The circle banner. [volume] (Circle, Mont.) 1914-1939, 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 SIN
gle; or $1,000 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 15 by every citi-
zen and resident who had a net in
come for 1919 amounting to:
$1,000 or over, II single; or II mar
ried and living apart from wife Cor
husband) or if widowed or divorced.
$1,000 or over, IL 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 that of de-
pendent minor children, in meeting
this requirement; and, IL sufficient to
require return, all items must be
shown in g. 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 a net income of
$1,000 or more Is not considered a
dependent and must file separate
return.
Personal returns should be made on
Form 1040A, unless the net income
exceeded $1,000, in which case Form
1o40 should be used
Residents of Montana should file
their returns with, and make payments I
of Income Tax to, James A. Walsh,
Collector of Internal Revenue, Helena,
Mont.
How to Figure income.
The best way to find out whether
one must file return is to get Form
1040A and follow the Instructions
printed on 1t. That form will serve as
| reminder of every item of income,
md If return Is due 1t tells how to
prepare and file it.
If In doubt on any point as to income
r deductions, person may secure free
dvice and aid from the nearest Inter-
al Revenue Office.
GueSSwOrk, estimates and other hit
r-miss methods are barred when per-
on is making out his Income Tax re-
urn. Accuracy and completeness must
e insisted upon. The return is a
worn statement. AS such it must be
borough and accurate.
Salaried persons and wage earners
ust ascertain the actual compensation |
sceived. Overtime, bonuses, shares in
lie profits of business, value of quar-
RS and board furnished by the en- Q
oyer and other items which are COM !
ensations for services must be in '
uded
1t must be borne In mind that COM Q
may be paid In other forms a
an in cash. bonus paid in Liberty q
onds is taxable at the market value G
the bonds. A note received in pay =
ent for services is taxable income at u
, face value, and the interest upon c.
IS also taxable. a
other Returns Due.
Every partnership doing Business in y
c United States must fila a return
Form 1865; and everY personal
rvice corporation must filri a similar
TURN. tr
must file annual re- IL
ms on Form 112C. CT
Trustees, executors, administrators
others acting in f lduciary capac- II
are required to f. de returns. In
ne cases, Form 10A1 is used; in II
ers, Form 104o; And still others, II
urns on both formslf ire required.
Information returns on Forms 1899
1906, must be, fiji ed by every or
lization, firm or erson who paid,
ing 1919, an Hms unit of $1,000 in
Try, wages, fntere st, rent, or other
d or deterYlnab lie income to an
sr persop, part nership, personal
ice corporation ~ { fiduciary. These
returnis should be for h
DEF directly to the Commissioner Ii
ETERNAL Revenue (sorting diyision), Il