The Bridgeport times and evening farmer., 1919-02-26
PAY AND FILE INC0 ME TAX
 BEFORE MAR. 15
U. s. Internal Revenue Bureau Gives Warning That Severe
 Penalties Will Be Enforced.
WITHIN LAWS SCOPE;
 HOW THEY REPORT INCOME

The Income Tax drive comes to & close on Saturday night, March 15.
 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 Collec- tors before 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 Armtstice Day is Low called upon to contribute his share of the cost of win 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 Connecticut and Rhode Island should make their returns and pay their taxes to James J. Walsh, Collector of Internal Revenue, Hart. ford, Conn.,, or to any of his deputy collectors who are now doing free ad- visory work on Income Tax. Payments sent by mail should be at. tacheG to the returns and should be in the form of check, money order or draft. Cash payments by mail are sent at the taxpayers risk of loss If you are unable to make your re- turn personally because of illness, ab- sence or incapacity an agent or legal representative may make your return.
 If there are any doubtful points as
  deductions you should get iR touch at once with a Revenue officer or a bank CT for advice
 Women Pay Tax
 Women are subject to all the require 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 return for 1918 if her net income was S1OOO 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 h. come, less the credits allowed by law, is subject to normal tax. The wife's
  computing any surtax that may be due Husband and wife file jointly, as a rule If the husband does not include hts wtfeis income in his return the wifs must file a separate return
 Severe Penalties. The new Revenue Law places severe penalties on 8 person who fails to make return on time, refuses to make return or renders fraudulent return For failure to make return and pay tax on time 8 fine of not more than $1OO0 is named and % per cent of the tax due Is added to the assessment. For refusing wilfully to make return or for making 8 false or fraudulent re- turn there is a fine of not exceeding S1o,000 and imprisonment of not ex- ceeding one year, or both.
 Farmers Income Taxable. Every farmer and ranchman who had 8 fair or a 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 re- | 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 pay are to he reported as well as the regu- lar payments.
 Allowances for Losses
 Losses sustained in 1918 and not l covered by insurance are deductfble items if incurred in the taxpayers business or trade, in any transa ction i undertaken fer profit or arising from i fire, storm, shipwreck or other casu- alty OF from theft