The Sun. [volume] (Price, Utah) 1915-1932, 1919-01-24
INCOME TAXES ARE DUE
WITHIN VERY SHORT
TIME
EACH PERSON URGED TO FIG.
URE OUT HIS SHARE.
Early Preparation Of Returns VIII
Save Those Subject to Law Much
Trouble and Annoyance - Blanks
Not Here, But Promised BY Col
lector Whaley At Very Early Oats.

With the income iaN returns due "a
u few weeks. residents of the inter
mountain section are being urged by
W. G. Nhalcy. internal revenue col
'cctor. IN staten, Mt issued last Tues.
dav to prepare tor the tax hy the
carly compilation IT incomes for 1918.
7 racticuliN ~ of Tire business for 1915
'r now settled. according 10 Whaley,
End with wages higher than ever be.
fore in the history at the country,
practically EVERY lfhorrr professional
man and the hcuds of all industrio.
will he compelled tu at least make n
statement ul hia earnings. lly the
'nriv preparation Of figures much Of
Tie difficulty experienced IN making
income tax return. will bc eliminated.
Although the blanks have not vet ar
rived. The figure may be- compiled
rud bV th, time Stat blnnks are read
for distribution there will be- mo- DELAY
10 making the returns
"Thc income tax obligations i'm.
ro.cd bN the old laws" Whalcy says,
'us we'll ns the measure now in con
vrrss, consist of two distinct oper
riions. On, IN IN file return or state.
mcni ol oil items of income and items
"f deductions allowable bv law. AMI
io do this within the period named In
tine law. The other IL Ia uny the tax,
u any ~ due. Neither Of these obliga.
tons can be- met without q careful
r"vicw oi income md expenditures
for the tuN Nrnr That is the biz Job
right now, and that b. why I say IN,
income tay drive b. already uudnf
way Everywhere the pencil ~ busy.
he old year is done. Az IT, fruits
nrr CLEANED and every person who
Jared we'll ur earned n good compc
ipprc must aunlys, his own ease ~
cold Figures. H. must ascertain nc
IcuNtoiy be- gruss income from all
sources. There = h,s salary or wngos.
including overtime pny and my bonus
received a. additional compensation.
\ married person having children
under rs years who are working
should include the earnings of such
children.
eli he sold am property nj a prI
~ the gain must h, computed and in.
Icluded "a gross income. IL he rcntei
nny property Ia other persons. tho
total rents received In the ynnr u -
be asccriaincd. and from that figuto
n deduction may be- taken '1r tnycS
pnld on rented property, the nc,Cs.
Fnry minor rcpuifs. fire insurance.
nnN interest he may have pnid on
muringe aud reasonable nllnwnncs
for annual wear and tear oi the rent
cd property m, balance ~ included
u gruss income Tor The ycnr
"ENcrN body wants 10 know wha
income IN CNrmpt from tnN Very few
plims that fall lu The average man
may be- legally di,rrgnrdcd In figr
ing NJ his 1918 income. Gifts 4
Requests can be- eliminated. Also
cccds Of life Insurance received
the beneficiary of an insured per<
person Who cashcd IN an ed
ment policy need report ns incdm
only that portion which exceeds the
total of the premiums he paid IN NJ
wears ON that policy Annuities are
not taxable. unless the persons re.
reived IN the year payments which
represent, when added Ia all prior
payments on the nbnuity. an amount
greater than the original cost of tho
annuity Dividends ON uneNpired life
insurance policies are not taxable in
come. but dividends on paid MP poll
cics must be considered income. Ali
monv Is not income 10 the recipient,
nor is Il hn allowable deduction on the
part of the person who pays.
90 10. He total - al Ia
come there are certain deductions al
lowable by law Al interest paid on
personal Indebtedness and an taxes
paid during the year are deduciiblC.
except federal income aud excess
woflts Faxes. inheritance taxes and
assessments for local improvements,
such ls sidewalks, sewers and a.,
Ike, Losse, incurred ia business or
trade are allowable, also losses aria-
iug from fires, storms, shipwreck or
other casualty on from theft, Ina eases
whore such losses are not compen-
satcd for by insurance or otherwise.
Losses incurred outside of n persons
regular business are allowable 10 the
extent of gains reported from similar
transactions within the year. Debts
due 10 the taxpayer actually nscer-
tanned 10 be worthless during the
wear are doductibie
Contributions or gifts actually
made m 1918 10 organizations operat
ing exclusively toi religious, Chart
able, scientific on education purposes,
and TO societies for the prevention %
cruelty 10 children or animals, may
be deducted, 10 an amount not ex
reeding 10 per cent of the net in
come computed without the bonefit Of
this deduction"
Opinions among Legislators of Ar.
....u -. Ii. IL -. IL. 4 ~