Gunnison news-champion., 1919-03-14
PAY hND.F|LE
INCOME 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 Q
close on Saturday night. March IS
tn. payments and returns due on
that date under the provisions OF the
new Revenue Law must be In the hands
o, local Internal Revenue Collectors
before their Offices close that night
tn. Income Tax Is being collected 10
NEE; the war expenses Every person
who shouted and footed his horn on
ArInistice Day is now called upon TO
contribute hi. share of the cost Of win
ming the war.
tn. Iagcartis and the dodgers VIII
face sever. fines and jail sentences.
The Internal Revenue Bureau an
uounces that It's officers will cisecL -
all up TO see that every person who
comes within the scope OF the Income
Tax law dld his share.
Where to Pay and File.
Residents Of Colorado and Wyoming
are required TO make their returns
and pay their taxes 10 Mark A Skin
ner. Collector Of Internal Revenue,
Denver, Colo. or to any Of his deputy
collectors who are now doing free adj
yisory work on Income Tax.
Payments sent 10y mail should he Rt-
tached to the returns and should he in
the form Of check, money order or
draft. Cash payments by mail are
sent at the taxpayers risk Of loss.
II you are unable to make your re-
turn personally because Of Illness. ah-
scnce or incapacity an agent or legal
representative may make your return.
II there are any doubtful points ~
TO YOUR Items OF income or allowable
deductions you should get in touch "A;
once with a Revenue officer or bank
er for advice.
Women Pay Tax.
Women are subject to all the re-
quiremen,s OF the Income Tax. Wheth-
er single or married, a woman's income
from all sources mist be considered.
II unmarried or II living apart from
her husband she must mnke her return
for 1918 II her net income was $1,000
or over.
lf married and living with her hus-
band her incom. must be considered
| liability for 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 he
| due Husband and wife file Jointly, as
a rule II the husband does not In
clude his wifc's income in his return
the wife must tile separate return.
Severe Penalties.
Tie new Revenue Law places severe
| penalties on person who falls 10
make return on time. refuses TO make
return or renders fraudulent return.
| For failure to make return and pay
| tax on time n fine of not more than
! 81 900 Is named and - per cent of the
! tax due Is added to the assessment.
For refusing willfuliy to make return
| or for making false or fraudulent re-
| turn there is q fine of not exceeding
$4,000 and Imprisonment of not ex-
ceeding one year, or both.
Farmers Income Taxable.
Every farmer and rsnchmnn who
had fair or good year In 1918 must
heed the Income Tax this year. He
must consider all Ills income as 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 he deducted. The
cost of live stock. either for resale 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 well as the resli-
lar payments
| Allowances for Losses.
Losses sustained In 1918 and not
covered by insurance are deductible
items IL incurred in the taxpayers
business or trade, In any transaction
undertaken for profit or arising from
ire. storm, shipwreck or other casu-