Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1919-02-27
EVERYBODY IS
now FIGURING
INCOME TAX
In Order to Be Helpful to Public
internal Revenue Bureau
Has Every Available
officer in Field.
SEVERE PENAL TIES If YOU
DELAY BEYOND MARCH is

With the due date for Income Taxes
only a few weeks away, the collection
Of this far-reaching tax on 1918 In
comes has started off with a bang.
Everybody is figuring income tax.
Payments and sworn statements Of
income must reach Internal Revenue
Offices on or before March is, and there
are severe penalties for delinquency
Residents Of Iowa are required to
make their returns and pay their taxes
to Louis Murphy, Collector Of In
ternal Revenue, Dubuque, Iowa, or TO
any Of his deputy collectors who are
now doing free advisory work on In
come Tax
PAY your Income Tax by March
To-" is the slogan Of the Internal Reve-
nue. Bureau, which has sent every
available officer into the field to help
the public to understand the require
ments and to prepare the returns.
Who Must Make Return.
1t Is 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 yeaS.
Income tax returns must be made
between now and March Is by persons
who come under the following classic
cations:
Any unmarried person whose 1915
net income was $1,000 or over. Wild
ows and widowers, Divorces and mar
ried persons who are living apart from
their husbands or wives, are for the
purposes of the Income Tux classed
as unmarried.
Any married 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 10 in either Of these classificatiOnf
must get busy at once II penalties ar,
to be avoided He should secure Z
blank Form lO40 A for reporting net
income up to $1,000, or Form 1040 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 correct return can be prepared
at home. II person needs advice OF
aid, the Deputy Collectors In the fielt
will furnish this without charge.
The new Revenue law places the In
come Tax duty on citizens and resi-
dents. The Internal Revenue Burea,
Is sending its men to work right viii
the public to get the tax and the re
turns in. With active cooperation
every tax due March IS will be pal,
and every return required by law vii
be In the Revenue Offices ON time.
Exemptions Allowed.
A single person is allowed a persona
exemption Of $1,000. II he is support
ing In his household relatives who ar
dependent upon him, he may claim tn
status of the head Of family who ha
the same exemption a. II married. i
A married person, who lives witt
wife or husband, is allowed persona
exemption of $1,000. The head OF
1amlly is enlllleu 10 ClalIn Slnilla
personal exemption.
An additional exemption OF $500 1
allowed for each person under eightee
or incapable of self support, who wa
dependent upon and received his chic
support from the taxpayer.
A husband and wife living togethe
are entitled to but one personal e,
emption of $1,000 If they make SCI
arate returns, the exemption may b
claimed by either or divided.
Accuracy Required.
Absolute accuracy Is necessary
making up income figures. Any pei
son who is working for wages shoul
find out exactly how much he receive
during the whole year 1918. Fee
bank interest, bond interest, dividend
rents received, and all other item
must be reported correctly Mel
guesses are not accepted, for they al
unjust alike to the taxpayer and I'll
Government, and defeat the proper at
ministration OF the law.
**t++kk ~ tttt
4 INCOME TAX is
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