The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-01-06
Income Tax Facts
You Should Know

Were you one OF thousands OF per-
soma who last year. with unqucstioncd
honesty OF urpoa filed an Incorrect
income tax roturn2 Arc you, OF have
you been "a claimant for refund OF
taxes o%vorpaidf Have you been
called upon by the Bureau of Internal
Revenue for payment Of amounts
owed the government through mad
V%crtonCc OF omissions In making out
your income tax form To sum %
up. have you experienced trouble Of
any Kind IN filing your Income TAX
return for 1872
II 10. his ls written for your benz
eft ana for the benefit OF moro than
5000, 600 taxpayers who, on or before
March 10, Will nlo income tax re-
turns for tho year 1919. II ia ccr-
tain "a percentage Of these returns
will be incorrect. II is equally core
tain that the percentage OF errors
may be largely reduced 10 taxpayers
will acqualnt themselves with the i'm
como tax provisions Of the act OF
February 20 1919, known as the
revenue act ~ 1918. which provides
for the collection Of taxes Tor tho
year 1919 and subsequent years.
bureau Aids Taxpayers.
As m aid 60 taxpayers there has
been prepared with the official APP
proVal Of tho Bureau OF Internal
lNANNNMNH n NNNANN OF NNNIN ANNNNNNNs Ut
which this IL the first, telling how TO
make an income tax return for
1919, when and where to file it. and
what to do In asa you meet with
unusual difficulties. By making note
OF the information obtained therein.
It Is believed that most OF tho ami
cultios heretofore encountered may
be avoided.
Change In Normal Rate.
IHERIAENH Al. 49, H-.HAa
change Affecting the average taxpaycr
= f. In the normal rate, the exemptions
Of $1,000 FOR single persons ana So
600 for married persons ans heads OF
families remaining he SAM az for
1915, The normal rate Tor 1919 IN
4 PEE cent on the first $4,000 OF not
Income above tho exemptions and s
per cent on the remaining net iu-
come. The normal rate for 1913 was
b and ~ per cent. respectively. THIS
applies to every citizens and resident
OF the United States. Alien uourysI-
dents receiving income from sources
within the United States are taxed to
the fun 5 per cont ON the Income
from such sources.
The surtax rates. which range from
! per cent ON the mount uf net Inc
come between $1,000 and 10000 TO
90 per cent on the mouu OF income
In excess OF $1,000 600. RENAL uu-
changed.
May Ray InstaIlmcnts.
The tax. as IN 1913. may be paid ln
fun at the time OF filing the return.
on IN four iustallmcuts. the first OF
which is due ON or before March no..
the second on or before June 10. tho
third on or before september 10. and
the fourth on OF before December 10.
The first iustallmcnt murt accompany
the films OF tho return. The period
TOT ullug Is from January ! To- March
l5 Ecatt penalties Hr, provided Tor
persons who tail COR "wiIlfully refuse
to file their return and uuy th, tax
within the time prescribed
Forms tor making returns may Ic
Obtained from offices of collectors OF
Internal TvNruu, aud deputy ,HIIr,t-
urs. post offices ana banks. Dr. your
Income for 1919 was 1000 coz l,Hs.
usk Tor Form 1910 4. 10 o. was moro
than $4,000 ask for Form 1000. IUa
turns must hr uiui with th, collector
OF internal r,Nouur for tnr uIa.rIyf
boo whINh the ilNpINrr lives cog has
DIE principal pl,g. uf business,