The times-herald. [volume] (Burns, Harney County, Or.) 1896-1929, 1920-03-13
U. S. INCOME TAX
EXEMPTS NOBODY
Every Person Who Had Income
in 1919 Must Determine
Own Liability.
MARCH IS LAST FILING DATE.
surest way 10 to Follow Form to4oA.
Free Advice In Doubtful cases.
Severe Penalties In

Nobody Is exempt from Income Tax.
An obligation il laid directly on the
Shoulders of each citizen and resident
to consider his owu ease and to get his
return Zoo on tine II one is due
with each return showing tax due
n payucnt must accompany The retura
In tbc full amount of the tax or ~
lcust onc.uUarlcr of the taN.
AN returns for 1919 must be filed on
or before March ~
Nuft show True Figures.
IN f.uHng mp his earnings FOR In.
come ttN purposes person must take
into consideration an Items Of taxable
income. .iud each Item itself must be
accurate Ia amount. Guesses and es.
timntcs musi be avoided. Tor the rc-
turn Is nude under oath
E,cr, body who had un income dur.
lng 1919 must now determine whether
his or her net Income wis sufficient IN
amount 10 require an Income Tax re-
turn The best way to Had out II to
get Form l0ioA aud follow the In.
Wructlons printed ON u. That form
will serve a. reminder of every Item
of income: ard " return X due, IL
tells n" to prepare ana Me ".
one 90 he Important points To keep
IN miud II that u persons net income
is found 10y "A computation prescribed
iu Jhc law, and thai each Item Of In.
come from every source mus, he con.
sidercd unless specifically rvcinptcd.
81. n l.. l..
the personal exemption allowed tax
paycrs boy law has no relation whatever
~ the requirement tO file return. This
exemption Is not Ia be considered until
person has figured out his ret Ia.
come aud determined whether II was
mu Then, " u return must he flled,
h. should read carefully the instruc.
iiouS Tor claiming exemption. and COM
plct, his return.
n In doubt on any point as Ia income
or deductions, u person may secure
free advice aud aid from the nearest
Internal Revenue office. Many banks
and trust companies are also furnish.
ing similar service during banking
hours
Heavy Penalties In Law.
For falling Ia make u return on time
the penalty is fine Of not more thnn
5000 and an addition Of % per cent
10 the tax, n any. For making false
or fraudulent return the penalty In n
bne Of not more than $4,000 or I'm.
prisonmeni not exceeding one year. ot
both; and. In addition. 70 per cent of
the tax. There are other penalties for
failing 10 pay tax when due and for |
understatement Of the tax through
negligence.
Many Sources Of income.
Aside from what one may earn. by |
his services, there are many other |
sources of Income. II he sold any |
property during 1919 he must figure
buildings. land. apartments or rooms
such rents must be considered taxa.
able. and he mny claim deductions for
necessary expenses incidental Ia rents |
Bank Interest IN common source /
oi Income and ls taxable whether with
drawn or not. Any amount OF interest
credited to "a deposition Is Income 10
the depOsltor.
Interest on mortgages and notes In
taxable; also bond interest received
from corporations.
A taxpayer who cashed his insur-
nnce during 1910 must report as In.
come any excess received over the to-
-