Greenwood daily commonwealth. (Greenwood, Miss.) 1919-1926, 1920-03-02
INCOME TAX
RETURNS DUE
Business Men, Farmers and Wage
Workers Must File Schedules
of Income for 1919.
MARCH IS LAST FILING DATE.
Net Incomes Of 81 900 or Over, If Sim
Gle; or $4,000 . 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 1919 amounting to-:
$1,000 or over, if single or if mar
ried and living apart from wife Cor
%husband) F.; or if widowed or divorced.
$1,000 or v if married and living
with wife Cor husband.
The status of the person on the last
day Of the veal fixes the status for
the year with respect to the above
requirements.
Under n of these circumstances q
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, If sufficient to
require a return, all items must be
show 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 a net income Of
81. 900 or more is not considered a
dependent, and must file a separate
return.
Personal returns should be made on
Form 1910 A., unless the net income
exceeded $1,000, in which case Form
1O4O should be used.
Residents of Mississippi should file
their returns with, and make payments
Of Income Tax to, George L. Donald,
Collector CT Internal Revenue, Jackson,
Miss.
How to Figure Income.
The best way to find out whether one
must file a return is to get a Form
1O4OA and follow the instructions
printed on it. That form will serve as
a reminder of every item of income,
and If a return is due it tells how to
prepare and file it.
If in doubt on any point as to income
or deductions, q person may secure
free advice and aid from the nearest
Internal Revenue Office.
uucSSWOIk, cSlluldlcS anu OtucT Hit
or-miss methods are barred when 9
person is making out his Income Taz
return. Accuracy and completeness
must be insisted upon. The return i.
a sworn statement. AS such it mus
be thorough and accurate.
Salaried persons and wage Garner!
must ascertain the actual compensa
ton received. Overtime, bonuses
shares in the profits Of a business
value Of quarters and board furnished
by the employer and other items which
are compensations for services mus
be included.
1t must be borne in mind hat com
pensation may be paid in other form
than in cash. A bonus paid in Libert,
Bonds is taxable at the market value
Of the bonds. A note received in pay
ment for services is taxable income a
it's face value, and the interest upol
1t Is also taxable.
Other Returns Due.
Every partnership doing business II
the United States must file a return
on Form 1865; and every persona
service corporation must file q simila
return.
Corporations must file annua re
turns Oh Form 1920.
Trustees, executors, administrator
and others acting in a fiduciary capae
ity are required to file returns. L
some cases, Form 1O4l is used; Il
others, Form 1910; and still Others
returns on both forms are required.
Information returns, on Forms 100
and 1896, must be filed by every OF
g%anizaiion, firm or person whes pait
during 1919, an AMOUNT of $1,000 i
salary. wages, interest, rent, or othe
fixed or Geterminable income to ar
other person, partnership, persons
service corporation or %fiduciary. Thes
Information returns should be fol
warded directly to the COMMISSIONS
of Internal Revenue (sorting division,
Washington, D. c.