The Pascagoula chronicle., 1920-03-05
INCOME TAX
RETURNS DUE
BUSINESS Men, Farmers andwass
Workers Must File Schedules
o. Income for 1919.
MARCH Is LAST FILING DATE.
Net incomes q $1,000 Or over, II SIN
Gle; o. $500 or Over II Marr'sa'
Must d Reported.

AnO 4RNOmN
Of Congress on earnings OF the year
1919 il now being collected
Returns under oath must De ihaue
On Or before March Is by every cil'
zen and resident whs had net In
come for 1919 amounting to:
$1,000 or over, II single; or II mar
ried and living apart from wire 'or
husband) or II widowed or divorced
$1,000 or over, II married and living
with wife Tor husband).
The status Of the person on the last
day Of the year Axes the status TOT
the year with respect 10 the ABOVE
requirements.
Under any Of these circumstances q
return must be made, even though
ne tax is due.
Husband and wife must csnsiaer
the income Of both. plus that OF de-
pendent minor children. in meeting
this requirement; and, il sufficient to
require q return, all items must De
shown in q 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 whs has 4 net income OK
$Leo0 or mere Is not considered q
dependent, and must ale q separate
return.
Personal returns should be made On
Fern 104oA, unless the net income
exceeded 3s,oOe, in which case Form
1910 should be used.
Residents Of Mississippi should hle
their returns with, and make payments
Of Income Tax to, George L. Donald,
Collector Of Internal Revenue, Jackson,
Miss.
How to Figure Income.
The best way to find cut whether
enc must file 4 return is to get Form
1O40A and follow the Instructions
printed - 1t. That form will serve as
a reminder of every item Of income,
and II Q return Is due 1t tells how to
prepare and flle It.
If in doubt on any point as to income
Or deductions, q person may secure free
advice and aid from the nearest Inter-
nal Revenue efice.
Guesswsrk, estimates and other hit.
er-niss Methods are barred when per-
sen IL making out his Income Tax re-
turn. Accuracy and completeness must
be insisted upon. The return is q
sworn statement. As such II must be
thorough and accurate.
Ss,sstsd persons and wage earners
RuEt ascertain the actual compensation
received. Overtime, bonuses, shares in
the profits Of 4 business, value Of quar-
tiers and board furnished by the en-
ployer and other items which are CON-
pensations for services must be in
cluded.
It must be borne in mind that COM
pehsatisA may be paid in other forms
than IN cash. A bonus paid in Liberty
Bonds Is taxable at the market value
Of the bends. A note received in pay
ment for services 10 taxable income ut
its face value, and the interest upon
It Is also taxable.
othsr Returns Due.
Every partne rshlp doing business in
the UAited States must file a return
On Form 1895; and every personal
service corporation must file similar
return.
Corporations must ale annual re-
turns On Fern 112O.
Trustees. executors, administrators
and others acting in 4 Aduciary capac-
ity are required 70 flle returns. In
some cases, Form 1041 is used; In
others, Form 1910; and still others,
returns On beth forms are required.
Information returns. on Forms 1899
and 1899, must be fled by every or
6rm Or person who paid,
during 1919. an amount Of $1,000 in
salary, wages, interest, rent, or ether
axed or deterninable Income to an
sther person, partnership. personal
ssrvice corporation or Hduclary. These
returns should be for
wsrled directly to the Commissioner
II Internal Revenue (sorting divisleA),
d. G.