Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1919-02-27
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 Gate for Income Taxes
only a few weeks away, the collection
of this far-reaching tax on 1918 in
comes has started off with bang.
Everybody is figuring income tax.
Payments and sworn statements of
income must reach Internal Revenue
offices on or before March 10, and there
are severe penalties for delinquency.
Residents of Tennessee are required
to make their returns and pay their
taxes to Edward b. Craig, Collector OF
Internal Revenue, Nashville, Tenn, or
TO any of his deputy collectors who
are now doing free advisory work on
Income Tax.
"Pay your Income Tax by March
15," 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 10 by persons
who come under the following classifi-
cations:
Any unmarried person whose 1918
NET income was 81 900 or over Wild
ows and widowers, Divorces and r-ar-
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 he considered,
together with the earnings of minor
children, II any.
Revenue Bureau offers Aid.
Each person il the United States
who is in either of these ella. situations
must get busy at once If penalties are
to be avoided. He should secure
blank Form 1910 A for reporting net
income up to $5,0CJ. or Form l04O 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. If a 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-
dents. The Internal Revenue Bureau
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 required by law VIII
be In the Revenue Offices on time.
Exemptions Allowed.
A single person is allowed per
sonal exemption OF $1,000 If he is sup
porting in his household relatives who
are dependent upon him he may claim
the status of the head IF a family who
has the same exemption as if married.
A married person who lives with
WIIP OF HuSliI'I 10 liipNth a '4NAAtti
exemption of $1,000. The head of
family is entitled to claim a 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 per onal ex-
emption of $1,000 If they make sepa-
rate 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 saeuld
find out exactly how much he received
during the whole year 1915. Fees,
bank interest, bond interest, dividends,
rents received and all other items
must be reported correctly Mere
guesscs are not accepted, for they are
unjust alike to the taxpayer and the
Government and defeat the proper all
ministration of the law.