Richmond daily register. (Richmond, Madison County, Ky.) 1917-1978, 1919-02-15
INCOME TAX DRIVE
ON AT FULL BLAST
Deputy Collectors Stationed Here To
Help Taxpayers-Tevis Huguely
Explains Laws Requirements

Help l8Npdyefs-1cS3 huBuc1y
Explains Laws Requirements
Deputy Internal Revenue Collectors
Teyis Huguely and Greed Russell have
been here for several days getting
things lined up for the big Income
Tax Drive Of 1919, which is under
way. Every preparation is being
made to handle the largest collection
in the history of the income tax. "We
are not waiting for the final passage
of new revenue bill by Congress"
said Mr.. Huguley, "nor for the new
regulations and blank forms to be
used. To get this big tax in and get
it accurate and complete, urge that
we all begin now"
"The income tax obligations impos-
ed BY the old laws, as well as the
measure now in Congress, consist Of
two distinct operations; one is, to file
return or statement Of all items Of in
come and items Of deductions allow
able by law, aid to do this within the
period named in the law. 1ae other is
to pay the tax, II any be due
Neither of these Obligations can
be met without a careful review Of m
come and expenditures fo- the tax
year. That is the big job right now,
and that is why I say the income tax
drive is already under way. Every
where the pencil is busy. The old
year is done; all its fruits are CLEAN
ed: and every person who Jared well,
or earned a good competence, must
analyze his own case in cold figures.
"Whe nthe new bill is enatced into
law, we will have the proper return
forms distributed throughout the dis
trict and everybody will be informed
of the date when the sworn returns
must be filed. 1t is my plan to send
nv men out to central locations and
to have them travel through the dis
trict, aiding taxpayers in the prepara-
ton of the returns and in deciding
doubtful points. We Will go right to
the people with the income tax, and
with the cooperation which the public
can give the government men, the re-
turns will be filed by everybody who
comes under the laws provisions, the
right taxes will be paid, and the dis
trict will have done its full patriotic
duty toward the governments sup
port.
Meanwhile let me say again, there
is no need of delaying. the preparation
of figures. Anything that Congress
does will not affect the amount OF
PERSONS earnings in 1918. Let Us
avoid the belated throwing together
Of figures that may hit or miss
Guesses cannot be accepted as the
basis of taxation. 1t is clearly the
duty of every person to compile cor
rect figures and ascertain whether hi:
income for 1918 was sufficient Il
make necessary sworn statement.
"The year 1918 was banner yea
for salaries and wages, and the higi
war prices brought unusual profits II
the average tradesman and to tn
farmer. The opinion in Washington
is that a million citizens and resident
Will make this year their first incom'
tax returns.
"An signs indicate that the incom'
tax this year will reach nearly ever.
working man and woman, and nearl.
every merchant, shopkeeper, farmer
\ Not all will have to pay the tax bu
nearly all will be obliged to make
sworn statement Of the years income
1--WE are therefore advising unmar
ried persons who earned $1,000 o
over during the year 1918, and ever.
married person, who together wit
wife or husband, earned $1,000, :
sharpen his pencil and figure out ho'
he stands.
He must ascertain accurately hi
gross income from all sources There
his salary OF wages including over
time pay and any bonus received a
additional compensation A marie
person having children under 18 wh
are working should include the earn
ings of such children.
"If he sold any property at profit
the gain must be computed and in
Guided in gross income If he rente
any property to other persons, an
from that figure a deduction may b
made for taxes paid on rented proper
ty, the necessary minor repairs, fir
insurance, any interest he may hav
paid on mortgage, and reasonabl
allowance for annual wear and tear Q
the rented property, the balance is IN
eiuded in gross income for the year.
Interest on bank deposits, whethe
withdrawn or added to his bank ba'