Fair play., 1920-03-06
INCOME TAX ~
RETURNS DUE
Business Men, Farmers and WAGE
Workers Must File Schedules
Of Income for 1919.
MARCH IS LAST FILING DATE.
Net incomes q ei,ooo o. Over, II Sin.
Gle; Or 5000 lover H. Married,
Must Dc Reported.


Of Congress on earnings Of the yeal
1919 is now being collected.
Returns under oath must be made
on or before March IS By every citi
zen and resident who had q net in.
come for 1919 amounting to-:
$1,000 or over. II single; or II mar
ried and living apart from wife (of
husband) or II widowed or divorced
$1,000 or over, II married and living
with wife (or husband).
The status Of the person on the last
day Of the year fixes the status fsl
, the year with respect to the above
requirements.
Under any Of these circumstances .
return must b made, even though
no tax 10 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 q return, all items 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 moro Is not considered Q
dependent, and must Ale q separate
return.
Personal returns should be made on
Form 1O4O A, unless the net income
exceeded 5000, in which case Form
1040 should be used.
Missourians should send returns and
payments to Geo. H. Moore, Collector
Of Internal Revenue, st. Louis, or Geo.
F. Crutchley, Collector Of Internal Rev.
,enue, Kansas City, No.
How 70 Figure Income.
The best way to find out whether one
must file a return Is to get Form
1O40A and follow the instructions
printed on 1t. That form will serve a.
a reminder Of every item Of income,
and II q return IL due 1t tells how to
prepare and nle 1t.
II In doubt on any point as to income
or deductions, person may secure
free advice and aid from the nearest
Internal Revenue ONCE.
Guesswork. estimates and other hit.
sr-miss methods are barred when q
person Is making out his Income Tax
return. Accuracy and completeness
must he insisted upon. The return ID
q sworn statement. As such It must
be thorough and accurate.
Salaried persons and wage earners
must ascertain the actual compensa-
tion received. Overtime. bonuses,
shares In the profits Of a business.
value Of quarters and board furnished
by the employer and other items which
are compensations for 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.
ment for services is taxable income at
Its face value, and the interest upon
It is also taxable.
Other Returns Due.
Every partnership doing business In
INV Ouitcu OtetcS mubt ulo u TcLuTn
on Form 1885; and every personal
DrvIce corporation must file q similar
return.
Corporations must file annual 70.
turns on Form 1120.
Trustees, executors, administrators
and others acting In q fduciary capac.
ity are required to file returns. In
some cases, Form 1041 is used; in
others, Form 1910; and still others
returns on both forms are required.
Information returns, on Forms 1O9G
and 1895, must be dled BY every or
Eanization, Arm or person who paid
during 1919, an amount Of $1,000 In
salary, wages, interest, rent, or other
fixed Or determinable income to an.
other person, partnership, personal
service corporation or hduciary. These
information returns should be for
warded directly to the Commissioner
Of Internal Revenue (sorting division)
Washington, d. G.