Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-12-14
TAXPAYERS SHOULD
Study INSTRUCTIONS.

sTAxPAYERs SHOULD
STUDY INSTRUCTIONS.
Revenue officers assigned to the work
of assisting taxpayers also viii be sup
piled with forms, concerning which, and
the various items OF income to be in
eluded. they viii be prepared to answer
any and all questions. 1t has been
demonstrated, however, that many ques-
lions may be eliminated il the taxpayer,
before seeking the assistance Of revenue
OFFICER, will carefully study the instruc-
tons on the form.
The period for fling returns is from
Jan. to March 8. 1921. The tax this
year as last may be paid in full at the
time Of fling the return or in four in
staIimsntS, the first Of which is due on
or before March Is, the second on or
before June Is, the third on or before
September 15, and the fourth on or be-
fore Dec. 10. The first installment must
accompany the fling OF the return.
Persons whose individual net income
for 1920 was 5000 and less should ask
for Form 1910 A. Those whose indiyid-
ual net income was in excess OF 5000
should ask for Form 104o.
PROMPT ATTENTION
ASKED By BUREAU.
The Bureau Of Internal Revenue is
urging taxpayers not to delay IN the
fling Of their returns. Merchants and
business men are casting up their ac-
counts 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 Jan.
/ VIII be an easier task, the bureau points
out, than If delayed.
relating to returns for the year 1920 are
Sfhe same SIS those for the year 1919 Every
single person whose net income for 1920
was 81 GOO or more and every married
person whose net income was $1,000 or
more must file return. The exemptions
are $1,000 for single persons and 81. 900
for married persons and heads of families.
plus an additional exemption Of SEQ for
each person dependent upon the taxpayer
for chief support IL such person is under
is years OF age or incapable OF self-sup-
port A single person may claim an ex-
enption Of $1,000 as the head OF a fam
ny he Is the sole support Of one or
more relatives living IN the same house
with him, and II he exercises control over
household affairs. Deductions from gross
Income to which the taxpayer is entitled
IN arriving at net income are fully ex-
planned in the Instructions on the forms.
MARITAL STATUS
CONTROLS.
The bureau is emphasizing this year
that the requirement to file a return rests
solely upon a persons marital status
and the amount OF his or her net income
Tor the year 1870. Single persons whose
net Income was s., 600 or more and mar
ried persons whose net income was 81 O09
or more must file a return regardless
Of whether their incomes are non-taxable
by reason OF their exemptions.
The normal tax rate for 1920 is per
cent on the frst $1,000 Of net income
above the exemption, and s per cent on
the remaining net income. The surtax
rate, which Is computed without the bene-
1T Of the exemption, ranges from 1 per
cent on the amount Of net income be-
tween 5000 and $1,000 to GO per cent on
the amount Of net income In excess Of
81 600.
For the Information OF taxpayers in
fling their returns. there has been pre-
pared by the Bureau Of Internal Revenue
a series OF short articles on the income
tax laws and 1920 regulations, the first Il
which viii appear on Jan. B. Errors
heretofore made have been noted, and
the taxpayer is told how this year they
may be voided.