
the time specified by law. In thi
case taxpayers must seek the gov
ernment, not the government the tax
payer