The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1919-03-14
PAY AND FILE
INCOME TAX
BEFORE MAR. Is
U. S. Internal Revenue Bureau
Gives Warning That Severe
Penalties viii Be Enforced.
WOMEN WITHIN LAWS SCOPE;
HOW THEY REPORT INCOME


close on Saturday night, March 10.
The payments and returns due on
that date under the provisions OF the
new Revenue Law must be in the hands
of local Internal Revenue Collectors
before their offices close that night.
The Income Tax is being collected 10
meat the war expenses. Every person
who shouted and footed his horn Oh
Armistice Day is now called upon u
contribute his share Of the cost or WIN
ming the war. =,
The laggards and the dodgers VIII
face severe fines and jail sentences.
The Internal Revenue Bureau an
nounces that it's officers will cheek US
all up to see that every person VINO
comes within the scope of the income
Tax law did his share.
Where to Pay and File.
Residents of Montana, Idaho ana
Utah are required to make thelf- re-
turns and pay their taxes TO William
q Whafey. Collector of Internal Keve-
nue., Helena, Mont, or to any OF ms
deputy collectors who are now DONG
free advisory. work on Income Tax
Payments sent by mail should be at
tached to the returns and should De I'D
the form Of check, money order or
draft. Cash payments by mail are
sent ut the taxpayers risk OF loss
II you are unable to make your re-
tarn personally because Of illness, aD-.
senee or ineapacity an agent or legal
representative may make your return.
III there are any doubtful points as
to yeur items of income or allowable
deductions you should get in touch at
once with Revenue officer or bank
er for. advice
Women Pay Tax.
Women are subject to all the re-
Quirements of the Income Tax. Wheth-
er 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
liability for q 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
rule If the husband does not in
Guide 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 to make
return or renders a fraudulent return.
For failure to make return and pay
tax on time fine of not more than
$1,000 is named and % per cent of the
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
$4,000 and Imprisonment of not ex-
ceeding one year, or both
Farmers Income Taxable.
Every fan -ner 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 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 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.