Pine Bluff daily graphic., 1920-02-13
No Extension of
 Time for Filing Income Tax Returns

Little Rock, Ark, Feb 12-Jack Walker, collector of internal reve- nue, announces that there will be no general extension of time for filing income tax returns. Complete re- turns, accompanied by at least one fourth of the amount of tax due, must be in his office on or before March 15, 1920. Extensions will be granted only in specific cases where urgent need for additional time in preparing the return is shown.
 Last year, if for good and suffi- cIent reasons It was found lmposs'- ble to complete return by March 15, corporations and individuals were permitted to file on or before that date sentative return and were given an extension of forty five days in which to file complete return. Conditions which justified such extensions last year do not eX- ist this year.
 Regulations governing the col lection of the income tax have been made in them.
 Y collectors of internal revenue fol distribution among taxpayers and there is every reason to assume that the taxpayers have ample time ir which to file and prepare their re turns by March 15.
 It is important that the taxpaye! render before the return due dat. return as complete and final as il is possible for him to prepare. How ever, in cases of sickness or absence collectors are authorized to gran an extension of not exceeding thirty days, where in their judgment sucf further time is actually required fol the making of an accurate return The application for such extension must be made prior to the expira ton of the period for which the ex tension is desired. The absence cl sickness of one or more officers o1 corporation at the time the return is required to be filed will not Dc accepted as reasonable cause fol failure to file the return within tht prescribed time, unless it is satis factorily shown that there were nc other principal officers available and sufficiently informed as to tho affairs o fthe corporation to make and verify the return. As a condi tion of granting an extension o1 time for filing return the collector may require the submission of ten tative return and estimate of tht tax on Form 1O40-T in the case o1 individuals, or on form 1031-T in tn. case of corporations, and the pay rent of one-fourth of the estimated amount of tax. Where taxpayel has filed tentative return and hal failed to file a complete return with i in the period of the extension re ouested by him the complete return filed is subject to penalties pre- scribed for delinquencies.
 If before the end of an extension of thirty days granted by the eel lector and accurate return can no ,be made, an appeal for further cX tension must be made to the commits sioner of internal revenue with 1: full recital of the causes for the dc law. The commissioner vii! no grant an additional extension with out clear showing that complet
 return can not be made at the en' of the thirty day period.
 MT. Walker further announces ] that it would appear from the n1m Der of returns filed to date that tn
 proper interest is not being show
 and he further stated that if th taxpayers desire to get the prope assistance they should not wait m til the last few days to make .h si
 returns as his force is limited an' < he will not be in position to prov! ! Traditional help for those who max a general custom of waiting dntl 1 ihe last day to file. |