Free trader-journal. (Ottawa, Ill.) 1916-1920, 1919-03-03
PAY and file
INC0 me- TAX
BEFORE MAR. IS
u. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties Will Be Enforced.
WOMEN WITHIN LAWS SCOPE:
HOW THEY REPORT INCOME

The Income Tax drive comes to
close on Saturday night, March II.
An payments and returns due on
that date under the provisions of the
new Revenue Law must be in the
hands of local Internal Revenue Collec-
tors before their offices close that night
The Income Tax is being collected to
meet the war expenses Every person
who shouted and footed his horn on
ArmIStice Day is now called upon to
contribute his share of the cost of win.
ming the war
The laggards and the dodgers will
face severe fines and Jail sentences
The Internal Revenue Bureau an
nounces that It's officers will check us
all up 10 see that every person who
comes within the scope of the Income
Tax law did his share.
Where TO Pay and File
Residents OF Illinois should nle their
returns and pay taxes TO the nearest
Of the following Collectors of Internal
Revenue Julius +. Smietankn, Chi
cago, Edward n McCahe Peoria
John l.. Pickering Springfield; John
NJ. Rapp. East 81. Louis
Payments sent by mail should be at-
tacheG 20 the returns and should be in
the form of check, money order or
draft. Cash payments by mail are sent
ar the taxpayers risk Of loss.
If you are unable 10 make your re
turn personally because of illness, alb
sence or incapacity an agent or legal
representative may make your return.
II there are any doubtful points as
to your items of income or allowable
deductions YOU should get In touch at
once with II Revenue officer or a bank
er for advice
Women Pay Tax.
Women are subject to all the require
ments OF the Income Tax Whether
single or married. Il woman's income
from all sources must be considered
II unmarried or If living apart from
her husband she must make her return
for 1918 f her net income was $1,000
or over.
II married and living with her hus
band her income must he considered
with the husbands in determining the
liability for n return. Their joint in
come, less the credits allowed by law,
is subject 70 normal tax The wife $
net income is considered separately in
computing any surtHX that may be due.
Husband and wife file Jointly, as a
rule If the husband does not include
his wife's income in his return the
wife must file separate return.
Severe Penalties.
The new Revenue Law places severe
penalties on a person who fails to
make return on time, refuses 10 make
return or renders fraudulent return.
For failure to make return and pay tax
on time a fine of not more than 81 900
is named and - per cent of the tax
due is added to the assessment For
refusing wilfuly TO make return or
for making a false or fraudulent re
turn there is a fine of not exceeding
$4,000 and Imprisonment of not eA-
ceeding one year, or both,
Farmers income Taxable.
Every farmer and ranchman who
had a fair or a good year In 1913 must
heed the Income Tax this year He
must consider all his income ns tax
able He is entitled to deduct from
his gross income all amounts expended
in carrying on 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, is also
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 pay
are to be reported as we'll as the req
lar payments.
Allowances for Losses.
Losses sustained In 1913 and not
covered by insurance are deductible
items II incurred in the taxpayer 5
business or trade, in any transaction
undertaken for profit or arising from
fire, storm, shipwreck or other casu-
atty or from theft