The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, 1920-03-10
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
gle; 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 IS by every citi-
zen and resident who had a net in
come for 1910 amounting to:
$1,000 or over, If single; or If mar
ned and living apart from wife Cor
husband) or If widowed or divorced.
$1,000 or over, If married and living
with wife Cor husband).
The status of the person OH 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 he 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. if sufficient to
require Il return, all items must be
shown in n joint return or in separate
returns of husband and wife
a single person with minor depend
entS mus, include the income of such
dependents
\ minor who has II net income Of
$1,000 or more is not considered a
dependent and must file separate
return.
Personal returns should be made on
Form 1OIOA, unless the net income
exceeded $4,000, in which case Form
1910 should be used
Residents of South Carolina should
file their returns with, and make pay
ments of Income Tax to, Duncan G.
Hayward. Collector OF Internal Rev.
enue, Columbia
How to Figure Income.
The best way to find out whether
one must file return is to get n Form
1O4OA and follow the instructions
printed on it. That form will serve as
a reminder of every item Of income,
. and If q return is due it tells how to
prepare and file It.
II in doubt on any point as 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 when q per-,
son Is making out his Income Tax re-
turn. Accuracy and completeness must
be insisted upon. The return Is
sworn statement. AS such it must be
thorough and accurate.
Snlaried persons and wage earners
G1S,c OF foiY
received Overtime, bonuses, shares in
the profits Of Il business. value Of quar-
ters and board furnished by the en-
ployer and other items which nre com.
pensations for services must be in
cluded.
1t must be borne IL ;::!a;. 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 the bonds. A note received in pay.
ment for services Is taxable income at
Its face value, and the interest upon
Il ia also taxable
Other Returns Due.
Every partnership doing business in
the United States must file return
on Form 1905; and every personal
service corporation must file q similar
return.
Corporations must file annual re-
turns on Form 1920
Trustees, executors, administrators
and others acting in fiduciary capac-
1ty are required to file returns In
some cases. Form 10i1 is used; in
others, Form lO40; and still others
returns on both forms are required.
Information returns, on FORMS 1893
and 1905, must be filed by every Or
ganizatiOn. firm or person who paid,
during 1919, an amount OF $1,000 in
SALARY, wages. interest, rent, or other
hxcd or determinable income to IN
other person. partnership, personal
service corporation or titlucnry. These
Information returns should be for
wnrded directly to the Commissioner
OF Internal Revenue (sorting division),
Washington, d. c.