The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1919-03-12
r ! ! And | | | FILE
N.c0lV FAX A
.BEFoR Mar. IS
U. s. Internal Revenue Bureau
Gives Warning That Severe
Penalties Will Be Enforced.
MEN%WITHiNsLAW'S SCOPE;
HOW. THEY REPORT INCOME

u
close on Saturday night, March Is.
All 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
Armisttce Day is now called upon to
contribute his share of the cost of WIN
ming the war.
The laggards and the dodgers win
face severe fines and Jail sentences.
The Internal Revenue Bureau an
nounces that its 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 Minnesota are required
to make their returns and pay their
taxes to Edward J. Lynch, Collector Of
Internal Revenue, st. Paul, Mimi, or
to any of his deputy collectors who
are now doing free advisory work on
Income Tax.
Payments sent by mail should be at
tacheG to the returns and should be in
the form of check, money order or
draft. Cash payments by mail are sent
at tho taxpayers risk Of loss.
If you are unable to make your re-
turn personally because of illness, alb
sence 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 a Revenue officer or bank
er for advice.
Women Pay Tax.
Women are subject to all the require
ments Of the Income Tax. Whether
single or married, a 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 $1,000
or over.
| If married and living with her hus-
band her income must be considered
|: with the husbands in determining the
i liability for a. return. Their joint in
s;q&ome, less thqedits 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 include
his wife's income in his return the
wifi tn
Severe Penalties.
The new Revenue Law places severe
penalties on a 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 fine of not more than $1,000
Is named and 25 per cent of the tax
due is added to the assessment For
refusing wilfully to make return or
for making false or fraudulent re-
turn there is a fine of not exceeding
$4,000 and Imprisonment of not ex-
ceeding one year, or both.
Farmers Income Taxable.
Every farmer and ranchman who
had fair or 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. 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 regu.
lar payments.
Allowances for Losses.
Losses sustained in 1918 and not
covered by insurance are deductible
items If incurred in the Taxpayers
business or trade, in any transaction
undertaken for profit or arising from
| fire, storm, shipwreck or other casu-
| atty or from theft. .
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