The Port Gibson reveille. [volume] (Port Gibson, Miss.) 1890-current, 1920-02-26
INCOME TAX
RETURNS DUE
Business Men, Farmers and WAGE
Workers Must File Schedules
Of Income for 1919.
MARCH 10 LAST FILING DATE.
Net incomes 81 $1,000 Or over, IL Sin.
1Iei Or $1,000 i over il Married,
Must BE Reported.

AAtc lucVlne lax imposed Dy ACE
Of Congress on earnings Of the year
1919 is now being collected.
Returns under oath must be made
on or before March is by every citi-
zen and resident who had a net In
come for 1919 amounting tos
$1,000 or over, If slnglej or IL mar
ried and living apart from wife Tor
husband)i or If widowed Or divorced.
$1,000 or over, II married and living
with wife Cor husband).
The status Of the person on the last
day Of the year fixes the status for
the year with respect to the above
requirements.
Under any OF these circumstances
return must be made even though
no tax is due.
Husband and wife must consider
the income of both, plus that Of de-
pendent minor children, In meeting
this requirement; and, If sufficient to
require return, all items must be
shown In Joint return or In separate
returns Of husband and wife.
A single person with minor depend
ents must include the income Of such
dependents.
A minor who has net income Of
$1,000 or more is not considered
dependent, and must file separate
return.
Personal returns should be made on
Form 1040 A, unless the net income
exceeded $1,000, In which case Form
1040 should be used.
Residents Of Mississippi should file
their returns with, and make payments
Of Income Tax to. George i. Donald,
Collector Of Internal Revenue, jackson,
Miss.
How to Figure Income.
The best way to find out whether one
must file a return Is to get Form
lO40A and follow the instructions
printed on It. That form VIII serve as
reminder or every item of income,
and II return is due It tells how TO
prepare and file 1t.
II in doubt on any point as to income
or deductions, a person may secure
free advice and aid from the nearest
Internal Revenue office.
Guesswork, estimates and other hit.
or-miss methods are barred when
person is making out his Income Tax
return Accuracy and completeness
must be insisted upon The return is
a sworn statement AS such It must
be thorough and accurate
Salaried persons and wage earnets
must ascertain the actual compensa-
tion received. Overtime, bonuses,
shares in the profits OF business,
value Of quarters and board furnished
by the employer and other items which |
are compensatiens for services mnst /
be included.
II must be borne 10 mind that com.
pensation may be paid Ia other forms
than In cash. A bonus paid In Liberty
Bonds is taxable at the market value
Of the bonds. A note received In pay
ment for services Is taxable income at
its face value, and the interest upon
1t is also taxable.
Other Returns Due.
Every partnership doing business in
the United States must file a return
on Form 1905; and every personal
service corporation must file similar
return.
Corporations must file annual re-
turns on Form 1920
Trustees. executors, administrators
and others acting in a fiduciary capac.
ity are required to file returns. In
some cases. Form 1041 Is used; 10
others. Form 10405 and still others,
returns on both forms are required.
Information returns, on Forms 1909
and l0oo, must be fled BY every or
ganixation, Arm or person who paid,
during 1919, an amount Of $1,000 in
salary, wages, Interest, rent or other
fixed or determinable income to an
other person, partnership. personal
service corporation or hduciary. These
information returns should be for
warded directly to the Commissioner
Of Internal Revenue (sorting diyislon),
Washington, d. G.