The Tulsa star. [volume] (Tulsa, Okla.) 1913-1921, 1920-03-06
U. S. INCOME TAX
ExEMPTS NOBODY
Every Person Who Had Income
In 1919 Must Determine
Own Liability
MARCH IS LAST FILING DATE.
eurest Way 10 to Follow Form 1o4oA.
Free Advice In Doubtful Casea.
Severe Penalties In
Law.

Nsbedy Is exempt from Income Tar.
An obligation is laid directly on tho
shsulders Of each citizen and resident
10 consider his own case and to get his
return in on time II one Is due.
With each return showing a tax due
payment must accompany the return
In the full amount Of the tax or At
least sne-Suarter OF the tar.
All returns fer 1919 must be filed ..
or before March IS.
Must Show True Figures.
In figuring up his earnings for in
ssne taI purposes a person must take
ints consideration all items Of taxable
income, and each item itself must b
accurate In amount. Guesses and es-
u.ates must BE avoided, fer the re-
tsrn 10 nads under oath.
Evsrybscy whs had an income dur
Ing 1913 must new determine whether
his or her net income was sufficient ip
ansunt to require an Income Tax re-
tarn. The best way to find cut ls to
Set q Fern 1s4eA and follow the in
structlons printed on It, That fern
will serve as a reminder OF every iteia
Of income; and II a return is due, II
tsdis hsr to prepare and fle II.
ons Of the important points to keep
In Mad 10 that 4 persons net income
10 fsNns sy a computation prescribed
In the law, and that each Item Of in
csns from every source must be con-
Ltered. unless specifically exempted.
the personal exemption allowed tax
payers BY Law has no relation whatever
to the requirement to Ale return. This
exemption Is not to be considered until
. person has figured cut his net In
ssms and determined whether II was
SUFFICIENT to require him to file q re-
turn. Then. II 4 return must be fled,
&C shs-Ia rsad carefully the instruc-
tisns fer claiming exemption. and csm-
plste his return.
II in doubt sL any point as TO income
or deductions, a person may secure
tree advice and aid from the nearest
Internal Revenue once Many banks
and trust companies are also furnish
inE similar service during banking
hsurs
Heavy Penalties In Law.
Fer falling to make q return on time
the penalty is q fine Of not more than
81, oes and an addition Of rs per cent
10 the tar, II any. Fer making q false
or fraudulent return the penalty 10 q
fAs Of not mere than $4,000 or ia-
prisonmeat not exceeding enc year, or
beth; aaA, In addition. 50 Per cent Of
ns tai. There are ether pslaitiss fs<
failing 10 pay tax when due, and fer
usaerstate.snt Of the tax thrsash
HssfiSsace.
Many Sources sf incsne.
Aside frs. what enc may earn BY
ais services, there are many ether
sources Of incsne. II he ssid any
property duriAT 1919 he must frurs
eat the gain realized. II he rented
bxtldinEs, land, apartments or rsons
sash rents must be considered taxa
bic, aad he may clsiS2 .edsctisns fer
necessary expenses Incidental to rents.
Bank Interest 10 a common source
sf income and - taxable whether with
drawn or net Any amount Of interest
credited to a tspositsr is income to
the deposition.
Interest sn mortgages and nstss is
taxable; alss bond interest received
froE corporations.
A taxpayer whs cashed his insur-
sAce during 1919 must report as In
come any exssss received ever the to-
tai Of premiums paid.
Members of partnerships or person
i service serpsratiens or benenciR riss
Of an estate or trust nust report their
shares Of income distrib stasle to thsn
whether or net actually withdraw.
pividends Of domestic corporations
must be reported. Many other forms
y exempted