Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1920-03-05
INCOME TAX
RETURNS Due
Business Men, Farmers andWage
Workers Must File Schedules
of Income for 1919.
MARCH Is LAST FILING DATE.
Net Incomes of $1,000 or Over, if SIM
ole; or $4,000 or Over If 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 ID by every citl7
zen and resident who had net in
come for 1919 amounting to:
$1,000 or over, If single; or If mar
ried and living apart from wife (or
husband; or if widowed or divorced,
$4,000 or over, if married and living
with wife Cor husbanO.
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 that of dc,
pendent minor children, in meetips
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
81 900 or more is not considered u
dependent, and must file a separate
return.
Personal returns should be made on
Form 1040A, unless the net income
exceeded $4,000, in which case Form
1910 should be used.
Virginians should send returns and
payments to r. G. L. Moncure, Co!lec-
tor OF Internal Revenue, Richmond, or
J. S. Persinger, Collector Of Internal
Revenue, Roanoke.
How to Figure Income.
The best way to find out whether
one must file return is to get Form
10iOA and follow the instructions
printed on it. That form will serve as
a reminder Of every item of income,
and if return is due 1t tells how to
prepare and file it. <
If in doubt on any point rs to income
or deductions, person may secure free
advice and aid from the nearest Inter-
nal Revenue office.
Guesswork, estimates and other hit
or-miss methods are barred WREN Il per-
son is making out his Income Tax re-
turn. Accuracy and completeness must
be insisted upon. The return Is a
sworn statement. AS such it must he
thorough and accurate.
: Salaried persons and wage. earners
must ascertain the actual compensation
received. Overtime, bonuses, shares in
the profits of q business, value of quar-
ters and board furnished by the EN-
.ployer and other items which are COM
pensations for services must be in
clGded
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 tie 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 1865; and every personal
service corporation must file similar
return. .
Corporations must file annual re-
turns on Form 1120.
Trustees, executors, administrators
and others acting in a fiduciary capac-
ity are, required to file returns. In
some cases, Form 1041 is used; i'll
others, Form 1910; and still others,
returns on both forms are required.
Information returns, on Forms 1893
and 1896, must be filed by every or
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
corporation or fiduciary. These
returns should be for
warded directly to the Commissioner
of Internal Revenue (sorting division),