The St. Mary banner., 1920-02-28
INCOME TAX
RETURNS DUE:
Business Men, Farmers andWaue
Workers Must File Schedules
of Income for 1919.
MARCH IS LAST FILING DATE.
Net incomes Of 1000 or Over, if Sim
ole; or $4,000 or Over il Married,
Must Be Reported.

The Income Tax imposed by ACT
of Congress ON earnings Of the year
1919 is now being collected.
Returns under oath must be made
oil or before March Is by every citi-
zen and resident who had net in
come for 1919 amounting to:
$1,000 or over if single; or if mar
ried AMI living apart from wife Cor
hushanD or if widowed or divorced.
5000 or over, if married and living
with wife (or husbanO.
The status of the person on the last
day of the year fixes the status for
the year with respect to the above
requirements.
Under any of these circumstances a
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 IL return, all items must be
shown in joint return or in separate
returns of husband and wife
A single person with minor depend
ent> must include the income of such
dependents.
\ minor who has Il net income OF
81 900 or more is not considered a
dependent, and must file separate
return.
PerSonal returns Should Ike made on
Form 1UloA, unless The net income
exceeded $1,000, in which case Form
1910 should be used.
Residents of Louisiana should file
their returns with, and make payments
Of Income Tax to. r. W. Fontenot.
Collector Of Internal Revenue, New
Orleans
How to Figure Income.
The best way 10 find out whether
one must file Il return is to get Form
1040A and follow the instructions
printed omit. That form will serve as,
reminder of every item Of income,
and if Il. return is due it tells how to
prepare and file it.
If in doubt on any point as to income
or deductions, Il person may secure FREE.
advice and aid from the nearest Inter
nal Revenue office ~
Guessw0rk. estimates and other hit
or-miss methods are barred when a per-
son is making out his Income Tax re-
turn. Accuracy and completeness must
he insisted upon. The return Is q
sworn statement AS such it must be
thorough and accurate
Salaried persons and wage earners
niuS' ascertain the actual compensation
received. Overtime, bonuses, shares in
the profits of business, value of quar-
ters and board furnished by the em-
ployer and other items which are COM
pei,SatiOnS for services must be in
ci,:ded
1t must be borne in mind that COM
penSation may be paid in other forms
than in cash. A bonus paid in Liberty
Bonds is taxable at the market value
Of tie bonds. A note received in pay
ment for services is taxable income at
its face value, and the interest upon
it is also taxable.
Other Returns Due.
Every partnership doing business in
the United States must file return
OH Form 1865; and every personal
service corporation must file similar
return.
Corporations must file annual re-
turns on Form 1920
Trustees, executors, administrators !
and others acting in fiduciary eapae-
ity are required to file returns. In
some cases Form 1O4l is used; in
others, Form 1910; and still others,
returns on both forms are required
Information returns, on Forms 1899 |
and 1926, must be fled 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 leterininable income to an.
other person, partnership, personal !
service corporation or fsluciaYy, These |
Information returns should be tor |
war&ea directly TO t,e Commissioners !
of Internal Eeves,se Isotting Gvssiens. /
Washington, ID, C. i
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