The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-01-20
INCOME TAX BLANKS
ARE NOW READY
FORMS SIMPLER THAN FORMER
LY-EXPLANATI0N BY RENE-
NUE. COLLECTOR.

Evan Evans, collector of internal
reevenue for the district of Idaho, has
issued a mprehensive statement ex-
planning the forms for filing indivi-
dual returns of income for the calen-
dar year of 1921. of $4,000 and less.
Form 1040A was available January
Is, at the office of the internal reve-
nue. collector at Boise, or at the
branch office at Pocatello.
copy will be mailed to taxpayers
who this year filed a return, but fail
ure to receive the form does not re-
lieve a taxpayer of his obligation to
file a return on time-on or before
March Is, 1922. The form has been
reduced from six to four pages, two of
which are devoted to instructions
which should be carefully read by
the taxpayer before filling in the
blanks. A study of these instructions
will greatly lessen difficulties hereto
fore encountered in correctly making
out the returns.
On page L. under the head of IN
come" are spaces for reporting the
following items: salaries, wages, COM
missions, etc, income from partner
ships, fiduciarieS, ETC., rents and
royalties profit Cor loss) from busi-
ness or profession; profit Cor loss)
from sale of real estate; profit Cor
loss) from sale of stocks, bonds, ETC.,
and other income. Beneath are spaces
for entering deductions, such as inter-
est and taxes paid during the year;
losses by fire, storm, shipwreck, or
other casualty or by theft, contribu-
tions, bad debts, etc.
On page 2, are spaces for entering
explanations of the various items;
i. e., the total amount of income from
business or profession, with descrip-
fl0
drug store" laundry" doctor"
lawyer" farmer" from rents, and
rolalties, sale of property, etc.
Returns are required of every single
person and every married person not
living with husband or wife whose
net income for 1921 was 1000 or
more, and of every married person
living with husband or wife whose net
income was 100000 or more. If the
combined net income of husband wife
and dependent minor children equal
led or exceeded $4,000, or if the con--
bined gross income OF husband, wife
and dependent minor children equal
led or exceeded $5,000.00 all such in
come must be reported on a joint re-
turn or in separate returns of hus-
band and wife. If single and the net
income including that of dependent
minors, if any, equalled or exceeded
L.
led or exceeded $5 100000, a return
must be filed. A minor, however,
having net income of 81 100000 or
So 900 90 according to marital status
or a gross income of S50O0.OO, must
file a return. The requirements to
file return of gross income. regard
less of the amount of net income, upon
which the tax is assessed, is a new
provision.
In-c
certain deductions which are explain
ed on the form.
Under each of the above conditions,
a return must be filed even though
no tax is due The exemptions are
ST. 100000 for single persons and mar
ried persons not living with husband
or wife. $250000 for married persons
living with husband or wife whose net
income for 1921 was 100000 or less
and 50 100000 for such persons whose
net income was more than S5,000.00.
The exemptions for dependents, "a
person under eighteen years of age or
or physically defective" has
been increased from $4,000 to $4,000.
A head of family person who
actually supports in one household
one or more persons closely related
to him Cor herr by blood marriage or
adoption, is granted the same eXemp-
tions allowed a married person.
The normal tax rates are un-
four per cent on the first
s4 900 of net income above the ex-
and eight per cent on the
remaining net income. The tax this
year. as last may be paid in full at
The time of filing the return. or in
our equal installments, due on or be-
iore Matrch 18th. June 18th, Septem-
Der 18th. and December 18th.
Heavy penalties are provided by the
lew Revenue Act of 1922 for failure to
lie return and pay the tax on time.
Announcement will be made through
he press of the date of release of
Torms 1040 for filing individual re-
urns of income of more than $4,000.