Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1919-02-27
RI, aid FILE
INCOME TAX
IEFon.: MAR. IS
U. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties VIII Be Enforced.
WOMEN WITHIN LAWS SCOPE:
HOW THEY REPORT INCOME

Inc Income Tan drive comes to
close on Saturday night. March IL.
All payments and returns due on
tlat date under the provisions OF the
new Revenue Law must be In the
hands Of local Internal Revenue Collcc-
Eors before their offices close that night,
The Income Tax Is being collected TO
iaect the war expenses. Every person
who shouted ana footed his horn on
! AgmlSice Day is now called upon to
| contribute his share of the cost Of win
ming the war
The iaggnrds and the dodgers will
face severe fines and Jail sentences
| The Internal Revenue Bureau an
| nounces that Its officers will check us
all up To see that every person who
comes within the scope OF the Income
| Tax law did his share
Where to Pay and File.
Residents Of Minnesota are required
10 make their returns and pay their
taxes To Edward J. Lynch. Collector Of
Internal Revenue, ST Paul, Mimi, or
To any Of his deputy collectors who
are now doing free advisory work on
| Income Tax.
Payments sent by mail should be at.
| tarhcd tn the returns and should he In
| the form Of check. money order or
draft, Cash payments by mail are sent
NJ the taxpayers risk of loss.
| If You are unable to make your re-
| turn personally because OF illness, alb
sence or incnpncity an agent or legal
representative may make your return.
lf there are any doubtful points as
| 10 your items OF income or allowable
| deductions you should get In touch ut
| once with Revenue officer or q bank.
| er for advice.
Women Pay Tax.
| Women are subject TO all the require
ments OF the Income Tax. Whether
| single or married, a woman's income
| from MI sources must he considered.
| II unmarried or II living apart from
| her husband she must make her return
for 1913 II her net income was 81, OOO
.r over.
II married and living with her hus.
| hand her income must he considered
with the husbands In determining tho
| liability for q return. Their Joint In
come, less the credits allowed by law,
is subject to normal tax. The wife'i
| net income Is considered separately In
computing any surtax that may be due
Husband and wife file Jointly, as Z
| rule. II the husband does not include
hls wife's income In HIS return the
wife must file separate return.
Severe Penalties.
| The new Revenue Law places severe
penalties on person who fails to
make return on time, refuses to make
return or renders a fraudulent return
For failure to make return and pay tar
on time fine OF not more than $1,000
IL named and 25 per cent Of the tai
| due IL added to the assessment. Fol
refusing wilfully to make return Of
| for making false or fraudulent re
turn there Is fine Of not exceeding
! $4,000 and imprisonment OF NOT ex
ceeding one year. Of both.
| Farmers' Income Taxable.
Every farmer and ranchman who
had fair or n good year In 1918 mus
heed the Income Tax this year HI
must consider all his income an tar
able. He il entitled to deduct from
his gross income all amounts expended
In carrying Oh his farm. The cost OF
farm machinery, farm buildings and
improvements cannot be deducted
The cost Of live stock, either for re
sale or for breeding purposes. Ia als<
regarded as investment.
| Overtime and Bonuses Taxed.
Salary and wage earners must con
slider as taxable every Item received
from employers and from Other
sources. Bonuses and overtime pas
are to be reported as well as the regu'
lar payments.
| Allowances for Losses.
Losses sustained In 1918 and MOI
covered by insurance are deductible
Items II incurred In the Taxpayers
business or trade, In any transaction
undertaken for profit or arising from
Ere, storm. shipwreck or other casu.
atty or from theft.