The Rathdrum tribune. (Rathdrum, Idaho) 1903-1963, 1920-03-05
Income Taxes Are Due

The Income Tax imposed by ACT
NJ Congress- on earnings of the year
1919 Is now being collected.
Returns under oath must be maue
on or before March Is by every GU
zen and resident who had net III
come for 1919 amounting TO:
$1,000 or over, If single; or If mar
ried and living apart from wire tor
husband) or If widowed or divorced
$1,000 or over, If married and living
with wife Cor husband).
The status Of the person on the las'
day of the year fixes the status 1or
the year with respect to the ABOVE
requirements.
Under any of these circumstances q
return must be made, even thousn
no tax is due.
Husband and wife must consider
the income of both, plus that OF oe-
pendent minor children, in meeting
this requirement; and, If sufhcleht 10
require a return, all items must De
shown in a 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 net income Oh
$1,000 or more is not considered
dependent, and must file separate
| return.
Personal returns should be made on
Form 1O4OA, unless the net income
exceeded $4,000, in which case FORM
104O should be used.
Residents of Idaho should file their
returns with, and make payments OF
Income Tax to, Lewis Williams,
Collector OF Internal Revenue Boise
Idaho.
How to Figure Income.
The best way to find out whether
one must file a return Is to get Form
1O4OA and follow the instructions
printed on it. That form will serve as
reminder of every item of income,
and If q return is due 1t tells how to
prepare and file It,
If 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 per-
son is making out his Income Tax re-
turn. Accuracy and completeness must
be insisted upon. The return is a
sworn statement. AS such 1t must be
thorough and accurate.
Sa!aried persons and wage earneTs
must ascertain the actual compensation
received. Overtime, bonuses, shares in
the profits of business, value of quar-
ters and board furnished by the EN-
ployer and other items which are com
pensations for services must be in
Guided.
1t must be borne in mind that com
pensation may be paid In other form
) than in cash. A bonus paid In Libert
J Bonds Is taxable at the market valu
of the bonds. A note received in pay
ment for services is taxable income a
f its face value, and the interest upo
it Is also taxable.
Other Returns Due.
G Every partnership doing business
the United States must file retur
on Form 1866; and every persona
q service corporation must file simila
return.
!, Corporations must file annual n
q turns on Form 1920.
Trustees, executors, administrator
S and others acting in a fiduciary capa
n ity are required to file returns.
y some cases, Form 1041 is used;
n others, Form 1910; and still other
returns on both forms are required.
Information returns, on Forms 10!
= and 1896, must be filed by every o
ganization, firm or person who pal
/ during 1919, an amount of $1,000
O salary, wages, interest, rent, or 9th
fixed or determinable income to a
!. other person, partnership, person
% service corporation or fiduciary. The
information returns should be fO
re warded directly to the Commission
- of Internal Revenue (sOrting division
Washington, d. G.