The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1919-02-25
EVERYBODY is
NOW FIGURING
INCOME TAX
In Order to Be Helpful to Public,
Internal Revenue Bureau
Has Every Available
Officer in Field.
SEVERE PENALTIES IF You
DELAY BEYOND MARCH IS

I'LL the uuc udtC 1Ot AnNOhAC AAASo
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 15 and there
are severe penalties for delinquency
Residents of New Jersey will make
returns and pay their taxes 10 Samuel
Iredell, 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.
..Pay your Income Tax by March
49," is the slogan of the Internal Rev
enue 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 year.
Income tax returns must be made
between now and March Is by persons
who come under the following classifi
cations:
Any unmarried person whose 1918
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 Tax 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, If any.
Revenue Bureau Offers Aid.
Each person in the United States
who is in either Of these classificatiOns
must get busy at once If penalties are
to be avoided. He Should secure a
blank Form 1910 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 a correct return can be prepared
at home. II person needs advice or
aid, the Deputy Collectors in the field
will furnish this without charge.
The new Revenue law places the In
come Tax duty on citizens and resi-
Tvnkn n,rr
is sending its men to work right with
the public to get the tax and the re-
turns In. With active cooperation
every tax due March Is will be paid
and every return feQuired by law will
be in the Revenue offices on time.
Exemptions Are Allowed.
A single person is allowed personal
exemption Of $1,000. If he is support.
ing in his household relatives who are
dependent upon him he may claim the
status Of the head Of family who has
the same exemption as If married.
A married person who lives with
wife or husband Is allowed a personal
exemption Of $1,000. The head Of a
family is entitled to claim q similar
personal exemption.
An additional exemption Of $500 Is
allowed for each person under eight
cen or incapable Of self support who
was dependent upon and received his
chief support from the taxpayer.
A husband and wife living together
are entitled to but one personal ex-
emption of $1,000. If they make sep
arate returns the exemption may be
claimed by either or divided.
Accuracy Required.
Absolute accuracy is necessary In
making up income figures. Any per.
son who Is working for wages should
find out exactly how much he received
during the whole year 1913. Fees
bank interest, bond interest, dividends
rents received and all other items
must be reported correctly. Mere
guesses are not accepted, for they arc
uutust alike t0 the taYDayor and the