The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1919-02-26
EVERYBODY is
NOW FIGURING
INCOME TAX
In Order to Be Helpful to Public,
Internal Revenue Bureau
Has Every Available
officer in Field.
SEVERE PENALTIES IF YOU
DELAY BEYOND MARCH IS

With the due date for Income Taxes
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
income must reach Internal Revenue
Offices on or before March II, 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 I.
Griffith, Greensboro J. Rogers Gore,
Louisville; Charlton b. Thompson,
Covington EIwood Hamilton, Lexing-
ton; John w. Hughes, Danville.
PAY your Income Tax by March
10" 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 10 by persons
who come under the following classif'
cations:
Any unmarried person whose 1918
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
81, 1000 or over. The income of both
husband and wife must be considered,
together with the earnings of minor
children, If any.
Revenue Bureau Offers Aid.
Each person i'm the United States
who is I'm either of these classifications
must get busy at once If penalties are
to be avoided. He should secure
blank Form 1910 A for reporting net
income up to $1,000, or Form 1910 II
his net income exceeded that amount.
Forms are being distributed by COllec-
tors and their Deputies, also by banks.
BY following the instructions on the
forms a correct return can be prepared
at home. If person needs advice or
aid, the Deputy Collectors in the field
will furnish this without charge.
The new Revenue law places the In
come Tax duty on citizens and resi-
dents. The Internal Revenue Bureau
is sending It's men to work right with
the public to get the tax and the re-
turns In. With active cooperation
every tax due March IS will be paid
and every return required by law will
be In the Revenue offices on time.
Exemptions Are Allowed.
A single person 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 a family who has
the same exemption as II married.
A married person who lives with
wife Oe husband Is allowed a personal
exemption of $1,000. The head of u
family is entitled to claim a similar
personal exemption.
An additional exemption OF 5000 Is
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. If they make sep
arate returns the exemption may be
claimed by either or divided.
.,.-...- {, Accuracy Required
Absolute accuracy is necessary In
maiSing up income figures. Any per-
son who Is, working for wages should
flnd 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-
ministratiOn of the law Il