Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1919-10-13
FOREST INDUSTRIES
QUESTIONABLE
Meeting to Be Held Oct. 30-31
in c. of c. Rooms, Portland,
of Those Interested in New
England to Discuss the Mat.
ter in All Its Phases

Ter LII All 1tS Z ItdSSS
The Eastern Forests Products As
ISOLATION is sending to its members.
lumber. pulp and paper manufactur-
ing and timber owning taxpayers Of
New England the following letter.
through H. G. Woods of Bangor, its
executive secretary. in relation 10 a
meeting tobe held on Oct. 80 and 81
in the Assembly hau Of the Chamber
of Commerce. at which the Forest
Industries QUESTIONABLE being sent
out by the Bureau Of Internal Rev
enue will be discussed:
The Bureau of Internal Revenue
has commenced mailing the Forest
Industries QUESTIONABLE.
This QUESTIONABLE is designed to
secure such data as may permit me
Bureau to deal inteliigently with the
income and profits tax returns Of the
Forest Industries: also to permit
those taxpayers to put their case
fairly and squarely before the Gov
eminent. especially as regarding
claims for depletion and depreciation
deductions
TIE questionable has been care
fully scru.iniZed by lumbermen, pulp
and paper manufacturers and tim
Der owners and we are assured that
every question has definite and
practical use. either for the deter
mination OF value or the auditing of
tax returns. Whereas full authority,
for requesting the information. is
given by law. the taxpayers should
appreciate the opportunity onered
to lay before the Treasury Depart
ment the pertinent facts pecunar to
their properties and operations in that
, they may receive intelligent, accurate
and fair adjustments Of their tax liza
| bilities.
| Considerable labor and great care
will be necessary in filing out the
| forms and undoubtedly the task will
/ appear most complicated to all. There
will be bothersome questions. Advice
| will be needed. Explanations will
! be desired The QUESTIONABLE mus,
! be submitted prior TO December 70,
! 1919. But the advantage to the tax
payers will far Offset the time, eX-
pense and bother.
/ In order TO permit opportunity for
I the members Of this Association. as
{ we'll as other Forest Industries tax
j payers in New England. to hear a
/, discussion OF the QUESTIONABLE, to-
! cure advice and to ask for explena-
tions, the Association has arranged
TO hold meetings in Portland, on
Oct. 80 and 81 in the assembly hall
of the Chahmoer of Commerce. Of
ficiais of the Bureau Of Internal Rev
enue and of the National Lumber
Manufacturers Association will be
present. This will be the only meet
ing held in New England. BY virtue
Of the existence Of such a represent
alive organization this meeting is
possible and we are extremely glad
for the opportunity to render such
valuable assistance available TO the
forest industries of New England.
All interested are invited and urged
to be present and 10 make the meet
ings their meetings.
The opening session viii! be at %
o'clock Thursday morning, Oct. 81
| There Will be an introductory ad-
dress by Carl NJ. Stevens, forest VAL
O6lioii engineer Oh the bureau. eX-
| planning the work OF the timber sec
ton and the object Of the question
naire. Gen. L. C. Boyle. general
! counsel OF the national Lumber Man.
ufacturers' Association, will follow
! with discussion Of the relations Of
the federal income tax and the work
Of the bureau to our industries. Open
meeting will ensue for the trouble
! some questions. The officials will be
glad to explain and advise as to
doubtful points encountered by in
dividuais in filing out their ques-
tionnaires. Additional sessions will
be held as those assembled deem ne
! cessary.
/ 1t is suggested that as soon as lou
receive your copy of the question
naire. thorough study be made Of
1t and all the doubtful points pc not
cd. Then attend the Portland meet
ing ind get all Of the bothering ques-
tons cleared up. to your own salts
faction. This is a matter demand
ing serious thought and effort for it
vitality affects your tax liability botl,
for the immediate past and for
many years in the future.