Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1920-01-09
INCOME TAX FACTS
YOU SHOULD KNOW
NO 1


We've you one of thousands of persons who
last year, with unqueSticned honesty of pur-
pose, filed an incorrect income tax return? Are
YOU or have you been a claimant for refund
of taxes overpaid? Have you been called upon
by the bureau of internal revenue for payment
of amounts owed the government through IN
advertence or omission in making out your
income tax form? To sum it up, have you
experienced trouble of any kind in filing your
income tax return for 1913?
If so. this is written for your benefit and
for the benefit of mo. than 100000 taxpayers
who on or before March IS, will file income
tax returns for the year 1919. 1t is certain a
percentage of these returns will be incorrect.
1t is equally certain that the percentage OF er-
rorS may be reduced if taxpayers will acquaint
themselves with the income tax provisions OF
the act of February "a, 19t9 known as the reve-
nue. act of 1918, which provides for the collec-
ton of taxes for the year 1919 and subsequent
years.
BUREAU AIDS TAXPAYERS
AS an aid to Taxpayers there has been pre-
pared with the official approval of the bureau
of internal revenue series of short articles,
of which this is the first telling how to make
out an income tax return tor 1919, when ana
where to file it, and what to do in case you
meet with unusual difficulties. By making note
of the information contained therein 1t is be-
lieved that most of the difficulties heretofore
encountered may be avoided
CHANGE N NORMAL RATE
Probably the most important change affect
ing the average taxpayer is in the normal rate,
the exemptions of 81 900 for single persons and
81 900 for married persons and heads of families
remaining the same as for 1913. The normal
rate for 1919 is per cent on the first $4,000
of net income above the exemptions and 8
per cent on the remaining net income. The
normal rate for 1918 was and II per cent, re-
Spectfully. This applies to every citizen and
resident of the United States. Alien non
residents receiving income from sources within
the United States are taxed to the full per
cent on the income from such sources.
The Surtax rates, which range from per
cent on the amount of net income between
S 600 and $4,000 to 65 per cent on the amount
of income in excess of 100000 remain I'M
changed.
MAY PAY IN INSTALLMENTS
The tax as in 1919, may be paid in full
at the time of filing the return, or in four in
fore March IS, the second on or before June
IS. the third on or before September IS, and
the fourth on or before December 49, The
first inStament must accompany the filing of
the return The period for filing is from
January / to March IS. Heavy penalties are
provided for persons who fail or "Willfully re-
fuse" to file their return 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, pOStOfficeS and banks.
If YOU income for 1910 VS. $4,000 or less ask
for Form 1910 A. If it was more than $4,000 ask
for Form 1910. Returns must be filed with the
collector of internal revenue for the district in
which the taxpayer lives has his principal place
of business
sistance, entitled 1.-THE Young Russian Cor
poral," which any boy will read with delight.
Copyright, 1920. by Srank Crane.)