Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-01-04
FORMS RECEIVED
FOR INCOME TAX
RETURNS FOR 70
Erroneous Deductions for
Contributions to Charities,
Church or Science Must
Be Amended, Says.

tarnal ,,e,epuo office and aro nov
-, -, ,,1..,,.,'., 1919
"'aii"oie loI uiS'rlp"''oh'
form llZV, corporation income
and profits tax return.
Form 1l20-s. government con-
tracts profits tax return.
Form 1922, information return
of subsidiary or affiliated corpora
ton.
Form 1925, schedule of taxable
Interest on Liberty bonds
Form ll26, certificate of invent
Dry.
Those who used tn" above forms
in the making Of returns for the
taxable year Of 1919 are on the
mailing list and the forms have
been enVeioped, addressed ana de-
posted in the pOStotfice for all
on the list. Those who VIII have
need for these forms and who do
not receive them from this office
by reason of not being on the mail
ing list may procure the same by
making request therefor, it is an
nounced,
Forms for partnership and inii-
Vidual returns will soon bc avail
able at which time we will mail ont
to all those who used like forms
for the preceding year, and notice
of availability for distribution will
be given through the press.
Charity Not Deducted.
A great many corporations in
making the income returns for the
,,,o, 90 1n1o o,r01aouoly 1.1uCt oil
contributions made to religious,
charitable, scientific or educational
corporations or associations. tn"
returns having been made priGr to
the publication of the orhiCn Cf
the attorney general holding that
such deductions could not be rade
by corporations, and to obViate the
necessity of amended returns the
commissioner of internal revenue
has recently made a ruling cover
this situation.
If corporations which erroneous
" made such deductions for tht
year Of 1918 will file Immediately
with the collector of internal rev
enue q statement showing the
amount Of the deductions claimed
the amount of net income as re
ported and as corrected by addition
of the erroneous deductions, the
amount of additional tax due, anC
make spayment of such additions
sum with interest on each install
ment from original due date, the
five per cent penalty Will be
waived,
In all cases where this procedure
is followed amended returns vii
rot be required, but the state menu
so made and filed will be attached
to the original return. 1t is i'm
portant that these statements
should be filed prior to the tins
that the original return is reached
in the audit now being made, there
fore they should be filed without
delay.
Special Agent Assigned.
An internal revenue agent has
been assigned to duty under th'
collector of internal revenue at Al
buquerque for the period peGlh'
ming January Is. This man Is as,
signed primarily for the purpose Of
assisting corporations in the pre-
parati0n Of income tax returns
Those corporations desiring to aVat
themselves of this expert assistance
should notify the collector or MAKE
it a point to see the revenue agent
as soon as he reaches Albuquerque.
Just how long he will be detailed
for work assisting those in ana
around Albuquerque has not Net
At. 1ts1n
that he visit other cities IN the
state.
Travelling Expenses.
Special regulations in regard 10
travelling expenses in their rela-
ton to the income tax are covered
as follows:
article 292. Travelling expenses
Travelling expenses, as ordinarily
understood, include railroad fares
and meals and lodging. II the trip
is undertaken for other than bust
ness purposes, such railroad far9s
are personal expenses ana sucli
meals and lodging are living ex-
renses. II the trip is on business.
the reasonable and necessary traV-
cling expenses, including railroad
fares, and meals and lodging IN an
amount in excess of any eXpendi-
lures ordinarily required for sucn
purposes when at home, become
business instead of personal eX-
penses. (a) If, then, an individual
whose business requires him TO
travel receives a salary as full COM
pensation for his services, without
reimbursement for travelling eX-
penses, or is employed on a com
mission basis with no expense al
lowancc, his expenses for railroad
fares. and expenses for meals and
lodging in an amount in excess OF
any expenditures ordinarily re
CURED for such purposes when Mt
home. are deductible from gross in
come. (b) If an individual re-
ceives a salary and is also repaid
his actual travelling expenses, he
shall include in gross income an
amount thereof equal to the ordi-
nary expenditures required for
meals and lodging when at home,
as such amount is held to be addi-
To tho a