Gilpin observer., 1919-03-13
PAY and file
: IN COME 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.
All payments and returns due on thar
| late under the provisions of the new
Revenue Law must be In the hands OF
| ,ocal Internal Revenue Collectors be
fore 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
Armistice Day is now called upon to
contribute his share Of the cost of win
ning the war.
| The laggards and the dodgers will
face severe fines and jul 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 Colorado and Wyoming
are required to make their returns
and pay their taxes to Mark A. Skin
ner, Collector Of Internal Revenue,
| Denver, Colo, or to any of his deputy
collectors who are now doing free ad-
visory work on Income Tax.
Payments sent by mail should be at
| tached to the returns and should be In
the form Of check, money order or
| draft Cash payments by mail are sent
at the taxpayers risk Of loss.
If you are unable to maze 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 de-
| ductions, you should get In touch at
once with d 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, wOman's income
from all sources must be considered.
II unmarried, or II living apart from
her husband, she must make her re-
| turn for 1918 IL her net income was
1000 or over.
| II married and living with her hus-
band, her income must be considered
with the husbands In determining the
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 surtux that may be due
Husband and wife file Jointly, as a
rule. II the husband does not include
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 fraudulent return
For failure to make return and pay tax
on time a fine of not more than 81 900
Is named. and % per cent of the tax
due is added to the assessment For
refusing wilfully to make return, or
for making a false or fraudulent re-
turn there Is 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 rs 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, us well rs the rexu-
lar payments. (,
| Allowances for Losses. 'fS.'
Losses sustained In 1918 and not Gov
cred by insurance are deductible items
IL incurred In the taxpayers business
or trade. In any transaction under
taken for profit, or arising from DIRE,
storm, shipwreck or other casualty, or
from theft.