The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1919-02-24
Millions of Americans to
Get Busy on Income Tax

(; srr.s income -: mo,c than 5000 Is
found 10 bc taxable. this coalition docs
not free he individual from Hing n. re-
turn. Thus many persons who do not
haro to pay Il tax must file returns.
4 had Of n family Is described Off
cjally ;ls - person VIII" SUPPORTS ono or
NOR" persons closely connected with him
10y blood relationship, relationship by
marriage or 10y adoption"
The compensation N l91S O. man n
the military or naval service. "i'h"r IS
an enlisted man or IN rCi:'"r. ~ Wholly
exempt from taxation. provided this dill
NOT exceed $500. Income If soldiers or
suilurs from private sources Is laXan!".
however. j: I exceeds tn" exemptions.
In figuring net incomes. d"dncrI"na
may no; hc made for personal, family or
I!vin: rXrc1S"H.
The law does provide for Il number ~
dedu~,iors however, from gross inr"iI"
am! lhrs" AZ. rt interest maiH!y - m"n
nkh iui,ic Il li::nE out of business IN
rr-prls,.. rhc.,r allowable Gcductl"m'
!nciudr IN" following i;"m@;
Expenses paid or incurred during 1'lS
IN carrying on any rad" az BUSINESS
including rentals and IL REASONABLE" a.
!opanc" FIR salaries.
Interest paid ar accrued ~ 1918, 'N'
cop; on Indebtedness incurred for tue
purchase -! tl1-rXSnlp; SOCKS or b"''""'
Taxes ;.liG rr ac crurd. except irrfm"
war profits ami cNC"*s profits ih%'S AN!
thus, :,ssc.S..d against local dement's 81
:. Kind tending IN improve th' Nainr "i
tho ;'roHrty.
Losses ~ business or ;rode. 4 net
compensated tor By ins franc" OF other
wisc.
Losses In arr transaction entered INTO
for profit ~ seine SD" !!nr Of business
Losses Of 7rnp"rl: nc.i connected with
Tie taXr1vrrs's regular huSin' * II trls-
in.- from ilr"&, storms ct other 'a%ual-
,Irs. # not covered h. In*uran'"
Worthless L"si4 charged "tt during
the year.
4 rcaxnnnhlc allowance for dcors'ia-
rnn -, rror"rt.- use,1 in hu:Incs" o."
trade.
\ rcasnna1le allowance fer dcplr'I""
oa w.il - depreciation - properly ia
,L. ,.a..,, Of mines oil and j;aS wells and
other natural deposits.
t'.utrIt,ulIunS ia concerns "p'fHtcC - '
clus,vrlv fer charitable. religious. "dh'a-
rinu nr ::r:crtitic purposes. Hoi III "N>"SH
IF - rcrr"ni RI III" taNra! "r'S ny m
rpIur.
murr:.ar,n:r 81 hG.idirIs. machinery.
rruipn.nl -; other ta"tIitr"s ""nsiruc'"i
.r ACQUIRED fur tn" rr"du"tI"n 81 arr g..
.,.lr:, contributing :" Il" prosecution ~
'h.' war.
TIj. rrnrn,:I:lg items muHt l." report I'd
-, II. r-lurn HUd d"dn'"i ~ "rdinG !"
,,rr iu,;h,c ct Forth III tn" return blank
form.
The f,ilnT,iuE Items At" exempt from
taxation nm! nn"d not J." lnrlud"d III TIC
r"ilii.s:
Proceeds - If" ln"uran"" r"i'"i"S:
r.inr?; al p".Irirr' "n if" endowment
an! uur.Ift p"i.'l"S: E'l'', "'Iu'.''* Ut
,rL.rtrl,.,. ,.mcuInr Tryro "If's ~ lax
.,bf.. h.v,y.rI: :mr"r">: rn t"nIs If :t'1H
.i..f.. ,.uun;y or municipality: interest
80 farm 1ran bonds. interest IN <I.Hnn
,r I..;4 at I.ih"rly bond. and "n larger
.,,,,..,,u,s ia c,rlnin eases provided 10y
.h,, band at: Payments "i account q!
,r,.,L.ni or health :usurInc- or under
,v,-k,ac:,'s compensation acts.
'rn L,,r... inaccuracies -" fraud IN
r.,,ir..y liz Internal i:"vrnU" l;ir"'tu
ha, instituted II system g; rl'k!nG re-
,,,rn4 ..tih .,'h." reports r'n:Tir"l from
nil PERSONS or inter- Is wh"'h rhid "ut
!: E. ana or NOR, - an. 1T!iI".uHi during
.i.. ..,, The latter reports r"nstiI Ut"
tn, So. collecting E.'"lLn'ry : 'nf"r-
,,...r,,, u. iii" $.urr"' which proved HN
,..lra:.," lat year ~ preventing TAX
,,".rII.
IL e.ldrtin'l (" 'nc"tu" fixes, th"r" is
=, muli!ulir.;y e: other taxes =" t' as.
,,.:.,.ri ,hls ."ar Inr"rf"ra,"h business
-: ;-c REQUIRED - Fay iIXrs on net IN
.~rrr..s e, Ih. rat" "f - PER ""mt., with
~, .>rrnrliru ~ y.,rta. War profits
a