The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-03-09
EDWARDS TO SOLVE
ALL TAX PROBLEMS
Collector Has Experts Avail
able in Many Sections to
Make Out Returns.
TIME PAY PLAN OFFERED
March Is Last Day for Filing
Deduction Rules Are
Explained.
ny WILLIAM II. EDWARDS.

ny WILLIAM II. EDWARDS.
Internal Revenue Collector for the Sec
ond District, Netp York.
With but six days remaining for pay
ment of income tax-the last day for
filing and paying at least one-quarter Of
the tax being March 15-this Office Is
prepared to assist the taxpayer in every
way in the preparation Of his return and
to facilitate the payment Taxation ex-
perts are available at this office and at
the following points in the financial and
downtown sections of the city:
American Exchange National Bank,
1928 Broadway Association of Stock Ex-
change Firms. AZ Broadway; Bankers
Trust Company, Nassau and Wall streets :;
Battery Park Bank. Broadway:
| Central Trust Company, % Wall street |;
| Chatham and Phoenix National Bank,
1ts broadway Chemical National Bank.
ESQ Broadway: Citizens National Bank.
$50 Broadway; Coal and Iron Bank.
143 Liberty street. Columbia Trust
Company. 60 Broadway: Federal Re-
serve Bank, 100 Broadway; Fidelity
Trust Company. Chambers street and
| West Broadway: w. r. Grace & Co. 7
/
William street; Hearn's Department
J Store, West Fourteenth street: Irving
National Bank. 233 Broadway; Title
| Guarantee and Trust Company, 176
Broadway; United States Mortgage and
| Trust Company, 55 Cedar street Wanna
! makers. Eighth street and Broadway :
Irving Trust Company. Market and Gold
streets; National Park Bank. 214 Broad
| way.
| We expect q great flood of returns
and cash in the coming week and we
| extend cooperation to the taxpayer. and
| from last years experience we know
| that We will have the cooperation Of
| the public. As last year this office will
be open until midnight next Saturday
for the convenience OF taxpayers. We
are confronted with a great task. but
I feel supremely confident Of the ulti-
mate result.
Quarter Payment Plan.
The total of the tax found to be due
may be paid in full upon filing return,
but the law provides that the tax may
be paid in four equal instruments as
| follows:
One-quarter at the time of filing re-
turn, not later than March Is.
| One-quarter on June Is.
| One-quarter on September 10.
| One-quarter December 10.
If any instalment is not paid when
| due the whole amount of the tax un-
paid shall become due and payable upon
notice and demand OF the Collector
| The statement that the Taxpayer Ia
unable by March Is to executs and nie
the complete return will be accepted as
| sufficient reason for extending for
| forty-flve days the time for filing the
| complete return. provided IN every case
the taxpayer pays on or before March
| 10 at least % per cent. OF the esti-
mated amount of the tax due Form
| 1910 (T) may be used for this pur-
| pose.
! Although partnerships are not sub
ject to any tax as a partnership this
year returns Of partnership income
must be made on form 1865 on or before
March 49, However, an extension Of
sixty days has been granted by the
department Should the partnership be
unable to determine Its net income
pr or TO March Is the individual mem
bers of the firm should report their
estimated share OF the profits with other
income on tentative form 1910 (To pre-
viously explained.
| The same provisions as to time of
filing returns apply to fduciaries as to
| individuals. Form 104l must be used
and where II is not possible to file a
correct return by March Is an extern
sion of not more than sixty days has
| been granted.
Forms for Corporations.
! Every corporation, except an exempt
| corporation, Is required to file return
on form 1870 This form covers in
come, war profits and excess pronts
| taxes.
Corporations reporting on the calen-
| dar year must file on or before March
Is. Payments may be made In the
same manner as outlined for lndivid-
! uals.
| If 1t is not possible to file a complete
| return on or before March Is the cor
poration may file a tentative return on
| form 1881 CT). payment of 25 per
cent. of the estimated tax must accom-
pany the return. This will extend the
time of filing the completed return for
not more than forty-fve days.
/ Personal service corporations must
make a return of income regardless Of
the amount Of their net income on form
| 1865 trevised). This form Is tina -a-na
as used by partnerships and the same
II