Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1920-03-10
INCOME TAX
RETURNS Due
Business Men, Farmers and Wage
Workers Must File Schedules
Of Income for 1919.
MARCH IS LAST FILING DATE
Net incomes 81 $1,000 or over, u Sin
ale; or $1,000 or Over II Married,
Must Be Reported.

The Income Tax imposed Dy Act
OF Congress on earnings OF the year
1919 is now being collected.
Returns under oath must be made
ON OF before March IS by every citi-
zen and resident who had net In
come for 1919 amounting to:
81 COO or over. II single: or Il mar
ried and living apart from wife Tor
husband; or IL 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 fixes the status for
the year with respect to the above
requirements.
Under any Of these circumstances q
return must be made, even though
no tar Is DUE
Husband and wife must consider
the income Of both, plus that Of de
pendent minor children. In meeting
this requirement; and. II sufficient to
require I return, all items must be
shown IN Joint return or In separate
returns Of husband and wife.
A single person with minor depend
ents must Include the income Of such
dependents
minor who has Z net income o.
$1,000 Or nefe ID not considered
dependent. and must fils . separate
return.
Perseaal returns should Be made q
Form lO40A, unless the net income
exceeded 5000. IN which case Form
1910 should ~ used.
Residents Of Iowa should dls their
returns with. and make payments
Of IAeone Tax to, Louis Murphy,
Collector Of Internal Revenue. Du-
buqus. Iowa.
How - Figure Income.
The best way to lind ont whether
one must flie Z return h to get Form
lO4oA and follow the instructions
printed On 1t That form will serve as
remainder Of every item Of income.
and II return Is due It tells how to
prepare and fle 1t.
n In doubt on any point 40 70 income
or deductions, person may secure free
advice and aid from the nearest Inter
nal Revenue once & h
Guesswork, estimates and other hit
or-miss methods are barred when . per-
son 10 making out his Income Tax re-
turn. Accuracy and completeness must
BE- insisted upon. The return II 4
sworn statement. As such It must be
thorough and accurate.
Salaried persons and wage earners
must ASCERTAIN the actual compensation
received. Overtime, bonuses. shares In
the profits of business, value Of quar-
tiers and board furnished By the en-
ployer and other items which are com
.pensations for services must be In
Guided. ~
It must be borne In mind 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
it Is also taxable
Other Returns Due.
Every partnership doing business In
the United. States must file return
on Form 1865; and every personal
service corporation must file similar
returA.
Corporations must file annual re
turns on Form 1120,
Trustees, executors, administrators
and others acting in a fiduciary capac-
ity are required to file returns. In
some cases, Form 1041 is used; In
others. Form 1910; and still others,
returns on both forms are required.
Information returns. on Forms 1893
and 1906, must be filed by every or
ganizatlon, firm or person who paid,
during 1919. an amount Of $1,000 In
salary, wages. interest, rent, or other
fixed or determinable income to an
other person. partnership, personal
service corporation or fiduciary. These
information returns should be for
warded directly to the Commissioner
OF Internal Revenue tsorting diyision),
Washington, D. c.