The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1919-03-04
PAY AND FILE N
INC ONE TAX II
BEFORE MAR. Is
Y. s. Internal Revenue Bureau
Gkeo Warning That Severe
{. Penalties Win Be Enforced.
WOMEN WITHIN LAWS SCOPE;
NOW THEY REPORT INCOME

The Income Tax drive comes to Q
close on Saturday 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 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
Armistice Day IL now 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 New Jersey will make
returns and pay their taxes to Samuel
Irsdell, Collector OF Internal Revenue.
Camden, N. J., or to Charles v. Duffy,
Collector Of Internal Revenue. New
ark. who are now doing free advisory
work on Income Tax
Payments sent by mail should be at
taehed 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.
II you are unable to make your re-
turn personally because Of illness, abb,
sence or incapacity an agent or legal
representative may make your return.
II there are any doubtful points as
to your items, OF income or allowable
deductions you should get in touch at
once with a Revenue officer or q bank
er for advice.
Wonssn Pay Tax.
Women are subject to all the require
ments of the Income Tax. Whether
single or married, q woman's income
from al sources must be considered.
If unmarried or If living apart from
her husband she must make her return
for 1918 II her net income was 1000
or over.
If married and living with her hus-
band her income must be considered
with the husbands In determining the
liability for q return. Their joint In
come. less the credits allowed by law,
10 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 a
rule. II the husband does not include
his wife's income In his return the
wife must ale separate return.
Severe Penalties.
The new Revenue Law places severe
penalties on 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 a fine of not more than $1,000
is named and rs per cent Of the tax
due is added to the assessment. For
refusing wilfully to make return or
for making q false or fraudulent re-
turn there IL q fine Of not exceeding
$4,000 and Imprisonment of not ex-
ceeding one year. or both.
Farmsrs Income Taxable.
Every farmer krd ranchman who
had q fair or good year In 1918 must
heed the Income Tax this year. He
must consider all his income as tax
able. He II entitled to deduct from
his gross income all amounts expended
in carrying on his farm The cost of
farm machinery, farm buildings and
cannot be deducted.
The cost Of live stock, either for re-
sale or for breeding purposes, is also
regarded az 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 be reported as well as the regu-
lar payments.
Allowances for Losses.
Losses sustained In 1918 and not
covered by insurance are deductible
Items IL incurred In the taxpayers
business or trade, in any transaction
undertaken for profit or arising from
are. storm. shipwreck or other casu-
atty or from theft.