Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1920-12-15
Income Returns to be Made
Soon. Rules are Explained.

Extensive plans for aiding taxpay-
ers in filing their income tax returns
for the year 1920 are being made by
the bureau of internal revenue. Rev
enue officers will visit every county
in the United States to assist in max
ing out the forms. The date of their
arrival and the location of their Of
I fees will be announced through the
press, or maybe obtained on inquiry
at offices of collectors of internal
revenue and branch Offices. The ser
vices of government experts hereto
fore offered to city residents will be
continued. 4.
Forms of fling 1920 returns of
income will be sent by collectors to
persons who last year filed return.
Failure to receive form, however,
does not relieve a person from his
obligation to file return within the
time prescribed. Copies may be OBJ
tanned from offices of collectors OF
internal revenue, branch Offices, post
Offices and banks, and are expected
, to be available on or before Jan
uary /.
To Answer Questions.
Revenue officers assigned to the
work of assisting taxpayers also will
be supplied with forms, concerning
which, and the various items OF m
come to be included, they will be
prepared to answer any and all ques-
tions. It has been demonstrated, how
ever, that many questions, may De
eliminated if the taxpeyer, before
seeking the assistance of a revenue
officer, will carefully study the In
structions on the form. =.
The period for filing returns IS
from January 1 to March l5, 1921.
The tax, this year as last, may be
Maid in full at the time of filing the
return or in four installments, the
first of which is due on or before
March Is. the second on or before
June Is, the third on or before Sep
,tember is and the fourth on or pc
fore December Is. The first install.
.ment must accompany the fling OF
the return.
Persons whose individual net In,
come for 1920 was $4,000 and less
sbould ask for Form 1040 A. Those
whose individual net income was IN
excess of $4,000 should ask for Form
1040.
The bureau of internal revenue is
urging taxpayers not to delay IN the
fling of their returns. Merchants
and business men are casting up thelr
accounts with the calendar year
1920. With the facts and figures ne
cessary to make correct return
fresh in their minds, the making out
of a form soon after January l Will
be an easier task, the bureau points
out, than if delayed.
Same as 1919.
The requirements of the revenue
act relating to returns for the year
1920 are the same as those for the
wear 1919. Every single person whose
net income for 1920 was $1,000 or
more and every married person
whose net income was $4,000 or more
must file return. The exemptions
are $1,000 for single persons and
heads of families, plus an additional
$500 for each person dependent upon
the taxpayer for chief support II such
person is under 1S years of age or
incapable of self support. A single
person may claim an exemption OF
$4,000 as the head of family if he
is the sole support of one or more
relatives living in the same house
with him and if he exercises control
over household affairs. Deductions
from gross income to which the tax
payer is entitled in arriving at net
income are fully explained in the in
structions on the forms.
The bureau is emphasizing this
year that the requirements to tlle
return rests solely upon persons
marital status and the amount of his
or her net income for the year 1921.
Single persons whose net income was
$1,000 or more and married persons
whose net income was $4,000 or
more must file return regardless OF
whether their incomes are non-taX-
able by reason of their exemptions.
The normal tax rate for 1920 is
4 per cent. on the first $4,000 of net
income above the exemption, and 8
per cent. on the remaining net In
come. Inc SurCa& fdte, WHICH 10 Soiii
puted without the benefit of the ex-
emption, ranges from l per cent. on
the amount of net income between
$4,000 and $4,000 to 65 per cent. on
the amount of net income IN excess
of $1,000,0OO.
For the information of taxpayers
in filing their returns, there has been
prepared by the bureau OF internal
revenue a series of short articles on
the income tax laws and 1920 regula-
tions, the first of which will appear
on ] January 8. Errors heretofore
made have been noted, and the tax
payer is told how this year they may
be avoided.-The State.
Mrs. Bullock Recommends Cham
berlain's Cough Remedy.