Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1919-03-06
DON'T PUT OFF TO LAST DAY
MAKING OF RETURNS TO
u S. OFFICERS
ALL UP TO THE INDIVIDUAL
Blank Forms Are Available a Banks lor
Preparing Reports on
Money Received

Mdfcn lOln, Tor paying your income
Tax and making your return. AvoiC
the last minute rush. Any person cal
figure out his liability today as well as
he can next week, and if there is any
point on which he needs advice he car
now get in touch with a Revenue man.
This word Of advice is from William
c. Whaley, Collector of Internal Reve
nue. Helena, Mont, who is collecting
the Income Tax in Montana, Idaho anC
Utah. Collector Whaley is giving with
out charge every aid of his Office anC
his enlarged field force to help the PEG
pie get their payments and their re
turns in by March 10Th.
But the Income Tax men will not
pull your door-bell or your cOat-tails,
according to the Collectors announce
ment It is squarely up to every indl-
vidual to figure out his own case and
to get busy if he comes within the
scope Of the new Revenue law.
Did You Earn This Much2
Every unmarried person who receiv-
ed income averaging $1925 a week
during 1918 and every married couple
who jointly received income averaging
$3.50 a week should secure at once
from the nearest Deputy Collector or
the nearest bank a blank Form 1910 A.
That form contains the information he
will need to enable him to figure his
! correct net income and any tax that he
owes the Government
The law requires that every unmar-
ried person who had a net income of
| $1,000 or over and every married per
son whose net income was $1,000 or
over Gncluding the income of husband
or wife, and the earnings of minor
children, if any must make a return
on or before March 18th. And this re-
quirement does not hinge on whether
the person owes a tax.
Taxable Income.
An Individual must include under
gross income all gains, profits and in
come derived from salaries, wages, or
compensation for personal service of
whatever kind and in whatever form
paid, or from professions, vocations,
business, sales or dealings in property
or profits derived from any source
whatever Very few items of income
are exempt.
Deductions include ordinary and nee
essary business expenses, interest paid
or accrued on Indebtedness, taxes of
all kinds except Federal income and
excess profits taxes and assessments
for local benefits, losses actually sus-
tanned, debts ascertained to be worth
less, and depreciation on buildings, ma
chnery, fixtures etc, used in business. /
A further deduction Is allowed for con-
tributions to corporations operated for
religious, charitable, scientific or edu-
cational purposes or for the prevention !
Of cruelty to children or animals to an
amount not exceeding 10 per cent of |
the taxpayers net income as computed !
without the benefit of the contribution /
deduction.
The taxpayer is not allowed to de- |
duct any. personal, living or family ex-
pense, any amount spent for improving |
or any expense Of restoring !
property or making good its exhaus-
ton for which an allowance is claimed |
under depreciation.
Figuring the Tax.
Before Fl ring the normal tax the
dividends are deducted as credits from
net income, together with the personal
exemption. As in previous years, divi-
dends of domestic corporations are ex-
empt from normal tax when received
by the stakeholder.
The normal tax rates for citizens
and residents are as follows On, the
first $4,000 of net income in excess of
the credits the rate is 6 per cent; on
my further taxable income Tie rate is
II per cent.
The surtax rates apply to net in
come Of each individual in excess of
$1,000 The personal exemption and
he dividends are not deductible before
surtax. In the case of re-
-urns by husband and WIFE, the net
income Of each is considered separate
Y in computing any surtax that may
)e due Form 1910 should be used for
making returns of net income exceed
ng $4,000, and the instructions on that
orm will show how to figure the sur
ak.
Business House Returns.
Employers and others who paid
wages, salaries, rents, interest or sim
lar determinable gains in an amount
f 81 900 or over during 1918 10 any
ersOn must file an Information return
With the Government. Blanks may be
pcured from fhe Collector
Every partnership must file return
howlng its income and deductions and
he name and address of each partner, |
nth his share Of the profits or losses
urlng the past year. Personal service
will file similar informa-
lon for 1918