The Holly chieftain., 1919-03-06
EVERYBODY IS
NOW FIGURING
s44 INCOME TAX
In Order to Be Helpful to Public,
Internal Revenue Bureau
-. Has Every Available
Officer In Field.
SEVERE PENALTIES IF you
DELAY BEYOND MARCH Is

With the due date for Income Taxes
only q few weeks away, the collection
Of this far-reachins tax on 1918 In
comes has started or with bang.
Everybody is figuring income tax.
Payments and sworn statements OF
income must reach Internal Revenue
ences on or before March Is, and there
are severe penalties for delinquency.
Residents Of Colorado and Wyoming
are required to make their returns
and pay their taxes to Mark A. Skin
ner, Collector Of Internal Revenue,
Denver, Colo, or to any Of his deputy
collectors who are now doing free ad-
visery work on Incsns Tax
PAY your Incoms Tax by March
49," IL the slogan Of the Internal Rev
slus Bureau. which has sent every
available ofIicer int the field to help
the public to understand the require
uents and to prepare the returns.
Who Must Mako Return.
It 10 estimated that many thousands
Of single and married persons in this
section Of the United States who have
never before made annual returns are
required to do SO this year.
Income tax returns must be made
between now and March is by persons
who come under the following classifi-
cations:
Any unmarried person whose 1918
net income was 81 1000 or over. Wild
ows and wldowsrs, divorces and mar
ried persons who are living apart from
their husbands or wives, are for the
purposes Of the Income Tax classed a.
unmarried.
Any mayried person living with wife
or husband whose 1918 net income was
$1,000 or over. The income of both
husband and wife must be considered,
together with the earnings Of minor
children, II any.
Revenue Bureau Offers Aid.
Each person in the United States
who Is in either Of these claasifications
must get busy at once II penalties are
to be avoided. He should secure q
blank Form 1040 A for reporting net
income up to 5000, or Form 104O II
his net income exceeded that amount
Forms are being distributed by COllec-
tors and their Deputies, also by banks
BY following the Instructions on the
forms a correct return can be prepared
at home II a person needs advice or
aid, the Deputy Collectors in the field
will furnish this without charge.
The new Revenue law places the In
come Tax duty on citizens and resi-
dents. The Internal Revenue Bureau
Is sending its men to work right with
the public to get the tax and the re-
turns in. With active cooperation
every tax due March is will be paid
and every return required by law will
bs in the Revenue ofiicss on time.
ExsmptIsns Allowed.
A single person Ii allowed a per
sonal exemption Of 81, 900. II he is sup.
porting in his household relatives who
are dependent upon him he may claim
the status Of the head Of family who
has tho same exemption as II married
A married person who lives with
wife or husband is allowed personal
exemption Of $1,000. The head Of a
family is entitled to claim a similar
personal exemption.
An additional exemption Of $500 ID
allowed for each person under eight
cen or incapable Of self support who
was dependent upon and received his
chief support from the taxpayer.
A husband and wife living together
are entitled to but one personal eK.
emption Of $4,000 II they make sepa-
rate returns the exemption may be
claimed by either or divided.
Accuracy Required.
Absolute accuracy is necessary in
making up income figures. Any per-
son who Is working for wages should
nnd out exactly how much he received
during the whole year 1913 Fees,
bank interest, bond interest, dividends,
rents received and all other items
must be reported correctly. Mere
guesses are not accepted, for they are
unjust alike to the taxpayer and the
Government and defeat the proper ad-
ministration Of the law
r~ mr., vry~ yyo~-v.x - - 900 - ,vv