Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1920-12-25
INCOME TAX SCHEDULE
Revenue Officials Will Assist in Preparing
the Income Tax Schedule for
the Year 1920

Extensive plans for aiding taxpayers
in filing income tax returns for the year
1920 are being made by the Bureau OF
Internal Revenue. Revenue officers
will visit every county in the United
States to assist in making out the forms.
The date of their arrival and the oca-
tion of their offices will be announced
through the press, or may be obtained
on inquiry at offices of collectors OF in
ternal revenue and branch Offices. The
services Of government experts hereto
fore offered to city residents will be con
tinued.
Forms for filing 1920 returns Of in
come viii be sent by collectors 10 per
sous who last year filed return FALL
ure to receive form, however, does
not relieve a person from his obligation
to file a return within the time pre-
scrlbed. Copies may be obtained from
Offices Of collectors of internal revenue,
branch Offices and banks, and are ex-
pected to be available on or before Jan
uary lst
Revenue officers assigned to the work
Of assisting taxpayers also Will be sup
piled with forms, concerning which,
and the various items to be included,
they will be prepared to answer any
and all questions. 1t has been demon
strated, however, that many questions
may be eliminated if the taxpayer, be
fore seeking the assistance of a revenue
officer, will carefully study the instruc
tions on the form.
The period for filing returns is from
January lst to March 18Th, 1921 The
tax, this year as last, may be paid in
full at the time OF filing the return or IL
four install meuts, the first of which il
due on or before March 18th, the second
on or before June l5th, the third on oI
before September 18th and the fourth
on or before December 18TH The irsi
iustallment must accompany the filing
Of the return.
Persons whose individual net income
for 1920 was 50 900 and less should ash
for Form lO4O a Those whose indiyl
dual net income was in excess Of IS, ,OOC
should ask for Form 1910
The Bureau of Internal Revenue il
urging taxpayers not to delay in the FL
ing of their returns. Merchants and
business men are closing up their ac-
counts for the calendar year 1920 With
the facts and figures necessary to make
correct return fresh in their minds,
the making out of form soon after Jan
nary lst will be an easier task, the bu-
reau points out, than if delayed.
The requirements Of the revenue ac
relating to returns for the year 1920 are
the same as those for the year 1919
Every single person whose net income
for 1920 was 81 ,000 or more and every
married person whose net income was
81, 900 or more must file a return. The
exemptions are 81 600 for single persons
and -, 600 for married persons and heads
Of families, plus an additional exemp-
ton of 500 for each person dependen
upon the taxpayer for chief support il
such person is under eighteen years Of
age or incapable of self support.
A single person may claim exemption
of 81 600 as the head of family if he II
the sole support Of one or more relatives
Ii,ipu in tho Sor,a bnrea ;tb hin, orI
if he exercises control over the house
hold affairs. Deductions form gross
income to which the taxpayer is en-
titled in arriving at net income are
fully explained in the instructions on
the forms.
The Bureau is emphasizing this year
that the requirement to fill return
rests solely upon person s marital stat
us and the amount of his or her net in
come for the year 1920. Single persons
whose net incomes was : 600 or more
and married persons hose net income
was s., 600 or more must file a return
regardless of whether their incomes are
tions.
The normal rate for 1920 is per cent
on the first 81 900 Of net income above
the exemption, and s per cent on the
remaining net income. The surtax rate,
which is computed without the benefit
of the exemption, ranges from one per
cent on the amount of net income be
tween 50 900 and $1,000 to 65 per cent
on the amount OF net income in excess
Of 81 900, 900.
For the information Of taxpayers in
filing their returns, there has been pre-
pared by the Bureau of Internal Rev
enue series OF short articles on the
income tax laws and 1920 regulations,
the first of which will appear on Janu
airy 3rd Errors heretofore made have
been noted, and the taxpayer is told
how this year they may be avoided
ROSE QUARTZ USED IN
MAKING HANDSOME BEADS,
Mrs. Sam Scott and son, Frank, OF