The Filer record. (Filer, Idaho) 1919-1930, 1920-03-11
U. S. INCOME TAX
ExEMpTS NOBODY
Every Person Who Had Income
in 1919 Must Determine
Own Liability.
MARCH is LAST FILING DATE.
surest Way Is to Follow Form io3oA.
Free Advice IN Doubtful Cases.
Severe Penalties IN
Law.

Nobody Is exempt from Income Tax.
An obligation Is laid directly on the
shoulders Of each citizen and resident
10 consider bis own ease and to get his
return la on time II one Is due
With each rrturn Shon lug tax due
payment must accompany the return
IN the full amount of the tax or az
least one quarter 90 the tax
All returns for 1919 must be- iiled on
or before Marrh Is
Must Show True Figures.
In figuring up his earnings Tor In
come tax purposes person must take
into consideration an items OF taxable
Income, aud each item Itself must 10
accurate IA amount. Cues~es and es-
Inmates must be- avoided. FOR the re-
turn Is made under oath.
Everybody who had an Income dur
lug 1919 must now determine whether
his cor her net income WIS sufficient Ia
amount to require an Income Tax re-
turn The beSi way 20 Ind OUT T. 10
gei a Form iOf0A aud follow the IN
structions printed on H. That form
viii serve as a reminder OF every Item
Of Income and N a return is due, u
tells how to prepare and iile II.
One of The important points 60 keep
IN mind T. that a persons net Income
is found by computation prescribed
IN the law. and thar each Item of In
come from every source must Doe con-
sIdered. unless specifically exempted.
Another thing to remember Is that
the personal exemption allowed tax
payers by law has no relation whatever
20 the requirement 10 iile return This
exemption Is not 90 be considered until
person has figured nut his net IN
come and determined whether IL was
sufficient TO require him Ia nle re-
turn. Then. IL return must be filed,
ne should read carefully the instruc-
tons for claiming exemption, and com
plete his return.
II IN doubt on any point rs 10 Income
or deductions, "A person may secure
free advice and 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 failing to make u return on time
the penalty Is fine Of not more than
81 600 and an addition 81 - per cent
TO the tax, II any For making fniss
on fraudulent return the penalty II
fne ~ not more than $4,000 or Inn
prisonment not exceeding one year. or
both and. IN addition. - per cent ~
the tax. There are other penalties for
failing 10 pay tax when due and Tor
undersiatement 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. n he sold any
property during 1919 he must figure
out the gain realized II he rented
buildings land. apartments cor rooms
such rents must be considered TAXA
able and be may claim deductions for
necessary expenses incidental 70 rents. I
Bank interest II n common source
~ income and Is taxable whether with
drawn or not Any amount Of Interest
credited to deposition Is income 70
the deposition.
Interest on mortgages and notes II
taxable: also bond interest received
from corporations.
A taxpayer who cashed his insur-
ance during 1912 must report ~ In
come any exceSs received over the to-
raj of premiums paid.
Members ~ partnerships or personal
service corporations or benehciaries ~
an estate or trust must report their
shares ~ income disiribuiable 10 them
whether or not actually Withdrawn.
Dividends ~ domestic corporations
must be reported Many other forms
n income are taxable. unless specific
silly exempted.