Jackson County journal., 1919-02-28
PAY AND FILE
! Income: TAX
/ BEFORE MAR. IS
U. S. Internal Revenue Bureau
Gives Warning That Severe
PenaItlea Will Be Enforced.
WOMEN WITHIN LAWS SCOPE,
HOW THEY REPORT INCOME


The Income Tax drive GENES to q
close on Satul day night, March Is.
All 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 be-
fore 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 wiz
ming the war;
The laggards and the dodgers will
face severe fines and Jail sentences.
The Internal Revenue Bureau an
nounces that its officers will check us
all 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 Carolina should
make their returns and pay their
taxes to Josiah w. Bailey, Collector Of
Internal Revenue, Raleigh, or to Aus
tin ID. Watts, Statesvile, or to any Of
the deputy collectors who are now do
ing free advisory work on Income Tax.
Payments sent by mail should be at
tached to the returns and should be IL
the form OF check, money order or
draft Cash payments by mail are seat
nft No. Inv -, ,,,i..1- <Of1
If you are unable to make your re-
turn personally because of iliaess, ab-
sence or incapacity, an agent or legal
representative may make your return.
If there are any doubtful points as to
your Items of income or allowable de
ductions, you should get in touch n,
once with Revenue officer or BANG
er for advice.
Women Pay Tax.
Women are subject to all the requre-
mentS OF the Income Tax. Whether
single or married, woman's income
from all sources must be considered
If unmarried, or if living apart from
her husband, she must make her re
turn for 1918 If her net income was
$1,000 or over
If married and living with her hus.
band, her income must be considered
with the husbands in determining 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 in
computing any surtax that may be due
Husband and wife file Jointly. as
rule. If the husband does not includ,
his wife's income in his return, the
wife must file separate return.
Soyere Penalties.
The new Revenue Law places severe
penalties on a person who fails t.
make return on ti1ne, refuses to max.
return or renders fraudulent return
For failure to make return and pay tax
on time fine Of not more than $1,000
is named, and % per cent Of the tax
due is added to the assessment, For
refusing wilfully to make return or
for making false or fraudulent re-
turn there is fire of not exceeding
$lO,OOO and Imprisonment of not ex-
ceeding one year, or both.
Farmers Income Taxable.
Every farmer and ranchman who
mad fair or GOOD year in 1918 must
heed the Income Tax this year. He
must consider all his income as tax
able. He is entitled to deduct from
his gross income all amounts expended
In carrying on his farm. The cost of
farm machinery, farm buildings and
improvements cannot be deducted
The cost Of live stock, either FOR ro
sale or for breeding purposes is also
regarded as investment.
Overtime and Bonuses Taxed.
Salary and wage earners must con.
slider as taxable every item received
from employers and from other
sources. Bonuses and overtime nav
are to be reported, as we'll as the regn-
lar payments
Allowances for Losses.
Losses sustained in 1915 and not GOV.
ered by insurance are Geductible items
IL incurred In the taxpayers business
or trade, In any transaction under
taken for profit, or arising from fire
storm, shipwreck or other casuaItv or
from theft.