The Semi-weekly leader. (Brookhaven, Miss.) 1905-1941, 1922-12-30
SENDING OUT BLANKS FOR
INCOME TAX OF 1922
Major Donald is Making Lot of
Folks Feel Exceedingly
Blue.

Maj. G.. L. Donald, internal rev.
enue collector for Mississippi, is a
very pleasant individual, personally,
but officially he is downright nui-
sance.
Hardly have folks. in this state re-
covered from the ache of that last
income tax installment on December
18th, until Maj. Donald is present
ing to them, blanks on which to
submit income tax reports for the
next annual period, says the jackson
News.
Maj. Donald is mailing to tax
payers who made similar returns
for the year 1921, Form 1040A for
filing individual returns of net in
come of $4,000 or less for the year
1922. The form is in six pages, two
of which provide for the return
proper. and two. for making a
duplicate Of the return Two pages
are devoted to instructions. The
duplicate and the instruction pages
should be detached and retained by
the taxpayer, and the original re-
turn mailed to the collector for the
district in which the taxpayer lives
or has his principal place of busi-
ness. Form 1040 for filing returns
of net income in excess of $1,000. 90
soon will be issued, and mailed to
taxpayers who filed similar return
for 1921. The filing period is from
January / to March Is, 1923.
To avoid errors which may result
to their disadvantage, taxpayers
are advised by the Bureau of In
ternal Revenue to study carefully
the instructions on the forms, espe-
c:ally those with regard to the Gre
dts for personal exemptions and de-
pendents. Married persons requir-
ed to make return on Form 1040A
those whose net income was $4,000
or less-are allowed an exemption of
.s2,500. The exemption for married
persons whose net income was in ex-
cess of $4,000. Is $4,000.
The exemption for single persons
is $1,000. Also, whether married or
single, the taxpayer is allowed a
credit of s4O0 for each person de-
pendent upon him for chief support
If such person Is under eighteen
7ears of age or mentally or physical
ly defective.
1t should be remembered that the
requirement to file a return Is
placed upon every married person
whose net income for 1922 was
$4,000 or more whose gross income
was $4,000 or more, and upon every
single person whose net income was
$1,000 or more or whose gross in
come was $4,000 or more. The fact
that by reason OF the exemption
and credits. persons income is not
taxable, does not nullify the re-
quirement to file return II the
income equals or exceeds these
specified amounts. Net income, upon
which the tax is assessed, is gross
income less certain deductions for
business expenses, bad debts, loss,
contributions, ETC.. provision for
which is made on the forms.
A head of a family - "A person
who actually supports and main
tains in one household one or more
Individuals who are closely con-
aected with him by blood relation
ship. relationship by marriage or
by adoption" is allowed the same
exemptions as married man:
In the returns of married persons
must be included the net income
Of both husband and wife and de-
pendent minor children. Husband
and wife may make a joint return
Or separate returns They receive
but one personal exemption, $4,000
or $4,000 as the case may be. Ii
they make separate returns the
exemption may be taken by either
or divided between them. The
exemption of $500 for a dependent
nay be claimed only by the one who
furnishes the dependents chief
support.
The taxpayers status on the last
day Of the taxable year December
81, 1922, II made on the calendar
year basis determines the amount
Of his exemptions and credits. If