Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1920-12-30
j. s. CAL. Is
FOR INCOME.
TAX RETURNS.
Uncle Sam Prepares to Col
lect His Annual Tithe from
Those Who Have Prospered
Exemption for 1920 Same as
for Last Year; March Is
Is the Final Day for Filing

Extensive plans for aiding taxpayers
in filing their income tax returns
for the year 1920 are being made
by the U. S. bureau of internal
revenue. Revenue officers will visit
every county in the United States to
assist in making out the forms. The
date of their arrival and the location
of their offices will be announced
through the press.
Forms for filing 1920 returns of in
come will be sent by collectors to per-
sons who last year filed a return.
Failure to receive form, however
does not relieve a person from his obs
legation to file a 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 Janu-
airy l.
WILL ANSWER ALL QUESTIONS
Revenue officers assigned to the
work of assisting taxpayers also win
be supplied with forms concerning
which, and the various items of in
come to be included, they will be
prepared to answer any and all ques
TONS 1t has been demonstrated how
ever that many questions may be
eliminated if the taxpayer, before
seeking the assistance of revenue OF
ficer, will carefully study the instruc
tions on the form.
The period for filing returns is from
tax, this year as last, 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 second on or before June Is, the
third on or before September IS, and
the fourth on or before December 10.
The first installment must accom-
pany the filing of the return.
Persons whose individual net in
come for 1920 was $4,000 and less
should ask for Form A. Those whose
individual net income was in excess of
$4,000 should ask for Form 1910
URGES HASTE IN RETURNS
The bureau of internal revenue is
urging taxpayers not to delay in the
filing of their returns. Merchants
and business men are closing up their
accounts for the calendar year 1920
With the facts and figures necessary
to make a correct return fresh in
their minds, the making out of a form
soon after January l will be an easier
task, the bureau points on, than if
delayed.
The requirements of the revenue
act relating to returns for the year
1920 are the same as those for the
year 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 $4,000 for
married persons and heads of fami-
lies plus an additional exemption of
5000 for each person dependent upon
the taxpayer for chief support if such
person is under Is years of age
or incapable of self support. A sim
gle person may claim an exemption
of $4,000 as the head of a family if he
is the sole support of one or more rel
atives living in the same house with
him and if he exercises control over
household affairs. Deductions from
OfOSS INCOME W WHICH llt tdA payer |
is entitled in arriving at net income
are fully explained in the instructions
on the forms.
WHO MUST MAKE RETURNS
The bureau is emphasizing this |
year that the requirement to file re-
turn rests solely upon a PERSONS ma
rital status and the amount Of his or
her net income for the year 1920. Sin
gle persons whose net income was $1,000 |
or more and married persons whose /
net income was $4,000 or more must |
file a return regardless of whether
their incomes are non-taxable by rea-
son of their exemptions
The normal tax rate for 1920 is
percent on the first $4,000 Of net in
come above the exemption, and per
cent on the remaining net income.
The surtax rate, which is computed
without the benefit of the exemption,
ranges from l percent on the amount
IF net income between $4,000 and
10000 to 65 percent on the amount
IF net income in excess Of Sl,OO0,OOO.