Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1921-01-08
U. S. INCOME On TAX
ExEMPTS NOBODY
Every Person Whe Had inssHse
in 1919 Must Determine
Own Liability.
MARCH IS LAST FILING DATE.
surest Way 10 to FetisW FERN ,e<oA.
Free Advice In DsHhtfui casse.
Severe Penalties IN
Law.

Nobody Is exempt frem IHeens Tax
An obligation is laid directly sA the
shoulders of each citisAn aAl resident
to consider his own case ssl 70 esk his
return In on time II enc h DE.
With each return sAsw{RS . tAx dus
a payment must accompany ths cstsrn
In the full amount ct the tar ss 1t
least one-quarter Of the tai.
All returns for 1913 nsst - Ned -
or before March Is.
Muss Show Tpws ftSspsA
In figuring up his eaFniASs fsr h
come tax purposes q person nSst take
into consideration all items Of taxAbta
income, and each item itself nSst Be
accurate in amount. GSesees aAd -
nnlates must be avoided, tor the re-
turn Ia made under oath.
Everybody who had n Income dRr-
ing 1919 must now determine whether
his or her net income was suMciSat In
amount to require An Iaeens Tax re-
turn. The best way to dne eat 10 to
get n Form 1040A and fellow tie In
structlons printed on it That fern
will serve as reminder Of every item
Of income and II return II due. u
tells how to prepare and ale 1t.
One of tho important points to kedD
in mind is that persons net income
Is found by computation Dfsscr1beq
in the law, and that each item OF IL
come from every source must be csa-
sidered, unless specifically exempted.
Another thing to reMemher Is that
the personal exemption allowed tax,
payers by law has no relAtisa whatever
to the requirement to Re return. This
exemption Is not TO be considered aAtdl
person has figured sst his net in
come and determihed whetAsr 1t WRs
sufficient to require him to Gle . re-
turn. Then, IL q retUEn mast he elsd,
he should read carefRliy the tastruc,
tions for claiming exemption. ana csfa-
plete his return.
II In doubt on any pGist ~ to inc9ae
or deductions, persaR NAY secAre
free advice and aid fEsn the ReaEsst
Internal Revenue ONCE. AaRy saAks
and trust companies are also furnish
ing similar service during banking
hours. -
Heavy Penalties In Law.
For failing to make q return en- tixae
che penalty Is fine ct net more thar
81, 900 and an addition ct rs per csat
to the tax, II any. Fer taking 4 false
or fraudulent retaTH the penalty In 4
fine of not more than $l0,006 az In
prisonment not exceeding ore year, or
both and. in addition, 50 per csat II
The tax. There are ether penalties Ter
failing to pay tax when due saa fer
understatement of the tax tArex2h
negligence. :
Many Sources sf Income.
Aside from what eRs nay earn BY
his services. there are many ether
sources Of Income. II he ssld Any
property during 1919 he must AGars
out the gain realised. IL he rented
buildings, land, apartments Of eoens
such rents must BE- considered TAXA.
able, and he may claim deductisas fer
necessary expenses Incidental to rsats.
Bank interest is Z esnnsa sVxres
Of income and Is taxable whether With.
drawn or not. Any aMenAt 1t fAtAresf
credited to a deposissf IL iAesne t.
the deposlt0r.
Interest on mortgages ana astes |,
taxable; also bend Interest nacatyei
from corporations.
A taxpayer whs 0akel his taasr.
ance during 1919 nGH re1srt - n
come any excess resolved svSr d. b.
tai of premiums paid.
Members Of partnezships o. pGrssAal
service corporations or bs1e1e5arto q
an estate or trust Hsst repsrt tAxr
shares Of income aistriAstahis b sAsn
whether or not actually vitbauwp.
Dividends of domestic cssDssauass
must be reported. Many ether fsrns
OF income are taxable, sAisss sRsaae-
ally exempted.