The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1920-12-31
Who MUST MAKE
:. INCOME: REPORT Il q.
4. FOR NEXT YEAR
LIST OF PERSONS REQUIRED TO
d FILE SCHEDULES WITH COL
b. LECTOR OF REVENUE.
THOSE Who WILL Be EXEMPT
Interesting information Is Given Tax
payers by Deputy Collector Irving
G. PEBBLES of This District-Penal-
ties Attached.

(From Wednesdays Daily HeraldD
Deputy Collector Irving PEBBLES, of
this district, this morning enumerated
the persons who, under the revenue
laws, must make income tax. reports:
Every single man, whether bachel-
or, widower or separated from his wife
must make an income report If his in.
COME is equal to 100000; If he Is sim
gle and has dependents his report will
show whether he is subject to tax;
the report is required whether a tax
is due or not If single and has de-
pendents, dependents income must
be included as his own.
Every married man whose income
is equal to 100000 must make an in
come report; every man and wife who
have joint income that amounts to ST.
600 must make report. 1t does not
hio'tCi Ho" HidIiy Cllllul cu d HAL Has,
or what claim he has for dependents,
if his and his wife's income equals
$4,000 the report is required
A single man has $1,000 exempt
from income tax; he can also claim
5000 each for all dependent persons
who receive theft chief support from
him who are under eighteen years of
age or who are physically or mentally
defective if over that age; a single
man is head of a house" if he main
tains home and supports therein one
or more persons wholly dependent
upon him. Being head of house."
however, or having dependents will
not relieve. a single man from making
an income report, no matter how
many dependents he has, if he has an
income of $1,000
A married man has $4,000 exempt |
from an income tax for himself and
wife, in addition to that he has 5000
FOR each child under eighteen or who
Is mentally or physically deficient, re-
CARELESS though of the amount that
Is exempt from taxation on account of
he is required to make
'epOrt if he and his wife have a Joint
income that is equal to $4,000
Penalties are applied for failure to
make a report as well as for failure
o pay the tax.
Every partnership of any kind what
oever, whether they are making mon
y or losing money, must make an in
ome report. Partnerships do not pay
ny income tax; the various members
# the partnerships pay the tax as in \
ividuals; no partnership is exempt
rom making an income report
Every person making payment to
mother person of fixed and determin-
BILE income of $1,000 or more during
he taxable year must make report I
( same showing to whom the pay. {
tent is made, the address of the |
ayee and wether the payee is single,
larried or head of a family, if the in. =.
IS obtainable. This applies \
} payments of salaries, wages, com
iissiOns, rents. interest, etc.
Forms for the above reports can
e obtained by application to the Of
ce of Collector of Internal Revenue,
ashville, Tenn. The following are p
lie numbers: a
Income reports for incomes of $4,000, C.
: less No. 1910 A. u
Income reports for more than $4,000 Ia
C. 1040. S;
Income reports for partnerships No. W
'65. W
Income reports for information re-
,rts Nos. 1895 and 1899. n
Income reports for corporations No.
20.