The daily banner. (Cambridge, Md.) 1897-2008, 1919-02-25
EVERY MAN RECEIVING
1000 SHOULD READ
Continued From Page One.)

any subdivision of a State or Terri
tory, such as city, town, county or
village, and of the District of Column
bia.
Interest on securities issued under
the provisions of the Federal Farm
Loan Act of July II, 1916.
Interest on the obligations of the
United States, except that in the case
of obligations issued after Septem-
Der 1, 1917, the interest is exempt
only to the extent provided for in
the Liberty Bond Acts. Interest on
Liberty Bonds to the par value of
$4,000 is exempt from all taxation.
| Holders of large amounts of Liberty
Bonds are advised to consult their
bankers or collectors of internal
| revenue as to interest exemptions.
Amounts received through acct
dent or health insurance, or under
workmen's compensation acts, plus
the amount of damages received,
whether by suit or agreement, on
account of such injuries or sickness.
Amount received during the war
by person in the military or naval
forces for active service not to ex-
coed $4,000.
Husband or wife whose combined
net income for 1913 equalied or ex-
ceeded $4,000 must file a return,
either separate or joint, as desired.
If separate returns are filed, either
one may claim the personal exemp-
ton of $4,000, or they may divide it.
A widow, a woman living apart from
her husband, or a maid must file
return if her not income was $1,000
or more.
The Bureau of Internal Revenue
is seeking to impress upon the pub
lie the necessity for compliance with
that section of the law requiring
return of income whether or not the
income is taxable. The single man
With an skaet income OF g :o9a. Or
the married man With an exact M
come of $4,000, who decides that, |
because his income is not taxable, he
need not bother about filing return,
is making mistake.
A checking system will inform the
Bureau of Internal Revenue of de-
linquents. Under the information
at source" provision of the act, eV-
cry individual, corporation or part
nership which paid in 1918 to anoth-
er individual, corporation or partner
ship $1,000 or more, must make a
return of such payment to the Com |
missioner of Internal Revenue. These |
returns are required of employers, !
lessees and mortgagers of real estate, |
and fiduciaries, and must include
rents, salaries, premiums, and annu- |
tiles. Employers are required to
make separate return of each pay
ment of $1,000 or more to employees, !
and wherever possible, must state |
whether the recipient is single, mar
ried or the head of a family.
Forms for filing income tax re-
turns may be obtained at the Office |
of collectors of internal revenue. |
Announcement of their date of distri-
button will be made by collectors.
Taxpayers, whose net income for191S
was less than $4,000, should ask for
Form 1040 A. Those whose income
eI, r fnr
Form 1040.
The man who this year is required
to pay an income tax is urged by the /
Bureau of Internal Revenue to file
his return without delay, as means
not only of avoiding possible future 1
embarrassment to himself, but as an 1
aid to the Government in the collec-
ton of it's war revenue.
''It must be remembered" said 4
Commissioner of Internal Revenue
Daniel c. Roper. that the revenue
to be derived under the current act
is to be used to defray the cost of a
war that has brought victCry to the
United States and it's allies. The es-
total is $4,000, 1000. Com
pare this with the indemnity that
would have been demanded by Ger
many had victory been on the other
side. The man who pays an income
tax this year may do so with thank
full heart, secure in the knowledge
that he is bearing only his just share
of common burden, which no loyal I
American would evade."