Mrs. Grundy. (Tracy City, Tenn.) 1903-1930, 1920-02-26
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 $1,000 or Over, II Sim
GLE; or $4,000 ! over.if Married,
Must Be Reported.

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 a net in
come for 1919 amounting to:
$1,000 or over. If single or IL mar
ried and living apart from wife Tor
husband); or IL widowed or divorced.
$4,000 or over, II married and living
with wife Cor 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 a
return must be made, even though
no tax Is due.
Husband and wife must consider
the income Of both, plus thar of de-
pendent minor children, in meeting
this requirement; and, II sufficient to
require return. all Items must u
shown In a joint return or In separate
returns of husband and wife.
A single person with minor depeld-
ents must include the income of such
dependents.
A minor who has net income Of
$1,000 or more Is not considered a
dependent, and must file separ re
return.
Personal returns should be made IN
| Form 1910 A, unless the net incU 10
exceeded 5000, In which case Fo m
| 1910 should be used
Residents of Tennessee should file
| their returns with, and ,make y vmtfFts
| OF income Tax to, Edward L Cr; :,
Collector of Internal Revenue. Nash
vile.
How to Figure Income.
The best way to find out whether one
must file return ID to get Form
1940A and follow the Instructions
printed on It. That form will serve as
reminder of every item Of income,
and IL return is due It 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
| Internal Revenue Office
Guesswerk, estimates and other hit
| er-miss methods are barred when q
! person is making out his Income Tax
| return. Accuracy and completeness
must be insisted upon. The return is
be Thorough and accurate.
! Salaried persons and wage earners
must ascertain the actual compensa-
| ton received. Overtime, bonuses,
!, shares in the profits of business,
value Of quarters and board furnished
by the employer and other items which
are compensations for services must
/ be included.
It must be borne in mind that COM
pensation may be paid in ether 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 ia taxable income q,
its face value, and the interest upon
II Is also taxable
Other Returns Due.
Every partnership doing business In
The United States must file returT
On Form 1895; and every persona
service corporati0f5must file similal
] return.
Corporations must Ale annual. re
turns on Form 1120.
Trustees, executors, administration
and others acting in a fduciary eapac
ity are required to file returns. Ii
some cases, Form 1041 is used: II
others, Form 104o; and still others
returns on both forms are required.
Information returns, on Forms 100
and 1905, must be fled by every OF
Eanisatien, firm or person who paid
during 1919. an amount Of $1,000 Il
salary, wages. interest, rent, or ethe
Axed or determinable income to an
ether person, partnership, persons
service corporation or fiduciary. Thes