Pine Bluff daily graphic., 1919-02-26
w. A. Matrock Has Office in Postoffice to Explain
 Questionnaires.

the deputy collector He will be here until the 15th of March, and yester- day. lla said. T hope. every one who wishes to have the return form ex- plained would pay me a visit as the returns must be in by the 10th and that leaves but little time"
 Penalties Announced.
 The penalties for, first, not mak- ing a return on time are, not more than $1.00O and, in addition, % per cent of the amount of the tax due For making false or fraudulent re- turn. the, penalty is not exceeding $10,O0O, or not exceeding one years Imprisonment, or both, in the discre- tion of the court, and, in addition. oO per cent of the tax evaded. For fail ing to pay the tax when due. the pen atty if 5 per cent of the amount un- paid, plus one CT cent for each full month during which it remains un- paid
 Exemptions,
 Persons who received pay for active service in the military or naval ser vice of the United States are ex- empt on salaries up to $3,500. Other exemptions are:
 1. Pay not exceeding $3,50O, for active services ill the military and na- val forces of the United >tSates.
 2. Gifts (not made as considera tion for service rendered and money and property acquired under will or by inheritance fbut the income derived from money or property re- ceived by gift, will or inheritance is taxable an must be reported.
 3. Interest on bonds ind other ob- ligations of the United States issued before September 1. 1917, and on such bonds and other obligations issued since that date, provided your hold ings do not exceed the amount ex- emptions ellowwed by law.
 A. Interest on bonds and other ob- ligations of the United States pos sessions Philippines, Porto Rico, etc).
 5. Interest on bones and other obligations of states. territories po- litical subdivisions thereof. (such as cities, counties, and tcwnships), and the District of Columbia.
 6. Interest on Federal Farm Loan bonds.
 z. Proceeds of life insurance poli- cies raid on the death of insured.
 s. Accounts received ny the insur- ed under life insurance. endowment, and annuity contracts, provided such payments do not exceed the premiums paid in. The amount by which the total payments have been received ex- ceed the total premiums paid in is in- come and must be reported in Sched- ele G.
 g. Amounts received from accident and health insurance and under work mems compensation acts plus the amount of any damages received by suit or agreement on account of injuries or sickness.
 Tax Single Men.
 "No salaries received from the state, or subdivision of the state will be taxable," Mir. aMtrocA stated. However" he said, "all single men whose income amounted to more than a thousand dollars, and married men whose incomes amounted to over two thousand dollars must make return whether they are exempt or not"
 The period to be covered by the re- turn is for the calendar year 1918 ex- cept in the folloinw gace:
 2. If you are engaged in business and keep books of account which are regularly closed each year at the end of some month other than December to determine your annual profit or loss, you may, after obtaining the collectors approcal, make return covering the period from January 1, 1918, to the date on which you clos ed your books, and thereafter for each period of 12 months.
 The return must be submitted to the collector of internal revenues for the district in which the tax payer lives. The tax must be paid as follows:
 1. The tax should be paid, if pos sible by sending or bringing with the return check or money order drawn to the order of "Collector of Internal Revenue at (insert name of city and State.)"
 2. Do not send cash through the mail, or pay it in person except at the office of the collector or regular es- tablished internal revenue stamp of flee.
 O. AL leaSI OHcsi0uItU Ol ttlc tax IS due at the same time this return is due.
 4. An additional amount suffi- cicnt to bring the total payments up to one-half of the tax is due on or be- fore June 15, 1919.
 5. An additional amount suffi- cient to bring the total payments up to three-fourths of the tax is due on or before September, 1919.
 6. The entire remainder of the tax is due on or before December l5, 1919
 2. If any payment snot made when due, penalty of per cent of the amount due but unpaid will be incurred. The entire unpaid balance of the tax will also become due 10 days after deman dtherefor by the collec- tor
 $. If you pay in cash. do not fail to get receipt at the time of payment. If you pay by check or money order, your cancelled check or your money order receipt will serve as receipt.