The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1920-02-25
NO EXTENSION
TAX INCOME PAYMENTS
Returns Must be Filed with Collector
OF Internal Revenue by March 18th

VI i"'Ni"tu hcNcHuc Uy March lOtH
with at Least a Fourth OF Tax.
Columbia, Feb. 23-Announcement
that there will be no general extern
sion Of time for filing income tax re-
turns was made by the Bureau of In
ternal Revenue today. Complete re-
turns, accompanied by at least one
fourth Of the amount of tax due must
be in the hands of collectors Of In
ternal Revenue on or before March
9th, 1920. Extensions will be grant
ed only in specific cases where urgent
need for additional time in preparing
the return is shown.
Last year, if for good and Sufficient
reasons 1t was found impossible to
complete return by March 18th, cor
porations and individuals were per-
mittcd to file on or before that date a
tentative return and were given an eX-
tion Of forty-five days in which to file
a complete return. Conditions which
justified such extensions last year do
not exist this year.
Regulations governing the collcc-
ton Of the income tax have been out
for almost year and no substantial
changes have been made in them.
Forms are now in the hands Of Col
lectors Of Internal Revenue for distri-
button among taxpayers and there is
every reason to assume that the tax
payers have ample time in which to
prepare and file their returns By March
18th
1t is important that the taxpayer
render before tn rturn due date a re-
turn as complete and final as it is
possible for him to prepare However,
in cases Of sickness or absence, col
lcctors are authorized to grant an cX-
tension of not exceeding thirty days,
where in their judgment such further
time is actually required Tor making
Of an accurate return The applica-
ton for such extension must be made
prior to the expiration Of the period
for which the extension is desired. The
absence or sickness of one or more
officers If a corporation at the time
the return is required to be filed will
not be accepted as reasonable cause
for failure to file the return within
the prescribed time, unless it is salts
factOrily shown that there were no
other principal officers available and
sufficiently informed as TO the affairs
OF the corporation to make and ccrifv
the return. AS a condition of grant
ing an extension Of time for filing a
return, the Collector may require the
submission Of a tentative return and
estimate Of the tax on Form l0l0-T in
tho case Of individuals, or on Form
lO3l-T in the case CT corporations.
and the payment Of one fourth of the
estimated amount Of tax. Where q
taxpayer has filed a tentative return
and has failed to file a complete re-
turn within the period of the cXtcn-
sion requested by him, the complete
return when filed is subject to penal
ties prescribed for dclinquencies.
If before the end Of an extension Of
thirty days granted by the Collector
an accurate return cannot be made.
an appeal for a further extension
mus be made to the Commissioner Of
Internal Revenue with a full recital
of the causes for delay. The Commis-
sion will not grant an additional cX-
tension without a GEAR showing that
a complete return cannot be made at
the end of the thirty day period
EARMER HI'I, III Slln