The Barre daily times. (Barre, Vt.) 1897-1959, 1920-01-05
YOUR INCOME TAX.
Did You Internationally File an In.
correct Return Last Year?

Were Won one OF thousands Of per
SONS who last wear, with unquestioned
honesty of purpose, filed an incorrect
/ income tax return? Are you. or have
( you been a claimant for refund of taxes
overpaid? Have you been called upon
| bv the bureau of internal revenue for
payment Of amounts owed the govern
ment through inadvertenee or omis-
sions in making out your income tax
| form? 70 sum it up, have you expe-
/ rieneed trouble OF any kind in filing
your income tax return for 1918?
II so, this is written for your benefit
and for the benefit Of more than 3,000,.
! 900 taxpayers who, on or before March
| ID, will file income tax returns for the
| year 1919. 1t is certain a percentage
| of there returns will be incorrect. 1t
| is equally certain that the percentage
of errors may be largely reduced if tax
payers will aequaint themselves with
the income tax provisions Of the act of
Feb. "a. 1919, known as the revenue act
of 1915. which provides for the collee-
ton of taxes for the year 1919 and sub
sequent years.
Bureau Aids Taxpayers.
As an aid to taxpayers there has
been prepared with the official approx
al of the bureau OF internal revenue, a
series of short articles, of which this
is the first, telling how TO make out an
income tax return for 1919, when and
where to file it, and what to do in case
YOU meet with unusual difficulties. By
making note of the information con
tanned therein, it is believed that most
of the difficulties heretofore encoun
tered may be avoided.
Change in Normal Rate.
Probably the most important change
affecting the average taxpayer is in the
normal rate, the exemptions of 81 900
for single persons and $4,000 for mar
ried persons and heads of families re-
naming the same as for 1918. The
normal rate for 1919 is per cent on
the first $4,000 of net income above the
exemptions and per cent on the re-
naming net income The normal rate
for 1918 was 6 and ~ per cent, respec-
lively 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 in
come from such sources.
The surtax rates, which range from
per cent on the amount of net income
between 5000 and $4,000 to 65 per cent
on the amount of income in excess Of
81 900 900, remain unchanged.
May Pay in Installments.
The tax, as in 1919. may be paid in
full at the time of filing the return, or
in four installments, the first of which
is due on or before March 10, the sec
ond on or before June Is, the third on
or before Sept. 10, and the fourth on
or before Dec 10, The first installment
must accompany the filing Of the re-
turn. The period for filing is from
Jan. to March Is Heavy penalties
are provided for persons who fail or
"willfully refuse to file their return
and pay the tax within the time pre-
seribed
Forms for making returns may be
obtained from offices of collectors of
internal revenue and deputy collectors,
postoffiees and banks. ii your income
for 1919 was 5000 or less, ask for
form l040 A. If it was more than
SIS 900 ask for form 1910. Returns
must be filed with the collector of in
ternal revenue for the district in which |
the taxpayer lives or has his principal
place OF business.