The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1919-03-04
PAY AND FILE
INCOM NE TAX
BEFORE MAR. IS
y. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties Will Be Enforced.
WOMEN WITHIN LAWS SCOPE;
HOW THEY REPORT INCOME

HOW THEY REPORT INCOME
The Income Tax drive comes to q
close IN Saturday night, March Is.
The payments and returns due on
that date under the provisions of the
new Revenue Law must be in the hands
Of local Internal Revenue Collectors
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
Armistice Day is now called upon to
contribute his share of the cost of win
ming the war.
The laggards and the dodgers VIII
face severe fines and Jail sentences.
The Internal Revenue Bureau an
nounces that its officers will check us
III 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 North Dakota and
South Dakota are required to make
their returns and pay their taxes to
James Coffey. Collector of Internal
Revenue, Aberdeen, s. D., or to any of
his deputy collectors who are To- do
ing free advisory work on Income Tax.
Payments sent by mail should be at
tached to the returns and should be in
the form Of check, money order or
draft. Cash payments by mail are
rent at the Taxpayers risk Of loss.
II you r unable to make your re-
tuzn personally because Of Illness, alb
eence or incapacity an agent or legal
representative may make your return.
II there are any doubtful points as
- your items Of income or allowable
DEDUCTIONS you should get in touch at
once with q Revenue officer or q bank
- for advice.
Women Pay Tax.
Women are subject to all the re-
Qu6rements Of the Income Tax. Wheth-
- single or married, a woman's income
from al sources must be considered.
r. unmarried or II living apart from
her husband she must make her return
TOR 1918 IL her net income was $1,000
~ over.
lf married and living with her hus-
band her income must be considered
with the husbands In determining the
liability for a returns Their joint In
come. less the credits allowed by law,
y subject to normal tax. The wife's
net income Is considered separately In
computing any surtax that may be
due. Husband and wife file Jointly, as
: rble. II the husband does not in
clude his wife's income In his return
the wife must file a separate return.
Severe Penalties.
The new Revenue Law places severe
penalties on. q person who fails to
rake return on time, refuses TO make
return or renders a fraudulent return.
1er failure to make return and pay
tnx on time a fine of not more than
1900 Ii named and % per cent OF the
tn due II added to the assessment.
1pf refusing willfuliy to make return
" tor making . false or fraudulent re-
turn there Is q fine of not exceeding
$4,000 and Imprisonment Of not ex-
cqeding . year. OF both.
Farmers' lnceme Taxable.
Every farmer and ranchman who
had = fair or q good year in 1918 must
heed the Income Tax this year. He
must consider all his income as tax
able. He II entitled to deduct from
hlG gross income all amounts expended
- carrying on his farm. The cost Of
farm machinery, farm buildings and
Improvements cannot be deducted. The
cost ~ live stock, either for resale or
Tor breeding purposes. Is also regarded
- investment.
Overtime and Bonuses Taxed.
Salary and wage earners must con-
oder a taxable every item received
from employers and from other
sources. Bonuses and overtime pay
aEs to Be reported as well as the regu-
lar payments.
Allowances for Losses.
Losses sustained In 1918 and not
covered by insurance are deductible
items II incurred In the taxpayers
business or trade, In any transaction
undertaken for profit or arising from
IRE. storm, shlpwreck or other casu-
atty OF from theft.