Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1920-02-27
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 Sin
gle; or $4,000 or Over If Married,
Must Be Reported.
MARCH Is LAST FILING DATE.

The Income Tax imposed by Act
Of Congress on earnings of. the year
1919 is now being collected. -
Returns under oath must be m
on or before March Is by eve
zen and resident who had 80
come for 1919 amounting TO:
$1,000 or over, If single; or If MI
ried and living apart from wife to'
husbanO; or if widowed or divorced
$1,000 or over, If married and living
with wife Cor husbanO.
The status of the person on the last
day of the year fixes tie status for
the year with respect to the above
requirements.
Under any of these circumstances
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 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.
A minor who has net income of
$1,000 or more is not considered
dependent, and must file separate
return
Personal returns should be made on
Form 1040A, unless the net income
exceeded $4,000 in which case Form
1910 should be used.
Residents of Wisconsin should file
their returns with, and make payments
of Income Tax to, Burt Williams,
Collector Of Internal Revenue, Mil
waukee
How to Figure Income.
The best way TO find out whether
one must file a return is to get a Form
1040A and follow the instructions
printed on it, That form will serve as
reminder of every item of income.
and if return Is due it 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
sworn statement. As such 1t must be
thorough and accurate.
Salaried persons and wage earners
mus 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
cIided.
1t must be borne in mind that COM
pensation may be paid in other forms
than in cash. bonus paid in Liberty
Bonds i taxable at the market value
of the bonds. A note received in pay
ment for services is taxable income at
it's 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 ForIa 1865: and every personal
seryice corporation must file similar
netnrn.
Corporations must file annual re-
NJ ms on Form 1920.
Cusfees. EXECUTORS, administrators
tthers acting in fiduciary capac
are required to file returns. In
ne cases, Form 104l is used; in
others. Form 1910: and still others,
returns on both forms are required
Information returns, on Forms 1899
and 1906, 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
fixed or determinahie income to an
other person, partnership, personal
service corporation or fiduciary. These !
information returns should be for |
warded directly to the Commissioners
of Internal Revenue (sorting division).
Washington. ID. G.
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