The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1919-02-28
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

With the due date for Income Taxes
only a few weeks away, the collection
Of this ~far-reaching tax on 1918 tn
| comes has started off with a bang.
Everybody Is figuring income ax.
Payments and sworn statements OF
Income must reach Internal Revenue
offices on or before March Is, aud there
are severe penalties for delinquency.
Residents OF Alabama and Missis-
sippi are required to make their re-
turns and pay their taxes to John u.
McNeel, Collector of Internal Reeve
nue., Birmingham. Ala, or to any Of
his deputy collectors who are DOW do
ing free advisory work on Income Tax.
"Pay your Income Tax by March
10" Is the slogan OF the Internal Keve-
nue. Bureau, which has sent every
available officer into me field TO help
the public to understand the require
nents 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 50 this year.
Income tax returns must be made
between now and March Is by persOns
who come under the following classic
cations:
Any upmai ried person whose 1915
ne income was $1,000 or ver 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 eiasse0
a. unmarried.
Any married person living with wife
| or husband whose 1918 net income was
$1,000 or over. TIE income Of both
| husband and wife must be considered,
together with the earnings Of minor
children. if any.
Revenue Bureau Offers Aid.
Each person i'm the United States
Who is in either of these claSSiiicHtiOnS
must get busy at once II penalties are
10 he avoided. He should secure q
blank Form 104O \ for reporting net
income up to $1,000, eY Form 100 II
his net income exceeded that afnouni
Forms are being distributed by CO,lec-
tors and their Deputies, also by banks
BY following the Instructions on the
forms "a correct return can he prepared
at home. IL q person needs advice OF
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-
! dents. The Internal Revenue Bureau
IS sending its men to work right With
the public TO get the tax II the re-
turns in. With active cooperation,
every tax due March IS will he PAID
and every return required ny law will
be in the Revenue offices on time.
Exemptions Allowed.
A single person is allowed IL 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 a family who has
the same exemption Us if married.
4 married person, who lives with
wife or husband. is allowed Il personal
exemption of $1,000. The head Of /:
family is entitled 70 claim "A similar
personal exemption.
Al additional exemption of 5000 is
allowed for cacl person under eighteen
or incapable of self support, who vas
dependent upon and received his chief
support from he taxpayer.
A husband and wife living together
arc entitled TO hut one personal OK
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 mp income figures. Any per
son who IL working for wages should
find our exactly how much he received
during the whole year DlS. Fees.
bank interest. bond interest, dividends,
rents received, and all other items
must be reported correctly. Mere
g,les&eS are not accepted, for they are
unjust alike 10 The taxpayer and me
Government. and defeat the proper ad
mit,iStrntior~ Of the law.