Pine Bluff daily graphic., 1919-03-09
PAY AND FILE
 INC0 ME TAX
 BEFORE MAR, 15
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 15.
 The payments and returns due OR that date under the provisions of the new Revenue Law must be ill the hands of local Internal Revenue Collectors 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 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 Arkansas are required to make their returns and pay their taxes to Jack Walker, Collector of Internal Revenue, Little Rock, Ark, or to any of his deputy collectors who are now doing free advisory work on Income Tax.
 Payments sent by mail should be at- tached to the returnssand should be in the form of check, money order or draft. Cash payments by mail are sent at the taxpayers risk of loss.
 If you are unable to make your re- turn personally because of illness, ab- senee or incapacity an agent or legal representative may make your return,
 If there are any doubtful points as to your items of income or allowable deductions you should get in touch at once with Revenue officer or bank CT for advice >
 Women Pay Tax.
 Women are subject to all the re- quirements of the Income Tax. Wheth- CT single or married, woman's income from all sources must be considered.
 If unmarried or if living apart from her husband she must make her return for 1918 if her net income was. $1 ,O0Q or over.
 If married and living with her hus- band her income must be considered with the husbands in determining the liability for a return Their joint in- come, less the credits allowed by law, is subject to normal tax. The wife's net income is considered separately in computing; any surtax that may be due. Husband and wife file jointly, as a rule. If the husband does not in- clude his wife's income in his return the wife must file separate return. t Severe Penalties.
 The new Revenue Law places severe penalties on person who fails to make return on time, refuses to make return Or renders fraudulent return. For failure to make return and pay tax on time a fine of not more than $1,OOO is named and 25 per cent of tho tax due is added to the assessment. For refusing willfully to make return or for making false or fraudulent re- turn there Is a fine of not exceeding $1O,000 and imprisonment of not ex, ceeding one year, or both. Z :, :. Farmers Income Taxable. . Every farmer and ranchman who had g fair or a good year in 1918 must heed the, Income Tax this year. He must consider all his income as tax- able. He is entitled to deduct from his gross income all amounts expended in carrying on his farm. 2 The cost of farm machinery, farm buildings and improvements cannot be deducted. The cost of live stock, either for resale or for breeding purposes, is also regarded as investment. Al , 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 regu. lar payments. ! , Allowances for Losses.
 Losses sustained in 1918 and not covered by insurance are deductibls items if incurred in the. taxpayers business or trade, in any transaction undertaken for profit or arising from fire, storm, shipwreck or other casu- alty or from theft. t,sa., < k < < % % < 1k k | < \ < Yk 4 ,k i <