Mount Vernon signal. (Mt. Vernon, Ky.) 18??-current, 1919-03-14
EVERYBODY IS
NOW FIGURING
INCOME TAX
In 0rGer to Be Helpful to Public
Internal Revenue Bureau
Has Every Available
Officer in Field.
SEVERE PENALTIES IF YOU
DELAY BEYOND MARCH Is


only few weeks away, the collection
Of this far-reaching tax on 1918 in
comes has started off with. a bang.
Everybody Is figuring income tax.
Payments and sworn statements OF
incoE.e must reach Internal Revenue
Offices on or before March Is, and there
are severe penalties for delinquency.
Residents Of Kentucky should make
their returns and pay their taxes to
the nearest Of the following: Josh T.
Griffith, Owensboro; J. Rogers Gore.
Eou;svflta charlton b. Thompson,
Covington; sE8ooa Hapilton, Lexing-
ton John WsHlghes, Danville.
PAY your Income Tax by March
15," is the slogan of the Internal Rev
enue Bureau, which has sent every
available officer into the field TO help
the public to understand the require
ments and to prepare the returns.
Who Must Make Return.
1t is estimated that many thousands
Of single and married persons in this
section of the United States who have
never before made annual returns are
required to do so this year.
Income tax returns must be made
between now and March Is by persons
who come under the following classifi-
cations: -.
Any unmarried person whose 1913
net income was $1,000 or over. Wild
ows and widowers, divorces and mar.
ried persons who are living apart from
their husbands or wives, are for the
purposes Of the Income Tax classed as
unmarried.
Any married person living with wife
or husband whose 1918 net income was
Z 81, 900 or over. The income of botl
husband and wife must be considered
together with the earnings Of minoi
children, If any,. <
i Revenue Bureau Offers Aid.
Each person in the United State
who is in either of these classification
must get busy at once If penalties ar
TO be avoided He should secure
blank Form 1910 A for reporting M.
Income up to $4,000, or Form 1O40
his net income exceeded that amour
Forms are being distributed by Collie,
fors and their Deputies, also by banks
i;y following the instructions on til
forms correct return can be prepare
at home. If a person needs advice {
aid, the Deputy Collectors in the 1el
win furnish this without charge.
The. new Revenue law places the II
cpme Tax duty on citizens and res
dents. The Internal Revenue Burea
IS sending It's men to work right wit
the public to get the tax and the IT
turns in. With active cooperation
every tax due March Is will be paiu
ksnd every return required by law will
be in The R,renue offices on time
Exemptions Are Allowed.
A single persbn Is allowed personal
exemption Of $1,000. II he is support.
ing in his household relatives who are
dependent upon him he may claim the
status Of the head of family who has
the same exemption as II married.
! A married person who lives with
wife or husband Is allowed q personal
exemption Of $1,000. The head of a
family Is entitled to claim q similar
personal exemption.
An additional exemption of $500 10
allowed for each person under eight
cen or incapable of self support who
was dependent upon and received his
chief support from the taxpayer.
: A husband and wife living together
are entitled to but one personal ex-
emption Of $1,000. II they make sep
arate returns the exemption may be
claimed by either or divided.
Accuracy Required.
Absolute accuracy is necessary In
making up income figures Any per-
son who is working fer wages should
ind out exactly how much he received
during the whole year 1918. Fees.
bank interest. bond interest, dividends,
rents received and all other items
must be reported correctly. Mere
guesses are not accepted, for. they are
unjust alike to the taxpayer and the
Government and defeat the proper ad-
miniStratfOn of the law