The Owosso times. (Owosso, Mich.) 1897-1926, 1920-02-27
INCOME TAX
RETURNS DUE
Business Men, Farmers and Wage
Workers Must File Schedules
of Income for 1919.
MARCH IS LAST FILING DATE.
Net incomes of 81 COO or Over, If Sim
gle; or So 1000 : over If 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
on or before March IS by every citi-
zen and resident who had Il net in
come for 1919 amounting to:
$1,000 or over, if single; or If mar
ried and living apart from wife Cor
husbandD or if widowed or divorced.
$1,000 or over, if married and living
with wife Cor husband).
The status OF the person on the last
day OF the W fixes the status for
the year vii respect TO the above
requirements
Under IF these circumstances a
return be made, even though
no tax is
Husba and wife must consider
the nco of both, plus that of de-
pendent nor children, in meeting
this requirement; and, II sAEcient to
require return, all itSIns 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 q net income of
$1,000 or more is not considered q
dependent, and must file separate
return.
Personal returns should be made on
Form 1910 A. unless the net income
exceeded $1,000, in which case Form
1910 should be used.
Residents of Michigan should send
returns and payments TO John A. Gro
gan, Collector of Internal Revenue, De-
troit, or f. J. Doyle, Collector Of Inter
nal Revenue, Grand Rapids.
How to Figure Income.
The best way to find cut whether one
must file return is to get Form
1040A and follow the instructions
printed on it, That form will serve as
reminder of every item Of income,
and if return is due 1t tells how to
prepare and file 1t.
If in doubt on any point AZ to income
or deductions, person may secure
free advice and aid fren the nearest
Internal Revenue Office.
GuesswOrk, estimates and other hit
ormSs methods are barred when a
person is making out his Income Tax
return. Accuracy and completeness
must be insisted upon. The return Is
a sworn statement. As such ii must
be thorough and accurate.
Salaried persons and wage earners
must ascertain the actual csmpensa-
tion received. Overtime, bonuses,
shares In the profits Of q business,
salue Of quarters and beard furnished
by the employer and other items which
are compensations fer services must
be included.
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 the bonds. A note received IN pay
Inent for services is taxable income at
It's face value, and the interest upon
IL Is also taxable.
Other Returns Due.
Every partnership doing business In
the United States must hle 3 return
on Form 1855; and every personal
service corporation must hls q similar
return.
Corporations must ale annual re-
turns on Form 112e.
Trustees, executors, administrators
and others acting In q nduciary capac-
ity are required to fle returns. In
some cases, Form 1041 Is used; In
others, Fern 1910; and still others,
returns on beth forms are required.
Information returns, On Forms 1929
and 1899, must be filed by every or
ganization, firm or person who paid,
during 1910, AN amount of 81 1000 in
salary, wages. interest. rent, or other
fixed or determinable income TO an
other person, partnership, personal
service cooperation or fiduciary. These
information returns should he for
warded directly to the Commissioner
Of Internal Revenue (sertiDg division),
Washington, ID. G.