The Cordele dispatch. (Cordele, Ga.) 19??-1971, 1920-01-06
INCOME TAX FACTS
YOU SHOULD KNOW

4 oOho VIM ldSI year, Will uHQueSLlOueC
honesty of purpose, fled an incorrect
income tax return? Are you, or have
you been a claimant for refund oil
ktaxes overpaid? Have you been call
Ion, by the bureau of internal reve-
nue. for payment Of amounts owed the
government through iradvertance or
omissions in making out your income
tax form? To sum it up, have you ex-
J peT.cnced iroayIe Of any kind in fill
ing you income tax return for 1918?
If so.fthis is written for ycur ben.
eft and for the benefit of more than
100000 taxpayers who, on or before
March Is, win file income tax returns
for the year 1919. 1t is certain a per-
| centage of these returns will be in
correct 1t is equally certain that the
percentage of errors may be largely
reduced 10 taxpayers will acquaint
themselves with the income tax pro-
visions of the act of February "a, 1919
known as the revenue act of 1919
which provides for the collection of
taxes for the year 1919 and subse-
quent years.
AS an aid to taxpayers there has
been prepared with the official ap-
prOval Of the bureau of internal re-
venue, a series of short articles, of
which this is the first, telling how
to make out an meme tax return for
| 1919, when and where to file it. and
what to do in case you meet with I'M
usual difficulties. BY making note of
the information contained therein, it
is believed that the most of the diff
ficulties heretofore encountered may
be avoided.
Probably the most important change
affecting the average tax payer is in
the normal rate, the exemptions OF
$1,000 for single persons and $4,000
i for married persons and heads of fam
lilies remaining the same as for 1918.
The normal rate for 1919 is four per-
cent on the first four thousand of net
income above the exemptions and 8
percent on the remainder net income.
| The normal rate for 1918 was and
IL percent. respectively. This applies
to every citizen and resident of the
United States. Alien non-residents re-
ceiving income from sources within
| the United States are taxed to the
full percent on the income from
such sources.
The surtax rates, from l percent
on the amount Of the net income be-
tween $4,000 and $4,000 to IS percent
on the amount of income in excess of
| 81 100000 remain unchanged.
The tax, as lin 1919. may be paid
| in full at the time of filing the return
| or in four installments, the first of
which is due en- or before March Is.
| the second on or before June Is, the
| third on or before September Is, and
| the fourth on or before December Is.
! The first irstallment must accompany
| the filing of the return. The period
for filing is from January l to March
5. Heavy penalties are provided for
persons who fail or "wilfully refuse"
| to file their returns and pay the tax
| within the time prescribed.
Forms for making returns may be
obtained from offices of collectors OF
internal revenue and deputy collectors
post offices ard banks. If you income
for 1919 was five thousand or less,
ask for form 1910 A. If it was more
than five thousand ask for form 1040.
Returns must be filed with the col
lector of internal revenue for the dis
| trict in whichthe taxpayer lives or has
his principal place of business.
| SIJMPTER COUNTY NEGRO IS