The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1919-03-14
PAY AND FILE
IN C 0 NE TAX
BEFORE MAR. Is
U. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties Will Be Enforced.
WOMEN WITHIN LAWS SCOPE;
HOW THEY REPORT INCOME


The Income Tax drive comes to q
close on Saturday night, March Is.
All payments and returns due on
new Revenue Law must be In the
hands OF local Internal Revenue Collec-
tors before their offices close that night.
The Income Tax Is being collected to
meet the war expenses. Every person
who shouted and footed his horn on
Armlstlce Day is now called upon to
contribute his share of the cost of win
ming the war.
The laggards and the dodgers will
face severe fines and Jail sentences.
The Internal Revenue Bureau an
nounces that It's officers will check us
all up to see that every person who
comes within the scope of the Income
Tax law did his share.
Where to Pay and File.
Residents Of kentucky should make
their returns and pay their taxes to
the nearest Of tie following: Josh T.
Griffith. Owensbaro; j. Rogers Gore,
Louisville; Charlton b. Thompson,
C0ylngton Elwood Hamilton, Lexing-
ton; John w. Hughes, Danvllle.
Payments sent by mail should be at
tachcd 10 the returns and should be in
the form of check, money order or
draft. Cash payments by mail are sent
Mt the Taxpayers risk of loss.
II you are unal'e TO make your re-
turn personally because of illness, abb
Scnce or incapacity an agent or legal
representative may make your return.
II there are any doubtfEl points as
10 your items of income or allowable
deductions you should get i'll touch at
once with Revenue officer or bank
er for advice.
Women Pay Tax.
Women are subJyc TO all The require
ments OF the Income Tax. Whether
single or married, woman's income
from all sources must be considered.
II unmarried or II living apart from
her husband she must make her return
for 1918 II her net income was $1,000
or over.
Ii married and living with her hus
| band her income must be considered
| with the husbands in determining the
liability for return. Their Joint in
come, less the credits allowed by law
Is subject to normal tax The WIFE
net Income is considered separately IL
| computing any surtax that may be due
Husband and wife Ale Jointly, as
| rule. II the husband does not include
| his wifes income in his return thu
wife must Ale separate return.
Severe Penalties.
| The new Revenue Law places sever
penalties on person who fails Il
make return on time, refuses to maxi
return or renders fraudulent return
For failure to make return and pay ia,
on time a fine of not more than Sl,OO
is named and % per cent of the tai
due is added to the assessment. Fo
refusing wilfully to make return o
for making a false or fraudulent re
turn there Is fine of not exceeding
$4,000 and imprisonment of not eS
ceeding one year, or both.
Farmers Income Taxable.
Every farmer and ranchman VIII
had a fair or good year in 1918 mus
heed the Income Tax this year. Fl
must consider all his income as tax
able, He Is entitled to deduct fror
his gross income all amounts expende
in carrying on his farm. The cost @
farm machinery, farm buildings an
improvements cannot be deducted
The cost of live stock, either for re
sale or for breeding purposes, Is ais
regarded as investment.
Overtime and Bonuses Taxed.
Salary and wage earners must cor
slider as taxable every Item receive
from employers and from othe
sources. Bonuses and overtime pa
are to be reported as we'll as the reg'
lar payments.
Allowances for Losses.
Losses sustained In 1918 and NJ
covered by insurance are deductibl
items II incurred in the taxpayer
business or trade, In any transactio
undertaken for profit or arising frol
fire, storm, shipwreck or other cast
atty or from theft.