Jackson County journal., 1919-02-28
PAY and FILE
INC0 NE TAX
BEFORE IS
u. S. Internal Revo1u Bure;:u
Giyes Warning T,:::at Severe
Penalties Will Be Emf jTced.
WOMEN WITHIN LAWS SCOPE;
HOW THEY REPORT INCOME

The Income Tax drive comes to
close on Saturday night. March 10.
The payments and leturhs due on
that date under the provisions OF the
new Revenue Law must lie 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 hi; horn on
Armistice Day is now called upon to
contribute his share of the cost of Will
ming the war.
The laggards and the dot',Fers will
face severe fines and Jail sentences
The Internal Revenue Bureau al
nounces that it's officer; will check us
all up to see that every person who
comes within the scope of tie Income
Tax law did his share.
Where to Pay aad File.
Residents Of North Carolina should
make their returns and Iny Their
| taxes to Josiah w. Bailey, Collector Of
Internal Revenue, Raleigh, or to Aus
| tin D. Watts, Statesvil., or to any or
| the deputy collectors VITO are now do
| Ing free advisory work C- Income Tax.
| Payments sent by mail should be at
tached to the returns and sho;:ld be IN
the form Of check, money order or
draft. Cash payment. by mail are
sent Mt the taxpayers risk of loss
| If you are unable to make Scur re-
| turn personally because of i'll ieSs, ab-
ssnce or incapacity an agent n legal
representative may make yo"r return.
II there are any doubtful points as
to your items of income or allowable
deductions you should get in touch ut
once With Revenue officer or bank
er for advice
Women Pay Tax.
Women are subject to all the re-
quirements of the Income Tax Wheth-
er single or married, woman'S income
from all sources mist be considered.
II unmarried or if living arart from
her husband she must make her return
for 1918 if 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 determ: ming the
liability for return. Their joint in.
come. less the credits allowed by law
is subject to normal tax. The wife's
net income is considered separately ir
computing any surtax that may be
due Husband and wife file jointly, as
rule. If the husband does not in
clude his wife's income in his return
the wife must file separate return.
Severe Penalties.
The new Revenue Law places severe
penalties on person who fails tt
make return on time, refuses to max
return or renders a fraudulent return
For failure to make return and pa.
tax on time a fine Of not more thar
81 900 is named and 25 per cent of th'
tax due is added to the assessment
For refusing willfully to make return
or for making a false or fraudulent re
turn there is q fine of not exceeding
) $4,000 and Imprisonment Of not ex
/ 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. II
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 O
: farm machinery, farm ''.luings an
improvements cannot be deducted. TIL
cost of live stock, either for resale O
!. for breeding purposes, Is also regarde
F. . as investment.
o Overtime and Bonuses Taxed.
: Salary and wage earners must cor
t slider as taxable every item receive
: from employers and from ethe
v sources. Bonuses and overtime pa
r are to be reported as we'll as the regl
l. lar payments.
t Allowances for Losses.
: Losses sustained In 1918 and nc
covered by insurance are deductibl
items II incurred in the taxpayer
d business or trade, in any traEsactio
l. undertaken for profit or arising fro
It fire, storm, shipwreck or other cas-,
Y atty or from theft.