The Glenwood post. (Glenwood Springs, Colo.) 1897-current, 1920-03-13
Income TAX
RETURNS DUE
Business Men, Farmers and Waae
Workers Must File Schedules
Of Income for 1919.
MARCH is LAST FILING DATE.
Net Incomes Of 81 600 or Over, II Sin
gle; Or 1900 Over IL Married,
Must Be Reported.

The Income Tax imposed by Act
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 net in
come for 1919 amounting to:
$1,000 or over, II single; or If mar
ried and living apart from wife Tor
husband or If widowed or divorced.
$1,000 or over, If married and living
with wife Tor 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 a
return must be made, even though
no tax is due.
Husband and wife must consider
the income of both, plus thar 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
81 600 or more is not considered Il
dependent, and must file separate
return.
Personal returns should be made on
Form 1910 A, unless the net income
exceeded $4,000, in which case Form
1O4O should be used.
Residents of Colorado should file
their returns with, and make payments
of Income Tax to, Mark A. Skinner.
Collector of Internal Revenue, Denver,
Col.
How to Figure Income
The best way to find out whether ono
must file return is to get Il Form
printed on it. That form will serve MS
reminder of every item of income
and if a return is due 1t tells how to
prepare and file it,
If 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 1t must
be thorough and accurate.
Salaried persons and wage earners
must ascertain the actual compensa-
ton received. Overtime, bonuses,
shares In the profits of business,
value of quarters and board furnished
by the employer and other items which
are compensations for services> must
be included
1t must be borne in mind that com
pensation may be paid in other forms
than in cash. A bonus paid in Liberty
Bonds Is taxable at the market value
of the bonds. note received in pay
ment for services is taxable income at
its face value, and the interest upon
IT is also taxable.
Other Returns Due.
Every partnership doing business in
the United States must file return
on Form 1885; 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 fduciary capac-
ity are required to file returns In
some cases, Form 1O4t is used; In
others, Form 1910; and still others,
returns on both forms are required.
Information returns, on Forms 1899
and 1895, must be filed by every Or
ganization, firm 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 dduciary. These
information returns should be for
warded directly to the Commissioner
Of Internal Revenue (sorting divisioa),
Washington, D. G.