The Bridgeport times and evening farmer., 1920-02-02
INCOME-TAX FACTS
 YOU SHOULD KNOW

Tax returns are examined by the Bureau of Internal Revenue as soon as practicable after they are filed If the amount found due proves to be greater or less than shown in the re- turn, the installments will be recom- puted. If it is shown that the amount paid is in excess, such excess will be credited against the subsequent in stallments, whereas if the difference is in favor of the Government, the balance is to be paid upon notice and demand by the collector.
 When 8 return is made in good faith and an understanding of the amount is not due to any fault of the taxpayer no penalty accrues. If the understate- ment is due to negligence but without intent to defraud, there is added per cent. of the total amount of the def- cheney, plus interest at the rate of l per cent a month from the time the tax was due. If the understssteme is false with intent to evade the tax, the penalty is a fine of not more than SIG, 900, or one years in1prago onn1ent, or both, together with the cost of prose cution, with an added asseasn ent of | 50 per cent. of the amount Of the de- ficiency.
 ] Heavy Penalties Proyided- l For failing to make a. return on 1 than $1, ,OGO and an additional assess Inent of 25 per cent of the amount due. 'fWiIIful refuSaI'' to make a, re- turn and pay the tax on time is pun lishalble bv 8 fine of not more than i $10, coo, or one years Imprisonment, or both, together with the cost of pros ecution. If 8 collector of internal revenue suspects tha& an amount of income is understated in a return, he may, on his own initiative, take up the matter with the taxpayer and, on becoming convinced that the amount Twas understated, may increase the tax, subject to the right of the tax payer to appeal to the Commissioner of Internal Revenue. The commits sioner, without the intervention of col Electors, may exercise original jurfsdic- ton in cases-of understatement-
 i The Bureau of Internal Revenue has lat it's command innumerable avenues of information for checking up delin- uuents. Under the Information at the source provision of the act reports Of pawn ents to others of $1 900 or more during the year 1919 must be made by all individuals, trustees, guardians, land other ftduciaries, and by partner Iships and corporations.
 A separate return of each employe whose salary for 1919 was $1,000 or inore is required of employers.
 The bill provides that whenever nec- Iessarv the names and addresses of the
 recipient of the income shall be fur nished iby the person, corporation, or lpartn ershtp paying it. The returns must show, whenever possible, whether lthe recipient is single. married, or the lhead of family
 Regardless of the amount, inferma- ltion returns may be required in the I.a,1 of onI1t nP interest upon Ibonds and mortgages, deeds of trust, Tor other obligations of a corporat1on
 Information Returns.
 Returns of information must be filed with the Commissioner of 1n- l ternaI Revenue at Washington. Col | lectors of internal revenue are not authorized to receive such returns 1 Forms on which the returns must i be made may be obtained, however
 from the offices of collectors
 Approximately 8,5O0,000 returns ot 1 information were received by the bu- | rea,u for the year 1918. In addition
 the bureau received 4,SOO,OOO owner
 shin certificates revealing the pay,
 ment of bond interest, dividends, ana
 foreign items of income. Information
 returns, this year, at last, will bf
 placed in the hands of deputy col , lectors of internal revenue for use 1T - rounding up delinquents.
 Revenue agents will visit ever! , county in the United States to assis F taxpayers in making out their fncom' tax forms for 1919. The date O
 their arrival and the location of thei
 offices will be announced through tn ! press, or may be obtained on in ! uufry at offices of collectors of in } ternaI revenue, post offices, or banks
 The services of these experts is offer
 ed without cost to the taXpaye2
 Failure to take advantage of then
 however, does not relieve the taxpay
 CT from his obligations under tn
 law In the payment of an fncom
 tax, the taxpayer is required to see
 the Government, not the Governmer
 the taxpayer.