The Lehi sun. [volume] (Lehi, Utah) 1913-1949, 1922-01-19
INCOME TAX
RETURNS SIMPLIFIED

The following statement Is issued
by Collector of Internal Revenue
James u. Anderson for the District
OF Utah:
Forms 104OA, revised and simpli-
fed. for filing Individual returns Of
income for the calendar year 1921 OF
81 900 and less win be available We'd
nesday. January rs. at the office OF
Collector Of Internal Revenue at Sail
Lake City. and the following branch
Offices; Ogden. Logan, Richfeld,
Price and Milford, Utah. A copy
win be mailed TO taxpayers who last
year Hled a return, but failure to re-
ceive the form does not relieve a tax
payer of his obligation to file re-
iuln on time--on or before March Is,
1922 The form has been reduced
from six to four pages. two OF which
r. devoted to instructions which
should be carefully read by the tax.
payer before filling In the blanks. A
study of these Instructions will
greatly lessen difficulties heretofore
encountered in correctly making out
the returns.
On page I under the head OF "In-
come are spaces for reporting the
commissions. etc: income from
partnerships, iduciaries, etc; rents
and royalties, profit Tor loss) from
business or profession; profit Tor
lossl from sale of real estate; profit
Tor lossl from sale of stocks. bonds,
tic. and other income. Beneath are
spaces for entering deductions. such
as interest and taxes paid during the
year; losses by fire, storm, ship
wreck or other casualty or by theft,
contributions. bad debts, etc.
On page 2, are spaces for entering
explanations OF the various items; |.
O.. the total amount OF income from
business or profession, with descrip-
ton c'grocery," retail clothing"
drug store laundry" doctor"
lawyer" "farmer'D from rents, and
ROYALTIES, sale of property. etc.
Returns are required OF every
single person and every married per-
son not living with husband or wife.
whose net income for 1921 was $1,000
or more, and OF every married per.
son living with husband or wife
whose net income was $1,000 or more.
II the combined net income OF hus.
band. wife and dependent minor
children equalled or exceeded $4,000,
or II the combined gross income OF
husband, wife and dependent minor
children equalled or exceeded $1,000,
all such income must be reported on
a Joint return or In separate returns
mr. MI oil ar.ln a
net income including that OF depend
emf minors, II any, equalled or exceed
ed $1,000. or II the gross income
eqalled or exceeded $4,000, a return
must be filed. A minor, however, hav-
ing q net income of $1,000 or 1000,
according to marital status, or
gross income OF $4,000, must file
return.
The requirement to file return of
gross Income, regardless of the
amount OF net income, upon which the
TAX Is assessed Is a new provision.
Net income" Is gross income less
certain deductions which are explain
ed on the form.
Under each OF the above condi.
lions. return must be filed even
though no tax Is due The exemptions |
are $1,000 for single persons and
married persons not living with hus.
band or wife. $4,000 for married per.
sons living with husband or wife |
whose net income for 1891 was $4,000 |
or less, and $4,000 for such persons
whose net income was more than
$4,000; The exemption for dependent. |
n person under eighteen years of |
age or mentally Sr physically de. |
teetive,' has been increased from
5000 10 $500.
\ mead OF family-a person who |
actually supports In one household
one or more persons closely related
TO him Tor herr by blood, marriage
or adoption. is granted the same
exemptions allowed a married per.
son.
The normal tax rates are unchang.
cd per cent ON the first $4,000 of
net income above the exemptions and
\ p or cent on the remaining net IN.
come. The TAX this year. as last.
may be paid In fun at the time of
hling the return. or In four equal in.
'tallments, due ON or before March
10, June Is, September 10, and De.
cember t5
Heavy penalties are provided by
the new revenue act for failure to
ME return and pay the tax on time.
Announcement vii be made through
me press OF the date OF release of
Fprins l04O for filing individual re.
'nfn OF income OF more than $4,000.
CHEESE MAKING