The Elk Mountain pilot., 1920-02-26
INCOME TAX
RETURNS DUE
Business Men, Farmers andWage
Workers Must File Schedules
of Income for 1919.
MARCH IS LAST FILING DATE.
Net Incomes Of $1,000 or Over, II Sin
gle; or $4,000 or 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 net In
come for 1919 amounting to:
$1,000 or over, If single; or IL mar
ried and living apart from wife (or
husband) or II widowed or divorced.
5000 or over, II married and living
with wife Tor husband).
The status of the person on the last
day of the year fixes the status for
the year with respect to the above
requirements.
Under any of these circumstances
return must be made, even though
NO tax Is due.
Husband and wife must consider
the income of both, plus that OF de-
pendent minor children. in meeting
this requirement; and, II sufficient to
require a return, all Items must be
shown In a 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 net income Of
$1,000 or more is not considered
dependent. and must file separate
return.
Personal returns should be made on
Form 1OlOA, unless the net income
exceeded 5000, in which case Form
1910 should be used.
Residents of Colorado should hle
their returns with, and make payments
of Income Tax to, Mark A. Skinner,
Collector OF Internal Revenue, Denver,
Col
How to Figure income.
The best way to find out whether
one must file return is to get Form
1O4oA and follow the instructions
printed on 1t. That form will serve ms
reminder Of every item OF income
and II u return is due 1t tells how to
prepare and file 1t.
II in doubt on any point as to income
or deductions, a person may secure free
advice and aid from the nearest Inter-
nal Revenue Office.
Guesswork estimates and other hit
or-miss methods are barred when per-
son Is making out his Income Tax re-
turn. Accuracy and completeness must
be insisted upon. The return Is
sworn statement. As such 1t must be
thorough and accurate.
Sa,nrted persons and wage enrners
must ascertain the actual compensation
received. Overtime. bonuses. shares In
the profits of business. value OF quar-
ters and board furnished by the EN-
ployer and other items which are com
pensations for services must be In
cluded.
1t must be borne In mind that com
pensation may he paid in other forms
than in cash. A bonus paid in Libert!
Bonds is taxable at the market value
of the bonds. A note received in pay
ment for services is taxable income Il
its face value. and the interest upoi
it Is also taxable.
Other Returns Due.
Every partnership doing business II
the United States must file return
on Form 1865; aud every persona
service corporation must file simila
return.
CORPORATIONS must file annual re
turns on Form 112O.
Trustees, executors, administrators
md others acting in fiduciary capac
ity are required to file returns. II
some cases, Form 1O41 is used; il
others, Form 1910: and still Others
returns on both forms are required.
Information returns. on Forms lUt
and lO96, must be filed by every or
Canization, firm or person who paid
during 1919, an amount of $l,OOO IL
salary, wages. interest, rent, or othe
fixed or determinable income to an
other person, partnership, persona
service corporation or fiduciary. Thes'
information returns should be Tor
warded directly to the Commissions
of Internal Revenue (sorting division
Washington, ID. G.