Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1920-01-10
Your Income Tax Return.

.
sons who last year, with unquestiou-
ed honesty of purpose, filed an in
correct income tax return? Are you,
or have you beer claimant for re-
fund of taxes overpaid. Have you
been called upon by the Bureau of
Internal Revenue for payment Of
amountsowed the Government through
inadyertence or omissions in making
out your income tax form? 10 sum
/ it up, have y0n experienced trouble
of any kind In filing yanr income tax
return for 1918?
II so, this is written for your bene-
| lit and for the benefit of more than
100000 taxpayers who on or before
March -, will lie income tax returns
/ for the year 1919. 1t is certain a per-
centage of these returns win be in
correct. II is equally certain that
the percentage Of errors may be large
! ly reduced if taxpayers will acquaint
I themselves with the income tax pro-
visions of the act of February "a, 1919
known as the revenue act of 1918,
which provides for the collection of
taxes for the year 1919 and subsequent
/ years.
| BUREAU AIDS TAXPAYERS.
| As an aid TO taxpayers there has
| been prepared with the official APP
/ prOval of the Bureau of Internal Rev
enue, 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
| " hat to do in case you meet with I'M
usual difficulties. BY making note of
the information contained therein, it
is believed that most of the difficulties
| heretofore encountered may be avoid
| ed.
CHANGE IN NORMAL RATE.
| Probably the most important change
affecting the average taxpayer is in
| the normal rate, the exemptions of
600 for single persons and $4,000
for married persons and heads of
! families remaining the same as for
| 1918. The normal rate for 1919 is 4
per cent on the first $4,000 of net in
come above the exemptions and per
cent on the remaining net income.
The normal rate for 1913 was 6 and II
per cent, respectively. This applies
to every citizen and resident of the
| United States. Alien non residents
receiyingineOmes from sources within
| the L nited Satates are taxed to the
full per cent on the income from
such sources.
| The surtaX rates, which range from
| per cent on the amount of net in
come between $1,000 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 time of filing the return, or
in four Installments, the first of which
is due OH or before March Is, the sec
Ond on or before June Is, the third on
or before September Is. the fourth
on or before December IL. The first
installment must accompany he filing
of the return. The period for filing is
from January | to March Is. Heavy
penalties are provided for persons
who fail or 'wilfully refuse" TO file
their return and pay the tax within
the time prescribed
Forms for making returns may be
obtained from Offices of collectors of
internal revenue and deputy collect
ors, post offices, and banks. If your
income for 1919 was 81, 900 or less,
ask for Form l04O \. If it was more
than S., 600 ask for Form 1910. Re-
turns must be filed with the collector
of internal revenue for the district in
which the taxpayer lives or has his
| principal place of business.