Cottonwood chronicle. [volume] (Cottonwood, Idaho) 1917-current, 1920-03-05
INCOME TAX T.
RETURNS Due
Business Men, Farmers and Wage
Workers Must File Schedules
OF Income for 1919.
MARCH IS LAST FILING DATE.
Net incomes Of $1,000 or over, II Sin
Ole; or $4,000 r over u Married,
Must Be Reported.

1ne Income INK lnpOscu W NV
OF Congress on earnings of the year
1919 is now being collected.
Returns under oath must be made
on or before March IS by every citl-
zen and resident who had net IN
come for 1919 amounting 10:
$1,000 or over. II single or II mar
ried and living apart from wife Cor
husband) or II widowed or divorced.
$1,000 or over, II married and living
with wife Cor husband).
The status OF the person on the last
day of the year fixes the status Tor
the year with respect to the above
requirements.
Under any of these circumstances
return must be made, even though
no tax is due.
Husband and wife must consider
the income of both, plus thar OF de
pendent minor children, ia meeting
this requirement and, If sufficient to
require return, all Items must be
shown In joint return or In separate
returns OF husband and wife.
A single person with minor depend
ents must include the Income OF such
dependents.
A minor who has Il net income OF
1000 or more Is not considered
dependent, and must Tile a separate
return.
Personal returns should be made on
Form 1910 A, unless the net income
exceeded 5000, In which case Form
1910 should be used.
Residents Of Idaho should file their
returns with, and make payments of
Income Tax TO, Lewis Williams,
Collector Of Internal Revenue, Boise.
Idaho.
How to Figure income.
The best way TO find out whether one
must file return Is to get Form
10I0A and follow the Instructions
printed on II. That form Will serve az
reminder of every item OF income,
and II a return Is due IL tells how to
prepare and file IL.
IL In doubt ON any point as To income
or deductions, person may secure
free advice and aid from the nearest
Ahttinui AttHruue oHttt.
Guesswork, estimates and other hit
or-miss methods are barred when q
person Is making out his Income Tax
return. Accuracy and completeness
must be insisted upon. The return is
a sworn statement. AS such IL must
be thorough and accurate
Salaried persons and wage earners
In h.
tion received. Overtime, bonuses,
shares In the profits of business,
value of quarters and board furnished
by the employer and other items which
are compensations for services must
be included,
II must be borne In mind that com.
pensation may be paid In other forms
than In cash. bonus paid In Liberty
Bonds Is taxable at the market value
of the bonds. A note received in pay.
ment for services is taxable income at
Its face value, and the interest upon
IL Is also taxable.
Other Returns Due.
Every partnership doing business In
the United States must file a return
on Form 1863; and every personal
service corporation must file a similar
return.
Corporations must die annual re.
turns on Form 1920
Trustees. executors, administrators
and others acting In fiduciary capac-
ity are required TO file returns. In
some cases, Form 10I1 il used; In
others, Form 1910: and still others.
returns on both forms are required.
Information returns, ON Forms 1899
and 1895, must be flled by every or
Eanization, firm or person who paid,
during 1919, an amount OF $1,000 In
salary. wages. interest, rent. or other
fixed or determinable income to an
other person. partnership, personal
service corporation or fiduciary. These
Information returns should be for.
warded directly TO the Commissioner
of Internal Revenue (sorting division),