The Barre daily times. (Barre, Vt.) 1897-1959, 1920-02-28
RETURNS MUST BE.
nv BY MARCH Is
There Are Severe Penalties for Failure
to File Income Tax
Returns.

Complete returns, both of individuals
and corporations, must be in the hands
of collectors of internal revenue on or
before March Is, 1920. Extensions will
be granted only in specific cases where
urgent need for additional time in pre-
pairing the returns is shown.
Last year, if for good and sufficient
reasons it was found impossible to COM
plete return by March Is, corpora
tions and individuals were permitted
to file Oh or before that date a tenta-
tive return and were given an extern
sion of 40 days in which to file "a com
pletc return. Conditions which iusti-
fed extensions do not exist this year.
Where additional time is actually
required, because of illness or absence,
the collector of internal revenue may
grant an extension of not to exceed 30
days upon written application therefor
made before the return is due. II be-
fore the end of the 30.day extension an
accurate return cannot be made, an APP
peal for further extension must be
made to the commissioner of internal
revenue, with full recital of the
causes for the delay. The commission
er will not grant an additional exten-
sion without clear showing that a
complete return cannot be made at the
end of the 30-day period.
Payment of Tax.
The tax may be paid in full at the
time of filing the return or in four in
stallments, the first of which must ac-
company the filing of the return. The
subsequent installments are due on or
before June Is, ON or before Sept. 10,
and on or before Dec lJ
If the return is not filed within the
time specified, the taxpayer is subject
to a penalty of 81 900 and to an addi-
tional assessment of % per cent of the
amount Of tax due.
The return should be sent to the coll
lector of internal revenue for the dis
trict in which the taxpayer has his resi-
dence or principal place of business
When a person required to make
return is unable TO do so because of
illness, minority, absence or nonresi-
dence. it may be done by an agent hav-
ing sufficient knowledge of such per-
sons affairs to enable him to make a
complete and true return.
Payment may be made in cash. bank
check or draft. Collectors will receive
uncertified checks and the tax viii be
considered paid as OF the date the
check was received, provided it is not
later dishonored. If check is not paid
upon presentation, liability for the tax
and all penalties are revived.
Penalties for Evasion.
Where a return is willfully false or
or contains false or fraud
ulent statements made with intent to
evade the tax, the penalty is a fine OF
not more than $4,000 or imprisonment !
for not more than one year, or both, |
together with an additional assessment |
Of so per cent of the amount of tax
evaded. Where the understatement is'I
due to negligence without intent to de-
fraud the penalty is 5 per cent of the |
amount of the deficiency, plus interest |
at the rate of / per cent per month on
such amount from the time when it
was payable If the return is made in
good faith and an understatement is
made without any fault OF the tax
payer, there is no penalty, but the tax
will be increased to the proper amount |
Taxpayers are urged by the bureau
of internal revenue not to delay in the
filing of returns and TO pay taxes in as